Overview
What is Society Of Tribologists And Lubrication Engineers?
The Society of Tribologists and Lubrication Engineers is a nonprofit organization situated in Park Ridge, Illinois. Its primary mission is to advance the field of tribology, which involves the study of interacting surfaces in relative motion, and lubrication engineering. To accomplish this, they offer educational resources to both members and non-members through periodicals, research publications, and annual conferences. Their ultimate goal is to foster innovation, enhance the performance of equipment and products, conserve resources, and protect the environment. With a team of 11 dedicated individuals, they strive to make significant contributions to this field.
Official website here: www.stle.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Society of Tribologists and Lubrication Engineers has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization received a perfect score in several key areas, including the independence of its board members and the thoroughness of its audit and oversight practices. This indicates a strong commitment to governance and transparency.
The organization maintains a robust program expense ratio of 86.37%, which suggests that a significant portion of its funding is directed towards its mission-related activities. Furthermore, their effective financial management is evidenced by a low liabilities-to-assets ratio of 15.84%, indicating stability and responsible fiscal practices.
While the available data highlights numerous strengths, it is essential for potential donors to remain informed about the ongoing impact and reach of the organization's programs. Nonetheless, the Society of Tribologists and Lubrication Engineers appears to uphold a high standard of financial accountability and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of Tribologists And Lubrication Engineers legitimate?
Society Of Tribologists And Lubrication Engineers is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of Tribologists And Lubrication Engineers 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: $258,964
Professional Fundraising Fees: $0
Other Salaries and Wages: $591,646
For more financial information, click here
Official website here: www.stle.org
What is the mission statement of Society Of Tribologists And Lubrication Engineers?
The Society of Tribologists and Lubrication Engineers is committed to advancing the field of tribology and promoting the practice of lubrication engineering. Their primary goal is to foster innovation, enhance the performance of equipment and products, conserve resources, and safeguard the environment. They achieve this by providing educational resources to both members and non-members in the field of lubrication engineering. This is done through monthly and quarterly periodicals, research publications, and annual conferences.
Official website here: www.stle.org
Who is the CEO of Society Of Tribologists And Lubrication Engineers?
Edward P Salek is the President of Society Of Tribologists And Lubrication Engineers.
Official website here: www.stle.org
What is the revenue of Society Of Tribologists And Lubrication Engineers?
Society Of Tribologists And Lubrication Engineers's revenue in 2022 was $3,526,860.
Official website here: www.stle.org
Who are the executives of Society Of Tribologists And Lubrication Engineers and what are their salaries?
The average compensation at Society Of Tribologists And Lubrication Engineers during 2022 was $77,328. There are 11 employees and 250 volunteers at Society Of Tribologists And Lubrication Engineers.
Here are 24 key members and their salaries:
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- Compensation: $221,653
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- Other: $29,751
Official website here: www.stle.org
Where can I find the form 990 for Society Of Tribologists And Lubrication Engineers?
Society Of Tribologists And Lubrication Engineers's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stle.org
Learn more at the official website: www.stle.org
Mission Statement of Society Of Tribologists And Lubrication Engineers
The Society of Tribologists and Lubrication Engineers is dedicated to advancing the field of tribology and the application of lubrication engineering. Their mission is threefold: to foster innovation, improve the performance of equipment and products, conserve resources, and protect the environment. By doing so, they aim to contribute to the advancement of the science of tribology and the practice of lubrication engineering.
The Society achieves this mission by providing education to both its members and those outside of the field. They offer a variety of resources, including monthly and quarterly periodicals, research publications, and annual conferences. Through these educational platforms, they aim to share knowledge and expertise in the field of lubrication engineering, promoting innovation and best practices. By improving the performance of equipment and products, the Society also contributes to resource conservation and environmental protection. By fostering innovation, they help drive the development of more efficient and sustainable technologies.
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Impact
October, 2024
The Society of Tribologists and Lubrication Engineers plays a crucial role in advancing the science of tribology and lubrication engineering, significantly impacting multiple industries by fostering innovation and improving equipment and product performance. Through its educational initiatives, including monthly and quarterly periodicals, research publications, and annual conferences, the Society enhances knowledge and skills in lubrication engineering.
The Society's focus on advancing tribological science aids in the development of lubrication solutions that enhance efficiency and reduce wear in machinery, contributing to longer equipment lifespans and lower maintenance costs. By advocating for best practices and cutting-edge research in lubricant performance, the Society supports resource conservation and environmental protection, ensuring that industrial processes are sustainable and less damaging to ecosystems.
Ultimately, the Society of Tribologists and Lubrication Engineers serves as a vital hub for knowledge exchange, helping professionals to stay on the cutting edge of industry developments, which in turn drives technological advancements and enhances overall operational efficiency across sectors.
This information is meant to be a general summary of Society Of Tribologists And Lubrication Engineers. 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: $179,950
- Program Service Revenue: $2,572,992
- Gross Receipts: $3,836,715
Assets and Liabilities:
- Total Assets: $4,582,639
- Total Liabilities: $714,965
- Net Assets: $3,867,674
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES
Revenue
$1,328,512
PERIODICALS
Revenue
$622,657
MEMBERSHIP DUES
Revenue
$607,023
WEBSITE ADVERTISING
Revenue
$14,800
Organization Details
Founding Year
1944
Phone
(847) 825-5536Principal Officer
Edward P Salek
Main Address
840 BUSSE HIGHWAY, PARK RIDGE, IL, 600682376
Website
www.stle.orgNTEE Category
Code: U99C - Science research
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