Institute Of Industrial And Systems Engineers Inc
- Assets
- $4.8m
- Revenue
- $4.2m
- Investments
- $10.0k
- Employees
- 22
- Location
- Norcross, GA
- Founding
- 05/1963
- Data as of
- 03/2022
- EIN
- 13-1926850
Organization Overview
Institute Of Industrial And Systems Engineers Inc is located in Norcross, GA. The organization was established in 1963. 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 03/2023, Institute Of Industrial And Systems Engineers Inc employed 22 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Institute Of Industrial And Systems Engineers Inc 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 03/2022, Institute Of Industrial And Systems Engineers Inc generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $4.7m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE KNOWLEDGE, TRAINING, NETWORKING OPPORTUNITIES AND RECOGNITION TO ENHANCE THE SKILLS AND EFFECTIVENESS OF THE INDUSTRIAL AND SYSTEMS ENGINEERING PROFESSION AND THOSE INDIVIDUALS INVOLVED WITH IMPROVING QUALITY AND PRODUCTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES & SEMINARS - FOUR CONFERENCES AND 146 SEMINARS SERVING 4,774 ATTENDEES PROMOTING INDUSTRIAL AND SYSTEMS ENGINEERING.
MEMBER SERVICES - ASSIST ALL MEMBERS (20,632) IN THE DISSEMINATION OF EDUCATIONAL INFORMATION SUCH AS PERIODICALS, BOOKS, CONFERENCES, SEMINARS AND TECHNICAL REFERRALS SO AS TO ADVANCE THE PROFESSIONAL NEEDS OF THE INDUSTRIAL AND SYSTEMS ENGINEERING COMMUNITY. AS PART OF MEMBER SERVICES, THE ORGANIZATION ALSO ISSUED THE FOLLOWING PUBLICATIONS PROMOTING INDUSTRIAL AND SYSTEMS ENGINEERING: ISE MAGAZINE (MONTHLY, CIRCULATION 5,835), INDUSTRIAL MANAGEMENT (6/YEAR, CIRCULATION 382), ENGINEERING ECONOMIST (QUARTERLY, CIRCULATION 71), TRANSACTIONS (MONTHLY, CIRCULATION 52), TRANSACTIONS ON HEALTHCARE SYSTEMS ENGINEERING (QUARTERLY, CIRCULATION 50), TRANSACTIONS ON OCCUPATIONAL ERGONOMICS (QUARTERLY, CIRCULATION 241).
VARIOUS OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Mewborn President | OfficerTrustee | 1 | $0 |
Eileen Van Aken President-Elect | Trustee | 1 | $0 |
Bopaya Bidanda Immediate Past President | Trustee | 1 | $0 |
Janis Terpenny Sr. VP - Academic | Trustee | 1 | $0 |
Young-Jun Son Sr. VP - Continuing Education | Trustee | 1 | $0 |
Renee Thiesing Sr. VP - Industry | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lsc Communications Us Llc Publisher | 3/30/23 | $103,074 |
Duane Harder Audio Visual Audio Visual | 3/30/23 | $279,988 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $402,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,812 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $481,579 |
| Total Program Service Revenue | $3,410,507 |
| Investment income | $119,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119,758 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,186,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $88,750 |
| 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 | $604,000 |
| Other salaries and wages | $1,431,254 |
| Pension plan accruals and contributions | $33,754 |
| Other employee benefits | $290,808 |
| Payroll taxes | $142,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,792 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,563 |
| Fees for services: Other | $50,060 |
| Advertising and promotion | $0 |
| Office expenses | $175,135 |
| Information technology | $151,314 |
| Royalties | $0 |
| Occupancy | $275,476 |
| Travel | $15,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,038,368 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,375 |
| Insurance | $9,835 |
| All other expenses | $0 |
| Total functional expenses | $4,726,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,242,386 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $235,396 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,452 |
| Prepaid expenses and deferred charges | $143,254 |
| Net Land, buildings, and equipment | $421,548 |
| Investments—publicly traded securities | $2,704,524 |
| Investments—other securities | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,759,560 |
| Accounts payable and accrued expenses | $1,096,675 |
| Grants payable | $101,034 |
| Deferred revenue | $1,376,784 |
| 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 | $477,900 |
| Other liabilities | $186,148 |
| Total liabilities | $3,238,541 |
| Net assets without donor restrictions | $438,725 |
| Net assets with donor restrictions | $1,082,294 |
| 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 | $4,759,560 |