American Council Of Engineering Companies Of Minnesota
- Assets
- $817.8k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Minnetonka, MN
- Founding
- 07/1954
- Data as of
- 06/2022
- EIN
- 41-6037352
Organization Overview
American Council Of Engineering Companies Of Minnesota is located in Minnetonka, MN. The organization was established in 1954. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 06/2022, American Council Of Engineering Companies Of Minnesota employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Council Of Engineering Companies Of Minnesota 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 06/2022, American Council Of Engineering Companies Of Minnesota generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 19.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
CONTINUING EDUCATION, PROMOTION OF THE PROFESSION, LOBBYING AND ENCOURAGING INDIVIDUALS TO PURSUE CAREERS IN ENGINEERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINAR AND EDUCATIONAL PROGRAMS GEARED TOWARD IMPROVING MEMBER'S SKILLS AND PRACTICES: THERE WERE 24 EVENTS AND SEMINARS WITH 1,476 IN ATTENDANCE. IN ADDITION, THE ORGANIZATION HOSTED THE MINNESOTA TRANSPORTATION CONFERENCE AND EXPO ATTENDED BY MORE THAN 1,300 ATTENDEES. THE ORGANIZATION ALSO HOSTED THREE VIRTUAL MEETINGS WITH THE MINNESOTA DEPARTMENT OF TRANSPORTATION ATTENDED BY APPROXIMATELY 300 PARTICIPANTS.
LEGISLATIVE AND LOBBYING EFFORT PROVIDES MEMBERS WITH TIMELY INFORMATION ON LEGISLATIVE ACTIVITIES AND ITS EFFECT ON THEIR BUSINESSES. LEGISLATION IS TRACKED BY STAFF AND LOBBYING SERVICE. MEMBERS ARE INFORMED OF LEGISLATIVE AND AGENCY PLANS. ALL MEMBERS BENEFIT FROM THIS ACTIVITY.
ENGINEERING EXCELLENCE AWARDS PROGRAM RECOGNIZES THE ACHIEVEMENTS OF CONSULTING ENGINEERS. PROJECTS ARE ENTERED IN A COMPETITION AND AWARDS ARE PRESENTED AT A BANQUET. PROJECTS ARE PUBLICIZED IN LOCAL AND REGIONAL MEDIA. THERE WERE 29 PROJECTS ENTERED FROM 19 FIRMS. THERE WERE 250 IN ATTENDANCE AT THE EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Gebhard President | OfficerTrustee | 10 | $0 |
Katherine Toghramadjian President-Elect | OfficerTrustee | 5 | $0 |
Brett Morse Vice President | OfficerTrustee | 5 | $0 |
Bill Forsmark Treasurer | OfficerTrustee | 5 | $0 |
Bob Moore Secretary | OfficerTrustee | 5 | $0 |
Keith Jacobson Past-President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $507,043 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,220 |
| 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 | $528,263 |
| Total Program Service Revenue | $650,083 |
| Investment income | $0 |
| 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 | $1,189,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,450 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,788 |
| Pension plan accruals and contributions | $9,373 |
| Other employee benefits | $17,503 |
| Payroll taxes | $15,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $139 |
| Fees for services: Accounting | $5,494 |
| Fees for services: Lobbying | $101,721 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,211 |
| Advertising and promotion | $5,500 |
| Office expenses | $19,473 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,137 |
| Travel | $11,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $482,664 |
| Interest | $0 |
| Payments to affiliates | $99,518 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,266 |
| All other expenses | $0 |
| Total functional expenses | $1,233,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,141 |
| Savings and temporary cash investments | $683,650 |
| 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 | $0 |
| 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 | $817,791 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $620,087 |
| Net assets with donor restrictions | $197,704 |
| 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 | $817,791 |