Civic Intelligence

Secondary Materials and Recycled Textiles

990 • Fiscal year 2021 • EIN 36-1728770

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 11, 2022

1300 Piccard Dr Ll-14Rockville, MD 20850

(443) 640-1050

Siviq Scores

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

Liabilities / Assets

68th percentile

0.20x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

0.54x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Net Margin

38th percentile

5.9%

Higher net margin than 38% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Asset Growth

36th percentile

5.6%

Faster asset growth than 36% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

-3.6%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$939,357

Up $49,989 (+5.6%) from 2020

Net Assets

Up

$748,964

Up $38,676 (+5.4%) from 2020

Liabilities

Up

$190,393

Up $11,313 (+6.3%) from 2020

Revenue

Down

$351,739

Down $13,054 (-3.6%) from 2020

Expenses

Down

$330,868

Down $29,253 (-8.1%) from 2020

Net Income

Up

$20,871

Up $16,199 (+347%) from 2020

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

2021

Assets$939,357
Liabilities$190,393
Net Assets$748,964

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

2021

Revenue$351,739
Expenses$330,868
Net Income$20,871
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 11, 2022
Return Version
2021v4.2
Gross Receipts
$440,335
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$466,923$515,013▲ $48,090
Cash and Non-Interest-Bearing Accounts$182,122$180,598▼ $1,524
Savings and Temporary Cash Investments$212,953$177,846▼ $35,107
Prepaid Expenses and Deferred Charges$26,624$65,154▲ $38,530
Accounts Receivable$746$746→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$889,368$939,357▲ $49,989
Liabilities
Deferred Revenue$179,080$190,393▲ $11,313
Total Liabilities$179,080$190,393▲ $11,313
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$677,902$716,578▲ $38,676
Net Assets With Donor Restrictions$32,386$32,386→ $0
Total Net Assets Fund Balance$710,288$748,964▲ $38,676
Total Liabilities and Net Assets / Fund Balance$889,368$939,357▲ $49,989

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
Munir HussainDirector
Rick WolfDirector
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$223,349
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$314,460
Investment Income
$36,867
Other Revenue
$412
Change in Net Assets
$20,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$330,868
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---$223,349
Fees for Services Other---$33,000
Conferences and Meetings---$14,210
Office Expenses---$13,935
Information Technology---$10,359
Fees for Service Investment Mgmnt Fees---$6,539
Fees for Services Accounting---$6,000
Insurance---$2,786
Fees for Services Legal---$2,300
Occupancy---$1,800
Other Expenses---$560
Travel---$430
Total Functional Expenses$0$0$0$330,868
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
No
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 maintained its offices at kmg's headquarters at 3465 box hill corporate center dr., suite h, abingdon, md 21009, until 2022 when operations were moved to rockville, md. All regular smart staff members are employees of msp and are provided to smart on an as-needed basis. Msp 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 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 draft of form 990 is reviewed by the treasurer of the board, prior to filing. A copy of the final form 990 is emailed to all board members upon filing.

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
1300 PICCARD DR LL-14, ROCKVILLE, MD 20850

Signing Officer

Name
Susan Decourcey
Title
Executive Director
Phone
4436401050
Signed
2022-08-11
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 Appendix394 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER DUES
IRS990/ProgramServiceRevenueGrp/Desc1ANNUAL CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc2SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc3REGIONAL CONFERENCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0262860
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124100
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt214000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0262860
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt214000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt313500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015710
IRS990/PYOtherExpensesAmt0360121
IRS990/PYOtherRevenueAmt0519
IRS990/PYProgramServiceRevenueAmt0348564
IRS990/PYRevenuesLessExpensesAmt04672
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0360121
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0364793
IRS990/ReconcilationRevenueExpnssAmt020871
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0266
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0266
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0212953
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0177846
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08800
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08800
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SMART IS MANAGED BY THE ASSOCIATION MANAGEMENT COMPANY OF KING MANAGEMENT GROUP (A DIVISION OF MANAGEMENT SOLUTIONS PLUS, INC). SMART MAINTAINED ITS OFFICES AT KMG'S HEADQUARTERS AT 3465 BOX HILL CORPORATE CENTER DR., SUITE H, ABINGDON, MD 21009, UNTIL 2022 WHEN OPERATIONS WERE MOVED TO ROCKVILLE, MD. ALL REGULAR SMART STAFF MEMBERS ARE EMPLOYEES OF MSP AND ARE PROVIDED TO SMART ON AN AS-NEEDED BASIS. MSP 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/ExplanationTxt1SMART'S BYLAWS PROVIDE FOR THREE CLASSES OF MEMBERSHIP: (1) INDUSTRY MEMBERS,(2) ASSOCIATE MEMBERS, AND (3) SECONDARY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INDUSTRY MEMBERS ARE VOTING MEMBERS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT OF FORM 990 IS REVIEWED BY THE TREASURER OF THE BOARD, PRIOR TO FILING. A COPY OF THE FINAL FORM 990 IS EMAILED TO ALL BOARD MEMBERS UPON FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IF 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/ExplanationTxt5AVAILABLE UPON REQUEST MADE TO ASSOCIATION HEADQUARTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0889368
IRS990/TotalAssetsEOYAmt0939357
IRS990/TotalAssetsGrp/BOYAmt0889368
IRS990/TotalAssetsGrp/EOYAmt0939357
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0330868
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0179080
IRS990/TotalLiabilitiesEOYAmt0190393
IRS990/TotalLiabilitiesGrp/BOYAmt0179080
IRS990/TotalLiabilitiesGrp/EOYAmt0190393
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0710288
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0748964
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0314460
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt037279
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0314460
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0351739
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0889368
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0939357
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0430
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01300 PICCARD DR LL-14
IRS990/USAddress/CityNm0ROCKVILLE
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020850
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.SMARTASN.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN DECOURCEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04436401050
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SECONDARY MATERIALS AND RECYCLED
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0TEXTILES
ReturnHeader/Filer/BusinessNameControlTxt0SECO
ReturnHeader/Filer/EIN0361728770
ReturnHeader/Filer/PhoneNum04436401050
ReturnHeader/Filer/USAddress/AddressLine1Txt01300 PICCARD DR LL-14
ReturnHeader/Filer/USAddress/CityNm0ROCKVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020850
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521365413
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KAHN BERMAN SOLOMON TAIBEL & MOGOL PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09515 DEERECO ROAD SUITE 801
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TIMONIUM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021093
ReturnHeader/PreparerPersonGrp/PhoneNum04103080300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEANNA AMOS
ReturnHeader/ReturnTs02022-08-16T11:35:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SUSAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DECOURCEY
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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