The Engineering Society Of Detroit
- Assets
- $3.9m
- Revenue
- $1.7m
- Investments
- $56.5k
- Employees
- 39
- Location
- Southfield, MI
- Founding
- 10/1988
- Data as of
- 06/2021
- EIN
- 38-1207155
Organization Overview
The Engineering Society Of Detroit is located in Southfield, MI. The organization was established in 1988. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 06/2023, Engineering Society Of Detroit employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Engineering Society Of Detroit is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Engineering Society Of Detroit generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. 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
ESD PROMOTES AND CELEBRATES THE ENGINEERING, SCIENTIFIC AND ALLIED PROFESSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS EDUCATIONAL PROGRAMS INCLUDING THE FUTURE CITY COMPETITION. THE MICHIGAN REGIONAL FUTURE CITY COMPETITION IS A TRANSFORMATIVE, PROJECT BASED LEARNING PROGRAM WHERE STUDENTS IN 6TH, 7TH, AND 8TH GRADES IMAGINE, RESEARCH, DESIGN AND BUILD CITIES OF THE FUTURE. FUTURE CITY IS DESIGNED TO STRENGTHEN STUDENTS' 21ST CENTURY SKILLS, TEACHES THEM ENGINEERING AND CIVICS CONCEPTS, MOTIVATES THEM TO STUDY MATH AND SCIENCE, AND INTRODUCES THEM TO POTENTIAL CAREERS WITHIN THE ENGINEERING FIELD.
THE GIRLS IN ENGINEERING ACADEMY IS A FOUR-WEEK SUMMER EXPERIENCE AND ACADEMIC YEAR PROGRAM DESIGNED TO ENCOURAGE AND ENGAGE MINORITY FEMALE MIDDLE SCHOOL STUDENTS IN THE SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) FIELDS. GIRLS IN ENGINEERING EXPOSES STUDENTS TO ENGINEERING THROUGH A VARIETY OF HANDS-ON, PROJECT BASED EXPERIENCES AND INDUSTRIAL ORIENTATIONS. THIS ALL FEMALE TAUGHT, RIGOROUS PROGRAM ENHANCES THE GIRLS' COMPETITIVE POSITION AS THEY ENTER HIGH SCHOOL AND COLLEGE AND ULTIMATELY A STEM RELATED CAREER.
ESD STUDENT CHAPTERS OFFER ENGINEERING STUDENTS THE OPPORTUNITY TO MEET AND NETWORK WITH ENGINEERS AND TECHNICAL PROFESSIONALS, CONNECT WITH STUDENT CHAPTER MEMBERS FROM OTHER UNIVERSITIES, GAIN LEADERSHIP EXPERIENCE AND FIND VALUABLE CONNECTIONS POTENTIALLY LEADING TO INTERNSHIPS, COOP OPPORTUNITIES AND JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Boss Director | Trustee | 0.5 | $0 |
Katherine M Banicki Director | Trustee | 0.5 | $0 |
Paul C Ajegba Director | Trustee | 0.5 | $0 |
Sean P Conway Director | Trustee | 0.5 | $0 |
Lori Gatmaitan Director | Trustee | 0.5 | $0 |
Carla Bailo Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $753,332 |
| Investment income | $38,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $171,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,724,461 |
| Statement of Expenses | |
|---|---|
| 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. | $192,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $465,283 |
| Pension plan accruals and contributions | $12,441 |
| Other employee benefits | $64,794 |
| Payroll taxes | $43,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,020 |
| Fees for services: Other | $266,433 |
| Advertising and promotion | $0 |
| Office expenses | $14,737 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $200,936 |
| Travel | $2,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,900 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,653,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $608,485 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $400 |
| Accounts receivable, net | $41,708 |
| 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 | $47,786 |
| Investments—publicly traded securities | $2,970,497 |
| Investments—other securities | $56,477 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,870,735 |
| Accounts payable and accrued expenses | $177,442 |
| Grants payable | $0 |
| Deferred revenue | $153,499 |
| 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 | $136,499 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $467,440 |
| 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 |
| Total liabilities and net assets/fund balances | $3,403,295 |