Skip to content
Nonprofiteer
← SOCIETY OF PLASTICS ENGINEERS INC

Form 990 for tax year 2022

Filed by SOCIETY OF PLASTICS ENGINEERS INC.

Totals

Total revenue
$3,614,660
Total expenses
$3,761,483
Contributions and grants received
$912,786
Grants paid
$241,161
Program service revenue
$2,240,322
Investment income
$461,147
Other revenue
$405
Total assets, end of year
$6,755,198
Total liabilities, end of year
$3,240,018
Net assets or fund balances, end of year
$3,515,180
Program services expenses (Part IX)
$2,945,299
Management and general expenses
$750,889
Fundraising expenses
$65,295
Program service expenses (Part III)
$2,945,299

Program services were 78.3% 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.

  • 1d · Related organizations

    $20,933

  • 1f · All other contributions, gifts and grants

    $891,853

  • 2a · Program service revenue: PUBLICATIONS

    total $1,291,220 · related or exempt $1,291,220

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $713,440 · related or exempt $713,440

  • 2c · Program service revenue: CONFERENCES

    total $234,442 · related or exempt $234,442

  • 2d · Program service revenue: SPE STORE

    total $1,220 · related or exempt $1,220

  • 3 · Investment income

    total $348,791 · excluded $348,791

  • 7a · Gross sales of assets other than inventory

    securities $643,615

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

    securities $531,259

  • 7c · Gain or loss

    securities $112,356

  • 7d · Net gain or loss

    total $112,356 · excluded $112,356

  • 11a · Other revenue: MISCELLANEOUS

    total $405 · related or exempt $405

  • 11e · Other revenue, total

    $405

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $206,411 · program services $206,411

  • 2 · Grants to domestic individuals

    total $22,750 · program services $22,750

  • 3 · Grants to foreign organizations and individuals

    total $12,000 · program services $12,000

  • 5 · Compensation of officers, directors and key employees

    total $384,222 · program services $281,965 · management and general $94,076 · fundraising $8,181

  • 7 · Other salaries and wages

    total $1,141,397 · program services $837,626 · management and general $279,469 · fundraising $24,302

  • 8 · Pension plan contributions

    total $21,915 · program services $16,083 · management and general $5,366 · fundraising $466

  • 9 · Other employee benefits

    total $161,661 · program services $118,637 · management and general $39,582 · fundraising $3,442

  • 10 · Payroll taxes

    total $115,952 · program services $85,093 · management and general $28,391 · fundraising $2,468

  • 11b · Fees: legal

    total $11,525 · program services $8,458 · management and general $2,822 · fundraising $245

  • 11c · Fees: accounting

    total $99,193 · program services $72,794 · management and general $24,287 · fundraising $2,112

  • 11g · Fees: other

    total $198,034 · program services $145,329 · management and general $48,488 · fundraising $4,217

  • 12 · Advertising and promotion

    total $1,397 · program services $1,025 · management and general $342 · fundraising $30

  • 13 · Office expenses

    total $391,866 · program services $287,575 · management and general $95,948 · fundraising $8,343

  • 14 · Information technology

    total $131,937 · program services $96,823 · management and general $32,305 · fundraising $2,809

  • 16 · Occupancy

    total $3,119 · program services $2,289 · management and general $764 · fundraising $66

  • 17 · Travel

    total $171,925 · program services $126,168 · management and general $42,096 · fundraising $3,661

  • 19 · Conferences, conventions and meetings

    total $124,486 · program services $91,356 · management and general $30,480 · fundraising $2,650

  • 20 · Interest

    total $56,311 · program services $41,324 · management and general $13,788 · fundraising $1,199

  • 22 · Depreciation, depletion and amortization

    total $4,071 · program services $2,987 · management and general $997 · fundraising $87

  • 23 · Insurance

    total $22,835 · program services $16,758 · management and general $5,591 · fundraising $486

  • 24a · Other expenses: PUBLICATIONS

    total $438,066 · program services $438,066

  • 24b · Other expenses: MEMBERSHIP SERVICES

    total $24,026 · program services $17,631 · management and general $5,883 · fundraising $512

  • 24c · Other expenses: AWARDS

    total $15,508 · program services $15,508

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $876 · program services $643 · management and general $214 · fundraising $19

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $584,759 · end of year $319,768

  • 2 · Savings and temporary cash investments

    beginning of year $45,053 · end of year $56,773

  • 3 · Pledges and grants receivable

    end of year $50,000

  • 4 · Accounts receivable

    beginning of year $75,182 · end of year $94,217

  • 9 · Prepaid expenses and deferred charges

    beginning of year $88,392 · end of year $166,254

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

    $22,793

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

    $12,388

  • 10c · Land, buildings and equipment, net

    beginning of year $9,415 · end of year $10,405

  • 11 · Investments: publicly traded securities

    beginning of year $7,074,525 · end of year $6,057,781

  • 17 · Accounts payable and accrued expenses

    beginning of year $156,074 · end of year $138,490

  • 19 · Deferred revenue

    beginning of year $1,383,761 · end of year $1,201,802

  • 23 · Secured mortgages and notes payable

    beginning of year $931,071 · end of year $1,560,894

  • 25 · Other liabilities

    beginning of year $318,383 · end of year $338,832

  • 27 · Net assets without donor restrictions

    beginning of year $3,910,566 · end of year $2,574,721

  • 28 · Net assets with donor restrictions

    beginning of year $1,177,471 · end of year $940,459

Mission and programs · 2022

Mission

THE SOCIETY OF PLASTICS ENGINEERS (SPE) SUPPORTS PEOPLE AND COMPANIES IN THE PLASTICS INDUSTRY, BY PRODUCING PROGRAMS WHICH FACILITATE THE SHARING OF KNOWLEDGE, THE STRENGTHENING OF SKILLS AND THE PROMOTION OF THE PLASTICS INDUSTRY WORLDWIDE. SPE SERVES PLASTICS PROFESSIONALS FROM EVERY SEGMENT OF THE INDUSTRY, INCLUDING ENGINEERS, SCIENTISTS, TECHNICIANS, SALESPEOPLE, MARKETERS, RETAILERS AND REPRESENTATIVES FROM ALL PLASTICS-PRODUCING AND PLASTICS-USING INDUSTRIES. THESE STAKEHOLDERS USE SPE AS A FORUM TO DISCUSS CRITICAL ISSUES AND SHARE TECHNICAL ADVANCEMENTS FOR THE BETTERMENT OF THE INDUSTRY AND OF SOCIETY AS A WHOLE.

  • THE ORGANIZATION PROVIDES THE FOLLOWING SERVICES, AVAILABLE BOTH TO MEMBER AND NON-MEMBER PLASTICS PROFESSIONALS: THE JOURNAL OF POLYMER ENGINEERING & SCIENCE; THE JOURNAL OF POLYMER COMPOSITES; THE JOURNAL OF VINYL & ADDITIVE TECHNOLOGY; THE JOURNAL OF SPE POLYMERS; PLASTICS ENGINEERING MAGAZINE; MORE THAN A DOZEN WORLDWIDE TECHNICAL CONFERENCES; ANNUAL TECHNICAL CONFERENCE (ANTEC - ATTENDED BY APPROXIMATELY 1,000); RESEARCH INCLUDING VARIOUS MEMBER SURVEYS; THE SPE ONLINE TECHNICAL LIBRARY (MORE THAN 14,000 PAPERS); SPE COMMUNITIES (ONLINE OPEN FORUM); PLASTICS INSIGHT NEWSLETTER; SCHOLARSHIPS AND GRANTS THROUGH THE SPE FOUNDATION.

    Expenses $2,945,299 · Grants $241,161 · Revenue $2,240,727

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

Listed in Part VII

  • Jaime A Gomez

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Lynzie Nebel

    VICE PRESIDENT MEMBER ENGA

    Total calculated
    $0
    Hours/week
    2

  • Jason Lyons

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Paul Martin

    VICE PRESIDENT APPOINTED

    Total calculated
    $0
    Hours/week
    2

  • James Waddell

    VICE PRESIDENT BUSINESS AN

    Total calculated
    $0
    Hours/week
    2

  • Scott Eastman

    VICE PRESIDENT CHAPTERS

    Total calculated
    $0
    Hours/week
    2

  • Pavan Valavala

    VICE PRESIDENT PROFESSIONA

    Total calculated
    $0
    Hours/week
    2

  • Raymond Pearson

    VICE PRESIDENT PUBLICATION

    Total calculated
    $0
    Hours/week
    2

  • Bruce Mulholland

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    2

  • Conor Carlin

    VICE PRESIDENT SUSTAINABIL

    Total calculated
    $0
    Hours/week
    2

  • Patrick Farrey

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $384,222
    From this org
    $375,072
    From related orgs
    $0
    Other
    $9,150
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $375,072
    Bonus
    $0
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $0
    Filer's total
    $384,222

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303149349303150

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.