Minerals Metals & Materials Society Inc
- Assets
- $10.5m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 38
- Location
- Pittsburgh, PA
- Founding
- 02/1985
- Data as of
- 12/2022
- EIN
- 25-1484913
Organization Overview
Minerals Metals & Materials Society Inc is located in Pittsburgh, PA. The organization was established in 1985. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Minerals Metals & Materials Society Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minerals Metals & Materials Society Inc 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, Minerals Metals & Materials Society Inc generated $7.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $9.1m during the year ending 12/2022. 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
TO PROMOTE THE GLOBAL SCIENCE AND ENGINEERING PROFESSIONS CONCERNED WITH MINERALS, METALS, AND MATERIALS. INCLUDED AMONG THE ORGANIZATION'S ACTIVITIES ARE: PROVIDING FORUMS AND OTHER OPPORTUNITIES TO EXCHANGE AND DISSEMINATE INFORMATION PERTINENT TO THE MINERALS, METALS, AND MATERIALS COMMUNITY, THE PROMOTION OF TECHNOLOGY TRANSFER IN INDUSTRY, PROVIDING PROFESSIONAL DEVELOPMENT AND CAREER MAINTENANCE TO MEMBERS, PARTICIPATION IN THE DEVELOPMENT OF STUDENTS FOR ENTRY INTO THE MINERALS, METALS, ANDMATERIALS PROFESSIONS, AND THE REPRESENTATION OF THE RELATED PROFESSIONS IN THE ACCREDITATION OF EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS - PROVIDES A FORUM FOR THE ORGANIZATION'S MEMBERS AND OTHER PROFESSIONALS IN THE MINERALS, METALS, AND MATERIALS FIELDS TO EXCHANGE INFORMATION, PROMOTE TECHNOLOGY TRANSFER AND TO NETWORK. MANY OF THE MEETINGS PROVIDE SHORT COURSES AND EXHIBITION IN CONJUNCTION WITH THE TECHNICAL PROGRAM, IN ADDITION TO OFFERING A MYRIAD OF NETWORKING OPPORTUNITIES. MEETINGS ARE OFFERED BOTH IN PERSON AND VIRTUALLY.
THE OTHER PROGRAM SERVICES ADMINISTERED BY THE ORGANIZATION INCLUDE PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION SERVICES, AND THE DEVELOPMENT AND FUNDING OF PROGRAMS THAT WILL FULLY PREPARE FUTURE GENERATIONS OF PROFESSIONALS FOR LEADERSHIP ROLES IN THE INTERNATIONAL MINERALS, METALS, AND MATERIALS COMMUNITY.
PUBLICATIONS AND PERIODICALS DISSEMINATE THE LATEST TECHNOLOGIES, RESEARCH SUMMARIES, NEWS, AND RELATED TOPICS, APPLICABLE TO THE MINERALS, METALS, AND MATERIALS COMMUNITY.
MEMBERSHIP SERVICES PROVIDE INDIVIDUAL PROFESSIONAL AND STUDENT MEMBERS WITH CURRENT INFORMATION IN THE FIELDS OF MINERALS, METALS, AND MATERIALS. IN ADDITION, MEMBERS RECEIVE ACCESS TO NUMEROUS DATABASES AND OTHER RESOURCES, CONTINUING EDUCATION, AND CAREER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Boyce President | OfficerTrustee | 10 | $0 |
Saryu Fensin Director | Trustee | 5 | $0 |
Michael Titus Director | Trustee | 5 | $0 |
Viola Acoff Director | Trustee | 5 | $0 |
Kester Clarke Director | Trustee | 5 | $0 |
Paul Mason Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hilton Bayfront Meeting Services | 12/30/23 | $336,784 |
Knowledgeworks Global Ltd Editorial Services | 12/30/23 | $183,148 |
Ideal Integrations It | 12/30/23 | $175,839 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $455,328 |
| Noncash contributions included in lines 1a–1f | $52,236 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,991 |
| Total Program Service Revenue | $4,184,437 |
| Investment income | $193,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,940,557 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $682,487 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,580,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $184,014 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $655,858 |
| Compensation of current officers, directors, key employees. | $655,858 |
| Compensation to disqualified persons | $143,185 |
| Other salaries and wages | $2,855,940 |
| Pension plan accruals and contributions | $149,751 |
| Other employee benefits | $292,340 |
| Payroll taxes | $251,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,364 |
| Fees for services: Accounting | $14,800 |
| Fees for services: Lobbying | $35,940 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $143,402 |
| Fees for services: Other | $1,137,739 |
| Advertising and promotion | $22,482 |
| Office expenses | $416,042 |
| Information technology | $287,039 |
| Royalties | $0 |
| Occupancy | $349,618 |
| Travel | $157,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,885,911 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,306 |
| Insurance | $34,824 |
| All other expenses | $0 |
| Total functional expenses | $9,113,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,507 |
| Savings and temporary cash investments | $600,182 |
| Pledges and grants receivable | $19,252 |
| Accounts receivable, net | $1,082,517 |
| 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 | $457,075 |
| Net Land, buildings, and equipment | $106,969 |
| Investments—publicly traded securities | $6,475,952 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,464,610 |
| Total assets | $10,489,064 |
| Accounts payable and accrued expenses | $452,315 |
| Grants payable | $0 |
| Deferred revenue | $804,129 |
| 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 | $946,937 |
| Total liabilities | $2,203,381 |
| Net assets without donor restrictions | $6,843,953 |
| Net assets with donor restrictions | $1,441,730 |
| 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 | $10,489,064 |
Grants Awarded
Over the last fiscal year, Minerals Metals & Materials Society Inc has awarded $23,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ASM PURPOSE: MATERIALS CAMP | $7,000 |
AIST PURPOSE: REGISTRATION FOR CONFERENCE FOR AWARDEES | $6,500 |
MATERIALS RESEARCH SOCIETY PURPOSE: CONFERENCE SUPPORT | $10,000 |