Society Of Plastics Engineers Inc
- Assets
- $7.9m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Danbury, CT
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 06-0692002
Organization Overview
Society Of Plastics Engineers Inc is located in Danbury, CT. The organization was established in 1945. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Society Of Plastics Engineers Inc employed 15 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Society Of Plastics Engineers Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Society Of Plastics Engineers Inc generated $3.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Society Of Plastics Engineers Inc has awarded 85 individual grants totaling $832,082. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY OF PLASTICS ENGINEERS (SPE) SUPPORTS PEOPLE AND COMPANIES IN THE PLASTICS INDUSTRY, BY PRODUCING PROGRAMS WHICH FACILITATE THE SHARING OF KNOWLEDGE, THE STRENGTHENING OF SKILLS AND THE PROMOTION OF THE PLASTICS INDUSTRY WORLDWIDE. SPE SERVES PLASTICS PROFESSIONALS FROM EVERY SEGMENT OF THE INDUSTRY, INCLUDING ENGINEERS, SCIENTISTS, TECHNICIANS, SALESPEOPLE, MARKETERS, RETAILERS AND REPRESENTATIVES FROM ALL PLASTICS-PRODUCING AND PLASTICS-USING INDUSTRIES. THESE STAKEHOLDERS USE SPE AS A FORUM TO DISCUSS CRITICAL ISSUES AND SHARE TECHNICAL ADVANCEMENTS FOR THE BETTERMENT OF THE INDUSTRY AND OF SOCIETY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES THE FOLLOWING SERVICES, AVAILABLE BOTH TO MEMBERS AND TO NON-MEMBER PLASTICS PROFESSIONALS: THE JOURNAL OF POLYMER ENGINEERING & SCIENCE; THE JOURNAL OF POLYMER COMPOSITES; THE JOURNAL OF VINYL & ADDITIVE TECHNOLOGY; PLASTICS ENGINEERING MAGAZINE; MORE THAN A DOZEN WORLDWIDE TECHNICAL CONFERENCES; ANNUAL TECHNICAL CONFERENCE (ANTEC - ATTENDED BY APPROXIMATELY 1,500); RESEARCH INCLUDING THE ANNUAL PLASTICS INDUSTRY SALARY SURVEY; THE SPE ONLINE TECHNICAL LIBRARY (MORE THAN 14,000 PAPERS); SPE COMMUNITIES (ONLINE OPEN FORUM); PLASTICS INSIGHT NEWSLETTER; SCHOLARSHIPS AND GRANTS THROUGH THE SPE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Farrey Chief Executive Officer | Officer | 50 | $368,299 |
Jason Lyons President | OfficerTrustee | 2 | $0 |
James Waddell Vice President Business An | OfficerTrustee | 2 | $0 |
Paul Martin Vice President Appointed | Trustee | 2 | $0 |
Bruce Mulholland President-Elect | Trustee | 2 | $0 |
Jaime A Gomez Past President | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crain Communications Inc Advertising | 12/30/17 | $107,480 |
Zendics Bvba Management | 12/30/17 | $311,374 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $58,631 |
| Government grants | $244,952 |
| All other contributions, gifts, grants, and similar amounts not included above | $669,086 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $972,669 |
| Total Program Service Revenue | $2,322,923 |
| Investment income | $468,513 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $87,780 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,851,885 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $211,230 |
| Grants and other assistance to domestic individuals. | $26,804 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $376,999 |
| Compensation of current officers, directors, key employees. | $91,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $855,998 |
| Pension plan accruals and contributions | $13,373 |
| Other employee benefits | $164,450 |
| Payroll taxes | $96,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,741 |
| Fees for services: Accounting | $101,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $248,529 |
| Advertising and promotion | $3,154 |
| Office expenses | $267,194 |
| Information technology | $125,304 |
| Royalties | $0 |
| Occupancy | $68,491 |
| Travel | $43,547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,146 |
| Interest | $20,020 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,621 |
| Insurance | $27,284 |
| All other expenses | $1,720 |
| Total functional expenses | $3,043,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $584,759 |
| Savings and temporary cash investments | $45,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,182 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $88,392 |
| Net Land, buildings, and equipment | $9,415 |
| Investments—publicly traded securities | $7,074,525 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,877,326 |
| Accounts payable and accrued expenses | $156,074 |
| Grants payable | $0 |
| Deferred revenue | $1,383,761 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $931,071 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $318,383 |
| Total liabilities | $2,789,289 |
| Net assets without donor restrictions | $3,910,566 |
| Net assets with donor restrictions | $1,177,471 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,877,326 |
Grants Awarded
Over the last fiscal year, Society Of Plastics Engineers Inc has awarded $137,400 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
NEW PARADIGM FOR EDUCATION PURPOSE: ECOTEK SCIENCE AT WORK! LAB | $49,800 |
Lake Wales, FL PURPOSE: ECOTEK SCIENCE AT WORK! LAB | $16,600 |
PENN STATE ERIE - BEHREND COLLEGE PURPOSE: SCHOLARSHIP | $12,500 |
Dallas, TX PURPOSE: GIRL SCOUTS OF AMERICA PATCH PROGRAM | $10,000 |
CLEMSON UNIVERSITY PURPOSE: SCHOLARSHIP | $9,500 |
Akron, OH PURPOSE: SCHOLARSHIP | $8,000 |
Endowment Analysis
| Beg. Balance | $33,510 |
| Ending Balance | $33,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heavy Construction Industry Fund New York, NY | $24,457,135 | $4,942,939 |
Fab Foundation Boston, MA | $3,602,930 | $3,603,989 |
Society Of Plastics Engineers Inc Danbury, CT | $7,877,326 | $3,851,885 |
International Union Of Operating Engineers 57 Johnston, RI | $2,550,590 | $1,907,381 |
International Union Of Operating Engineers-98 Southwick, MA | $1,494,223 | $1,781,462 |
Construction Industries Of Massachusetts Inc Norwood, MA | $1,576,063 | $1,804,804 |
Engineering Center Education Trust Boston, MA | $2,342,937 | $1,311,012 |
American Federation Of Labor And Congress Of Industrial Orgs Dorchester, MA | $985,622 | $961,996 |
Construction Contractors Assn Of The Hudson Valley Inc Newburgh, NY | $1,019,153 | $947,733 |
Construction Exchange Of Buffalo Western New York Buffalo, NY | $2,118,263 | $1,098,271 |
International Society For Pharmaceutical Engineering Inc Waltham, MA | $1,575,326 | $683,732 |
American Council Of Engineering Companies Of Massachusetts Boston, MA | $626,689 | $842,590 |