Rochester Engineering Society Inc
- Assets
- $294.2k
- Revenue
- $137.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Rochester, NY
- Founding
- 04/1951
- Data as of
- 05/2022
- EIN
- 16-0743133
Organization Overview
Rochester Engineering Society Inc is located in Rochester, NY. The organization was established in 1951. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Engineering Society 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 05/2022, Rochester Engineering Society Inc generated $137.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $103.8k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 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
BECOME THE LEAD ORGANIZATION FOR IMPROVING THE IMAGE AND INFLUENCE OF THE ENGINEERING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISH THE ROCHESTER ENGINEER MAGAZINE. THIS MONTHLY PUBLICATION CONTAINS NOTICES OF COURSES, SEMINARS, AND CAREER UPDATE PROGRAMS. THIS MAGAZINE IS DISTRIBUTED TO THE RES MEMBERSHIP AND AFFILIATE MEMBERS. IT IS OUR MAIN SOURCE OF COMMUNICATION TO THE MEMBERSHIP AND AN ADVERTISING VEHICLE. EACH ISSUE IS POSTED TO OUR WEBSITE.
RENT FACILITIES FOR THE ROCHESTER ENGINEERS' CENTER, MAINTENANCE, TELEPHONE/FAX, WEBSITE, OFFICE SUPPLIES. THE RES LOCATES IT'S OFFICE AT THE ROCHESTER MUSEUM AND SCIENCE CENTER. IT HOLDS BOARD MEETINGS HERE MONTHLY AND PERIODICALLY HAS GENERAL MEETINGS, TRAINING PROGRAMS, AND NETWORKING ACTIVITIES THERE. THE RELATIONSHIP WITH THE MUSEUM IS CONSISTENT WITH THEIR DESIRE FOR A DEEPER STEM INITIATIVE AND A GOOD PARTNERSHIP FOR OUTREACH AND VOLUNTEERISM FOR OUR PROGRAMS.
SUPPORT OUR AFFILIATE ORGANIZATIONS IN SUCCESSFUL OFFERING OF THEIR PROFESSIONAL DEVELOPMENT AND OUTREACH EVENTS. THE ORGANIZATION PROVIDES SUPPORT BY POSTING INFORMATION ABOUT THE ANNUAL FALL BRIDGE ENGINEERS CONFERENCE ON THE THE ORGANIZATION'S WEBSITE, PROVIDING A CONFERENCE REGISTRATION PORTAL, ADMINISTRATIVE SUPPORT, AND CREATING A CONFERENCE BOOKLET. THE ORGANIZATION SOLICITS APPLICATIONS FOR SCHOLARSHIPS, ADMINISTERS THE PROCESS, DETERMINES THE RECIPIENTS AND AWARDS THE SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne M Irwin Administrative Director | Officer | 40 | $37,263 |
Michelle Sommerman Pe 1st Vice President | OfficerTrustee | 1.9 | $0 |
Greg Gdowski PHD President | OfficerTrustee | 2.9 | $0 |
Joseph Dombrowski Pe Immediate Past President | OfficerTrustee | 2.4 | $0 |
Dennis Roote Pe 2nd Vice President/treasurer | OfficerTrustee | 2.9 | $0 |
Neal Illenberg Pe Director | Trustee | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,962 |
| Total Program Service Revenue | $57,810 |
| Investment income | $18,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $49,687 |
| Compensation of current officers, directors, key employees. | $6,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,827 |
| Fees for services: Other | $4,837 |
| Advertising and promotion | $0 |
| Office expenses | $6,204 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $780 |
| All other expenses | $2,337 |
| Total functional expenses | $103,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,583 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $325 |
| 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 | $0 |
| Investments—publicly traded securities | $267,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $294,159 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $406 |
| Total liabilities | $406 |
| Net assets without donor restrictions | $293,753 |
| Net assets with donor restrictions | $0 |
| 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 | $294,159 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rochester Engineering Society Inc has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: GENERAL SUPPORT | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Financial Management Association Princeton, NJ | $11,734,249 | $6,816,166 |
G R Robert Construction Co Inc Usw Welfare Tr Fund Farmingdale, NJ | $3,505,634 | $4,353,086 |
Heavy Construction Industry Fund New York, NY | $24,457,135 | $4,942,939 |
Fab Foundation Boston, MA | $3,602,930 | $3,603,989 |
Society Of Plastics Engineers Inc Danbury, CT | $7,877,326 | $3,851,885 |
Turner Construction Company Foundation Montvale, NJ | $361,662 | $2,624,047 |
International Union Of Operating Engineers-98 Southwick, MA | $1,494,223 | $1,781,462 |
Construction Industries Of Massachusetts Inc Norwood, MA | $1,576,063 | $1,804,804 |
Engineering Center Education Trust Boston, MA | $2,342,937 | $1,311,012 |
American Federation Of Labor And Congress Of Industrial Orgs Dorchester, MA | $985,622 | $961,996 |
Construction Contractors Assn Of The Hudson Valley Inc Newburgh, NY | $1,019,153 | $947,733 |
Construction Exchange Of Buffalo Western New York Buffalo, NY | $2,118,263 | $1,098,271 |