Project Management Institute
- Assets
- $585.4k
- Revenue
- $186.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2001
- Data as of
- 12/2022
- 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 12/2022, Project Management Institute generated $186.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $160.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 8 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
2022
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 2022 SOME PROGRAM PRESENTATION FORMATS WERE HYBRED IN-PERSON//ZOOM ATTENDANCE. A 45TH ANNIVERSARY SPECIAL MEEING/CELERATION WAS HELD FOR THE MEMBERS.
PROFESSIONAL DEVELOPMENT SEMINARS/WORKSHOPS/NETWORKING. SEMINARS TO DEVELOP PROFESSIONAL SKILLS ARE ARRANGED FOR BY PMI AND ATTENDED BY 100 TO 200 PROFESSIONALS YEARLY, THE MAJORITY VIA ZOOM. .
PM SYMPOSIUM. AND AGILE CONFERENCE THE ORGANIZATION CONDUCTED TWO MULTI- DAY EVENTS - A SYMPOSIUM AND A CONFEREMCE WHICH PROVIDE EDUCATION, LECTURES, AND NET WORKING OPPORTUNITIES FOR ITS MEMBERS. IN 2022 THESE WERE HYBRED IN-PERSON AND ZOOM EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ura Puranda President Jan-Jun | OfficerTrustee | 15 | $0 |
Rajesh Nair President Jul-Dec | OfficerTrustee | 15 | $0 |
Srinivas Saineni Past President Jan-Jun | OfficerTrustee | 15 | $0 |
Ura Puranda Past President Jul-Dec | OfficerTrustee | 15 | $0 |
Robert Mack VP Finance Jan-Jun | OfficerTrustee | 15 | $0 |
Robert Mack VP Finance Jul-Dec | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $147,441 |
| 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 | $147,441 |
| Total Program Service Revenue | $36,764 |
| Investment income | $2,114 |
| 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 | $186,319 |
| 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 | $5,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $449 |
| Office expenses | $11,157 |
| Information technology | $24,084 |
| Royalties | $0 |
| Occupancy | $9,765 |
| Travel | $9,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,245 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,032 |
| Insurance | $0 |
| All other expenses | $111 |
| Total functional expenses | $160,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,911 |
| Savings and temporary cash investments | $454,135 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,047 |
| 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 | $322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $585,415 |
| Accounts payable and accrued expenses | $17,070 |
| 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 | $17,070 |
| 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 | $568,345 |
| Total liabilities and net assets/fund balances | $585,415 |