Minnesota Society Of Professional Engineers
- Assets
- $73.0k
- Revenue
- $14.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Eagan, MN
- Founding
- 02/1973
- Data as of
- 06/2021
- EIN
- 51-0214202
Organization Overview
Minnesota Society Of Professional Engineers is located in Eagan, MN. The organization was established in 1973. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Minnesota 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 06/2021, Minnesota Society Of Professional Engineers generated $14.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $5.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (32.0%) per year over the past 6 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
PROVIDE TRAINING AND SEMINARS FOR MEMBERS AND PROMOTE ENGINEERING CAREERS TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRAINING AND SEMINARS FOR MEMBERS AND PROMOTE ENGINEERING CAREERS TO STUDENTS
SCHOLARSHIPS TO ENGINEERING STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Martini Vice President | OfficerTrustee | 0 | $0 |
Kerby Nester President | OfficerTrustee | 0 | $0 |
Matthew Michel Treasurer | OfficerTrustee | 0 | $0 |
Matt Stordahl Past President | OfficerTrustee | 0 | $0 |
David Fautsch Director | Trustee | 0 | $0 |
Nicholas Willing Director | Trustee | 0 | $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 | $0 |
| 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 | $14,553 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,500 |
| 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 | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $104 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $607 |
| Total functional expenses | $5,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,096 |
| Savings and temporary cash investments | $6,862 |
| 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 | $72,958 |
| 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 | $72,958 |
| 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 | $72,958 |
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 |