Project Management Institute
- Assets
- $945.9k
- Revenue
- $274.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New Brighton, MN
- Founding
- 04/2001
- Data as of
- 12/2022
- EIN
- 41-1990654
Organization Overview
Project Management Institute is located in New Brighton, MN. 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 $274.7k 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 (12.7%) each year. All expenses for the organization totaled $357.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.7%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE PROJECT MANAGEMENT PROFESSION AND ITS DISCIPLINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTHLY MEETING - THE MEMBERSHIP MEETINGS ARE USUALLY BREAKFAST OR DINNER MEETINGS WITH A PROGRAM. THE INFORMATION CONVEYED RELATES TO PROJECT MANAGEMENT TECHNIQUES AND THEIR APPLICATION WITHIN THE LOCAL COMMUNITY.
PROFESSIONAL DEVELOPMENT DAYS - ANNUAL EVENT COVERING TECHNIQUES AND TOOLS RELATING TO PROJECT MANAGEMENT, NETWORKING OPPORTUNITIES AND DIRECT CONTACT WITH VENDORS IN THE FIELD OF PROJECT MANAGEMENT.
CERTIFICATION TRAINING - THESE SEMINARS ARE CONDUCTED AS A SINGLE CLASS WHILE THE WORKSHOPS ARE CONDUCTED AS A SERIES OF SESSIONS. THE PURPOSE OF BOTH IS TO PREPARE THE INDIVIDUAL FOR THE CERTIFICATION EXAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manish Kalra President, CEO | OfficerTrustee | 6 | $0 |
Michael O'connor President Elect & COO | OfficerTrustee | 6 | $0 |
Kimberly Berger Director Of Finance | OfficerTrustee | 6 | $0 |
Aaron Kielhack Director Of Governance/secretary | OfficerTrustee | 6 | $0 |
Mike Mohn Director At Large | Trustee | 6 | $0 |
Ingrid Mohn Director At Large | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,750 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,312 |
| Total Program Service Revenue | $266,339 |
| Investment income | $19 |
| 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 | $274,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| 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 | $74,310 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,469 |
| Advertising and promotion | $0 |
| Office expenses | $10,605 |
| Information technology | $15,679 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $130 |
| All other expenses | $9,833 |
| Total functional expenses | $357,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $934,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,810 |
| 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 | $2,600 |
| 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 | $945,912 |
| Accounts payable and accrued expenses | $13,306 |
| Grants payable | $0 |
| Deferred revenue | $55,032 |
| 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 | $68,338 |
| Net assets without donor restrictions | $877,574 |
| 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 | $945,912 |