Society Of Manufacturing Engineers
- Assets
- $75.2m
- Revenue
- $51.6m
- Investments
- $0.0
- Employees
- 238
- Location
- Southfield, MI
- Founding
- 01/1953
- Data as of
- 12/2022
- EIN
- 38-0298770
Organization Overview
Society Of Manufacturing Engineers, operating under the name Tooling U-Sme, is located in Southfield, MI. The organization was established in 1953. 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, Tooling U-Sme employed 238 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Tooling U-Sme 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, Tooling U-Sme generated $51.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $60.0m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE MANUFACTURING TECHNOLOGY, DEVELOP A SKILLED WORKFORCE, COLLABORATE, AGGREGATE AND DISSEMINATE TECHNICAL KNOWLEDGE & EXPERTISE, AND BECOME A LEADER IN MANUFACTURING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPOSITIONS AND CONFERENCES - EXPOSITIONS PROVIDE OPPORTUNITIES FOR MANUFACTURING PROFESSIONALS TO EXPAND THEIR KNOWLEDGE BY WITNESSING THE LATEST TECHNOLOGY AND PRODUCTION METHODS IN ACTION, NETWORKING WITH INDUSTRY EXPERTS AND LEARNING ABOUT EMERGING TECHNOLOGIES AND INDUSTRIES. IN ADDITION TO CONFERENCES, FREE/COMPLIMENTARY EDUCATION IS CONDUCTED WITHIN THE EXHIBIT HALL. STUDENT PROGRAMS AT EVENTS INTRODUCE YOUNG PEOPLE TO CAREERS IN MANUFACTURING AND EDUCATE THEM ON TECHNOLOGY AND OPPORTUNITIES AVAILABLE. MANUFACTURERS FROM AROUND THE WORLD COME TO FIND SOLUTIONS THAT IMPROVE PROCESSES, INCREASE QUALITY AND EXPLORE NEW TECHNOLOGIES. THE TOTAL ATTENDANCE AT SOCIETY OF MANUFACTURING ENGINEERS ("SME") EXPOSITIONS AND CONFERENCES IN 2023 WAS 96,496.
TRAINING AND DEVELOPMENT - TOOLING U-SME DELIVERS VERSATILE, COMPETENCY-BASED LEARNING AND DEVELOPMENT SOLUTIONS TO THE MANUFACTURING COMMUNITY THROUGH A VARIETY OF LEARNING OPTIONS INCLUDING ONLINE TRAINING, INSTRUCTOR-LED TRAINING, CERTIFICATIONS, BOOK AND VIDEOS. TOOLING U-SME PARTNERS WITH CUSTOMERS TO BUILD HIGH PERFORMERS WHO HELP THEIR COMPANIES DRIVE QUALITY, PROFITABILITY, PRODUCTIVITY, INNOVATION AND EMPLOYEE SATISFACTION. WORKING DIRECTLY WITH HUNDREDS OF HIGH SCHOOLS, COMMUNITY COLLEGES AND UNIVERSITIES, TOOLING U-SME IS ABLE TO HELP PREPARE THE NEXT GENERATION WORKFORCE BY PROVIDING INDUSTRY-DRIVEN CURRICULUM.
PUBLICATIONS - SME INCORPORATES EDUCATION & TRAINING INTO EVERYTHING WE DO. SME MEDIA'S EDITORIAL CONTENT CALENDAR SCHEDULES A THEME FOR EACH MONTH WHICH IS SELECTED TO ENHANCE THE KNOWLEDGE IN A PARTICULAR ENGINEERING DISCIPLINE. THE SCHEDULE OF MONTHLY THEMES CORRELATES WITH THE APPROPRIATE UPCOMING CONFERENCES OR TRADE SHOWS TO ROUND OUT THE EDUCATIONAL EXPERIENCE. FOR EACH THEME, THE EDITOR AND STAFF OF SME MEDIA INTERVIEWS ORGANIZATIONS WITH PRODUCTS, SERVICES & NEW TECHNOLOGIES THAT HELP ADVANCE THE FEATURED ENGINEERING DISCIPLINE. MANY OF THESE ORGANIZATIONS WILL BE INCLUDED IN THE EDITORIAL CONTENT OF THE MAGAZINES AND DIGITAL PRODUCTS, WHILE OTHERS ARE INVITED TO PLACE AN ADVERTISEMENT MEETING CERTAIN SPECIFICATIONS DESIGNED TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE AUDIENCE WITH RESPECT TO THE FEATURED EDITORIAL CONTENT. THE SME MEDIA CONTENT IS OFTEN LINKED TO THE CONFERENCE OR TRADE SHOW THEME TO ADVANCE PROMOTE THE EVENT AND CORRESPONDING TOPIC. SME MEDIA PROVIDES TIMELY INFORMATION ABOUT EMERGING TECHNOLOGIES AND INDUSTRIES THROUGH ITS EDUCATIONAL CONTENT AND ADVERTISEMENTS. THE MAGAZINES AND DIGITAL PROPERTIES FURTHER SME'S EXEMPT PURPOSE BY PROVIDING EDUCATION IN SUPPORT OF SME'S EXPOSITIONS AND OTHER EDUCATIONAL EVENTS. THE TOTAL PRINT AND DIGITAL AUDIENCE FOR SME MEDIA IN 2023 WAS 900,380 COPIES. SME MEDIA ALSO PROVIDES A WEEKLY E-NEWSLETTER WHICH FOCUSES ON OUR FOUR CORE DISCIPLINES: AEROSPACE & DEFENSE, ENERGY, MEDICAL AND MOTORIZED VEHICLES. THE CONTENT IS DELIVERED THROUGH A FULLY INTEGRATED MEDIA PORTFOLIO, WHICH MAKES INFORMATION AVAILABLE IN PRINT, ONLINE, EMAIL, MOBILE APPS, SOCIAL MEDIA AND WEBINARS. IN ADDITION, SME PUBLISHES THREE SCHOLARLY, PEER-REVIEWED JOURNALS ON MANUFACTURING LETTERS, MANUFACTURING PROCESSES AND MANUFACTURING SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James W Schlusemann President | OfficerTrustee | 20 | $0 |
Winston F Erevelles President-Elect | OfficerTrustee | 10 | $0 |
Vincent W Howell Vice President | OfficerTrustee | 10 | $0 |
Rebecca R Taylor Treasurer | OfficerTrustee | 10 | $0 |
Jeffrey A Abell Secretary | OfficerTrustee | 10 | $0 |
Bryan D Albrecht Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
P&m Holding Group Dba Plante & Moran Pll Professional Services | 12/30/23 | $268,255 |
Smg Food & Beverage Dbs Savor Food Sesrvice | 12/30/23 | $1,031,444 |
Robert Muchnick-registered Agent Legal Services | 12/30/23 | $253,340 |
Mcguire Woods Consulting Llc Professional Services | 12/30/23 | $251,162 |
Smg Dba Smg Food & Beverage Llc Professional Services | 12/30/23 | $195,390 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,649,990 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,811 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,756,801 |
| Total Program Service Revenue | $47,114,926 |
| Investment income | $884,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $919,733 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $863,431 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $104,096 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,643,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,202,425 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,250 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,826,600 |
| Compensation of current officers, directors, key employees. | $1,705,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,991,996 |
| Pension plan accruals and contributions | -$121,073 |
| Other employee benefits | $2,150,423 |
| Payroll taxes | $1,072,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $401,147 |
| Fees for services: Accounting | $204,027 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,376 |
| Fees for services: Other | $3,383,009 |
| Advertising and promotion | $2,138,519 |
| Office expenses | $2,584,720 |
| Information technology | $1,223,332 |
| Royalties | $276,286 |
| Occupancy | $2,056,863 |
| Travel | $1,596,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,293,206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,421,462 |
| Insurance | $394,700 |
| All other expenses | $0 |
| Total functional expenses | $59,979,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,844,085 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,508,103 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,017 |
| Prepaid expenses and deferred charges | $2,442,397 |
| Net Land, buildings, and equipment | $6,020,789 |
| Investments—publicly traded securities | $49,806,859 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $669,212 |
| Other assets | $3,839,151 |
| Total assets | $75,190,613 |
| Accounts payable and accrued expenses | $11,452,135 |
| Grants payable | $0 |
| Deferred revenue | $12,018,109 |
| 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 | $9,950,000 |
| Other liabilities | $7,788,459 |
| Total liabilities | $41,208,703 |
| Net assets without donor restrictions | $33,981,910 |
| 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 | $75,190,613 |
Grants Awarded
Over the last fiscal year, Society Of Manufacturing Engineers has awarded $576,897 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SME EDUCATION FOUNDATION PURPOSE: EDUCATION | $569,397 |
SOCIETY OF MANUFACTURING ENGINEERING CHAPTER 112 CALUMET AREA PURPOSE: EDUCATION | $7,500 |