Practicing Institute Of Engineering
- Assets
- $280.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 09/1981
- Data as of
- 06/2021
- EIN
- 22-2364349
Organization Overview
Practicing Institute Of Engineering is located in Albany, NY. The organization was established in 1981. 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. Practicing Institute Of Engineering 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 06/2021, Practicing Institute Of Engineering generated $92.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $94.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO OFFER COURSES OF INSTRUCTION, LECTURES AND SEMINARS FOR MEMBERS OF THE ENGINEERING PROFESSION, ENGINEERING SCHOOL GRADUATES AND ANCILIARY DESIGN PROFESSIONALS AND OTHER QUALIFIED PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Esposito VP Quality Assurance | 1 | $0 | |
Holger Lukas VP Accreditation | 1 | $0 | |
Neal J Illenberg VP Operations | 1 | $0 | |
John Sucharski III President | 1 | $0 | |
Joseph C Burruano Secretary | 1 | $0 | |
Laura Pellizzi Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $73,589 |
| Membership dues | $8,100 |
| Investment income | $3,676 |
| Gain or Loss | $7,027 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92,392 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $161 |
| Other expenses | $85,389 |
| Total expenses | $94,200 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $91,763 |
| Other assets | $0 |
| Total assets | $280,701 |
| Total liabilities | $116 |
| Net assets or fund balances | $280,585 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Practicing Institute Of Engineering has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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 |