Association Of Energy Engineers Inc
- Assets
- $14.2m
- Revenue
- $9.7m
- Investments
- $8.2m
- Employees
- 32
- Location
- Atlanta, GA
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 58-1306354
Organization Overview
Association Of Energy Engineers Inc is located in Atlanta, GA. The organization was established in 1998. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 12/2022, Association Of Energy Engineers Inc employed 32 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Association Of Energy Engineers 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 12/2022, Association Of Energy Engineers Inc generated $9.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $8.1m during the year ending 12/2022. While expenses have increased by 4.1% 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
THE ASSOCIATION OF ENERGY ENGINEERS MISSION IS TO PROMOTE SCIENTIFIC AND EDUCATIONAL INTERESTS OF THOSE ENGAGED IN THE ENERGY INDUSTRY THROUGH CERTIFICATION PROGRAMS, MEMBERSHIP SERVICES, AND CONFERENCES. ADDITIONALLY TO FOSTER COOPERATIVE ACTION IN ADVANCING THE COMMON PURPOSE OF ITS MEMBERS AND TO PROMOTE ACTIVITIES DESIGNED TO ENABLE THE INDUSTRY TO BE CONDUCTED WITH THE GREATEST ECONOMY AND EFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLD CONFERENCE/4154THE PURPOSE OF THIS CONFERENCE IS TO PROMOTE EDUCATIONAL INTEREST AND SERVE AS A NETWORK FOR THOSE ENGAGED IN THE ENERGY INDUSTRY.
EAST CONFERENCE/4264 THE PURPOSE OF THIS CONFERENCE IS TO PROMOTE EDUCATIONAL INTEREST AND SERVE ASS A NETWORK FOR THOSE ENGAGED IN THE ENERGY INDUSTRY.
EDUCATION AND TRAININGS TO PROMOTE SCIENTIFIC AND EDUCATIONAL INTERESTS OF THOSE ENGAGED IN THE ENERGY INDUSTRY THROUGH CERTIFICATION PROGRAMS, MEMBERSHIP SERVICES, AND CONFERENCES.
WEST CONFERENCE/4285 THE PURPOSE OF THIS CONFERENCE IS TO PROMOTE EDUCATIONAL INTEREST AND SERVE AS A NETWORK FOR THOSE ENGAGED IN THE ENERGY INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Kent Executive Director | OfficerTrustee | 40 | $309,836 |
Fotouh Al-Ragom President | OfficerTrustee | 1 | $0 |
George Barksdale Past President | Trustee | 1 | $0 |
Rusty Hodapp Board Member | Trustee | 1 | $0 |
Tim Janos Treasurer | OfficerTrustee | 1 | $0 |
Eric Oliver President-Elect | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Profitable Green Solutions Educational Instructor Services | 12/30/22 | $443,135 |
Clint Christenson Educational Instructor Services | 12/30/22 | $112,000 |
Acela Energy Group Educational Instructor Services | 12/30/22 | $232,803 |
Spectrum Energy Concepts Educational Instructor Services | 12/30/22 | $250,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,051,705 |
| 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 | $2,051,705 |
| Total Program Service Revenue | $7,307,634 |
| Investment income | $185,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,653,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,250 |
| 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. | $935,324 |
| Compensation of current officers, directors, key employees. | $233,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,176,719 |
| Pension plan accruals and contributions | $446,616 |
| Other employee benefits | $312,183 |
| Payroll taxes | $155,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $88,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,075 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,015 |
| Office expenses | $19,888 |
| Information technology | $287,955 |
| Royalties | $0 |
| Occupancy | $24,508 |
| Travel | $231,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,503,798 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,441 |
| Insurance | $30,076 |
| All other expenses | $259,267 |
| Total functional expenses | $8,127,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,478,524 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $655,209 |
| 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 | $96,403 |
| Net Land, buildings, and equipment | $1,471,017 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,234,037 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $240,857 |
| Total assets | $14,176,047 |
| Accounts payable and accrued expenses | $557,229 |
| Grants payable | $0 |
| Deferred revenue | $1,588,802 |
| 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 | $103,794 |
| Total liabilities | $2,249,825 |
| Net assets without donor restrictions | $11,926,222 |
| 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 | $14,176,047 |