Michigan Society Of Professional Engineers
- Assets
- $599.2k
- Revenue
- $184.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Parma, MI
- Founding
- 08/1953
- Data as of
- 12/2021
- EIN
- 38-1436123
Organization Overview
Michigan Society Of Professional Engineers is located in Parma, MI. The organization was established in 1953. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Michigan Society Of Professional Engineers 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, Michigan Society Of Professional Engineers generated $184.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $104.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 4 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 FOSTER LICENSED PROFESSIONAL ENGINEERS IN SERVICE TO SOCIETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE MEMBERSHIP ENGAGEMENT THROUGH NETWORKING, LEADERSHIP, AND EDUCATIONAL OPPORTUNITIES; INCREASE ENGAGEMENT AND COMMUNICATION AT ALL LEVELS OF THE ORGANIZATION; AND ENSURE THE FINANCIAL SUSTAINABILITY OF MSPE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Kirkwood President-El | OfficerTrustee | 1 | $0 |
Martha Thompson Treasurer | OfficerTrustee | 2 | $0 |
Don Nedervelt President | OfficerTrustee | 2 | $0 |
Miguel Vargas Secretary | OfficerTrustee | 2 | $0 |
Scott Assenmacher Region VP | Trustee | 1 | $0 |
Garrett Day Region VP | Trustee | 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 | $163,035 |
| Investment income | $15,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,939 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $184,947 |
| 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 | $54,061 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,159 |
| Advertising and promotion | $0 |
| Office expenses | $4,320 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,078 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,480 |
| All other expenses | $0 |
| Total functional expenses | $104,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,594 |
| 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 | $2,044 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $389,595 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $599,233 |
| Accounts payable and accrued expenses | $12,962 |
| Grants payable | $0 |
| Deferred revenue | $14,009 |
| 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 | $26,971 |
| Net assets without donor restrictions | $572,262 |
| 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 | $599,233 |
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National Fluid Power Association Milwaukee, WI | $6,189,581 | $3,380,802 |
Crop Science Society Of America Inc Madison, WI | $6,303,627 | $2,355,841 |
American Chemical Society Akron, OH | $3,014,141 | $2,045,806 |
International Assoc Of Bridge Struc & Ornamental Iron Workers Loc 103 Evansville, IN | $1,117,516 | $406,909 |
Engineers Club Of Dayton Dayton, OH | $1,671,194 | $394,069 |
Society Of Plastics Engineers Troy, MI | $376,718 | $316,766 |
Ohio Society Of Professional Engineers Columbus, OH | $443,485 | $334,999 |
Society Of Plastics Engineers Troy, MI | $3,105,196 | $190,122 |
Michigan Society Of Professional Engineers Parma, MI | $599,233 | $184,947 |