Society Of Naval Architects And Marine Engineers
- Assets
- $16.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Alexandria, VA
- Founding
- 03/1938
- Data as of
- 06/2020
- EIN
- 13-5631379
Organization Overview
Society Of Naval Architects And Marine Engineers is located in Alexandria, VA. The organization was established in 1938. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Society Of Naval Architects And Marine Engineers employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Naval Architects And Marine Engineers 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 06/2020, Society Of Naval Architects And Marine Engineers generated $2.2m 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 (7.8%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (5.7%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE NAVAL ARCHITECTURE, MARINE AND OCEAN ENGINEERING, AND OTHER MARINE-RELATED PROFESSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS: SOCIETY MEMBERS HAVE WRITTEN AND PUBLISHED MILLIONS OF PAGES OF ORIGINAL RESEARCH, TECHNICAL PAPERS, BOOKS AND OTHER CONTENT. ESTABLISHING SNAME AS A WORLD-WIDE LEADER IN THE ADVANCEMENT OF NAVAL ARCHITECTURE AND MARINE ENGINEERING.
FUNCTIONS AND MEETING: SNAME HOSTS HUNDREDS OF EVENTS EVERY YEAR, FROM THE ANNUAL SNAME MARITIME CONVENTION (SMC), TO INTERNATIONAL SYMPOSIA TO SECTION GATHERINGS. EVENTS OFFER VENUES NETWORKING AND FELLOWSHIP AND REGULARLY FEATURE STATE OF THE ART TECHNICAL PRESENTATIONS AND OTHER LEARNING OPPORTUNITIES.
MEMBERSHIP: SNAME, FORMED IN 1893 TO SERVE NAVAL ARCHITECTS AND MARINE ENGINEERS, HAS EVOLVED OVER THE YEARS TO SERVE THE FULL SPECTRUM OF THE VESSEL LIFE CYCLE, INCLUDING:STUDENTS - EDUCATORS & RESEARCHERS - ENGINEERS & DESIGNERS - SHIPBUILDERS - MANUFACTURERS - OPERATORS - RECYCLERS & SALVORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Hutnan Executive Director | Officer | 40 | $141,021 |
Michael Ashman Director Of Finance | Officer | 40 | $88,286 |
Suzanne Beckstoffer Immediate Past President | OfficerTrustee | 2 | $0 |
Rick Spaulding President Elect | OfficerTrustee | 2 | $0 |
Martin Toyen Past President | OfficerTrustee | 2 | $0 |
Edward Stokes Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lumina Datamatics Xml Conversion | 6/29/17 | $158,000 |
Preston Events Project Management And Production Services | 6/29/17 | $151,493 |
Dartmouth Printing Editorial And Production Services | 6/29/17 | $103,945 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,955 |
| Investment income | $373,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,903 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $573,874 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,157,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $148,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $235,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $589,630 |
| Pension plan accruals and contributions | $8,104 |
| Other employee benefits | $73,954 |
| Payroll taxes | $57,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,795 |
| Fees for services: Accounting | $40,894 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,031 |
| Fees for services: Other | $77,437 |
| Advertising and promotion | $35,721 |
| Office expenses | $154,048 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $186,016 |
| Travel | $49,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $470,329 |
| Interest | $14,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,736 |
| Insurance | $16,823 |
| All other expenses | $0 |
| Total functional expenses | $2,803,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,743 |
| Savings and temporary cash investments | $857,412 |
| 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 | $78,877 |
| Prepaid expenses and deferred charges | $336,955 |
| Investments—publicly traded securities | $14,410,157 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,138,880 |
| Accounts payable and accrued expenses | $181,135 |
| Grants payable | $0 |
| Deferred revenue | $313,478 |
| 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 | $243,196 |
| Total liabilities | $737,809 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $15,401,071 |
Endowment Analysis
| Beg. Balance | $18,528,217 |
| Earnings | -$2,650,381 |
| Net Contributions | $17,148 |
| Other Expense | $1,342,850 |
| Ending Balance | $14,552,134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Air Force Aid Society Inc Arlington, VA | $262,482,165 | $46,086,376 |
American Legion Bowling Green, KY | $1,050,755 | $11,898,405 |
The National Military Family Association Alexandria, VA | $8,448,648 | $9,411,080 |
Vietnam Veterans Of America Inc Silver Spring, MD | $22,711,920 | $10,930,074 |
United Service Organizations Inc Fort Myer, VA | $0 | $2,240,114 |
The Independence Fund Inc Charlotte, NC | $7,812,789 | $8,567,110 |
Marine Corps Association Quantico, VA | $17,818,262 | $7,455,788 |
Armed Services Mutual Benefit Association Goodlettsville, TN | $55,566,131 | $7,665,042 |
U S Naval Sea Cadet Corps Arlington, VA | $6,985,927 | $8,234,482 |
Women In Military Service For America Memorial Foundation Inc Arlington, VA | $11,722,569 | $5,876,595 |
Caring For Military Families The Elizabeth Dole Foundation Washington, DC | $8,548,001 | $7,173,277 |
Young Marines Of The Marine Corps League Dumfries, VA | $6,204,129 | $6,595,765 |