Civic Intelligence

Secondary Materials and Recycled Textiles

990 • Fiscal year 2020 • EIN 36-1728770

Jan 01, 2020 to Dec 31, 2020 • Filed on May 04, 2021

3465 Box Hill Corporate Ctr Dr NAbingdon, MD 21009

(443) 640-1050

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.20x

Higher debt load relative to assets than 66% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.49x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

38th percentile

1.3%

Higher net margin than 38% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

41st percentile

2.4%

Faster asset growth than 41% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-25%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$889,368

Up $21,061 (+2.4%) from 2019

Net Assets

Up

$710,288

Up $61,275 (+9.4%) from 2019

Liabilities

Down

$179,080

Down $40,214 (-18%) from 2019

Revenue

Down

$364,793

Down $123,365 (-25%) from 2019

Expenses

Down

$360,121

Down $104,430 (-22%) from 2019

Net Income

Down

$4,672

Down $18,935 (-80%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2014: $589,169Liabilities 2014: $118,335Net Assets 2014: $470,8342014Assets 2015: $615,242Liabilities 2015: $199,814Net Assets 2015: $415,4282015Assets 2016: $714,977Liabilities 2016: $246,815Net Assets 2016: $468,1622016Assets 2017: $707,584Liabilities 2017: $165,999Net Assets 2017: $541,5852017Assets 2018: $728,396Liabilities 2018: $159,984Net Assets 2018: $568,4122018Assets 2019: $868,307Liabilities 2019: $219,294Net Assets 2019: $649,0132019Assets 2020: $889,368Liabilities 2020: $179,080Net Assets 2020: $710,2882020Assets 2021: $939,357Liabilities 2021: $190,393Net Assets 2021: $748,9642021Assets 2022: $957,723Liabilities 2022: $296,030Net Assets 2022: $661,6932022Assets 2023: $1,023,631Liabilities 2023: $214,629Net Assets 2023: $809,0022023Assets 2024: $1,199,482Liabilities 2024: $339,497Net Assets 2024: $859,9852024

Highlighted filing

2020

Assets$889,368
Liabilities$179,080
Net Assets$710,288

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $504,870Expenses 2014: $482,548Net Income 2014: $22,3222014Revenue 2015: $444,577Expenses 2015: $479,954Net Income 2015: -$35,3772015Revenue 2016: $469,017Expenses 2016: $429,856Net Income 2016: $39,1612016Revenue 2017: $479,184Expenses 2017: $454,386Net Income 2017: $24,7982017Revenue 2018: $521,656Expenses 2018: $438,180Net Income 2018: $83,4762018Revenue 2019: $488,158Expenses 2019: $464,551Net Income 2019: $23,6072019Revenue 2020: $364,793Expenses 2020: $360,121Net Income 2020: $4,6722020Revenue 2021: $351,739Expenses 2021: $330,868Net Income 2021: $20,8712021Revenue 2022: $476,108Expenses 2022: $466,411Net Income 2022: $9,6972022Revenue 2023: $782,528Expenses 2023: $679,614Net Income 2023: $102,9142023Revenue 2024: $754,935Expenses 2024: $754,885Net Income 2024: $502024

Highlighted filing

2020

Revenue$364,793
Expenses$360,121
Net Income$4,672
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 4, 2021
Return Version
2020v4.1
Gross Receipts
$445,665
Mission and Program Overview

Mission

The organization is an international trade association which seeks to strengthen the economic opportunities of its diverse membership by promoting the interdependence of industry segments and providing a common forum for networking, education, and trade.

Education of membership and promotion of industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$400,044$466,923▲ $66,879
Savings and Temporary Cash Investments$212,976$212,953▼ $23
Cash and Non-Interest-Bearing Accounts$201,729$182,122▼ $19,607
Prepaid Expenses and Deferred Charges$50,856$26,624▼ $24,232
Land, Buildings, and Equipment, Net$1,956$0▼ $1,956
Accounts Receivable$746$746→ $0
Total Assets$868,307$889,368▲ $21,061
Liabilities
Deferred Revenue$213,273$179,080▼ $34,193
Accounts Payable and Accrued Expenses$6,021$0▼ $6,021
Total Liabilities$219,294$179,080▼ $40,214
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$616,627$677,902▲ $61,275
Net Assets With Donor Restrictions$32,386$32,386→ $0
Total Net Assets Fund Balance$649,013$710,288▲ $61,275
Total Liabilities and Net Assets / Fund Balance$868,307$889,368▲ $21,061

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$8,800$8,800
Compensation and Service Providers

Board Members and Trustees

NameTitle
David BloovmanImmediate Past President
Tony ShumpertPresident
Steve ReesVice President
Brian LondonDirector
Brian RubinDirector
Drew WeinbergDirector
Helene CarterDirector
Josh MusicDirector
Justin Woycke Thru Mar 2020Director
Munir HussainDirector
Rick WolfDirector
Trish Ellison Thru Mar 2020Director
Usman KappayaDirector
Jackie KingExecutive Director
Todd WilsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
King Management Group (a Division Of ManManagement Services3465 BOX HILL CORPORATE CTR, Abingdon, MD 21009$238,349
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$348,564
Investment Income
$15,710
Other Revenue
$519
Change in Net Assets
$4,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$360,121
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$238,349
Fees for Services Other---$33,000
Office Expenses---$17,964
Information Technology---$10,319
Conferences and Meetings---$6,872
Fees for Services Accounting---$6,000
Fees for Service Investment Mgmnt Fees---$5,282
Insurance---$2,693
Depreciation Depletion---$1,956
Occupancy---$1,295
Other Expenses---$747
Travel---$674
All Other Expenses---$580
Total Functional Expenses$0$0$0$360,121
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Smart is managed by the association management company of king management group (a division of management solutions plus, inc). Smart maintains its offices at kmg's headquarters at 3465 box hill corporate center dr., suite h, abingdon, md 21009. All regular smart staff members are employees of kmg and are provided to smart on an as-needed basis. Kmg and smart have a letter of agreement that defines the responsibilities of the management firm. A management fee is negotiated that covers the cost of the smart executive director, support staff, office equipment, and office space.

Form 990, Part VI, Section A, Line 4

The organization's bylaws were amended to eliminate the international membership category.

Form 990, Part VI, Section A, Line 6

Smart's bylaws provide for three classes of membership: (1) industry members,(2) associate members, and (3) secondary members.

Form 990, Part VI, Section A, Line 7A

Industry members are voting members of the association.

Form 990, Part VI, Section B, Line 11B

A final draft of form 990 is emailed to all board members.

Form 990, Part VI, Section B, Line 12C

If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.

Form 990, Part VI, Section C, Line 19

Available upon request made to association headquarters.

Filing and Contact Details

Filer

Filer Name
Secondary Materials and Recycled
EIN
36-1728770
Phone
4436401050
Address
3465 BOX HILL CORPORATE CTR DR N, ABINGDON, MD 21009

Signing Officer

Name
Jackwelyn R King
Title
Executive Director
Phone
4436401050
Signed
2021-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Wilson
Formed
1993
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Kahn Berman Solomon Taibel & Mogol Pa
Address
9515 DEERECO ROAD SUITE 801, TIMONIUM, MD 21093
Preparer
Deanna Amos
Phone
4103080300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The financial statement review process has not changed.

Raw XML AppendixShowing 400 of 418 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TRADE MISSION TRIP
IRS990/OtherExpensesGrp/Desc1GOVERNMENT AFFAIRS
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP
IRS990/OtherExpensesGrp/Desc3TRAINING
IRS990/OtherExpensesGrp/TotalAmt017604
IRS990/OtherExpensesGrp/TotalAmt115000
IRS990/OtherExpensesGrp/TotalAmt21786
IRS990/OtherExpensesGrp/TotalAmt3747
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
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IRS990/OtherRevenueTotalAmt0101
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt050856
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026624
IRS990/PrincipalOfficerNm0TODD WILSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
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IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER DUES
IRS990/ProgramServiceRevenueGrp/Desc1ANNUAL CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc2TRADE MISSION TRIP
IRS990/ProgramServiceRevenueGrp/Desc3REGIONAL CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc4SPONSORSHIPS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122267
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt216750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt311800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0293147
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122267
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt216750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt311800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44600
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010216
IRS990/PYOtherExpensesAmt0464551
IRS990/PYOtherRevenueAmt0790
IRS990/PYProgramServiceRevenueAmt0477152
IRS990/PYRevenuesLessExpensesAmt023607
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0488158
IRS990/ReconcilationRevenueExpnssAmt04672
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0418
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0418
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0212976
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08800
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08800
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SMART IS MANAGED BY THE ASSOCIATION MANAGEMENT COMPANY OF KING MANAGEMENT GROUP (A DIVISION OF MANAGEMENT SOLUTIONS PLUS, INC). SMART MAINTAINS ITS OFFICES AT KMG'S HEADQUARTERS AT 3465 BOX HILL CORPORATE CENTER DR., SUITE H, ABINGDON, MD 21009. ALL REGULAR SMART STAFF MEMBERS ARE EMPLOYEES OF KMG AND ARE PROVIDED TO SMART ON AN AS-NEEDED BASIS. KMG AND SMART HAVE A LETTER OF AGREEMENT THAT DEFINES THE RESPONSIBILITIES OF THE MANAGEMENT FIRM. A MANAGEMENT FEE IS NEGOTIATED THAT COVERS THE COST OF THE SMART EXECUTIVE DIRECTOR, SUPPORT STAFF, OFFICE EQUIPMENT, AND OFFICE SPACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BYLAWS WERE AMENDED TO ELIMINATE THE INTERNATIONAL MEMBERSHIP CATEGORY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SMART'S BYLAWS PROVIDE FOR THREE CLASSES OF MEMBERSHIP: (1) INDUSTRY MEMBERS,(2) ASSOCIATE MEMBERS, AND (3) SECONDARY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INDUSTRY MEMBERS ARE VOTING MEMBERS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A FINAL DRAFT OF FORM 990 IS EMAILED TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST MADE TO ASSOCIATION HEADQUARTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FINANCIAL STATEMENT REVIEW PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C
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IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt0868307
IRS990/TotalAssetsGrp/EOYAmt0889368
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
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IRS990/TotalLiabilitiesGrp/BOYAmt0219294
IRS990/TotalLiabilitiesGrp/EOYAmt0179080
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0649013
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0710288
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0348564
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt016229
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0348564
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0364793
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0868307
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0889368
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0674
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03465 BOX HILL CORPORATE CTR DR NO H
IRS990/USAddress/CityNm0ABINGDON
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021009
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.SMARTASN.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JACKWELYN R KING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04436401050
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SECONDARY MATERIALS AND RECYCLED
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0TEXTILES
ReturnHeader/Filer/BusinessNameControlTxt0SECO
ReturnHeader/Filer/EIN0361728770
ReturnHeader/Filer/PhoneNum04436401050
ReturnHeader/Filer/USAddress/AddressLine1Txt03465 BOX HILL CORPORATE CTR DR N

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