Overview
What is Society Of Vacuum Coaters?
The Society of Vacuum Coaters is a nonprofit organization situated in Albuquerque, New Mexico. Its primary mission is to foster technical excellence by serving as a global platform for disseminating research and development data in the field of vacuum coating. Through annual forums, the organization provides an opportunity for members, the technical community, and the public to engage in discussions about various aspects of vacuum coating, surface engineering, and related technologies. The Society also offers special opportunities, such as the Student Sponsorship Program, to support the future of the field. With a team of one dedicated individual, the Society of Vacuum Coaters strives to promote knowledge and advancements in the vacuum coating industry.
Official website here: www.svc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 62%)
The Society of Vacuum Coaters holds a rating of two stars from Charity Navigator, indicating that it requires improvement in certain areas, despite achieving a perfect score for accountability and finance. The organization demonstrates strong governance with an independent board, scoring full points in categories such as majority independent board members and conflict of interest policy. However, the lack of financial transparency, specifically in financial statement reporting, significantly impacts its overall rating.
While the program expense ratio stands at a reasonable 64.92%, the organization has room for improvement in its financial statements and the posting of key documents on its website, which score 0 out of 15 and 0 out of 4, respectively. A noteworthy concern is the absence of a whistleblower policy, which could affect the organization's accountability practices.
In terms of compensation, the executive director earns a substantial salary of $190,550, which may raise questions among stakeholders regarding the allocation of resources. Overall, while the Society of Vacuum Coaters shows strengths in governance, the lack of transparency and financial documentation remains a significant limitation that needs to be addressed for improved trust and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of Vacuum Coaters legitimate?
Society Of Vacuum Coaters is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of Vacuum Coaters 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: $314,497
For more financial information, click here
Official website here: www.svc.org
What is the mission statement of Society Of Vacuum Coaters?
The Society of Vacuum Coaters' mission is to foster technical excellence by serving as a global platform for disseminating information, educating, and engaging its members, the technical community, and the public on all aspects of vacuum coating, surface engineering, and related technologies. This organization promotes knowledge sharing through annual technical conferences, which have attracted a growing international audience and gained a reputation for offering high-quality technical programs, education sessions, and exhibits. The Society also supports students and the future of vacuum coating through its Student Sponsorship Program.
Official website here: www.svc.org
What is the revenue of Society Of Vacuum Coaters?
Society Of Vacuum Coaters's revenue in 2023 was $1,125,849.
Official website here: www.svc.org
Who are the executives of Society Of Vacuum Coaters and what are their salaries?
The average compensation at Society Of Vacuum Coaters during 2023 was $314,497. There is 1 employee at Society Of Vacuum Coaters.
Here are 13 key members and their salaries:
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Official website here: www.svc.org
Where can I find the form 990 for Society Of Vacuum Coaters?
Society Of Vacuum Coaters's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.svc.org
Learn more at the official website: www.svc.org
Mission Statement of Society Of Vacuum Coaters
The Society of Vacuum Coaters, a global organization, is dedicated to fostering technical excellence in the field of vacuum coating and related technologies. Its mission is twofold: firstly, it aims to serve as a platform for the exchange of knowledge and ideas among its members, the technical community, and the public at large. This is achieved by providing a forum where research and development in vacuum coating are disseminated, discussed, and celebrated. Secondly, the Society engages with the public to promote awareness and understanding of these technologies. By doing so, it seeks to establish itself as a reputable source of high-quality technical and educational programs, as well as exhibitions.
To further its mission, the Society offers various opportunities to support the next generation of vacuum coating professionals. This is accomplished through its Student Sponsorship Program, which provides resources and opportunities to students interested in this field. The Society's annual technical conference is a significant event, attracting a growing international audience and showcasing a world-class technical program, education sessions, and industrial exhibitions. By promoting technical excellence in vacuum coating, surface engineering, and related technologies, the Society of Vacuum Coaters contributes to the advancement of these fields and the industries that rely on them.
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Impact
October, 2024
The Society of Vacuum Coaters plays a pivotal role in advancing technical excellence within the vacuum coating and surface engineering fields. By facilitating a global forum, it informs and educates both industry professionals and the public on essential aspects of these technologies.
Through its annual technical conferences, the Society fosters the dissemination of research and development, drawing increasing international attendance and a growing number of industrial exhibitors. This has established a reputation for delivering high-quality technical programs that enhance knowledge and promote innovation.
Moreover, the Society's commitment to supporting students through sponsorship programs contributes to the future of the industry, encouraging the next generation of professionals to engage with vacuum coating technologies. This comprehensive approach not only strengthens the technical community but also ensures that advancements in vacuum coating and surface engineering continue to thrive.
This information is meant to be a general summary of Society Of Vacuum Coaters. 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: $22,127
- Program Service Revenue: $736,027
- Gross Receipts: $1,191,707
Assets and Liabilities:
- Total Assets: $899,749
- Total Liabilities: $559,355
- Net Assets: $340,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXHIBITS:321 EXHIBITOR BOOT
Revenue
$380,256
TECHNICAL CONFERENCE:301 RE
Revenue
$204,483
EDUCATION PROGRAM:311 TECHC
Revenue
$45,962
MISCELLANEOUS INCOME:373 SI
Revenue
$23,000
EDUCATION PROGRAM:316 ON-LO
Revenue
$18,999
Organization Details
Founding Year
1984
Principal Officer
Albert Miranda
Website
www.svc.orgNTEE Category
Code: U03 - Science research
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