Southern Motor Carriers Association Inc
- Assets
- $84.5m
- Revenue
- $42.8m
- Investments
- $0.0
- Employees
- 233
- Location
- Peachtree City, GA
- Founding
- 04/1945
- Data as of
- 12/2023
- EIN
- 58-0439170
Organization Overview
Southern Motor Carriers Association Inc is located in Peachtree City, GA. The organization was established in 1945. 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, Southern Motor Carriers Association Inc employed 233 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Motor Carriers Association 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, Southern Motor Carriers Association Inc generated $42.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $42.9m during the year ending 12/2023. While expenses have increased by 9.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SMC3 IS THE TRANSPORTATION INDUSTRY STANDARD FOR INTELLIGENT DATA, TECHNOLOGY AND EDUCATION SOLUTIONS THROUGH THE INTEGRATION OF INNOVATION, EXCELLENCE, NEUTRALITY AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GATHERING, TABULATING, AGGREGATING, AND DISSEMINATING, AMONG ITS MEMBERS AND ASSOCIATE MEMBERS, INFORMATION CONCERNING THE INDUSTRY; IMPROVING THE INDUSTRY IN EVERY PROPER AND LAWFUL MANNER, MEETING AT STATED PERIODS TO FACILITATE INDUSTRY EDUCATION RELATIVE TO THE "BEST PRACTICES" OF CONDUCTING BUSINESS OF THE INDUSTRY BASED ON PRACTICAL EXPERIENCE AND STRONG ETHICS; IMPROVING TECHNOLOGIES AND DEVELOPING COMMON PRODUCTS ACROSS THE INDUSTRY TO FACILITATE THE TRANSPORTATION OF GOODS IN COMMERCE.
FACILITATING ASSOCIATION ACTIVITIES AND POSITION INTERACTION AMONG MEMBERS IN THE INDUSTRY OF TRANSPORTATION OF PROPERTY, AND SUPPORTING THE INDUSTRY BY CARRYING OUT THE PURPOSES AND FUNCTIONS OF THE ORGANIZATION STATED IN THE ORGANIZATIONAL MISSION.
DELIVERY OF EDUCATIONAL AND CONFERENCE ACTIVITIES TO ENCOURAGE BETTER UNDERSTANDING OF THE VARIOUS TYPES OF ORGANIZATIONS INVOLVED IN THE TRANSPORTATION OF PROPERTY AND CURRENT TRENDS IN THE INDUSTRY REGARDING REGULATIONS, BEST PRACTICES, ETC. FUNDED PARTLY BY PARTICIPANTS' REGISTRATION FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg West Chairman | OfficerTrustee | 1 | $15,000 |
Thomas J O'connor III Vice-Chair | OfficerTrustee | 1 | $15,000 |
Renee Krug Treasurer | OfficerTrustee | 1 | $15,000 |
Mark W Davis Director | Trustee | 1 | $15,000 |
Chad Earwood Director | Trustee | 1 | $5,000 |
Rob W Estes Jr Director | Trustee | 1 | $15,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greymine Inc Programming Consulting Services | 12/30/23 | $522,533 |
Loews Atlanta Hotel Js2023 Conference Services | 12/30/23 | $519,434 |
Rosen Shingle Creek Cx2023 Conference Services | 12/30/23 | $466,034 |
Ivs Technologies Programming Consulting Services | 12/30/23 | $392,100 |
Inspire Event Technologies Llc Conference Av Rental/services | 12/30/23 | $366,744 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $42,511,384 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $334,845 |
| Net Gain/Loss on Asset Sales | -$17,372 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,828,857 |
| 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. | $2,796,921 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,786,291 |
| Pension plan accruals and contributions | $987,143 |
| Other employee benefits | $2,511,291 |
| Payroll taxes | $1,404,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $153,357 |
| Fees for services: Accounting | $69,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,342,802 |
| Advertising and promotion | $1,092,605 |
| Office expenses | $1,491,486 |
| Information technology | $4,515,443 |
| Royalties | $0 |
| Occupancy | $761,399 |
| Travel | $493,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,217,471 |
| Interest | $26,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,962,378 |
| Insurance | $214,350 |
| All other expenses | $69,242 |
| Total functional expenses | $42,894,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,415,529 |
| Savings and temporary cash investments | $2,306,236 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,951,588 |
| 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 | $2,805,076 |
| Net Land, buildings, and equipment | $37,962,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $25,900,000 |
| Intangible assets | $7,438,487 |
| Other assets | $1,715,051 |
| Total assets | $84,494,795 |
| Accounts payable and accrued expenses | $2,735,013 |
| Grants payable | $0 |
| Deferred revenue | $17,898,994 |
| 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 | $25,900,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,810,091 |
| Total liabilities | $48,344,098 |
| Net assets without donor restrictions | $36,150,697 |
| 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 | $84,494,795 |