SOCIETY OF NAVAL ARCHITECTS AND MARINE ENGINEERS Charity Report

Public IRS 990 nonprofit record

SOCIETY OF NAVAL ARCHITECTS AND MARINE ENGINEERS

EIN 13-5631379 · Public & Societal Benefit (W30Z)

What they do

THE MISSION of THE SOCIETY is to ADVANCE THE ART, SCIENCE and PRACTICE of NAVAL ARCHITECTURE, MARINE ENGINEERING, OCEAN ENGINEERING and OTHER MARINE-RELATED PROFESSIONS THROUGH:* THE GLOBAL EXCHANGE of KNOWLEDGE and IDEAS RELATIVE to THE MARINE INDUSTRY* EDUCATION IN ENGINEERING AS IT RELATES to THE MARINE INDUSTRY* ENCOURAGING and SPONSORING RESEARCH and DEVELOPMENT IN NAVAL ARCHITECTURE, MARINE ENGINEERING, OCEAN ENGINEERING and OTHER MARINE FIELDS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $67.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

82.24%of revenue went to mission work67.9% of expenses · Program services

$121.18spent for every $100 of revenueSpending was higher than revenue this year.

38.94%of revenue went to management and office costs32.1% of expenses

$7.78in assets for every $1 spent this yearSome assets cannot be spent right away.

10.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $512,668 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $92,308 for ELIZABETH BOUCHARD (EXECUTIVE DIRECTOR (AS OF 07/01/24)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,419,977

Mission workProgram services$1,990,22382.24% of revenue67.9% of expenses

ManagementOffice and general costs$942,42238.94% of revenue32.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$2,932,645121.18% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 67.9% mission · 32.1% management · 0.0% fundraisingTotal expenses: 121.18% of revenue

2023Expense mix: 67.6% mission · 32.4% management · 0.0% fundraisingTotal expenses: 101.93% of revenue

2022Expense mix: 67.5% mission · 32.5% management · 0.0% fundraisingTotal expenses: 288.83% of revenue

2021Expense mix: 71.8% mission · 28.2% management · 0.0% fundraisingRevenue comparison unavailable

2020Expense mix: 66.9% mission · 33.1% management · 0.0% fundraisingTotal expenses: 163.09% of revenue

2019Expense mix: 71.1% mission · 28.9% management · 0.0% fundraisingTotal expenses: 129.94% of revenue

2018Expense mix: 70.9% mission · 29.1% management · 0.0% fundraisingTotal expenses: 125.91% of revenue

2017Expense mix: 62.1% mission · 37.9% management · 0.0% fundraisingTotal expenses: 104.77% of revenue

Money in and money out

Revenue$2,419,977

Expenses$2,932,645

Annual shortfall $512,668 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,990,223 · 67.9% of expenses

Management and office costs$942,422 · 32.1% of expenses

See all reported dollar amounts

Revenue$2,419,977

Expenses$2,932,645

Assets$22,828,848

Income$2,419,977

Contributions$262,963

Mission work (program services)$1,990,223

Management and general$942,422

Stocks and bonds$20,082,166

Accounting fees$46,971

Investing fees$106,027

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ELIZABETH BOUCHARDEXECUTIVE DIRECTOR (AS OF 07/01/24) · 40 hrs/week $92,308

VALERIE HUTNANEXECUTIVE DIRECTOR (THRU 07/24/24) · 40 hrs/week $41,385Base $40,180 · Other $1,205

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

ELIZABETH BOUCHARDEXECUTIVE DIRECTOR (AS OF 07/01/24)

VALERIE HUTNANEXECUTIVE DIRECTOR (THRU 07/24/24)

JOHN DAIDOLAFVP TECHNICAL & RESEARCH

ZACHARY SCHRAMMJRVP PACIFIC

THEODOROS KARDARASYP ALTERNATE

RODRIGO PEREZ FERNANDEZJRVP EUROPE & MIDDLE EAST

RICK SPAULDINGIMMEDIATE PAST PRESIDENT

RICHARD MUELLERPRESIDENT

PAUL JACKSONFVP EDUCATION ALTERNATE

NICK HUNTERFVP MEMBERSHIP ALTERNATE

MATT UNGERJRVP CENTRAL & GULF

MATT COLLETTEFVP EDUCATION

MARGARET NATEJRVP ATLANTIC SOUTH

LYN TRANSSC ALTERNATE

KEITH LILLEYJRVP INTERNATIONAL

ANDREW KENDRICKPAST PRESIDENT

JACK BONOLIYP REPRESENTATIVE

GLENN WALTERSFVP MEMBERSHIP

GIL ROMANOTREASURER

GEORGE WILLIAMSJRVP ATLANTIC NORTH

EVAN SIRIANNISSC CHAIR

ED STOKESFVP FINANCE

DIMITRIOS DIKOSSSC CHAIR

DAVID HANSCHJRVP ATLANTIC SOUTH

CRAIG TULKFVP KNOWLEDGE MANAGEMENT

BILL COWARDINFVP PLANNING

BARBARA LAMBFVP PLANNING ALTERNATE

About this charity

Recognized since: January 1938
Location: 99 CANAL CENTER PLZ STE 500, ALEXANDRIA, VA 22314-5504
County: City of Alexandria
In care of: ELIZABETH BOUCHARD
Primary officer: ELIZABETH BOUCHARD, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailsname@sname.org Phone(703) 997-6713

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: SIKICH LLC
NTEE classification: Public & Societal Benefit (W30Z)