2011-11-15T13:53:09-00:00 2010-12-31 Deloitte Tax LLP 200 Renaissance Center Suite3900 Detroit MI 48243 990 2010-01-01 380298770 SOCIETY OF MANUFACTURING ENGINEERS % Robert Harris SOCI 3134253000 ONE SME DRIVE DEARBORN MI 481282408 MARK C TOMLINSON 3134253000 2011-11-15 true 3133963000 2011-11-15 2010 2016-02-24 21:20:13Z Mark Tomlinson One SME Drive Dearborn MI 48128 38230042 false X www.sme.org X 1932 MI The Society of Manufacturing Engineers is the world's leading professional society supporting manufacturing education and the advancement of scientific knowledge in the field of manufacturing through its member programs, publications, expositions and professional development resources. The Society of Manufacturing Engineers is the worlds leading professional society supporting manufacturing education and the advancement of scientific knowledge in the field of manufacturing through its member programs, publications, expositions and professional development resources. 13 13 192 1000 2137687 -31198 0 29575951 24840771 3500963 2360345 410875 976943 33487789 28178059 453720 457704 0 12187369 11363911 0 0 21408777 19589813 34049866 31411428 -562077 -3233369 52530463 63184093 13823229 22651605 38707234 40532488 X The Society of Manufacturing Engineers mission is to acquire and distribute manufacturing knowledge among its members and the broader manufacturing community. The Societys vision is to be recognized globally as the premier source for manufacturing knowledge, education and networking. false true 16792753 17076393 Expositions - 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. The total attendance at SME expositions in 2010 was 45,607. 4342611 3993464 Publications - The Societys many publications provide educational content to our members and others in the manufacturing field. The Manufacturing Engineering magazine and its yearbooks provide timely information about emerging technologies and industries. The total circulation of our Manufacturing Engineering magazine in 2010 was 1,295,217. 3046359 72204 1527458 Membership Programs - The Societys 23,316 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. SMEs 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. 3946847 385500 2500709 28128570 true false false false false false false false false true false false false false true false true false true true false false false false false false true false true false false false false false true true true false false false false true true true true false false true 121 0 true 192 true true true true CA false false false false false false false false X 13 13 false false false false true true true true true false true true false true true true true true true true false MI X Robert Harris 3134253000 One SME Drive Dearborn MI 48128 X Dean L Bartles 005.00 X 0 0 0 Michael C Burstein 005.00 X 0 0 0 Charles D Cox 005.00 X 0 0 0 Wayne F Frost 005.00 X 0 0 0 Michael F Molnar 005.00 X 0 0 0 Robert R Nesbitt 005.00 X 0 0 0 Richard C Peters 005.00 X 0 0 0 Richard W Shoemaker 005.00 X 0 0 0 Michael R Watson 005.00 X 0 0 0 Barbara Fossum 010.00 X X 0 0 0 Paul D Bradley 010.00 X X 0 0 0 La Roux Gillespie 010.00 X X 425 0 0 Dennis Bray 010.00 X X 0 0 0 Mark Tomlinson 050.00 X 270896 0 2664 Robert Harris 050.00 X 135367 0 3350 Gregory Sheremet 050.00 X 185854 0 8444 Bart Aslin 000.00 X 174015 0 2738 Stavros Prahalis 050.00 X 198248 0 5288 Deborah Holton 050.00 X 126217 0 3319 Jeannine Kunz 050.00 X 125350 0 5200 James Spilos 050.00 X 122567 0 0 John Catalano 050.00 X 111747 0 5052 1450686 36055 13 false true false Freeman PO Box 650036 Dallas TX 75265 Convention decorating services 1632184 Quadgraphics PO Box 98668 Chicago IL 60693 Printing and mailing services 729604 Marketing General Inc 209 Madison Street Alexandria VA 22314 Membership recruiting services 354731 Proximity Marketing 2947 Interstate Parkway Brunswick OH 44212 Marketing services 324940 C-t-Plus W141N9400 Fountain Blvd Menomonee Falls WI 53051 Prepress services 230540 16 Expositions 541300 17076393 356821 16719572 Professional Dev Certification Training 611600 1873312 1873312 Conferences 611600 384266 384266 Magazines Subscriptions and Advertising 511120 3988652 1850965 2137687 Memberships 541900 1518148 1518148 24840771 1308958 1308958 975458 265768 709690 10000 10000 10000 10000 9933172 8876855 4930 1056317 -4930 1051387 1051387 1161683 1170198 -8515 -8515 28178059 6240765 2137687 19799607 454926 454926 0 2778 2778 0 1486741 1074464 412277 0 7758286 6860399 897887 310608 59839 250769 1171144 1004811 166333 637132 546642 90490 0 146198 30364 115834 137593 27564 110029 0 49463 49463 5479247 5383642 95605 1136251 1092696 43555 923690 811249 112441 356431 65004 291427 10000 10000 635967 524970 110997 909401 855179 54222 0 8340019 8332527 7492 23490 70 23420 0 886123 482108 404015 90058 70115 19943 Printing Publications 393555 393555 Dues 52703 37044 15659 Bad Debts 8624 8624 Michigan Business Taxes 11000 11000 0 31411428 28128570 3282858 0 796793 1844887 1119911 2627301 388775 266517 397474 443525 6805428 5914081 1102740 891347 44497758 41383371 4146673 15727145 80339 52530463 63184093 9610814 8652777 4212415 7498828 6500000 13823229 22651605 X 38707234 40532488 38707234 40532488 52530463 63184093 X -3233369 5058623 X false true true X false X 0 0.00000 1756950 1464585 1465598 1525486 1518148 7730767 21171806 34447442 29386710 27137740 22612387 134756085 22928756 35912027 30852308 28663226 24130535 142486852 142486852 1795308 2204135 2042049 3815004 2028648 11885144 3723255 4946471 3755822 2117420 2137687 16680655 5518563 7150606 5797871 5932424 4166335 28565799 0 0 28447319 43062633 36650179 34595650 28296870 171052651 0.83300 0.82570 0.16700 0.17430 X false 186240 51941 134299 4536422 3986168 550254 2082766 1875972 206794 891347 28178059 31411428 -3233369 4882772 175851 5058623 1825254 34251716 4882772 1346049 6228821 28022895 49463 105701 155164 28178059 32426462 1170198 1170198 31256264 49463 105701 155164 31411428 XI 8 175,851 Remeasurement gain from restated Canadian financial statements XII 2d 175,851 Remeasurement gain from restated Canadian financial statements XII 2d 1,170,198 Cost of sales netted with revenue XII 2d 1,346,049 Total Other, Line 2d XII 4b 105,701 Expense reimbursements netted with financial statement expenses XIII 2d 1,170,198 Cost of sales netted with revenue XIII 4b 105,701 Expense reimbursements netted with financial statement expenses X 2 Financial Statement Footnote J - Uncertain Tax Positions - Accounting standards require disclosure in the financial statements of the impact of uncertain tax positions on the reported tax expense. For the Society and the Foundation, managements judgement requiring an evaluation of uncertain tax positions fall in three areas 1. If the Society and the Foundation continue to meet the eligibility requirements for not-for-profit staus in all tax jurisdictions where they conduct business. X 2 continued 2. If the Society and Foundation have properly identified all unrelated business income elements subject to tax even with the not-for-profit status. 3. If the Society and Foundation have properly allocated expenses between jurisdictions and between taxable and non-taxable revenue elements in determining income subject to tax. Management has concluded that there are no tax positions in these financial statements which are more likely than not to fail upon examination by a taxing authority. X 2 continued Therefore, the full tax benefits and consequences of its tax positions have been recorded in these statements. There are no unrecognized tax benefits at December 31, 2010 and 2009. Management is not aware of any positions for which it is reasonably possible that the unrecognized tax benefit will significantly increase or decrease within 12 months of the reporting date. No recent tax year has been closed by an audit by taxing authorities. true North America 1 9 Program Services Expositions 3103332 1 9 1 9 3103332 3103332 false false false false false false I 2 The Society of Manufacturing Engineers 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 Dr Dearborn MI 48128 382746841 501c3 385000 Education Society of Manufacturing Engineers Chapters One SME Dr Dearborn MI 48128 382951670 501c3 69426 Chapter Support 2 I 2 The Society provides grants to the SME Education Foundation and to its chapters. These organizations further manufacturing engineering education through youth programs, scholarships to selected students grants to colleges universities. The Societys management participates in the budget setting process of the Foundation, attends SME Education Foundation board meetings and reviews financial information allowing oversight over the use of the grants by the Foundatiion chapters. X X X X X false false false false true false false false Mark Tomlinson 253836 17060 2664 273560 Gregory Sheremet 183609 2245 8444 194298 Bart Aslin 147585 25462 968 1738 175753 Stavros Prahalis 197704 544 5288 203536 I 5b The Society paid a bonus to the Foundation Director. The bonus compensation is part of a multifactor bonus package that pays out a defined amount depending on which factors are met. Certain components of the package are contingent upon the revenues of the Foundation, but no portion of the payment is contingent upon the net earnings of the Society or any related organization. Jergens Inc Owned by family of former director 2188234 Purchase of interest in Tooling University false Chad Schron Family member of former director 2023040 Purchase of interest in Tooling University false Jack Mary Ellen Schron Former director 1300493 Purchase of interest in Tooling University false Terry Jayme Schron Family member of former director 975369 Purchase of interest in Tooling University false Jack H Schron Sr Trust Family member of former director 270936 Purchase of interest in Tooling University false Esther Schron Family member of former director 270936 Purchase of interest in Tooling Universtiy false Jergens Inc Owned by family of former director 34000 Rent paid - temporary space used by TU false Jergens Inc Owned by family of former director 15547 Exhibit space sales sold to Jergens false Chad Schron Family member of former director 33791 TU division manager compensation false IV 1-9 On September 30, 2010, the Society purchased the remaining 97.5 outstanding ownership interests in Tooling University, LLC. Prior to that date, the Society had been a 2.5 owner of the LLC. Before the purchase, Tooling U was majority owned by a former SME Board of Directors member and his family. The former SME Board of Directors member resigned from the Board prior to the contract negotiations. Because the Society was purchasing a product line owned by the family of a former director, the Societys Board of Directors engaged legal and valuation experts to advise the Board on the proper fair market value of the business for this transaction. The Society believes it paid fair market value for Tooling University, LLC. IV 1-9 The Society acquired Tooling U to better meet its mission and exempt purpose of providing manufacturing knowledge for its members and others in the manufacturing community. Specifically, Tooling U equips SME with the ability to provide training using an on-line learning system, a cost effective format in increasing demand from its members. Combined with the knowledge contained in SMEs own training programs, certifications, publications and videos, as well as the knowledge and advice of its members, SME believes it can grow Tooling Us course offerings to meet the expanding needs for workforce development training. 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. IV 1-9 These classes are delivered through Tooling Universitys custom learning management system which provides provides extensive tracking and reporting capabilities. Tooling Universitys competencies tie the online curriculum to the hands-on tasks that put the theory to practice and offers customization tools, content-develoment services and multi-language support to ensure that every person has access to relevant manufacturing training that meets their specific needs. Form 990 Part III 3 During 2010, the Society purchased Tooling University, LLC, the leading provider of on-line training focused on the unique needs of manufacturers. 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. These classes are delivered through Tooling Universitys custom learning management system which provides extensive tracking and reporting capabilities. Tooling Universitys competencies tie the online curriculum to the hands-on tasks that put the theory to practice and offers customization tools, content-develoment services and multi-language support to ensure that every person has access to relevant manufacturing training that meets their specific needs. Form 990 Part VI 2 contd These Tooling University on-line courses provide SME with a new form of delivering education content and supplements the education historically provided by the Society. Form 990 Part VI 6,78 --The Society 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 the Society of Manufacturing Engineers 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 11b --A detailed review of the Federal Form 990 was performed by the Director of Finance, the Chief Financial Officer of the Society. When the return was finalized, it was presented to the Executive Director, the Chief Executive Officer, for discussion and review and 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 addressed and the completed return was then signed by the Executive Director/CEO. Form 990 Part VI 12c --The Society maintains a written conflict of interest policy for its officers, directors, volunteers and employees. The policy requires the annual disclosure by officers and directors of interest that could give rise to conflicts. Exceptions, if any, are evaluated by the Board. Form 990 Part VI 15b --Benchmark studies have been performed when determining the compensation to be paid for all top management. A third party, Pay Governance, performed an independent assessment using multiple local and national surveys. Target compensation is based on these benchmark studies. The Executive Director/CEO conducts an annual performance review of all top management against previously set objectives. The Executive Compensation Committee conducts an annual performance review for the Executive Director/CEO against previously set objectives. Merit increases are awarded annually by the Executive Compensation Committee for all top management, based on reviews. Executive incentives are awarded based on the Executive Incentive Plan. Form 990 Part VI 19 --The organization makes its governing documents, conflict of interest policy and financial information available to its members. Form 990 Part XI 5 --Reconciliation of Net Assets - Other Changes in Net Assets or Fund Balances are comprised of Net Unrealized Gains on Investments of 4,882,772 and Remeasurement Gain from Restated Canadian Financial Statements of 175,851. Total Other Changes in Net Assets or Fund Balances of 5,058,623. Form 990 Part VII 17 --Bart Aslin, SME Education Foundation Director, works an average of 50 hours per week on the SME Education Foundation, a subsidiary of the Society of Manufacturing Engineers. Form 990 Part III Program Service Accomplishments Line 4d Other Activities Program Service Expenses 2,315,352, Grants and allocations 0, Revenue 1,873,435 ---Professional Development Certifications, Assessments Training--- The Society 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 9,350 manufacturing professionals that serve to showcase their achievements. In addition, the Society 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 todays 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. These classes are delivered through Tooling Universitys custom learning management system which provides extensive tracking and reporting capabilities. Tooling Universitys competencies tie the online curriculum to the hands-on tasks that put the theory to practice and offers customization tools, content-develoment services and multi-language support to ensure that every person has access to relevant manufacturing training that meets their specific needs. Form 990 Part III Program Service Accomplishments Line 4d Other Activities Program Service Expenses 1,245,995, Grants and allocations 0, Revenue 627,274 ---Technical, Educational and Other--- SME provides conferences and training programs for various manufacturing processes, procedures and materials. These programs range from introductory level courses to in-depth technical and process solutions. During 2010, there were approximately 500 attendees at the various educational events. The Society offers more than 600 books, CDs and DVDs that educate the professional manufacturer on many topics within the field. The Society also publishes two scholarly, peer-reviewed journals on manufacturing systems and pioneering processes. SME maintains an archive of more than 17,000 technical papers. Our e-newsletters provide timely articles on lean techniques and quality in manufacturing principles. Form 990 Part III Program Service Accomplishments Line 4d Other Activities Program Service Expenses 385,500, Grants and allocations 385,500, Revenue 0 ---Engineering Education Grants--- Through its SME Education Foundation 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. Tooling University LLC 3615 Superior Ave Suite 4406C Cleveland OH 44114 043592513 Education Courses OH 795218 13417937 Society of Manufacturing Engineers SME Education Foundation One SME Drive Dearborn MI 48128 382746841 Charitable MI 501c3 7 N/A true false true false false false false false false false false true false true true false true false false SME Education Foundation b 385000 Based on Cost SME Education Foundation k 26500 Based on Cost SME Education Foundation m 73500 Based on Cost SME Education Foundation n 391761 Based on Cost SME Education Foundation p 419082 Based on Cost Society of Manufacturing Engineers Chapters b 72204 Based on Cost I 1 On September 30, 2010, the Society purchased the remaining 97.5 outstanding ownership interests in Tooling University, LLC. Prior to that date, the Society had been a 2.5 owner of the LLC. Before the purchase, Tooling U was majority owned by a former SME Board of Directors member and his family. The former SME Board of Directors member resigned from the Board prior to the contract negotiations. In addition, the SME Board of Directors utilized legal and valuation advisors in arriving at the determination of the fair value for the business. The Society believes it paid fair market value for Tooling University, LLC. I 1 The Society acquired Tooling U to better meet its mission and exempt purpose of providing manufacturing knowledge for its members and others in the manufacturing community. Specifically, Tooling U equips SME with the ability to provide training using an on-line learning system, a cost effective format in increasing demand from its members. Combined with the knowledge contained in SMEs own training programs, certifications, publications and videos, as well as the knowledge and advice of its members, SME believes it can grow Tooling Us course offerings to meet the expanding needs for workforce development training.