Society Of Plastics Engineers
- Assets
- $376.7k
- Revenue
- $316.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 04/1945
- Data as of
- 12/2021
- EIN
- 23-7163348
Organization Overview
Society Of Plastics Engineers is located in Troy, MI. The organization was established in 1945. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Society Of Plastics Engineers 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 generated $316.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $326.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCES AUTOMOTIVE PLASTICS TECHNOLOGY WORLDWIDE BY RECOGNIZING AUTOMOTIVE INDUSTRY INNOVATIONS AND ENCOURAGING EDUCATION AND RESEARCH. PROVIDES TECHNICAL TRAINING FOR INDUSTRY APPLICATIONS AND DISTRIBUTES EDUCATIONAL INFORMATION TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPE'S AUTOMOTIVE INNOVATION AWARDS PROGRAM (IAG) IS THE OLDEST AND LARGEST COMPETITION OF ITS KIND IN THE WORLD. WHILE THERE ARE NO MONETARY PRIZES, ALL PARTICIPANTS ARE WINNERS BY VIRTUE OF BEING ABLE TO SHOWCASE THEIR COMPANY'S TECHNOLOGY TO A GLOBAL AUDIENCE. DOZENS OF TEAMS MADE UP OF OEM'S, TIER SUPPLIERS AND POLYMER PRODUCERS SUBMIT NOMINATIONS DESCRIBING THEIR PART, SYSTEM, OR COMPLETE VEHICLE, AND WHY IT MERITS THE CLAIM AS "THE YEAR'S MOST INNOVATIVE USE OF PLASTIC".
AUTOMOTIVE COMPOSITES CONFERENCE AND EXHIBITION (ACCE): THIS EVENT IS DESIGNED TO EDUCATE AND UPDATE AUTOMOTIVE DESIGN AND PRODUCTION ENGINEERS, SALES PERSONNEL, AND MANAGERS FROM TRANSPORTATION OEM'S AND TIER SUPPLIERS ABOUT THE BENEFITS AND EXPANDING IMPORTANCE OF THERMOSET AND THERMOPLASTIC COMPOSITES IN PASSENGER VEHICLES, LIGHT TRUCKS, AND OTHER GROUND TRANSPORTATION APPLICATIONS.
EDUCATION PROGRAMS: BOTH THE PLASTIVAN PROGRAM AND THE NEWSLETTER ARE USED TO EDUCATE MEMBERS, AS WELL AS THE GENERAL PUBLIC, ON ADVANCEMENTS IN ENGINEERING PLASTICS IN THE AUTOMOTIVE INDUSTRY. THE PLASTIVAN PROGRAM SPECIFICALLY AIMS TO REACH STUDENTS IN SCHOOLS THROUGHOUT N. A. TO EXCITE THEM AND RAISE AWARENESS ABOUT THE SCIENCE AND VAST OPPORTUNITIES THE PLASTICS INDUSTRY HAS TO OFFER. IT IS AN EDUCATIONAL PROGRAM THAT USES HANDS-ON DEMONSTRATIONS AND EXPERIMENTS TO TEACH CHILDREN PLASTICS HISTORY, CHEMISTRY, PROCESSING AND SUSTAINABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Bennyhoff Treasurer, Admin | Officer | 20 | $6,000 |
Fred Deans Director Emeritus | Trustee | 2 | $0 |
David Reed Director Emeritus | Trustee | 2 | $0 |
Dr Allan Murray Director Emeritus | Trustee | 2 | $0 |
Marc Bahm Director | Trustee | 2 | $0 |
Neil Fuenmayor Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,625 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,625 |
| Total Program Service Revenue | $292,637 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $465 |
| Information technology | $2,960 |
| Royalties | $0 |
| Occupancy | $2,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $270,258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $495 |
| All other expenses | $12,017 |
| Total functional expenses | $326,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,216 |
| Savings and temporary cash investments | $27,502 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $376,718 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $376,718 |
| Total liabilities and net assets/fund balances | $376,718 |
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American Chemical Society Akron, OH | $3,014,141 | $2,045,806 |
International Assoc Of Bridge Struc & Ornamental Iron Workers Loc 103 Evansville, IN | $1,117,516 | $406,909 |
Engineers Club Of Dayton Dayton, OH | $1,671,194 | $394,069 |
Society Of Plastics Engineers Troy, MI | $376,718 | $316,766 |
Ohio Society Of Professional Engineers Columbus, OH | $443,485 | $334,999 |
Society Of Plastics Engineers Troy, MI | $3,105,196 | $190,122 |
Michigan Society Of Professional Engineers Parma, MI | $599,233 | $184,947 |