Form 990 for tax year 2023
Filed by SOCIETY OF NAVAL ARCHITECTS AND MARINE ENGINEERS.
Totals
- Total revenue
- $2,675,118
- Total expenses
- $2,726,809
- Contributions and grants received
- $236,217
- Grants paid
- $127,000
- Program service revenue
- $1,878,238
- Investment income
- $319,471
- Other revenue
- $241,192
- Total assets, end of year
- $21,286,343
- Total liabilities, end of year
- $1,771,993
- Net assets or fund balances, end of year
- $19,514,350
- Program services expenses (Part IX)
- $1,842,960
- Management and general expenses
- $883,849
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,842,960
Program services were 67.6% 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
$236,217
-
2a · Program service revenue: FUNCTIONS, CONFERENCES
total $1,218,349 · related or exempt $1,218,349
-
2b · Program service revenue: MEMBERSHIP DUES
total $510,369 · related or exempt $510,369
-
2c · Program service revenue: PUBLICATIONS
total $149,520 · related or exempt $149,520
-
3 · Investment income
total $319,471 · excluded $319,471
-
5 · Royalties
total $24,907 · excluded $24,907
-
11a · Other revenue: CONTRACT REVENUE
total $82,500 · excluded $82,500
-
11b · Other revenue: MISC. SECTION REVENUE
total $71,059 · excluded $71,059
-
11c · Other revenue: ADVERTISING
total $61,970 · unrelated business $61,970
-
11d · All other revenue
total $756 · excluded $756
-
11e · Other revenue, total
$216,285
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $117,000 · program services $117,000
-
3 · Grants to foreign organizations and individuals
total $10,000 · program services $10,000
-
5 · Compensation of officers, directors and key employees
total $163,947 · program services $78,118 · management and general $85,829
-
7 · Other salaries and wages
total $529,840 · program services $252,459 · management and general $277,381
-
8 · Pension plan contributions
total $9,755 · program services $4,191 · management and general $5,564
-
9 · Other employee benefits
total $35,990 · program services $15,428 · management and general $20,562
-
10 · Payroll taxes
total $40,753 · program services $17,507 · management and general $23,246
-
11b · Fees: legal
total $237 · management and general $237
-
11c · Fees: accounting
total $53,877 · management and general $53,877
-
11f · Fees: investment management
total $73,959 · management and general $73,959
-
11g · Fees: other
total $117,057 · program services $108,535 · management and general $8,522
-
12 · Advertising and promotion
total $36,997 · management and general $36,997
-
13 · Office expenses
total $104,272 · program services $40,149 · management and general $64,123
-
14 · Information technology
total $208,448 · program services $127,986 · management and general $80,462
-
16 · Occupancy
total $173,302 · program services $106,407 · management and general $66,895
-
17 · Travel
total $43,975 · program services $43,975
-
19 · Conferences, conventions and meetings
total $495,203 · program services $451,106 · management and general $44,097
-
22 · Depreciation, depletion and amortization
total $84,166 · program services $51,678 · management and general $32,488
-
24a · Other expenses: PRODUCTION, PRINTING, E
total $318,353 · program services $318,353
-
24b · Other expenses: SECTION EXPENSES
total $100,068 · program services $100,068
-
24c · Other expenses: AWARDS AND MEDALS
total $9,610 · management and general $9,610
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $384,294 · end of year $744,257
-
2 · Savings and temporary cash investments
beginning of year $858,752 · end of year $319,136
-
4 · Accounts receivable
beginning of year $31,111 · end of year $95,068
-
8 · Inventories for sale or use
beginning of year $72,997 · end of year $70,825
-
9 · Prepaid expenses and deferred charges
beginning of year $245,077 · end of year $140,564
-
10a · Land, buildings and equipment: cost or other basis
$1,449,156
-
10b · Land, buildings and equipment: accumulated depreciation
$1,165,978
-
10c · Land, buildings and equipment, net
beginning of year $367,346 · end of year $283,178
-
11 · Investments: publicly traded securities
beginning of year $15,952,009 · end of year $18,278,092
-
15 · Other assets
beginning of year $1,313,440 · end of year $1,355,223
-
17 · Accounts payable and accrued expenses
beginning of year $258,950 · end of year $202,082
-
19 · Deferred revenue
beginning of year $501,619 · end of year $335,996
-
25 · Other liabilities
beginning of year $1,375,176 · end of year $1,233,915
-
27 · Net assets without donor restrictions
beginning of year $15,310,859 · end of year $17,735,928
-
28 · Net assets with donor restrictions
beginning of year $1,778,422 · end of year $1,778,422
Mission and programs · 2023
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 $590,429 · Grants $25,400 · Revenue $149,520
-
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 $855,611 · Revenue $1,218,349
-
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 $396,920 · Grants $101,600 · Revenue $510,369
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rick SpauldingRICK SPAULDING
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Richard MuellerRICHARD MUELLER
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 2
-
Andrew KendrickANDREW KENDRICK
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Suzanne BeckstofferSUZANNE BECKSTOFFER
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Gil RomanoGIL ROMANO
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Matt ColletteMATT COLLETTE
FVP - EDUCATION
- Total calculated
- $0
- Hours/week
- 2
-
Ed StokesED STOKES
FVP - FINANCE
- Total calculated
- $0
- Hours/week
- 2
-
Craig TulkCRAIG TULK
FVP - KNOWLEDGE MANAGEMENT
- Total calculated
- $0
- Hours/week
- 2
-
Yousra AbdelhadyYOUSRA ABDELHADY
FVP - KNOWLEDGE MANAGEMENT ALTERNATE
- Total calculated
- $0
- Hours/week
- 2
-
Glenn WaltersGLENN WALTERS
FVP - MEMBERSHIP
- Total calculated
- $0
- Hours/week
- 2
-
Bill CowardinBILL COWARDIN
FVP - PLANNING
- Total calculated
- $0
- Hours/week
- 2
-
Barbara LambBARBARA LAMB
FVP - PLANNING ALTERNATE
- Total calculated
- $0
- Hours/week
- 2
-
John DaidolaJOHN DAIDOLA
FVP - TECHNICAL & RESEARCH
- Total calculated
- $0
- Hours/week
- 2
-
David HanschDAVID HANSCH
JRVP - ATLANTIC SOUTH
- Total calculated
- $0
- Hours/week
- 2
-
Matt UngerMATT UNGER
JRVP - CENTRAL & GULF
- Total calculated
- $0
- Hours/week
- 2
-
Rodrigo Perez FernandezRODRIGO PEREZ FERNANDEZ
JRVP - INTERNATIONAL
- Total calculated
- $0
- Hours/week
- 2
-
Zachary SchrammZACHARY SCHRAMM
JRVP - PACIFIC
- Total calculated
- $0
- Hours/week
- 2
-
George WilliamsGEORGE WILLIAMS
JRVP - ATLANTIC NORTH
- Total calculated
- $0
- Hours/week
- 2
-
Dimitrios DikosDIMITRIOS DIKOS
SSC - CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jack BonoliJACK BONOLI
YP - CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Theodoros KardarasTHEODOROS KARDARAS
YP - ALTERNATE
- Total calculated
- $0
- Hours/week
- 2
-
Valerie HutnanVALERIE HUTNAN
EXECUTIVE DIRECTOR
- Total calculated
- $166,341
- From this org
- $160,650
- From related orgs
- $0
- Other
- $5,691
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,650
- Bonus
- $0
- Other
- $0
- Deferred
- $4,820
- Nontaxable benefits
- $871
- Filer's total
- $166,341
-
Michael AshmanMICHAEL ASHMAN
FORMER FINANCE DIRECTOR
- Total calculated
- $69,566
- From this org
- $63,416
- From related orgs
- $0
- Other
- $6,150
- 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
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349307187
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