Society for Management Information Systems

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Professional Society- Management Information

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $19K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
17 mo
of spending, in cash
Looks good: 17.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$145
0.04% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
52
of 52 voting members
Looks good: 52 of 52 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$259K
+11% vs prior year
Spent
$242K
To programs
97%
Net assets
$349K
By yearFY2020–FY2024
Revenue
$259K
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$258K
FY2021$306K
FY2022$203K
FY2023$233K
FY2024$259K
Expenses
$242K
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$276K
FY2021$241K
FY2022$193K
FY2023$214K
FY2024$242K
Net assets
$349K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$242K
FY2021$307K
FY2022$313K
FY2023$331K
FY2024$349K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $234K Management & general 3% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

50 people listed on the 990.

Part VII, Section A · reportable compensation
Vice-President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Boston CIO Roundtable Co-Chair
$0Pt VII · Sec A
Boston CIO Roundtable Co-Chair
$0Pt VII · Sec A
Engagement
$0Pt VII · Sec A
Engagement
$0Pt VII · Sec A
See Society for Management Information Systems executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advances management information through professional development and networking.

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Provided by the organization

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3 programs · $234K · in their own filed words · FY2024
01

National issue awareness through communication and committment to international organization (sim organization) webcasts, attendance at national conference, national journal and newsletter for members

$127Kprogram expense
02

Programs, forums, and roundtables to educate the information technology leaders & practitioners who are members of boston sim. This includes monthly networking & educational meetings with guest speakers discussing matters affecting the scope and substance of those professionals working in an information technology capacity.

$71Kprogram expense
03

Supporting relationships with several local charities who benefit from sponsorship, guidance, AND/OR mentoring from the information technology community represented by boston sim. This includes a fund raising golf tournament event for the membership.

$37Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 16 grants · $102K · 2020–2024
Year Up INCMA · FY2024$15,000
Per Scholas INCNY · FY2024$7,000
JR Tech INCMA · FY2024$6,000
Year Up INCMA · FY2023$7,000
JR Tech INCMA · FY2022$6,000
Individual RecipientFY2022$5,500
Individual RecipientFY2021$10,500
JR Tech INCMA · FY2021$6,000
Per Scholas INCNY · FY2021$3,500
Individual RecipientFY2021$3,500
Boston Public SchoolFY2021$3,000
Individual RecipientFY2020$10,000
Per Scholas INCNY · FY2020$7,000
JR Tech INCMA · FY2020$6,000
Individual RecipientFY2020$3,500
Boston Public SchoolFY2020$3,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$259K
Ln 12
Gifts and grantsLn 1h$220K
Fees for servicesLn 2g$101K
Investment incomeLn 3$7K
Money outPt IX
$242K
Ln 25
Programscol B$234K
Managementcol C$8K
Owns and owesPt X
$349K
net assets · Ln 32
Cash and savingsLn 1–2$349K
Total assetsLn 16$349K
LiabilitiesLn 26$145
PeoplePt VI, VII
50
listed · VII A
PaidVII A0
Voting boardVI 1a52
IndependentVI 1b52
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$220K
Fundraising eventsLn 1c$158K
Fees for servicesLn 2g$101K
Investment incomeLn 3$7K
Total revenueLn 12$259K
Assets in detailPt X, end of year
CashLn 1$349K
Cash and savings togetherLn 1–2$349K
Total assetsLn 16$349K
LiabilitiesLn 26$145
Net assetsLn 32$349K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$331K$349K
Total assetsLn 16$331K$349K
LiabilitiesLn 26$0$145
Net assetsLn 32$331K$349K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$37K$37K
Management feesLn 11a$124K$124K
Legal feesLn 11b$802$802
Office expensesLn 13$243$243
OccupancyLn 16$2K$2K
Other expenses (24a–d)Ln 24$79K$73K$5K
All other expensesLn 24e$18$18
Total functional expensesLn 25$242K$234K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $259K$242K$17K$349K 990 PDF
FY2023 $233K$214K$19K$331K 990 PDF
FY2022 $203K$193K$10K$313K 990 PDF
FY2021 $306K$241K$65K$307K 990 PDF
FY2020 $258K$276K−$18K$242K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $259,113 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $190,348$219,768
I-9 Program service revenuePrior year $101,021$100,814
I-10 Investment incomePrior year $6,463$7,046
I-11 Other revenuePrior year −$64,663−$68,515
I-12 Total revenuePrior year $233,169$259,113
I-13 Grants and similar amounts paidPrior year $29,000$36,620
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $185,258$205,380
I-18 Total expensesPrior year $214,258$242,000
I-19 Revenue less expensesPrior year $18,911$17,113
Part VI · Governance 52 of 52 board members independent, 2 to look at
VI-1a Voting members of the governing body52
VI-1b Independent voting members52
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $259,113 across 7 lines filed
VIII-1b Membership dues$61,793
VIII-1c Fundraising events$157,975
VIII-1h Total contributions, gifts and grants$219,768
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $100,814$100,814
VIII-3 Investment incomeExcluded from tax $7,046$7,046
VIII-8 Net income from fundraising eventsExcluded from tax −$68,515−$68,515
VIII-12 Total revenueRelated to mission $100,814 · Unrelated business $0 · Excluded from tax −$61,469$259,113
Part IX · Statement of functional expenses $242,000 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $36,620$36,620
IX-11a Management feesPrograms $123,637$123,637
IX-11b Legal feesPrograms $802$802
IX-13 Office expensesManagement $243$243
IX-16 OccupancyManagement $1,889$1,889
IX-24 Other expenses (24a–d)Programs $73,391 · Management $5,400$78,791
IX-24e All other expensesManagement $18$18
IX-25 Total functional expensesPrograms $234,450 · Management $7,550 · Fundraising $0$242,000
Part X · Balance sheet $348,691 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $330,977$348,691
X-16 Total assetsStart of year $330,977$348,691
X-25 Other liabilitiesStart of year $0$145
X-26 Total liabilitiesStart of year $0$145
X-27 Net assets without donor restrictionsStart of year $330,977$348,546
X-32 Total net assets or fund balancesStart of year $330,977$348,546
X-33 Total liabilities and net assetsStart of year $330,977$348,691
Part XI · Reconciliation of net assets $348,546 net assets at year end
XI-1 Total revenue$259,113
XI-2 Total expenses$242,000
XI-3 Revenue less expenses$17,113
XI-4 Net assets at start of year$330,977
XI-5 Net unrealized gains (losses) on investments$456
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$348,546

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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