Project Management Institute
- Assets
- $518.1k
- Revenue
- $109.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 35-2189954
Organization Overview
Project Management Institute is located in Plano, TX. The organization was established in 2003. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Management Institute 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 generated $109.4k 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 (11.7%) each year. All expenses for the organization totaled $52.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.7%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE GROWTH AND DEVELOPMENT OF PROJECT MANAGEMENT PRACTITIONERS AS WELL AS BUILD AWARENESS OF THE PROJECT MANAGEMENT DISCIPLINE AND ITS CRITICAL ROLE IN BUSINESS AND ORGANIZATION SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PMI DALLAS CONDUCTED MONTHLY DINNER MEETINGS, BI-MONTHLY BREAKFAST MEETINGS, MONTHLY LUNCH AND LEARN MEETINGS AND SOCIAL HOUR EVENTS. EACH MEETING PROVIDED MEMBERS AND GUESTS OPPORTUNITIES TO NETWORK WITH OTHERS IN THEIR FIELD AS WELL AS ENHANCE PROJECT MANAGEMENT SKILLS. SOME OF THE MEETINGS INCLUDE PRESENTATIONS BY GUEST SPEAKERS KNOWN TO BE SPECIALISTS IN PROJECT MANAGEMENT BASED ON OBJECTIVES DEVELOPED BY VOLUNTEERS. THE ORGANIZATION HELD 67 MEETINGS IN 2021 WITH APPROXIMATELY 1500 ATTENDEES.
PMI DALLAS CONDUCTED EDUCATIONAL PROGRAMS TO PREPARE MEMBERS TO ATTAIN AND MAINTAIN CERTIFICATIONS THROUGH THE PROJECT MANAGEMENT INSTITUTE. THE CHAPTER OFFERS VARIOUS PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO ITS MEMBERS, THE BOOK REVIEW PROGRAM IS ONE OF THEM. DURING 2021, 4 BOOK REVIEWS WERE COMPLETED. THE CHAPTER ALSO MAINTAINED A RESOURCE LIBRARY, OPEN TO MEMBERS. THE LIBRARY CONTAINS OVER 200 BOOKS FOR LENDING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Carson Past Pres/di | OfficerTrustee | 1 | $0 |
Julio Ruiz VP App Proj | OfficerTrustee | 1 | $0 |
Ariane Stone VP Prof Dev. | OfficerTrustee | 1 | $0 |
Jerry Glasscock VP Finance | OfficerTrustee | 1 | $0 |
Pat Chowdhury VP Programs | OfficerTrustee | 1 | $0 |
Valorie Hanes VP Operation | OfficerTrustee | 1 | $0 |
Financial Statements
| 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 | $109,404 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,000 |
| Advertising and promotion | $200 |
| Office expenses | $3,051 |
| Information technology | $354 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,918 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $200 |
| All other expenses | $0 |
| Total functional expenses | $52,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,140 |
| Savings and temporary cash investments | $392,946 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $518,086 |
| Accounts payable and accrued expenses | $1,956 |
| 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 | $1,956 |
| Net assets without donor restrictions | $0 |
| 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 | $516,130 |
| Total liabilities and net assets/fund balances | $518,086 |
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