Society Of Motion Picture And Television Engineers Inc
- Assets
- $4.6m
- Revenue
- $4.3m
- Investments
- $2.2m
- Employees
- 19
- Location
- White Plains, NY
- Founding
- 11/1963
- Data as of
- 12/2023
- EIN
- 13-1624188
Organization Overview
Society Of Motion Picture And Television Engineers Inc is located in White Plains, NY. The organization was established in 1963. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Society Of Motion Picture And Television Engineers Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Motion Picture And Television Engineers Inc 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 12/2023, Society Of Motion Picture And Television Engineers Inc generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENABLING THE TECHNICAL FRAMEWORK AND GLOBAL PROFESSIONAL COMMUNITY THAT MAKES MOTION PICTURES, TELEVISION, AND PROFESSIONAL MEDIA THROUGH OUR GLOBAL SOCIETY OF TECHNOLOGISTS, DEVELOPERS, AND CREATIVES BY SETTING INDUSTRY STANDARDS, PROVIDING RELEVANT EDUCATION, AND FOSTERING AN ENGAGED MEMBERSHIP COMMUNITY.
Describe the Organization's Program Activity:
STANDARDS - SMPTE PROVIDES THE FRAMEWORK BY WHICH THE INDUSTRY COMES TOGETHER TO DEVELOP AND MAINTAIN INTERNATIONALLY RECOGNIZED MEDIA TECHNOLOGY STANDARDS AND RELATED DOCUMENTS.
MEMBERSHIPS - IN 2023 A NEW MEMBERSHIP SYSTEM WAS INSTITUTED ALLOWING MEMBERS FREE ACCESS TO SMPTE STANDARDS. ADDITIONALLY, SMPTE STANDARDS WERE MOVED TO AN ALL-DIGITAL PUBLICATION SYSTEM TO ALLOW MEMBERS QUICK ACCESS AND SIMPLIFY EDITING. IN ADDITION, THE NEW SYSTEM ALLOWED MEMBERS FREE ACCESS TO ON DEMAND LEARNING IN OUR EDUCATION SYSTEM. THE SYSTEM WENT LIVE IN 2024.
CONFERENCES - SMPTE HOLDS TECHNICAL CONFERENCES TO BRING TOGETHER THE BEST MINDS IN THE INDUSTRY TO EXPLORE THE MOST EXCITING ADVANCEMENTS IN MEDIA AND ENTERTAINMENT TECHNOLOGY WITH INDUSTRY CHANGE MAKERS, A SELECT GROUP OF CTO'S, CHIEF ENGINEERS, CONTENT PRODUCERS, AND TOP STUDENTS FROM AROUND THE GLOBE. THE SMPTE MEDIA TECHNOLOGY SUMMIT IS STILL THE ONLY INDUSTRY EVENT FEATURING PEER-REVIEWED TECHNICAL CONTENT, TO ENSURE THAT THE IDEAS PRESENTED ARE ALWAYS RELEVANT AND ACCURATE, FROM THE EXPERTS IN THEIR FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renard Jenkins President | OfficerTrustee | 10 | $0 |
Hans Hoffmann Past President, 22-23 | Trustee | 10 | $0 |
Rich Welsh Executive Vice President | OfficerTrustee | 10 | $0 |
Lisa Hobbs Secretary/treasurer | OfficerTrustee | 10 | $0 |
Sally Hattori Standards VP | OfficerTrustee | 10 | $0 |
Michael Zink Education VP | OfficerTrustee | 10 | $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 | $95,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,220 |
| Total Program Service Revenue | $2,799,904 |
| Investment income | $50,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,728 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,282,236 |
| 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. | $219,800 |
| Compensation of current officers, directors, key employees. | $54,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,500,186 |
| Pension plan accruals and contributions | $44,693 |
| Other employee benefits | $225,939 |
| Payroll taxes | $137,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,541 |
| Fees for services: Accounting | $45,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $673,289 |
| Advertising and promotion | $52,391 |
| Office expenses | $30,776 |
| Information technology | $149,295 |
| Royalties | $0 |
| Occupancy | $151,176 |
| Travel | $175,202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $270,648 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,410 |
| Insurance | $152,374 |
| All other expenses | $461,990 |
| Total functional expenses | $5,811,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,040 |
| Savings and temporary cash investments | $371,514 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $752,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,686 |
| Prepaid expenses and deferred charges | $196,087 |
| Net Land, buildings, and equipment | $15,940 |
| Investments—publicly traded securities | $242,548 |
| Investments—other securities | $2,214,111 |
| Investments—program-related | $48,164 |
| Intangible assets | $211,147 |
| Other assets | $147,632 |
| Total assets | $4,614,804 |
| Accounts payable and accrued expenses | $874,970 |
| Grants payable | $0 |
| Deferred revenue | $902,483 |
| 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 | $144,620 |
| Total liabilities | $1,922,073 |
| Net assets without donor restrictions | $2,243,423 |
| Net assets with donor restrictions | $449,308 |
| 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 | $4,614,804 |