Society For Marketing Professional Services
- Assets
- $3.0m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 17
- Location
- Alexandria, VA
- Founding
- 05/1991
- Data as of
- 08/2021
- EIN
- 23-7433927
Organization Overview
Society For Marketing Professional Services is located in Alexandria, VA. The organization was established in 1991. 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. As of 08/2021, Society For Marketing Professional Services employed 17 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Society For Marketing Professional Services is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2021, Society For Marketing Professional Services generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $3.6m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 5 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
SMPS PROVIDES EDUCATION, TRAINING, AND NETWORKING OPPORTUNITIES FOR MARKETING PROFESSIONALS PRIMARILY IN THE ARCHITECTURAL, ENGINEERING AND CONSTRUCTION INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD BUSINESS - ANNUAL CONFERENCE HELD TO PROVIDE PROFESSIONAL DEVELOPMENT AND NETWORKING FOR PROFESSIONAL SERVICES MARKETERS.
PIVOT & FOCUS: ONGOING FREE AND REDUCED PRICE PROFESSIONAL DEVELOPMENT FOR MARKETERS DURING THE COVID-19 PANDEMIC.
MEMBERSHIP AND CHAPTER SERVICES. TRAINING AND SUPPORT FOR 58 CHAPTERS.
OTHER PROGRAM SERVICES INCLUDING BI-MONTHLY JOURNAL,
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Geary CEO | OfficerTrustee | 40 | $242,800 |
Joshua Miles Cmo | Officer | 40 | $138,935 |
Tina Myers Deputy CEO | Officer | 40 | $137,192 |
Marci Thompson Chief Learning Officer | Officer | 40 | $107,786 |
Antonio Payne CFO | Officer | 40 | $104,001 |
Doug Parker President | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,986,275 |
| Fundraising events | $0 |
| 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 | $1,986,275 |
| Total Program Service Revenue | $1,182,463 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $271,033 |
| 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 | $3,752,431 |
| 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 | $730,714 |
| 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 | $837,784 |
| Pension plan accruals and contributions | $83,376 |
| Other employee benefits | $173,660 |
| Payroll taxes | $115,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,560 |
| 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 | $224,080 |
| Advertising and promotion | $313,952 |
| Office expenses | $114,202 |
| Information technology | $177,651 |
| Royalties | $0 |
| Occupancy | $125,567 |
| Travel | $71,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $331,447 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,588 |
| Insurance | $39,361 |
| All other expenses | $0 |
| Total functional expenses | $3,608,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,083 |
| Savings and temporary cash investments | $0 |
| 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 | $60,037 |
| Net Land, buildings, and equipment | $82,128 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,844,109 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,022,357 |
| Accounts payable and accrued expenses | $108,421 |
| Grants payable | $0 |
| Deferred revenue | $1,321,642 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $117,095 |
| Total liabilities | $1,697,158 |
| Net assets without donor restrictions | $1,325,199 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,022,357 |
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|---|---|---|
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International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |