Form 990 for tax year 2022
Filed by SOCIETY OF NAVAL ARCHITECTS AND MARINE ENGINEERS.
Totals
- Total revenue
- $1,041,435
- Total expenses
- $3,007,993
- Contributions and grants received
- $29,032
- Grants paid
- $142,143
- Program service revenue
- $1,888,568
- Investment income
- -$1,152,866
- Other revenue
- $276,701
- Total assets, end of year
- $19,225,026
- Total liabilities, end of year
- $2,135,745
- Net assets or fund balances, end of year
- $17,089,281
- Program services expenses (Part IX)
- $2,029,463
- Management and general expenses
- $978,530
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,029,463
Program services were 67.5% 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
$29,032
-
2a · Program service revenue: FUNCTIONS, CONFERENCES, MEETINGS
total $1,189,139 · related or exempt $1,189,139
-
2b · Program service revenue: MEMBERSHIP DUES
total $508,795 · related or exempt $508,795
-
2c · Program service revenue: PUBLICATIONS
total $190,634 · related or exempt $190,634
-
3 · Investment income
total $319,895 · excluded $319,895
-
5 · Royalties
total $19,000 · excluded $19,000
-
7a · Gross sales of assets other than inventory
securities $3,805,118
-
7b · Less cost or other basis and sales expenses
securities $5,277,879
-
7c · Gain or loss
securities -$1,472,761
-
7d · Net gain or loss
total -$1,472,761 · excluded -$1,472,761
-
11a · Other revenue: CONTRACT REVENUE
total $165,000 · excluded $165,000
-
11b · Other revenue: ADVERTISING
total $65,607 · unrelated business $65,607
-
11c · Other revenue: MISC. SECTION REVENUE
total $26,658 · excluded $26,658
-
11d · All other revenue
total $436 · excluded $436
-
11e · Other revenue, total
$257,701
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $114,143 · program services $114,143
-
3 · Grants to foreign organizations and individuals
total $28,000 · program services $28,000
-
5 · Compensation of officers, directors and key employees
total $387,758 · program services $213,468 · management and general $174,290
-
7 · Other salaries and wages
total $431,475 · program services $189,927 · management and general $241,548
-
8 · Pension plan contributions
total $2,188 · program services $2,007 · management and general $181
-
9 · Other employee benefits
total $57,042 · program services $21,416 · management and general $35,626
-
10 · Payroll taxes
total $43,300 · program services $26,586 · management and general $16,714
-
11b · Fees: legal
total $4,249 · management and general $4,249
-
11c · Fees: accounting
total $39,110 · management and general $39,110
-
11f · Fees: investment management
total $84,699 · management and general $84,699
-
11g · Fees: other
total $271,027 · program services $250,102 · management and general $20,925
-
12 · Advertising and promotion
total $26,102 · management and general $26,102
-
13 · Office expenses
total $99,926 · program services $28,294 · management and general $71,632
-
14 · Information technology
total $214,684 · program services $131,816 · management and general $82,868
-
16 · Occupancy
total $172,989 · program services $106,213 · management and general $66,776
-
17 · Travel
total $59,586 · program services $59,586
-
19 · Conferences, conventions and meetings
total $388,129 · program services $364,234 · management and general $23,895
-
22 · Depreciation, depletion and amortization
total $143,400 · program services $88,047 · management and general $55,353
-
24a · Other expenses: PRODUCTION, PRINTING, E
total $377,435 · program services $377,435
-
24b · Other expenses: SECTION EXPENSES
total $43,722 · program services $28,189 · management and general $15,533
-
24c · Other expenses: AWARDS AND MEDALS
total $19,029 · management and general $19,029
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $692,210 · end of year $384,294
-
2 · Savings and temporary cash investments
beginning of year $334,773 · end of year $858,752
-
3 · Pledges and grants receivable
beginning of year $46,828
-
4 · Accounts receivable
end of year $31,111
-
8 · Inventories for sale or use
beginning of year $75,614 · end of year $72,997
-
9 · Prepaid expenses and deferred charges
beginning of year $142,807 · end of year $245,077
-
10a · Land, buildings and equipment: cost or other basis
$1,449,157
-
10b · Land, buildings and equipment: accumulated depreciation
$1,081,811
-
10c · Land, buildings and equipment, net
beginning of year $505,615 · end of year $367,346
-
11 · Investments: publicly traded securities
beginning of year $15,066,835 · end of year $15,952,009
-
15 · Other assets
beginning of year $1,371,543 · end of year $1,313,440
-
17 · Accounts payable and accrued expenses
beginning of year $175,224 · end of year $258,950
-
19 · Deferred revenue
beginning of year $657,152 · end of year $501,619
-
25 · Other liabilities
beginning of year $1,513,870 · end of year $1,375,176
-
27 · Net assets without donor restrictions
beginning of year $14,377,808 · end of year $15,310,859
-
28 · Net assets with donor restrictions
beginning of year $1,512,171 · end of year $1,778,422
Mission and programs · 2022
Mission
THE MISSION OF THE SOCIETY IS TO ADVANCE THE ART, SCIENCE AND PRACTICE OF NAVAL ARCHITECTURE, MARINE ENGINEERING, OCEAN ENGINEERING AND OTHER MARINE-RELATED PROFESSIONS THROUGH:* THE GLOBAL EXCHANGE OF KNOWLEDGE AND IDEAS RELATIVE TO THE MARINE INDUSTRY* EDUCATION IN ENGINEERING AS IT RELATES TO THE MARINE INDUSTRY* ENCOURAGING AND SPONSORING RESEARCH AND DEVELOPMENT IN NAVAL ARCHITECTURE, MARINE ENGINEERING, OCEAN ENGINEERING AND OTHER MARINE FIELDS.
Activities or mission (Part I)
TO ADVANCE NAVAL ARCHITECTURE, MARINE AND OCEAN ENGINEERING, AND OTHER MARINE-RELATED PROFESSIONS.
-
PUBLICATIONS: SOCIETY MEMBERS HAVE WRITTEN AND PUBLISHED MILLIONS OF PAGES OF ORIGINAL RESEARCH, TECHNICAL PAPERS, BOOKS AND OTHER CONTENT. ESTABLISHING SNAME AS A WORLD-WIDE LEADER IN THE ADVANCEMENT OF NAVAL ARCHITECTURE AND MARINE ENGINEERING.
Expenses $817,738 · Grants $28,429 · Revenue $190,634
-
FUNCTIONS AND MEETING: SNAME HOSTS OR SPONSORS HUNDREDS OF EVENTS EVERY YEAR, FROM THE ANNUAL SNAME MARITIME CONVENTION (SMC), OTC (OFFSHORE TECHNOLOGY CONFERENCE) TO INTERNATIONAL SYMPOSIA TO SECTION GATHERINGS. EVENTS OFFER VENUES NETWORKING AND FELLOWSHIP AND REGULARLY FEATURE STATE OF THE ART TECHNICAL PRESENTATIONS AND OTHER LEARNING OPPORTUNITIES.
Expenses $745,181 · Revenue $1,189,139
-
MEMBERSHIP: SNAME, FORMED IN 1893 TO SERVE NAVAL ARCHITECTS AND MARINE ENGINEERS, HAS EVOLVED OVER THE YEARS TO SERVE THE FULL SPECTRUM OF THE VESSEL LIFE CYCLE, INCLUDING: STUDENTS - EDUCATORS & RESEARCHERS - ENGINEERS & DESIGNERS -SHIPBUILDERS - MANUFACTURERS - OPERATORS - RECYCLERS & SALVORS.
Expenses $466,544 · Grants $113,714 · Revenue $508,795
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rick S SpauldingRICK S SPAULDING
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Gilbert G RomanoGILBERT G ROMANO
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Andrew Martin KendrickANDREW MARTIN KENDRICK
PAST PRESIDENT 1
- Total calculated
- $0
- Hours/week
- 2
-
Suzanne M BeckstofferSUZANNE M BECKSTOFFER
PAST PRESIDENT 2
- Total calculated
- $0
- Hours/week
- 2
-
Martin ToyenMARTIN TOYEN
PAST PRESIDENT 3
- Total calculated
- $0
- Hours/week
- 2
-
Matthew D ColletteMATTHEW D COLLETTE
FVP - EDUCATION
- Total calculated
- $0
- Hours/week
- 2
-
James H MillerJAMES H MILLER
COMMITTEE CHAIR - ABET COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Justin R KlagJUSTIN R KLAG
COMMITTEE CHAIR - PE LICENSURE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
David S ChapmanDAVID S CHAPMAN
COMMITTEE CHAIR - SCHOLARSHIP COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Paul J RodenPAUL J RODEN
FVP - FINANCE
- Total calculated
- $0
- Hours/week
- 2
-
Richard A MuellerRICHARD A MUELLER
COMMITTEE CHAIR - AUDIT COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Frederick GordonFREDERICK GORDON
COMMITTEE CHAIR - INVESTMENT COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Amand David StAMAND DAVID ST
COMMITTEE CHAIR - PENSION COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Craig Albert TulkCRAIG ALBERT TULK
FVP - KNOWLEDGE MANAGEMENT
- Total calculated
- $0
- Hours/week
- 2
-
Peter G NoblePETER G NOBLE
COMMITTEE CHAIR - (MT) COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
H Paul CojeenH PAUL COJEEN
COMMITTEE CHAIR - FEATURED PAPERS COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Philip C KoenigPHILIP C KOENIG
COMMITTEE CHAIR - JSPD COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Thomas C FuTHOMAS C FU
COMMITTEE CHAIR - JSR COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ignazio Maria ViolaIGNAZIO MARIA VIOLA
COMMITTEE CHAIR - JST COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Glenn E WaltersGLENN E WALTERS
FVP - MEMBERSHIP
- Total calculated
- $0
- Hours/week
- 2
-
Justin M ChinJUSTIN M CHIN
COMMITTEE CHAIR - AWARDS COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
John KokarakisJOHN KOKARAKIS
COMMITTEE CHAIR - FELLOWS COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
William ChampagneWILLIAM CHAMPAGNE
COMMITTEE CHAIR - MEMBERSHIP COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Nick HunterNICK HUNTER
COMMITTEE CHAIR - SECTIONS COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dimitrios DikosDIMITRIOS DIKOS
COMMITTEE CHAIR - SSC COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jack BonoliJACK BONOLI
COMMITTEE CHAIR - YOUNG PROFESSIONALS COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Donald D BurrisDONALD D BURRIS
FVP - PLANNING
- Total calculated
- $0
- Hours/week
- 2
-
Katherine L BeaumontKATHERINE L BEAUMONT
COMMITTEE CHAIR - PLANNING COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Zachary SchrammZACHARY SCHRAMM
COMMITTEE CHAIR - SMC COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
John C DaidolaJOHN C DAIDOLA
FVP - TECHNICAL AND RESEARCH
- Total calculated
- $0
- Hours/week
- 2
-
William M HaydenWILLIAM M HAYDEN
COMMITTEE CHAIR - T&R - ENVIRONMENT COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
William H GarzkeWILLIAM H GARZKE
COMMITTEE CHAIR - T&R - FORENSICS COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Roger I BasuROGER I BASU
COMMITTEE CHAIR - T&R - HULL STRUCTURE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Adrian S OnasADRIAN S ONAS
COMMITTEE CHAIR - T&R - HYDRO COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Alberto C MorandiALBERTO C MORANDI
COMMITTEE CHAIR - T&R - OFFSHORE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Robert G KeaneROBERT G KEANE
COMMITTEE CHAIR - T&R - SHIP DESIGN COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Richard D DelpizzoRICHARD D DELPIZZO
COMMITTEE CHAIR - T&R - SHIPS' MACHINERY COMMITTE
- Total calculated
- $0
- Hours/week
- 2
-
Christopher D BarryCHRISTOPHER D BARRY
COMMITTEE CHAIR - T&R - SMALL CRAFT COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Thomas F PerrineTHOMAS F PERRINE
COMMITTEE CHAIR -T&R - SHIP PRODUCTION COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dan HanesDAN HANES
SRVP - ATLANTIC SOUTH
- Total calculated
- $0
- Hours/week
- 2
-
Carlos A P Guedes SoaresCARLOS A P GUEDES SOARES
SRVP - INTERNATIONAL
- Total calculated
- $0
- Hours/week
- 2
-
Timothy W GlinatsisTIMOTHY W GLINATSIS
SRVP - PACIFIC
- Total calculated
- $0
- Hours/week
- 2
-
George O WilliamsGEORGE O WILLIAMS
JRVP - ATLANTIC NORTH
- Total calculated
- $0
- Hours/week
- 2
-
Margaret Grace NateMARGARET GRACE NATE
JRVP - ATLANTIC SOUTH
- Total calculated
- $0
- Hours/week
- 2
-
Mimosa MillerMIMOSA MILLER
JRVP - CENTRAL & GULF
- Total calculated
- $0
- Hours/week
- 2
-
Keith LilleyKEITH LILLEY
JRVP - INTERNATIONAL
- Total calculated
- $0
- Hours/week
- 2
-
Brad W LorantBRAD W LORANT
JRVP - PACIFIC
- Total calculated
- $0
- Hours/week
- 2
-
Frank G BerchaFRANK G BERCHA
SECTION CHAIR - ARCTIC
- Total calculated
- $0
- Hours/week
- 2
-
Jason C ColeJASON C COLE
SECTION CHAIR - CANADIAN ATLANTIC
- Total calculated
- $0
- Hours/week
- 2
-
Dan Eric McGreerDAN ERIC MCGREER
SECTION CHAIR - CANADIAN PACIFIC
- Total calculated
- $0
- Hours/week
- 2
-
Martin MaccorquodaleMARTIN MACCORQUODALE
SECTION CHAIR - EASTERN CANADIAN
- Total calculated
- $0
- Hours/week
- 2
-
Susan Partin NosteSUSAN PARTIN NOSTE
SECTION CHAIR - GULF
- Total calculated
- $0
- Hours/week
- 2
-
Michael Joseph ReilleyMICHAEL JOSEPH REILLEY
SECTION CHAIR - HAMPTON ROADS
- Total calculated
- $0
- Hours/week
- 2
-
Bruno DionisiBRUNO DIONISI
SECTION CHAIR - ITALIAN
- Total calculated
- $0
- Hours/week
- 2
-
Sandra Janina WymanSANDRA JANINA WYMAN
SECTION CHAIR - NEW ENGLAND
- Total calculated
- $0
- Hours/week
- 2
-
Ernie W ChangERNIE W CHANG
SECTION CHAIR - NORTHERN CALIFORNIA
- Total calculated
- $0
- Hours/week
- 2
-
Anthony D NigroANTHONY D NIGRO
SECTION CHAIR - NY METROPOLITAN
- Total calculated
- $0
- Hours/week
- 2
-
Josh S HorstJOSH S HORST
SECTION CHAIR - PACIFIC NORTHWEST
- Total calculated
- $0
- Hours/week
- 2
-
Matthew EayreMATTHEW EAYRE
SECTION CHAIR - PHILADELPHIA
- Total calculated
- $0
- Hours/week
- 2
-
Shawn HendersonSHAWN HENDERSON
SECTION CHAIR - SOUTHEAST SECTION
- Total calculated
- $0
- Hours/week
- 2
-
Isabelle BrownISABELLE BROWN
SECTION CHAIR - SOUTHWEST SECTION
- Total calculated
- $0
- Hours/week
- 2
-
Meg Alysse DowlingMEG ALYSSE DOWLING
SECTION CHAIR - TEXAS
- Total calculated
- $0
- Hours/week
- 2
-
P J AjithP J AJITH
SECTION CHAIR - UNITED ARAB EMERITES UAE
- Total calculated
- $0
- Hours/week
- 2
-
Valerie HutnanVALERIE HUTNAN
EXECUTIVE DIRECTOR
- Total calculated
- $155,751
- From this org
- $150,543
- From related orgs
- $0
- Other
- $5,208
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,543
- Bonus
- $5,000
- Other
- $0
- Deferred
- $4,366
- Nontaxable benefits
- $842
- Filer's total
- $155,751
-
Michael AshmanMICHAEL ASHMAN
DIRECTOR OF FINANCE
- Total calculated
- $108,764
- From this org
- $97,935
- From related orgs
- $0
- Other
- $10,829
- Hours/week
- 40
-
Cindy SloneCINDY SLONE
DIRECTOR OF EVENTS & MBR
- Total calculated
- $127,911
- From this org
- $101,662
- From related orgs
- $0
- Other
- $26,249
- Hours/week
- 40
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
- 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 7
- MERIT BASED BONUS.
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411209349300936
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