Engineering Center Education Trust
- Assets
- $2.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Boston, MA
- Founding
- 08/1990
- Data as of
- 06/2022
- EIN
- 04-3066699
Organization Overview
Engineering Center Education Trust is located in Boston, MA. The organization was established in 1990. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 06/2022, Engineering Center Education Trust employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Engineering Center Education Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Engineering Center Education Trust generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ENGINEERING CENTER EDUCATION TRUST WAS ESTABLISHED FOR CHARITABLE AND EDUCATIONAL PURPOSES RELATED TO ENGINEERING AND LAND SURVEYING INCLUDING BUT NOT LIMITED TO PROVIDING A PERMANENT SPACE FOR MEETING ROOMS IN WHICH EDUCATIONAL PROGRAMS WILL BE HELD, A RESEARCH LIBRARY AND TECHNICAL RESOURCE CENTER AND AN EXHIBITION AREA IN WHICH THE WORKS OF ENGINEERS AND ALLIED PROFESSIONALS WILL BE DISPLAYED. IN ADDITION, THE TRUST IS ENGAGED IN THE SPONSORSHIP AND FUNDING OF LECTURES, SEMINARS, AND CONFERENCES, JOURNALS AND OTHER PUBLICATIONS FOR THE CONTINUING PROFESSIONAL EDUCATION OF ENGINEERS AND LAND SURVEYORS.
Describe the Organization's Program Activity:
THE ENGINEERING CENTER EDUCATION TRUST IS THE STEWARD FOR THE PHILLIPS-WINTHROP HOUSE AT ONE WALNUT STREET, WHICH PROVIDES A SPACE FOR THE COMMUNITY OF ENGINEERS, SURVEYORS, AND ALLIED PROFESSIONALS TO GATHER FOR CONTINUING PROFESSIONAL EDUCATION THROUGH LECTURES, CONFERENCES, AND SEMINARS.
THE ENGINEERING CENTER EDUCATION TRUST PROVIDED TWO $2,500 SCHOLARSHIPS AND A $10,000 SCHOLARSHIP TO THREE SENIOR HIGH SCHOOL STUDENTS ENROLLING IN AN ENGINEERING PROGRAM IN COLLEGE. THESE AMOUNTS INCLUDE PARKING REIMBURSEMENTS OF $15.
THE ENGINEERING CENTER EDUCATION TRUST CONTRIBUTES TO THE PROMINENCE OF THE ENGINEERING AND LAND SURVEYING ORGANIZATIONS BY PROVIDING ADMINISTRATIVE SERVICES TO VARIOUS TAX EXEMPT ENGINEERING ORGANIZATIONS IN NEW ENGLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph G Vozzella Trustee | Trustee | 1 | $0 |
David A Bohn Trustee | Trustee | 1 | $0 |
Carlos G Pena Trustee | Trustee | 1 | $0 |
Michael Scipione Trustee | Trustee | 1 | $0 |
Reed M Brockman Trustee | Trustee | 1 | $0 |
Brian Koczela Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $157,902 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,098 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,000 |
| Total Program Service Revenue | $1,003,806 |
| Investment income | $1,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $85,095 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$28,081 |
| Net Income from Gaming Activities | $4,610 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,292,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,041 |
| Compensation of current officers, directors, key employees. | $156,932 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $569,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,248 |
| Payroll taxes | $50,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,061 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,087 |
| Office expenses | $37,554 |
| Information technology | $80,225 |
| Royalties | $0 |
| Occupancy | $127,760 |
| Travel | $2,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,869 |
| Interest | $20 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,480 |
| Insurance | $0 |
| All other expenses | $40,400 |
| Total functional expenses | $1,223,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,281 |
| Savings and temporary cash investments | $219,944 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $47,946 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,998,620 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,967 |
| Total assets | $2,520,758 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,292,218 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,725 |
| Total liabilities | $1,295,943 |
| Net assets without donor restrictions | $1,204,815 |
| Net assets with donor restrictions | $20,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,520,758 |