Society For Mining Metallurgy And Exploration Inc

Organization Overview

Society For Mining Metallurgy And Exploration Inc is located in Englewood, CO. The organization was established in 1984. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 09/2021, Society For Mining Metallurgy And Exploration Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Mining Metallurgy And Exploration 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 09/2021, Society For Mining Metallurgy And Exploration Inc generated $10.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $9.2m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BUILDING A BETTER WORLD THROUGH MINING, METALLURGY AND UNDERGROUND CONSTRUCTION.

Describe the Organization's Program Activity:

SME HELD A SUCCESSFUL MINEXCHANGE VIRTUAL EVENT ON MARCH 1-5, 2021 WITH OVER 1,300 PARTICIPANTS. THE VIRTUAL CONFERENCE COMBINED THE SAME ROBUST TECHNICAL PROGRAMMING OF AN IN-PERSON EVENT WITH THE ABILITY FOR ATTENDEES TO LOGIN FROM ANYWHERE IN THE WORLD. SUPPORTED BY 33 SPONSORING COMPANIES, MINEXCHANGE 2021 ALSO ALLOWED ATTENDEES ACCESS TO ALL RECORDED CONTENT FOR 60 DAYS FOLLOWING THE LIVE VIRTUAL EVENT. RETC WAS HELD IN LAS VEGAS, NV JUNE 13-16, 2021. RE-DESIGNED TO ACCOMODATE LOCAL COVID-19 SAFETY RECOMMENDATIONS, THE EVENT WAS ATTENDED BY MORE THAN 800 INDIVIDUALS. IN ADDITION TO A SHORT COURSE AND A PRECONFERENCE WORKSHOP, THE TECHNICAL PROGRAM FEATURED 77 PRESENTATIONS. THERE WERE 107 EXHIBIT BOOTHS AND 26 SPONSORING COMPANIES.


MEMBERS ARE THE HEART OF SME, CONTRIBUTING TECHNICAL KNOWLEDGE, TALENT AND VOLUNTEER RESOURCES TO HELP THE ORGANIZATION ADVANCE. SME SERVED 12,095 MEMBERS DURING 2021 WITH 26% OF THOSE BEING INTERNATIONAL MEMBERS. SME HAS 46 LOCAL SECTIONS WITH 4 OF THOSE BEING INTERNATIONAL. DURING 2021 THERE WERE 4 NEW STUDENT CHAPTERS FORMED BRINGING THE TOTAL TO 84.


DURING 2021 MINING ENGINEERING EXPANDED ITS DIGITAL FOOTPRINT TO PROVIDE MEMBERS AROUND THE WORLD WITH TIMELY TECHNICAL CONTENT AND NEWS.THE MINING ENGINEERING WEBSITE PUBLISHES INDUSTRY NEWS ON A DAILY BASIS AND DELIVERS EACH ISSUE TO MEMBERS ANYWHERE IN THE WORLD AS A PDF AND IN FLIPBOOK FORMATS.CLIENTS ALSO HAVE EXPANDED DIGITAL ADVERTISING OPPORTUNITIES THROUGH MINING ENGINEERING ONLINE, THE SME WEBSITE, CLIENT-PROVIDED CONTENT, SME E-NEWS AND MINING ENGINEERING DIGITAL NEWSLETTER OPTIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Caesar's Palace
Conference Lodging
$322,396
Personify
Ams Hosting
$231,220
Publication Printers
Publication Publish
$283,199
Bayardootjones And Associatesllp
Advertising Sales
$141,943
Digitell Inc
Virtual Conference
$118,250
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,956,147
All other contributions, gifts, grants, and similar amounts not included above$353,467
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,309,614
Total Program Service Revenue$4,147,176
Investment income $782,246
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,658,890
Net Income from Fundraising Events $7,973
Net Income from Gaming Activities $965
Net Income from Sales of Inventory $163,347
Miscellaneous Revenue$0
Total Revenue $10,135,068

Grants Awarded

Over the last fiscal year, Society For Mining Metallurgy And Exploration Inc has awarded $13,500 in support to 2 organizations.

Grant RecipientAmount

LHV ENGINEERING EXPOSITION

Org PageRecipient Profile

Woodcliff Lake, NJ

PURPOSE: Sponsor Engineering Exposition

$7,500

AIST EMERGING LEADERS ALLIANCE

Org PageRecipient Profile

Washington, DC

PURPOSE: Sponsor Emerging Leaders Alliance

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Society For Mining Metallurgy And Exploration Inc has recieved totaling $257,973.

Awarding OrganizationAmount
American Institute Of Mining Metallurgical And Petroleum Engine

Englewood, CO

PURPOSE: $250K Member Society Direct; $7,772 Offshore Technology Conference Surplus Distribution

$257,772
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$201
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,772,728
Earnings$1,695,434
Net Contributions$18,665
Grants$456,940
Ending Balance$12,029,887

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