Civic Intelligence

Surface Mount Technology Association

990 • Fiscal year 2021 • EIN 77-0048602

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 20, 2022

6600 City W Pkwy Rm/Ste 300Eden Prairie, MN 55344

(952) 920-7682

Siviq Scores

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

Liabilities / Assets

39th percentile

0.09x

Higher debt load relative to assets than 39% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

47th percentile

0.17x

Higher debt load relative to revenue than 47% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

10th percentile

-10%

Higher net margin than 10% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

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

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

9th percentile

-7.5%

Faster asset growth than 9% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

6.2%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,712,008

Down $219,198 (-7.5%) from 2020

Net Assets

Down

$2,480,119

Down $136,732 (-5.2%) from 2020

Liabilities

Down

$231,889

Down $82,466 (-26%) from 2020

Revenue

Up

$1,382,977

Up $80,744 (+6.2%) from 2020

Expenses

Down

$1,521,388

Down $348,464 (-19%) from 2020

Net Income

Up

-$138,411

Up $429,208 (+76%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,325,881Liabilities 2011: $45,992Net Assets 2011: $1,279,8892011Assets 2012: $1,517,096Liabilities 2012: $141,797Net Assets 2012: $1,375,2992012Assets 2013: $1,553,725Liabilities 2013: $72,001Net Assets 2013: $1,481,7242013Assets 2014: $1,801,221Liabilities 2014: $241,942Net Assets 2014: $1,559,2792014Assets 2015: $1,996,861Liabilities 2015: $214,653Net Assets 2015: $1,782,2082015Assets 2016: $2,103,657Liabilities 2016: $125,220Net Assets 2016: $1,978,4372016Assets 2017: $2,773,898Liabilities 2017: $136,421Net Assets 2017: $2,637,4772017Assets 2018: $2,918,852Liabilities 2018: $71,816Net Assets 2018: $2,847,0362018Assets 2019: $3,265,230Liabilities 2019: $71,986Net Assets 2019: $3,193,2442019Assets 2020: $2,931,206Liabilities 2020: $314,355Net Assets 2020: $2,616,8512020Assets 2021: $2,712,008Liabilities 2021: $231,889Net Assets 2021: $2,480,1192021Assets 2022: $2,726,084Liabilities 2022: $20,553Net Assets 2022: $2,705,5312022Assets 2023: $2,696,419Liabilities 2023: $53,918Net Assets 2023: $2,642,5012023Assets 2024: $2,840,172Liabilities 2024: $104,135Net Assets 2024: $2,736,0372024

Highlighted filing

2021

Assets$2,712,008
Liabilities$231,889
Net Assets$2,480,119

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $1,675,722Expenses 2011: $1,547,787Net Income 2011: $127,9352011Revenue 2012: $1,859,206Expenses 2012: $1,763,796Net Income 2012: $95,4102012Revenue 2013: $1,990,824Expenses 2013: $1,884,399Net Income 2013: $106,4252013Revenue 2014: $2,279,320Expenses 2014: $2,201,765Net Income 2014: $77,5552014Revenue 2015: $2,368,907Expenses 2015: $2,145,978Net Income 2015: $222,9292015Revenue 2016: $2,440,410Expenses 2016: $2,244,181Net Income 2016: $196,2292016Revenue 2017: $2,765,631Expenses 2017: $2,419,553Net Income 2017: $346,0782017Revenue 2018: $3,107,372Expenses 2018: $2,849,035Net Income 2018: $258,3372018Revenue 2019: $3,056,063Expenses 2019: $2,782,799Net Income 2019: $273,2642019Revenue 2020: $1,302,233Expenses 2020: $1,869,852Net Income 2020: -$567,6192020Revenue 2021: $1,382,977Expenses 2021: $1,521,388Net Income 2021: -$138,4112021Revenue 2022: $2,690,439Expenses 2022: $2,434,488Net Income 2022: $255,9512022Revenue 2023: $3,055,800Expenses 2023: $3,166,627Net Income 2023: -$110,8272023Revenue 2024: $3,524,404Expenses 2024: $3,465,984Net Income 2024: $58,4202024

Highlighted filing

2021

Revenue$1,382,977
Expenses$1,521,388
Net Income-$138,411
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 20, 2022
Return Version
2021v4.0
Gross Receipts
$1,408,575
Mission and Program Overview

Mission

The smta is an international network of professionals who build skills, share practical experience and develop solutions in electronic assembly technologies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,865,506$1,664,774▼ $200,732
Investments in Publicly Traded Securities$1,008,970$997,331▼ $11,639
Savings and Temporary Cash Investments$3,991$27,703▲ $23,712
Pledges and Grants Receivable$21,647--
Prepaid Expenses and Deferred Charges$26,031$16,608▼ $9,423
Inventories for Sale or Use$5,061$5,592▲ $531
Total Assets$2,931,206$2,712,008▼ $219,198
Liabilities
Deferred Revenue$267,858$221,234▼ $46,624
Accounts Payable and Accrued Expenses$46,487$10,645▼ $35,842
Other Liabilities$10$10→ $0
Total Liabilities$314,355$231,889▼ $82,466
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,616,851$2,480,119▼ $136,732
Total Net Assets Fund Balance$2,616,851$2,480,119▼ $136,732
Total Liabilities and Net Assets / Fund Balance$2,931,206$2,712,008▼ $219,198

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$7,985$7,985
Compensation and Service Providers

Board Members and Trustees

NameTitle
Martin AnselmPresident
Ivan RomanPlan Committ
Bill CapenPlan. Commit
Bill CardosoPlan. Commit
Richard CoylePlan. Commit
Rob BoguskiPlan. Commit
Tim JensenPlan. Commit
Gregory VanceSecretary
Julie SilkSecretary
Robert KinyanjuiTreasurer
Sal SparacinoVP Communica
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,322,406
Investment Income
$11,597
Other Revenue
$48,974
Change in Net Assets
$-138,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,521,388
Total Fundraising Expense$34,855
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$320,968--$320,968
All Other Expenses$41,553$9,349$22,035$72,937
Other Expenses$13,207$12,820$12,820$38,847
Fees for Services Accounting-$16,980-$16,980
Travel$5,601$5,601-$11,202
Fees for Services Legal-$9,127-$9,127
Total Functional Expenses$518,132$968,401$34,855$1,521,388
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Income Taxes$10
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Board members are elected by the association members.

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

As someone applies to run for the board they are required to sign a form noting they received and understand the policy.

Form 990, Page 6, Part VI, Line 19

All documents are stored in their office and are available upon request.

Filing and Contact Details

Filer

Filer Name
Surface Mount Technology
EIN
77-0048602
Phone
9529207682
Address
6600 CITY W PKWY RM/STE 300, EDEN PRAIRIE, MN 55344

Signing Officer

Name
Gregory Vance
Title
Secretary
Phone
9529207682
Signed
2022-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Anselm
Formed
1984
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Lethert Skwira Schultz & Co Llp
Address
170 7TH PL E STE 100, SAINT PAUL, MN 55101-2361
Preparer
Angie M Agrey CPA
Phone
6512245721
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 4B

BELGIUM

Raw XML Appendix352 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BELGIUM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE ELECTED BY THE ASSOCIATION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS SOMEONE APPLIES TO RUN FOR THE BOARD THEY ARE REQUIRED TO SIGN A FORM NOTING THEY RECEIVED AND UNDERSTAND THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE STORED IN THEIR OFFICE AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/ExclusionAmt0876318
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0498604
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01382977
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-20
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGIE M AGREY CPA
ReturnHeader/ReturnTs02022-11-14T12:41:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREGORY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VANCE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.84$0.10$2.74$3.52$3.47$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.70$0.05$2.64$3.06$3.17$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.73$0.02$2.71$2.69$2.43$0.26
2021Detailed filing. Detailed filing data is available for this year.$2.71$0.23$2.48$1.38$1.52$0.14
2020Detailed filing. Detailed filing data is available for this year.$2.93$0.31$2.62$1.30$1.87$0.57
2019Detailed filing. Detailed filing data is available for this year.$3.27$0.07$3.19$3.06$2.78$0.27
2018Detailed filing. Detailed filing data is available for this year.$2.92$0.07$2.85$3.11$2.85$0.26
2017Detailed filing. Detailed filing data is available for this year.$2.77$0.14$2.64$2.77$2.42$0.35
2016Detailed filing. Detailed filing data is available for this year.$2.10$0.13$1.98$2.44$2.24$0.20
2015Detailed filing. Detailed filing data is available for this year.$2.00$0.21$1.78$2.37$2.15$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.80$0.24$1.56$2.28$2.20$0.08
2013Summary only. Only limited summary data is available for this year.$1.55$0.07$1.48$1.99$1.88$0.11
2012Summary only. Only limited summary data is available for this year.$1.52$0.14$1.38$1.86$1.76$0.10
2011Summary only. Only limited summary data is available for this year.$1.33$0.05$1.28$1.68$1.55$0.13