American Institute Of Mining Metallurgical And Petroleum Engine
- Assets
- $12.0m
- Revenue
- $2.0m
- Investments
- $373.6k
- Employees
- 1
- Location
- San Ramon, CA
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 61-1855149
Organization Overview
American Institute Of Mining Metallurgical And Petroleum Engine is located in San Ramon, CA. The organization was established in 2018. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, 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. American Institute Of Mining Metallurgical And Petroleum Engine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AIME SUPPORTS ITS MEMBER SOCIETIES BY EXERCISING FISCAL RESPONSIBILITY, DISTRIBUTING FUNDS, FACILITATING INTERACTION WITH THE COMMUNITY, (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIME PROVIDES GRANTS TO ENCOURAGE COLLABORATION AMONG THE MEMBER SOCIETIES AND SUPPORT EFFORTS THAT CUT ACROSS ALL DISCIPLINES.
AIME PROVIDES SUPPORT TO THE MEMBER SOCIETIES FOR THEIR AWARD OF SCHOLARSHIPS, AS WELL AS CERTAIN MEDALS AND AWARDS, INCLUDING HONORARY MEMBERSHIP. MANY AWARDS CARRY THE NAMESAKE OF ICONS WITHIN THE AIME DISCIPLINES OF MINING, METALLURGICAL, AND PETROLEUM ENGINEERING, THE STEEL AND IRON INDUSTRY, AND MATERIALS SCIENCE. AIME ALSO PROVIDES THE MEMBER SOCIETIES THE ANNUAL INCOME FROM ENDOWMENT FUNDS TO SUPPORT SPECIFIC PROGRAMS SUCH AS DISTINGUISHED LECTURERS, STUDENTS, YOUNG PROFESSIONALS, AND THE TECHNICAL LIBRARIES.
AIME HAS A UNIQUE POSITION IN THE ENGINEERING AND SCIENTIFIC THE COMMUNITY; IT IS A LIAISON BETWEEN ITS MEMBER SOCIETIES AND THE RELEVANT ENGINEERING AND SCIENTIFIC COMMUNITY. AIME REPRESENTS ITS MEMBER SOCIETIES AT JOINT FUNCTIONS AND CONNECT THEM TO THE COMMUNITIES, SHARING BEST PRACTICES, AND SUPPORTING OTHER COLLABORATIVE EFFORTS TO WORK JOINTLY FOR THE GREATER GOOD OF THE PROFESSION AND SOCIETY AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Lawrie-Munro Exec. Director(to 06/2023) | Officer | 40 | $117,090 |
Kevin Zeik Past President (to 8/2023) | OfficerTrustee | 4 | $0 |
Jennifer Miskimins President | OfficerTrustee | 4 | $0 |
Elizabeth Holm Treasurer & Pres.-Elect | OfficerTrustee | 4 | $0 |
Steve Gardner Pres-Elect Designate | OfficerTrustee | 4 | $0 |
Ron Ashburn Trustee | Trustee | 4 | $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 | $1,277,562 |
| Investment income | $287,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $56,703 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $389,994 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,012,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,693,941 |
| 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. | $119,900 |
| Compensation of current officers, directors, key employees. | $119,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,363 |
| Fees for services: Management | $62,674 |
| Fees for services: Legal | $4,910 |
| Fees for services: Accounting | $14,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,166 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,856 |
| Office expenses | $9,012 |
| Information technology | $16,383 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,750 |
| All other expenses | $0 |
| Total functional expenses | $2,100,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,316 |
| Savings and temporary cash investments | $156,782 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,785 |
| Prepaid expenses and deferred charges | $46,938 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,330,077 |
| Investments—other securities | $373,639 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,011,632 |
| Accounts payable and accrued expenses | $13,666 |
| 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 | $56,220 |
| Total liabilities | $69,886 |
| Net assets without donor restrictions | $7,052,794 |
| Net assets with donor restrictions | $4,888,952 |
| 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 | $12,011,632 |
Grants Awarded
Over the last fiscal year, American Institute Of Mining Metallurgical And Petroleum Engine has awarded $1,693,944 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASSN IRON AND STEEL TECHNOLOGY PURPOSE: Tech Conf & scholarships | $412,636 |
THE MINERALS METALS AND MATERIALS SOCIETY PURPOSE: Offshore Technology Conference Surplus Share Grant, Endowment Fund Grants (Mudd, Douglas Library, and Hayden Funds) | $412,636 |
SOCIETY OF PETROLEUM ENGINEERS PURPOSE: Offshore Technology Conference Surplus Share Grant, Endowment Fund Grants (Mudd, Douglas Library, Hayden, Doherty, and AIME Petroleum Research Funds) | $442,636 |
SOCIETY FOR MINING METALLURGY & EXPLORATION PURPOSE: Offshore Technology Conference Surplus Share Grant, Endowment Fund Grants (Mudd, Douglas Library, Hayden, and Eavenson Funds) | $426,036 |