SEMI: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SEMI (EIN 94-1751440)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202433209349312288
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T12:28:13-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 814234542 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BPM LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 ALMADEN BOULEVARD SUITE 1000 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 951132238 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 941751440 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEMI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SEMI | BusinessNameControlTxt |
| Phone | 4089436900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 673 SOUTH MILPITAS BOULEVARD | AddressLine1Txt |
| City | MILPITAS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 950355473 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEVIN BAUER | PersonNm |
| Person Title | CFO & BUS. OPERATIONS | PersonTitleTxt |
| Phone | 4089436900 | PhoneNum |
| Signature | 2024-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TAMARA L MCINERNEY | PreparerPersonNm |
| PTIN | P00011797 | PTIN |
| Phone | 4089616300 | PhoneNum |
| Preparation | 2024-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | AJIT MANOCHA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 673 SOUTH MILPITAS BOULEVARD | AddressLine1Txt |
| City | MILPITAS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 950355473 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $75,113,837 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | HTTP://WWW.SEMI.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 116 | TotalEmployeeCnt |
| Total Volunteers | 8003 | TotalVolunteersCnt |
| Total Gross UBI | $98,548 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,783,347 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,564,442 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $41,481,327 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $57,992,898 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,496,542 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,271,972 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,908,299 | PYOtherRevenueAmt |
| CY Other Revenue | $5,273,072 | CYOtherRevenueAmt |
| PY Total Revenue | $62,669,515 | PYTotalRevenueAmt |
| CY Total Revenue | $75,102,384 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $20,141,131 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $26,715,573 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $36,860,983 | PYOtherExpensesAmt |
| CY Other Expenses | $32,170,152 | CYOtherExpensesAmt |
| PY Total Expenses | $57,002,114 | PYTotalExpensesAmt |
| CY Total Expenses | $58,885,725 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,667,401 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $16,216,659 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $97,438,240 | TotalAssetsBOYAmt |
| Total Assets EOY | $125,561,245 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $54,750,906 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $65,237,724 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $42,687,334 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $60,323,521 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEMI IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO PROMOTE AND SUPPORT THE GLOBAL ELECTRONICS SUPPLY CHAIN. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | SEMI'S PROGRAM IS TO SUPPORT THE GLOBAL ELECTRONICS SUPPLY CHAIN THROUGH TRADE SHOWS, CONFERENCES, SEMINARS, DEVELOPMENT OF INDUSTRY STANDARDS, ALONG WITH THE PUBLICATION OF MARKET AND INDUSTRY RESEARCH REPORTS. SEMI'S MARKET AND INDUSTRY RESEARCH REPORTS INCLUDE WORLD FAB FORECAST AND CAPITAL EQUIPMENT CONSENSUS FORECASTS. SEMI PARTNERS WITH A VARIETY OF ORGANIZATIONS TO DELIVER TECHNICAL CONTENT COVERING WAFER FABRICATION, ASSEMBLY, ADVANCE PACKAGING, YIELD IMPROVEMENT, METROLOGY, SEMICONDUCTOR PHYSICS, IC DESIGN, OPTICS, RELIABILITY, MEMS, LED, PV, AND FLEXIBLE HYBRID ELECTRONICS.ADDITIONALLY, SEMI FOCUSES ON THE EXTENDED SUPPLY CHAIN'S KEY CHALLENGES IN WORKFORCE DEVELOPMENT, SUSTAINABILITY, GLOBAL ADVOCACY AND SUPPLY CHAIN REDESIGN BY DELIVERING NEW PROGRAMS AND ORGANIZING INDUSTRY WORKING GROUPS TO JOINTLY FIND SOLUTIONS THROUGH COLLABORATION. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 70 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 116 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CH | ForeignCountryCd |
| Foreign Country | KS | ForeignCountryCd |
| Foreign Country | JA | ForeignCountryCd |
| Foreign Country | IN | ForeignCountryCd |
| Foreign Country | BE | ForeignCountryCd |
| Foreign Country | GM | ForeignCountryCd |
| Foreign Country | TW | ForeignCountryCd |
| Foreign Country | SN | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEVIN BAUER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4089436900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 673 SOUTH MILPITAS BLVD | AddressLine1Txt |
| City | MILPITAS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 950355473 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| AJIT MANOCHA | |||||||||
| PRESIDENT & CEO | 40.00 | 4.00 | Yes (X) | Yes (X) | $1,297,516 | $0 | $1,422,015 | ||
| BERTRAND LOY | |||||||||
| PAST CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| CHUN HYUK LEE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAISUKE MURATA | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DORIS HSU | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ERIC JOHNSON | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JINRONG ZHAO | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JON D KEMP | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KAZUO USHIDA | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KYU DONG SUNG | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| LI ZHENG | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARY G PUMA | |||||||||
| CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MIKE ALLISON | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUE LIN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| TIEN WU | |||||||||
| VICE CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| TIM ARCHER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| TOSHIKI KAWAI | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| YONG HAN LEE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KEVIN BAUER | |||||||||
| CFO, BUSINESS OPERATIONS O | 40.00 | 2.00 | Yes (X) | $589,921 | $0 | $591,410 | |||
| JOHN M COONEY | |||||||||
| VP, GLOBAL PUBLIC POLICY & ADVOCACY | 40.00 | $465,352 | $0 | $296,411 | Yes (X) | ||||
| BETTINA WEISS | |||||||||
| CHIEF OF STAFF | 40.00 | $445,957 | $0 | $349,557 | Yes (X) | ||||
| MELISSA GRUPEN-SHEMANSKY | |||||||||
| VP, TECHNOLOGY COMMUNITIES | 40.00 | $412,775 | $0 | $325,349 | Yes (X) | ||||
| JOSEPH STOCKUNAS | |||||||||
| PRESIDENT, SEMI AMERICAS | 40.00 | $370,488 | $0 | $297,613 | Yes (X) | ||||
| MOUSUMI BHAT | |||||||||
| VP, SUSTAINABILITY PROGRAMS | 40.00 | $401,083 | $0 | $303,801 | Yes (X) | ||||
| GERALDINE TAN | |||||||||
| VP, FINANCE | 40.00 | $328,123 | $0 | $280,077 | Yes (X) | ||||
| SHARI LISS | |||||||||
| EXECUTIVE DIRECTOR, SEMI F | 8.00 | 32.00 | $338,496 | $0 | $263,724 | Yes (X) | |||
| TIM BROSNIHAN | |||||||||
| EXECUTIVE DIRECTOR, MSIG | 40.00 | $337,980 | $0 | $225,380 | Yes (X) | ||||
| VICKI JESKA | |||||||||
| SR. DIRECTOR, GLOBAL HUMAN RESOURCES | 40.00 | $264,228 | $0 | $218,828 | Yes (X) | ||||
| OLIVIER NAIMI | |||||||||
| PROJECT DIRECTOR, DIGITAL TRANSFORMATION | 40.00 | $295,613 | $0 | $138,204 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,547,532 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $4,712,369 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 69 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| THE RESEARCH FOUNDATION FOR STATE UNIVER | |||||
| PO BOX 6000 | BINGHAMTON | NY | 13092 | GOVERNMENT PROJECT CONTRACTOR | $2,549,291 |
| CASE WESTERN RESERVE UNIVERSITY | |||||
| 10900 EUCLID AVE | CLEVELAND | OH | 441067037 | GOVERNMENT PROJECT CONTRACTOR | $1,316,488 |
| GEORGIA TECH RESEARCH CORPORATION | |||||
| PO BOX 100117 | ATLANTA | GA | 30384 | GOVERNMENT PROJECT CONTRACTOR | $1,111,984 |
| BIOLINQ INCORPORATED | |||||
| 10260 SORRENTO VALLEY ROAD | SAN DIEGO | CA | 921211605 | GOVERNMENT PROJECT CONTRACTOR | $996,158 |
| GLOBAL EXPERIENCE SPECIALISTS INC | |||||
| 7000 LINDELL RD | LAS VEGAS | NV | 89118 | EVENT MARKETING, PLANNING SERVICES | $942,572 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 56 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $8,564,442 | GovernmentGrantsAmt |
| Total Contributions | $8,564,442 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TRADESHOWS | 541900 | $27,645,438 | $27,645,438 |
| MEMBERSHIP DUES | 541900 | $14,285,325 | $14,285,325 |
| SPONSORSHIPS | 541900 | $5,972,085 | $5,972,085 |
| PUBLICATIONS | 541900 | $5,740,857 | $5,740,857 |
| CONFERENCES | 541900 | $4,309,822 | $4,309,822 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $39,371 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $39,371 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $57,992,898 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,283,425 | TotalRevenueColumnAmt |
| Exclusion | $3,283,425 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,656,273 | TotalRevenueColumnAmt |
| Exclusion | $3,656,273 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $11,453 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$11,453 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$11,453 | TotalRevenueColumnAmt |
| Exclusion | -$11,453 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| OTHER INCOME | 900099 | $1,518,251 | $1,518,251 | |
| ADVERTISING | 541800 | $98,548 | $98,548 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,616,799 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $75,102,384 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $59,511,149 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $98,548 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,928,245 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,353,277 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,166,778 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $986,436 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,083,212 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,125,870 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,498,782 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $834,102 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $493,148 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,639,198 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $294,621 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $547,676 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,972,353 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,212,288 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,206,519 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,168,561 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $422,344 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $206,090 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| GOVERNMENT CONTRACT PAY | $5,706,134 |
| BANK AND FINANCIAL CHAR | $544,467 |
| OTHER | -$350,716 |
| TAXES | -$6,225,415 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,885,725 | TotalAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,151,975 | BOYAmt |
| EOY | $96,523,670 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,809,174 | BOYAmt |
| EOY | $5,769,054 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,214,160 | BOYAmt |
| EOY | $2,395,882 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,084,740 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,680,908 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,813,922 | BOYAmt |
| EOY | $1,403,832 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,511,621 | BOYAmt |
| EOY | $1,511,621 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,937,388 | BOYAmt |
| EOY | $17,957,186 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,438,240 | BOYAmt |
| EOY | $125,561,245 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,304,153 | BOYAmt |
| EOY | $15,564,971 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,877,827 | BOYAmt |
| EOY | $4,327,943 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,568,926 | BOYAmt |
| EOY | $45,344,810 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,750,906 | BOYAmt |
| EOY | $65,237,724 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,687,334 | BOYAmt |
| EOY | $60,323,521 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,687,334 | BOYAmt |
| EOY | $60,323,521 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,438,240 | BOYAmt |
| EOY | $125,561,245 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $16,216,659 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$44,278 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $1,463,806 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | 0 | AgreeCarryoverPriorYearInd |
| Dues Assessments | $3,536,535 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $1,101,625 | NonDeductibleLbbyngPltclCYAmt |
| Non Ded Lbbyng Pltcl Cyov | $144,576 | NonDedLbbyngPltclCyovAmt |
| Non Deductible Lbbyng Pltcl Tot | $1,246,201 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $884,134 | AggregateReportedDuesNtcAmt |
| Carried Over | $362,067 | CarriedOverAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,054,575 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,853,065 | DepreciationAmt |
| Book Value | $1,201,510 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $941,153 | OtherCostOrOtherBasisAmt |
| Depreciation | $835,090 | DepreciationAmt |
| Book Value | $106,063 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,089,012 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,992,753 | DepreciationAmt |
| Book Value | $96,259 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,403,832 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| INTERCOMPANY RECEIVABLES | $14,528,424 |
| VAT RECEIVABLES | $1,162 |
| DEPOSIT | $282,177 |
| RIGHT OF USE ASSET | $3,145,423 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $17,957,186 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| ADVANCE DEPOSITS | $37,774,401 |
| POST-RETIREMENT BENEFITS | $1,313,000 |
| TAXES PAYABLE | $821,649 |
| LEASE LIABILITY | $3,551,038 |
| LONG TERM INCENTIVE PAYABLE | $1,884,722 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $45,344,810 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | SEMI IS A NOT-FOR-PROFIT ORGANIZATION RECOGNIZED BY THE IRS AND FTB AS EXEMPT FROM FEDERAL AND STATE INCOME TAXES IN THE UNITED STATES. HOWEVER, CERTAIN ACTIVITIES OF SUBSIDIARIES OR BRANCHES IN OTHER COUNTRIES, SUCH AS TRADE SHOWS, ARE SUBJECT TO FOREIGN INCOME TAXES OR OTHER TAXES ON INCOME GENERATED IN THEIR RESPECTIVE JURISDICTIONS. TAX EXPENSE WAS AS FOLLOWS FOR THE YEARS ENDED DECEMBER 31 (IN THOUSANDS): 2023 2022 CURRENT $1,692 $305 DEFERRED (69) (43) ------------------------------------------------------------ TOTAL INCOME TAXES 1,623 262 OTHER TAXES (5,208) 515 ------------------------------------------------------------ TOTAL TAXES $(3,585) $777 NET DEFERRED TAX ASSETS ARE INCLUDED IN PREPAIDS AND OTHER CURRENT ASSETS ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AND APPROXIMATED $270,000 AND $299,000 AT DECEMBER 31, 2023 AND 2022 RESPECTIVELY. THE SOURCES RESULTING IN NET DEFERRED TAX ASSETS CONSIST PRINCIPALLY OF DEFERRED REVENUES AND DEFERRED EXPENSES RELATED TO EXHIBITIONS, ACCRUALS, AND DEPRECIATION. ADDITIONALLY, THE GROUP GENERATES UNRELATED BUSINESS INCOME, PRIMARILY FROM ITS ADVERTISING ACTIVITIES. THESE ACTIVITIES HAVE HISTORICALLY GENERATED LOSSES AND SEMI HAS ACCUMULATED NET OPERATING LOSS CARRYFORWARDS ("NOLS"). AS OF DECEMBER 31, 2023 AND 2022, SEMI HAD NOLS OF APPROXIMATELY $3,686,000 AND $4,276,000 RESPECTIVELY. THE NOLS WILL BEGIN TO EXPIRE AFTER THE YEAR ENDING DECEMBER 31, 2022. THE ABILITY TO UTILIZE THE NOLS OR REALIZE ANY BENEFITS IS UNCERTAIN, AND THEREFORE A FULL VALUATION ALLOWANCE HAS BEEN APPLIED AGAINST THEM. NO VALUATION ALLOWANCE OTHER THAN NOLS DESCRIBED IN THE PRECEDING PARAGRAPH WAS RECORDED AT DECEMBER 31, 2023 AND 2022, AS THE GROUP CONCLUDED THAT ALL OF THE DEFERRED TAX ASSETS WILL BE REALIZED IN FUTURE YEARS. NET DEFERRED ASSETS ARE RECORDED AS PREPAIDS AND OTHER CURRENT ASSETS ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AND ANY CHANGE IS RECORDED IN NON-OPERATING EXPENSES ON THE CONSOLIDATED STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. ON DECEMBER 22, 2017, THE TAX CUTS AND JOBS ACT (THE "2017 TAX ACT") WAS ENACTED. THE 2017 TAX ACT INCLUDES A NUMBER OF CHANGES TO EXISTING U.S. TAX LAWS THAT IMPACT THE GROUP, MOST NOTABLY A REDUCTION OF THE U.S. CORPORATE INCOME TAX RATE FROM 35 PERCENT TO 21 PERCENT FOR TAX YEARS BEGINNING AFTER DECEMBER 31, 2017. THE GROUP MEASURES DEFERRED TAX ASSETS AND LIABILITIES USING ENACTED TAX RATES THAT WILL APPLY IN THE YEARS IN WHICH THE TEMPORARY DIFFERENCES ARE EXPECTED TO BE RECOVERED OR PAID. ACCORDINGLY, THE GROUP'S DEFERRED TAX ASSETS AND LIABILITIES WERE RE-MEASURED TO REFLECT THE REDUCTION IN THE U.S. CORPORATE INCOME TAX RATE FROM 35 PERCENT TO 21 PERCENT. THE GROUP'S TOTAL GROSS UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS CURRENT AND NON-CURRENT LIABILITIES IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. AS OF DECEMBER 31, 2023 AND 2022, THE TOTAL AMOUNT OF GROSS UNRECOGNIZED TAX BENEFITS WAS APPROXIMATELY $412,000 AND $1,146,000, RESPECTIVELY, WHICH RESULTS ENTIRELY FROM FOREIGN TAXES. THE AGGREGATE CHANGES IN THE BALANCE OF GROSS UNRECOGNIZED TAX BENEFITS, WHICH INCLUDES INTEREST AND PENALTIES, ARE AS FOLLOWS (IN THOUSANDS): BALANCES AS OF JANUARY 1, 2022 $1,182 DECREASE RELATED TO EXPIRY OF STATUE OF LIMITATION (205) INCREASES RELATED TO TAX POSITIONS TAKEN DURING A PRIOR PERIOD 169 BALANCE AS OF DECEMBER 31, 2022 $1,146 DECREASED RELATED TO EXPIRY OF STATUE OF LIMITATION (735) INCREASES RELATED TO TAX POSITIONS TAKEN DURING A PRIOR PERIOD 1 BALANCE AS OF DECEMBER 31, 2023 $412 AS OF DECEMBER 31, 2023, THE GROUP HAS ANALYZED THE INVENTORY OF TAX POSITIONS TAKEN WITH RESPECT TO ALL APPLICABLE INCOME TAX ISSUES FOR ALL OPEN TAX YEARS (IN EACH RESPECTIVE JURISDICTION) INCLUDING TAX YEARS ENDED DECEMBER 31, 2019 THROUGH DECEMBER 31, 2023 FOR U.S. FEDERAL TAX PURPOSES AND TAX YEARS ENDED DECEMBER 31, 2018 THROUGH DECEMBER 31, 2023 FOR CALIFORNIA TAX PURPOSES (EXCEPT WITH RESPECT TO THE EXTENT OF NET OPERATING LOSSES FOR WHICH THE STATUTE IS OPEN FOR FEDERAL AND CALIFORNIA TAX PURPOSES FROM TAX YEAR DECEMBER 31, 2001) AND TAX YEARS ENDED DECEMBER 31, 2013 THROUGH DECEMBER 31, 2023 FOR FOREIGN TAX PURPOSES. AS OF DECEMBER 31, 2023 AND 2022, THE COMPOSITION OF UNRECOGNIZED TAX BENEFITS WAS AS FOLLOWS (IN THOUSANDS): 2023 2022 GROSS UNRECOGNIZED TAX BENEFITS - TAXES 304 707 GROSS UNRECOGNIZED TAX BENEFITS - INTEREST AND PENALTIES 108 439 BALANCE AS OF DECEMBER 31 $412 $1,146 THE GROUP DOES NOT ANTICIPATE A MATERIAL CHANGE TO ITS ACCRUED UNRECOGNIZED TAX BENEFITS IN THE TWELVE MONTHS FOLLOWING DECEMBER 31, 2023. SOUTH KOREA TAXES CERTAIN ACTIVITIES ENGAGED BY THE GROUP IN OTHER COUNTRIES, SUCH AS CONFERENCES AND EXPOSITIONS, ARE SUBJECT TO FOREIGN INCOME TAXES AND OTHER TAXES ON INCOME GENERATED IN THE RESPECTIVE JURISDICTIONS. EXPOSURE TO INCOME AND LOCAL TAXES IS DIRECTLY DEPENDENT ON WHETHER AN ENTITY HAS A TAXABLE PRESENCE, OR PERMANENT ESTABLISHMENT, WITHIN THE FOREIGN JURISDICTION. THE GROUP HAS DETERMINED THAT CONFERENCES AND EXPOSITIONS HELD IN SOUTH KOREA BY SEMI DID NOT CONSTITUTE A PERMANENT ESTABLISHMENT IN ACCORDANCE WITH THE PROVISIONS OF THE U.S. AND KOREA TAX TREATY OF 1976. WHILE THE INTERPRETATION OF THE U.S. AND KOREA TAX TREATY OF 1976 IS LEFT TO LOCAL KOREAN TAX AUTHORITIES, THE GROUP HELD THE POSITION THAT SUCH A CONCLUSION WOULD MORE LIKELY THAN NOT BE SUSTAINED AFTER AN AUDIT. IN 2009, SEMI KOREA WAS ESTABLISHED AS A SEPARATE LEGAL ENTITY FROM SEMI, AND A TRANSFER PRICING AGREEMENT WAS ENACTED BETWEEN SEMI AND SEMI KOREA. SEMI KOREA RECEIVES COMPENSATION FOR SERVICES PROVIDED, INCLUDING FOR EVENTS IN SOUTH KOREA, TO ENSURE TRANSACTIONS ENGAGED IN BETWEEN THE ENTITIES WERE CONDUCTED AT AN ARMSLENGTH AND DID NOT CREATE A PERMANENT ESTABLISHMENT IN SOUTH KOREA FOR SEMI. ACCORDINGLY, THE GROUP MAINTAINED THEIR ASSESSMENT THAT NO TAXES SHOULD BE ASSESSED ON CONFERENCES AND EXPOSITIONS HELD IN SOUTH KOREA, DUE TO A LACK OF A TAXABLE PRESENCE. IN AUGUST 2019, THE GROUP RECEIVED AN INQUIRY FROM THE SOUTH KOREAN NATIONAL TAX SERVICE ("NTS"). THE NTS SUBSEQUENTLY CHALLENGED THE GROUP'S POSITION, RULING THAT SEMI HAS A PERMANENT ESTABLISHMENT IN SOUTH KOREA. THE GROUP RESPONDED TO THE NTS INQUIRIES AND SUBSEQUENTLY RECEIVED NOTIFICATION IN MARCH 2020 OF AN INCOME TAX ASSESSMENT FOR THE 2012 TAX YEAR. AS REQUIRED BY THE NTS, THE GROUP PAID THE ASSESSMENT TO ALLOW THE GROUP TO BEGIN AN APPEAL PROCESS. THE GROUP WAS FURTHER NOTIFIED ADDITIONAL TAXES AND PENALTIES WOULD BE ASSESSED FOR 2013 THROUGH 2019 TAX YEARS. AS A CONSEQUENCE OF THIS RULING, THE GROUP ACCRUED INCOME TAXES, VALUE ADDED TAXES ("VAT") AND PENALTIES FOR THE YEARS FROM 2012 THROUGH 2019 FOR APPROXIMATELY $6,946,000 AS OF DECEMBER 31, 2019, WHICH WERE PAID IN 2020. THE GROUP DID NOT ACCRUE ANY ADDITIONAL TAXES AND PENALTIES RELATED TO THIS MATTER IN SUBSEQUENT YEARS AS THE GROUP BELIEVES THAT ITS ACTIVITIES IN SOUTH KOREA DO NOT CREATE A PERMANENT ESTABLISHMENT AND APPEALED THE ASSESSMENT. IN FEBRUARY 2023, NTS RULED IN FAVOR OF THE GROUP'S APPEAL OF THE SOUTH KOREA TAX ASSESSMENT, RULING THAT THE GROUP DOES NOT HAVE A PERMANENT ESTABLISHMENT IN SOUTH KOREA. IN MARCH 2023, NTS REFUNDED CUMULATIVE TAXES, INTEREST AND PENALTIES ASSESSED IN RELATION TO THIS MATTER, WHICH APPROXIMATED $6,492,000 AS OF THE DATE OF REFUND. THE REFUND WAS RECORDED AS A TAX BENEFIT FOR THE YEAR ENDED DECEMBER 31, 2023 IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | 1 | 16 | PROGRAM SERVICES | TRADE SHOWS, INDUSTRY STANDARDS & RESEARCH, EDUCATION | $14,580,791 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | TRADE SHOWS, INDUSTRY STANDARDS & RESEARCH, EDUCATION | $3,384,597 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | INVESTMENTS | INVESTMENTS | $815,608 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | INVESTMENTS | $37,800 |
| SOUTH ASIA | 0 | 0 | INVESTMENTS | INVESTMENTS | $658,213 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 16 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 16 | TotalEmployeeCnt |
| Subtotal Spent | $19,477,009 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $19,477,009 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AJIT MANOCHA | ||||||||||||||
| PRESIDENT & CEO | $716,311 | $0 | $537,600 | $0 | $43,605 | $0 | $1,382,850 | $0 | $39,165 | $0 | $2,719,531 | $0 | $537,600 | $0 |
| KEVIN BAUER | ||||||||||||||
| CFO, BUSINESS OPERATIONS O | $381,930 | $0 | $200,000 | $0 | $7,991 | $0 | $563,100 | $0 | $28,310 | $0 | $1,181,331 | $0 | $200,000 | $0 |
| BETTINA WEISS | ||||||||||||||
| CHIEF OF STAFF | $306,588 | $0 | $135,000 | $0 | $4,369 | $0 | $322,073 | $0 | $27,484 | $0 | $795,514 | $0 | $135,000 | $0 |
| JOHN M COONEY | ||||||||||||||
| VP, GLOBAL PUBLIC POLICY & ADVOCACY | $333,139 | $0 | $130,000 | $0 | $2,213 | $0 | $268,100 | $0 | $28,311 | $0 | $761,763 | $0 | $130,000 | $0 |
| MELISSA GRUPEN-SHEMANSKY | ||||||||||||||
| VP, TECHNOLOGY COMMUNITIES | $306,418 | $0 | $100,000 | $0 | $6,357 | $0 | $305,638 | $0 | $19,711 | $0 | $738,124 | $0 | $100,000 | $0 |
| MOUSUMI BHAT | ||||||||||||||
| VP, SUSTAINABILITY PROGRAMS | $299,707 | $0 | $97,000 | $0 | $4,376 | $0 | $296,223 | $0 | $7,578 | $0 | $704,884 | $0 | $0 | $0 |
| JOSEPH STOCKUNAS | ||||||||||||||
| PRESIDENT, SEMI AMERICAS | $294,078 | $0 | $70,000 | $0 | $6,410 | $0 | $268,292 | $0 | $29,321 | $0 | $668,101 | $0 | $70,000 | $0 |
| GERALDINE TAN | ||||||||||||||
| VP, FINANCE | $232,514 | $0 | $94,000 | $0 | $1,609 | $0 | $271,563 | $0 | $8,514 | $0 | $608,200 | $0 | $94,000 | $0 |
| SHARI LISS | ||||||||||||||
| EXECUTIVE DIRECTOR, SEMI F | $261,264 | $0 | $75,000 | $0 | $2,232 | $0 | $261,600 | $0 | $2,124 | $0 | $602,220 | $0 | $75,000 | $0 |
| TIM BROSNIHAN | ||||||||||||||
| EXECUTIVE DIRECTOR, MSIG | $258,453 | $0 | $77,187 | $0 | $2,340 | $0 | $195,649 | $0 | $29,731 | $0 | $563,360 | $0 | $77,187 | $0 |
| VICKI JESKA | ||||||||||||||
| SR. DIRECTOR, GLOBAL HUMAN RESOURCES | $212,990 | $0 | $43,000 | $0 | $8,238 | $0 | $198,440 | $0 | $20,388 | $0 | $483,056 | $0 | $0 | $0 |
| OLIVIER NAIMI | ||||||||||||||
| PROJECT DIRECTOR, DIGITAL TRANSFORMA | $234,724 | $0 | $58,750 | $0 | $2,139 | $0 | $106,678 | $0 | $31,526 | $0 | $433,817 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART II | FormAndLineReferenceDesc |
| Explanation | COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN F REPRESENTS AMOUNTS THAT WERE REPORTED ON PRIOR YEARS' FORMS 990 AS THE BENEFITS WERE ACCRUED. THESE AMOUNTS ARE ALSO REPORTED ON SCHEDULE J, PART II, COLUMB B(II) AS THEY WERE ALSO REPORTABLE ON THE CURRENT YEAR'S FORMS W-2 FOR THE AFFECTED INDIVIDUALS. THE AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN F SHOULD BE SUBTRACTED FROM THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN E TO ARRIVE AT THE ACTUAL COMPENSATION FOR THE CURRENT YEAR. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | SEMI IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO PROMOTE AND SUPPORT THE GLOBAL ELECTRONICS SUPPLY CHAIN. SEMI MEMBERS CONSIST OF CORPORATIONS, COMPANIES, FIRMS, OR ORGANIZATIONS, OR DEPARTMENTS OR SUBDIVISIONS THEREOF, WHOSE INTEREST OR CORPORATE OBJECTIVE IS IN THE GLOBAL ELECTRONICS SUPPLY CHAIN; PROVIDED THAT SUCH ENTITIES SHALL NOT BECOME VOTING MEMBERS EXCEPT UPON PAYMENT OF SUCH INITIATION FEES AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | SEMI MEMBERS CONSIST OF CORPORATIONS, COMPANIES, FIRMS, OR ORGANIZATIONS, OR DEPARTMENTS OR SUBDIVISIONS THEREOF, WHOSE INTEREST OR CORPORATE OBJECTIVE IS IN THE GLOBAL ELECTRONIC SUPPLY CHAIN; PROVIDED THAT SUCH ENTITIES SHALL NOT BECOME VOTING MEMBERS EXCEPT UPON PAYMENT OF SUCH INITIATION FEES AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH VOTING MEMBER IN GOOD STANDING IS ENTITLED TO VOTE FOR THE ELECTION OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | VOTING MEMBERS HAVE THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND CORPORATE BYLAWS OF SEMI AND MAY HAVE OTHER POWERS CONFERRED BY THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW OF THE STATE OF CALIFORNIA. |
| FORM 990, PART VI, SECTION B, LINE 11B | BPM LLP AND SEMI STAFF WORK TOGETHER TO GATHER THE REQUIRED TAX INFORMATION NECESSARY TO COMPLETE THE TAX RETURNS. THE INITIAL DRAFT RETURN IS REVIEWED BY BPM AND SEMI FINANCE STAFF; ITEMS ARE DISCUSSED AND REVIEWED. RECOMMENDED CHANGES ARE REFLECTED IN THE RETURN AND A DRAFT TAX RETURN IS PREPARED. THE FINANCE COMMITTEE RECEIVES THE FINAL VERSION OF THE TAX RETURN FOR REVIEW PRIOR TO FILING. THE BOARD HAS DELEGATED MONITORING AND REVIEW OF FINANCIAL MATTERS TO THE FINANCE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C | SEMI HAS A CODE OF CONDUCT POLICY, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. SEMI HAS REVIEWED THIS POLICY WITH ALL EMPLOYEES, OFFICERS AND DIRECTORS AND OBTAINED THEIR COMMITMENT TO ABIDE BY IT. |
| FORM 990, PART VI, SECTION B, LINE 15A | IN CONJUNCTION WITH AN INTERNATIONAL BOARD OF DIRECTORS MEETING EACH YEAR, THE BOARD COMPENSATION COMMITTEE MEETS WITH THE PRESIDENT AND CEO AND CFO. BASED UPON SALARY SURVEY INFORMATION AND THE USE OF AN INDEPENDENT COMPENSATION CONSULTANT, THEY PRESENT RECOMMENDED MERIT INCREASES ON A REGIONAL BASIS FOR APPROVAL BY THE BOARD COMPENSATION COMMITTEE. ONCE APPROVED, THE SEMI EXECUTIVE AND STAFF MERIT INCREASES ARE ADMINISTERED BY FUNCTIONAL LEADERSHIP THROUGH THE PERFORMANCE MANAGEMENT SYSTEM WITH FINAL APPROVAL BY THE PRESIDENT AND CEO. THE CEO'S ANNUAL COMPENSATION ADJUSTMENT IS DISCUSSED PRIVATELY WITH THE BOARD COMPENSATION COMMITTEE AND THE CFO. A REVIEW OF THE CEO'S GOALS AND ACCOMPLISHMENTS IS ACCOMPANIED BY A RECOMMENDED COMPENSATION ADJUSTMENT BASED ON INDEPENDENT SALARY SURVEYS. THE BOARD COMPENSATION COMMITTEE THEN MEETS IN CLOSED SESSION TO REVIEW THIS INFORMATION AND DETERMINE AN APPROPRIATE PERFORMANCE RATING AND THE ACCOMPANYING BONUS AND MERIT INCREASE. |
| FORM 990, PART VI, SECTION C, LINE 18 | SEMI MAKES ITS FORMS 990 AND 990-T AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | SEMI MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CURRENCY EXCHANGE 1,356,389. CHANGE IN TRANSLATION RESERVES 252,133. CHANGE IN PENSION ACCRUAL -144,716. |
| FORM 990, PART XII, LINE 2C | NO CHANGE IN PROCESS FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEMI FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 673 SOUTH MILPITAS BOULEVARD | AddressLine1Txt |
| City | MILPITAS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 950355473 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300155873 | EIN |
| Primary Activities | EDUCATION PROGRAMS | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEMI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (6 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEMI JAPAN YK | |||||||||||
| 1-4-1 MARUNOUCHI MARUNOUCHI EIRAKU | TOKYO | JA | 102-0074 | TRADE ASSOCIATION | JA | SEMI | C | $10,757,224 | $14,624,195 | 1.00000 | Yes (1) |
| SEMI SOUTHEAST ASIA PTE LTD | |||||||||||
| 152 BEACH ROAD 09-03/04 GATEWAY E | SINGAPORE | SN | 189721 | TRADE ASSOCIATION | SN | SEMI | C | $3,410,150 | $3,804,239 | 1.00000 | Yes (1) |
| SEMI MANAGEMENT CONSULTING (SHANGHAI) CO LTD | |||||||||||
| SUITE 803 2ND BUILDING 1158 ZHANG | PUDONG SHANGHAI | CH | 201203 | TRADE ASSOCIATION | CH | SEMI | C | $17,395,067 | $18,243,596 | 1.00000 | Yes (1) |
| SEMI TECH SERVICES INDIA PRIVATE LIMITED | |||||||||||
| DBS HOUSE SUITE 217 26 CUNNINGH | BANGALORE | IN | 560052 | TRADE ASSOCIATION | IN | SEMI | C | $53,801 | $63,589 | 1.00000 | Yes (1) |
| SEMI KOREA | |||||||||||
| KOREA WORLD TRADE TOWER 4205 159-1 | SEOUL | KS | 135-729 | TRADE ASSOCIATION | KS | SEMI | C | $1,817,403 | $4,070,267 | 1.00000 | Yes (1) |
| SEMI EUROPE GMBH | |||||||||||
| HELMHOLTZSTRASSE 2-9 CHARLOTTENBUR | BERLIN | GM | 10587 | TRADE ASSOCIATION | GM | SEMI | C | $4,387,843 | $4,576,388 | 1.00000 | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (1) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (12 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| SEMI JAPAN YK | ||
| A | $3,656,273 | COST |
| SEMI JAPAN YK | ||
| D | $10,544,327 | COST |
| SEMI SOUTHEAST ASIA PTE LTD | ||
| D | $2,005,557 | COST |
| SEMI TECH SERVICES INDIA PRIVATE LIMITED | ||
| D | $37,666 | COST |
| SEMI SOUTHEAST ASIA PTE LTD | ||
| L | $620,939 | COST |
| SEMI JAPAN YK | ||
| M | $32,437 | COST |
| SEMI EUROPE GMBH | ||
| M | $2,661,412 | COST |
| SEMI KOREA | ||
| M | $1,749,415 | COST |
| SEMI TECH SERVICES INDIA PRIVATE LIMITED | ||
| M | $55,454 | COST |
| SEMI FOUNDATION | ||
| O | $1,784,433 | COST |
| SEMI FOUNDATION | ||
| Q | $145,130 | COST |
| SEMI MANAGEMENT CONSULTING (SHANGHAI) CO LTD | ||
| F | $1,397,761 | COST |