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Nonprofiteer
← SOCIETY FOR HUMAN RESOURCE MANAGEMENT

Form 990 for tax year 2023

Filed by SOCIETY FOR HUMAN RESOURCE MANAGEMENT.

Totals

Total revenue
$198,684,537
Total expenses
$207,410,646
Contributions and grants received
$0
Grants paid
$318,967
Program service revenue
$187,654,283
Investment income
$2,964,023
Other revenue
$8,066,231
Total assets, end of year
$295,537,265
Total liabilities, end of year
$90,895,308
Net assets or fund balances, end of year
$204,641,957
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $68,974,499 · related or exempt $68,974,499

  • 2b · Program service revenue: SEMINARS

    total $54,204,466 · related or exempt $54,204,466

  • 2c · Program service revenue: CONFERENCES

    total $32,997,735 · related or exempt $32,997,735

  • 2d · Program service revenue: CERTIFICATION PROGRAM

    total $15,722,705 · related or exempt $15,722,705

  • 2e · Program service revenue: ADVERTISING

    total $15,754,878 · related or exempt $7,402,166 · unrelated business $8,352,712

  • 3 · Investment income

    total $2,753,916 · unrelated business -$125,961 · excluded $2,879,877

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $866,364 · excluded $866,364

  • 6a · Gross rents

    real property $1,529,885

  • 6b · Less rental expenses

    real property $1,019,368

  • 6c · Rental income or loss

    real property $510,517 · personal property $0

  • 6d · Net rental income or loss

    total $510,517 · excluded $510,517

  • 7a · Gross sales of assets other than inventory

    securities $210,107

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

    securities $0

  • 7c · Gain or loss

    securities $210,107

  • 7d · Net gain or loss

    total $210,107 · excluded $210,107

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $6,280,814

  • 10b · Cost of goods sold

    $8,464,602

  • 10c · Net income from sales of inventory

    total -$2,183,788 · unrelated business $209,654 · excluded -$2,393,442

  • 11a · Other revenue: MISCELLANEOUS

    total $8,873,138 · excluded $8,873,138

  • 11e · Other revenue, total

    $8,873,138

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $318,967

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $9,144,961

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $39,578,669

  • 8 · Pension plan contributions

    total $4,250,351

  • 9 · Other employee benefits

    total $5,329,457

  • 10 · Payroll taxes

    total $2,985,630

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $3,034,057

  • 11c · Fees: accounting

    total $1,124,281

  • 11d · Fees: lobbying

    total $1,200,580

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $436,812

  • 11g · Fees: other

    total $13,892,141

  • 12 · Advertising and promotion

    total $22,420,734

  • 13 · Office expenses

    total $12,047,629

  • 14 · Information technology

    total $20,182,368

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $5,681,375

  • 17 · Travel

    total $3,985,933

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $21,307,020

  • 20 · Interest

    total $74,520

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $9,342,726

  • 23 · Insurance

    total $935,548

  • 24a · Other expenses: FOOD & BEVERAGE

    total $2,643,752

  • 24b · Other expenses: LICENSES/DUES & SUBSCRIPTIONS

    total $2,400,744

  • 24c · Other expenses: TESTING FEES

    total $2,150,526

  • 24d · Other expenses: CHAPTER SUPPORT

    total $1,831,224

  • 24e · All other expenses

    total $21,110,641

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,330,515 · end of year $2,696,245

  • 2 · Savings and temporary cash investments

    beginning of year $167,755 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $11,844,996 · end of year $10,641,187

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $699,428 · end of year $1,174,219

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,430,270 · end of year $16,090,677

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

    $111,294,119

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

    $63,293,144

  • 10c · Land, buildings and equipment, net

    beginning of year $40,030,320 · end of year $48,000,975

  • 11 · Investments: publicly traded securities

    beginning of year $72,847,594 · end of year $97,109,125

  • 12 · Investments: other securities

    beginning of year $104,003,033 · end of year $100,091,674

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $15,713,274 · end of year $19,733,163

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,309,534 · end of year $12,337,048

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $60,067,910 · end of year $64,148,577

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $6,500,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $17,170,280 · end of year $14,409,683

  • 27 · Net assets without donor restrictions

    beginning of year $167,019,461 · end of year $204,641,957

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

SHRM EMPOWERS PEOPLE AND WORKPLACES BY ADVANCING HR PRACTICES AND BY MAXIMIZING HUMAN POTENTIAL.

Activities or mission (Part I)

SHRM'S MISSION IS TO SERVE THE NEEDS OF HUMAN RESOURCE PROFESSIONALS.

  • SEMINARS AND EDUCATIONAL PROGRAMS: SHRM PROVIDES VARIOUS FORUMS AND PRODUCTS TO HELP EDUCATE HUMAN RESOURCE PROFESSIONALS, DISSEMINATE INFORMATION ON HUMAN RESOURCE ISSUES AND PROVIDE A NETWORKING FORUM FOR SUCH PROFESSIONALS.

  • MEMBERSHIP SERVICES: SHRM PROVIDES GLOBAL BEST PRACTICES, TRENDS, RESEARCH RESULTS, AND TOOLS TO HUMAN RESOURCE PROFESSIONALS.

  • GOVERNMENT AND PUBLIC AFFAIRS: SHRM MONITORS CONGRESSIONAL ACTIONS THAT IMPACT HUMAN RESOURCE MANAGEMENT ISSUES AND REPRESENTS MEMBERS' POSITIONS ON PENDING LEGISLATION AND REGULATORY ISSUES.

As filed on the 2023 return.

Listed in Part VII

  • Johnny C Taylor Jr

    SHRM-SCP, PRESIDENT & CEO

    Total calculated
    $3,640,555
    From this org
    $3,510,928
    From related orgs
    $0
    Other
    $129,627
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,178,506
    Bonus
    $2,330,000
    Other
    $2,422
    Deferred
    $103,230
    Nontaxable benefits
    $26,397
    Filer's total
    $3,640,555

  • Emily M Dickens JD

    SECRETARY, CHIEF OF STAFF.

    Total calculated
    $1,144,797
    From this org
    $1,073,029
    From related orgs
    $0
    Other
    $71,768
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $395,600
    Bonus
    $670,967
    Other
    $6,462
    Deferred
    $58,799
    Nontaxable benefits
    $12,969
    Filer's total
    $1,144,797

  • Nicholas Schacht Shrm-Scp

    CHIEF COMMERCIAL OFFICER

    Total calculated
    $877,010
    From this org
    $696,981
    From related orgs
    $0
    Other
    $180,029
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $407,650
    Bonus
    $283,100
    Other
    $6,231
    Deferred
    $154,216
    Nontaxable benefits
    $25,813
    Filer's total
    $877,010

  • Jim Link Shrm-Scp

    CHRO

    Total calculated
    $867,130
    From this org
    $722,320
    From related orgs
    $0
    Other
    $144,810
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $343,821
    Bonus
    $370,000
    Other
    $8,499
    Deferred
    $110,084
    Nontaxable benefits
    $34,726
    Filer's total
    $867,130

  • Sean P Roddy CPA

    TREASURER & CFO

    Total calculated
    $816,563
    From this org
    $797,605
    From related orgs
    $0
    Other
    $18,958
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $388,821
    Bonus
    $400,000
    Other
    $8,784
    Deferred
    $10,208
    Nontaxable benefits
    $8,750
    Filer's total
    $816,563

  • Michael Aitken

    CHIEF MEMBERSHIP OFFICER

    Total calculated
    $757,177
    From this org
    $600,835
    From related orgs
    $0
    Other
    $156,342
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,121
    Bonus
    $300,000
    Other
    $3,714
    Deferred
    $122,966
    Nontaxable benefits
    $33,376
    Filer's total
    $757,177

  • James Banks Jr JD

    GENERAL COUNSEL(THRU 6/2023)

    Total calculated
    $710,847
    From this org
    $495,670
    From related orgs
    $0
    Other
    $215,177
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,881
    Bonus
    $175,000
    Other
    $158,789
    Deferred
    $194,989
    Nontaxable benefits
    $20,188
    Filer's total
    $710,847

  • George Rivera

    SVP, SHRM ENTERPRISE SOLUTIONS

    Total calculated
    $691,102
    From this org
    $652,069
    From related orgs
    $0
    Other
    $39,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,211
    Bonus
    $375,260
    Other
    $6,598
    Deferred
    $26,056
    Nontaxable benefits
    $12,977
    Filer's total
    $691,102

  • Alexander Alonso PhD

    CHIEF KNOWLEDGE OFFICER

    Total calculated
    $611,357
    From this org
    $530,951
    From related orgs
    $0
    Other
    $80,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,321
    Bonus
    $192,600
    Other
    $6,030
    Deferred
    $46,680
    Nontaxable benefits
    $33,726
    Filer's total
    $611,357

  • Kristina M Beaty

    CHIEF MKT & EXP OFFICER

    Total calculated
    $574,425
    From this org
    $497,817
    From related orgs
    $0
    Other
    $76,608
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,995
    Bonus
    $186,000
    Other
    $5,822
    Deferred
    $44,633
    Nontaxable benefits
    $31,975
    Filer's total
    $574,425

  • Tim Canny

    VP, ADVERTISING SALES

    Total calculated
    $542,140
    From this org
    $307,861
    From related orgs
    $0
    Other
    $234,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,200
    Bonus
    $94,200
    Other
    $5,461
    Deferred
    $206,131
    Nontaxable benefits
    $28,148
    Filer's total
    $542,140

  • Jeanne L Morris

    SVP, CONSUMER PRODUCTS

    Total calculated
    $457,164
    From this org
    $325,448
    From related orgs
    $0
    Other
    $131,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,647
    Bonus
    $122,850
    Other
    $1,951
    Deferred
    $119,537
    Nontaxable benefits
    $12,179
    Filer's total
    $457,164

  • Annmarie Schaefer

    VP, RESEARCH

    Total calculated
    $444,747
    From this org
    $323,526
    From related orgs
    $0
    Other
    $121,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,654
    Bonus
    $122,200
    Other
    $1,672
    Deferred
    $108,100
    Nontaxable benefits
    $13,121
    Filer's total
    $444,747

  • Jane Hadley

    VP, CONTROLLER

    Total calculated
    $366,699
    From this org
    $326,544
    From related orgs
    $0
    Other
    $40,155
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,103
    Bonus
    $102,921
    Other
    $520
    Deferred
    $28,383
    Nontaxable benefits
    $11,772
    Filer's total
    $366,699

  • Betty Thompson Shrm-Scp

    CHAIR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • James Clark

    DIRECTOR

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • William Phelan

    DIRECTOR

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Elizabeth Adefioye

    DIRECTOR

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Mandy Woulfe Shrm-Scp

    DIRECTOR

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Nilanjan Adhya

    DIRECTOR

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Paula Harvey Shrm-Scp

    DIRECTOR

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Scott Snell PhD

    DIRECTOR

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Valerie Vargas

    DIRECTOR

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Michael D'Ambrose Shrm-Scp

    DIRECTOR

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Melissa Anderson Shrm-Cp

    IMMEDIATE PAST CHAIR

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Susana Suarez Gonzalez PhD

    DIRECTOR

    Total calculated
    $26,250
    From this org
    $26,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

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
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A:
IT IS SHRM'S POLICY TO ALLOW BUSINESS CLASS TRAVEL TO ANY EMPLOYEE FLYING INTERNATIONALLY OR FLYING 5 HOURS OR LONGER. ALL MEMBERS OF THE BOARD OF DIRECTORS ARE PERMITTED TO FLY BUSINESS/FIRST CLASS. COMPANION TRAVEL IS PERMITTED FOR BOARD OF DIRECTORS SERVING AS CHAIR OR IMMEDIATE PAST CHAIR. SHRM ALSO PAID PERSONAL HEALTH-RELATED FEES AND A CAR ALLOWANCE FOR 1 OFFICER AND GROSS-UP TAX PAYMENTS FOR ALL KEY EMPLOYEES AS PART OF SHRM'S BIRTHDAY GIFT PROGRAM TO ALL EMPLOYEES.
SCHEDULE J, PART I, LINE 4A:
JAMES BANKS RECEIVED $155,360 OF SEVERANCE IN 2023. THE TERMS AND CONDITIONS ARE CONSISTENT WITH INDUSTRY STANDARDS.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PARAGONLABS LLC

    TECH INV · DE · assets $1,770,000

    Directly controlled by SHRM

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SHRM CORPORATION

    C CORP · ADVERTISING PROG · VA · 100% owned · share of income $2,540,086 · share of assets $6,189,831 · controlled entity

    Directly controlled by SHRM

  • SHRM EAST PRIVATE LIMITED

    C CORP · HR RESEARCH & ED · IN · 100% owned · share of income $8,038,125 · share of assets $2,904,519 · controlled entity

    Directly controlled by SHRM

  • SHRM MEA FZ-LLC

    C CORP · EDUCATIONAL PROG · AE · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SHRM CORP

  • LINKAGE INC

    C CORP · ORG DEVELOPMENT · MA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SHRM CORP

  • SHRM Arabia Company for Training

    LLC · TRAINING · SA · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by SHRM

Provenance

Return type
form_990
Tax year
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202422929349300937

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