Northeast-Midwest Institute
- Assets
- $108.1k
- Revenue
- $576.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 03/1978
- Data as of
- 12/2023
- EIN
- 52-1112174
Organization Overview
Northeast-Midwest Institute is located in Washington, DC. The organization was established in 1978. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2023, Northeast-Midwest Institute employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast-Midwest Institute 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 12/2023, Northeast-Midwest Institute generated $576.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $490.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (21.2%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ECONOMIC VITALITY, ENVIRONMENTAL QUALITY, AS WELL AS REGIONAL EQUITY FOR THE 18 NORTHEASTERN AND MIDWESTERN STATES: CONNECTICUT, DELAWARE, ILLINOIS, INDIANA, IOWA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, NEW HAMPSHIRE, NEW JERSEY, NEW YORK, OHIO, PENNSYLVANIA, RHODE ISLAND, VERMONT, AND WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDED PROGRAM AREAS AT NEMWI INCLUDE: THE GREAT LAKES WASHINGTON PROGRAM; THE MISSISSIPPI RIVER BASIN PROGRAM; THE WATER POLICY AND WATER CONSERVATION INITIATIVE; AND THE CONGRESSIONAL POLICY PRIMER AND ORIENTATION PROGRAMS. OTHER PROGRAM AREAS NOT CURRENTLY FUNDED BUT WHICH HAVE SENIOR FELLOW AND RESEARCH INTERN SUPPORT INCLUDE: THE REGIONAL ECONOMIC RECOVERY AND WORKFORCE DEVELOPMENT INITIATIVE; THE WATER AFFORDABILITY INITIATIVE; THE CLIMATE CHANGE IMPACTS INITIATIVE; AND THE FISCAL POLICY AND STATE AND LOCAL PUBLIC FINANCE INITIATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Michaud Chair | OfficerTrustee | 5 | $0 |
John Baldacci Chair Emeritus | OfficerTrustee | 1 | $0 |
Mary Cronin Vice Chair | OfficerTrustee | 1 | $0 |
Robert Clarke Brown Treasurer | OfficerTrustee | 1 | $0 |
Vicky Bailey Director | Trustee | 1 | $0 |
Vincent Devito Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Wisconsin-superior Research | 12/30/17 | $215,889 |
Tate & Tryon Pc Accounting Service | 12/30/17 | $120,830 |
Ami Engineering Services | 12/30/17 | $180,283 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $301,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,423 |
| Total Program Service Revenue | $10,964 |
| 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 | $576,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $199,654 |
| Compensation of current officers, directors, key employees. | $13,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,714 |
| Pension plan accruals and contributions | $8,032 |
| Other employee benefits | $22,120 |
| Payroll taxes | $27,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $19,724 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,396 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,320 |
| Royalties | $0 |
| Occupancy | $16,800 |
| Travel | $741 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,911 |
| Interest | $765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,424 |
| All other expenses | $0 |
| Total functional expenses | $490,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,716 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $26,195 |
| Accounts receivable, net | $40 |
| 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 | $3,125 |
| 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 | $108,076 |
| Accounts payable and accrued expenses | $166,997 |
| Grants payable | $2,643 |
| Deferred revenue | $25,646 |
| 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 | $195,286 |
| Net assets without donor restrictions | -$216,900 |
| Net assets with donor restrictions | $129,690 |
| 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 | $108,076 |