Society Of Plastics Engineers
- Assets
- $329.8k
- Revenue
- $728.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 04/1945
- Data as of
- 12/2022
- EIN
- 23-7163348
Organization Overview
Society Of Plastics Engineers is located in Troy, MI. The organization was established in 1945. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Society Of Plastics 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 12/2022, Society Of Plastics Engineers generated $728.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $775.5k during the year ending 12/2022. While expenses have increased by 0.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCES AUTOMOTIVE PLASTICS TECHNOLOGY WORLDWIDE BY RECOGNIZING AUTOMOTIVE INDUSTRY INNOVATIONS AND ENCOURAGING EDUCATION AND RESEARCH. PROVIDES TECHNICAL TRAINING FOR INDUSTRY APPLICATIONS AND DISTRIBUTES EDUCATIONAL INFORMATION TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPE'S AUTOMOTIVE INNOVATION AWARDS PROGRAM (IAG) IS THE OLDEST AND LARGEST COMPETITION OF ITS KIND IN THE WORLD. WHILE THERE ARE NO MONETARY PRIZES, ALL PARTICIPANTS ARE WINNERS BY VIRTUE OF BEING ABLE TO SHOWCASE THEIR COMPANY'S TECHNOLOGY TO A GLOBAL AUDIENCE. DOZENS OF TEAMS MADE UP OF OEM'S, TIER SUPPLIERS AND POLYMER PRODUCERS SUBMIT NOMINATIONS DESCRIBING THEIR PART, SYSTEM, OR COMPLETE VEHICLE, AND WHY IT MERITS THE CLAIM AS "THE YEAR'S MOST INNOVATIVE USE OF PLASTIC".
AUTOMOTIVE COMPOSITES CONFERENCE AND EXHIBITION (ACCE): THIS EVENT IS DESIGNED TO EDUCATE AND UPDATE AUTOMOTIVE DESIGN AND PRODUCTION ENGINEERS, SALES PERSONNEL, AND MANAGERS FROM TRANSPORTATION OEM'S AND TIER SUPPLIERS ABOUT THE BENEFITS AND EXPANDING IMPORTANCE OF THERMOSET AND THERMOPLASTIC COMPOSITES IN PASSENGER VEHICLES, LIGHT TRUCKS, AND OTHER GROUND TRANSPORTATION APPLICATIONS.
PLASTICS IN ELECTRIC & AUTONOMOUS VEHICLES CONFERENCE. PRESENT TO INDUSTRY DECISION MAKERS IN AUTOMOTIVE PLASTICS. BE PART OF THE ALL NEW SPE AUTOMOTIVE PLASTICS IN ELECTRIC & AUTONOMOUS VEHICLES CONFERENCE AND LEARN HOW ELECTRIC AND AUTONOMOUS VEHICLE DEVELOPMENT IS DRIVING INNOVATIVE AUTOMOTIVE SOLUTIONS. THIS EVENT FEATURED TECHNICAL PRESENTATIONS, KEYNOTE SPEAKERS AND PANEL DISCUSSIONS, NETWORKING BREAKFASTS, BREAKS, LUNCHES AND RECEPTIONS, AND EXHIBITS THAT HIGHLIGHT ADVANCES IN THIS FAST-GROWING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jitesh Desai Treasurer Administrator | Officer | 20 | $4,500 |
Bonnie Bennyhoff Volunteer | Officer | 5 | $1,500 |
Marc Bahm Director | Trustee | 2 | $0 |
Neil Fuenmayor Director | Trustee | 2 | $0 |
Umesh Gandhi Director | Trustee | 2 | $0 |
Drew Geda Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,250 |
| Total Program Service Revenue | $707,173 |
| Investment income | $25 |
| 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 | $728,572 |
| 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. | $12,000 |
| Compensation of current officers, directors, key employees. | $6,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,000 |
| Office expenses | $2,137 |
| Information technology | $5,988 |
| Royalties | $0 |
| Occupancy | $1,250 |
| Travel | $1,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $650,644 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $525 |
| All other expenses | $10,811 |
| Total functional expenses | $775,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,262 |
| Savings and temporary cash investments | $27,527 |
| 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 | $329,789 |
| 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 | $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 |
| Retained earnings, endowment, accumulated income, or other funds | $329,789 |
| Total liabilities and net assets/fund balances | $329,789 |