Society For Experimental Mechanics
- Assets
- $1.5m
- Revenue
- $1.2m
- Investments
- $973.1k
- Employees
- 5
- Location
- Bethel, CT
- Founding
- 05/1989
- Data as of
- 12/2022
- EIN
- 06-0763080
Organization Overview
Society For Experimental Mechanics is located in Bethel, CT. The organization was established in 1989. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2022, Society For Experimental Mechanics employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Experimental Mechanics is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Society For Experimental Mechanics generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT ON PAGE 2 OF FORM 990.
Describe the Organization's Program Activity:
PUBLICATIONS - "EXPERIMENTAL TECHNIQUES" - EDUCATIONAL PUBLICATIONS FOR THE ENHANCEMENT OF ENGINEERING KNOWLEDGE.
OTHER INCOME- DUES, ROYALTIES.
PUBLICATIONS - OTHER - EDUCATIONAL PUBLICATIONS FOR THE ENHANCEMENT OF ENGINEERING KNOWLEDGE.
CONFERENCES - SEMINARS - EDUCATIONAL SEMINARS AND CONFERENCES FOR THE ENHANCEMENT OF ENGINEERING KNOWLEDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Brown President | OfficerTrustee | 0.25 | $0 |
James Declerck President Elect | OfficerTrustee | 0.25 | $0 |
Raman Singh Vice President | OfficerTrustee | 0.25 | $0 |
Jon Rogers Treasurer | OfficerTrustee | 0.25 | $0 |
Kristin Zimmerman Secretary/executive Director | OfficerTrustee | 20 | $0 |
John Lambros Past President | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,950 |
| Total Program Service Revenue | $1,144,626 |
| Investment income | $21,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,211,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $45,000 |
| Compensation of current officers, directors, key employees. | $6,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $381,923 |
| Pension plan accruals and contributions | $11,041 |
| Other employee benefits | $76,705 |
| Payroll taxes | $31,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $471 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,315 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,758 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $470,264 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,465 |
| Insurance | $0 |
| All other expenses | $26,581 |
| Total functional expenses | $1,190,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,657 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,063 |
| 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 | $41,862 |
| Net Land, buildings, and equipment | $7,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $973,086 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,535,836 |
| Accounts payable and accrued expenses | $3,515 |
| Grants payable | $0 |
| Deferred revenue | $214,529 |
| 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 | $218,044 |
| Net assets without donor restrictions | $0 |
| 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 | $45,000 |
| Retained earnings, endowment, accumulated income, or other funds | $1,272,792 |
| Total liabilities and net assets/fund balances | $1,535,836 |