Society For Mining Metallurgy And Exploration Inc
- Assets
- $34.0m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 54
- Location
- Englewood, CO
- Founding
- 12/1984
- Data as of
- 09/2023
- EIN
- 74-2338444
Organization Overview
Society For Mining Metallurgy And Exploration Inc is located in Englewood, CO. The organization was established in 1984. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 09/2023, Society For Mining Metallurgy And Exploration Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Mining Metallurgy And Exploration Inc 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 09/2023, Society For Mining Metallurgy And Exploration Inc generated $14.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $15.4m during the year ending 09/2023. While expenses have increased by 3.2% 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
BUILDING A BETTER WORLD THROUGH MINING, METALLURGY AND UNDERGROUND CONSTRUCTION.
Describe the Organization's Program Activity:
THE MINEXCHANGE 2023 SME ANNUAL CONFERENCE & EXPO RETURNED TO THE COLORADO CONVENTION CENTER IN DENVER, CO, FEBRUARY 26 - MARCH 1, 2023. THERE WERE 600+ PRESENTATIONS, 5 SHORT COURSES, 59 PAPERS, 102 SPONSORS, AND 585 EXHIBITING COMPANIES. OVER 6,400 INDIVIDUALS WERE IN ATTENDANCE, INCLUDING 600 STUDENTS AND 824 INTERNATIONAL ATTENDEES FROM 38 COUNTRIES. RETC 2023 WAS JUNE 11-14, 2023, IN BOSTON, MA. THE EVENT WAS ATTENDED BY OVER 1,400 INDIVIDUALS. IN ADDITION TO A SHORT COURSE, THE TECHNICAL PROGRAM FEATURED 98 PRESENTATIONS. TO SUPPORT THE EVENT, THERE WERE 209 EXHIBIT BOOTHS AND 28 SPONSORING COMPANIES. THE 2023 MINNESOTA CONFERENCE WAS AGAIN UP IN THE IRON RANGE IN NORTHERN MINNESOTA. IT TOOK PLACE APRIL 17-19, 2023, AT THE IRON TRAIL MOTORS EVENT CENTER IN VIRGINIA, MN. THE CONFERENCE WAS ATTENDED BY 875 INDIVIDUALS AND FEATURED TWO DAYS OF PROGRAMMING WITH A FIELD TRIP TO A LOCAL MINING OPERATION. THERE WERE 154 BOOTHS AND 33 SPONSORING COMPANIES.
SME PROVIDES EDUCATIONAL SUPPORT IN THE FORM OF SCHOLARSHIPS AND OTHER CONTINUING EDUCATION SUPPORT.
MEMBERS ARE THE HEART OF SME, CONTRIBUTING TECHNICAL KNOWLEDGE, TALENT AND VOLUNTEER RESOURCES TO HELP THE ORGANIZATION ADVANCE. SME ENDED 2023 WITH 13,622 MEMBERS. INTERNATIONAL MEMBERS MADE UP 25% OF TOTAL MEMBERSHIP. SME HAS 48 LOCAL SECTIONS, INCLUDING 42 IN THE UNITED STATES PLUS 6 INTERNATIONAL SECTIONS. ONE NEW STUDENT CHAPTER WAS FORMED IN 2023, BRINGING THE TOTAL NUMBER OF STUDENT CHAPTERS TO 77.
DURING 2023 THE MINING ENGINEERING WEBSITE PUBLISHED INDUSTRY NEWS ON A DAILY BASIS AND DELIVERED EACH ISSUE TO MEMBERS ANYWHERE IN THE WORLD AS A PDF AND IN FLIPBOOK FORMATS. CLIENTS ALSO EXPANDED DIGITAL ADVERTISING OPPORTUNITIES THROUGH MINING ENGINEERING ONLINE, THE SME WEBSITE, CLIENT-PROVIDED CONTENT, SME E-NEWS, AND MINING ENGINEERING DIGITAL NEWSLETTER OPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Levier President | Trustee | 2 | $0 |
Ronald Parratt Past President | Trustee | 2 | $0 |
Marc Herpfer President Elect | Trustee | 2 | $0 |
Richard Lambert Director At Large | Trustee | 2 | $0 |
Barbara Nielsen Director At Large | Trustee | 2 | $0 |
Matt Blattman Director At Large | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Centerplate Catering Conference Catering | 9/29/23 | $553,430 |
Freeman Decorating Co Conference Decor | 9/29/23 | $426,996 |
Publication Printers Printing | 9/29/23 | $416,589 |
Hyatt Regency Denver Conference Venue | 9/29/23 | $380,654 |
Levy Restaurants Conference Catering | 9/29/23 | $212,320 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $243,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $236,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $479,752 |
| Total Program Service Revenue | $11,998,327 |
| Investment income | $818,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $83,165 |
| 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 | $189,294 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,919,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $555,838 |
| Grants and other assistance to Foreign Orgs/Individuals | $69,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,037,095 |
| Compensation of current officers, directors, key employees. | $92,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,698,248 |
| Pension plan accruals and contributions | $255,559 |
| Other employee benefits | $529,829 |
| Payroll taxes | $362,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,906 |
| Fees for services: Accounting | $46,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,572 |
| Fees for services: Other | $535,349 |
| Advertising and promotion | $155,462 |
| Office expenses | $506,465 |
| Information technology | $303,254 |
| Royalties | $0 |
| Occupancy | $179,112 |
| Travel | $468,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,054,325 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $336,931 |
| Insurance | $0 |
| All other expenses | $657,782 |
| Total functional expenses | $15,397,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,114,926 |
| Savings and temporary cash investments | $3,021,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $849,593 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,463,619 |
| Prepaid expenses and deferred charges | $419,110 |
| Net Land, buildings, and equipment | $3,220,529 |
| Investments—publicly traded securities | $22,786,786 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,118,827 |
| Total assets | $33,994,747 |
| Accounts payable and accrued expenses | $1,261,280 |
| Grants payable | $0 |
| Deferred revenue | $3,388,271 |
| 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 | $623,948 |
| Total liabilities | $5,273,499 |
| Net assets without donor restrictions | $22,290,897 |
| Net assets with donor restrictions | $6,430,351 |
| 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 | $33,994,747 |
Grants Awarded
Over the last fiscal year, Society For Mining Metallurgy And Exploration Inc has awarded $13,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AIST EMERGING LEADERS ALLIANCE PURPOSE: Sponsor Emerging Leaders Alliance | $6,000 |
LHV ENGINEERING EXPOSITION PURPOSE: Sponsor Engineering Exposition | $7,500 |