Strategic Management Society Inc
- Assets
- $8.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Chicago, IL
- Founding
- 02/1983
- Data as of
- 12/2023
- EIN
- 31-1051434
Organization Overview
Strategic Management Society Inc is located in Chicago, IL. The organization was established in 1983. As of 12/2023, Strategic Management Society Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strategic Management Society 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 12/2023, Strategic Management Society Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
STRATEGIC MANAGEMENT RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND MEETINGS - THE SOCIETY PLANS AND EXECUTES TWO TO FOUR CONFERENCES PER YEAR, FACILITATING COOPERATION AND THE INTERCHANGE OF IDEAS AMONG 150-1,300 ATTENDING ACADEMICS, BUSINESS PRACTITIONERS, AND CONSULTANTS.
MEMBERSHIP AND JOURNALS - AS A PROFESSIONAL MEMBERSHIP SOCIETY OF ACADEMICS, BUSINESS PRACTIONERS, AND CONSULTANTS IN THE FIELD OF STRATEGIC MANAGEMENT, THE SOCIETY ASSESSES MEMBERSHIP DUES. THE SOCIETY ALSO PUBLISHES THREE LEADING ACADEMIC JOURNALS:"STRATEGIC MANAGEMENT JOURNAL", "STRATEGIC ENTREPRENEURSHIP JOURNAL", AND "GLOBAL STRATEGY JOURNAL".
RESEARCH AND AWARDS - THE SOCIETY FUNDS VARIOUS RESEARCH PROJECTS TO ADVANCE THE FIELD OF STRATEGIC MANAGEMENT AND ACKNOWLEDGES ACHIEVEMENT AND SCHOLARLY EXCELLENCE THROUGH AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yan Anthea Zhang President | OfficerTrustee | 6 | $0 |
Myles Shaver President-Elect | OfficerTrustee | 4 | $0 |
Africa Ario Past-President | OfficerTrustee | 4 | $0 |
Craig Crossland Treasurer | OfficerTrustee | 4 | $0 |
Sekou Bermiss Director | Trustee | 2 | $0 |
Rodolphe Durand Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $2,132,487 |
| Investment income | $195,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,717 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,370,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $103,036 |
| Grants and other assistance to Foreign Orgs/Individuals | $110,002 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $284,196 |
| Compensation of current officers, directors, key employees. | $284,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $410,867 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,122 |
| Payroll taxes | $44,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,323 |
| Fees for services: Accounting | $41,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,000 |
| Fees for services: Other | $40,762 |
| Advertising and promotion | $0 |
| Office expenses | $41,451 |
| Information technology | $469,828 |
| Royalties | $0 |
| Occupancy | $63,177 |
| Travel | $15,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $788,776 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,714 |
| All other expenses | $51,572 |
| Total functional expenses | $2,677,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,355 |
| Savings and temporary cash investments | $1,454,738 |
| 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 | $7,256,705 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,840,798 |
| 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 | $8,840,798 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,840,798 |
Grants Awarded
Over the last fiscal year, Strategic Management Society Inc has awarded $72,375 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
INFORMA BUSINESS INTELLIGENCE PURPOSE: RESEARCH | $8,000 |
BURNING GLASS INTERNATIONAL INC PURPOSE: RESEARCH | $10,000 |
GOOD JUDGMENT INC PURPOSE: RESEARCH | $20,000 |
WALLS & ASSOCIATES LLC PURPOSE: RESEARCH | $9,375 |
PITCHBOOK DATA INC PURPOSE: RESEARCH | $15,000 |
QUALTRICS LLC PURPOSE: RESEARCH | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strategic Management Society Inc Chicago, IL | $8,840,798 | $2,370,985 |
Chicago Arts Partnerships In Education Chicago, IL | $1,476,136 | $2,717,529 |
Illinois Digital Educators Alliance Naperville, IL | $1,109,158 | $589,582 |
African American Chamber Of Commerce Milwaukee, WI | $2,718,446 | $726,551 |
Indiana Non-Public Education Association Indianapolis, IN | $1,009,587 | $722,554 |
Leadership Academy Of Madison County Anderson, IN | $158,842 | $0 |
Fcsi Education Foundation Inc Louisville, KY | $595,802 | $209,587 |
Minority Engineering Program Of Indiana Indianapolis, IN | $329,875 | $0 |
Whittier School Parent Teacher Organization Pto Oak Park, IL | $93,008 | $0 |
George F And Virginia B Markham Foundation Inc Milwaukee, WI | $393,354 | $58,881 |
Whitesburg Education Development Foundation Whitesburg, KY | $27,004 | -$52,476 |
Mccreary County Educational Development Foundation Inc Stearns, KY | $19,204 | $0 |