Society of Manufacturing Engineers

“Sme has two distinct classes of members: senior members and student members.”

“The senior members have voting rights to elect the governing body. Student members do not have any voting rights, except the right to elect their own officers within their own student chapter.”

“The senior members have voting rights to make any changes to sme's constitution.”

“Sme utilizes an independent accounting firm to complete the form 990 and related schedules. A detailed review of the federal form 990 was performed by the chief financial officer of sme. When the return was finalized, it was presented to the chief executive officer, for discussion and review, where all comments were addressed. The return was then presented to the audit committee of the board of directors, whose responsibility it is to review the return on behalf of the board. Comments were received and addressed and then the completed return was signed by the cfo. The signed return was then sent to all the voting members of the board of directors prior to filing.”

“Conflict of interest policy monitoring & enforcement: sme maintains a written conflict of interest policy for the officers, directors, volunteers and employees. The policy requires the annual disclosures by officers and directors of interest that could give rise to conflicts. Exceptions, if any, are evaluated by the board of directors.”

“Process for determining compensation: benchmark studies have been performed when determining the compensation to be paid to the ceo/executive director and all top management. A third party performed an independent assessment using multiple local and national surveys. Target compensation is based on these benchmark studies. The executive compensation committee conducts an annual performance review for the ceo/executive director against previously set objectives. The ceo/executive director conducts an annual performance review of all top management against previously set objectives. Merit increases are awarded annually by the executive compensation committee for the ceo/executive director and all top management, based on performance reviews. Executive incentives are awarded based on the executive incentive plan.”

“The organization makes its governance document (which includes sme's constitution, by-laws and sme procedures), conflict of interest policy and financial information available to its members.”

“Change in unfunded pension 2,730,473. Remeasurement gain -22,707.”

“The number of employees reported is the total employee count for the filing organization. While sme is the common paymaster for sme and sme education foundation (sme ef), the number of employees does not include those who only performed work for sme ef.”