Outdoor Power Equipment Institute Inc
- Assets
- $17.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Alexandria, VA
- Founding
- 07/1953
- Data as of
- 08/2021
- EIN
- 52-0977552
Organization Overview
Outdoor Power Equipment Institute Inc is located in Alexandria, VA. The organization was established in 1953. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 08/2021, Outdoor Power Equipment Institute Inc employed 12 individuals. This organization is the central organization for a national or regional group of organizations. Outdoor Power Equipment Institute Inc 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 08/2021, Outdoor Power Equipment Institute Inc generated $3.2m 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 (11.5%) each year. All expenses for the organization totaled $6.0m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEI MEMBERS PARTICIPATE ON COMMITTEES THAT HAVE A DIRECT IMPACT ON SUCH CRITICAL INDUSTRY ISSUES AS FUELS, SAFETY STANDARDS, EMISSIONS AND SPECIAL MARKETING AND TECHNICAL PROJECTS. IN ADDITION, OPEI FACILITATES NETWORKING OPPORTUNITIES THAT HELP MEMBERS COMPETE EFFECTIVELY IN THE INDUSTRY AND PROVIDES INDUSTRY-SPECIFIC INFORMATION, SUCH AS PRODUCT SHIPMENT REPORTS, STATE LEGISLATIVE AND REGULATORY UPDATES AND INDUSTRY ECONOMETRIC FORECASTS, AS WELL AS DEVELOPMENTS AFFECTING THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Kiser President & CEO | Officer | 38 | $704,470 |
Greg Knott Vp, Standards & Reg. Affairs | 40 | $205,701 | |
Daniel Mustico Vp, Government & Market Affairs | 40 | $200,609 | |
Suzanne Shomer Vp, Finance & Administration | Officer | 39.5 | $189,807 |
Brandon Martin Dir. Of Batt./elec. Prod./ind. Rel. | 40 | $182,342 | |
Chuck Bowen Dir. Of Comm. & Member Relations | 40 | $177,952 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hz Brand Consulting | 8/30/21 | $353,122 |
Vault Consulting Llc Data Collection & Reporting Services | 8/30/21 | $282,700 |
Dunlap Group Financial Consulting | 8/30/21 | $140,178 |
Four Leaf Public Relations Public Rel./communications | 8/30/21 | $278,462 |
The American Club Lodging | 8/30/21 | $142,689 |
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 | $2,518,992 |
| Investment income | $130,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $79,915 |
| Net Gain/Loss on Asset Sales | $418,313 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,228,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $140,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,075,445 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $963,631 |
| Pension plan accruals and contributions | $164,200 |
| Other employee benefits | $160,151 |
| Payroll taxes | $95,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,276 |
| Fees for services: Accounting | $25,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,774 |
| Fees for services: Other | $743,621 |
| Advertising and promotion | $0 |
| Office expenses | $112,830 |
| Information technology | $59,411 |
| Royalties | $0 |
| Occupancy | $182,128 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $271,664 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $341,811 |
| Insurance | $48,301 |
| All other expenses | $76,108 |
| Total functional expenses | $5,955,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,432,813 |
| Savings and temporary cash investments | $411,290 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000,930 |
| 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 | $1,605,678 |
| Net Land, buildings, and equipment | $5,875,963 |
| Investments—publicly traded securities | $5,388,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,715,091 |
| Accounts payable and accrued expenses | $1,551,981 |
| Grants payable | $0 |
| Deferred revenue | $5,365,169 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $73,900 |
| 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 | $1,502,129 |
| Total liabilities | $8,493,179 |
| Net assets without donor restrictions | $9,221,912 |
| 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 | $17,715,091 |
Grants Awarded
Over the last fiscal year, Outdoor Power Equipment Institute Inc has awarded $474,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: TO SUPPORT OPERATIONS OF THE FOUNDATION | $444,000 |
Keystone, CO PURPOSE: MANAGED LANDSCAPE STEWARDSHIP | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Davidson Water Inc Welcome, NC | $156,115,966 | $18,462,382 |
Craig-Botetourt Electric Co-Operative New Castle, VA | $37,707,997 | $13,868,268 |
Chickasaw Electric Cooperative Inc Somerville, TN | $53,475,417 | $11,540,498 |
Virginia Maryland Delaware Association Of Electric Cooperativ Glen Allen, VA | $4,896,321 | $7,911,064 |
Tennessee One-Call System Inc Nashville, TN | $15,040,368 | $8,322,679 |
Southeast Rural Community Assistance Project Inc Roanoke, VA | $8,928,556 | $6,797,376 |
Outdoor Power Equipment Institute Inc Alexandria, VA | $17,715,091 | $3,228,367 |
Electric Power Supply Association Washington, DC | $6,703,647 | $5,166,288 |
West Carteret Water Corporation Inc Newport, NC | $30,167,915 | $5,934,508 |
South Eastern Water Assoc Inc Somerset, KY | $31,183,377 | $5,722,292 |
Independent Electrical Contractors Inc Arlington, VA | $3,195,715 | $4,728,698 |
International Bottled Water Association Alexandria, VA | $5,454,165 | $4,671,484 |