Materials Research Society
- Assets
- $12.1m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 43
- Location
- Warrendale, PA
- Founding
- 06/1991
- Data as of
- 12/2022
- EIN
- 31-1037979
Organization Overview
Materials Research Society is located in Warrendale, PA. 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 12/2022, Materials Research Society employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Materials Research Society 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, Materials Research Society generated $10.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $11.1m during the year ending 12/2022. While expenses have increased by 0.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MATERIALS RESEARCH SOCIETY (MRS) IS AN ORGANIZATION OF MATERIALS RESEARCHERS WORLDWIDE THAT PROMOTES COMMUNICATION FOR THE ADVANCEMENT OF INTERDISCIPLINARY MATERIALS RESEARCH AND TECHNOLOGY TO IMPROVE THE QUALITY OF LIFE.
Describe the Organization's Program Activity:
SYMPOSIA AND MEETINGS - MRS MEETINGS SERVE AS AN INTERNATIONAL STAGE FOR THE EXAMINATION AND DISSEMINATION OF CURRENT AND EMERGING MATERIALS RESEARCH. AT THE HEART OF THE MEETINGS PORTFOLIO ARE THE MRS SPRING AND FALL MEETINGS. RESEARCHERS FROM ALL SCIENTIFIC FIELDS, BACKGROUNDS AND EMPLOYMENT SECTORS FROM STUDENTS TO NOBEL LAUREATES CONVERGE AT THESE EVENTS TO EXCHANGE TECHNICAL INFORMATION, ENGAGE IN BROADER IMPACT PROGRAMMING, NETWORK WITH FRIENDS AND COLLEAGUES, AND CONTRIBUTE TO THE ADVANCEMENT OF MATERIALS RESEARCH. WHILE MRS SPRING AND FALL MEETINGS ARE AT THE CORE OF THE MEETINGS PORTFOLIO, MRS CONTINUES TO ENHANCE ITS SERVICE TO THE GLOBAL MATERIALS COMMUNITY BY ENDORSING AND CO-SPONSORING STANDALONE TECHNICAL WORKSHOPS AND CONFERENCES.
PUBLICATIONS AND NEWS - THE MRS PUBLICATIONS PORTFOLIO, COMPRISED OF FIVE PEER-REVIEWED JOURNALS, A BOOKS PROGRAM, AND MATERIALS RESEARCH NEWS, REFLECTS MRS'S STRENGTHS IN TECHNICAL QUALITY, INTERDISCIPLINARY FOCUS, AND CONTENT DELIVERY INNOVATION. THROUGH IT, MRS ENGAGES THE BROADEST POSSIBLE COMMUNITY, TOPICALLY, GEOGRAPHICALLY, AND INSTITUTIONALLY, WITH A MIX OF TRADITIONAL AND INNOVATIVE PUBLICATION PRODUCTS TO ADVANCE INTERDISCIPLINARY MATERIALS RESEARCH TO IMPROVE THE QUALITY OF LIFE. THE PORTFOLIO REFLECTS AND CAPTURES THE DYNAMIC, INTERDISCIPLINARY CHARACTER OF MATERIALS RESEARCH AND DEVELOPMENT, AND IS UTILIZED BY THE GLOBAL RESEARCH COMMUNITY AS A TRUSTED PLATFORM TO FIND, COMMUNICATE, AND DISCUSS RESULTS OF CRITICAL INTEREST TO THE TECHNICAL COMMUNITY. IT IS THE OBJECTIVE OF THE SOCIETY TO LEAD IN PROMOTING THE DEVELOPMENT AND DISTRIBUTION OF STATE-OF-THE-ART MATERIALS RESEARCH RESULTS, AND THE MRS PUBLICATIONS PORTFOLIO IS A KEY COMPONENT OF ACHIEVING THAT GOAL.
MEMBERSHIP - TWENTY-FOUR HOURS A DAY, SEVEN DAYS A WEEK, MATERIALS SCIENTISTS AND RESEARCHERS FROM AROUND THE WORLD ARE WORKING ON PROJECTS THAT HAVE THE POTENTIAL TO CHANGE THE WAY WE LIVE. YOU AND YOUR COLLEAGUES WORK IN A WIDE VARIETY OF SETTINGS AND ARE INTERESTED IN THE TOTAL SPECTRUM OF MATERIALS-RELATED ISSUES AND APPLICATIONS. YET IN MANY WAYS, YOUR GOALS AND CHALLENGES ARE MUCH THE SAME. TO SEEK INFORMATION. TO COLLABORATE WITH ONE ANOTHER ON GROUND-BREAKING TECHNIQUES. TO EARN THE RESPECT OF YOUR PEERS. AND TO REACH OUT TO YOUR COMMUNITIES.TO HELP YOU REACH THESE GOALS, ONE SOCIETY STANDS OUT FROM THE REST THE MATERIALS RESEARCH SOCIETY. FOUNDED IN 1973 TO PROMOTE INTERDISCIPLINARY GOAL-ORIENTED BASIC RESEARCH ON MATERIALS OF TECHNOLOGICAL IMPORTANCE, THE SOCIETY IS OVER 13,000 MEMBERS STRONG AND INCLUDES REGULAR, STUDENT, RETIRED AND UNEMPLOYED MEMBERSHIP OPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn R Duran President | OfficerTrustee | 1 | $0 |
Cherie R Kagan Immediate Past President | OfficerTrustee | 1 | $0 |
Sabrina Sartori Vice President | OfficerTrustee | 1 | $0 |
Dawnielle Farrar-Gaines Secretary | OfficerTrustee | 1 | $0 |
Shenda Baker Treasurer | OfficerTrustee | 1 | $0 |
Ilke Arslan Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Levy Restaurants Meeting Food And Beverage Services | 12/30/22 | $556,485 |
Cogent Global Solutions Inc Meeting Audio Visual Services | 12/30/22 | $920,075 |
Conferencedirect Llc Virtual And On-site Meeting Services | 12/30/22 | $307,695 |
Boston Park Plaza Meeting Venue | 12/30/22 | $245,518 |
Smg Long Beach Convention Center Meeting Venue | 12/30/22 | $241,258 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $212,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $670,268 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $882,777 |
| Total Program Service Revenue | $7,577,983 |
| Investment income | $192,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,235,022 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,482,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,700 |
| Grants and other assistance to domestic individuals. | $64,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $23,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $791,642 |
| Compensation of current officers, directors, key employees. | $256,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,283,321 |
| Pension plan accruals and contributions | $112,626 |
| Other employee benefits | $423,925 |
| Payroll taxes | $231,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,383 |
| Fees for services: Accounting | $27,349 |
| Fees for services: Lobbying | $30,369 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,025 |
| Fees for services: Other | $885,905 |
| Advertising and promotion | $36,456 |
| Office expenses | $78,495 |
| Information technology | $317,418 |
| Royalties | $0 |
| Occupancy | $120,328 |
| Travel | $416,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,483 |
| Insurance | $89,688 |
| All other expenses | $37,553 |
| Total functional expenses | $11,066,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,225 |
| Savings and temporary cash investments | $795,012 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $930,793 |
| 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 | $416,439 |
| Net Land, buildings, and equipment | $1,063,879 |
| Investments—publicly traded securities | $8,507,277 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,074,625 |
| Accounts payable and accrued expenses | $1,814,706 |
| Grants payable | $0 |
| Deferred revenue | $1,240,946 |
| 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 | $3,055,652 |
| Net assets without donor restrictions | $8,101,313 |
| Net assets with donor restrictions | $917,660 |
| 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 | $12,074,625 |
Grants Awarded
Over the last fiscal year, Materials Research Society has awarded $40,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DREXEL UNIVERSITY PURPOSE: MRS FOUNDATION GRANT | $10,000 |
OKLAHOMA STATE UNIVERSITY PURPOSE: MRS FOUNDATION GRANT | $10,000 |
DREXEL UNIVERSITY PURPOSE: MRS FOUNDATION GRANT | $10,000 |
OKLAHOMA STATE UNIVERSITY PURPOSE: MRS FOUNDATION GRANT | $10,000 |