Society Of American Value Engineers
- Assets
- $921.1k
- Revenue
- $389.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Royal, NJ
- Founding
- 06/1964
- Data as of
- 12/2023
- EIN
- 52-6055721
Organization Overview
Society Of American Value Engineers is located in Mount Royal, NJ. The organization was established in 1964. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Society Of American Value 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 12/2023, Society Of American Value Engineers generated $389.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $291.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 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
ADVANCE AND PROMOTE VALUE METHODOLOGY BY UNLOCKING KNOWLEDGE, INNOVATION AND PASSION TO ACHIEVE SUCCESS BEYOND EXPECTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE AND EDUCATION - HOLD AN ANNUAL VALUE SUMMIT, ALONG WITH VARIOUS PRE AND POST CONFERENE WORKSHOPS, TO EDUCATE VALUE ENGINEERS ABOUT THE BEST PRACTICES AND NEW DEVELOPMENTS IN VALUE ENGINEERING THROUGH TECHNICAL PROGRAM PRESENTATIONS, AS WELL AS VARIOUS TOPIC-BASED FORUMS AND SPECIAL INTEREST MEETINGS.
CERTIFICATION - ENHANCE IDEAS AND CAREERS OF VALUATION ENGINEERS THROUGH CERTIFIED VALUE SPECIALIST (CVS) AND VALUE METHODOLOGY ASSOCIATE (VMA) CERTIFICATION PROGRAMS. CVS CERTIFICATION IS THE HIGHEST LEVEL CERTIFICATION, RECOGNIZING INDIVIDUALS WHO HAVE MET ALL CERTIFICATION REQUIREMENTS, BOTH TECHNICALLY AND EXPERIENTIALLY, AND WHOSE PRINCIPAL CAREERS ARE VALUE ENGINEERING. VMA CERTIFICATION RECOGNIZES THOSE INDIVIDUALS WHO HAVE DECIDED TO BECOME PROFESSIONAL VALUE ENGINEEERS BUT HAVE NOT YET ACQUIRED ALL THE EXPERIENCE OF TECHNICAL SKILLS EXPECTED OF A CVS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Stewart President | OfficerTrustee | 3 | $0 |
Hussien Al-Battaineh Vice President | OfficerTrustee | 3 | $0 |
Thomas Fletcher Secretary-Treasurer | OfficerTrustee | 3 | $0 |
Michael Pearsall Immediate Past President | OfficerTrustee | 3 | $0 |
John Corcoran Director | Trustee | 1 | $0 |
Laurie Dennis Director | Trustee | 1 | $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 | $381,657 |
| Investment income | $7,611 |
| 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 | $389,268 |
| 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. | $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 | $174,504 |
| Fees for services: Legal | $2,479 |
| Fees for services: Accounting | $7,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,341 |
| Advertising and promotion | $0 |
| Office expenses | $7,050 |
| Information technology | $34,064 |
| 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 | $2,589 |
| All other expenses | $12,167 |
| Total functional expenses | $291,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,637 |
| Savings and temporary cash investments | $674,419 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,600 |
| 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 | $20,420 |
| 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 | $921,076 |
| Accounts payable and accrued expenses | $1,214 |
| Grants payable | $0 |
| Deferred revenue | $59,908 |
| 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 | $61,122 |
| Net assets without donor restrictions | $859,954 |
| 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 | $921,076 |