Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $9,425,731

• 2a · Program service revenue: MEMBERSHIP DUES

  total $3,232,118 · related or exempt $3,232,118

• 2b · Program service revenue: CONVENTIONS, SEMINARS AND TRAININ

  total $2,754,224 · related or exempt $2,754,224

• 2c · Program service revenue: PREMIER PARTNER PROGRAM

  total $420,614 · related or exempt $420,614

• 2d · Program service revenue: INDUSTRY FUND RESERVE

  total $208,761 · related or exempt $208,761

• 2e · Program service revenue: COUNCIL AND MANAGERS' FUNCTION

  total $75,451 · related or exempt $75,451

• 3 · Investment income

  total $603,418 · excluded $603,418

• 7a · Gross sales of assets other than inventory

  securities $1,535,826

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

  securities $1,858,822

• 7c · Gain or loss

  securities -$322,996

• 7d · Net gain or loss

  total -$322,996 · excluded -$322,996

• 10a · Gross sales of inventory

  $1,150,579

• 10b · Cost of goods sold

  $55,372

• 10c · Net income from sales of inventory

  total $1,095,207 · related or exempt $1,095,207

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $5,627 · related or exempt $5,627

• 11e · Other revenue, total

  $5,627

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $745,050

• 5 · Compensation of officers, directors and key employees

  total $2,092,086

• 7 · Other salaries and wages

  total $3,499,776

• 8 · Pension plan contributions

  total $278,639

• 9 · Other employee benefits

  total $587,853

• 10 · Payroll taxes

  total $360,966

• 11b · Fees: legal

  total $487,887

• 11c · Fees: accounting

  total $109,652

• 11f · Fees: investment management

  total $102,716

• 11g · Fees: other

  total $1,091,172

• 12 · Advertising and promotion

  total $47,384

• 13 · Office expenses

  total $233,655

• 14 · Information technology

  total $438,105

• 16 · Occupancy

  total $115,860

• 17 · Travel

  total $1,663,123

• 19 · Conferences, conventions and meetings

  total $3,155,699

• 20 · Interest

  total $7

• 22 · Depreciation, depletion and amortization

  total $95,118

• 23 · Insurance

  total $102,527

• 24a · Other expenses: OTHER PROJECT EXPENSES

  total $726,032

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $119,047

• 24c · Other expenses: ALLOCATED ADMIN EXPENSE

  total $89,221

• 24d · Other expenses: STAFF DEVELOPMENT

  total $39,096

• 24e · All other expenses

  total $111,730

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,506,663 · end of year $3,746,875

• 2 · Savings and temporary cash investments

  beginning of year $998,642 · end of year $1,160,318

• 4 · Accounts receivable

  beginning of year $17,099 · end of year $42,906

• 8 · Inventories for sale or use

  beginning of year $432,957 · end of year $450,573

• 9 · Prepaid expenses and deferred charges

  beginning of year $240,498 · end of year $508,514

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

  $6,007,283

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

  $4,281,718

• 10c · Land, buildings and equipment, net

  beginning of year $1,156,250 · end of year $1,725,565

• 11 · Investments: publicly traded securities

  beginning of year $18,520,374 · end of year $20,475,573

• 15 · Other assets

  beginning of year $568,755 · end of year $647,321

• 17 · Accounts payable and accrued expenses

  beginning of year $785,373 · end of year $1,401,711

• 19 · Deferred revenue

  beginning of year $257,710 · end of year $120,276

• 25 · Other liabilities

  beginning of year $368,559 · end of year $75,000

• 27 · Net assets without donor restrictions

  beginning of year $24,029,596 · end of year $27,160,658

The filer's explanations (Part III)

PART I, LINE 1A

SMACNA REIMBURSES ITS EXECUTIVE COMMITTEE MEMBERS AND THEIR SPOUSES TO FLY THE BOARD MEETING LOCATIONS.