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← SOCIETY FOR MINING METALLURGY AND EXPLORATION INC

Form 990 for tax year 2022

Filed by SOCIETY FOR MINING METALLURGY AND EXPLORATION INC.

Totals

Total revenue
$14,919,073
Total expenses
$15,397,803
Contributions and grants received
$479,752
Grants paid
$625,338
Program service revenue
$11,998,327
Investment income
$818,964
Other revenue
$1,622,030
Total assets, end of year
$33,994,747
Total liabilities, end of year
$5,273,499
Net assets or fund balances, end of year
$28,721,248
Program services expenses (Part IX)
$13,457,653
Management and general expenses
$1,651,933
Fundraising expenses
$288,217
Program service expenses (Part III)
$13,457,653

Program services were 87.4% 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.

  • 1e · Government grants (contributions)

    $243,632

  • 1f · All other contributions, gifts and grants

    $236,120

  • 2a · Program service revenue: MEETINGS & EXHIBITS

    total $10,380,633 · related or exempt $10,380,633

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $1,617,694 · related or exempt $1,617,694

  • 3 · Investment income

    total $818,964 · excluded $818,964

  • 5 · Royalties

    total $83,165 · excluded $83,165

  • 10a · Gross sales of inventory

    $432,710

  • 10b · Cost of goods sold

    $243,416

  • 10c · Net income from sales of inventory

    total $189,294 · related or exempt $189,294

  • 11a · Other revenue: ADVERTISING

    total $1,106,135 · unrelated business $1,106,135

  • 11b · Other revenue: HOTEL REBATES

    total $142,932 · related or exempt $142,932

  • 11c · Other revenue: MISCELLANEOUS REBATES

    total $22,383 · excluded $22,383

  • 11d · All other revenue

    total $78,121 · excluded $78,121

  • 11e · Other revenue, total

    $1,349,571

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $555,838 · program services $555,838

  • 3 · Grants to foreign organizations and individuals

    total $69,500 · program services $69,500

  • 5 · Compensation of officers, directors and key employees

    total $1,037,095 · program services $920,940 · management and general $92,302 · fundraising $23,853

  • 7 · Other salaries and wages

    total $3,698,248 · program services $3,284,045 · management and general $329,143 · fundraising $85,060

  • 8 · Pension plan contributions

    total $255,559 · program services $226,936 · management and general $22,745 · fundraising $5,878

  • 9 · Other employee benefits

    total $529,829 · program services $470,488 · management and general $47,155 · fundraising $12,186

  • 10 · Payroll taxes

    total $362,980 · program services $322,326 · management and general $32,305 · fundraising $8,349

  • 11b · Fees: legal

    total $45,906 · program services $40,764 · management and general $4,086 · fundraising $1,056

  • 11c · Fees: accounting

    total $46,818 · management and general $46,818

  • 11f · Fees: investment management

    total $94,572 · management and general $94,572

  • 11g · Fees: other

    total $535,349 · program services $280,822 · management and general $254,527

  • 12 · Advertising and promotion

    total $155,462 · program services $138,050 · management and general $13,836 · fundraising $3,576

  • 13 · Office expenses

    total $506,465 · program services $449,740 · management and general $45,076 · fundraising $11,649

  • 14 · Information technology

    total $303,254 · program services $269,289 · management and general $26,990 · fundraising $6,975

  • 16 · Occupancy

    total $179,112 · program services $159,051 · management and general $15,941 · fundraising $4,120

  • 17 · Travel

    total $468,828 · program services $416,319 · management and general $41,726 · fundraising $10,783

  • 19 · Conferences, conventions and meetings

    total $4,054,325 · program services $3,600,241 · management and general $360,835 · fundraising $93,249

  • 22 · Depreciation, depletion and amortization

    total $336,931 · program services $299,195 · management and general $29,987 · fundraising $7,749

  • 24a · Other expenses: SECTIONS EXPENSE

    total $1,342,865 · program services $1,198,475 · management and general $144,390

  • 24b · Other expenses: EMPLOYEE RELATIONS AND

    total $83,201 · program services $73,882 · management and general $7,405 · fundraising $1,914

  • 24c · Other expenses: MEMBERSHIP AND SUBSCRIP

    total $77,884 · program services $69,161 · management and general $6,932 · fundraising $1,791

  • 24e · All other expenses

    total $657,782 · program services $612,591 · management and general $35,162 · fundraising $10,029

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $292,900 · end of year $1,114,926

  • 2 · Savings and temporary cash investments

    beginning of year $1,875,273 · end of year $3,021,357

  • 4 · Accounts receivable

    beginning of year $1,935,945 · end of year $849,593

  • 8 · Inventories for sale or use

    beginning of year $1,471,651 · end of year $1,463,619

  • 9 · Prepaid expenses and deferred charges

    beginning of year $319,942 · end of year $419,110

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

    $6,262,384

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

    $3,041,855

  • 10c · Land, buildings and equipment, net

    beginning of year $3,501,575 · end of year $3,220,529

  • 11 · Investments: publicly traded securities

    beginning of year $22,427,539 · end of year $22,786,786

  • 15 · Other assets

    beginning of year $983,706 · end of year $1,118,827

  • 17 · Accounts payable and accrued expenses

    beginning of year $921,323 · end of year $1,261,280

  • 19 · Deferred revenue

    beginning of year $3,343,022 · end of year $3,388,271

  • 25 · Other liabilities

    beginning of year $929,797 · end of year $623,948

  • 27 · Net assets without donor restrictions

    beginning of year $20,739,797 · end of year $22,290,897

  • 28 · Net assets with donor restrictions

    beginning of year $6,874,592 · end of year $6,430,351

Mission and programs · 2022

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 2023 SME ANNUAL CONFERENCE & EXPO RETURNED TO THE COLORADO CONVENTION CENTER IN DENVER, CO, FEBRUARY 26 - MARCH 1, 2023. THERE WERE 600+ PRESENTATIONS, 5 SHORT COURSES, 59 PAPERS, 102 SPONSORS, AND 585 EXHIBITING COMPANIES. OVER 6,400 INDIVIDUALS WERE IN ATTENDANCE, INCLUDING 600 STUDENTS AND 824 INTERNATIONAL ATTENDEES FROM 38 COUNTRIES. RETC 2023 WAS JUNE 11-14, 2023, IN BOSTON, MA. THE EVENT WAS ATTENDED BY OVER 1,400 INDIVIDUALS. IN ADDITION TO A SHORT COURSE, THE TECHNICAL PROGRAM FEATURED 98 PRESENTATIONS. TO SUPPORT THE EVENT, THERE WERE 209 EXHIBIT BOOTHS AND 28 SPONSORING COMPANIES. THE 2023 MINNESOTA CONFERENCE WAS AGAIN UP IN THE IRON RANGE IN NORTHERN MINNESOTA. IT TOOK PLACE APRIL 17-19, 2023, AT THE IRON TRAIL MOTORS EVENT CENTER IN VIRGINIA, MN. THE CONFERENCE WAS ATTENDED BY 875 INDIVIDUALS AND FEATURED TWO DAYS OF PROGRAMMING WITH A FIELD TRIP TO A LOCAL MINING OPERATION. THERE WERE 154 BOOTHS AND 33 SPONSORING COMPANIES.

    Expenses $8,929,015 · Revenue $10,523,565

  • MEMBERS ARE THE HEART OF SME, CONTRIBUTING TECHNICAL KNOWLEDGE, TALENT AND VOLUNTEER RESOURCES TO HELP THE ORGANIZATION ADVANCE. SME ENDED 2023 WITH 13,622 MEMBERS. INTERNATIONAL MEMBERS MADE UP 25% OF TOTAL MEMBERSHIP. SME HAS 48 LOCAL SECTIONS, INCLUDING 42 IN THE UNITED STATES PLUS 6 INTERNATIONAL SECTIONS. ONE NEW STUDENT CHAPTER WAS FORMED IN 2023, BRINGING THE TOTAL NUMBER OF STUDENT CHAPTERS TO 77.

    Expenses $1,360,543 · Revenue $1,617,694

  • DURING 2023 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 $2,135,443 · Revenue $248,459

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

    Expenses $1,032,652 · Grants $625,338

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

Listed in Part VII

  • Marc Levier

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Ronald Parratt

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Marc Herpfer

    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

  • S Jason Ripke

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Jerry Gauntt

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Catherine Joyner

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • William W Edgerton

    PAST PRESIDENT (THROUGH 2/28/23)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • John Uhrie

    DIRECTOR AT LARGE (THROUGH 2/28/23)

    Total calculated
    $0
    Hours/week
    2

  • Anne Williamson

    DIRECTOR AT LARGE (THROUGH 2/28/23)

    Total calculated
    $0
    Hours/week
    2

  • David L Kanagy

    EXECUTIVE DIRECTOR

    Total calculated
    $603,794
    From this org
    $565,018
    From related orgs
    $0
    Other
    $38,776
    Hours/week
    45 + 10 related

    Schedule J breakdown matched by us

    Base
    $475,467
    Bonus
    $89,551
    Other
    $0
    Deferred
    $21,350
    Nontaxable benefits
    $17,426
    Filer's total
    $603,794

  • Michelle Kroeger

    CHIEF FINANCIAL OFFICER

    Total calculated
    $210,174
    From this org
    $189,703
    From related orgs
    $0
    Other
    $20,471
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $164,703
    Bonus
    $25,000
    Other
    $0
    Deferred
    $11,657
    Nontaxable benefits
    $8,814
    Filer's total
    $210,174

  • Melanie Penoyar-Perez

    CHIEF OPERATIONS OFFICER

    Total calculated
    $225,164
    From this org
    $203,634
    From related orgs
    $0
    Other
    $21,530
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $178,634
    Bonus
    $25,000
    Other
    $0
    Deferred
    $12,716
    Nontaxable benefits
    $8,814
    Filer's total
    $225,164

  • Karin Harrington

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $178,002
    From this org
    $159,651
    From related orgs
    $0
    Other
    $18,351
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,651
    Bonus
    $25,000
    Other
    $0
    Deferred
    $9,537
    Nontaxable benefits
    $8,814
    Filer's total
    $178,002

  • Tara Davis

    DIRECTOR OF PROGRAMMING

    Total calculated
    $176,572
    From this org
    $150,160
    From related orgs
    $0
    Other
    $26,412
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,660
    Bonus
    $17,500
    Other
    $0
    Deferred
    $9,530
    Nontaxable benefits
    $16,882
    Filer's total
    $176,572

  • Corinne Knasinski

    DIRECTOR OF MEETINGS

    Total calculated
    $180,225
    From this org
    $148,465
    From related orgs
    $0
    Other
    $31,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,965
    Bonus
    $17,500
    Other
    $0
    Deferred
    $9,177
    Nontaxable benefits
    $22,583
    Filer's total
    $180,225

  • Paul Hoiberg

    IT MANAGER

    Total calculated
    $174,920
    From this org
    $147,623
    From related orgs
    $0
    Other
    $27,297
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,763
    Bonus
    $10,860
    Other
    $0
    Deferred
    $9,519
    Nontaxable benefits
    $17,778
    Filer's total
    $174,920

  • Joseph Martin

    SENIOR DEVELOPER

    Total calculated
    $123,920
    From this org
    $115,689
    From related orgs
    $0
    Other
    $8,231
    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

  • 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 · Independent compensation consultant
  • 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 BUSINESS TRAVEL 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
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202412279349301906

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