Kentucky Society Of Professional Engineers
- Assets
- $344.3k
- Revenue
- $234.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Frankfort, KY
- Founding
- 09/1976
- Data as of
- 06/2023
- EIN
- 61-0562692
Organization Overview
Kentucky Society Of Professional Engineers is located in Frankfort, KY. The organization was established in 1976. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 06/2023, Kentucky Society Of Professional Engineers employed 4 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Kentucky Society Of Professional 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 06/2023, Kentucky Society Of Professional Engineers generated $234.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $231.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (16.8%) per year over the past 5 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 ADVOCATE THE APPLICATION OF ENGINEERING KNOWLEDGE AND SKILLS FOR THE PUBLIC HEALTH, SAFETY, AND WELFARE; TO PROMOTE THE HIGHEST STANDARDS OF ENGINEERING EDUCATION; TO INFLUENCE PUBLIC POLICY; TO FOSTER SOCIETY'S UNDERSTANDING OF THE ROLE OF ENGINEERING; TO COMMUNICATE THE IMPORTANCE OF ENGINEERING LICENSURE; TO STIMULATE STUDENT INTEREST IN MATHEMATICS AND SCIENCE AND ENCOURAGE YOUNG PEOPLE TO ENTER THE ENGINEERING PROFESSION; TO REPRESENT THE INTERESTS OF ENGINEERING DISCIPLINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINAR PROGRAM PROVIDES OPPORTUNITY FOR PROMOTING THE COMMON BUSINESS AND PROFESSIONAL INTERESTS OF ENGINEERS. IN ADDITION, KENTUCKY NOW HAS A CONTINUING PROFESSIONAL DEVELOPMENT REQUIREMENT FOR ENGINEERS, AND THIS PROVIDES A SERVICE TO ENGINEERING COMMUNITY TO FULLFILL THESE REQUIREMENTS. THESE EDUCATIONAL OPPORTUNITIES DISCUSS NEW UPDATES IN TECHNOLOGICAL ADVANCES IN ENGINEERING BETTERING THE SAFETY ASPECT OF ENGINEERING FOR THE GENERAL PUBLIC.
KENTUCKY ENGINEER MAGAZINE PROVIDES THE OPPORTUNITY TO KEEP THE ENGINEERING PROFESSION UPDATED ON THE LATEST TECHNOLOGY AND PRACTICE STANDARDS AND ENGINEERING NEWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Crawford President | Officer | $0 | |
Dusty Barrett President El | Officer | $0 | |
Wes Sydnor Past Preside | Officer | $0 | |
Stephanie Blain Treasuer | Officer | $0 | |
Liz Dienst Secretary | Officer | $0 | |
Len Harper Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $116,231 |
| 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 | $116,231 |
| Total Program Service Revenue | $102,361 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,442 |
| 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 | $234,034 |
| 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 | $102,021 |
| Pension plan accruals and contributions | $3,904 |
| Other employee benefits | $1,466 |
| Payroll taxes | $8,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,752 |
| Advertising and promotion | $0 |
| Office expenses | $8,544 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,316 |
| Interest | $1,958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,191 |
| Insurance | $6,474 |
| All other expenses | $23,002 |
| Total functional expenses | $231,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,150 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,699 |
| 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 | $103 |
| Net Land, buildings, and equipment | $234,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $344,313 |
| Accounts payable and accrued expenses | $23,146 |
| Grants payable | $0 |
| Deferred revenue | $57,273 |
| 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 | $69,121 |
| Other liabilities | $0 |
| Total liabilities | $149,540 |
| Net assets without donor restrictions | $194,773 |
| 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 | $344,313 |