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Nonprofiteer
← SOCIETY FOR MINING METALLURGY AND EXPLORATION INC

Form 990 for tax year 2024

Filed by SOCIETY FOR MINING METALLURGY AND EXPLORATION INC.

Totals

Total revenue
$18,506,436
Total expenses
$17,598,346
Contributions and grants received
$282,613
Grants paid
$736,927
Program service revenue
$13,914,196
Investment income
$1,951,447
Other revenue
$2,358,180
Total assets, end of year
$44,186,998
Total liabilities, end of year
$8,433,647
Net assets or fund balances, end of year
$35,753,351
Program services expenses (Part IX)
$15,832,092
Management and general expenses
$1,470,863
Fundraising expenses
$295,391
Program service expenses (Part III)
$15,832,092

Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $282,613

  • 2a · Program service revenue: MEETINGS & EXHIBITS

    total $12,275,109 · related or exempt $12,275,109

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $1,639,087 · related or exempt $1,639,087

  • 3 · Investment income

    total $974,245 · excluded $974,245

  • 5 · Royalties

    total $98,591 · excluded $98,591

  • 6a · Gross rents

    real property $11,050

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $11,050

  • 6d · Net rental income or loss

    total $11,050 · excluded $11,050

  • 7a · Gross sales of assets other than inventory

    securities $8,118,359

  • 7b · Less cost or other basis and sales expenses

    securities $7,141,157

  • 7c · Gain or loss

    securities $977,202

  • 7d · Net gain or loss

    total $977,202 · excluded $977,202

  • 10a · Gross sales of inventory

    $342,506

  • 10b · Cost of goods sold

    $161,693

  • 10c · Net income from sales of inventory

    total $180,813 · related or exempt $180,813

  • 11a · Other revenue: ADVERTISING

    total $1,094,096 · related or exempt $5,943 · unrelated business $1,088,153

  • 11b · Other revenue: INSURANCE PROCEEDS

    total $528,204 · excluded $528,204

  • 11c · Other revenue: HOTEL REBATES

    total $175,325 · related or exempt $175,325

  • 11d · All other revenue

    total $270,101 · related or exempt $19,589 · excluded $250,512

  • 11e · Other revenue, total

    $2,067,726

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $676,927 · program services $676,927

  • 3 · Grants to foreign organizations and individuals

    total $60,000 · program services $60,000

  • 5 · Compensation of officers, directors and key employees

    total $1,198,967 · program services $1,067,081 · management and general $107,907 · fundraising $23,979

  • 7 · Other salaries and wages

    total $4,089,753 · program services $3,655,136 · management and general $358,149 · fundraising $76,468

  • 8 · Pension plan contributions

    total $196,073 · program services $175,236 · management and general $17,171 · fundraising $3,666

  • 9 · Other employee benefits

    total $688,028 · program services $614,912 · management and general $60,252 · fundraising $12,864

  • 10 · Payroll taxes

    total $383,298 · program services $342,565 · management and general $33,566 · fundraising $7,167

  • 11b · Fees: legal

    total $37,310 · management and general $37,310

  • 11c · Fees: accounting

    total $53,512 · management and general $53,512

  • 11f · Fees: investment management

    total $96,155 · management and general $96,155

  • 11g · Fees: other

    total $464,208 · program services $426,187 · management and general $24,084 · fundraising $13,937

  • 12 · Advertising and promotion

    total $202,356 · program services $184,353 · management and general $13,833 · fundraising $4,170

  • 13 · Office expenses

    total $923,530 · program services $891,118 · management and general $22,966 · fundraising $9,446

  • 14 · Information technology

    total $406,548 · program services $274,683 · management and general $126,829 · fundraising $5,036

  • 15 · Royalties

    total $10,714 · program services $10,714

  • 16 · Occupancy

    total $236,101 · program services $168,322 · management and general $64,609 · fundraising $3,170

  • 17 · Travel

    total $487,756 · program services $409,402 · management and general $63,699 · fundraising $14,655

  • 19 · Conferences, conventions and meetings

    total $4,707,979 · program services $4,459,145 · management and general $155,893 · fundraising $92,941

  • 22 · Depreciation, depletion and amortization

    total $366,829 · program services $327,846 · management and general $32,124 · fundraising $6,859

  • 24a · Other expenses: SECTIONS EXPENSE

    total $1,667,071 · program services $1,554,258 · management and general $112,813

  • 24b · Other expenses: COMMISSIONS

    total $227,106 · program services $227,106

  • 24c · Other expenses: MEMBERSHIP AND SUBSCRIP

    total $132,025 · program services $97,615 · management and general $30,439 · fundraising $3,971

  • 24d · Other expenses: EMPLOYEE RELATIONS AND

    total $98,848 · program services $72,199 · management and general $23,684 · fundraising $2,965

  • 24e · All other expenses

    total $187,252 · program services $137,287 · management and general $35,868 · fundraising $14,097

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,318,123 · end of year $1,559,872

  • 2 · Savings and temporary cash investments

    beginning of year $2,583,715 · end of year $4,304,659

  • 4 · Accounts receivable

    beginning of year $1,743,953 · end of year $1,670,744

  • 8 · Inventories for sale or use

    beginning of year $1,405,433 · end of year $1,325,907

  • 9 · Prepaid expenses and deferred charges

    beginning of year $787,819 · end of year $655,144

  • 10a · Land, buildings and equipment: cost or other basis

    $6,981,705

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,471,636

  • 10c · Land, buildings and equipment, net

    beginning of year $2,937,856 · end of year $3,510,069

  • 11 · Investments: publicly traded securities

    beginning of year $29,111,753 · end of year $29,595,839

  • 15 · Other assets

    beginning of year $1,421,538 · end of year $1,564,764

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,707,232 · end of year $3,117,843

  • 19 · Deferred revenue

    beginning of year $3,658,986 · end of year $4,598,113

  • 25 · Other liabilities

    beginning of year $619,858 · end of year $717,691

  • 27 · Net assets without donor restrictions

    beginning of year $28,300,856 · end of year $29,906,567

  • 28 · Net assets with donor restrictions

    beginning of year $6,023,258 · end of year $5,846,784

Mission and programs · 2024

Mission

SOCIETY FOR MINING, METALLURGY AND EXPLORATION (SME) SERVES THE MINING, RESOURCES AND UNDERGROUND CONSTRUCTION COMMUNITIES FOR A SUSTAINABLE FUTURE.

Activities or mission (Part I)

BUILDING A BETTER WORLD THROUGH MINING, METALLURGY AND UNDERGROUND CONSTRUCTION.

  • THE MINEXCHANGE 2025 SME ANNUAL CONFERENCE & EXPO AND SMA 127TH NATIONAL WESTERN MINING CONFERENCE TOOK PLACE AT THE COLORADO CONVENTION CENTER IN DENVER, CO ON FEBRUARY 23-25. IN ADDITION, MINEXCHANGE ATTENDEES WERE ALSO ABLE TO ATTEND SESSIONS FOR THE 2025 WORLD GOLD CONFERENCE. THE EXPO FLOOR FEATURED A LARGE WORLD GOLD PAVILLION. MINEXCHANGE INCLUDED 692 PRESENTATIONS, 9 SHORT COURSES, 103 PREPRINTS, 41 WORLD GOLD MANUSCRIPTS, 601 EXHIBITING COMPANIES AND 78 SPONSORS. OVER 7,035 INDIVIDUALS WERE IN ATTENDANCE. THIS INCLUDED 600 STUDENTS, 973 INTERNATIONAL ATTENDEES FROM 46 COUNTRIES. THOSE FROM THE UNITED STATES HAILED FROM ALL 50 U.S. STATES PLUS PUERTO RICO AND THE DISTRICT OF COLUMBIA.THE RAPID EXCAVATION AND TUNNELING CONFERENCE (RETC) WAS HELD JUNE 8-11 AT THE SHERATON DALLAS HOTEL IN DALLAS, TX. DRAWING AN ATTENDANCE OF 1,340 ATTENDEES, THE EVENT FEATURED 172 EXHIBITING COMPANIES AND 27 SPONSORING COMPANIES. THE TECHNICAL PROGRAM FEATURED RICH CONTENT AND NETWORKING OPPORTUNITIES INCLUDING NETWORKING EVENTS SPECIFICALLY FOR WONERS AND WOMEN IN TUNNELING.

    Expenses $10,526,523 · Revenue $12,450,434

  • MEMBERS ARE THE HEART OF SME, CONTRIBUTING TECHNICAL KNOWLEDGE, TALENT AND VOLUNTEER RESOURCES TO HELP THE ORGANIZATION ADVANCE. SME ENDED 2025 WITH OVER 14,000 MEMBERS. INTERNATIONAL MEMBERS MADE UP 27% OF TOTAL MEMBERSHIP. SME HAS 49 LOCAL SECTIONS, INCLUDING 42 IN THE UNITED STATES PLUS 7 INTERNATIONAL SECTIONS. SEVEN NEW STUDENT CHAPTERS WERE FORMED IN 2025, BRINGING THE TOTAL NUMBER OF STUDENT CHAPTERS TO 89.

    Expenses $1,568,294 · Revenue $1,664,619

  • DURING 2025 THE MINING ENGINEERING WEBSITE PUBLISHED INDUSTRY NEWS ON A DAILY BASIS AND DELIVERED EACH ISSUE TO MEMBERS ANYWHERE IN THE WORLD AS A PDF AND IN FLIPBOOK FORMATS. CLIENTS ALSO EXPANDED DIGITAL ADVERTISING OPPORTUNITIES THROUGH MINING ENGINEERING ONLINE, THE SME WEBSITE, CLIENT-PROVIDED CONTENT, SME E-NEWS, AND MINING ENGINEERING DIGITAL NEWSLETTER OPTIONS.

    Expenses $1,893,921 · Revenue $180,813

  • SME PROVIDES EDUCATIONAL SUPPORT IN THE FORM OF SCHOLARSHIPS AND OTHER CONTINUING EDUCATION SUPPORT.

    Expenses $1,843,354 · Grants $736,927

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bill Hancock

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mary Korpi

    PRESIDENT -ELECT

    Total calculated
    $0
    Hours/week
    2

  • Marc Herpfer

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Matt Blattman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jayson Ripke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Courtney Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Justin Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ravi Ravishankar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mick Routledge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David L Kanagy

    EXECUTIVE DIRECTOR

    Total calculated
    $663,915
    From this org
    $617,742
    From related orgs
    $0
    Other
    $46,173
    Hours/week
    45 + 10 related

    Schedule J breakdown matched by us

    Base
    $516,173
    Bonus
    $101,569
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $22,023
    Filer's total
    $663,915

  • Melanie Penoyar-Perez

    CHIEF OPERATING OFFICER

    Total calculated
    $269,725
    From this org
    $236,040
    From related orgs
    $0
    Other
    $33,685
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $206,640
    Bonus
    $29,400
    Other
    $0
    Deferred
    $14,751
    Nontaxable benefits
    $18,934
    Filer's total
    $269,725

  • Michelle Hegarty

    CHIEF FINANCIAL OFFICER

    Total calculated
    $51,558
    From this org
    $48,503
    From related orgs
    $0
    Other
    $3,055
    Hours/week
    45 + 5 related

  • Corinne Knasinski

    DIRECTOR OF MEETINGS

    Total calculated
    $224,580
    From this org
    $179,807
    From related orgs
    $0
    Other
    $44,773
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,407
    Bonus
    $20,400
    Other
    $0
    Deferred
    $11,955
    Nontaxable benefits
    $32,818
    Filer's total
    $224,580

  • Karin Harrington

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $208,029
    From this org
    $184,969
    From related orgs
    $0
    Other
    $23,060
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,869
    Bonus
    $23,100
    Other
    $0
    Deferred
    $11,590
    Nontaxable benefits
    $11,470
    Filer's total
    $208,029

  • Tara Davis

    DIRECTOR OF PROGRAMMING

    Total calculated
    $204,019
    From this org
    $171,847
    From related orgs
    $0
    Other
    $32,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,007
    Bonus
    $18,840
    Other
    $0
    Deferred
    $11,034
    Nontaxable benefits
    $21,138
    Filer's total
    $204,019

  • Shalea Bucheit Hardison

    DIRECTOR OF MARKETING

    Total calculated
    $171,136
    From this org
    $150,290
    From related orgs
    $0
    Other
    $20,846
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,490
    Bonus
    $16,800
    Other
    $0
    Deferred
    $9,531
    Nontaxable benefits
    $11,315
    Filer's total
    $171,136

  • Emma Salditt

    MANAGER OF PARTNERSHIP DEVELOPMENT

    Total calculated
    $156,316
    From this org
    $138,934
    From related orgs
    $0
    Other
    $17,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $86,699
    Bonus
    $52,235
    Other
    $0
    Deferred
    $6,279
    Nontaxable benefits
    $11,103
    Filer's total
    $156,316

  • Michelle Kroeger

    CHIEF FINANCIAL OFFICER (THRU MAY 2024)

    Total calculated
    $111,114
    From this org
    $101,424
    From related orgs
    $0
    Other
    $9,690
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $74,124
    Bonus
    $27,300
    Other
    $0
    Deferred
    $5,303
    Nontaxable benefits
    $4,387
    Filer's total
    $111,114

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE EXECUTIVE DIRECTOR USES FIRST CLASS OR BUSINESS TRAVEL ONLY ON FLIGHTS GREATER THAN EIGHT HOURS, AND HIS SPOUSE ACCOMPANIES HIM ON SELECT TRAVEL AT THE REQUEST OF THE SME PRESIDENT. THESE EXPENSES ARE TREATED AS ORDINARY AND NECESSARY BUSINESS EXPENSES AND ARE THEREFORE NOT INCLUDED IN TAXABLE INCOME.
PART I, LINE 7
THE ORGANIZATION MADE NONFIXED PAYMENTS IN THE FORM OF DISCRETIONARY BONUSES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ONEMINE INC

    501(C)(3) · RESEARCH · CO · controlled entity

    Directly controlled by SOCIETY FOR MINING METALLURGY AND EXPLORATION

  • SME FOUNDATION

    501(C)(3) · RESEARCH · CO · controlled entity

    Directly controlled by SOCIETY FOR MINING METALLURGY AND EXPLORATION

Provenance

Return type
form_990
Tax year
2024
Filed
11 August 2026
IRS schema version
2024v5.5
Source object
202632249349302333

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