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      <ProgramServiceRevenue>
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      <ProgramServiceRevenue>
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      <ProgramServiceRevenue>
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        <TotalRevenueColumn>75000</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>75000</RelatedOrExemptFunctionIncome>
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      <TotalOthProgramServiceRevenue>
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        <RelatedOrExemptFunctionIncome>12625</RelatedOrExemptFunctionIncome>
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        <ExclusionAmount>114381</ExclusionAmount>
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      <NetGainOrLossInvestments>
        <TotalRevenueColumn>80780</TotalRevenueColumn>
        <ExclusionAmount>80780</ExclusionAmount>
      </NetGainOrLossInvestments>
      <OtherRevenueMisc>
        <Description>MISCELLANEOUS</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>335</TotalRevenueColumn>
        <ExclusionAmount>335</ExclusionAmount>
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      <TotalOtherRevenue>335</TotalOtherRevenue>
      <TotalRevenue>
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        <RelatedOrExemptFunctionIncome>573834</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>195496</ExclusionAmount>
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      <InfoInScheduleOPartIX>X</InfoInScheduleOPartIX>
      <GrantsToDomesticIndividuals>
        <Total>80000</Total>
        <ProgramServices>80000</ProgramServices>
      </GrantsToDomesticIndividuals>
      <FeesForServicesManagement>
        <Total>180915</Total>
        <ProgramServices>61511</ProgramServices>
        <ManagementAndGeneral>91489</ManagementAndGeneral>
        <Fundraising>27915</Fundraising>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
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        <ManagementAndGeneral>3833</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>40452</Total>
        <ManagementAndGeneral>40452</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesInvstMgmntFees>
        <Total>12632</Total>
        <ManagementAndGeneral>12632</ManagementAndGeneral>
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      <FeesForServicesOther>
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        <ProgramServices>91411</ProgramServices>
        <ManagementAndGeneral>183894</ManagementAndGeneral>
        <Fundraising>118911</Fundraising>
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      <Advertising>
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        <ProgramServices>9828</ProgramServices>
        <Fundraising>18351</Fundraising>
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      <OfficeExpenses>
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        <ProgramServices>6346</ProgramServices>
        <ManagementAndGeneral>16983</ManagementAndGeneral>
        <Fundraising>2311</Fundraising>
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      <InformationTechnology>
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        <ProgramServices>282426</ProgramServices>
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      <Travel>
        <Total>26123</Total>
        <ProgramServices>19399</ProgramServices>
        <ManagementAndGeneral>6724</ManagementAndGeneral>
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      <ConferencesMeetings>
        <Total>200149</Total>
        <ProgramServices>197710</ProgramServices>
        <ManagementAndGeneral>2439</ManagementAndGeneral>
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      <Insurance>
        <Total>4892</Total>
        <ManagementAndGeneral>4892</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>JOURNAL EXPENSES</Description>
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        <ProgramServices>80190</ProgramServices>
        <Fundraising>52380</Fundraising>
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      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>1850</Total>
        <ProgramServices>493</ProgramServices>
        <ManagementAndGeneral>1357</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>LOSS ON FRGN CURRENCY</Description>
        <Total>99</Total>
        <ProgramServices>99</ProgramServices>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>1413976</Total>
        <ProgramServices>829413</ProgramServices>
        <ManagementAndGeneral>364695</ManagementAndGeneral>
        <Fundraising>219868</Fundraising>
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      <CashNonInterestBearing>
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        <EOY>20889</EOY>
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        <EOY>151835</EOY>
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        <EOY>70699</EOY>
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      <InvestmentsPubTradedSecurities>
        <BOY>2493077</BOY>
        <EOY>2396676</EOY>
      </InvestmentsPubTradedSecurities>
      <TotalAssets>
        <BOY>2746420</BOY>
        <EOY>2640099</EOY>
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      <AccountsPayableAccruedExpenses>
        <BOY>79513</BOY>
        <EOY>82415</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>105359</BOY>
        <EOY>97460</EOY>
      </DeferredRevenue>
      <TotalLiabilities>
        <BOY>184872</BOY>
        <EOY>179875</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>2561548</BOY>
        <EOY>2460224</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>2561548</BOY>
        <EOY>2460224</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>2746420</BOY>
        <EOY>2640099</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-162394</ReconcilationRevenueExpenses>
      <ReconciliationUnrealizedInvest>61070</ReconciliationUnrealizedInvest>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>1</AuditCommittee>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus2Years>367718</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>413100</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>482252</CurrentTaxYear>
        <Total>1263070</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus4Years>1473058</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1881172</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1061059</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1264316</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>573834</CurrentTaxYear>
        <Total>6253439</Total>
      </GrossReceiptsFromAdmissions>
      <Total509>
        <CurrentTaxYearMinus4Years>1473058</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1881172</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1428777</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1677416</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1056086</CurrentTaxYear>
        <Total>7516509</Total>
      </Total509>
      <AmtsRecdFromDisqualPersons>
        <CurrentTaxYearMinus2Years>4210</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>10025</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>7400</CurrentTaxYear>
        <Total>21635</Total>
      </AmtsRecdFromDisqualPersons>
      <AmtsFromSubstContributors>
        <CurrentTaxYearMinus4Years>161782</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>160670</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>326135</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>247156</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>4752</CurrentTaxYear>
        <Total>900495</Total>
      </AmtsFromSubstContributors>
      <SupportFromDQPsEtc>
        <CurrentTaxYearMinus4Years>161782</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>160670</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>330345</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>257181</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>12152</CurrentTaxYear>
        <Total>922130</Total>
      </SupportFromDQPsEtc>
      <PublicSupportTotal509>6594379</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>47237</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>59435</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>77058</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>115189</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>114381</CurrentTaxYear>
        <Total>413300</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>47237</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>59435</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>77058</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>115189</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>114381</CurrentTaxYear>
        <Total>413300</Total>
      </InvestmentIncomeAndUBTI>
      <OtherIncome509>
        <CurrentTaxYearMinus1Year>6266</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>335</CurrentTaxYear>
        <Total>6601</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>1520295</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1940607</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1505835</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1798871</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1170802</CurrentTaxYear>
        <Total>7936410</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.83090</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.84210</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.05210</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.04410</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <TotalOfBookValueLandBuildings>0</TotalOfBookValueLandBuildings>
      <FootnoteInPartXIII>X</FootnoteInPartXIII>
      <TotRevenueEtcAuditedFinclStmt>1312652</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>61070</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>61070</RevenueNotRptdF990>
      <RevenueSubtotal>1251582</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>1251582</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>1413976</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>1413976</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>1413976</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X, LINE 2:</ReturnReference>
        <Explanation>THE SOCIETY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. IN ADDITION, THE SOCIETY QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER IRC SECTION 509(A). THE SOCIETY'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE SOCIETYS OPEN AUDIT PERIODS ARE 2009 THROUGH THE CURRENT YEAR. IN EVALUATING THE SOCIETY'S ACTIVITIES, MANAGEMENT BELIEVES ITS POSITION OF TAX-EXEMPT STATUS IS BASED ON CURRENT FACTS AND CIRCUMSTANCES AND THERE HAVE BEEN NO UNCERTAIN POSITIONS TAKEN RELATED TO RECORDING INCOME TAXES. MANAGEMENT HAS ASSESSED THAT THERE ARE NO ACTIVITIES UNRELATED TO THE PURPOSE OF THE SOCIETY AND THEREFORE NO TAX IS TO BE RECOGNIZED. IT IS THE POLICY OF THE SOCIETY TO INCLUDE IN MANAGEMENT AND GENERAL EXPENSES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES. THERE ARE NO PENALTIES OR INTEREST FROM TAXING AUTHORITIES INCLUDED IN MANAGEMENT AND GENERAL EXPENSES FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011.</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>FELLOWSHIP GRANT</TypeOfGrant>
        <NumberOfRecipients>2</NumberOfRecipients>
        <AmountOfCashGrant>80000</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>PART I, LINE 2</Identifier>
        <ReturnReference>PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS</ReturnReference>
        <Explanation>THE RECIPIENTS OF FELLOWSHIP GRANTS MUST USE THE MONEY FOR THEIR RESEARCH AND MUST PROVIDE A SUMMARY OF THEIR RESEARCH FINDINGS FOR THE BOARD OF DIRECTORS REVIEW AT THE END OF THE YEAR (WHEN THE FELLOWSHIP FUND IS COMPLETE).</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 3</ReturnReference>
        <Explanation>THE SOCIETY HAS AN ASSOCIATION MANAGEMENT COMPANY (SMITHBUCKLIN CORPORATION) IN CHICAGO, ILLINOIS. SMITHBUCKLIN CORPORATION IS A MANAGAGEMENT COMPANY WHICH MANAGES ALL ASPECTS OF THE ORGANIZATION IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS AND POLICIES. OPERATIONS MAY INCLUDE BUT ARE NOT LIMITED TO ADMINISTRATION, MEMBERSHIP, FINANCE AND ACCOUNTING, CONVENTION/TRADESHOW/MEETING PLANNING, EDUCATION, MARKETING, INFORMATION TECHNOLOGY AND GOVERNMENT RELATIONS. SMITHBUCKLIN EMPLOYEES PROVIDE THESE SERVICES AND TOTAL FEES PAID TO SMITHBUCKLIN IS $640,031. SMITHBUCKLIN WAS UNABLE TO CONFIRM THE INDIVIDUAL SALARIES PAID TO THESE EMPLOYEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 6</ReturnReference>
        <Explanation>THE SOCIETY HAS 6 CLASSES OF MEMBERS: INDIVIDUAL, MEMBERS IN TRAINING, HONORARY, EMERITUS, AFFILIATE AND CORPORATE. INDIVIDUAL, MEMBERS IN TRAINING AND AFFILIATE MEMBERS HAVE THE RIGHT TO VOTE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 7A</ReturnReference>
        <Explanation>THE IBMS MEMBERSHIP ELECTS THE MEMBERS OF THE BOARD OF DIRECTORS BY MAIL BALLOT.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 7B</ReturnReference>
        <Explanation>MEMBERS MAY BE REQUESTED TO VOTE ON MATTERS BROUGHT BEFORE THEM BY THE OFFICERS OF IBMS EITHER BY MAIL BALLOT (FOR ISSUES DEEMED TO BE CRUCIAL AND UNABLE TO WAIT UNTIL THE NEXT REGULAR MEETING OF THE MEMBERSHIP) OR AT A GENERAL MEETING OF THE MEMBERSHIP. MATTERS REQUESTING THE VOTES OF MEMBERS SHALL BE APPROVED BY THE MAJORITY OF THE MEMBERS ATTENDING THE GENERAL MEETINGS OR BY THE MAJORITY OF MEMBERS PARTICIPATING IN A VOTING PROCESS BY MAIL OR EMAIL BALLOT.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>A COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO ISSUANCE. THE SMITHBUCKLIN CLIENT MANAGER PERFORMS THE INITIAL REVIEW AND THE EXECUTIVE DIRECTOR DOES A FINAL REVIEW.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE POLICY IS REVIEWED EACH YEAR AND DURING EACH MEETING. THE EXECUTIVE COMMITTEE ASKS FOR THOSE WHO MAY HAVE A CONFLICT OF INTEREST IN A SPECIFIC TOPIC AREA TO NOT PARTICIPATE AND EXCUSE THEMSELVES FROM THE MEETING AND DECISION MAKING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE BYLAWS ARE MADE AVAILABLE TO MEMBERS ON THE MEMBERS ONLY WEBSITE. THE BYLAWS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP MANAGEMENT OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PART VI, LINE 15A</ReturnReference>
        <Explanation>COMPENSATION IS NOT SUBJECT TO A REVIEW AND APPROVAL PROCESS FOR CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIAL BECAUSE THERE ARE NO EMPLOYEES OF IBMS. INSTEAD, IBMS OUTSOURCES THE MANAGEMENT FUNCTION TO SMITHBUCKLIN, WHO HIRES QUALIFIED EMPLOYEES, SUCH AS THE EXECUTIVE DIRECTOR TO MANAGE THE DAY TO DAY FUNCTIONS OF IBMS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OTHER OFFICERS</Identifier>
        <ReturnReference>FORM 990, PART VI, LINE 15B</ReturnReference>
        <Explanation>COMPENSATION IS NOT SUBJECT TO A REVIEW AND APPROVAL PROCESS FOR OTHER OFFICERS OR KEY EMPLOYEES BECAUSE THERE ARE NO EMPLOYEES OF IBMS. INSTEAD, IBMS OUTSOURCES THE MANAGEMENT FUNCTION TO SMITHBUCKLIN, WHO HIRES QUALIFIED EMPLOYEES, SUCH AS THE EXECUTIVE DIRECTOR TO MANAGE THE DAY TO DAY FUNCTIONS OF IBMS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER FEES</Identifier>
        <ReturnReference>FORM 990, PART IX, LINE 11G</ReturnReference>
        <Explanation>STAFF SUPPORT: PROGRAM SERVICE EXPENSES 91,411. MANAGEMENT AND GENERAL EXPENSES 183,894. FUNDRAISING EXPENSES 118,911. TOTAL EXPENSES 394,216.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>