Society For Industrial Microbiology And Biotechnology
- Assets
- $1.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Fairfax, VA
- Founding
- 10/1964
- Data as of
- 12/2023
- EIN
- 35-6026526
Organization Overview
Society For Industrial Microbiology And Biotechnology is located in Fairfax, VA. The organization was established in 1964. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Society For Industrial Microbiology And Biotechnology employed 6 individuals. This organization is the central organization for a national or regional group of organizations. Society For Industrial Microbiology And Biotechnology 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 12/2023, Society For Industrial Microbiology And Biotechnology generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 2.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SIMB'S PRIMARY PURPOSE IS THE ADVANCEMENT OF MICROBIOLOGICAL SCIENCES AS APPLIED TO INDUSTRIAL MATERIALS AND PROCESSES. IT PROMOTES THE EXCHANGE OF SCIENTIFIC INFORMATION THROUGH ITS MESSAGE AND PUBLICATIONS AND SERVES AS LIAISON AMOUNG THE SPECIALIZED FIELD OF MICROBIOLOGY.
Describe the Organization's Program Activity:
DURING 2022, THE SIMB MEMBER MAGAZINE, SIMB NEWS, WAS PUBLISHED QUARTERLY, BOTH IN PRINT AND ONLINE. SIMB CONTINUES TO MAINTAIN ITS WEBSITE AT THE HEADQUARTERS.SIMB ALSO PRODUCED THE PEER-REVIEWED JOURNAL OF INDUSTRIAL MICROBIOLOGY AND BIOTECHNOLOGY VIA OXFORD UNIVERSITY PRESS, WHICH IS PROVIDED TO ALL SIMB MEMBERS AS WELL AS OTHER ORGANIZATIONS.SIMB HELD ITS ANNUAL MEETING AND HELD TWO SPECIAL CONFERENCES: THE 44TH ANNUAL SYMPOSIUM ON BIOMATERIALS, FUELS AND CHEMICALS (SBFC) AND THE 14TH RECENT ADVANCES IN FERMENTATION TECHNOLOGY(RAFT)CONFERENCE.THE SIMB HEADQUARTERS PROVIDED SUPPORT AND INFORMATION SERVICES TO ITS MEMBERSHIP THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haley Cox Executive Dir. | Trustee | 40 | $107,100 |
Noel Fong Director | Trustee | 20 | $0 |
Nigel Mouncey Past President | OfficerTrustee | 5 | $0 |
Elisabeth Elder Secretary | OfficerTrustee | 8 | $0 |
Laura Jarboe Director | Trustee | 7 | $0 |
Katy Kao Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $149,722 |
| 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 | $149,722 |
| Total Program Service Revenue | $1,818,493 |
| Investment income | $8,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,988,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $107,100 |
| Compensation of current officers, directors, key employees. | $52,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $321,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,059 |
| Payroll taxes | $32,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $37,684 |
| Information technology | $24,200 |
| Royalties | $0 |
| Occupancy | $12,343 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $689,565 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,684 |
| Insurance | $1,818 |
| All other expenses | $101,409 |
| Total functional expenses | $1,766,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,946 |
| Savings and temporary cash investments | $84,465 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,318 |
| 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 | $24,780 |
| Net Land, buildings, and equipment | $132,075 |
| Investments—publicly traded securities | $794,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,388,022 |
| Accounts payable and accrued expenses | $46,328 |
| Grants payable | $0 |
| Deferred revenue | $72,360 |
| 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 | $118,688 |
| Net assets without donor restrictions | $1,269,334 |
| 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 | $1,388,022 |