Specialty Equipment Market Association & Performance Racing Inc logo

Specialty Equipment Market Association & Performance Racing Inc

501(c)(6) organization Diamond Bar, CA EIN: 95-2544340 Website

Sema's mission is to help our members' businesses succeed and prosper. Our members are the producers and marketers of specialty equipment products and services for the automotive aftermarket. We will do this by: a. Proactive leadership in our industry to help it expand domestically and worldwide. B. Delivering programs, activities and information in response to the ongoing and emerging needs of our members. C. Emphasizing education to help members focus on and achieve acceptable world-class quality standards. D. Legislative and regulatory advocacy. E. Producing the industry's leading trade show.

Key facts about Specialty Equipment Market Association & Performance Racing Inc

In short: Specialty Equipment Market Association & Performance Racing Inc gave $243K across 6 grants in 2025 (avg $41K), mostly in California. Source: 2025 IRS Form 990.

EIN
95-2544340
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$243,169
Grants made (2025)
6
Average grant
$40,528
Median grant
$36,500
Total assets
$156,988,127
Primary geography
California (84% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$157.0M

+8.4% YoY

Annual Giving

$243K

-84.7% YoY

Grant Count

6

-14.3% YoY

Avg Grant Size

$41K

-82.2% YoY

How Specialty Equipment Market Association & Performance Racing Inc gives

  • Giving fell 88% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Specialty Equipment Market Association & Performance Racing Inc

Based on IRS filings

Specialty Equipment Market Association & Performance Racing Inc is a public charity, based in Diamond Bar, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $157.0M in total assets. In 2025, it awarded 6 grants totaling $243K. Net investment income was $4.7M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2025 grant dollars across all 6 itemized grants.

Cities

Diamond BarBakersfieldOrlandoPomonaJolietDearbornLong BeachScottsdale

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M$4M4 grants2019 8 grants2020 7 grants2021 8 grants2022 8 grants2023 7 grants2024 6 grants2025

From 2019 to 2025, annual grant giving ranged from $243K (2025) to $3.5M (2021). In 2025 it made 6 grants totaling $243K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Sema Memorial Scholarship Fund: $110KSema Memorial Scholarship Fund$110KSema Cal Pac: $43KSema Cal Pac$43KOff-Road Business Association: $40KOff-Road Business Association$40KAutomotive Aftermarket Charitable Foundation: $33KAutomotive AftermarketCharitable Foundation$33KReal Deal Revolution: $10KReal Deal Revolution$10KAutomotive Hall of Fame Inc: $7KAutomotive Hall of Fame Inc$7K

The largest 2025 recipient was Sema Memorial Scholarship Fund ($110K). Together the top 6 received $243K.

Grant Size Distribution

36 grants across all recorded years

24<$50K2$50–100K3$100–250K3$250–500K$500K–1M4$1–5M$5M+

The most common grant size was under $50K: 24 grants of 36 (67%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Sema Memorial Scholarship Fund Diamond Bar, CATo Sema Memorial Scholarship Fund$109,859
Sema Cal Pac Diamond Bar, CAGeneral Support$43,310
Off-Road Business Association Bakersfield, CAAdvocacy association formed to protect and preserve access to public lands for off-road recreation.$40,000
Automotive Aftermarket Charitable Foundation Orlando, FLProvides resources for individuals and their families who have worked in the aftermarket and have come on difficult times financially.$33,000
Real Deal Revolution Long Beach, CAAdvocate Women Leadership$10,000
Automotive Hall of Fame Inc Dearborn, MIGeneral Support$7,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$20M$40M$60M$80M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$156,988,127$144,882,010$137,473,335
Revenue$59,257,762$51,625,053$42,380,128
Expenses$52,837,303$49,141,494$52,949,252
Net Investment Income$4,703,383$2,890,707$-1,931,569

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2019 (received by the IRS March 17, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS May 14, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS May 15, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS May 9, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS May 1, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS February 17, 2025)
  7. Updated Form 990 for fiscal year 2025 (received by the IRS February 20, 2026)
  8. IRS filings on file for fiscal years 2019–2025

Leadership & Key People

Officers and directors from IRS filings

Specialty Equipment Market Association & Performance Racing Inc is led by Mike Spagnola, President & CEO since 2022 (on filings since 2019); 10 of 28 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Mike Spagnola

    President & CEO

    Vice President Oem Relations → Vice President, Oem & Product Development Programs, 2021

    Vice President, Oem & Product Development Programs → President & CEO, 2022

    On filings since 2019

    40 hrs/week

    $278K (2019) → $587K (2025)

  • Michael Good

    President & Pri

    New on the 2025 filing

    40 hrs/week

    $261K (2025)

  • Kyle Fickler

    Chairman

    Chair Elect & Treasurer → Chair Elect, 2023

    Chair Elect → Chairman, 2025

    On filings since 2019

    3 hrs/week

    No compensation reported

  • Darin D. Mraz

    Senior Director It

    On filings since 2023

    40 hrs/week

    $211K (2023) → $239K (2025)

  • George Afremow

    Former CFO

    Vice President & CFO → Former CFO, 2025

    On filings since 2019

    40 hrs/week

    $340K (2019) → $386K (2025)

  • William Miller

    Former Senior Vice President & Operations

    Co-Ceo, Senior Vice President & Ops → Senior Vice President & Operations, 2023

    Senior Vice President & Operations → Former Senior Vice President & Operations, 2025

    On filings since 2019

    $491K (2019) → $218K (2025)

  • Tom Gattuso

    Vice President & Events

    On filings since 2020

    40 hrs/week

    $244K (2020) → $339K (2025)

  • Warren Kosikov

    Vice President & Sales

    On filings since 2022

    40 hrs/week

    $245K (2022) → $291K (2025)

  • Rj De Vera

    Vice President & Marketing

    On filings since 2023

    40 hrs/week

    $264K (2023) → $342K (2025)

  • Karen Bailey-Chapman

    Vice President, Gov't & Legal Affairs

    On filings since 2024

    40 hrs/week

    $426K (2024) → $444K (2025)

  • Ryan Stutzman

    CFO

    On filings since 2024

    40 hrs/week

    $183K (2025)

  • James Lawrence

    Immediate Past Chair & Secretary

    Chair Elect → Chairman, 2022

    Chairman → Immediate Past Chair & Secretary, 2025

    On filings since 2019

    3 hrs/week

    No compensation reported

  • Steve Whipple

    Board Member

    On filings since 2019

    3 hrs/week

    No compensation reported

  • Kathryn Reinhardt

    Board Member

    On filings since 2020

    3 hrs/week

    No compensation reported

  • Melanie White

    Chair Elect

    Board Member → Chair Elect, 2025

    On filings since 2020

    3 hrs/week

    No compensation reported

  • Kim Pendergast

    Board Member

    On filings since 2021

    3 hrs/week

    No compensation reported

  • Ted Wentz

    Board Member

    On filings since 2021

    3 hrs/week

    No compensation reported

  • Brian Reese

    Board Member

    On filings since 2022

    3 hrs/week

    No compensation reported

  • Larry Montante

    Board Member

    On filings since 2022

    3 hrs/week

    No compensation reported

  • Lindsey Hubley

    Board Member

    On filings since 2022

    3 hrs/week

    No compensation reported

  • Norris Marshall

    Board Member

    On filings since 2023

    3 hrs/week

    No compensation reported

  • Rich Butler

    Board Member

    On filings since 2023

    3 hrs/week

    No compensation reported

  • Marcus Umlauff

    Board Member

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Tim McCarthy

    Treasurer

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Bill Bader

    Board Member

    New on the 2025 filing

    3 hrs/week

    No compensation reported

  • Doug Lane

    Board Member

    New on the 2025 filing

    3 hrs/week

    No compensation reported

  • Kelly Oeste

    Board Member

    New on the 2025 filing

    3 hrs/week

    No compensation reported

  • Melissa Scoles

    Board Member

    New on the 2025 filing

    3 hrs/week

    No compensation reported

Former officers (33)
  • Former: Christopher J. Kersting (2019–2024) — Former CEO & President
  • Former: Jim Liaw (2023–2024) — General Manager & Pri
  • Former: James Lawrence Chair (2024) — Im Past Chair & Secretary · Filing note: Thru 07
  • Former: Kyle Fickler Chair Elect (2024) — Chairman · Filing note: Thru
  • Former: Melanie White Board Mem (2024) — Chair Elect · Filing note: Thru
  • Former: Tim Martin Immediate Past (2024) — Chair & Secretary
  • Former: Zane Clark Vice President (2024) — Councils & Membership
  • Former: Chris Douglas (2019–2023) — Board Member
  • Former: Jamie Meyer (2019–2023) — President & Pri
  • Former: Tim Martin (2019–2023) — Immediate Past Chair & Secretary
  • Former: Bunyan Les Rudd Treasurer (2023) — Board Member
  • Former: Daniel Ingber Vp Gov't (2023) — Legal Affairs
  • Former: Nathan Ridnouer Vp Councils (2023) — Membership
  • Former: Bunyan L. Les Rudd (2019–2022) — Treasurer
  • Former: Ira Gabriel (2019–2022) — Vice President Marketing
  • Former: Nathan Ridnouer (2019–2022) — Vice President
  • Former: Daniel Ingber (2020–2022) — Vice President, Gov't & Legal Affairs
  • Former: Alise Miner (2022) — Vice President
  • Former: Steve Matusek (2022) — Treasurer
  • Former: Brian Lounsberry (2019–2021) — Board Member
  • Former: Dan Khan (2019–2021) — Board Member
  • Former: Donnie Eatherly (2019–2021) — Board Member
  • Former: Greg Adler (2019–2021) — Board Member
  • Former: John Waraniak (2019–2021) — Vice President Vehicle Technology
  • Former: Wade Kawasaki (2019–2021) — Immediate Past Chair & Secretary
  • Former: Jayme Meyer (2021) — Former Board Member & President of Pri
  • Former: Doug Evans (2019–2020) — Board Member
  • Former: Peter Lehman (2019–2020) — Board Member
  • Former: Jim Bingham (2019) — Board Member
  • Former: Laurel Dasher (2019) — Board Member
  • Former: Nick Gramelspacher (2019) — Board Member
  • Former: Peter Macgillivray (2019) — Vice President Communications
  • Former: Susan Carpenter (2019) — Board Member

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Mike Spagnola — President and CEO: $587KMike SpagnolaPresident and CEO$587KKaren Bailey-Chapman — VP, Gov't & Legal Affairs: $444KKaren Bailey-ChapmanVP, Gov't & Legal Affairs$444KGeorge Afremow — Former CFO: $386KGeorge AfremowFormer CFO$386KRJ De Vera — Vice President, Marketing: $342KRJ De VeraVice President, Marketing$342KTom Gattuso — Vice President, Events: $339KTom GattusoVice President, Events$339KWarren Kosikov — Vice President, Sales: $291KWarren KosikovVice President, Sales$291KMichael Good — President, PRI: $261KMichael GoodPresident, PRI$261KDarin D Mraz — Sr. Director It: $239KDarin D MrazSr. Director It$239KWilliam Miller — Former Senior VP, Operations: $218KWilliam MillerFormer Senior VP, Operations$218KRyan Stutzman — CFO: $183KRyan StutzmanCFO$183K

The highest reported compensation on the 2025 filing was $587K, to Mike Spagnola (President and CEO). 10 officers or directors reported compensation on that filing.

Frequently asked questions about Specialty Equipment Market Association & Performance Racing Inc

How much does Specialty Equipment Market Association & Performance Racing Inc give each year?

Specialty Equipment Market Association & Performance Racing Inc gave $243K across 6 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.6M across 7 grants.

What is Specialty Equipment Market Association & Performance Racing Inc's typical grant size?

Specialty Equipment Market Association & Performance Racing Inc's median grant in 2025 was $36,500, and its average grant was $40,528, across 6 grants on its 2025 IRS Form 990.

Where does Specialty Equipment Market Association & Performance Racing Inc give grants?

Specialty Equipment Market Association & Performance Racing Inc gives mostly in California: 84% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Florida (14%). The most frequent recipient cities were Diamond Bar, CA (2 grants).

Does Specialty Equipment Market Association & Performance Racing Inc give general operating support?

Yes: 33% of Specialty Equipment Market Association & Performance Racing Inc's 2025 grants with a stated purpose (2 of 6) were for general or operating support, per its 2025 IRS Form 990.

Who are Specialty Equipment Market Association & Performance Racing Inc's largest grantees?

Specialty Equipment Market Association & Performance Racing Inc's largest 2025 grantees include Sema Memorial Scholarship Fund ($109,859), Sema Cal Pac ($43,310) and Off-Road Business Association ($40,000), according to its 2025 IRS Form 990. Together they received 79% of its itemized 2025 grant dollars.

How large is Specialty Equipment Market Association & Performance Racing Inc?

Specialty Equipment Market Association & Performance Racing Inc reported $157.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $59.3M.

What is Specialty Equipment Market Association & Performance Racing Inc's EIN?

Specialty Equipment Market Association & Performance Racing Inc's EIN (Employer Identification Number) is 95-2544340. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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