Society Of Government Meeting Professionals Inc
- Assets
- $485.7k
- Revenue
- $353.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 01/1987
- Data as of
- 06/2021
- EIN
- 38-2908850
Organization Overview
Society Of Government Meeting Professionals Inc is located in Lansing, MI. The organization was established in 1987. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Society Of Government Meeting Professionals 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 06/2021, Society Of Government Meeting Professionals Inc generated $353.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 44.7% each year . All expenses for the organization totaled $381.5k during the year ending 06/2021. While expenses have increased by 48.2% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENHANCE AND PROMOTE THE KNOWLEDGE AND EXPERTISE OF GOVERNMENT MEETING PROFESSIONALS. OUR OBJECTIVES ARE TO IMPROVE THE QUALITY OF, AND PROMOTE THE COST-EFFECTIVENESS OF, GOVERNMENT MEETINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE: THE SOCIETY HOSTS THE NATIONAL EDUCATION CONFERENCE AND EXPO (NEC), WHICH IS THE LARGEST GATHERING OF GOVERNMENT MEETING PROFESSIONALS EACH YEAR. THE NEC IS DESIGNED TO ADVANCE THE KNOWLEDGE OF ATTENDEES AS WELL AS PROVIDE NETWORKING OPPORTUNITIES. THIS IN-PERSON ANNUAL CONFERENCE WAS CANCELLED IN 2020 DUE TO THE COVID-19 PANDEMIC. INSTEAD, SGMP HELD A VIRTUAL CONFERENCE FOR ITS MEMBERS WITH NO REGISTRATION FEES CHARGED; IT WAS COMPLIMENTARY FOR MEMBERS.
MEMBERSHIP SERVICES: TO IMPROVE THE QUALITY AND PROMOTE THE COST-EFFECTIVENESS OF GOVERNMENT MEETINGS AND CONFERENCES, AS WELL AS PROVIDE MEMBERS EDUCATION AND RESOURCES TO IMPROVE THEIR GOVERNMENT MEETINGS AND ADVANCE THEIR CAREERS.
WEBSITE AND PUBLICATIONS: THE SOCIETY ADMINISTERS SEVERAL PRINTED AND ONLINE PUBLICATIONS, WHICH INCLUDE THE SOCIETY WEBSITE, ONLINE SUPPLIERS GUIDE, GOVERNMENT CONNECTIONS MAGAZINE, AND THE SGMP LINK WEEKLY DIGITAL NEWSLETTER. IN THE YEAR ENDED JUNE 30, 2020, THE SOCIETY PUBLISHED TWO ISSUES OF THE GOVERNMENT CONNECTIONS MAGAZINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Wallace President | OfficerTrustee | 10 | $0 |
Dina Fong First Vice President | OfficerTrustee | 1 | $0 |
Chris Mclaughlin Second Vice President | OfficerTrustee | 1 | $0 |
Char Alexander Secretary | OfficerTrustee | 3 | $0 |
Mark Richardson Treasurer | OfficerTrustee | 3 | $0 |
Lorie Jaegers Director | Trustee | 1 | $0 |
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 | $4,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,475 |
| Total Program Service Revenue | $329,355 |
| Investment income | $8,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $65 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,314 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $352,950 |
| 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. | $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 | $112,000 |
| Fees for services: Legal | $1,270 |
| Fees for services: Accounting | $2,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,872 |
| Advertising and promotion | $0 |
| Office expenses | $8,998 |
| Information technology | $25,246 |
| Royalties | $0 |
| Occupancy | $100,647 |
| Travel | $13,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,101 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,452 |
| Insurance | $11,630 |
| All other expenses | $0 |
| Total functional expenses | $381,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,977 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,275 |
| 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 | $28,037 |
| Net Land, buildings, and equipment | $9,085 |
| Investments—publicly traded securities | $340,510 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,811 |
| Total assets | $485,695 |
| Accounts payable and accrued expenses | $8,003 |
| Grants payable | $0 |
| Deferred revenue | $161,568 |
| 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 | $34,968 |
| Total liabilities | $204,539 |
| Net assets without donor restrictions | $281,156 |
| 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 | $485,695 |