Project Management Institute Inc is located in Newtown Square, PA. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Project Management Institute Inc employed 518 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Project Management Institute 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 12/2021, Project Management Institute Inc generated $329.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $282.2m during the year ending 12/2021. While expenses have increased by 9.3% 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.
Since 2015, Project Management Institute Inc has awarded 18 individual grants totaling $33,398,429. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFICATIONS - IN AN INCREASINGLY PROJECTIZED WORLD, PMI PROFESSIONAL CERTIFICATION ENSURES PROFESSIONALS ARE READY TO MEET THE DEMANDS OF PROJECTS AND EMPLOYERS ACROSS THE GLOBE. RECOGNIZED BY ORGANIZATIONS AND GOVERNMENTS AROUND THE WORLD, PMI CERTIFICATIONS PROVIDE THE OPPORTUNITY FOR PROJECT MANAGEMENT PRACTITIONERS TO DEMONSTRATE THEIR ACCOMPLISHMENTS THROUGH THE RIGOROUS EXAMINATION PROCESS. DEVELOPED BY PRACTITIONERS FOR PRACTITIONERS, PMI CERTIFICATIONS ARE BASED ON RIGOROUS STANDARDS AND ONGOING RESEARCH TO MEET THE REAL-WORLD NEEDS OF ORGANIZATIONS. WITH A PMI CERTIFICATION, PROFESSIONAL CAN WORK IN VIRTUALLY ANY INDUSTRY, ANYWHERE IN THE WORLD, AND WITH ANY PROJECT MANAGEMENT METHODOLOGY. WHEREVER A PROFESSIONAL IS IN THEIR CAREER, PMI HAS A CERTIFICATION. PMI'S GLOBALLY RECOGNIZED PROJECT MANAGEMENT PROFESSIONAL (PMP) CERTIFICATION IS THE MOST COVETED PROJECT MANAGEMENT CERTIFICATION, WITH NEARLY 1.4 MILLION PMP CERTIFICATION HOLDERS AROUND THE WORLD AS OF DECEMBER 2021. PMI ALSO OFFERS OTHER SPECIFIC CERTIFICATIONS, INCLUDING THE PMI PROFESSIONAL IN BUSINESS ANALYSIS (PMI-PBA), PROGRAM MANAGEMENT PROFESSIONAL (PGMP), PORTFOLIO MANAGEMENT PROFESSIONAL (PFMP), PMI RISK MANAGEMENT PROFESSIONAL (PMI-RMP), AND PMI SCHEDULING PROFESSIONAL (PMI-SP). PMI ALSO CERTIFIES NEWER PROJECT MANAGEMENT PRACTITIONERS THROUGH ITS CERTIFIED ASSOCIATE IN PROJECT MANAGEMENT (CAPM) CERTIFICATION. OVERALL, PMI YIELDED MORE THAN 1.4 MILLION GROSS CERTIFICATIONS AS OF DECEMBER 2021.
MEMBERSHIP - PMI IS THE WORLD'S LEADING ASSOCIATION FOR THE PROJECT MANAGEMENT PROFESSION, WITH MORE THAN 686,000 TOTAL MEMBERS IN MORE THAN 215 COUNTRIES AND TERRITORIES. PMI WORKS IN NEARLY EVERY COUNTRY AROUND THE WORLD TO ADVANCE CAREERS, IMPROVE ORGANIZATIONAL SUCCESS AND FURTHER MATURE THE PROJECT MANAGEMENT PROFESSION. MEMBERS HAVE ACCESS TO GLOBALLY-RECOGNIZED STANDARDS AND CERTIFICATIONS, COMMUNITIES, RESOURCES, TOOLS, ACADEMIC RESEARCH, EVENTS, PUBLICATIONS, PROFESSIONAL DEVELOPMENT COURSES, AND NETWORKING OPPORTUNITIES. ADDITIONALLY, MEMBERS RECEIVE DISCOUNTS ON PMI CREDENTIAL EXAMS AND CERTIFICATION RENEWAL FEES.
EVENTS AND SEMINARS - PMI HOSTS NUMEROUS TYPES OF EVENTS TO BRING TOGETHER PRACTITIONERS FROM AROUND THE WORLD TO NETWORK AND ENHANCE THEIR KNOWLEDGE OF PROJECT MANAGEMENT. THIS INCLUDES ANNUAL CONGRESSES IN EUROPE, AFRICA AND THE MIDDLE EAST (EMEA); SMALLER REGIONAL EVENTS IN ASIA PACIFIC AND LATIN AMERICAN; AS WELL AS REGULAR IN-DEPTH SEMINARS CALLED SEMINARSWORLD. AT PMIS ANNUAL GLOBAL CONFERENCE IN NORTH AMERICA, THOUSANDS OF PROJECT AND PROGRAM MANAGERS, CHAPTER LEADERS, AND BUSINESS PROFESSIONALS FROM AROUND THE WORLD COME TOGETHER TO SHARE KNOWLEDGE, STRENGTHEN COMMUNITY AND LEAD THE EVOLUTION OF THE PROJECT MANAGEMENT PROFESSION. ADDITIONALLY, PMI ANNUALLY HOSTS ITS PMO SYMPOSIUM, A MUST-ATTEND EVENT FOR PROGRAM, PORTFOLIO, PMO AND ORGANIZATIONAL PROJECT MANAGEMENT LEADERS RESPONSIBLE FOR THE SUCCESS OF THEIR ORGANIZATION'S KEY INITIATIVES. THE THREE-DAY EVENT SYMPOSIUM PROVIDES ATTENDEES WITH ACCESS TO PMO EXPERTS SO THAT THEY CAN LEARN, NETWORK, AND GAIN PRACTICAL, REAL-WORLD EXPERTISE TO TAKE THEIR PMOS TO THE NEXT LEVEL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sunil Prashara President & CEO | Officer | 50 | $1,236,063 |
Michael Deprisco COO | Officer | 50 | $762,191 |
Joseph J Cahill Chief Customer Officer | Officer | 50 | $724,780 |
William Scarborough Vp, General Counsel & Corp Sec | Officer | 50 | $588,589 |
David L Garrett Chief Strategy & Growth Office | 50 | $419,125 | |
Ricardo Triana Mgmt Director Latin America | 50 | $388,847 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ncs Pearson Inc Exam Administration | 12/30/21 | $16,480,441 |
Fidelity Investments Investment Services | 12/30/21 | $7,723,790 |
Ketchum Inc Pr & Marketing | 12/30/21 | $10,772,789 |
Ata Online Beijing Edu Tech Co L Exam Delivery | 12/30/21 | $7,651,618 |
Microsoft Corporation Technology Services | 12/30/21 | $7,640,261 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $269,777,360 |
Investment income | $30,056,998 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $1,595,012 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $6,875,538 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $6,058,120 |
Miscellaneous Revenue | $0 |
Total Revenue | $329,593,353 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,948,784 |
Grants and other assistance to domestic individuals. | $1,141,763 |
Grants and other assistance to Foreign Orgs/Individuals | $783,390 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $4,880,712 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $60,685,757 |
Pension plan accruals and contributions | $3,656,606 |
Other employee benefits | $5,232,058 |
Payroll taxes | $4,469,747 |
Fees for services: Management | $5,300,255 |
Fees for services: Legal | $6,187,166 |
Fees for services: Accounting | $789,933 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $2,202,022 |
Fees for services: Other | $53,511,775 |
Advertising and promotion | $15,964,097 |
Office expenses | $1,636,482 |
Information technology | $22,118,615 |
Royalties | $687,714 |
Occupancy | $2,366,965 |
Travel | $1,385,085 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,050,583 |
Interest | $21,365 |
Payments to affiliates | $5,813,125 |
Depreciation, depletion, and amortization | $5,502,796 |
Insurance | $372,117 |
All other expenses | $5,355,996 |
Total functional expenses | $282,247,961 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $30,187,323 |
Savings and temporary cash investments | $735,504 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $12,574,380 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $931,635 |
Prepaid expenses and deferred charges | $6,875,108 |
Net Land, buildings, and equipment | $8,671,624 |
Investments—publicly traded securities | $509,094,996 |
Investments—other securities | $119,667,950 |
Investments—program-related | $0 |
Intangible assets | $12,075,603 |
Other assets | $7,283,610 |
Total assets | $708,097,733 |
Accounts payable and accrued expenses | $46,558,059 |
Grants payable | $0 |
Deferred revenue | $58,004,562 |
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 | $186,360 |
Total liabilities | $104,748,981 |
Net assets without donor restrictions | $601,865,320 |
Net assets with donor restrictions | $1,483,432 |
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 | $708,097,733 |
Over the last fiscal year, Project Management Institute Inc has awarded $3,948,784 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Newtown Square, PA PURPOSE: EDUCATIONAL | $3,940,784 |
Boston, MA PURPOSE: RESEARCH | $8,000 |
Organization Name | Assets | Revenue |
---|---|---|
Finra Regulation Inc Rockville, MD | $51,636,831 | $1,138,654,783 |
Project Management Institute Inc Newtown Square, PA | $708,097,733 | $329,593,353 |
Nysa-Ila Container Royalty Fund Jersey City, NJ | $55,480,172 | $104,394,382 |
Unsatisfied Claims & Judgement Fund Basking Ridge, NJ | $69,007,782 | $67,404,449 |
Gs1 Us Inc Ewing, NJ | $478,037,755 | $93,863,501 |
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Mexican Haas Avocado Importers Association Fallston, MD | $10,238,623 | $43,648,629 |
Global Associations Of Risk Proffesionals Inc Jersey City, NJ | $66,882,119 | $55,059,565 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |