Society For Management Information Systems
- Assets
- $313.0k
- Revenue
- $202.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Westford, MA
- Founding
- 01/1970
- Data as of
- 12/2022
- EIN
- 04-2738814
Organization Overview
Society For Management Information Systems is located in Westford, MA. The organization was established in 1970. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Society For Management Information Systems is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Society For Management Information Systems generated $202.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $192.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Society For Management Information Systems has awarded 40 individual grants totaling $277,437. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL ISSUE AWARENESS THROUGH COMMUNICATION AND COMMITTMENT TO INTERNATIONAL ORGANIZATION (SIM ORGANIZATION) WEBCASTS, ATTENDANCE AT NATIONAL CONFERENCE, NATIONAL JOURNAL AND NEWSLETTER FOR MEMBERS
PROGRAMS, FORUMS, AND ROUNDTABLES TO EDUCATE THE INFORMATION TECHNOLOGY LEADERS & PRACTITIONERS WHO ARE MEMBERS OF BOSTON SIM. THIS INCLUDES MONTHLY NETWORKING & EDUCATIONAL MEETINGS WITH GUEST SPEAKERS DISCUSSING MATTERS AFFECTING THE SCOPE AND SUBSTANCE OF THOSE PROFESSIONALS WORKING IN AN INFORMATION TECHNOLOGY CAPACITY.
SUPPORTING RELATIONSHIPS WITH SEVERAL LOCAL CHARITIES WHO BENEFIT FROM SPONSORSHIP, GUIDANCE, AND/OR MENTORING FROM THE INFORMATION TECHNOLOGY COMMUNITY REPRESENTED BY BOSTON SIM. THIS INCLUDES A FUND RAISING GOLF TOURNAMENT EVENT FOR THE MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Madden President | OfficerTrustee | 5 | $0 |
Lori Seuch Vice President | OfficerTrustee | 5 | $0 |
Matt Nerney Secretary | OfficerTrustee | 5 | $0 |
Dennis Ravenelle Treasurer | OfficerTrustee | 5 | $0 |
Anesha Dennis Assistant Treasurer | OfficerTrustee | 5 | $0 |
David Vidoni Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $98,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,500 |
| Total Program Service Revenue | $149,905 |
| Investment income | $4,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$51,334 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $202,583 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $137,125 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,488 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,050 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $30 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $192,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,987 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $312,987 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $312,987 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $312,987 |
Grants Awarded
Over the last fiscal year, Society For Management Information Systems has awarded $11,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JR TECH INC PURPOSE: SUPPORT OF STEM EDUCATION | $6,000 |
YEAR UP PROVIDENCE PURPOSE: IT SKILL DEVELOPMENT IN PREPARATION TO ENTER WORKFORCE | $5,500 |