Form 990 for tax year 2022

Totals

Total revenue

$254,709

Total expenses

$233,689

Contributions and grants received

$180,833

Grants paid

$0

Program service revenue

$892

Investment income

$72,984

Other revenue

$0

Total assets, end of year

$4,793,801

Total liabilities, end of year

$18,093

Net assets or fund balances, end of year

$4,775,708

Program services expenses (Part IX)

$182,716

Management and general expenses

$50,973

Fundraising expenses

$0

Program service expenses (Part III)

$182,716

Program services were 78.2% 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.

Mission and programs · 2022

• ORGANIZATIONAL ADOPTION OF NEW TECHNOLOGIES:THIS RESEARCH PROJECT ADDRESSES THE QUESTION OF WHY SOME COMPANIES ARE ABLE TO SUCCESSFULLY ADOPT AND IMPLEMENT NEW TECHNOLOGIES AND METHODS, WHILE OTHER COMPANIES STRUGGLE. THROUGH A NATIONAL SURVEY AND INTERVIEWS OF SMACNA CONTRACTORS, THE TOP 8 MOST EFFECTIVE TECHNOLOGY IMPLEMENTATION MANAGEMENT PRACTICES FOR ORGANIZATIONAL ADOPTION OF NEW TECHNOLOGIES WERE IDENTIFIED. PUBLICATION DATE: JULY 2022RESEARCHERS: UNIVERSITY OF KANSAS AND UNC - CHARLOTTE

• HUMAN DIMENSIONS ASSESSMENT OF TOP-PERFORMING PERSONNEL - PILOT STUDY:THIS RESEARCH PROJECT PILOTED A NATIONWIDE BENCHMARK OF HUMAN DIMENSIONS FOR PROJECT MANAGERS, FIELD LEADERS, ESTIMATORS, AND DETAILERS TO IDENTIFY WHAT IS "BEST-IN-CLASS" FOR THESE JOB FUNCTIONS. THE STUDY AIMS TO HELP SMACNA MEMBERS WITH HIRING NEW PERSONNEL, INTERNAL PROMOTION DECISIONS AND TALENT DEVELOPMENT. PUBLICATION DATE: SEPTEMBER 2022RESEARCHERS: ARIZONA STATE UNIVERSITY

• EFFECTIVE PROJECT CLOSE-OUT FOR HVAC/SHEET METAL CONTRACTORS: SUCCESSFUL PRACTICES GUIDE:THIS PROJECT INVESTIGATES DIFFERENT PROJECT CLOSE-OUT PROCESSES CURRENTLY UTILIZED BY VARIOUS HVAC AND SHEET METAL COMPANIES IN THE INDUSTRY. THROUGH A QUESTIONNAIRE AND INTERVIEWS COMPANIES' INTERNAL OPERATING PROCEDURES WERE DOCUMENTED AND EXAMINED TO IDENTIFY PROACTIVE ELEMENTS AND AREAS OF DELAY IN THE COMPANY'S INTERNAL CLOSE-OUT PROCESSES, INCLUDING:A. INTERNAL CLOSE-OUT PROCESSESB. INTERNAL PROJECT CONTROLSC. KEY COMMUNICATION PROTOCOLS(CONTINUED ON SCHEDULE O)D. DOCUMENT REQUIREMENTSE. USE OF TECHNOLOGY COMPLETION DATE: DECEMBER 2022PUBLICATION DATE: JANUARY 2023RESEARCHERS: CLEMSON UNIVERSITY

  Expenses $21,330

• THE CONTRACTOR'S PRACTICAL GUIDE ON TOOL MANAGEMENT SYSTEMS:GIVEN THE CRITICALITY OF TOOLS TO THE EVERYDAY TASKS OF ANY SHEET METAL AND HVAC CONTRACTING FIRM, AS WELL AS THE SIGNIFICANT DIRECT AND INDIRECT COSTS OF INADEQUATE AND LOST TOOLS AND THEIR REPLACEMENT, THERE IS A NEED FOR AN UP-TO-DATE AND PRACTICAL GUIDE THAT CONTRACTORS CAN EFFECTIVELY ADOPT TO INFORM THEIR TOOL MANAGEMENT.PROJECT AWARDED JANUARY 2022. EXPECTED PUBLICATION DATE: MARCH 2023RESEARCHERS: ARIZONA STATE UNIVERSITY

  Expenses $17,315

• MANAGING THE RISKS OF TODAY'S PROJECTS:OVER THE PAST TWO DECADES OWNERS OF CONSTRUCTION PROJECTS HAVE HAD A FOCUS ON COMPRESSING SCHEDULES FOR THEIR PROJECTS. AT THE SAME TIME, OWNERS ARE PUSHING FOR EARLIER COST CERTAINTY, MEANING CONTRACTORS ARE OFTEN EXPECTED TO COMMIT TO A CONTRACT COST AS EARLY AS DURING SCHEMATIC DESIGN. FINALLY, AS A RESULT OF THESE COMPRESSIONS OF SCHEDULE AND COST, DESIGN BUDGETS AND SCHEDULES HAVE CONCURRENTLY BEEN CUT, LEADING TO THE DELEGATION OF DESIGN TO TRADE CONTRACTORS. THIS LEAVES THE TRADE CONTRACTOR IN THE UNENVIABLE POSITION OF OWNING A GREAT DEAL MORE RISK THAN AT ANY TIME IN THE PAST. THIS STUDY WILL EXAMINE THESE PROJECT RISKS AND OFFER SOLUTIONS FOR MANAGING THEM.THIS PROJECT WAS APPROVED IN THE 4TH QUARTER 2020 BUT RESEARCH DID NOT BEGIN UNTIL THE 3RD QUARTER 2021 BECAUSE OF THE IMPACT OF COVID ON DATA COLLECTION.EXPECTED PUBLICATION DATE: MAY 2023RESEARCHER: FMI CORPORATION

  Expenses $83,783

• THE 2023 HVAC AND SHEET METAL INDUSTRY FUTURES STUDY UPDATE:THIS STUDY AIMS TO IDENTIFY THE POTENTIAL FUTURE STATE OF THE HVAC AND SHEET METAL INDUSTRY AND COMMUNICATE THE RESEARCH TO THE MEMBERSHIP. THIS MEANS: -IDENTIFYING PREVIOUS, CURRENT, AND ONGOING TRENDS THAT WILL ALLOW HVAC AND SHEET METAL SECTOR STAKEHOLDERS TO POSITION THEIR COMPANIES TO MANAGE AND CAPITALIZE ON RISKS AND OPPORTUNITIES;-DESCRIBING THE ENVISIONED FUTURE OF THE HVAC AND SHEET METAL INDUSTRY;-ENABLING THE INFORMATION TO BE OPERATIONALIZED SO COMPANIES CAN CREATE A LONG-TERM STRATEGY TO MANAGE AND SUCCEED IN THE FUTURE BUSINESS CLIMATE.PROJECT AWARDED AUGUST 2022. EXPECTED PUBLICATION DATE: JUNE 2023RESEARCHERS: MAXIM CONSULTING

  Expenses $60,288 · Revenue $892

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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.

• SM & AC CONTRACTOR'S NATIONAL ASSOCIATION

  501(C)(6) · ADVANCE SHEET METAL INDUSTRY · VA

Provenance

Return type

form_990

Tax year

2022

Filed

9 May 2023

IRS schema version

2022v5.0

Source object

202301299349303515

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