TY 2021 Form 990 Schedule O

efile Public Visual Render ObjectId: 202322229349301562 - Submission: 2023-08-10 TIN: 74-2338444

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

Society for Mining Metallurgy and
Exploration Inc

Employer identification number

74-2338444

Return Reference	Explanation
Form 990, Part VI, Section A, line 6	The organization has three classes of membership: Professional members, Registered members, and Student members. Professional and Registered members are entitled to vote on the election of directors and the amendment of governing documents. Student members do not have voting rights.
Form 990, Part VI, Section A, line 7a	Directors may be nominated by the Board or by petition of the members of SME. If more than one candidate is nominated for an open position, the individual receiving the most affirmative votes of members is deemed to be elected.
Form 990, Part VI, Section A, line 7b	Members have the authority to take matters to a vote at meetings as decided by the Members. Members may also take action to amend the governing documents of the Society.
Form 990, Part VI, Section B, line 11b	Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.
Form 990, Part VI, Section B, line 12	Board members receive a copy of the organization's Conflict of Interest Policy as part of their board introduction packet and disclose potential conflicts of interest upon joining the board. Any conflicts thereafter are disclosed as they become known. Board members lacking independence on an issue withdraw themselves from the decision-making process.
Form 990, Part VI, Section B, line 15	Compensation offered to the organization's Executive Director is established by an independent third party consultant. This consultant conducts a study of similar organizations in similar industries when determining appropriate salary and benefits for the position. Independent members of the board discuss and approve the compensation package, and a written employment contract is put into place. This process take place on an annual basis. The board of Directors entrusts the Executive Director with determining compensation for other officers of the organization. Compensation of officers is based on comparability studies of similar positions within the industry. This process takes place on an annual basis.
Form 990, Part VI, Section C, line 19	The governing documents, conflict of interest policy and financial statements are available upon request.

Return Reference

Explanation

Form 990, Part VI, Section A, line 6

The organization has three classes of membership: Professional members, Registered members, and Student members. Professional and Registered members are entitled to vote on the election of directors and the amendment of governing documents. Student members do not have voting rights.

Form 990, Part VI, Section A, line 7a

Directors may be nominated by the Board or by petition of the members of SME. If more than one candidate is nominated for an open position, the individual receiving the most affirmative votes of members is deemed to be elected.

Form 990, Part VI, Section A, line 7b

Members have the authority to take matters to a vote at meetings as decided by the Members. Members may also take action to amend the governing documents of the Society.

Form 990, Part VI, Section B, line 11b

Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.

Form 990, Part VI, Section B, line 12

Board members receive a copy of the organization's Conflict of Interest Policy as part of their board introduction packet and disclose potential conflicts of interest upon joining the board. Any conflicts thereafter are disclosed as they become known. Board members lacking independence on an issue withdraw themselves from the decision-making process.

Form 990, Part VI, Section B, line 15

Compensation offered to the organization's Executive Director is established by an independent third party consultant. This consultant conducts a study of similar organizations in similar industries when determining appropriate salary and benefits for the position. Independent members of the board discuss and approve the compensation package, and a written employment contract is put into place. This process take place on an annual basis. The board of Directors entrusts the Executive Director with determining compensation for other officers of the organization. Compensation of officers is based on comparability studies of similar positions within the industry. This process takes place on an annual basis.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy and financial statements are available upon request.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

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