Civic Intelligence

Society for the Advancement of Material and Process Engineering

990 • Fiscal year 2019 • EIN 95-6153442

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 04, 2020

21680 Gateway Center Drive No 300Diamond Bar, CA 91765-2454

(626) 521-9460

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.34x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.50x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Net Margin

50th percentile

4.7%

Higher net margin than 50% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

41st percentile

$315,120

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

Up

$11,305,796

Up $4,828,196 (+75%) from 2015

Net Assets

Up

$7,438,077

Up $4,593,795 (+162%) from 2015

Liabilities

Up

$3,867,719

Up $234,401 (+6.5%) from 2015

Revenue

Up

$7,716,537

Up $1,847,083 (+31%) from 2015

Expenses

Up

$7,357,203

Up $1,941,245 (+36%) from 2015

Net Income

Down

$359,334

Down $94,162 (-21%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2015: $6,477,600Liabilities 2015: $3,633,318Net Assets 2015: $2,844,2822015Assets 2019: $11,305,796Liabilities 2019: $3,867,719Net Assets 2019: $7,438,0772019Assets 2021: $8,577,702Liabilities 2021: $2,943,070Net Assets 2021: $5,634,6322021Assets 2022: $8,588,224Liabilities 2022: $3,687,623Net Assets 2022: $4,900,6012022Assets 2023: $9,476,145Liabilities 2023: $4,803,438Net Assets 2023: $4,672,7072023Assets 2024: $10,124,957Liabilities 2024: $5,364,785Net Assets 2024: $4,760,1722024

Highlighted filing

2019

Assets$11,305,796
Liabilities$3,867,719
Net Assets$7,438,077

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2015: $5,869,454Expenses 2015: $5,415,958Net Income 2015: $453,4962015Revenue 2019: $7,716,537Expenses 2019: $7,357,203Net Income 2019: $359,3342019Revenue 2021: $1,437,457Expenses 2021: $3,288,581Net Income 2021: -$1,851,1242021Revenue 2022: $6,651,414Expenses 2022: $6,670,459Net Income 2022: -$19,0452022Revenue 2023: $7,263,697Expenses 2023: $7,723,584Net Income 2023: -$459,8872023Revenue 2024: $8,237,465Expenses 2024: $8,498,993Net Income 2024: -$261,5282024

Highlighted filing

2019

Revenue$7,716,537
Expenses$7,357,203
Net Income$359,334
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 4, 2020
Return Version
2018v3.1
Gross Receipts
$7,853,165
Mission and Program Overview

Mission

The society for the advancement of material and process engineering (sampe) provides the global forum for information, education and professional fellowship for those who define the leading edge and application of materials and processes advancement.

SEE PART III LINE 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,018,842$5,353,003▲ $334,161
Savings and Temporary Cash Investments$742,394$2,811,418▲ $2,069,024
Cash and Non-Interest-Bearing Accounts$4,165,588$2,755,747▼ $1,409,841
Prepaid Expenses and Deferred Charges$239,004$239,572▲ $568
Land, Buildings, and Equipment, Net$89,877$76,385▼ $13,492
Accounts Receivable$10,758$48,426▲ $37,668
Inventories for Sale or Use$6,728$3,998▼ $2,730
Total Assets$10,875,709$11,305,796▲ $430,087
Other Assets Total$602,518$17,247▼ $585,271
Liabilities
Deferred Revenue$3,384,491$3,397,389▲ $12,898
Accounts Payable and Accrued Expenses$557,339$470,330▼ $87,009
Total Liabilities$3,941,830$3,867,719▼ $74,111
Net Assets / Fund Balance
Unrestricted Net Assets$6,933,879$7,438,077▲ $504,198
Total Net Assets Fund Balance$6,933,879$7,438,077▲ $504,198
Total Liabilities and Net Assets / Fund Balance$10,875,709$11,305,796▲ $430,087

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$66,097$230,929$297,026
Leasehold Improvements$10,288$13,453$23,741
Other Securities$5,353,003--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregg BalkoCEOFT$226,452$88,668$315,120
Junior PavonBusiness Development ManagFT$69,934$152,141$222,075
Michael KeiltyDirector of FinanceFT$115,490$6,220$121,710

Board Members and Trustees

NameTitle
Ben DietschImmediate Past President
Karin AndersonPresident
John RussellExecutive Vice President
Timothy ShaughnessyVice President
Jerome BergSecretary
Scott StephensonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Acma50% Share Of Camx Profits2000 N 15TH ST STE 250, Arlington, VA 22201$1,458,880
Bsp Senita Gateway Center LLCOffice Rent - Diamond Bar3501 JAMBOREE RD STE 4200, Newport Beach, CA 92660$187,320
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,201,315
Investment Income
$227,188
Other Revenue
$288,034
Change in Net Assets
$359,334

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,678,862
Revenue Not Reported on Financial Statements
$37,674
Revenue Not Reported on Form 990
$145,025
Total Revenue per Audited Statements
$7,823,887
Total Revenue per Form 990
$7,716,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,008,541
Salaries, Compensation, and Employee Benefits$1,299,345
Grants and Similar Amounts Paid$49,317
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$1,119,790$370,442-$1,490,232
Fees for Services Other$541,098$281,727-$822,825
Other Salaries and Wages$519,856$291,047-$810,903
Occupancy$324,031$83,204-$407,235
Other Expenses$278,883$26,423-$305,306
Advertising$291,672$4,306-$295,978
Current Officers, Directors, Trustees, and Key Employees$86,125$200,960-$287,085
Travel$113,957$33,896-$147,853
Other Employee Benefits$65,840$58,916-$124,756
Payroll Taxes$41,782$34,819-$76,601
Grants to Domestic Individuals$49,317--$49,317
Fees for Service Investment Mgmnt Fees-$37,674-$37,674
Depreciation Depletion$16,544$13,536-$30,080
Insurance$18,469$8,406-$26,875
Total Functional Expenses$5,884,739$1,472,464$0$7,357,203

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,357,203
Total Expenses per Audited Statements$7,319,689
Expenses per Audited Statements$7,319,529
Expenses Not Reported on Financial Statements$37,674
Expenses Not Reported on Form 990$160
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

The organization's board of directors will carefully review the form 990 after its filing and will amend form 990 if there are any significant changes noted.

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

Trustees, directors, officers, and key employees are required annually to disclose any interests that could give rise to a conflict of interest.

Form 990, Part VI, Section B, Line 15

The ceo/executive director compensation is reviewed by a personnel committee consisting of the council president and key officers to determine reasonable compensation. The compensation of other officers and/or key employees is determined by the president, incoming president, and immediate past president.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, financial statements, and other pertinent documents available to the public upon request. The form 990 is available on the guidestar not-for-profit website.

Filing and Contact Details

Filer

Filer Name
Sampe International
EIN
95-6153442
Phone
6265219460
Address
21680 GATEWAY CENTER DRIVE NO 300, DIAMOND BAR, CA 91765-2454

Signing Officer

Name
Gregg Balko
Title
CEO/executive Director
Phone
6265219460
Signed
2020-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregg Balko
Formed
1944
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
16
Volunteers
450

Preparer

Firm
Rossi Llp
Address
400 OCEANGATE SUITE 1000, LONG BEACH, CA 90802
Preparer
Albert Rossi CPA
Phone
5624953325
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside labor: program service expenses 541,098. Management and general expenses 199,840. Fundraising expenses 0. Total expenses 740,938. Legal & accounting: program service expenses 0. Management and general expenses 81,887. Fundraising expenses 0. Total expenses 81,887.

Form 990, Part IX, Line 24E

Meals: program service expenses 229,025. Management and general expenses 55,276. Fundraising expenses 0. Total expenses 284,301. Commissions: program service expenses 209,044. Management and general expenses 62,101. Fundraising expenses 0. Total expenses 271,145. Receptions: program service expenses 178,364. Management and general expenses 20,471. Fundraising expenses 0. Total expenses 198,835. Lodging: program service expenses 104,074. Management and general expenses 88,248. Fundraising expenses 0. Total expenses 192,322. Bank charges: program service expenses 142,003. Management and general expenses 12,632. Fundraising expenses 0. Total expenses 154,635. Telephone: program service expenses 96,897. Management and general expenses 13,518. Fundraising expenses 0. Total expenses 110,415. Printing and publications: program service expenses 23,902. Management and general expenses 54,188. Fundraising expenses 0. Total expenses 78,090. Office supplies: program service expenses 51,513. Management and general expenses 13,752. Fundraising expenses 0. Total expenses 65,265. Dues & subscriptions: program service expenses 23,845. Management and general expenses 16,671. Fundraising expenses 0. Total expenses 40,516. Awards: program service expenses 25,488. Management and general expenses 8,547. Fundraising expenses 0. Total expenses 34,035. Postage and mailing: program service expenses 19,543. Management and general expenses 5,660. Fundraising expenses 0. Total expenses 25,203. Freight: program service expenses 6,187. Management and general expenses 14,130. Fundraising expenses 0. Total expenses 20,317. International education - graduation: program service expenses 7,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,500. Education & seminar: program service expenses 0. Management and general expenses 3,364. Fundraising expenses 0. Total expenses 3,364. Equipment maintenance: program service expenses 917. Management and general expenses 641. Fundraising expenses 0. Total expenses 1,558. Maintenance - building: program service expenses 774. Management and general expenses 634. Fundraising expenses 0. Total expenses 1,408. Utilities: program service expenses 714. Management and general expenses 584. Fundraising expenses 0. Total expenses 1,298. Books & cd roms: program service expenses 0. Management and general expenses 25. Fundraising expenses 0. Total expenses 25.

FORM 990, PART XI, LINE 9:

Income tax expense -160. Rounding -1.

Financial Statement Notes

PART X, LINE 2:

The organization follows the provisions of fasb asc 740-10, income taxes, and accordingly, sampe accounts for uncertain tax positions by recording a liability for unrecognized tax benefits resulting from uncertain tax positions taken, or expected to be taken, in its tax returns. Sampe recognizes the effect of income tax positions only if those positions are more likely than not of being sustained by the appropriate taxing authorities. Sampe does not believe that its financial statements include any uncertain tax positions and accordingly, has not recognized any liability for unrecognized tax benefits in the accompanying financial statements.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

INCOME TAX EXPENSE

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IRS990/MissionDesc0THE SOCIETY FOR THE ADVANCEMENT OF MATERIAL AND PROCESS ENGINEERING (SAMPE) PROVIDES THE GLOBAL FORUM FOR INFORMATION, EDUCATION AND PROFESSIONAL FELLOWSHIP FOR THOSE WHO DEFINE THE LEADING EDGE AND APPLICATION OF MATERIALS AND PROCESSES ADVANCEMENT.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt07438077
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-6564
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IRS990/OccupancyGrp/ManagementAndGeneralAmt083204
IRS990/OccupancyGrp/ProgramServicesAmt0324031
IRS990/OccupancyGrp/TotalAmt0407235
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IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt017247
IRS990/OtherChangesInNetAssetsAmt0-161
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt058916
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt065840
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0124756
IRS990/OtherExpensesGrp/Desc0COMMITTEE SPONSORSHIP
IRS990/OtherExpensesGrp/Desc1EQUIPMENT RENTALS
IRS990/OtherExpensesGrp/Desc2DECORATOR COSTS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1298
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt226423
IRS990/OtherExpensesGrp/ProgramServicesAmt01676274
IRS990/OtherExpensesGrp/ProgramServicesAmt1383731
IRS990/OtherExpensesGrp/ProgramServicesAmt2357370
IRS990/OtherExpensesGrp/ProgramServicesAmt3278883
IRS990/OtherExpensesGrp/TotalAmt01676274
IRS990/OtherExpensesGrp/TotalAmt1410541
IRS990/OtherExpensesGrp/TotalAmt2357668
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IRS990/OtherRevenueTotalAmt0288034
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IRS990/PayrollTaxesGrp/TotalAmt076601
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0239004
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IRS990/PrincipalOfficerNm0GREGG BALKO
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IRS990/ProgramServiceRevenueGrp/Desc0EXHIBITS
IRS990/ProgramServiceRevenueGrp/Desc1CONFERENCES & SEMINARS
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc3MEMBERSHIP SERVICES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1572687
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1572687
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2210913
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3151639
IRS990/ProgSrvcAccomActy2Grp/Desc0THE SAMPE JOURNAL IS A BI-MONTHLY PUBLICATION FEATURING TECHNICAL ARTICLES, EDITORIAL FEATURES AND INDUSTRY NEWS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0516543
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0229181
IRS990/ProgSrvcAccomActy3Grp/Desc0OTHER SMALLER PROGRAMS CONSISTENT WITH SAMPE'S MISSION
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt064570
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0145431
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
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IRS990/PYInvestmentIncomeAmt0231079
IRS990/PYOtherExpensesAmt05667402
IRS990/PYOtherRevenueAmt0295231
IRS990/PYProgramServiceRevenueAmt06958477
IRS990/PYRevenuesLessExpensesAmt0595656
IRS990/PYSalariesCompEmpBnftPaidAmt01183059
IRS990/PYTotalExpensesAmt06889131
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07484787
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0359334
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06838600
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0742394
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02811418
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2018 AMOUNT: $ 11,897.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0231079
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0179969
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt049575
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0427981
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01122356
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt07201315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt06958476
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt06496044
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt06356475
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05644869
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt032657179
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0233752
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0231079
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0179969
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt049575
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0427981
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01122356
IRS990ScheduleA/InvestmentIncomeCYPct00.03330
IRS990ScheduleA/InvestmentIncomePYPct00.05700
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt0-11815
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt0-27765
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt0-9289
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0-48869
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt011897
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96780
IRS990ScheduleA/PublicSupportPY509Pct00.89630
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt07201315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt06958476
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt06356475
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05644869
IRS990ScheduleA/Total509Grp/TotalAmt032657179
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07435149
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt06406050
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt033742563
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/ExpensesNotReportedAmt0160
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IRS990ScheduleD/ExpensesSubtotalAmt07319529
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt013453
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt023741
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0145025
IRS990ScheduleD/OtherExpensesIncludedAmt0160
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt05353003
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt037674
IRS990ScheduleD/RevenueSubtotalAmt07678862
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC 740-10, INCOME TAXES, AND ACCORDINGLY, SAMPE ACCOUNTS FOR UNCERTAIN TAX POSITIONS BY RECORDING A LIABILITY FOR UNRECOGNIZED TAX BENEFITS RESULTING FROM UNCERTAIN TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS TAX RETURNS. SAMPE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPROPRIATE TAXING AUTHORITIES. SAMPE DOES NOT BELIEVE THAT ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND ACCORDINGLY, HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME TAX EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:

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