Steel Joist Institute
- Assets
- $1.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Florence, SC
- Founding
- 06/1942
- Data as of
- 12/2022
- EIN
- 53-0176671
Organization Overview
Steel Joist Institute is located in Florence, SC. The organization was established in 1942. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steel Joist Institute 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 12/2022, Steel Joist Institute generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, ESTABLISH AND MAINTAIN STANDARDS FOR THE DESIGN, MANUFACTURE AND ERECTION OF STEEL JOISTS, TO PROMOTE AND ASSIST IN THE DEVELOPMENT OF AND ERECTION OF STEEL JOISTS. TO PROMOTE AND ASSIST IN THE DEVELOPMENT OF BUILDING CODE REGULATIONS FOR STEEL JOIST STANDARDS AND TO DISSEMINATE INFORMATION RELATIVE TO THE PROPER USE OF STANDARD STEEL JOISTS IN THE INTEREST OF PUBLIC SAFETY. TO AID AND PROMOTE BY LAWFUL MEANS THE USE OF STANDARD JOISTS AND BETTERMENT OF THE STEEL JOIST INDUSTRY, TO SERVE AS THE REGULATORY BODY FOR THE STEEL JOIST INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE AS REGULATORY BODY FOR THE STEEL JOIST INDUSTRY BY ESTABLISHING AND MAINTAINING MANUFACTURING STANDARDS FOR MEMBER COMPANIES. ALSO, TO PROMOTE AND ADVERTISE THE STEEL JOIST INDUSTRY AS A WHOLE.
DESIGN CHECK. EXPENSES CHARGED WITH THE REVIEW OF STEEL JOIST DESIGNS BY CONSULTING ENGINEERS.PLANT RECERTIFICATION. COSTS OF INSPECTION TO INSURE QUALITY AND PROFESSIONALISM TO INSPECT AND RECERTIFY MEMBER PLANTS AS REQUIRED BY THE BYLAWS OF THE STEEL JOIST INSTITUTE.
TO DEVELOP, ESTABLISH AND MAINTAIN STANDARDS FOR THE DESIGN, MANUFACTURE AND ERECTION OF STEEL JOISTS, TO PROMOTE AND ASSIST IN THE DEVELOPMENT OF AND ERECTION OF STEEL JOISTS. TO PROMOTE AND ASSIST IN THE DEVELOPMENT OF BUILDING CODE REGULATIONS FOR STANDARD STEEL JOISTS AND TO DISSEMINATE INFORMATION RELATIVE TO THE PROPER USE OF STANDARD STEEL JOISTS IN THE INTEREST OF PUBLIC SAFETY. TO AID AND PROMOTE BY LAWFUL MEANS THE USE OF STANDARD JOISTS AND THE BETTERMENT OF THE STEEL JOIST INDUSTRY, TO SERVE AS THE REGULATORY BODY FOR THE STEEL JOIST INDUSTRY.
OVERSSIGHT OF THE STEEL J0IST EDUCATION PROGRAMS. THE EDUCATION OF AND CONTINUING EDUCATION FOR PROFESSIONAL ENGINEERS ON THE DESIGN, CONSTRUCTION AND RETRO-FITTING STEEL JOISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Holtermann President | OfficerTrustee | 5 | $0 |
Keith Juedemann First Vice President | OfficerTrustee | 5 | $0 |
Jeff Coker Second Vice Preident | OfficerTrustee | 5 | $0 |
Paul O'connor Immediate Past President | OfficerTrustee | 5 | $0 |
Ken Charles Managing Director | OfficerTrustee | 40 | $195,251 |
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 | $690,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $690,962 |
| Total Program Service Revenue | $343,459 |
| Investment income | $21,853 |
| 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 | $1,070,351 |
| 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 | $195,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,207 |
| Payroll taxes | $11,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,000 |
| Fees for services: Accounting | $5,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $302,676 |
| Advertising and promotion | $138,049 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,744 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,799 |
| All other expenses | $73,161 |
| Total functional expenses | $1,089,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $992,889 |
| 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 | $10 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,937 |
| Total assets | $1,002,836 |
| 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 | $9,937 |
| Total liabilities | $9,937 |
| Net assets without donor restrictions | $992,899 |
| 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 | $1,002,836 |