Tennessee Society Of Professional Engineers
- Assets
- $147.3k
- Revenue
- $158.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 05/1964
- Data as of
- 06/2023
- EIN
- 62-6041550
Organization Overview
Tennessee Society Of Professional Engineers is located in Nashville, TN. The organization was established in 1964. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Tennessee 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, Tennessee Society Of Professional Engineers generated $158.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $224.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 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
TSPE PROMOTES THE ETHICAL AND COMPETENT PRACTICE OF ENGINEERING AND ADVOCATES LICENSURE, SERVES THE NEEDS OF AND ENHANCES THE IMAGE AND WELL BEING OF ALL ENGINEERING PROFESSIONALS AND PROMOTES THE INVOLVEMENT OF ENGINEERS IN SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF EDUCATION - TSPE AND ITS CHAPTERS, IN CONJUNCTION WITH THE TN ENGINEERING FOUNDATION, SPONSORED MATHCOUNTS, A MATHEMATICS COMPETITION FOR STUDENTS IN GRADES 6-8, GEARED TOWARD ENCOURAGING THE STUDY OF AND EXCELLENCE IN MATHEMATICS AMONG MIDDLE SCHOOL STUDENTS. THE PROGRAM INCLUDES LOCAL AND STATE COMPETITIONS; THE STATE WINNER PARTICIPATES IN THE NATIONAL MATHCOUNTS.TSPE SPONSORED A REVIEW COURSE FOR ENGINEERING GRADUATES WHO WERE PREPARING TO TAKE THE PRINCIPLES AND PRACTICE OF ENGINEERING EXAMINATION TO BECOME LICENSED PROFESSIONAL ENGINEERS.TSPE SPONSORED EDUCATIONAL SEMINARS AND AN ANNUAL MEETING FOR THE PURPOSE OF EDUCATING MEMBERS.
PROMOTION OF THE PROFESSIONAL INTERESTS OF ENGINEERS - TSPE PRODUCED AND DISTRIBUTED A QUARTERLY NEWSLETTER TO UPDATE AND EDUCATE MEMBERS ON ISSUES RELATED TO THE PRACTICE OF ENGINEERING; A MONTHLY ELECTRONIC NEWSLETTER WAS ALSO DISTRIBUTED TO MEMBERS ON TIMELY TOPICS.
PROMOTION OF PUBLIC WELFARE - TSPE SPONSORED ENGINEERS DAY ON THE HILL, WHICH WAS ATTENDED BY ABOUT 40 MEMBERS. THE PURPOSE OF THE EVENT WAS TO EDUCATE MEMBERS OF THE TN GENERAL ASSEMBLY ON THE IMPACT OF PROPOSED LEGISLATION ON THE PUBLIC HEALTH, SAFETY, AND WELFARE. IN ADDITION, THE EXECUTIVE DIRECTOR MONITORED AND LOBBIED THE STATE LEGISLATORS ON THESE ISSUES THROUGHOUT THE LEGISLATIVE SESSION. THE EXECUTIVE DIRECTOR ALSO ATTENDED AND PARTICIPATED IN MEETINGS OF THE TN STATE BOARD OF ARCHITECTURAL AND ENGINEERING EXAMINERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Herndon Director | Trustee | 2 | $0 |
Justin Avent Director | Trustee | 2 | $0 |
Brad Jarrett Director | Trustee | 2 | $0 |
Josh Cole Director | Trustee | 2 | $0 |
Jim Link Director | Trustee | 2 | $0 |
Tommy Northcott Director | Trustee | 2 | $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 | $2,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,800 |
| Total Program Service Revenue | $141,863 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36,620 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,939 |
| 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 | $43,625 |
| Pension plan accruals and contributions | $1,309 |
| Other employee benefits | $1,946 |
| Payroll taxes | $2,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,889 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $518 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,106 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,157 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,217 |
| Total functional expenses | $224,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,272 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $147,272 |
| Accounts payable and accrued expenses | $42,355 |
| 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 | $0 |
| Total liabilities | $42,355 |
| Net assets without donor restrictions | $0 |
| 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 | $104,917 |
| Total liabilities and net assets/fund balances | $147,272 |