Solution Mining Research Institute Inc
- Assets
- $1.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Clarks Summit, PA
- Founding
- 06/1966
- Data as of
- 12/2023
- EIN
- 36-2590076
Organization Overview
Solution Mining Research Institute Inc is located in Clarks Summit, PA. The organization was established in 1966. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Solution Mining Research Institute Inc 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, Solution Mining Research Institute Inc generated $1.2m 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 $1.1m during the year ending 12/2023. While expenses have increased by 5.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SPONSOR AND ENGAGE IN RESEARCH RELATED TO SOLUTION MINING, CAVERN UTILIZATION, AND ENVIRONMENTAL EFFECTS THEREOF AND TO PRESENT PAPERS OF CURRENT INTEREST TO THE INDUSTRY RELATIVE TO SOLUTION MINING AND CAVERN UTILIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING PROGRAMS OF RESEARCH ARE: CORRELATION OF PHYSICAL CHARACTERISTICS OF VARIOUS SALT WITH MECHANICAL PROPERTIES FOR DESIGN PURPOSES; COLLECTION, STORAGE AND DISTRIBUTION OF STANDARD ROCK SALT SPECIMENS; EVALUATING STRAIN MEASUREMENTS AT CAVERN STASSFURT; THERMAL EXPANSION COEFFICIENT OF ROCK SALT TO ADDRESS THERMAL INDUCED STRESSES IN CYCLIC STORAGE CAVERNS; CREEP BEHAVIOR UNDER SMALL DEVIATORIC STRESS. FOUR RESEARCH PROJECTS COMPLETED IN 2021 THAT ARE OF IMPORTANCE TO THE INDUSTRY WERE: OPTIMIZATION OF CRITICAL FLOW VELOCITY IN PARTIALLY CONFINED HANGING STRINGS; OPTIMIZATION OF CAVERN BACKFILLING TECHNIQUES; UPDATE OF THE PAST SALT CAVERN INCIDENT DATABASE; AND DEVELOPMENT OF A SUITABLE MONITORING SYSTEM TO MEASURE AXIAL LOADS IN CASINGS.
THE INSTITUTE HELD A SEMI-ANNUAL MEETING OF MEMBERS REGARDING MAJOR ASPECTS OF SOLUTION MINING. THE CONFERENCES WERE HELD IN DETROIT, MICHIGAN AND SAN ANTONIO, TEXAS. BOTH CONFERENCES HAD A VIRTUAL OPTION FOR THOSE MEMBERS ELECTING THAT OPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Nadeau Executive Di | Trustee | 30 | $0 |
Dr Andreas Reitze President | Officer | $0 | |
Dan Noack Vice Preside | Officer | $0 | |
Yvan Charnavel Secretary/tr | Officer | $0 | |
Dr Kurt Looff Program Chai | Trustee | $0 | |
Dr Dirk Zapf Asst. Progra | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $460,691 |
| 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 | $460,691 |
| Total Program Service Revenue | $718,914 |
| Investment income | $39,724 |
| 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 | $1,219,329 |
| 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 | $863,948 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $216,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $424 |
| Office expenses | $4,193 |
| Information technology | $3,780 |
| Royalties | $0 |
| Occupancy | $1,583 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,030 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,367 |
| All other expenses | $0 |
| Total functional expenses | $1,134,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,820 |
| Savings and temporary cash investments | $960,187 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $286 |
| Total assets | $1,040,293 |
| 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 | $1,310 |
| Total liabilities | $1,310 |
| Net assets without donor restrictions | $1,038,983 |
| 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 | $1,040,293 |