2016-11-07T13:30:12-06:00 2015-12-31 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 990 2015-01-01 380298770 Society of Manufacturing Engineers % JULIE DUFF SOCI 3134253000 One SME Drive Dearborn MI 481282408 JEFFREY M KRAUSE EXEC DIRECTOR & CEO 3134253000 2016-11-03 true Bridget T Roche P00666837 3128560200 2015 2017-02-10 21:41:12Z Jeffrey M Krause One SME Drive Dearborn MI 481282408 67821556 false X www.sme.org X 1932 MI Inspire, prepare & support our stakeholders through manufacturing education & the advancement of scientific knowledge via member programs,publications,expos & training 14 13 233 1084 3384847 -3675 108791 11968 42307890 58442844 1639156 2045354 640027 587800 44695864 61087966 421734 403273 0 0 16725347 20562852 0 0 0 28712272 36338542 45859353 57304667 -1163489 3783299 64306657 65072698 26448640 25626758 37858017 39445940 X SME'S MISSION IS TO INSPIRE, PREPARE AND SUPPORT OUR STAKEHOLDERS IN THE ADVANCEMENT OF MANUFACTURING. SME'S VISION IS TO ENHANCE PROGRESS, PROSPERITY AND STRONG COMMUNITIES THROUGH MANUFACTURING. SME'S PURPOSE IS TO ADVANCE MANUFACTURING AND ATTRACT FUTURE GENERATIONS. false false 30814461 205 40752629 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. 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 2015 was 103,954. 8392577 10808229 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, books 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. 4673411 5853931 PUBLICATIONS- SME incorporates education and training into everything we do. Advanced Manufacturing 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 Advanced Manufacturing Media interviews organizations with products, services and 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 Advanced Manufacturing Media content is often linked to the conference or trade show theme to advance promote the event and corresponding topic. Advanced Manufacturing 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 audience for Advanced Manufacturing Media in 2015 was 1,203,674 copies. Advanced Manufacturing Media also provides a weekly e-newsletter which focuses on our four core disciplines: aerospace and defense, energy, medical and motorized vehicles. The Advanced Manufacturing Media 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. 1640107 18989 1461029 Membership Programs 384079 384079 0 Engineering Education Grants 2024186 403068 1461029 45904635 true true false false false false false false false false true false false false true true false true false true true false false false false false false true false true false false false false false false false false false false false false true true true true false false true 168 0 true 233 true true true true CA false false false false false false false false X 14 13 false false false false true true true true true false true true true true true true true true true true false MI X JULIE DUFF 3134253000 ONE SME DRIVE Dearborn MI 48128 X Edye S Buchanan Director 5.0 0.0 X 0 0 0 Dianne Chong Director 5.0 0.0 X 0 0 0 Matt Hilgendorf Director 5.0 0.0 X 0 0 0 Greg Morris Director 5.0 0.0 X 0 0 0 Robert R Nesbitt Director 5.0 0.0 X 0 0 0 Michael D Packer Director 5.0 0.0 X 0 0 0 Ralph L Resnick Director 5.0 0.0 X 0 0 0 Susan M Smyth Director 5.0 0.0 X 0 0 0 Michael F Molnar Past President 10.0 0.0 X X 0 0 0 Wayne F Frost President 20.0 0.0 X X 7212 0 0 Dean L Bartles President-Elect 10.0 0.0 X X 0 0 0 Sandra L Bouckley Vice President 10.0 0.0 X X 0 0 0 Mark Michalski Secretary 10.0 0.0 X X 0 0 0 Thomas Kurfess Treasurer 10.0 0.0 X X 0 0 0 Jeffrey M Krause Executive Director & CEO 46.0 4.0 X 290713 25279 31551 Julie Duff Director of Finance 46.0 4.0 X 135596 11791 13168 Deborah Holton Director, Events/Strategic Dev 50.0 0.0 X 228218 0 35566 Jeannine A Kunz Director, Tooling U - SME 50.0 0.0 X 247144 0 30994 Stavros Prahalis Director, Bus Dev & Innovation 50.0 0.0 X 248870 0 22330 Daniel Sloan Enterprise Sales Executive 50.0 0.0 X 279652 0 21851 Leonard Scaffidi Enterprise Sales Executive 50.0 0.0 X 257357 0 18812 Toni L Neary Bus Dev, Gov't & Education 50.0 0.0 X 227664 0 26726 Erica Ciupak Director, IT 50.0 0.0 X 220845 0 11575 John Catalano Group Manager 50.0 0.0 X 215994 0 37472 Chad H Schron TU Div Mgr/Former Key Employee 50.0 0.0 X 201697 0 27638 Greg Sheremet Publisher/Former Key Employee 50.0 0.0 X 185465 0 28213 2746427 37070 305896 50 true true false Freeman 1600 Viceroy 100 DALLAS TX 75235 Conf & Exhibit Svcs 3099655 Quadgraphics 700 Blackhawk Dr BURLINGTON WI 53105 Publishing 855546 Proximity Marketing 2947 Industrial Parkway BRUNSWICK OH 44212 Electronic Promotion 399475 Convention Data Services 107 Waterhouse Drive BOURNE MA 02532 Registration Svcs 294947 DBL Associates 33 W Ashley Ln WAYNE IL 60184 Sales Commission 241665 25 11968 11968 EXPOSITIONS AND CONFERENCES 541300 40752629 1169536 39583093 TRAINING AND DEVELOPMENT 611600 10696442 10696442 PUBLICATIONS SUBSCRIPTIONS & ADVERTISING 511130 5665986 2281139 3384847 MEMBERSHIPS 541900 1327787 1327787 58442844 542373 542373 0 497909 343083 154826 0 0 0 7312346 77494 5886859 1425487 77494 1502981 1502981 0 0 936622 846731 89891 89891 0 61087966 15907878 3384847 41783273 401956 401956 0 1317 1317 0 1414794 802441 612353 0 15305738 10441511 4864227 1390728 27240 1363488 1371213 2185281 -814068 1080379 145609 934770 0 105020 65102 39918 132289 30817 101472 0 0 62753 62753 2577882 2345016 232866 4271703 3730313 541390 1804853 821895 982958 534172 150752 383420 0 792774 194273 598501 1661746 1414179 247567 0 21865891 21813656 52235 30092 30092 0 968691 54210 914481 146201 21131 125070 DEVELOPMENT COSTS 646750 646750 PRINT AND PUBLISHING 611161 611161 TAXES 126564 25 126539 57304667 45904635 11400032 0 5461233 6090788 0 0 0 0 2339677 3219328 0 0 0 0 0 0 213291 306396 744150 698231 11030803 7445519 3542845 3585284 40899214 40230636 0 0 0 0 11106247 10486576 0 455459 64306657 65072698 8373808 10199942 0 0 8285159 7546960 0 0 0 0 0 0 2500000 1500000 0 0 7289673 6379856 26448640 25626758 X 37858017 39445940 0 0 0 0 37858017 39445940 64306657 65072698 X 3783299 -2636027 440651 X false true X true false X 1687741 1561693 1783222 1515080 1339755 7887491 40459377 33778104 48020571 38211175 58394762 218863989 0 0 0 42147118 35339797 49803793 39726255 59734517 226751480 1812 1644 3456 118786 19368 138154 120598 21012 141610 226609870 1537684 1516838 1081015 911282 697199 5744018 28550 126818 227588 382956 1537684 1545388 1207833 1138870 697199 6126974 0 0 43684802 36885185 51011626 40865125 60431716 232878454 0.97308 0.96184 0.02631 0.03755 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 0 201829 197208 4621 0 3953812 3683618 270194 0 6875162 3564693 3310469 3585284 0 PENSION & POSTRETIREMENT LIABILITY 6379856 6379856 X 59146640 -2636027 846926 -1789101 60935741 62753 89472 152225 61087966 57558717 1100413 1100413 56458304 62753 783610 846363 57304667 Schedule D, Part X, Line 2 LIABILITY FOR UNCERTAIN TAX POSITION (ASC 740) SME and SME Education Foundation ("SME EF") have received favorable determination letters from the Internal Revenue Service stating that they are exempt from federal income taxes under Section 501(a) of the Internal Revenue Code of 1986 ("IRC"), as organizations described in Section 501(c)(3), except for income taxes pertaining to unrelated business income. The Financial Accounting Standards Board issued guidance that requires tax effects from uncertain tax positions to be recognized in financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. Management has determined that there are no material uncertain tax positions that require recognition in the financial statements. Additionally, no provision for income taxes is reflected in these financial statements, and there is no interest or penalties recognized in the statement of activities or financial position. The tax years ended 2012, 2013, 2014 and 2015 are still open to audit for both federal and state purposes. Schedule D, Part XI, Line 2d AMOUNTS INCLUDED ON LINE 1, NOT ON FORM 990 COST OF GOODS SOLD 846,731 Miscellaneous Revenue netted with expense 195 ---------- Total 846,926 Schedule D, Part XI, Line 4b AMOUNTS INCLUDED ON FORM 990, NOT ON LINE 1 Foreign Currency gain 75,504 CONTRIBUTION REVENUE 11,968 Gain on the disposal of Fixed assets 2,000 --------- TOTAL 89,472 Schedule D, Part XII, Line 2d AMOUNTS INCLUDED ON LINE 1, NOT ON FORM 990 cost of goods sold 846,731 remeasurement loss 253,487 Miscellaneous Revenue netted with expense 195 ---------- Total 1,100,413 Schedule D, Part XII, Line 4b AMOUNTS INCLUDED ON FORM 990, NOT ON LINE 1 Change in Unfunded pension 694,138 Foreign Currency Gain 75,504 CONTRIBUTION REVENUE 11,968 Gain on the disposal of fixed assets 2,000 --------- TOTAL 783,610 true North America 1 10 Program Services Expositions 2912769 1 10 1 10 2912769 2912769 false false false false false false Schedule F, Part I, Line 2 PROCEDURE FOR MONITORING USE OF GRANT FUNDS OUTSIDE U.S. SME provides assistance to its U.S. and foreign chapters. The amount of the assistance is calculated based on membership renewals from that chapter. Payments are made semi-annually and compliance with requirements is monitored at regular intervals throughout the year. true SME Education Foundation One SME Drive Dearborn MI 48128 382746841 501(c)(3) 384079 Education 1 Schedule I, Part I, Line 2 PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. SME provides grants to SME Education Foundation. This organization furthers manufacturing engineering education through youth programs, scholarships to selected students, & grants to colleges & universities. SME's management participates in the budget setting process of SME EF, attends SME EF board meetings, and reviews financial information allowing oversight over the grants by SME. X X X X X false false false true false false false false false Jeffrey M Krause Executive Director & CEO 280841 24421 0 0 9872 858 10186 886 20211 1757 321110 27922 0 0 Julie Duff Director of Finance 121623 10576 13882 1207 91 8 4920 428 8084 703 148600 12922 0 0 Deborah Holton Director, Events/Strategic Dev 179807 0 47788 0 623 0 16463 0 20099 0 264780 0 0 Jeannine A Kunz Director, Tooling U - SME 179036 0 67823 0 285 0 10590 0 26476 0 284210 0 0 Stavros Prahalis Director, Bus Dev & Innovation 193431 0 54835 0 604 0 1926 0 21921 0 272717 0 0 Daniel Sloan Enterprise Sales Executive 94981 0 184636 0 35 0 1447 0 21291 0 302390 0 0 Leonard Scaffidi Enterprise Sales Executive 70431 0 186426 0 500 0 2244 0 17182 0 276783 0 0 Toni L Neary Bus Dev, Gov't & Education 39735 0 187842 0 87 0 7380 0 25384 0 260428 0 0 Erica Ciupak Director, IT 168322 0 52087 0 436 0 6802 0 5653 0 233300 0 0 John Catalano Group Manager 151787 0 63722 0 485 0 28152 0 10168 0 254314 0 0 Chad H Schron TU Div Mgr/Former Key Employee 176396 0 25000 0 301 0 7234 0 21580 0 230511 0 0 Greg Sheremet Publisher/Former Key Employee 155587 0 29000 0 878 0 6509 0 24235 0 216209 0 0 SCHEDULE J, PART I, LINE 5A Compensation contingent on revenue - organization SME paid bonuses to its management. The bonuses were partly based on the achievement of specific project management goals and partly upon the revenues of SME. No portion was contingent upon the net earnings of SME or any related organization. Form 990, Part III, Line 4d Program Service MEMBERSHIP PROGRAMS - SME'S 17,654 members engage with SME to inspire, prepare and support the advancement of manufacturing. This engagement includes online, local and national networking; event attendance; career development; volunteer leadership; publications; and educational programming. In 2015, SME established a multiple year revitalization plan focusing on creating a diversified member profile; addressing the growing manufacturing skills gap; improving component support; enhancing online communities; and increasing the scope of our membership through the launch of corporate, organizational and high school segments. ENGINEERING EDUCATION GRANTS - Through its SME EF and other grants, SME inspires youth to pursue careers in manufacturing, supports students studying for a career in an engineering related field through its hands-on programs, college scholarships, and an interactive web site where students can explore manufacturing careers. Form 990, Part VI, Lines 6, 7a, & 7b MEMBERS OR STOCKHOLDERS SME has two distinct classes of members; senior members and student members. The senior members have voting rights to elect the governing body and to make any changes to SME's constitution. Student members do not have any voting rights, except the right to elect their own officers within their own student chapter. Form 990, Part VI, Line 11 Form 990 Review Process SME utilizes an independent accounting firm to complete the Form 990 and related schedules. A detailed review of the Federal Form 990 was performed by the Director of Finance, the Chief Financial Officer of SME. When the return was finalized, it was presented to the Chief Executive Officer, for discussion and review, where all comments were addressed. The return was then presented to the audit committee of the Board of Directors, whose responsibility it is to review the return on behalf of the Board. Comments were received and addressed and then the completed return was signed by the CEO. The signed return was then sent to all the voting members of the Board of Directors prior to filing. Form 990, Part VI, Line 12c CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT SME maintains a written conflict of interest policy for the officers, directors, volunteers and employees. The policy requires the annual disclosures by officers and directors of interest that could give rise to conflicts. Exceptions, if any, are evaluated by the Board of Directors. Form 990, Part VI, Lines 15a & 15b PROCESS FOR DETERMINING COMPENSATION Benchmark studies have been performed when determining the compensation to be paid to the CEO/Executive Director and all top management. A third party performed an independent assessment using multiple local and national surveys. Target compensation is based on these benchmark studies. The Executive Compensation Committee conducts an annual performance review for the CEO/Executive Director against previously set objectives. The CEO/Executive Director conducts an annual performance review of all top management against previously set objectives. Merit increases are awarded annually by the Executive Compensation Committee for the CEO/Executive Director and all top management, based on performance reviews. Executive incentives are awarded based on the Executive Incentive Plan. Form 990, Part VI, Line 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC The organization makes its Governance Document (which includes SME's Constitution, By-laws and SME Procedures), conflict of interest policy and financial information available to its members. FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II ALLOCATION OF COMPENSATION AMONG ORGANIZATION AND RELATED ORG. THE EXECUTIVE DIRECTOR & CEO AND DIRECTOR OF FINANCE PROVIDE SERVICES TO BOTH SME and SME Education Foundation, A RELATED ORGANIZATION. SME SERVES AS THE COMMON PAYMASTER. COMPENSATION FOR THESE INDIVIDUALS ON PART VII, SECTION A AND SCHEDULE J, PART II HAS BEEN ALLOCATED BASED OFF THE HOURS OF WORK PERFORMED FOR EACH ORGANIZATION. Form 990, Part XI, Line 9 Other Changes in Net Assets Change in unfunded pension 694,138 Remeasurement Loss (253,487) ------------- Total 440,651 Tooling University LLC 3615 Superior Ave Suite 4406C Cleveland OH 44114 043592513 Education OH 9966274 23102249 SME SME Education Foundation One SME Drive Dearborn MI 48128 382746841 Charitable MI 501(c)(3) 07 SME true false true false true false false false false false false false true false true true false true false false SME EDUCATION FOUNDATION B 384079 Cash SME EDUCATION FOUNDATION D 455459 Cash SME EDUCATION FOUNDATION N 73500 Cash SME EDUCATION FOUNDATION O 610676 Cash SME EDUCATION FOUNDATION Q 384614 Cash