Institute Of Transportation Engineers Inc
- Assets
- $16.8m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 29
- Location
- Washington, DC
- Founding
- 03/1949
- Data as of
- 12/2021
- EIN
- 53-0232732
Organization Overview
Institute Of Transportation Engineers Inc is located in Washington, DC. The organization was established in 1949. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Institute Of Transportation Engineers Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Transportation Engineers 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 12/2021, Institute Of Transportation Engineers Inc generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $5.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION OF TECHNICAL INFORMATION FOR THE EDUCATION OF TRANSPORTATION ENGINEERS.
Describe the Organization's Program Activity:
INDUSTRY RESOURCES - ALL EXPENSES INCURRED TO PROVIDE RESOURCES FOR THE TRANSPORTATION PROFESSIONAL, INCLUDING, BUT NOT LIMITED TO (1) MONTHLY ITE JOURNAL, (2) THE JOURNAL OF TRANSPORTATION OF THE INSTITUTE OF TRANSPORTATION ENGINEERS, (3) ITE E-NEWSLETTER, AND (4) OTHER VARIOUS PUBLICATIONS FOR TRANSPORTATION PROFESSIONALS.
SCHOLARSHIPS/FELLOWSHIPS/AWARDS - ALL EXPENSES INCURRED TO PROVIDE SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS WISHING TO PURSUE COURSE WORK IN TRANSPORTATION ENGINEERING. ALL EXPENSES INCURRED TO SELECT, DISTRIBUTE, AND PRESENT AWARDS FOR EXCELLENCE IN THE FIELD OF TRANSPORTATION ENGINEERING AND SERVICE TO THE ORGANIZATION.
CONTRACTS - ALL EXPENSES ASSOCIATED WITH FEDERAL AND PASS-THROUGH PROJECTS FOR RESEARCH AND REPORTING ON HIGHWAY SAFETY AND TRANSPORTATION ISSUES.
PROFESSIONAL DEVELOPMENT - ALL EXPENSES INCURRED TO PROVIDE A BROAD RANGE OF CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT ACTIVITIES TO KEEP TRANSPORTATION PROFESSIONALS ON THE CUTTING EDGE OF THE INDUSTRY, INCLUDING (1) WEB SEMINARS, (2) E-LEARNING COURSES, (3) ANNUAL MEETINGS, AND (4) TECHNICAL CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Meth Director | Trustee | 2 | $0 |
Gerard Baxter Director | Trustee | 2 | $0 |
Neelam Dorman Director | Trustee | 2 | $0 |
Jeff Young Director | Trustee | 2 | $0 |
Karen Aspelin Director | Trustee | 2 | $0 |
Edward Soldo Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheraton New Orleans Conference Facilities | 12/30/22 | $193,689 |
Consensus Systems Technologies Corp Consulting | 12/30/22 | $246,096 |
Pillar Consulting Inc Consulting | 12/30/22 | $153,687 |
The Ygs Group Award & Sponsorships | 12/30/22 | $122,757 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,276 |
| Investment income | $165,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $27,138 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,397 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,310,857 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,470,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $50,542 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $343,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,519,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $423,448 |
| Payroll taxes | $199,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,468 |
| Fees for services: Accounting | $26,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $917,477 |
| Advertising and promotion | $23,404 |
| Office expenses | $146,980 |
| Information technology | $155,088 |
| Royalties | $0 |
| Occupancy | $707,388 |
| Travel | $18,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,132 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,034 |
| Insurance | $33,491 |
| All other expenses | $0 |
| Total functional expenses | $5,910,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,380,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $444,530 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $120,114 |
| Prepaid expenses and deferred charges | $356,240 |
| Investments—publicly traded securities | $5,585,636 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,755,176 |
| Other assets | $980 |
| Total assets | $16,838,332 |
| Accounts payable and accrued expenses | $884,029 |
| Grants payable | $0 |
| Deferred revenue | $1,588,442 |
| 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 | $9,185,716 |
| Total liabilities | $11,658,187 |
| Net assets without donor restrictions | $5,059,804 |
| Net assets with donor restrictions | $120,341 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,180,145 |