Project Management Institute
- Assets
- $555.9k
- Revenue
- $182.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 36-4407345
Organization Overview
Project Management Institute is located in Chicago, IL. The organization was established in 2001. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 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 $182.4k 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 (10.8%) each year. All expenses for the organization totaled $129.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.4%) 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
PROVIDING CERTIFICATION CLASSES, DISCUSSION AND NETWORKING FORUMS, EDUCATIONAL OPPORTUNITIES, AND OUTREACH TO THE COMMUNITY AND BUSINESSES, TO PROMOTE AND ADVANCE THE PROFESSION OF PROJECT MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER MEETINGS TO PROVIDE FORUM FOR DISCUSSION AND EDUCATION. A PRESENTATION ON A PARTICULAR FACET OF PROJECT MANAGEMENT OR THE SKILLS NEEDED TO BE DEVELOPED TO BE A SUCCESSFUL PROJECT MANAGER IS GIVEN BY A PROFESSIONAL IN THE FIELD. TIME IS PROVIDED FOR DISCUSSION. IN 2021 THE PROGRAM PRESENTATION FORMAT CHANGED TO ADAPT TO THE COVID-19 PROTOCOLS/ZOOM ATTENDANCE FOR MOST OF THE MEETINGS.
PROFESSIONAL DEVELOPMENT SEMINARS/WORKSHOPS/NETWORKING. SEMINARS TO DEVELOP PROFESSIONAL SKILLS ARE ARRANGED FOR BY PMI AND ATTENDED BY 100 TO 200 PROFESSIONALS YEARLY. ONCE AGAIN, DUE TO THE COVID-19 PANDEMIC ISSUES, THE SEMINARS AND WORKSHOPS WERE HELD VIA ZOOM. MORE SEMINARS THAN USUAL HAD BEEN ABLE TO BE PRESENTED THIS WAY..
PROJECT MANAGEMENT CERTIFICATION WORKSHOPS AND STUDY GROUPS ARE HELD TWO OR THREE TIMES PER YEAR, THESE CLASSES AND STUDY SESSIONS PREPARE PROJECT MANAGEMENT PROFESSIONALS FOR THEIR CERTIFICATION EXAMS. THEY ARE ATTENDED BY APPROXIMATELY 50 TO 100 PEOPLE ANNUALLY. DURING 2021 THESE PROGRAMS AND WORKSHOPS WERE REMOTELY CONDUCTED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ura Puranda President Jan-Dec | OfficerTrustee | 15 | $0 |
Srinivas Saineni Past Pres Jan-Dec | OfficerTrustee | 5 | $0 |
Revichandran Natarajan VP Finance Jan-Jun | OfficerTrustee | 15 | $0 |
Robert Mack VP Finance Jul-Dec | OfficerTrustee | 15 | $0 |
Susmita Sharma VP Prof Development Jan-Dec | OfficerTrustee | 10 | $0 |
James Fisher VP Operations Jan-Dec | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $134,440 |
| 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 | $134,440 |
| Total Program Service Revenue | $45,099 |
| Investment income | $2,815 |
| 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 | $182,354 |
| 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 | $3,497 |
| Fees for services: Legal | $443 |
| Fees for services: Accounting | $5,984 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $823 |
| Office expenses | $7,109 |
| Information technology | $26,451 |
| Royalties | $0 |
| Occupancy | $9,320 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,530 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,661 |
| Insurance | $0 |
| All other expenses | $872 |
| Total functional expenses | $129,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,688 |
| Savings and temporary cash investments | $283,860 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,120 |
| 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 | $1,510 |
| Net Land, buildings, and equipment | $706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $555,884 |
| Accounts payable and accrued expenses | $12,170 |
| 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 | $12,170 |
| 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 | $543,714 |
| Total liabilities and net assets/fund balances | $555,884 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
I Car Education Foundation Hoffman Estates, IL | $4,904,924 | $10,474,233 |
Ifbf Property Management Inc West Des Moines, IA | $66,458,037 | $20,324,859 |
Enfocus Inc South Bend, IN | $1,854,802 | $4,388,589 |
Strategic Account Management Association Inc Chicago, IL | $3,748,865 | $3,236,078 |
American Dairy Products Institute Elmhurst, IL | $2,804,954 | $2,937,802 |
Snow And Ice Management Association Inc Mequon, WI | $2,340,997 | $2,790,176 |
National Association Of Credit Management Great Lakes Region Inc Rolling Meadows, IL | $2,394,171 | $2,540,378 |
Naperville Development Partnership Naperville, IL | $440,227 | $1,062,182 |
Resilience Partners Nfp Chicago, IL | $1,560,945 | $1,588,224 |
Digital Bridge Inc Milwaukee, WI | $399,676 | $1,030,651 |
Society For Human Resource Mgt Cottage Grove, WI | $539,319 | $737,775 |
Mechanical Skills Inc Indianapolis, IN | $3,512,568 | $1,154,558 |