Accreditation Board For Engineering And Technology Inc

Organization Overview

Accreditation Board For Engineering And Technology Inc is located in Baltimore, MD. The organization was established in 1961. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 09/2023, Accreditation Board For Engineering And Technology Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accreditation Board For Engineering And Technology Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2023, Accreditation Board For Engineering And Technology Inc generated $14.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $13.8m during the year ending 09/2023. While expenses have increased by 3.3% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTION AND ADVANCEMENT OF QUALITY STEM HIGHER EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACCREDITATION - ABET, A FEDERATION OF THE ENGINEERING AND TECHNICAL PROFESSIONS, EVALUATES ACADEMIC PROGRAMS IN ENGINEERING, ENGINEERING TECHNOLOGY, COMPUTING AND APPLIED NATURAL SCIENCE AT THE INVITATION OF INSTITUTIONS OF POSTSECONDARY EDUCATION THROUGHOUT THE WORLD. SUCH VOLUNTARY EVALUATIONS LEAD TO POSSIBLE ACCREDITATION OF EDUCATIONAL PROGRAMS AT THOSE INSTITUTIONS.


SOCIETY ACCREDITATION ACTIVITIES ADMINISTRATION - ABET FACILITATES THE DISCUSSIONS (THROUGH MEETINGS AND COMMUNICATIONS) AMONG THE MEMBER SOCIETIES WHICH ARE REPRESENTED ON THE ABET BOARD OF DELEGATES, IMPLEMENTS THE RESULTING CHANGES IN POLICIES AND PROCEDURES AS REACHED BY A CONSENSUS OF THE SOCIETY REPRESENTATIVES, AND ENSURES COMPLIANCE WITH CHANGES. ABET ALSO PROVIDES TRAINING, SYSTEMS AND WEB TOOLS TO ASSIST THE STAFF AND VOLUNTEERS OF THE MEMBER SOCIETIES IN THE FULFILLMENT OF THEIR OWN ACCREDITATION ACTIVITIES.


PROFESSIONAL OFFERINGS - WORKSHOPS FOR FACULTY, MEETINGS FOR PROFESSIONAL TECHNICAL SOCIETIES, AND PROVIDES SPEAKERS ON EDUCATION AND ACCREDITATION TOPICS, AS WELL AS, PRINT AND ON-LINE INFORMATIONAL NEWSLETTERS AND PUBLICATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
S K Ramesh
President
$0
Hamid Fonooni
President-Elect
$0
William J Wepfer
Past President
$0
Barbara Price
Secretary
$0
David Whitman
Treasurer
$0
Charles Menke
At-Large Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Tecta American East
Roof Services
$114,480
Fidelity Mechanical Services
Decking And Hvac
$227,720
Havtech
Hvac
$151,000
Gloria Rogers
Adjunct Consultant
$114,262
View All Vendors

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$14,317,436
Investment income $353,328
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$56,927
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,613,853

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