2024-04-29T10:09:39-05:00 2023-06-30 363168081 SIKICH LLP 333 JOHN CARLYLE STREET SUITE 500 ALEXANDRIA VA 22314 990 2022-07-01 135631379 SOCIETY OF NAVAL ARCHITECTS AND MARINE ENGINEERS SOCI 7039976713 99 CANAL CENTER PLAZA 500 ALEXANDRIA VA 22314 RICK SPAULDING PRESIDENT 7039976704 2024-04-26 1 RICK SPAULDING 999009999 0 JILL M BOYLE CPA P01246734 7038361350 2024-04-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICK SPAULDING 99 CANAL CENTER PLAZA 500 ALEXANDRIA VA 22314 6319314 0 X WWW.SNAME.ORG X 1893 NY TO ADVANCE NAVAL ARCHITECTURE, MARINE AND OCEAN ENGINEERING, AND OTHER MARINE-RELATED PROFESSIONS. 63 63 8 210 65607 0 230853 29032 1724804 1888568 -4026481 -1152866 534465 276701 -1536359 1041435 93000 142143 0 0 891448 921763 0 0 0 2096982 1944087 3081430 3007993 -4617789 -1966558 18236225 19225026 2346246 2135745 15889979 17089281 X THE MISSION OF THE SOCIETY IS TO ADVANCE THE ART, SCIENCE AND PRACTICE OF NAVAL ARCHITECTURE, MARINE ENGINEERING, OCEAN ENGINEERING AND OTHER MARINE-RELATED PROFESSIONS THROUGH:* THE GLOBAL EXCHANGE OF KNOWLEDGE AND IDEAS RELATIVE TO THE MARINE INDUSTRY* EDUCATION IN ENGINEERING AS IT RELATES TO THE MARINE INDUSTRY* ENCOURAGING AND SPONSORING RESEARCH AND DEVELOPMENT IN NAVAL ARCHITECTURE, MARINE ENGINEERING, OCEAN ENGINEERING AND OTHER MARINE FIELDS. 0 0 817738 28429 190634 PUBLICATIONS: SOCIETY MEMBERS HAVE WRITTEN AND PUBLISHED MILLIONS OF PAGES OF ORIGINAL RESEARCH, TECHNICAL PAPERS, BOOKS AND OTHER CONTENT. ESTABLISHING SNAME AS A WORLD-WIDE LEADER IN THE ADVANCEMENT OF NAVAL ARCHITECTURE AND MARINE ENGINEERING. 745181 1189139 FUNCTIONS AND MEETING: SNAME HOSTS OR SPONSORS HUNDREDS OF EVENTS EVERY YEAR, FROM THE ANNUAL SNAME MARITIME CONVENTION (SMC), OTC (OFFSHORE TECHNOLOGY CONFERENCE) TO INTERNATIONAL SYMPOSIA TO SECTION GATHERINGS. EVENTS OFFER VENUES NETWORKING AND FELLOWSHIP AND REGULARLY FEATURE STATE OF THE ART TECHNICAL PRESENTATIONS AND OTHER LEARNING OPPORTUNITIES. 466544 113714 508795 MEMBERSHIP: SNAME, FORMED IN 1893 TO SERVE NAVAL ARCHITECTS AND MARINE ENGINEERS, HAS EVOLVED OVER THE YEARS TO SERVE THE FULL SPECTRUM OF THE VESSEL LIFE CYCLE, INCLUDING: STUDENTS - EDUCATORS & RESEARCHERS - ENGINEERS & DESIGNERS -SHIPBUILDERS - MANUFACTURERS - OPERATORS - RECYCLERS & SALVORS. 2029463 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 8 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 63 63 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 VA X THE ORGANIZATION 7039976713 99 CANAL CENTER PLAZA SUITE 500 ALEXANDRIA VA 22314 RICK S SPAULDING PRESIDENT 2.00 X X 0 0 0 GILBERT G ROMANO TREASURER 2.00 X X 0 0 0 ANDREW MARTIN KENDRICK PAST PRESIDENT 1 2.00 X X 0 0 0 SUZANNE M BECKSTOFFER PAST PRESIDENT 2 2.00 X X 0 0 0 MARTIN TOYEN PAST PRESIDENT 3 2.00 X 0 0 0 MATTHEW D COLLETTE FVP - EDUCATION 2.00 X 0 0 0 JAMES H MILLER COMMITTEE CHAIR - ABET COMMITTEE 2.00 X 0 0 0 JUSTIN R KLAG COMMITTEE CHAIR - PE LICENSURE COMMITTEE 2.00 X 0 0 0 DAVID S CHAPMAN COMMITTEE CHAIR - SCHOLARSHIP COMMITTEE 2.00 X 0 0 0 PAUL J RODEN FVP - FINANCE 2.00 X 0 0 0 RICHARD A MUELLER COMMITTEE CHAIR - AUDIT COMMITTEE 2.00 X 0 0 0 FREDERICK GORDON COMMITTEE CHAIR - INVESTMENT COMMITTEE 2.00 X 0 0 0 AMAND DAVID ST COMMITTEE CHAIR - PENSION COMMITTEE 2.00 X 0 0 0 CRAIG ALBERT TULK FVP - KNOWLEDGE MANAGEMENT 2.00 X 0 0 0 PETER G NOBLE COMMITTEE CHAIR - (MT) COMMITTEE 2.00 X 0 0 0 H PAUL COJEEN COMMITTEE CHAIR - FEATURED PAPERS COMMITTEE 2.00 X 0 0 0 PHILIP C KOENIG COMMITTEE CHAIR - JSPD COMMITTEE 2.00 X 0 0 0 THOMAS C FU COMMITTEE CHAIR - JSR COMMITTEE 2.00 X 0 0 0 IGNAZIO MARIA VIOLA COMMITTEE CHAIR - JST COMMITTEE 2.00 X 0 0 0 GLENN E WALTERS FVP - MEMBERSHIP 2.00 X 0 0 0 JUSTIN M CHIN COMMITTEE CHAIR - AWARDS COMMITTEE 2.00 X 0 0 0 JOHN KOKARAKIS COMMITTEE CHAIR - FELLOWS COMMITTEE 2.00 X 0 0 0 WILLIAM CHAMPAGNE COMMITTEE CHAIR - MEMBERSHIP COMMITTEE 2.00 X 0 0 0 NICK HUNTER COMMITTEE CHAIR - SECTIONS COMMITTEE 2.00 X 0 0 0 DIMITRIOS DIKOS COMMITTEE CHAIR - SSC COMMITTEE 2.00 X 0 0 0 JACK BONOLI COMMITTEE CHAIR - YOUNG PROFESSIONALS COMMITTEE 2.00 X 0 0 0 DONALD D BURRIS FVP - PLANNING 2.00 X 0 0 0 KATHERINE L BEAUMONT COMMITTEE CHAIR - PLANNING COMMITTEE 2.00 X 0 0 0 ZACHARY SCHRAMM COMMITTEE CHAIR - SMC COMMITTEE 2.00 X 0 0 0 JOHN C DAIDOLA FVP - TECHNICAL AND RESEARCH 2.00 X 0 0 0 WILLIAM M HAYDEN COMMITTEE CHAIR - T&R - ENVIRONMENT COMMITTEE 2.00 X 0 0 0 WILLIAM H GARZKE COMMITTEE CHAIR - T&R - FORENSICS COMMITTEE 2.00 X 0 0 0 ROGER I BASU COMMITTEE CHAIR - T&R - HULL STRUCTURE COMMITTEE 2.00 X 0 0 0 ADRIAN S ONAS COMMITTEE CHAIR - T&R - HYDRO COMMITTEE 2.00 X 0 0 0 ALBERTO C MORANDI COMMITTEE CHAIR - T&R - OFFSHORE COMMITTEE 2.00 X 0 0 0 ROBERT G KEANE COMMITTEE CHAIR - T&R - SHIP DESIGN COMMITTEE 2.00 X 0 0 0 RICHARD D DELPIZZO COMMITTEE CHAIR - T&R - SHIPS' MACHINERY COMMITTE 2.00 X 0 0 0 CHRISTOPHER D BARRY COMMITTEE CHAIR - T&R - SMALL CRAFT COMMITTEE 2.00 X 0 0 0 THOMAS F PERRINE COMMITTEE CHAIR -T&R - SHIP PRODUCTION COMMITTEE 2.00 X 0 0 0 DAN HANES SRVP - ATLANTIC SOUTH 2.00 X 0 0 0 CARLOS A P GUEDES SOARES SRVP - INTERNATIONAL 2.00 X 0 0 0 TIMOTHY W GLINATSIS SRVP - PACIFIC 2.00 X 0 0 0 GEORGE O WILLIAMS JRVP - ATLANTIC NORTH 2.00 X 0 0 0 MARGARET GRACE NATE JRVP - ATLANTIC SOUTH 2.00 X 0 0 0 MIMOSA MILLER JRVP - CENTRAL & GULF 2.00 X 0 0 0 KEITH LILLEY JRVP - INTERNATIONAL 2.00 X 0 0 0 BRAD W LORANT JRVP - PACIFIC 2.00 X 0 0 0 FRANK G BERCHA SECTION CHAIR - ARCTIC 2.00 X 0 0 0 JASON C COLE SECTION CHAIR - CANADIAN ATLANTIC 2.00 X 0 0 0 DAN ERIC MCGREER SECTION CHAIR - CANADIAN PACIFIC 2.00 X 0 0 0 MARTIN MACCORQUODALE SECTION CHAIR - EASTERN CANADIAN 2.00 X 0 0 0 SUSAN PARTIN NOSTE SECTION CHAIR - GULF 2.00 X 0 0 0 MICHAEL JOSEPH REILLEY SECTION CHAIR - HAMPTON ROADS 2.00 X 0 0 0 BRUNO DIONISI SECTION CHAIR - ITALIAN 2.00 X 0 0 0 SANDRA JANINA WYMAN SECTION CHAIR - NEW ENGLAND 2.00 X 0 0 0 ERNIE W CHANG SECTION CHAIR - NORTHERN CALIFORNIA 2.00 X 0 0 0 ANTHONY D NIGRO SECTION CHAIR - NY METROPOLITAN 2.00 X 0 0 0 JOSH S HORST SECTION CHAIR - PACIFIC NORTHWEST 2.00 X 0 0 0 MATTHEW EAYRE SECTION CHAIR - PHILADELPHIA 2.00 X 0 0 0 SHAWN HENDERSON SECTION CHAIR - SOUTHEAST SECTION 2.00 X 0 0 0 ISABELLE BROWN SECTION CHAIR - SOUTHWEST SECTION 2.00 X 0 0 0 MEG ALYSSE DOWLING SECTION CHAIR - TEXAS 2.00 X 0 0 0 P J AJITH SECTION CHAIR - UNITED ARAB EMERITES UAE 2.00 X 0 0 0 VALERIE HUTNAN EXECUTIVE DIRECTOR 40.00 X 150543 0 5208 MICHAEL ASHMAN DIRECTOR OF FINANCE 40.00 X 97935 0 10829 CINDY SLONE DIRECTOR OF EVENTS & MBR 40.00 X 101662 0 26249 350140 0 42286 2 0 1 0 0 29032 29032 FUNCTIONS, CONFERENCES, MEETINGS 900099 1189139 1189139 MEMBERSHIP DUES 900099 508795 508795 PUBLICATIONS 900099 190634 190634 1888568 319895 319895 19000 19000 3805118 5277879 -1472761 -1472761 -1472761 CONTRACT REVENUE 900099 165000 165000 ADVERTISING 541800 65607 65607 MISC. SECTION REVENUE 900099 26658 26658 436 436 257701 1041435 1888568 65607 -941772 114143 114143 28000 28000 387758 213468 174290 431475 189927 241548 2188 2007 181 57042 21416 35626 43300 26586 16714 4249 4249 39110 39110 84699 84699 271027 250102 20925 26102 26102 99926 28294 71632 214684 131816 82868 172989 106213 66776 59586 59586 388129 364234 23895 143400 88047 55353 PRODUCTION, PRINTING, E 377435 377435 SECTION EXPENSES 43722 28189 15533 AWARDS AND MEDALS 19029 19029 3007993 2029463 978530 0 692210 384294 334773 858752 46828 31111 75614 72997 142807 245077 1449157 1081811 505615 367346 15066835 15952009 1371543 1313440 18236225 19225026 175224 258950 657152 501619 1513870 1375176 2346246 2135745 X 14377808 15310859 1512171 1778422 15889979 17089281 18236225 19225026 X -1966558 3121882 43978 X 0 1 X 1 0 X 30771 12955 207628 230853 29032 511239 2376491 913138 857984 1724804 1888568 7760985 2407262 926093 1065612 1955657 1917600 8272224 0 0 0 8272224 390764 390851 297988 325714 338895 1744212 390764 390851 297988 325714 338895 1744212 7000 112654 393963 192094 705711 2805026 1316944 1476254 2675334 2448589 10722147 0.77150 0.69580 0.16270 0.16190 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 7,000. 2020 AMOUNT: $ 112,654. 2021 AMOUNT: $ 393,963. 2022 AMOUNT: $ 192,094. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14552134 28069 1811037 1132876 15258364 18528217 17148 -2650381 1342850 14552134 14387984 18685 4793821 672273 18528217 2412366 11954 120143 87983 2456480 2366219 29476 117671 101000 2412366 0.88345 0.06034 0.05622 0 0 342998 62883 280115 123152 112983 10169 983007 905945 77062 367346 PENSION AND POSTRETIREMENT BENEFITS ASSETS 322337 RIGHT-OF-USE ASSET FOR OPERATING LEASE 991103 1313440 PENSION AND POSTRETIREMENT BENEFIT LIABILITIES 40288 LEASE LIABILITY FOR OPERATING LEASE 1334888 1375176 X 4614193 3121882 535575 3657457 956736 84699 84699 1041435 3458869 535575 535575 2923294 84699 84699 3007993 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO PROVIDE LONG-TERM SUPPORT FOR THE PROGRAMS OF THE SOCIETY. PART X, LINE 2: THE SOCIETY IS EXEMPT FROM FEDERAL AND LOCAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ON INCOME DERIVED FROM ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. THE SOCIETY IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE SOCIETY IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THEIR TAX-EXEMPT STATUS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR UP TO THREE YEARS FROM THE DATE A COMPLETED RETURN IS FILED. IF MATERIAL OMISSIONS OF INCOME EXIST, TAX RETURNS MAY BE SUBJECT TO EXAMINATION FOR UP TO SIX YEARS. IT IS THE SOCIETY'S POLICY TO DISCLOSE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN THE ACCOMPANYING FINANCIAL STATEMENTS. AS OF JUNE 30, 2023, THE SOCIETY HAD NO UNCERTAIN TAX POSITIONS WHICH SHOULD BE DISCLOSED. THE SOCIETY IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2019. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 1 PROGRAM SERVICES TO REPRESENT THE ORGANIZATION IN EUROPE 63398 1 1 0 0 1 1 63398 0 63398 SCHOLARSHIP NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 6000 E-PAYMENT SCHOLARSHIP SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 4000 E-PAYMENT SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 3 18000 E-PAYMENT 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION'S INTERNATIONAL SECTIONS RUN MEETINGS/EDUCATION SESSIONS AND THE INDIVIDUAL SECTIONS MONITOR THE MONEY. HQ REIMBURSES THEM AS ACCORDING TO BYLAWS. PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS TO UNDERGRADUATE AND GRADUATE STUDENTS OF NAVAL ARCHITECTURE AND MARINE ENGINEERING 12 114143 PART I, LINE 2: SELECTION OF GRADUATE SCHOLARSHIP RECIPIENTS IS BASED UPON RECOMMENDATIONS OF THE SCHOLARSHIPS COMMITTEE AND APPROVAL BY THE EXECUTIVE COMMITTEE. SELECTION OF UNDERGRADUATE SCHOLARSHIP RECIPIENTS IS BASED UPON RECOMMENDATIONS OF THE SCHOLARSHIPS COMMITTEE AND APPROVAL BY THE EXECUTIVE COMMITTEE. X 0 0 0 0 0 0 0 1 0 VALERIE HUTNAN EXECUTIVE DIRECTOR 145543 0 5000 0 0 0 4366 0 842 0 155751 0 0 0 PART I, LINE 7 MERIT BASED BONUS. FORM 990, PART VI, SECTION A, LINE 6 PROFESSIONALS WITH AN EDUCATION AND BACKGROUND IN MARITIME ARCHITECTURE AND ENGINEERING MAY APPLY FOR MEMBERSHIP IN THE SOCIETY MEMBER OR ASSOCIATE STATUS MAYBE GRANTED BASED UPON A REVIEW OF APPLICANT CREDENTIALS, EDUCATION, YEARS OF CONTRIBUTIONS TO AND EXPERIENCE IN THE INDUSTRY. SNAME MAINTAINS AN INTERNATIONAL MEMBERSHIP OF OVER 6,500 MEMBERS REACHING PROFESSIONALS AROUND THE WORLD. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT IS ELECTED BY THE SOCIETY AT THE ANNUAL MEETING FROM THE NOMINEES PROPOSED IN ACCORDANCE WITH THE BY-LAWS. THE PRESIDENT SERVES A TWO YEAR TERM AND IS NOT ELIGIBLE FOR RE-ELECTION TO SUCCEED THEMSELVES. THE ELECTED PRESIDENT SERVES A ONE YEAR TERM AS PRESIDENT-ELECT BEFORE TAKING OFFICE AND AS SUCH, SERVES AS MEMBER OF BOTH THE EXECUTIVE COMMITTEE AND COUNCIL. THE AFFAIRS OF THE SOCIETY ARE GOVERNED BY A COUNCIL CHOSEN FROM ITS MEMBERSHIP, AND THE COUNCIL HAS FULL CONTROL OF THE SOCIETY'S ACTIVITIES, SUBJECT TO THE LIMITATIONS OF THE SOCIETY BY-LAWS. THE PRESIDENT, PRESIDENT-ELECT, SOCIETY PAST PRESIDENTS, REGIONAL VICE PRESIDENTS, HONORARY PRESIDENTS, SECTION CHAIRMEN, CHAIRMEN OF STANDING COMMITTEE, EXECUTIVE DIRECTOR, SNAME OTC REPRESENTATIVE, CHAIRMAN OF THE STUDENT STEERING COMMITTEE, CHAIRMAN OF THE YOUNG PROFESSIONALS COMMITTEE AND CHAIRMAN OF THE OFFSHORE STEERING COMMITTEE SERVE ON THE COUNCIL. THE EXECUTIVE COMMITTEE SUPERVISES AND DIRECTS THE DAY TO DAY AFFAIRS OF THE SOCIETY, IN ACCORDANCE WITH STRATEGIC DIRECTION AND POLICIES DEFINED BY THE COUNCIL. SERVING ON THE EXECUTIVE COMMITTEE ARE PRESIDENT, PRESIDENT- ELECT, TWO MOST IMMEDIATE PAST PRESIDENTS, FIVE REGIONAL VICE PRESIDENTS, SIX FUNCTIONAL VICE PRESIDENTS, TREASURER, EXECUTIVE DIRECTOR, CHAIRMAN OF THE STUDENT STEERING COMMITTEE, AND CHAIRMAN OF THE YOUNG PROFESSIONALS COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B THE AFFAIRS OF THE SOCIETY ARE GOVERNED BY A COUNCIL CHOSEN FROM ITS MEMBERSHIP, AND THE COUNCIL HAS FULL CONTROL OF THE SOCIETY'S ACTIVITIES, SUBJECT TO THE LIMITATIONS OF THE SOCIETY BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED ELECTRONICALLY TO THE GOVERNING BODY OF THE ORGANIZATION, THE SNAME COUNCIL, THROUGH ITS DULY DESIGNATED EXECUTIVE AND FINANCE COMMITTEES. MANAGEMENT RESPONDS TO ALL QUESTIONS RAISED BY THE COMMITTEE MEMBERS PRIOR TO SUBMITTING THE 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH MEMBER OF THE EXECUTIVE COMMITTEE REVIEWS AND SIGNS THE CONFLICT OF INTEREST QUESTIONNAIRE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS SUBJECT TO APPROVAL BY THE SNAME COUNCIL THROUGH ITS HEADQUARTERS REVIEW COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PENSION AND POSTRETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC COSTS 43,978.