American Council Of Engineering Companies Of Indiana Inc
- Assets
- $1.5m
- Revenue
- $1.1m
- Investments
- $1.3m
- Employees
- 4
- Location
- Indianapolis, IN
- Founding
- 11/1965
- Data as of
- 06/2024
- EIN
- 35-1101396
Organization Overview
American Council Of Engineering Companies Of Indiana Inc is located in Indianapolis, IN. The organization was established in 1965. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 06/2024, American Council Of Engineering Companies Of Indiana Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Council Of Engineering Companies Of Indiana 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 06/2024, American Council Of Engineering Companies Of Indiana Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.1m during the year ending 06/2024. While expenses have increased by 8.3% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROTECT PUBLIC INTEREST OF ENGINEERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROTECT THE PUBLIC INTEREST; ENSURE THE USE OF THE HIGHEST STANDARDS OF PRACTICE AND ETHICS; ENHANCE THE ENGINEERING PROFESSION AND PROMOTE GREATER USE OF CONSULTING ENGINEERING FIRMS. TO ACCOMPLISH THIS, PROVIDE MEETINGS, TESTING, SEMINARS CONVENTIONS AND PUBLICATIONS TO EDUCATE MEMBERS ON CHANGES IN LAWS, REGULATIONS AND INDUSTRY TRENDS;PUBLISH DIRECTORY FOR IMPROVED VISIBILITY OF MEMBERS AND SERVICES PROVIDED; PROVIDE SCHOLARSHIP FUND FOR NEEDY AND QUALIFIED COLLEGE STUDENTS WITH COMMON PROFESSIONAL GOALS AND LOBBYING LEGISLATURE, BOTH INTERNALLY AND THROUGH MEMBERSHIP IN ANOTHER ORGANIZATION, ON MATTERS AND ISSUES AFFECTING ENGINEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Guzik President | OfficerTrustee | 1 | $0 |
Kurt J Heidenreich Vice President/treasurer A | OfficerTrustee | 1 | $0 |
David Lahey Secretary/alt. Acec Nation | OfficerTrustee | 1 | $0 |
Mary K Atkins Director | Trustee | 1 | $0 |
Andrew L Bender Director | Trustee | 1 | $0 |
Adam J Burns Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $571,353 |
| Fundraising events | $89,065 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $713,767 |
| Total Program Service Revenue | $393,181 |
| Investment income | $37,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$63,144 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,095,248 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,000 |
| 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 | $441,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,055 |
| Payroll taxes | $32,108 |
| Fees for services: Management | $8,105 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $175,410 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49 |
| Insurance | $3,424 |
| All other expenses | $100,995 |
| Total functional expenses | $1,100,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,766 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,320,849 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,517,138 |
| Accounts payable and accrued expenses | $6,637 |
| 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 | $0 |
| Total liabilities | $6,637 |
| Net assets without donor restrictions | $1,510,501 |
| 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 | $1,517,138 |