SOCIETY FOR MINING METALLURGY & EXPLORATION (SME)

EIN: 742338444 501(c)(3) Science & Technology

ENGLEWOOD, CO

Total Revenue
$18,634,057
Total Expenses
$16,642,185
Total Assets
$41,310,190
Net Assets
$34,324,114
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1871
Legal Domicile
CO
Principal Officer
DAVID L KANAGY
Phone
3039484277
Tax Period
2023-10-01 to 2024-09-30

SOCIETY FOR MINING METALLURGY & EXPLORATION (SME), founded in 1871, is a mid-sized nonprofit in the Science & Technology sector that reported $18.6M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $16.6M left a modest 11% surplus.

Mission

SOCIETY FOR MINING, METALLURGY AND EXPLORATION (SME) SERVES THE MINING, RESOURCES AND UNDERGROUND CONSTRUCTION COMMUNITIES FOR A SUSTAINABLE FUTURE.

Program Service Accomplishments

Program 1
Expenses: $9,166,385 Revenue: $12,125,266

THE MINEXCHANGE 2024 SME ANNUAL CONFERENCE & EXPO WAS HELD IN PHOENIX, ARIZONA, FEBRUARY 23 - 26, 2024. THERE WERE 430+ PRESENTATIONS, 5 SHORT COURSES, 124 PAPERS, 103 SPONSORS, AND 584 EXHIBITING...

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THE MINEXCHANGE 2024 SME ANNUAL CONFERENCE & EXPO WAS HELD IN PHOENIX, ARIZONA, FEBRUARY 23 - 26, 2024. THERE WERE 430+ PRESENTATIONS, 5 SHORT COURSES, 124 PAPERS, 103 SPONSORS, AND 584 EXHIBITING COMPANIES. ALMOST 7,000 INDIVIDUALS WERE IN ATTENDANCE, INCLUDING 544 STUDENTS AND 951 INTERNATIONAL ATTENDEES FROM 39 COUNTRIES. THE 2024 MINNESOTA CONFERENCE WAS HELD AT THE DULUTH ENTERTAINMENT CONFERENCE CENTER IN DULUTH, MINNESOTA ON APRIL 15-17, 2024. THE CONFERENCE WAS ATTENDED BY 963 INDIVIDUALS AND FEATURED TWO DAYS OF PROGRAMMING PLUS SHORT COURSES. THERE WERE 167 BOOTHS AND 35 SPONSORING COMPANIES. THE NORTH AMERICAN TUNNELING CONFERENCE WAS HELD JUNE 23-26 IN NASHVILLE TENNESSEE. DRAWING AN ATTENDANCE OF MORE THAN 1380 ATTENDEES, THE EVENT FEATURED A RECORD NUMBER OF REGISTRATIONS, A SOLD-OUT EXHIBIT HALL WITH 201 BOOTHS AND 29 SPONSORING COMPANIES. THE TECHNICAL PROGRAM FEATURED RICH EDUCATIONAL CONTENT, AND ATTENDEES WERE ABLE TO NETWORK AT FUNCTIONS SUCH AS THE OWNERS RECEPTION AND WOMEN IN TUNNELING BREAKFAST. SME'S MIDYEAR MEETING WAS HELD SEPTEMBER 21-23 IN LAS VEGAS, NEVADA. THE EVENT, HELD IN CONJUNCTION WITH MINEXPO, WAS HOSTED AT CAESARS PALACE. THE XXXI IMPC-LNTERNATIONAL MINERAL PROCESSING CONGRESS (IMPC) WAS HELD SEPTEMBER 29-OCTOBER 3 IN WASHINGTON, DC/NATIONAL HARBOR. SME HAS NOT HOSTED THE IMPC IN THE US SINCE 1995. ATTENDED BY 779 INDIVIDUALS, THE EVENT FEATURED FOUR DAYS OF TECHNICAL PROGRAMMING, POSTER SESSIONS, DAILY KEYNOTE SESSIONS AND SHORT COURSES. IMPC ALSO FEATURED A FIELD TRIP TO THE LUCK STONE BULL RUN QUARRY. IMPC 2024 HAD 11 SPONSORING COMPANIES AND 28 EXHIBIT BOOTHS.

Program 2
Expenses: $1,470,667 Revenue: $1,616,885

MEMBERS ARE THE HEART OF SME, CONTRIBUTING TECHNICAL KNOWLEDGE, TALENT AND VOLUNTEER RESOURCES TO HELP THE ORGANIZATION ADVANCE. SME ENDED 2024 WITH OVER 14,600 MEMBERS. INTERNATIONAL MEMBERS MADE UP...

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MEMBERS ARE THE HEART OF SME, CONTRIBUTING TECHNICAL KNOWLEDGE, TALENT AND VOLUNTEER RESOURCES TO HELP THE ORGANIZATION ADVANCE. SME ENDED 2024 WITH OVER 14,600 MEMBERS. INTERNATIONAL MEMBERS MADE UP 26% OF TOTAL MEMBERSHIP. SME HAS 48 LOCAL SECTIONS, INCLUDING 42 IN THE UNITED STATES PLUS 6 INTERNATIONAL SECTIONS. FIVE NEW STUDENT CHAPTERS WERE FORMED IN 2024, BRINGING THE TOTAL NUMBER OF STUDENT CHAPTERS TO 82.

Program 3
Expenses: $2,411,445 Revenue: $197,770

DURING 2024 THE MINING ENGINEERING WEBSITE PUBLISHED INDUSTRY NEWS ON A DAILY BASIS AND DELIVERED EACH ISSUE TO MEMBERS ANYWHERE IN THE WORLD AS A PDF AND IN FLIPBOOK FORMATS. CLIENTS ALSO EXPANDED...

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DURING 2024 THE MINING ENGINEERING WEBSITE PUBLISHED INDUSTRY NEWS ON A DAILY BASIS AND DELIVERED EACH ISSUE TO MEMBERS ANYWHERE IN THE WORLD AS A PDF AND IN FLIPBOOK FORMATS. CLIENTS ALSO 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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,882,781
Program Service Revenue $13,516,013
Investment Income $1,343,576
Other Revenue $1,891,687
TOTAL REVENUE $18,634,057

Expense Breakdown

Grants Paid $670,299
Salaries & Benefits $6,139,622
Fundraising Expenses $255,075
Program Expenses $14,819,321
Other Expenses $9,832,264
TOTAL EXPENSES $16,642,185

Year-over-Year Comparison

2023 2022 Change
Revenue $18,634,057 $14,919,073 +0.2%
Expenses $16,642,185 $15,397,803 +0.1%
Net Income $1,991,872 $-478,730 -5.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
54
Volunteers
736

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,119,568
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC HERPFER PRESIDENT 2.00
Director
$0 $0 $0
MARC LE VIER PAST PRESIDENT 2.00
Director
$0 $0 $0
BILL HANCOCK PRESIDENT-ELECT 2.00
Director
$0 $0 $0
RICHARD LAMBERT DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
BARBARA NIELSEN DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
MATT BLATTMAN DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
JAYSON RIPKE DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
COURTNEY YOUNG DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
JUSTIN ANDERSON DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
JERRY GAUNTT DIRECTOR AT LARGE (THROUGH 2/29/24) 2.00
Director
$0 $0 $0
CATHERINE JOYNER DIRECTOR AT LARGE (THROUGH 2/29/24) 2.00
Director
$0 $0 $0
RONALD PARRATT PAST PRESIDENT (THROUGH 2/29/24) 0.00
Director
$0 $0 $0
DAVID L KANAGY EXECUTIVE DIRECTOR 45.00
Officer
$615,207 $42,773 $657,980
MELANIE PENOYAR-PEREZ CHIEF OPERATING OFFICER 45.00
Officer
$217,030 $23,684 $240,714
MICHELLE KROEGER CHIEF FINANCIAL OFFICER 45.00
Officer
$198,326 $22,548 $220,874
CORINNE KNASINSKI DIRECTOR OF MEETINGS 40.00
Highest
$156,273 $33,855 $190,128
KARIN HARRINGTON DIRECTOR OF HUMAN RESOURCE 40.00
Highest
$162,784 $20,264 $183,048
TARA DAVIS DIRECTOR OF PROGRAMMING 40.00
Highest
$157,106 $29,068 $186,174
CHRISTOPHER RYCKELEY MANAGER OF WEB DEVELOPMENT 40.00
Highest
$142,040 $14,682 $156,722
EMMA SALDITT MANAGER OF PARTNERSHIP DEVELOPMENT 40.00
Highest
$139,742 $15,830 $155,572
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $18,634,057 $16,642,185 $41,310,190 $1,991,872
2023 $14,919,073 $15,397,803 $33,994,747 $-478,730
2022 $12,383,418 $13,639,447 $32,808,531 $-1,256,029
2021 $10,135,068 $9,154,816 $38,262,631 $980,252
2020 $10,504,850 $11,069,291 $34,693,495 $-564,441
2019 $13,148,369 $13,221,207 $34,585,175 $-72,838
2018 $10,201,902 $10,389,342 $34,083,883 $-187,440
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