The New York State Society Of Professional Engineers Inc
- Assets
- $660.5k
- Revenue
- $498.0k
- Investments
- $393.7k
- Employees
- 4
- Location
- Albany, NY
- Founding
- 03/1994
- Data as of
- 06/2021
- EIN
- 13-1101548
Organization Overview
The New York State Society Of Professional Engineers Inc is located in Albany, NY. The organization was established in 1994. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 06/2021, New York State Society Of Professional Engineers Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York State Society Of Professional Engineers Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, New York State Society Of Professional Engineers Inc generated $498.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $512.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE INTERESTS OF PROFESSIONAL ENGINEERS THROUGHOUT THE STATE, MAINTAIN HIGH ETHICAL STANDARDS WITHIN THE PROFESSION, AND PROTECT THE PROFESSIONAL LICENSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCING THE INTERESTS OF PROFESSIONAL ENGINEERS THROUGHOUT THE STATE, MAINTAINING HIGH ETHICAL STANDARDS WITHIN THE PROFESSION, AND PROTECTING THE PROFESSIONAL LICENSE, WHICH IS ACCOMPLISHED BY PROVIDING CONTINUING EDUCATION, ADVOCACY, THE NY PROFESSIONAL ENGINEER MAGAZINE AND OTHER EDUCATIONAL MATERIAL. THE ORGANIZATION PROVIDES SERVICES TO OVER 2,200 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Pasaturo President | OfficerTrustee | 5 | $0 |
Andrew Yarmus President Elect | OfficerTrustee | 5 | $0 |
Laura Pellizzi Treasurer | OfficerTrustee | 5 | $0 |
John Sucharski Assistant Treasurer | OfficerTrustee | 2 | $0 |
Ernest Gailor Vice Pres-Northeast Region | OfficerTrustee | 2 | $0 |
David Macedonio Vice President - Long Isla | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,860 |
| Total Program Service Revenue | $446,754 |
| Investment income | $12,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,678 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $498,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,550 |
| Pension plan accruals and contributions | $4,372 |
| Other employee benefits | $34,409 |
| Payroll taxes | $15,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $368 |
| Advertising and promotion | $0 |
| Office expenses | $8,943 |
| Information technology | $633 |
| Royalties | $0 |
| Occupancy | $36,111 |
| Travel | $1,475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,853 |
| Interest | $39 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,848 |
| Insurance | $3,879 |
| All other expenses | $0 |
| Total functional expenses | $512,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,683 |
| Savings and temporary cash investments | $145,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $769 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $393,697 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,750 |
| Total assets | $660,530 |
| Accounts payable and accrued expenses | $35,209 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $108,974 |
| Total liabilities | $144,183 |
| Net assets without donor restrictions | $395,901 |
| Net assets with donor restrictions | $120,446 |
| 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 | $660,530 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Computing Machinery Inc New York, NY | $180,885,528 | $72,176,631 |
Sae International Warrendale, PA | $105,397,806 | $68,054,861 |
New York Academy Of Sciences New York, NY | $16,349,796 | $18,722,535 |
American Meteorological Society Boston, MA | $23,955,564 | $17,020,268 |
Illuminating Engineering Society New York, NY | $18,835,076 | $5,095,869 |
Minerals Metals & Materials Society Inc Pittsburgh, PA | $11,544,301 | $7,904,003 |
Acoustical Society Of America Melville, NY | $27,852,210 | $5,622,240 |
Electrochemical Society Inc Pennington, NJ | $20,353,455 | $3,651,549 |
Explorers Club New York, NY | $15,490,739 | $4,443,470 |
Igem Foundation Inc Cambridge, MA | $4,229,953 | $5,084,700 |
Society Of Cosmetic Chemists New York, NY | $2,038,387 | $1,831,767 |
Guild Of Future Architects Foundation West Th Street, NY | $810,502 | $1,697,027 |