Overview
What is Society Of Plastics Engineers Inc Automotive Division?
The Society of Plastics Engineers Inc's Automotive Division, located in Troy, Michigan, is a nonprofit organization focused on promoting advancements in automotive plastics technology. They achieve this by hosting the Automotive Innovation Awards Program (IAG), the oldest and most extensive competition of its kind globally. This event allows companies to showcase their innovative uses of plastic in the automotive industry to a worldwide audience, without offering monetary prizes. The mission of the Automotive Division extends beyond recognition, offering technical training for industry applications and distributing educational information to its members. By doing so, they aim to encourage education and research in the field, ultimately advancing automotive plastics technology worldwide.
Official website here: www.speautomotive.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating. The rating reflects a focus on accountability and financial practices, with the score derived entirely from a single beacon score. The organization has a solid performance in certain areas, such as having 100% independent board members and a strong program expense ratio of 93.23%, indicating that a significant portion of funds is directed towards their programs.
However, there are notable gaps in the organization's accountability. The Society of Plastics Engineers Inc Automotive Division lacks essential policies such as conflict of interest and whistleblower protections, which are critical for transparency and ethical governance. Additionally, they did not provide financial statements or post their tax form on their website, contributing to their lower score in financial accountability.
While the organization demonstrates commendable program spending and a strong independent governance structure, the absent policies and documentation could raise concerns among potential donors regarding how the organization manages its financial and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of Plastics Engineers Inc Automotive Division legitimate?
Society Of Plastics Engineers Inc Automotive Division is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of Plastics Engineers Inc Automotive Division 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.speautomotive.com
What is the mission statement of Society Of Plastics Engineers Inc Automotive Division?
The Society of Plastics Engineers Inc's Automotive Division is committed to progressing automotive plastics technology globally. They achieve this by acknowledging innovations in the automotive industry and promoting education and research in this field. The division's mission is to advance automotive plastics technology worldwide and spread knowledge about these advancements. They accomplish this through technical conferences, publications, and providing scholarships. The Automotive Division of SPE aims to educate industry professionals, academia, and the public about these advancements, fostering growth in the use of plastics in the transportation sector.
Official website here: www.speautomotive.com
What is the revenue of Society Of Plastics Engineers Inc Automotive Division?
Society Of Plastics Engineers Inc Automotive Division's revenue in 2023 was $823,807.
Official website here: www.speautomotive.com
Who are the executives of Society Of Plastics Engineers Inc Automotive Division and what are their salaries?
There 9 volunteers at Society Of Plastics Engineers Inc Automotive Division.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.speautomotive.com
Where can I find the form 990 for Society Of Plastics Engineers Inc Automotive Division?
Society Of Plastics Engineers Inc Automotive Division's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.speautomotive.com
Learn more at the official website: www.speautomotive.com
Mission Statement of Society Of Plastics Engineers Inc Automotive Division
The Society of Plastics Engineers Inc's Automotive Division is committed to promoting advancements in automotive plastics technology globally. This mission is achieved by recognizing and showcasing innovations in the automotive industry related to plastics and composite materials. The division serves as a platform for technical communication, fostering education and research within the industry. Through organizing technical conferences, publishing relevant materials, and providing scholarships, the Automotive Division of SPE aims to educate various stakeholders, including the industry, academia, and the public, about these technological advancements. The ultimate goal is to drive the global adoption of plastics and composite materials in the transportation sector, thereby contributing to its overall growth and development.
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Impact
October, 2024
The Society of Plastics Engineers Inc Automotive Division plays a significant role in advancing automotive plastics technology globally. By recognizing innovations within the automotive industry, it fosters an environment that encourages education and research. The division's initiatives, such as the Automotive Innovation Awards Program, highlight achievements in automotive plastics, allowing companies to showcase their technological advancements to a worldwide audience. This recognition not only enhances their visibility but also promotes the adoption of innovative solutions that can lead to improved vehicle performance, sustainability, and cost efficiency.
Technical training provided by the division equips industry professionals with the skills required to implement these advancements effectively in their projects. Additionally, distributing educational materials helps to disseminate crucial knowledge about the latest developments in automotive plastics to members, academics, and the broader public.
Through its commitment to recognizing technical accomplishments and facilitating education, the Automotive Division significantly impacts the transportation industry's approach to material usage, guiding it toward a more innovative and sustainable future.
This information is meant to be a general summary of Society Of Plastics Engineers Inc Automotive Division. 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 2023.
- Investment Income: $3,114
- Program Service Revenue: $808,443
- Gross Receipts: $823,807
Assets and Liabilities:
- Total Assets: $329,789
- Total Liabilities: $0
- Net Assets: $329,789
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NEWSLETTER
Revenue
$6,000
COMPOSITES CONFERENCE
Revenue
$344,608
INNOVATTION AWARDS GALA
Revenue
$234,787
TOTAL ACCE
Revenue
$214,048
UNRELATED INCOME
Revenue
$9,000
Organization Details
Founding Year
1942
Principal Officer
Jitesh Desai
Website
www.speautomotive.comNTEE Category
Code: U03 - Science research
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