2026-02-17T22:08:03-06:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 6320 CANOGA AVENUE 17TH FLOOR WOODLAND HILLS CA 91367 990 2024-07-01 954131888 SEMA MEMORIAL SCHOLARSHIP FUND SEMA 9099786707 1575 S VALLEY VISTA DRIVE DIAMOND BAR CA 91765 RYAN STUTZMAN CFO 9096786719 2026-02-12 1 1 LAUREN A HAVERLOCK P00545829 8185771900 2026-02-12 2024 2025-03-06 01:10:19Z SEMA CARES MIKE SPAGNOLA 1575 S VALLEY VISTA DRIVE DIAMOND BAR CA 91765 1457799 0 X HTTPS://SITES.SEMA.ORG/SCHOLARSHIPS/ X 1989 DC TO FOSTER LEADERSHIP IN THE SPECIALTY EQUIPMENT MARKETPLACE AND TO SUPPORT EDUCATIONAL GOALS FOR STUDENTS TO PURSUING CAREERS IN THE AUTOMOTIVE AFTERMARKET. 4 4 0 10 0 0 501502 192434 0 0 43448 240064 2000 0 546950 432498 359875 262500 0 0 0 0 0 0 0 40283 42747 400158 305247 146792 127251 2817449 3127329 34460 152484 2782989 2974845 X THE SEMA MEMORIAL SCHOLARSHIP FUND (SMSF) IS DEDICATED TO ACTIVATING THE NEXT GENERATION AUTOMOTIVE WORKFORCE BY PROVIDING FINANCIAL SUPPORT AND CAREER RESOURCES TO STUDENTS, SCHOOLS, EDUCATORS, AND PROGRAMS THAT BENEFIT THE PROFESSIONAL DEVELOPMENT OF YOUNG PROFESSIONALS ENROLLED IN VARIOUS HIGH SCHOOLS, UNIVERSITIES, COLLEGES, AND/OR VOCATIONAL SCHOOLS IN THE UNITED STATES. SEMA CARES AIMS TO BRING THE VOICE AND RESOURCES OF THIS COMMUNITY TOGETHER TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF OTHERS. 0 0 262500 262500 SCHOLARSHIPS FROM SEMA MEMORIAL SCHOLARSHIP FUND WERE GRANTED TO WORTHY INDIVIDUALS AND PAYMENTS WERE MADE DIRECTLY TO THEIR RESPECTIVE SCHOOLS. FINANCIAL ASSISTANCE FROM SEMA CARES WERE PROVIDED TO SEVERAL DIFFERENT TYPES OF CHARITABLE ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 262500 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 4 4 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X RYAN STUTZMAN 9099786719 1575 SOUTH VALLEY VISTA DRIVE DIAMOND BAR CA 91765 KYLE FICKLER CHAIRMAN 1.00 9.00 X X 0 0 0 MELANIE WHITE CHAIR ELECT 1.00 9.00 X X 0 0 0 TIM MCCARTHY TREASURER 1.00 9.00 X X 0 0 0 JAMES LAWRENCE IMMEDIATE PAST CHAIR & SECRETARY 1.00 9.00 X X 0 0 0 RYAN STUTZMAN CFO 1.00 42.00 X 0 183389 9692 MIKE SPAGNOLA PRESIDENT AND CEO 1.00 44.00 X 0 586689 30660 GEORGE AFREMOW FORMER VP & CFO 0.00 40.00 X 0 386438 39440 WILLIAM MILLER FORMER SR. VP, OPS 0.00 0.00 X 0 217874 0 0 1374390 79792 0 1 1 0 0 109859 82575 192434 106035 106035 1159330 1025301 134029 134029 134029 432498 0 0 240064 81000 81000 181500 181500 6914 6914 3606 3606 500 500 30882 30882 100 100 745 745 305247 262500 42747 0 68348 75290 4062 4907 3032 0 2742007 3047132 2817449 3127329 0 724 34460 151760 34460 152484 X 2724839 2916695 58150 58150 2782989 2974845 2817449 3127329 127251 64605 0 X 0 1 X 1 0 X X 1 SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING INC 952544340 10 1 0 0 1 0 0 1 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B: FOR SEMA'S FISCAL YEAR ENDED JUNE 30, 2025, ITS PUBLIC SUPPORT PERCENTAGE WAS 91.72%, AND ITS INVESTMENT INCOME PERCENTAGE WAS 7.54%. THE RELATIVE AMOUNTS OF REVENUE RECEIVED BY SEMA FROM VARIOUS SOURCES DO NOT CHANGE SIGNIFICANTLY FROM YEAR TO YEAR. FOR THIS REASON, COUNSEL HAS ADVISED THAT IT IS REASONABLE FOR THE FUND TO RECEIVE A COPY OF SEMA'S FORM 990 EACH YEAR SO IT CAN REVIEW THE SOURCES AND AMOUNTS OF REVENUE REPORTED IN PART VIII. EVERY FOUR YEARS, THE FUND WILL RECEIVE A COMPLETED PRO FORMA OF FORM 990, SCHEDULE A, PART III, TO CONFIRM THAT THERE HAS BEEN NO MATERIAL CHANGE IN SEMA'S 5-YEAR ROLLING AVERAGE PUBLIC SUPPORT PERCENTAGE OR INVESTMENT INCOME PERCENTAGE. IN THE UNLIKELY EVENT THAT SEMA'S PUBLIC SUPPORT PERCENTAGE OR INVESTMENT INCOME PERCENTAGE WERE TO APPROACH THE APPLICABLE 33-1/3% THRESHOLD, THE FUND WOULD REVIEW SCHEDULE A, PART III ANNUALLY. PART IV, SECTION A, LINE 3C: SEMA MEMORIAL SCHOLARSHIP FUND DID NOT PROVIDE MONETARY OR NON-MONETARY SUPPORT TO ITS SUPPORTED ORGANIZATION, SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING, INC. (SEMA). SEMA MEMORIAL SCHOLARSHIP FUND GRANTS SUPPORT TO OTHER PUBLIC CHARITIES ORGANIZED UNDER IRC 501(C)(3) AND TO INDIVIDUALS. GRANTS TO OTHER PUBLIC CHARITIES ARE REVIEWED AND MADE WITH WRITTEN CONSENT BY SEMA. PART IV, SECTION A, LINE 6: SEMA MEMORIAL SCHOLARSHIP FUND PROVIDED GRANTS TO ORGANIZATIONS TO SUPPORT THE MISSION OF ITS SUPPORTED ORGANIZATION, SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING, INC., WHICH IS AN ENTITY UNDER INTERNAL REVENUE CODE 501(C)(6). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO SEMA CORPORATE 151760 151760 X PART X, LINE 2: THE ASSOCIATION AND SEWA HAVE BEEN RECOGNIZED AS ORGANIZATIONS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND THE CORRESPONDING CALIFORNIA PROVISION. THE SCHOLARSHIP FUND HAS BEEN RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE CORRESPONDING CALIFORNIA PROVISION. THE ASSOCIATION IS SUBJECT TO INCOME TAXES FOR UNRELATED BUSINESS INCOME, IF ANY, REALIZED IN CONNECTION WITH UNRELATED BUSINESS ACTIVITIES. NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED FOR PAPI AS IT HAS NET OPERATING LOSS CARRYFORWARDS AVAILABLE TO OFFSET CURRENT AND FUTURE TAXABLE INCOME FOR FEDERAL INCOME TAX PURPOSES OF APPROXIMATELY $6,102,000 AND $6,718,000 AS OF JUNE 30, 2025 AND 2024, RESPECTIVELY, AND OPERATING LOSS CARRYFORWARDS AVAILABLE TO OFFSET CURRENT AND FUTURE TAXABLE INCOME FOR CALIFORNIA INCOME TAX PURPOSES OF APPROXIMATELY $5,066,000 AND $5,331,000, RESPECTIVELY. SUCH CARRYFORWARDS BEGAN TO EXPIRE IN FISCAL YEAR ENDED JUNE 30, 2025, FOR FEDERAL INCOME TAX AND JUNE 30, 2030, FOR CALIFORNIA TAX PURPOSES. PAPI HAS PROVIDED A VALUATION ALLOWANCE TO OFFSET ALL DEFERRED TAX ASSETS DUE TO THE UNCERTAINTY OF REALIZATION. SEMA HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2025 AND 2024. THE ASSOCIATION, THE SCHOLARSHIP FUND, AND SEWA FILE EXEMPT ORGANIZATION INCOME TAX RETURNS. THE ASSOCIATION FILES AN UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH CALIFORNIA. PAPI FILES A CORPORATE INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH CALIFORNIA. THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. 1 AUSTIN HATCHER FOUNDATION FOR PEDIATRIC CANCER 6739 RINGGOLD ROAD STE TG CHATTANOOGA TN 37412 208065108 501(C)(3) 27000 0 DONATE TO CANCER RESEARCH CHILDHELP 4350 E CAMELBACK ROAD BLDG F250 PHOENIX AZ 85018 952884608 501(C)(3) 27000 0 DONATE TO CHILDREN IN NEED VICTORY JUNCTION 4500 ADAMS WAY RANDLEMAN NC 27317 562215292 501(C)(3) 27000 0 DONATE TO CHILDREN IN NEED 3 0 SCHOLARSHIPS 104 181500 PART I, LINE 2: FINANCIAL ASSISTANCE GRANTS WERE PROVIDED TO EXEMPT ORGANIZATIONS AND SCHOLARSHIP PAYMENTS WERE MADE DIRECTLY TO RECIPIENTS' RESPECTIVE SCHOOLS. 1 0 0 0 0 0 0 0 0 MIKE SPAGNOLA PRESIDENT AND CEO 0 464278 0 110438 0 11973 0 29660 0 1000 0 617349 0 0 GEORGE AFREMOW FORMER VP & CFO 0 199486 0 0 0 186952 0 39000 0 440 0 425878 0 0 WILLIAM MILLER FORMER SR. VP, OPS 0 0 0 0 0 217874 0 0 0 0 0 217874 0 0 RYAN STUTZMAN CFO 0 176633 0 0 0 6756 0 9692 0 0 0 193081 0 0 PART I, LINE 3 SEMA, A RELATED ORGANIZATION, SETS THE TOP MANAGEMENT OFFICIAL'S COMPENSATION USING ONE OR MORE OF THE METHODS DESCRIBED ON LINE 3. PART I, LINE 4A WILLIAM MILLER AND GEORGE AFREMOW RECEIVED SEVERANCE DURING THE YEAR. DETAILS OF THE AGREEMENT ARE CONFIDENTIAL BUT ARE AVAILABLE UPON REQUEST. FORM 990, PART V, LINE 1A A RELATED ORGANIZATION, SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING, INC, IS ACTING AS A COMMON PAYMASTER AND FILING FORM 1099S ON BEHALF OF THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A CERTAIN OFFICERS OF THE SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING, INC. SERVE AS DIRECTORS OF THE FUND, EX OFFICIO. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE BYLAWS OF THE FUND MUST BE APPROVED BY THE BOARD OF DIRECTORS OF THE SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING, INC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN ACCOUNTING FIRM. MANAGEMENT REVIEWS THE RETURN AND THE CFO SIGNS THE FORM 990. THE SEMA BOARD OF DIRECTORS HAS AUTHORIZED THE AUDIT REVIEW COMMITTEE IN CONJUNCTION WITH MANAGEMENT TO REVIEW AND APPROVE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE DIRECTORS ARE REQUIRED TO CONFIRM RECEIPT AND REVIEW OF THE CONFLICT OF INTEREST POLICY UPON COMMENCEMENT AND ANY POLICY UPDATES. THE DIRECTORS ARE REQUESTED TO REPORT ANY NEW POTENTIAL CONFLICTS AT THE QUARTERLY BOARD OF DIRECTORS MEETINGS. IN THE EVENT A MEMBER OR KEY STAFF BELIEVES THAT THERE IS A POTENTIAL CONFLICT OF INTEREST, OR THE APPEARANCE OF A CONFLICT OF INTEREST, HE/SHE SHALL BRING THE RELEVANT FACTS TO THE ATTENTION OF THE APPROPRIATE BOARD OF DIRECTORS. UPON NOTICE OF SUCH CIRCUMSTANCES, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST IS IN EVIDENCE AND IF THERE IS SUCH A CONFLICT OF INTEREST, HOW IT IS TO BE ADDRESSED. IT IS UNDERSTOOD THAT CERTAIN INSTANCES OF CONFLICT OF INTEREST MAY BE RESOLVED BY DISCLOSURE AND OTHERS REQUIRE RECUSAL. IN THE EVENT IT IS LATER DETERMINED THAT A BOARD MEMBER HAD A CONFLICT OF INTEREST, SUCH CONFLICT SHALL NOT AFFECT THE VALIDITY OF ANY VOTE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL IS DETERMINED BY A RELATED ORGANIZATION, SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING, INC. (SEMA). SEMA'S COMPENSATION COMMITTEE USES AN INDEPENDENT COMPENSATION CONSULTANT AND COMPENSATION SURVEYS TO DETERMINE THE COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL AND THE FOUR VICE PRESIDENTS OF THE ORGANIZATION. THE COMPENSATION COMMITTEE MEETS PERIODICALLY AS NEEDED TO UNDERTAKE COMPENSATION REVIEW. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, A HARD COPY WILL BE MAILED OUT WITHIN 30 DAYS. SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING INC 1575 SOUTH VALLEY VISTA DRIVE DIAMOND BAR CA 91765 952544340 TRADE ASSOCIATION CA 501(C)(6) N/A 0 SPECIALTY EQUIPMENT WARRANTY ALLIANCE 1575 SOUTH VALLEY VISTA DRIVE DIAMOND BAR CA 91765 205938240 TRADE ASSOCIATION CA 501(C)(6) SEMA 0 SEMA FEST INC 1575 SOUTH VALLEY VISTA DRIVE DIAMOND BAR CA 91765 871373521 SOCIAL WELFARE ORGANIZATION IN 501(C)(4) SEMA 0 DRIVING FORCE FUND 320 S HENRY STREET ALEXANDRIA VA 22314 932831445 SOCIAL WELFARE ORGANIZATION VA 501(C)(4) SEMA 0 DRIVING FORCE ACTION 320 S HENRY STREET ALEXANDRIA VA 22314 932809361 POLITICAL ACTION COMMITTEE VA 527 SEMA 0 PERFORMANCE AFTERMARKET PUBLICATION INC 1575 SOUTH VALLEY VISTA DRIVE DIAMOND BAR CA 917650910 954198456 PUBLISHING CA N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING INC C 109859 FMV