Steel Manufacturers Association
- Assets
- $2.9m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 02/1990
- Data as of
- 11/2023
- EIN
- 52-1600093
Organization Overview
Steel Manufacturers Association is located in Washington, DC. The organization was established in 1990. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 11/2023, Steel Manufacturers Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steel Manufacturers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 11/2023, Steel Manufacturers Association generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.6m during the year ending 11/2023. While expenses have increased by 2.7% per year over the past 8 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
THE SMA HAS THREE MAIN FUNCTIONS: TO PROVIDE A FORUM FOR THE EXCHANGE OF INFORMATION ON TECHNICAL MATTERS AMONG MEMBER COMPANIES; TO DEVELOP AND SUPPORT PUBLIC POLICY POSITION CONSISTENT WITH THE INTERESTS OF ITS MEMBERS; SMA SERVES AS A SOURCE OF INFORMATION ON THE STEEL INDUSTRY TO SUPPLIERS, CUSTOMERS, AND VARIOUS GOVERNMENTAL ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES A FORUM FOR THE EXCHANGE OF TECHNICAL AND OPERATIONS INFORMATION AMONG MEMBER COMPANIES.
THE ASSOCIATION USES FOUR COMMITTEES TO ADDRESS SPECIFIC ISSUES OF IMPORTANCE TO ITS MEMBERS. THESE COMMITTEES CONSIST OF A PLANT OPERATIONS DIVISION COMMITTEE, AN ENVIRONMENTAL COMMITTEE, A HUMAN RESOURCES COMMITTEE AND A SAFETY COMMITTEE.
THE ASSOCIATION ASSISTS IN THE DEVELOPMENT OF PUBLIC POLICY POSITIONS CONSISTENT WITH THE INTERESTS OF ITS MEMBERS.
THE ASSOCIATION SERVES AS A SOURCE OF INFORMATION ON THE STEEL INDUSTRY TO THE PUBLIC AND PRIVATE SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ty Garrison Chair | OfficerTrustee | 1 | $0 |
James Hrusovsky Treasurer | OfficerTrustee | 1 | $0 |
Mark Millett Immediate Past Chair | OfficerTrustee | 0.5 | $0 |
Tommy Okada Director | Trustee | 0.5 | $0 |
Lenore Trammell Director | Trustee | 0.5 | $0 |
Jonas Allen Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,159,063 |
| Investment income | $50,182 |
| 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 | $2,209,245 |
| 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. | $1,052,459 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,925 |
| Pension plan accruals and contributions | $9,142 |
| Other employee benefits | $39,864 |
| Payroll taxes | $64,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $80,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $309,666 |
| Advertising and promotion | $0 |
| Office expenses | $35,839 |
| Information technology | $32,369 |
| Royalties | $0 |
| Occupancy | $182,375 |
| Travel | $95,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $331,790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,199 |
| Insurance | $6,430 |
| All other expenses | $3,000 |
| Total functional expenses | $2,597,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,217 |
| Savings and temporary cash investments | $1,250,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $420,784 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $624,447 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,693 |
| Net Land, buildings, and equipment | $11,026 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $364,472 |
| Total assets | $2,944,912 |
| Accounts payable and accrued expenses | $659,798 |
| Grants payable | $0 |
| Deferred revenue | $450 |
| 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 | $1,080,456 |
| Total liabilities | $1,740,704 |
| Net assets without donor restrictions | $1,204,208 |
| 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 | $2,944,912 |