American Council Of Engineering Companies Of Minnesota
- Assets
- $862.4k
- Revenue
- $918.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Minnetonka, MN
- Founding
- 07/1954
- Data as of
- 06/2021
- 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 06/2021, American Council Of Engineering Companies Of Minnesota employed 3 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 06/2021, American Council Of Engineering Companies Of Minnesota generated $918.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $720.7k during the year ending 06/2021. While expenses have increased by 1.7% per year over the past 6 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
2021
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 6 SEMINARS WITH 458 IN ATTENDANCE. IN ADDITION, THERE WERE TWO JOINT ACEC/MN - MNDOT ONLINE EVENTS WITH OVER 150+ IN ATTENDANCE, A CLIENT FORECASTING SEMINAR WITH 60 IN ATTENDANCE, THE ONLINE MINNESOTA'S TRANSPORTATION CONFERENCE WITH OVER 1,100 IN ATTENDANCE, AND A SERIES OF 2 WOMEN IN ENGINEERING PRESENTATIONS WITH 150+ IN ATTENDANCE.
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 31 PROJECTS ENTERED FROM 18 FIRMS. THERE WERE 300+ IN ATTENDANCE AT THE ONLINE GALA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Jacobson President | OfficerTrustee | 10 | $0 |
Bill Forsmark Secretary | OfficerTrustee | 5 | $0 |
Jack Corkle Past-President | OfficerTrustee | 5 | $0 |
Brett Morse Treasurer | OfficerTrustee | 5 | $0 |
Jeff Gebhard President-Elect | OfficerTrustee | 5 | $0 |
Katherine Toghramadjian Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $523,556 |
| 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 | $523,556 |
| Total Program Service Revenue | $385,908 |
| 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 | $918,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| Grants and other assistance to domestic individuals. | $33,000 |
| 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 | $206,588 |
| Pension plan accruals and contributions | $13,265 |
| Other employee benefits | $29,745 |
| Payroll taxes | $9,663 |
| Fees for services: Management | $413 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,531 |
| Fees for services: Lobbying | $72,060 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,082 |
| Advertising and promotion | $6,500 |
| Office expenses | $12,595 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,225 |
| Travel | $9,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,630 |
| Interest | $0 |
| Payments to affiliates | $83,305 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,347 |
| All other expenses | $0 |
| Total functional expenses | $720,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,479 |
| Savings and temporary cash investments | $733,874 |
| 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 | $862,353 |
| 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 | $602,759 |
| Net assets with donor restrictions | $259,594 |
| 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 | $862,353 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madison Area Construction Employees Trust Madison, WI | $14,097,987 | $12,322,220 |
Jensen Construction Company Group Trust Des Moines, IA | $0 | $5,222,518 |
Reilly Construction Employee Welfare Trust Ossian, IA | $251,550 | $2,905,228 |
American Council Of Engineering Companies Of Minnesota Minnetonka, MN | $862,353 | $918,853 |
American Council Of Engineering Companies Of Wisconsin Inc Madison, WI | $754,209 | $539,727 |
Construction Safety Specialists Inc West Des Moines, IA | $310,327 | $601,375 |
Construction Industry Center Inc Rapid City, SD | $356,053 | $459,308 |
American Federation Of Labor & Congress Of Industrial Orgs Milwaukee, WI | $436,884 | $454,589 |
National Motorist Association Inc Waunakee, WI | $1,781,868 | $648,721 |
Minnesota Government Engineers Council Inver Grove Heights, MN | $947,397 | $505,224 |
Construction Update Plan Room Network West Des Moines, IA | $13,733,781 | $1,511,728 |
Kings Engineering Fellowship Orange City, IA | $716,173 | $132,313 |