Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,175,887

• 1f · All other contributions, gifts and grants

  $145,243

• 2a · Program service revenue: EXPOSITIONS AND CONFERENCES

  total $63,424,920 · related or exempt $1,949,830 · excluded $61,475,090

• 2b · Program service revenue: TRAINING AND DEVELOPMENT

  total $13,305,089 · related or exempt $12,968,543 · unrelated business $336,546

• 2c · Program service revenue: PUBLICATIONS/ADVERTISING

  total $2,600,159 · related or exempt $107,179 · unrelated business $2,492,980

• 2d · Program service revenue: MEMBERSHIPS

  total $804,078 · related or exempt $804,078

• 3 · Investment income

  total $1,033,654 · excluded $1,033,654

• 5 · Royalties

  total $1,005,357 · related or exempt $840,931 · unrelated business $164,426

• 7a · Gross sales of assets other than inventory

  securities $7,974,711

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

  securities $7,869,699

• 7c · Gain or loss

  securities $105,012

• 7d · Net gain or loss

  total $105,012 · excluded $105,012

• 10a · Gross sales of inventory

  $137,942

• 10b · Cost of goods sold

  $39,799

• 10c · Net income from sales of inventory

  total $98,143 · related or exempt $98,143

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,957,107 · program services $1,957,107

• 3 · Grants to foreign organizations and individuals

  total $1,525 · program services $1,525

• 5 · Compensation of officers, directors and key employees

  total $2,852,228 · program services $1,129,217 · management and general $1,723,011

• 7 · Other salaries and wages

  total $18,765,482 · program services $11,950,581 · management and general $6,814,901

• 8 · Pension plan contributions

  total -$129,880 · program services -$53,918 · management and general -$75,962

• 9 · Other employee benefits

  total $2,419,970 · program services $1,544,318 · management and general $875,652

• 10 · Payroll taxes

  total $1,325,567 · program services $866,001 · management and general $459,566

• 11b · Fees: legal

  total $584,042 · program services $325,801 · management and general $258,241

• 11c · Fees: accounting

  total $230,555 · program services $88,371 · management and general $142,184

• 11f · Fees: investment management

  total $110,216 · management and general $110,216

• 11g · Fees: other

  total $4,832,158 · program services $3,215,643 · management and general $1,616,515

• 12 · Advertising and promotion

  total $1,306,536 · management and general $1,306,536

• 13 · Office expenses

  total $5,984,291 · program services $4,282,510 · management and general $1,701,781

• 14 · Information technology

  total $1,321,196 · program services $363,008 · management and general $958,188

• 15 · Royalties

  total $184,468 · program services $184,468

• 16 · Occupancy

  total $1,392,475 · program services $1,354,197 · management and general $38,278

• 17 · Travel

  total $2,022,252 · program services $1,529,942 · management and general $492,310

• 19 · Conferences, conventions and meetings

  total $26,558,273 · program services $24,878,033 · management and general $1,680,240

• 22 · Depreciation, depletion and amortization

  total $2,487,213 · program services $2,127,199 · management and general $360,014

• 23 · Insurance

  total $484,467 · program services $386,418 · management and general $98,049

• 24a · Other expenses: PRINTING AND PUBLISHING

  total $701,944 · program services $646,363 · management and general $55,581

• 24b · Other expenses: TAXES (FEDERAL AND STAT

  total $66,436 · management and general $66,436

• 24c · Other expenses: BAD DEBT

  total -$19,062 · program services -$19,062

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,844,085 · end of year $3,055,903

• 4 · Accounts receivable

  beginning of year $7,508,103 · end of year $6,072,171

• 8 · Inventories for sale or use

  beginning of year $60,017 · end of year $41,011

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,442,397 · end of year $2,571,070

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

  $24,725,362

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

  $18,451,614

• 10c · Land, buildings and equipment, net

  beginning of year $6,020,789 · end of year $6,273,748

• 11 · Investments: publicly traded securities

  beginning of year $49,806,859 · end of year $56,482,364

• 14 · Intangible assets

  beginning of year $669,212 · end of year $601,410

• 15 · Other assets

  beginning of year $3,839,151 · end of year $3,078,709

• 17 · Accounts payable and accrued expenses

  beginning of year $11,452,135 · end of year $8,244,988

• 19 · Deferred revenue

  beginning of year $12,018,109 · end of year $9,221,973

• 24 · Unsecured notes and loans payable

  beginning of year $9,950,000 · end of year $5,500,000

• 25 · Other liabilities

  beginning of year $7,788,459 · end of year $5,978,942

• 27 · Net assets without donor restrictions

  beginning of year $33,981,910 · end of year $49,230,483

The filer's explanations (Part III)

PART I, LINE 7

SME PAID BONUSES TO ITS MANAGEMENT. THE BONUSES WERE PARTLY BASED ON THE ACHIEVEMENT OF SPECIFIC PROJECT MANAGEMENT GOALS AND PARTLY UPON THE REVENUES GOALS OF SME. NO PORTION WAS CONTINGENT UPON THE NET EARNINGS OF SME OR ANY RELATED ORGANIZATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• TOOLING UNIVERSITY LLC

  EDUCATION · OH · income $0 · assets $13,453,353

  Directly controlled by SME