Society Of Vacuum Coaters
- Assets
- $899.7k
- Revenue
- $964.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Albuquerque, NM
- Founding
- 02/1971
- Data as of
- 12/2022
- EIN
- 34-6622249
Organization Overview
Society Of Vacuum Coaters is located in Albuquerque, NM. The organization was established in 1971. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Vacuum Coaters 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, Society Of Vacuum Coaters generated $964.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $967.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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
TO PROMOTE TECHNICAL EXCELLENCE BY PROVIDING A GLOBAL FORUM TO INFORM, EDUCATE, AND ENGAGE THE MEMBERS, THE TECHNICAL COMMUNITY, AND THE PUBLIC ON ALL ASPECTS OF VACUUM COATING, SURFACE ENGINEERING, AND RELATED TECHNOLOGIES.
Describe the Organization's Program Activity:
TECHNICAL CONFERENCE - ANNUAL FORUM FOR THE DISSEMINATION OF RESEARCH AND DEVELOPMENT OF DATA IN THE FIELD OF VACUUM COATING. TECHNICAL CONFERENCES HAVE RESULTED IN A RAPIDLY GROWING INTERNATIONAL ATTENDANCE, A GROWING NUMBER OF INDUSTRIAL EXHIBITORS AND A WORLDWIDE REPUTATION FOR A QUALITY TECHNICAL PROGRAM, EDUCATION PROGRAM, AND EXHIBIT. SPECIAL OPPORTUNITIES SUPPORTING STUDENTS AND THE FUTURE OF VACUUM COATING ARE OFFERED THROUGH THE STUDENT SPONSORSHIP PROGRAM.
STUDENT SPONSORSHIPS ARE PROVIDED TO SELECTED INDIVIDUALS TO ENABLE THEM TO ATTEND THE ANNUAL TECHNICAL CONFERENCE. STIPENDS ARE PAID DIRECTLY TO THE RECIPIENTS AND SOME PAYMENTS ARE MADE DIRECTLY TO THE BILLING SOURCE TO COVER RELATED EXPENSES OF THE CONFERENCE.
EDUCATION COURSES - EDUCATIONAL SEMINARS FOR THE DISSEMINATION OF TECHNICAL MATERIAL IN THE FIELD OF VACUUM COATING. THE ORGANIZATION'S BROAD EDUCATION PROGRAM INCLUDES A COMPREHENSIVE LIST OF SHORT COURSES ON THE FUNDAMENTALS OF VACUUM COATING AND RELATED TECHNOLOGIES, AND A UNIQUE SELF-PACED ON-LINE TUTORIAL.
TECHNICAL PUBLICATIONS - EDUCATIONAL PUBLICATIONS FOR THE DISSEMINATION OF TECHNICAL MATERIAL IN THE FIELD OF VACUUM COATING. PUBLICATIONS INCLUDE, BUT ARE NOT LIMITED TO, BULLETINS PUBLISHED THREE TIMES PER YEAR AND THE ANNUAL TECHNICAL CONFERENCE PROCEEDINGS WHICH PROVIDE VIEWS ON SPECIALIZED TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank T Zimone Executive Di | Trustee | 40 | $190,550 |
Christopher Muratore Director | Trustee | 1.5 | $500 |
Jacob Bertrand Director | Trustee | 1.5 | $0 |
Wilmert DE Bosscher Director | Trustee | 1.5 | $0 |
Lee Howell Director | Trustee | 1.5 | $0 |
Larry Scipioni Director | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asm International Svs Management Fee | 12/30/16 | $309,195 |
Management Plus Inc Mgt Fee | 12/30/16 | $248,422 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $148,032 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,032 |
| Total Program Service Revenue | $614,761 |
| Investment income | $11,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,738 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $964,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,820 |
| Grants and other assistance to domestic individuals. | $4,675 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| 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 | $287,167 |
| Pension plan accruals and contributions | $17,649 |
| Other employee benefits | $14,516 |
| Payroll taxes | $11,919 |
| Fees for services: Management | $1,646 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,719 |
| Office expenses | $42,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,530 |
| Travel | $10,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $308,442 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $681 |
| Insurance | $5,746 |
| All other expenses | $28,105 |
| Total functional expenses | $967,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900 |
| Savings and temporary cash investments | $266,528 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,541 |
| 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 | $49,981 |
| Net Land, buildings, and equipment | $16,445 |
| Investments—publicly traded securities | $537,354 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $899,749 |
| Accounts payable and accrued expenses | $17,074 |
| Grants payable | $0 |
| Deferred revenue | $393,969 |
| 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 | $148,353 |
| Other liabilities | -$41 |
| Total liabilities | $559,355 |
| Net assets without donor restrictions | $339,394 |
| Net assets with donor restrictions | $1,000 |
| 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 | $899,749 |