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← SOCIETY FOR MINING METALLURGY AND EXPLORATION INC

Form 990 for tax year 2023

Filed by SOCIETY FOR MINING METALLURGY AND EXPLORATION INC.

Totals

Total revenue
$18,634,057
Total expenses
$16,642,185
Contributions and grants received
$1,882,781
Grants paid
$670,299
Program service revenue
$13,516,013
Investment income
$1,343,576
Other revenue
$1,891,687
Total assets, end of year
$41,310,190
Total liabilities, end of year
$6,986,076
Net assets or fund balances, end of year
$34,324,114
Program services expenses (Part IX)
$14,819,321
Management and general expenses
$1,567,789
Fundraising expenses
$255,075
Program service expenses (Part III)
$14,819,321

Program services were 89.0% 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

    $1,882,781

  • 2a · Program service revenue: MEETINGS & EXHIBITS

    total $11,899,128 · related or exempt $11,899,128

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $1,616,885 · related or exempt $1,616,885

  • 3 · Investment income

    total $1,072,959 · excluded $1,072,959

  • 5 · Royalties

    total $67,751 · excluded $67,751

  • 7a · Gross sales of assets other than inventory

    securities $5,187,424

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

    securities $4,916,807

  • 7c · Gain or loss

    securities $270,617

  • 7d · Net gain or loss

    total $270,617 · excluded $270,617

  • 10a · Gross sales of inventory

    $384,122

  • 10b · Cost of goods sold

    $186,352

  • 10c · Net income from sales of inventory

    total $197,770 · related or exempt $197,770

  • 11a · Other revenue: ADVERTISING

    total $1,189,993 · unrelated business $1,189,993

  • 11b · Other revenue: HOTEL REBATES

    total $167,930 · related or exempt $167,930

  • 11c · Other revenue: ADMINISTRATION FEES

    total $58,208 · related or exempt $58,208

  • 11d · All other revenue

    total $210,035 · excluded $210,035

  • 11e · Other revenue, total

    $1,626,166

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $612,299 · program services $612,299

  • 3 · Grants to foreign organizations and individuals

    total $58,000 · program services $58,000

  • 5 · Compensation of officers, directors and key employees

    total $1,123,235 · program services $977,214 · management and general $112,324 · fundraising $33,697

  • 7 · Other salaries and wages

    total $3,866,724 · program services $3,454,379 · management and general $347,475 · fundraising $64,870

  • 8 · Pension plan contributions

    total $243,283 · program services $217,340 · management and general $21,862 · fundraising $4,081

  • 9 · Other employee benefits

    total $550,782 · program services $492,047 · management and general $49,495 · fundraising $9,240

  • 10 · Payroll taxes

    total $355,598 · program services $317,677 · management and general $31,955 · fundraising $5,966

  • 11b · Fees: legal

    total $29,580 · management and general $29,580

  • 11c · Fees: accounting

    total $45,612 · management and general $45,612

  • 11f · Fees: investment management

    total $84,522 · management and general $84,522

  • 11g · Fees: other

    total $527,100 · program services $470,890 · management and general $47,367 · fundraising $8,843

  • 12 · Advertising and promotion

    total $218,338 · program services $195,055 · management and general $19,620 · fundraising $3,663

  • 13 · Office expenses

    total $867,228 · program services $774,747 · management and general $77,932 · fundraising $14,549

  • 14 · Information technology

    total $329,616 · program services $294,466 · management and general $29,620 · fundraising $5,530

  • 15 · Royalties

    total $7,768 · program services $7,768

  • 16 · Occupancy

    total $187,186 · program services $167,225 · management and general $16,821 · fundraising $3,140

  • 17 · Travel

    total $506,025 · program services $452,063 · management and general $45,473 · fundraising $8,489

  • 19 · Conferences, conventions and meetings

    total $4,354,751 · program services $3,890,363 · management and general $391,331 · fundraising $73,057

  • 22 · Depreciation, depletion and amortization

    total $327,599 · program services $292,664 · management and general $29,439 · fundraising $5,496

  • 24a · Other expenses: SECTIONS EXPENSE

    total $1,333,354 · program services $1,223,849 · management and general $109,505

  • 24b · Other expenses: BAD DEBT

    total $149,249 · program services $149,249

  • 24c · Other expenses: MEMBERSHIP AND SUBSCRIP

    total $104,282 · program services $93,162 · management and general $9,371 · fundraising $1,749

  • 24d · Other expenses: EMPLOYEE RELATIONS AND

    total $99,889 · program services $89,237 · management and general $8,976 · fundraising $1,676

  • 24e · All other expenses

    total $660,165 · program services $589,627 · management and general $59,509 · fundraising $11,029

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,114,926 · end of year $1,318,123

  • 2 · Savings and temporary cash investments

    beginning of year $3,021,357 · end of year $2,583,715

  • 4 · Accounts receivable

    beginning of year $849,593 · end of year $1,743,953

  • 8 · Inventories for sale or use

    beginning of year $1,463,619 · end of year $1,405,433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $419,110 · end of year $787,819

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

    $6,307,308

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

    $3,369,452

  • 10c · Land, buildings and equipment, net

    beginning of year $3,220,529 · end of year $2,937,856

  • 11 · Investments: publicly traded securities

    beginning of year $22,786,786 · end of year $29,111,753

  • 15 · Other assets

    beginning of year $1,118,827 · end of year $1,421,538

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,261,280 · end of year $2,707,232

  • 19 · Deferred revenue

    beginning of year $3,388,271 · end of year $3,658,986

  • 25 · Other liabilities

    beginning of year $623,948 · end of year $619,858

  • 27 · Net assets without donor restrictions

    beginning of year $22,290,897 · end of year $28,300,856

  • 28 · Net assets with donor restrictions

    beginning of year $6,430,351 · end of year $6,023,258

Mission and programs · 2023

Mission

SOCIETY FOR MINING, METALLURGY AND EXPLORATION (SME) SERVES THE MINING, RESOURCES AND UNDERGROUND CONSTRUCTION COMMUNITIES FOR A SUSTAINABLE FUTURE.

Activities or mission (Part I)

BUILDING A BETTER WORLD THROUGH MINING, METALLURGY AND UNDERGROUND CONSTRUCTION.

  • THE MINEXCHANGE 2024 SME ANNUAL CONFERENCE & EXPO WAS HELD IN PHOENIX, ARIZONA, FEBRUARY 23 - 26, 2024. THERE WERE 430+ PRESENTATIONS, 5 SHORT COURSES, 124 PAPERS, 103 SPONSORS, AND 584 EXHIBITING COMPANIES. ALMOST 7,000 INDIVIDUALS WERE IN ATTENDANCE, INCLUDING 544 STUDENTS AND 951 INTERNATIONAL ATTENDEES FROM 39 COUNTRIES. THE 2024 MINNESOTA CONFERENCE WAS HELD AT THE DULUTH ENTERTAINMENT CONFERENCE CENTER IN DULUTH, MINNESOTA ON APRIL 15-17, 2024. THE CONFERENCE WAS ATTENDED BY 963 INDIVIDUALS AND FEATURED TWO DAYS OF PROGRAMMING PLUS SHORT COURSES. THERE WERE 167 BOOTHS AND 35 SPONSORING COMPANIES. THE NORTH AMERICAN TUNNELING CONFERENCE WAS HELD JUNE 23-26 IN NASHVILLE TENNESSEE. DRAWING AN ATTENDANCE OF MORE THAN 1380 ATTENDEES, THE EVENT FEATURED A RECORD NUMBER OF REGISTRATIONS, A SOLD-OUT EXHIBIT HALL WITH 201 BOOTHS AND 29 SPONSORING COMPANIES. THE TECHNICAL PROGRAM FEATURED RICH EDUCATIONAL CONTENT, AND ATTENDEES WERE ABLE TO NETWORK AT FUNCTIONS SUCH AS THE OWNERS RECEPTION AND WOMEN IN TUNNELING BREAKFAST. SME'S MIDYEAR MEETING WAS HELD SEPTEMBER 21-23 IN LAS VEGAS, NEVADA. THE EVENT, HELD IN CONJUNCTION WITH MINEXPO, WAS HOSTED AT CAESARS PALACE. THE XXXI IMPC-LNTERNATIONAL MINERAL PROCESSING CONGRESS (IMPC) WAS HELD SEPTEMBER 29-OCTOBER 3 IN WASHINGTON, DC/NATIONAL HARBOR. SME HAS NOT HOSTED THE IMPC IN THE US SINCE 1995. ATTENDED BY 779 INDIVIDUALS, THE EVENT FEATURED FOUR DAYS OF TECHNICAL PROGRAMMING, POSTER SESSIONS, DAILY KEYNOTE SESSIONS AND SHORT COURSES. IMPC ALSO FEATURED A FIELD TRIP TO THE LUCK STONE BULL RUN QUARRY. IMPC 2024 HAD 11 SPONSORING COMPANIES AND 28 EXHIBIT BOOTHS.

    Expenses $9,166,385 · Revenue $12,125,266

  • MEMBERS ARE THE HEART OF SME, CONTRIBUTING TECHNICAL KNOWLEDGE, TALENT AND VOLUNTEER RESOURCES TO HELP THE ORGANIZATION ADVANCE. SME ENDED 2024 WITH OVER 14,600 MEMBERS. INTERNATIONAL MEMBERS MADE UP 26% OF TOTAL MEMBERSHIP. SME HAS 48 LOCAL SECTIONS, INCLUDING 42 IN THE UNITED STATES PLUS 6 INTERNATIONAL SECTIONS. FIVE NEW STUDENT CHAPTERS WERE FORMED IN 2024, BRINGING THE TOTAL NUMBER OF STUDENT CHAPTERS TO 82.

    Expenses $1,470,667 · Revenue $1,616,885

  • DURING 2024 THE MINING ENGINEERING WEBSITE PUBLISHED INDUSTRY NEWS ON A DAILY BASIS AND DELIVERED EACH ISSUE TO MEMBERS ANYWHERE IN THE WORLD AS A PDF AND IN FLIPBOOK FORMATS. CLIENTS ALSO EXPANDED DIGITAL ADVERTISING OPPORTUNITIES THROUGH MINING ENGINEERING ONLINE, THE SME WEBSITE, CLIENT-PROVIDED CONTENT, SME E-NEWS, AND MINING ENGINEERING DIGITAL NEWSLETTER OPTIONS.

    Expenses $2,411,445 · Revenue $197,770

  • SME PROVIDES EDUCATIONAL SUPPORT IN THE FORM OF SCHOLARSHIPS AND OTHER CONTINUING EDUCATION SUPPORT.

    Expenses $1,770,824 · Grants $670,299

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marc Herpfer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Marc Le Vier

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Bill Hancock

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    2

  • Richard Lambert

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Barbara Nielsen

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Matt Blattman

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Jayson Ripke

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Courtney Young

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Justin Anderson

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Jerry Gauntt

    DIRECTOR AT LARGE (THROUGH 2/29/24)

    Total calculated
    $0
    Hours/week
    2

  • Catherine Joyner

    DIRECTOR AT LARGE (THROUGH 2/29/24)

    Total calculated
    $0
    Hours/week
    2

  • Ronald Parratt

    PAST PRESIDENT (THROUGH 2/29/24)

    Total calculated
    $0
    Hours/week
    0

  • David L Kanagy

    EXECUTIVE DIRECTOR

    Total calculated
    $657,980
    From this org
    $615,207
    From related orgs
    $0
    Other
    $42,773
    Hours/week
    45 + 10 related

    Schedule J breakdown matched by us

    Base
    $495,432
    Bonus
    $119,775
    Other
    $0
    Deferred
    $23,100
    Nontaxable benefits
    $19,673
    Filer's total
    $657,980

  • Melanie Penoyar-Perez

    CHIEF OPERATING OFFICER

    Total calculated
    $240,714
    From this org
    $217,030
    From related orgs
    $0
    Other
    $23,684
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $190,318
    Bonus
    $26,712
    Other
    $0
    Deferred
    $13,563
    Nontaxable benefits
    $10,121
    Filer's total
    $240,714

  • Michelle Kroeger

    CHIEF FINANCIAL OFFICER

    Total calculated
    $220,874
    From this org
    $198,326
    From related orgs
    $0
    Other
    $22,548
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $173,840
    Bonus
    $24,486
    Other
    $0
    Deferred
    $12,459
    Nontaxable benefits
    $10,089
    Filer's total
    $220,874

  • Corinne Knasinski

    DIRECTOR OF MEETINGS

    Total calculated
    $190,128
    From this org
    $156,273
    From related orgs
    $0
    Other
    $33,855
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,555
    Bonus
    $16,718
    Other
    $0
    Deferred
    $10,331
    Nontaxable benefits
    $23,524
    Filer's total
    $190,128

  • Karin Harrington

    DIRECTOR OF HUMAN RESOURCE

    Total calculated
    $183,048
    From this org
    $162,784
    From related orgs
    $0
    Other
    $20,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,750
    Bonus
    $20,034
    Other
    $0
    Deferred
    $10,253
    Nontaxable benefits
    $10,011
    Filer's total
    $183,048

  • Tara Davis

    DIRECTOR OF PROGRAMMING

    Total calculated
    $186,174
    From this org
    $157,106
    From related orgs
    $0
    Other
    $29,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,015
    Bonus
    $17,091
    Other
    $0
    Deferred
    $10,127
    Nontaxable benefits
    $18,941
    Filer's total
    $186,174

  • Christopher Ryckeley

    MANAGER OF WEB DEVELOPMENT

    Total calculated
    $156,722
    From this org
    $142,040
    From related orgs
    $0
    Other
    $14,682
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,977
    Bonus
    $13,063
    Other
    $0
    Deferred
    $4,698
    Nontaxable benefits
    $9,984
    Filer's total
    $156,722

  • Emma Salditt

    MANAGER OF PARTNERSHIP DEVELOPMENT

    Total calculated
    $155,572
    From this org
    $139,742
    From related orgs
    $0
    Other
    $15,830
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,142
    Bonus
    $8,600
    Other
    $0
    Deferred
    $6,052
    Nontaxable benefits
    $9,778
    Filer's total
    $155,572

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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 1A
THE EXECUTIVE DIRECTOR USES FIRST CLASS OR BUSINESS TRAVEL ONLY ON FLIGHTS GREATER THAN EIGHT HOURS, AND HIS SPOUSE ACCOMPANIES HIM ON SELECT TRAVEL WHEN HER PRESENCE IS REQUESTED BY THE BOARD. THESE EXPENSES ARE TREATED AS ORDINARY AND NECESSARY BUSINESS EXPENSES AND ARE THEREFORE NOT INCLUDED IN TAXABLE COMPENSATION.
PART I, LINE 7
THE ORGANIZATION MADE NONFIXED PAYMENTS IN THE FORM OF DISCRETIONARY BONUSES.

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.

  • ONEMINE INC

    501(C)(3) · RESEARCH · CO · controlled entity

    Directly controlled by SOCIETY FOR MINING METALLURGY AND EXPLORATION

  • SME FOUNDATION

    501(C)(3) · RESEARCH · CO · controlled entity

    Directly controlled by SOCIETY FOR MINING METALLURGY AND EXPLORATION

Provenance

Return type
form_990
Tax year
2023
Filed
1 August 2025
IRS schema version
2023v6.0
Source object
202542139349300229

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