Strategic Management Society Inc
- Assets
- $8.4m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 02/1983
- Data as of
- 12/2022
- EIN
- 31-1051434
Organization Overview
Strategic Management Society Inc is located in Chicago, IL. The organization was established in 1983. As of 12/2022, Strategic Management Society Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strategic Management 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, Strategic Management Society Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 2.8% 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.
Since 2018, Strategic Management Society Inc has awarded 16 individual grants totaling $168,048. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRATEGIC MANAGEMENT RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND MEETINGS - THE SOCIETY PLANS AND EXECUTES TWO TO FOUR CONFERENCES PER YEAR, FACILITATING COOPERATION AND THE INTERCHANGE OF IDEAS AMONG 150-1,300 ATTENDING ACADEMICS, BUSINESS PRACTITIONERS, AND CONSULTANTS.
MEMBERSHIP AND JOURNALS - AS A PROFESSIONAL MEMBERSHIP SOCIETY OF ACADEMICS, BUSINESS PRACTIONERS, AND CONSULTANTS IN THE FIELD OF STRATEGIC MANAGEMENT, THE SOCIETY ASSESSES MEMBERSHIP DUES. THE SOCIETY ALSO PUBLISHES THREE LEADING ACADEMIC JOURNALS:"STRATEGIC MANAGEMENT JOURNAL", "STRATEGIC ENTREPRENEURSHIP JOURNAL", AND "GLOBAL STRATEGY JOURNAL".
RESEARCH AND AWARDS - THE SOCIETY FUNDS VARIOUS RESEARCH PROJECTS TO ADVANCE THE FIELD OF STRATEGIC MANAGEMENT AND ACKNOWLEDGES ACHIEVEMENT AND SCHOLARLY EXCELLENCE THROUGH AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Grobicki Executive Director | Officer | 40 | $248,895 |
Africa Arino President | OfficerTrustee | 6 | $0 |
Yan Anthea Zhang President-Elect | OfficerTrustee | 4 | $0 |
Javier Gimeno Past President | OfficerTrustee | 4 | $0 |
Tomi Laamanen Treasurer (jan-June) | OfficerTrustee | 4 | $0 |
Craig Crossland Treasurer (june - Dec) | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $169,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,837 |
| Total Program Service Revenue | $2,288,643 |
| Investment income | $153,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $117,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,747,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $182,920 |
| Grants and other assistance to Foreign Orgs/Individuals | $69,102 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $259,993 |
| Compensation of current officers, directors, key employees. | $259,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $369,165 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,631 |
| Payroll taxes | $40,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,425 |
| Fees for services: Accounting | $35,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,000 |
| Fees for services: Other | $24,009 |
| Advertising and promotion | $0 |
| Office expenses | $43,091 |
| Information technology | $409,255 |
| Royalties | $0 |
| Occupancy | $49,236 |
| Travel | $18,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $530,395 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,477 |
| All other expenses | $23,782 |
| Total functional expenses | $2,316,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,375 |
| Savings and temporary cash investments | $1,324,302 |
| 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 | $6,853,036 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,360,713 |
| 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 | $8,360,713 |
| 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 | $8,360,713 |
Grants Awarded
Over the last fiscal year, Strategic Management Society Inc has awarded $144,750 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD JUDGMENT INC PURPOSE: RESEARCH | $20,000 |
GOOD JUDGMENT INC PURPOSE: RESEARCH | $20,000 |
PITCHBOOK DATA INC PURPOSE: RESEARCH | $15,000 |
PITCHBOOK DATA INC PURPOSE: RESEARCH | $15,000 |
BURNING GLASS INTERNATIONAL INC PURPOSE: RESEARCH | $10,000 |
QUALTRICS LLC PURPOSE: RESEARCH | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Strategic Management Society Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
University Of Notre Dame Du Lac Notre Dame, IN PURPOSE: see Part IV | $7,500 |
Endowment Analysis
| Beg. Balance | $4,509,954 |
| Earnings | -$713,525 |
| Grants | $195,698 |
| Ending Balance | $3,600,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Arts Partnerships In Education Chicago, IL | $1,136,349 | $2,780,346 |
Strategic Management Society Inc Chicago, IL | $8,360,713 | $2,747,459 |
African American Chamber Of Commerce Milwaukee, WI | $1,374,812 | $731,634 |
Illinois Digital Educators Alliance Joliet, IL | $1,585,715 | $602,330 |
Indiana Non-Public Education Association Indianapolis, IN | $863,432 | $733,739 |
Leadership Academy Of Madison County Anderson, IN | $175,434 | $0 |
Minority Engineering Program Of Indiana Indianapolis, IN | $306,807 | $0 |
Whittier School Parent Teacher Organization Pto Oak Park, IL | $113,679 | $0 |
Fcsi Education Foundation Inc Louisville, KY | $494,637 | $0 |
George F And Virginia B Markham Foundation Inc Milwaukee, WI | $363,528 | $12,061 |
Mccreary County Educational Development Foundation Inc Stearns, KY | $19,370 | $0 |
Whitesburg Education Development Foundation Whitesburg, KY | $27,004 | -$52,476 |