Lean Construction Institute Inc
- Assets
- $5.1m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Belmont, MA
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 82-0525799
Organization Overview
Lean Construction Institute Inc is located in Belmont, MA. The organization was established in 2001. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Lean Construction Institute Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lean Construction Institute 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 12/2022, Lean Construction Institute Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 6.6% 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.
Since 2016, Lean Construction Institute Inc has awarded 27 individual grants totaling $310,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: TO LEAD THE BUILDING INDUSTRY IN TRANSFORMING ITS PRACTICES AND CULTURE; VISION: A HEALTHY AND THRIVING BUILDING INDUSTRY DELIVERING OUTSTANDING PROJECT OUTCOMES EVERY TIME FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LCI CONGRESS: ALLOWS THE LEAN COMMUNITY TO COME TOGETHER FOR UNPARALLELED KNOWLEDGE-SHARING ACROSS DISCIPLINES. PROVIDES THE OPPORTUNITY TO EARN CONTINUING EDUCATION CREDITS, ENGAGE IN CUTTING-EDGE LEAN METHODS, AND NETWORK WITH YOUR PEERS AND LEAN LEADERS.
SPONSORSHIP OF RESEARCH OF IMPACTS.
EDUCATIONAL AND TRAINING PROGRAMS/WEBINARS: OFFERED TO SHARE KNOWLEDGE AND ADDRESS QUESTIONS AND METHODS DERIVED FROM ELEMENTS OF THE LEAN PROJECT DELIVERY SYSTEM. ALSO E-LEARNING IS A SERIES OF COURSEWORK WHICH ORGANIZED TO OFFER AND DEVELOP AS ONLINE LEARNING PROGRAMS.
COMMUNITIES OF PRACTICE OFFERS OPPORTUNITIES TO CONNECT LOCALLY, PARTICIPATE IN EDUCATION COURSES AND WORKSHOPS, HEAR FROM LOCAL LEAN PROJECT TEAMS, ATTEND GEMBA WALKS, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Chiu Chair | OfficerTrustee | 0.4 | $0 |
Henry Nutt III Vice Chair | OfficerTrustee | 0.4 | $0 |
James Pease Treasurer | OfficerTrustee | 0.4 | $0 |
Bernita Beikmann Director | Trustee | 0.4 | $0 |
George Cusick Director | Trustee | 0.4 | $0 |
Cindy Deihl Director | Trustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Precon Events Av | 12/30/22 | $270,342 |
Threshold Technologies It Consulting | 12/30/22 | $253,767 |
Penn State University Research | 12/30/22 | $134,000 |
Shannyn Heyer Accounting | 12/30/22 | $112,270 |
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 | $84,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,619 |
| Total Program Service Revenue | $4,244,857 |
| Investment income | $87,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20,345 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$65,416 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,039 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,393,579 |
| 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. | $713,927 |
| Compensation of current officers, directors, key employees. | $238,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $456,902 |
| Pension plan accruals and contributions | $22,050 |
| Other employee benefits | $33,557 |
| Payroll taxes | $75,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,941 |
| Fees for services: Accounting | $117,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,042 |
| Fees for services: Other | $203,005 |
| Advertising and promotion | $44,682 |
| Office expenses | $71,920 |
| Information technology | $84,018 |
| Royalties | $0 |
| Occupancy | $19,120 |
| Travel | $93,153 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,445,965 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,753 |
| Insurance | $6,242 |
| All other expenses | $0 |
| Total functional expenses | $4,016,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,748,972 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,443 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,353 |
| Prepaid expenses and deferred charges | $238,438 |
| Net Land, buildings, and equipment | $7,371 |
| Investments—publicly traded securities | $2,961,920 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,533 |
| Other assets | $15,049 |
| Total assets | $5,078,079 |
| Accounts payable and accrued expenses | $111,239 |
| Grants payable | $0 |
| Deferred revenue | $706,257 |
| 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 | $817,496 |
| Net assets without donor restrictions | $4,245,983 |
| Net assets with donor restrictions | $14,600 |
| 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 | $5,078,079 |
Grants Awarded
Over the last fiscal year, Lean Construction Institute Inc has awarded $100,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WASHINGTON PURPOSE: RESEARCH GRANT | $10,000 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: RESEARCH GRANT | $40,000 |
THE PENNSYLVANIA STATE UNIVERSITY PURPOSE: RESEARCH GRANT | $20,000 |
ARIZONA STATE UNIVERSITY PURPOSE: RESEARCH GRANT | $10,000 |
UNIVERSITY OF NEBRASKA-LINCOLN PURPOSE: RESEARCH GRANT | $10,000 |
MICHIGAN STATE UNIVERSITY PURPOSE: RESEARCH GRANT | $10,000 |