Society For Human Resource Management
- Assets
- $295.5m
- Revenue
- $198.7m
- Investments
- $100.1m
- Employees
- 446
- Location
- Alexandria, VA
- Founding
- 09/1965
- Data as of
- 12/2023
- EIN
- 34-0948453
Organization Overview
Society For Human Resource Management is located in Alexandria, VA. The organization was established in 1965. 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 12/2023, Society For Human Resource Management employed 446 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Society For Human Resource Management 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 12/2023, Society For Human Resource Management generated $198.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $207.4m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 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 2014, Society For Human Resource Management has awarded 55 individual grants totaling $21,437,261. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SHRM'S MISSION IS TO SERVE THE NEEDS OF HUMAN RESOURCE PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS AND EDUCATIONAL PROGRAMS: SHRM PROVIDES VARIOUS FORUMS AND PRODUCTS TO HELP EDUCATE HUMAN RESOURCE PROFESSIONALS, DISSEMINATE INFORMATION ON HUMAN RESOURCE ISSUES AND PROVIDE A NETWORKING FORUM FOR SUCH PROFESSIONALS.
MEMBERSHIP SERVICES: SHRM PROVIDES GLOBAL BEST PRACTICES, TRENDS, RESEARCH RESULTS, AND TOOLS TO HUMAN RESOURCE PROFESSIONALS.
GOVERNMENT AND PUBLIC AFFAIRS: SHRM MONITORS CONGRESSIONAL ACTIONS THAT IMPACT HUMAN RESOURCE MANAGEMENT ISSUES AND REPRESENTS MEMBERS' POSITIONS ON PENDING LEGISLATION AND REGULATORY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnny C Taylor Jr Shrm-Scp, President & CEO | OfficerTrustee | 39 | $3,510,928 |
Emily M Dickens JD Secretary, Chief Of Staff. | Officer | 40 | $1,073,029 |
Nicholas Schacht Shrm-Scp Chief Commercial Officer | Officer | 40 | $696,981 |
Jim Link Shrm-Scp Chro | Officer | 40 | $722,320 |
Sean P Roddy CPA Treasurer & CFO | Officer | 40 | $797,605 |
Michael Aitken Chief Membership Officer | Officer | 40 | $600,835 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meritb2b Llc Marketing Services | 12/30/23 | $3,439,120 |
Heve Llc Content Services | 12/30/23 | $9,483,386 |
Navistar Direct Marketing Marketing Services | 12/30/23 | $1,652,814 |
The Clavo Group Llc Event Production | 12/30/23 | $683,396 |
Holland Knight Legal Services | 12/30/23 | $1,324,991 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $187,654,283 |
| Investment income | $2,753,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $866,364 |
| Net Rental Income | $510,517 |
| Net Gain/Loss on Asset Sales | $210,107 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,183,788 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $198,684,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $318,967 |
| 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. | $9,144,961 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,578,669 |
| Pension plan accruals and contributions | $4,250,351 |
| Other employee benefits | $5,329,457 |
| Payroll taxes | $2,985,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,034,057 |
| Fees for services: Accounting | $1,124,281 |
| Fees for services: Lobbying | $1,200,580 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $436,812 |
| Fees for services: Other | $13,892,141 |
| Advertising and promotion | $22,420,734 |
| Office expenses | $12,047,629 |
| Information technology | $20,182,368 |
| Royalties | $0 |
| Occupancy | $5,681,375 |
| Travel | $3,985,933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,307,020 |
| Interest | $74,520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,342,726 |
| Insurance | $935,548 |
| All other expenses | $21,110,641 |
| Total functional expenses | $207,410,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,696,245 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,641,187 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,174,219 |
| Prepaid expenses and deferred charges | $16,090,677 |
| Net Land, buildings, and equipment | $48,000,975 |
| Investments—publicly traded securities | $97,109,125 |
| Investments—other securities | $100,091,674 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,733,163 |
| Total assets | $295,537,265 |
| Accounts payable and accrued expenses | $12,337,048 |
| Grants payable | $0 |
| Deferred revenue | $64,148,577 |
| 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 | $14,409,683 |
| Total liabilities | $90,895,308 |
| Net assets without donor restrictions | $204,641,957 |
| 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 | $295,537,265 |
Grants Awarded
Over the last fiscal year, Society For Human Resource Management has awarded $242,150 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JOBS FOR AMERICA'S GRADUATES INC PURPOSE: GENERAL OPS. SUPPORT | $100,000 |
STEP UP LEADERSHIP ACADEMY INC PURPOSE: GENERAL OPS. SUPPORT | $50,000 |
UNITED WAY WORLDWIDE PURPOSE: GENERAL OPS. SUPPORT | $25,000 |
NATIONAL ACADEMY OF HUMAN RESOURCES PURPOSE: GENERAL OPS. SUPPORT | $12,000 |
TEAM AID INC PURPOSE: GENERAL OPS. SUPPORT | $5,150 |
THE THIRD WAY FOUNDATION INC PURPOSE: GENERAL OPS. SUPPORT | $50,000 |