2015-10-28T13:35:24-05:00 2014-12-31 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 990 2014-01-01 380298770 Society of Manufacturing Engineers % JULIE DUFF SOCI 3134253000 One SME Drive Dearborn MI 481282408 JEFFREY KRAUSE Director and CEO 3134253000 2015-10-27 true Bridget T Roche P00666837 3128560200 2014 2016-04-25 22:37:26Z Jeffrey M Krause 49019396 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 13 12 216 1000 4091198 344830 41619 108791 51786269 42307890 2375023 1639156 869216 640027 55072127 44695864 438418 421734 0 0 18146907 16725347 0 0 0 33322628 28712272 51907953 45859353 3164174 -1163489 67148888 64306657 25232719 26448640 41916169 37858017 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 21090626 2087 24548850 Expositions & 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 2014 was 53,404. 8668933 0 10891563 Training & Development- Certifications, Assessments, Training, Books & Videos -- SME offers a number of industry recognized certifications that document knowledge, skills and abilities within specific job categories or manufacturing processes. Our certification programs provided certifications for 11,512 manufacturing professionals that serve to showcase their accomplishments. In addition, SME also offers assessment opportunities for the manufacturing engineer to gauge their progress. On-site, on-line, and other hybrid training opportunities offer flexibility and convenience for today's engineer. Tooling University, LLC has an extensive catalog of manufacturing specific content and innovative learning tools, including hundreds of on-line training classes written for metal manufacturers, welders, assemblers, and maintenance professionals. Tooling University's classes are delivered through their custom learning management system which provides extensive tracking and reporting capabilities. Tooling University's competence tie the on-line curriculum to the hands-on tasks that put the theory to practice and offers customization tools, content-development services and multi-language support to ensure that every person has access to relevant manufacturing training that meets their specific needs. In addition, SME offers approximately 500 books, CD's and DVD's that educate the professional manufacturer on many topics within the field. 4054881 0 5461188 Publications- SME incorporates education & training into everything it does. ME magazine's editorial content calendar schedules a theme for each issue which is selected to enhance knowledge in a particular engineering discipline. The schedule of issue themes correlates as appropriate with upcoming trade shows and conferences and rounds out the education. For each theme, the editor and staff of ME magazine interview organizations with products, services & new technologies that help advance the featured engineering discipline. Some of these organizations will be included in the editorial content of the magazine, others will be invited to place an advertisement, meeting certain specifications designed to enhance the educational experience of the readers with respect to the featured editorial content. When there is an upcoming trade show, the ME Magazine editorial content is linked to the trade show/conference theme in anticipation of the trade show & conferences & to promote the trade show and conferences. ME Magazine and its yearbook provide timely information about emerging technologies & industries via its educational content & advertisements. The magazine furthers SME's exempt purpose by providing education in support of SME's expositions and other educational events. The total circulation of our Manufacturing Engineering magazine in 2014 was 1,212,882. SME also distributes four monthly newsletters which focus on the areas of Aerospace & Defense, Energy Manufacturing, Lean Directions and Quality in Manufacturing. The magazine and other ME Media content is delivered through a fully integrated media portfolio, which makes information available in print, online, through email, mobile apps, social media networks, webinars & downloads. In addition, SME publishes three scholarly, peer-reviewed journals on manufacturing systems, pioneering processes & research innovation and maintains an archive of more than 16,000 technical papers. 2087115 34647 1406289 Membership Programs 385000 385000 0 Engineering Education Grants 2472115 419647 1406289 36286555 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 true false false false false false true true true true false false true 149 0 true 216 true true true true CA false false false false false false false false X 13 12 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 Joseph J Beaman Director 5.0 0.0 X 0 0 0 Edye S Buchanan Director 5.0 0.0 X 0 0 0 Thomas R Kurfess Director 5.0 0.0 X 0 0 0 Mark L Michalski 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 President 10.0 0.0 X X 0 0 0 Wayne F Frost President Elect & Interim CEO 25.0 0.0 X X 123109 0 3692 Dean L Bartles Vice-President 10.0 0.0 X X 0 0 0 Sandra L Bouckley Secretary/Treasurer 10.0 0.0 X X 0 0 0 Dennis S Bray Director & Interim CEO 16.0 0.0 X X 0 0 0 Jeffrey M Krause Exec Dir/CEO as of Dec 2014 50.0 0.0 X 6019 0 0 Julie Duff Senior Controller/CFO 50.0 0.0 X 130285 0 10986 Deborah Holton Director, Events/Strategic Dev 50.0 0.0 X 230033 0 31967 Jeannine A Kunz Director, Tooling U - SME 50.0 0.0 X 259152 0 26655 Stavros Prahalis Director, Bus Dev & Innovation 50.0 0.0 X 245955 0 20861 Daniel Sloan Enterprise Sales Executive 50.0 0.0 X 271373 0 21381 Toni L Neary Bus Dev, Gov't & Education 50.0 0.0 X 253135 0 23437 Leonard Scaffidi Enterprise Sales Executive 50.0 0.0 X 206695 0 18835 Chad H Schron Division MGR, Tooling U-sme 50.0 0.0 X 194900 0 26658 Erica Ciupak Director, IT 50.0 0.0 X 166259 0 6145 Bart Aslin Former Foundation Officer 0.0 0.0 X 103488 0 7044 Greg Sheremet Former Key Employee 50.0 0.0 X 163760 0 28728 Mark Tomlinson Former Exec Director/CEO 0.0 0.0 X 382498 0 18543 Timothy A Fausch Former Key Employee 50.0 0.0 X 140739 0 10509 2877400 0 255441 31 true true false Freeman PO Box 650036 DALLAS TX 75205 Conf & Exhibit Svcs 840037 Quadgraphics N63 W23075 State Highway 74 SUSSEX WI 53089 Publishing 837957 Proximity Marketing 2947 Industrial Parkway BRUNSWICK OH 44212 Electronic Promotion 257424 DBL Associates 33 W 266 Ashley Ln WAYNE IL 60184 Sales Commisison 238271 All Covered PO Box 39000 SAN FRANCISCO CA 94139 Computer Services 231482 23 71936 36855 108791 EXPOSITIONS AND CONFERENCES 541300 24548850 977671 23571179 TRAINING AND DEVELOPMENT 611600 10891563 10891563 PUBLICATIONS SUBSCRIPTIONS & ADVERTISING 511130 5461188 1369990 4091198 MEMBERSHIPS 541900 1406289 1406289 42307890 724232 724232 0 577189 390139 187050 0 0 0 4290000 661 3345403 30334 944597 -29673 914924 914924 0 0 1010633 947795 62838 62838 0 44695864 15098490 4091198 25397385 418840 418840 0 2894 2894 0 1130152 833918 296234 0 0 0 13164493 9159681 4004812 473847 329490 144357 888379 621079 267300 1068476 746987 321489 0 95244 36987 58257 140524 28919 111605 0 0 60947 60947 2884508 2261679 622829 4126021 3485105 640916 1103044 706709 396335 398853 94448 304405 0 1178730 466887 711843 1672828 1461302 211526 0 13619704 13558882 60822 40973 2 40971 0 1123759 52455 1071304 188061 88618 99443 PRINT AND PUBLISHING 1001814 1001814 DEVELOPMENT COSTS 493069 493069 BAD DEBTS 386344 386344 TAXES 138374 4256 134118 59475 46190 13285 45859353 36286555 9572798 0 6355152 5461233 0 0 0 0 2701531 2339677 0 0 0 0 0 0 222134 213291 443258 744150 10346660 6803815 3663224 3542845 41773367 40899214 0 0 0 0 11797666 11106247 192556 0 67148888 64306657 10881489 8373808 0 0 6355577 8285159 0 0 0 0 0 0 3500000 2500000 0 0 4495653 7289673 25232719 26448640 X 41916169 37858017 0 0 0 0 41916169 37858017 67148888 64306657 X -1163489 246456 -3141119 X false true X true false X 1518148 1687741 1561693 1783222 1515080 8065884 22612387 40459377 33778104 48020571 38211175 183081614 0 0 0 24130535 42147118 35339797 49803793 39726255 191147498 1812 1812 118786 118786 120598 120598 191026900 2028648 1537684 1516838 1081015 911282 7075467 28550 126818 227588 382956 2028648 1537684 1545388 1207833 1138870 7458423 0 0 26159183 43684802 36885185 51011626 40865125 198605921 0.96184 0.94672 0.03755 0.05328 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 0 201829 195231 6598 0 3844513 3539234 305279 0 6300318 3069350 3230968 3542845 0 PENSION & POSTRETIREMENT LIABILITY 7194730 DUE TO SME EDUCATION FOUNDATION 94943 7289673 X 45736816 246456 978129 1224585 44512231 60947 122686 183633 44695864 49794968 4119248 4119248 45675720 60947 122686 183633 45859353 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 2011, 2012, 2013 and 2014 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 947,795 Foreign Currency Loss 30,334 ---------- Total 978,129 Schedule D, Part XI, Line 4b AMOUNTS INCLUDED ON FORM 990, NOT ON LINE 1 contribution revenue 108,791 product development & misc revenue 13,895 ---------- Total 122,686 Schedule D, Part XII, Line 2d AMOUNTS INCLUDED ON LINE 1, NOT ON FORM 990 change in unfunded pension 3,055,739 cost of goods sold 947,795 remeasurement loss 85,380 foreign currency loss 30,334 ----------- Total 4,119,248 Schedule D, Part XII, Line 4b AMOUNTS INCLUDED ON FORM 990, NOT ON LINE 1 contribution revenue 108,791 product development & misc revenue 13,895 ---------- Total 122,686 true North America 1 10 Program Services Expositions 3048461 1 10 1 10 3048461 3048461 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 US 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) 385000 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 true false false true false false false false false Deborah Holton Director, Events/Strategic Dev 162438 0 67207 0 388 0 14340 0 18041 0 262414 0 0 Jeannine A Kunz Director, Tooling U - SME 166441 0 92442 0 269 0 9888 0 22061 0 291101 0 0 Stavros Prahalis Director, Bus Dev & Innovation 185897 0 59669 0 389 0 882 0 20419 0 267256 0 0 Daniel Sloan Enterprise Sales Executive 63446 0 207898 0 29 0 1402 0 20065 0 292840 0 0 Toni L Neary Bus Dev, Gov't & Education 48538 0 204592 0 5 0 2179 0 21310 0 276624 0 0 Leonard Scaffidi Enterprise Sales Executive 65413 0 141128 0 154 0 2764 0 16285 0 225744 0 0 Chad H Schron Division MGR, Tooling U-sme 162329 0 32448 0 123 0 6679 0 20158 0 221737 0 0 Erica Ciupak Director, IT 153624 0 11801 0 834 0 6145 0 156 0 172560 0 0 Bart Aslin Former Foundation Officer 0 0 0 103488 0 0 0 7044 0 110532 0 0 Greg Sheremet Former Key Employee 144246 0 18709 0 805 0 6063 0 22906 0 192729 0 0 0 Mark Tomlinson Former Exec Director/CEO 7740 0 0 0 374758 0 0 0 18543 0 401041 0 0 0 Timothy A Fausch Former Key Employee 99806 0 40581 0 352 0 3416 0 7462 0 151617 0 0 0 Schedule J, Part I, Line 4a SEVERANCE PAYMENT Mark Tomlinson's term as Executive Director/CEO ended December 31, 2013. He received severance payments of $374,758 during 2014. Bart Aslin's term as CEO ended November 11, 2013. He received severance payments of $103,488 during 2014. Severance amounts are reported in Schedule J, Part II, Column B(iii). 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. Chad Schron Family Member of Former 206411 Compensation Paid to TU Mgr false PART IV, LINE 1 Business Transaction Involving Interested Person Chad Schron is a family member of a former board member and received compensation of $206,411 from Tooling University, LLC, which is a disregarded entity of SME. Form 990, Part III, Line 4d Program Service Membership Programs- SME's 18,122 members keep up to date on technical and process improvements within the manufacturing field. This is accomplished via local communities where they attend plant tours, conferences, networking and other opportunities to gain leadership skills. SME's technical communities provide a means for members to solve technical and business challenges. SME focuses on the eight technical communities of Automated Manufacturing & Assembly, Forming & Fabricating, Industrial Laser, Machining & Material Removal, Manufacturing Education & Research, Plastics Composites & Coatings, Product & Process Design and Management, and Rapid Technologies & Additive Manufacturing. SME's 130 chapters provide members with opportunities to learn about new trends & processes, get assistance with manufacturing related problems, expand networks and enhance leadership skills. The chapter meetings provide a forum for members to discuss technical issues and exchange ideas. Engineering Education Grants- Through its SME EF and other grants, SME inspires youth to pursue careers in manufacturing, support 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 A detailed review of the Federal Form 990 was performed by the Senior Controller, 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 & 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 Executive Compensation Committee of the Board. 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 XI, Line 9 Other Changes in Net Assets Change in unfunded pension (3,055,739) remeasurement loss (85,380) ------------ Total Other Changes (3,141,119) Tooling University LLC 3615 Superior Ave Suite 4406C Cleveland OH 44114 043592513 Education OH 9332455 21000618 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 385000 Cash SME Education Foundation d 94943 Cash SME Education Foundation n 73500 Cash SME Education Foundation o 555959 Cash SME Education Foundation q 381924 Cash