Society For Advancement Of Management
- Assets
- $220.0k
- Revenue
- $46.0k
- Investments
- $0.0
- Employees
- 0
- Location
- The Villages, FL
- Founding
- 10/1984
- Data as of
- 06/2021
- EIN
- 13-3179394
Organization Overview
Society For Advancement Of Management is located in The Villages, FL. The organization was established in 1984. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Advancement Of Management 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 06/2021, Society For Advancement Of Management generated $46.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $77.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH RESEARCH, DISCUSSION, PUBLICATION, AND OTHER APPROPRIATE MEANS TO CONDUCT AND PROMOTE SCIENTIFIC STUDY OF THE PRINCIPLES GOVERNING ORGANIZED EFFORT IN INDUSTRIAL AND ECONOMIC LIFE, INCLUDING BOTH LABOR AND MANAGEMENT; AND TO IMPART TO THE PUBLIC INFORMATION CONCERNING SAID PRINCIPLES AND THEIR VARIOUS APPLICATIONS FOR THE GENERAL BETTERMENT OF SOCIETY, PARTICULARLY BY, BUT NOT LIMITED TO, ELIMINATION OF UNNECESSARY EFFORT AND UNDULY BURDENSOME TOIL; AND TO RECEIVE, INVEST, REINVEST AND ADMINISTER FUNDS OR OTHER PROPERTY EXCLUSIVELY FOR THE ABOVE DESCRIBED SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES. TO PROVIDE AN OPPORTUNITY FOR THE MEMBERS TO INCREASE MANAGEMENT SKILLS AND EXPERTISE THROUGH PARTICIPATION IN PROGRAMS AND SERVICES DESIGNED TO IMPROVE THE PROFESSIONAL QUALITY OF THEIR KNOWLEDGE, PERFORMANCE, AND LEADERSHIP ABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGIATE PROGRAMMING: PROVIDED MATERIALS AND PUBLICATIONS TO GROUPS OF COLLEGE STUDENTS IN CHAPTERS TO SUPPLEMENT THEIR MANAGEMENT EDUCATION. ADDITIONALLY, PROVIDED AN MULTI-DIMENSIONAL INTERNATIONAL COLLEGIATE COMPETITION THAT BRINGS SKILLS FROM THE CLASSROOM INTO REAL-LIFE SITUATIONS TO PROVIDE STUDENTS WITH AN OPPORTUNITY TO PRACTICALLY APPLY THOSE LESSONS OUTSIDE THE ACADEMIC SETTING.
PUBLICATIONS: THE SOCIETY PUBLISHES THE SAM ADVANCED MANAGEMENT JOURNAL. A QUARTERLY-PUBLISHED, REFEREED JOURNAL THAT PROVIDES PRACTICAL MANAGERIAL RESEARCH FOR THE ACADEMIC AND PRACTITIONER COMMUNITIES.
INTERNATIONAL BUSINESS CONFERENCE: PRESENTED TO THE GENERAL PUBLIC, THE INTERNATIONAL BUSINESS CONFERENCE PROVIDES PRACTITIONERS, STUDENTS, AND ACADEMICIANS A VENUE FOR OPEN DISCUSSION ON LEADING TOPICS THAT ARE RELEVANT TO THE DISCIPLINE OF MANAGEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reza Kheirandish Vice President | OfficerTrustee | 5 | $0 |
George Garner Secretary | OfficerTrustee | 5 | $0 |
Avinandan Mukherjee Past-President | OfficerTrustee | 5 | $0 |
Susan Elkins President | OfficerTrustee | 5 | $0 |
Sandi Zeljko Treasurer | OfficerTrustee | 5 | $0 |
Patrick Endicott Executive Director | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,255 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,807 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,062 |
| Total Program Service Revenue | $22,923 |
| Investment income | $18 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,003 |
| 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. | $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 | $8,343 |
| Fees for services: Legal | $781 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,052 |
| Office expenses | $4,273 |
| Information technology | $3,153 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,552 |
| All other expenses | $0 |
| Total functional expenses | $77,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,635 |
| Savings and temporary cash investments | $208,354 |
| 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 | $219,989 |
| 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 | $214,677 |
| Net assets with donor restrictions | $5,312 |
| 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 | $219,989 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Society For Advancement Of Management has recieved totaling $84.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $84 |
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