2025-11-10T15:24:40-06:00 2024-12-31 363963131 MANN WEITZ & ASSOCIATES LLC 570 LAKE COOK ROAD SUITE 330 DEERFIELD IL 60015 990 2024-01-01 060607885 SPRING MANUFACTURERS INSTITUTE INC SPRI 8474506848 PO BOX 5668 ELGIN IL 601215668 GARY MCCOY EXECUTIVE DIRECTOR 8474506848 2025-11-10 1 1 MARCY STEINDLER P00573131 8472673400 2024 2025-03-06 01:10:19Z DON JACOBSON PO BOX 5668 ELGIN IL 601215668 708637 0 X WWW.SMIHQ.ORG X 1979 IL THE MAJOR ACTIVITIES FOR SMI ARE: ANNUAL MEETING, SPRING DESIGN SOFTWARE, BENCHMARKING ACTIVITIES AND REGIONAL SEMINARS. 17 17 3 20 0 0 15750 27500 591790 645911 149 141 38727 33218 646416 706770 23000 25000 0 0 199643 134937 0 0 0 404806 389148 627449 549085 18967 157685 -372200 279069 -597117 47654 224917 231415 X SERVING, SUPPORTING AND EDUCATING NORTH AMERICAN PRECISION SPRING MANUFACTURERS IN THEIR PURSUIT OF COMPETITIVENESS IN WORLD MARKETS. 0 0 MEETINGS - SMI ATTENDED FIVE REGIONAL MEETINGS IN 2024. SPRING DESIGN SOFTWARE DESIGNED BY MEMBERS OF THE INSTITUTE & USED BY FIRMS/INDIVIDUALS INVOLVED IN THE PRODUCTION OR DESIGN OF PRECISION MECHANICAL SPRINGS FOR EDUCATIONAL PURPOSES. THE SPRING MEETING (110 REGISTRANTS) IS HELD TO SERVE THE EDUCATIONAL & PROFESSIONAL NEEDS OF MEMBERS AND NONMEMBERS IN THE SPRING MANUFACTURING INDUSTRY. EDUCATIONAL SEMINARS - TO EDUCATE ENGINEERS ON DESIGNING SPRINGS, TO CHOOSE THE CORRECT MATERIAL FOR THE SPRINGS AND TO MAKE DESIGNS BASED ON CUSTOMER SPECIFICATIONS. SCHOLARSHIP PROGRAM, BENCHMARKING AND TECHNICAL PRODUCTS. 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 10 0 1 3 1 0 0 0 0 1 1 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 0 0 0 X MR GARY MCCOY 8474506848 BOX 5668 ELGIN IL 601215668 TIM BIANCO BOARD OF DIRECTOR 0.20 X 0 0 0 GENE HUBER JR IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 DON JACOBSON III PRESIDENT 0.50 X X 0 0 0 DAVID DEVOE VICE PRESIDENT 0.50 X X 0 0 0 DAVE DEERWESTER SECRETARY/TREASURER 0.50 X X 0 0 0 JOE DEVANY AT LARGE EXECUTIVE 0.20 X X 0 0 0 TIM ZWIT BOARD OF DIRECTOR 0.20 X 0 0 0 TONY PESARESI BOARD OF DIRECTOR 0.20 X 0 0 0 ALEX MELNIKOW BOARD OF DIRECTOR 0.20 X 0 0 0 DON LYONS BOARD OF DIRECTOR 0.20 X 0 0 0 KEITH PORTER JR BOARD OF DIRECTOR 0.20 X 0 0 0 LINDA FROEHLICH BOARD OF DIRECTOR 0.20 X 0 0 0 ADAM JACOBSON BOARD OF DIRECTOR 0.20 X 0 0 0 MARKUS ARNOLD BOARD OF DIRECTOR 0.20 X 0 0 0 JODI BOLDENOW BOARD OF DIRECTOR 0.20 X 0 0 0 BERNIE TAYLOR BOARD OF DIRECTOR 0.20 X 0 0 0 MONICA SHAFFER BOARD OF DIRECTOR 0.20 X 0 0 0 GARY MCCOY EXECUTIVE DIRECTOR 25.00 15.00 X 81375 49875 39065 81375 49875 39065 0 0 1 0 0 27500 27500 MEMBERSHIP DUES 900099 278876 278876 SPRING MEETING 611430 210239 210239 SPRING DESIGN SOFTWARE 900099 156796 156796 645911 141 141 32460 1867 30593 30593 OTHER 900099 2625 2625 2625 706770 679129 0 141 X 25000 105595 21071 153 8118 1938 20849 58441 9980 6302 10004 711 214029 2696 MISCELLANEOUS 29813 BENCHMARKING SURVEYS 21875 DUES AND SUBSCRIPTIONS 9510 BAD DEBT 3000 549085 126108 152006 44002 44143 15000 7000 1000 6488 6572 46545 23229 -610343 45119 -372200 279069 43933 35813 -641050 11841 -597117 47654 X 201917 220415 23000 11000 224917 231415 -372200 279069 X 157685 -151187 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 INVESTMENT IN SUBSIDIARY (SMI BUSINESS CORP) -778371 SECURITY DEPOSIT 400 OPERATING RIGHT-OF-USE ASSET 11691 DUE FROM AFFILIATES 811399 45119 LEASE LIABILITY 11841 11841 X 557450 -149320 -149320 706770 0 706770 550952 1867 1867 549085 0 549085 PART X, LINE 2: THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. AS OF DECEMBER 31, 2024, THE INSTITUTE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS FROM INVESTMENT IN SUBSIDIARY -151,187. COST OF GOODS SOLD 1,867. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,867. 1 COLLEGE/VOCATIONAL SCHOOL SCHOLARSHIPS 11 25000 FMV PART I, LINE 2: SMI PROVIDES CRITERIA TO SCHOLARSHIP AMERICA WHO THEN AWARDS THE SCHOLARSHIPS TO THE SCHOOLS FOR IDENTIFIED STUDENTS WHO MEET THE DESIGNATED CRITERIA. 11 SCHOLARSHIPS ARE IN THE AMOUNT OF $2,000 OR $5,000 AND ARE AWARDED TO STUDENTS ATTENDING A COLLEGE/UNIVERSITY/TECHNICAL SCHOOLS. THE SELECTION CRITERIA IS PROVIDED BY SMI. RECORDS ARE MAINTAINED BY SCHOLARSHIP AMERICA AND SHARED WITH SMI. X X X 0 0 0 GARY MCCOY EXECUTIVE DIRECTOR 81375 49875 0 0 0 0 0 0 24220 14845 105595 64720 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE DETERMINES THE EXECUTIVE DIRECTOR'S COMPENSATION WHICH IS THEN APPROVED BY THE EXECUTIVE COMMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE TWO TYPES OF MEMBERS AT SPRING MANUFACTURERS INSTITUTE. THERE ARE SPRINGMAKERS AND INTERNAL PRODUCER SUPPLIERS TO THE SPRING INDUSTRY. ONLY SPRINGMAKERS HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE GOVERNING BOARD EVERY THREE YEARS. THIS IS EITHER DONE BY PROXY OR IN-PERSON VOTE. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES WHICH INCLUDE THOSE FOR BYLAWS OR DUES INCREASES ARE VOTED ON AT A YEARLY MEMBERSHIP MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS E-MAILED TO THE EXECUTIVE DIRECTOR WHO THEN E-MAILED IT TO THE BOARD OF DIRECTORS. ALL MEMBERS OF THE BOARD REVIEWED THE 990 AND DISCUSSED WITH THE EXECUTIVE DIRECTOR ANY ISSUES. ALL ISSUES/QUESTIONS WERE RESOLVED BEFORE THE 990 WAS APPROVED, SIGNED, AND SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12 ANNUALLY THE EXECUTIVE DIRECTOR MEETS WITH THE BOARD OF DIRECTORS AND MAKES NECESSARY UPDATES. IF A CONFLICT ARISES DURING THE YEAR, THE EXECUTIVE DIRECTOR WOULD CONTACT THE PRESIDENT OF THE BOARD AND DISCUSS THE SITUATION AND NEXT STEPS. IF NECESSARY, REMOVAL OF THE BOARD MEMBER WOULD OCCUR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DISCUSSED AND DETERMINED BY THREE MEMBERS OF THE EXECUTIVE COMMITTEE BASED UPON PERFORMANCE FROM THE PRIOR YEAR AND DISCUSSION AMONG THE MEMBERS. THE COMMITTEE CAME TO A MUTUAL DECISION, WHICH WAS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G TECHNICAL CONSULTANTS 58,441. FORM 990, PART XI, LINE 9: NET LOSS FROM SUBSIDIARY -151,187. SMI BUSINESS CORPORATION BOX 5668 ELGIN IL 601215668 363922582 BUSINESS OPERATIONS IL C -151187 33028 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 SPRING MANUFACTURING INSTITUTE BUSINESS CORPORATION Q 88086 COST SPRING MANUFACTURING INSTITUTE BUSINESS CORPORATION O 82703 COST