Overview
What is Spring Manufacturers Institute Inc?
Spring Manufacturers Institute Inc, headquartered in Elgin, Illinois, is a nonprofit organization primarily committed to educating engineers about spring design. They assist in selecting appropriate materials for springs and provide design solutions based on customer specifications. The organization's primary activities include hosting an annual meeting, utilizing spring design software, engaging in benchmarking activities, and organizing regional seminars. Their mission is to support and educate North American precision spring manufacturers, aiming to bolster their competitiveness in international markets. With a team of three individuals, Spring Manufacturers Institute Inc focuses on equipping professionals with the knowledge and tools required for successful spring manufacturing.
Official website here: www.smihq.org
Is Spring Manufacturers Institute Inc legitimate?
Spring Manufacturers Institute Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Spring Manufacturers Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $111,356
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,645
For more financial information, click here
Official website here: www.smihq.org
What is the mission statement of Spring Manufacturers Institute Inc?
The Spring Manufacturers Institute Inc's mission is centered around serving, supporting, and educating North American precision spring manufacturers. Their primary objective is to help these manufacturers compete effectively in global markets. The organization carries out this mission through various activities, including annual meetings, the provision of spring design software, benchmarking activities, and regional seminars. One of their significant initiatives is conducting educational seminars aimed at educating engineers on designing springs, selecting suitable materials, and tailoring designs based on customer specifications.
Official website here: www.smihq.org
Who is the CEO of Spring Manufacturers Institute Inc?
Gene Huber is the Principal Officer of Spring Manufacturers Institute Inc.
Official website here: www.smihq.org
What is the revenue of Spring Manufacturers Institute Inc?
Spring Manufacturers Institute Inc's revenue in 2022 was $651,525.
Official website here: www.smihq.org
Who are the executives of Spring Manufacturers Institute Inc and what are their salaries?
The average compensation at Spring Manufacturers Institute Inc during 2022 was $47,334. There are 3 employees and 20 volunteers at Spring Manufacturers Institute Inc.
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- Compensation: $98,208
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Official website here: www.smihq.org
Where can I find the form 990 for Spring Manufacturers Institute Inc?
Spring Manufacturers Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smihq.org
Learn more at the official website: www.smihq.org
Mission Statement of Spring Manufacturers Institute Inc
Spring Manufacturers Institute Inc, abbreviated as SMI, is dedicated to serving, supporting, and educating North American precision spring manufacturers in their quest for competitiveness in global markets. The organization's mission is to equip these manufacturers with the necessary resources and knowledge to thrive in the industry.
At the heart of SMI's activities are educational seminars designed to educate engineers on the intricacies of designing springs. These seminars aim to guide engineers in selecting the appropriate materials for springs and developing designs based on customer specifications. By providing this expertise, SMI empowers its members to deliver high-quality products that meet the diverse needs of their clients.
In addition to educational seminars, SMI also engages in benchmarking activities and organizes regional seminars. These initiatives encourage collaboration among members, allowing them to share best practices, learn from each other's experiences, and stay updated on the latest trends and advancements in the precision spring manufacturing industry. By fostering a sense of community and knowledge-sharing, SMI helps its members stay competitive in the global market.
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Impact
October, 2024
Spring Manufacturers Institute Inc significantly influences the precision spring manufacturing industry in North America by fostering competitiveness and innovation. Through its annual meetings, the organization brings together industry leaders to share insights and developments, enhancing collaboration and networking among manufacturers.
Their spring design software offers crucial tools for engineers, aiding in the precise design of springs by allowing them to select appropriate materials and create designs that meet customer specifications efficiently.
Educational seminars serve as a pivotal platform for knowledge transfer, helping engineers enhance their design capabilities while complying with the latest industry standards. Additionally, benchmarking activities enable manufacturers to assess their performance against peers, identifying areas for improvement and striving for operational excellence.
By focusing on education and support, Spring Manufacturers Institute Inc cultivates a stronger, more competitive community of spring manufacturers, ultimately helping them thrive in a global market.
This information is meant to be a general summary of Spring Manufacturers Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $160
- Program Service Revenue: $587,781
- Gross Receipts: $654,685
Assets and Liabilities:
- Total Assets: $28,491
- Total Liabilities: -$306,660
- Net Assets: $335,151
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$276,988
SPRING MEETING
Revenue
$167,747
SPRING DESIGN SOFTWARE
Revenue
$143,046
Organization Details
Founding Year
1979
Phone
(847) 450-6848Principal Officer
Gene Huber
Main Address
PO BOX 5668, ELGIN, IL, 601215668
Website
www.smihq.orgNTEE Category
Code: S41 - Community improvement
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