Society For Industrial And Applied Mathematics
- Assets
- $62.5m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 92
- Location
- Philadelphia, PA
- Founding
- 10/1953
- Data as of
- 12/2021
- EIN
- 23-1496016
Organization Overview
Society For Industrial And Applied Mathematics is located in Philadelphia, PA. The organization was established in 1953. According to its NTEE Classification (U34) the organization is classified as: Mathematics, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Society For Industrial And Applied Mathematics employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Industrial And Applied Mathematics 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 12/2021, Society For Industrial And Applied Mathematics generated $15.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $11.4m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SIAM'S MISSION IS TO ADVANCE AND RAISE AWARENESS ABOUT APPLIED MATH AND RELATED FIELDS THROUGH ITS BOOKS, JOURNALS, CONFERENCES, ONLINE RESOURCES, AND A VARIETY OF PROGRAMS AND INITIATIVES.
Describe the Organization's Program Activity:
SIAM'S PUBLICATIONS ARE A MEANS OF MEETING ONE OF THE PRIMARY OBJECTIVES FOR ORGANIZING THE SOCIETY: TO PROVIDE MEDIA FOR THE EXCHANGE OF INFORMATION AND IDEAS BETWEEN MATHEMATICIANS AND OTHER SCIENTISTS. SIAM'S JOURNAL PROGRAM PRODUCES 18 QUALITY, PEER-REVIEWED JOURNALS THAT ARE RESPECTED AND HIGHLY CITED THROUGHOUT THE APPLIED MATHEMATICS AND COMPUTATIONAL SCIENCE COMMUNITY. SIAM PUBLISHES APPROXIMATELY 20 HIGH QUALITY BOOKS A YEAR BY AUTHORS WHO ARE EXPERTS IN THEIR FIELD MAKING RELEVANT RESEARCH RESULTS ACCESSIBLE TO INDUSTRY AND SCIENCE WHILE ALSO PROMOTING THE INTERACTION BETWEEN MATHEMATICS AND OTHER DISCIPLINES SUCH AS ENGINEERING, SCIENCE AND COMPUTING. SIAM NEWS, PUBLISHED 10 TIMES PER YEAR, IS THE NEWS JOURNAL REPORTING ON ISSUES AND DEVELOPMENTS AFFECTING THE APPLIED AND COMPUTATIONAL MATHEMATICS COMMUNITY. SIAM ALSO PUBLISHES UNDERGRADUATE RESEARCH ONLINE (SIURO), AN OPEN-ACCESS PUBLICATION FOR UNDERGRADUATES.
SIAM'S CONFERENCE PROGRAM PROVIDES MEMBERS AND ATTENDEES WITH A BROAD VIEW OF THE STATE-OF-THE-ART IN APPLIED MATHEMATICS AND COMPUTATIONAL SCIENCE. THROUGH INVITED PRESENTATIONS, PRIZE LECTURES, MINISYMPOSIA, MINI-TUTORIALS, CONTRIBUTED PAPERS, AND POSTERS, MEMBERS ARE ABLE TO JOIN THEIR PEERS AND LEADING EXPERTS IN THE FIELD TO EXCHANGE IDEAS AND TO EXPAND THEIR PERSONAL AND PROFESSIONAL NETWORKS. SIAM HOLDS TEN TO TWELVE CONFERENCES EACH YEAR, EACH FOCUSED ON TIMELY TOPICS IN APPLIED MATHEMATICS AND COMPUTATIONAL SCIENCE. THE WORK AT THESE CONFERENCES HELPS DEMONSTRATE THAT MANY SOCIETAL PROBLEMS CAN BE SOLVED THROUGH VARIOUS METHODS OF APPLIED MATHEMATICS AND COMPUTATIONAL SCIENCE. SIAM OFFERS TRAVEL SUPPORT FOR STUDENTS THROUGH SIAM STUDENT TRAVEL AWARDS TO ATTEND THE CONFERENCES.
THROUGH SIAM MEMBERSHIP, INDIVIDUALS PARTICIPATE IN THE INTERNATIONAL COMMUNITY OF OVER 14,300 MATHEMATICIANS, COMPUTER SCIENTISTS, NUMERICAL ANALYSTS, ENGINEERS, STATISTICIANS, PHYSICISTS, EDUCATORS, AND STUDENTS FROM 103 COUNTRIES SUPPORTING THE PROFESSION AND ADVANCING THE FIELDS OF APPLIED MATHEMATICS AND COMPUTATIONAL SCIENCE. MEMBERSHIP ALLOWS BOTH PROFESSIONALS AND STUDENTS THE OPPORTUNITY TO NETWORK AND EXCHANGE IDEAS WITH PEERS, VISIBILITY IN THE APPLIED SCIENCE MATHEMATICS AND COMPUTATIONAL SCIENCE COMMUNITIES, ACCESS TO CUTTING-EDGE RESEARCH AND OPPORTUNITY TO SERVE ON SIAM COMMITTEES TO HELP GUIDE THE FUTURE OF APPLIED MATHEMATICS AND COMPUTATIONAL SCIENCE.
THE M3 CHALLENGE IS AN APPLIED MATHEMATICS COMPETITION FOR HIGH SCHOOL STUDENTS. THE CHALLENGE IS BEING FUNDED BY MATHWORKS. WORK BEGAN ON THE 2021 CHALLENGE IN 2020 AND IS MANAGED BY SIAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne L Weekes Executive Director | Officer | 36.3 | $344,057 |
Susan A Palantino Chief Operating Officer | Officer | 36.3 | $226,520 |
Kivmars H Bowling Director, Publications | 36.3 | $171,884 | |
Lauren R Steidel Controller | 36.3 | $153,298 | |
Richard O Moore Director, Programs & Services | 36.3 | $147,575 | |
Matthew T Posey Director, Information Systems | 36.3 | $146,865 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lumina Datamatics Inc Compositing/editing | 12/30/21 | $176,040 |
Vfairs Llc Virtual Platform | 12/30/21 | $545,825 |
Lewis-burke Associates Lobbying | 12/30/21 | $139,050 |
D'lauro Rodgers Kitchen/restroom Renovations | 12/30/21 | $132,245 |
Atypon Systems Inc Electronic Products Hosting | 12/30/21 | $112,397 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,374,875 |
| All other contributions, gifts, grants, and similar amounts not included above | $851,189 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,226,064 |
| Total Program Service Revenue | $8,866,875 |
| Investment income | $1,046,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,944 |
| Net Rental Income | $105,535 |
| Net Gain/Loss on Asset Sales | $1,784,601 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $866,789 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,208,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $150,502 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,891 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $690,015 |
| Compensation of current officers, directors, key employees. | $266,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,472,123 |
| Pension plan accruals and contributions | $393,173 |
| Other employee benefits | $424,451 |
| Payroll taxes | $380,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $139,050 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $279,725 |
| Advertising and promotion | $288,194 |
| Office expenses | $249,342 |
| Information technology | $0 |
| Royalties | $405,857 |
| Occupancy | $265,228 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105,406 |
| Interest | $25,446 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,674 |
| Insurance | $65,759 |
| All other expenses | $311,956 |
| Total functional expenses | $11,389,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,458 |
| Savings and temporary cash investments | $4,473,369 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $354,752 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $326,086 |
| Prepaid expenses and deferred charges | $443,915 |
| Net Land, buildings, and equipment | $716,113 |
| Investments—publicly traded securities | $55,518,351 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $341,506 |
| Total assets | $62,518,550 |
| Accounts payable and accrued expenses | $1,690,212 |
| Grants payable | $0 |
| Deferred revenue | $7,122,801 |
| 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 | $613,115 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $763,265 |
| Total liabilities | $10,189,393 |
| Net assets without donor restrictions | $50,127,236 |
| Net assets with donor restrictions | $2,201,921 |
| 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 | $62,518,550 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Society For Industrial And Applied Mathematics has recieved totaling $11,058.
| Awarding Organization | Amount |
|---|---|
American Automatic Control Council Seattle, WA PURPOSE: TO PROMOTE EDUCATION AND COOPERATION IN THE AUTOMATIC CONTROL PROFESSION. | $10,898 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $110 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $50 |
Endowment Analysis
| Beg. Balance | $432,489 |
| Earnings | $76,251 |
| Other Expense | $11,147 |
| Ending Balance | $497,593 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Society Of Civil Engineers Reston, VA | $80,247,990 | $62,671,354 |
Airport Research And Development Foundation Alexandria, VA | $5,984,070 | $48,854,965 |
American Geophysical Union Washington, DC | $197,960,779 | $46,621,349 |
American Society For Microbiology Washington, DC | $150,116,878 | $47,169,263 |
American Institute Of Chemical Engineers New York, NY | $68,575,024 | $50,980,914 |
Northwest Institute Of Research Inc Erie, PA | $4,835,958 | $44,694,809 |
Marine Biological Laboratory Woods Hole, MA | $244,080,045 | $44,910,519 |
Parallax Advanced Research Corp Beavercreek, OH | $15,622,847 | $40,733,328 |
Altarum Institute Ann Arbor, MI | $56,576,753 | $34,183,665 |
Us Civilian Research And Development Foundation Arlington, VA | $79,574,432 | $31,963,262 |
Hugo W Moser Research Institute At Kennedy Krieger Inc Baltimore, MD | $4,057,390 | $26,927,232 |
International Bioresources Group Manassas, VA | $12,118,539 | $31,000,000 |