American Institute Of Mining Metallurgical And Petroleum Engine
- Assets
- $13.4m
- Revenue
- $956.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Englewood, CO
- Founding
- 04/1937
- Data as of
- 12/2021
- EIN
- 13-1623894
Organization Overview
American Institute Of Mining Metallurgical And Petroleum Engine is located in Englewood, CO. The organization was established in 1937. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is the central organization for a 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.
For the year ending 12/2021, American Institute Of Mining Metallurgical And Petroleum Engine generated $956.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 16.2% per year over the past 7 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 2015, American Institute Of Mining Metallurgical And Petroleum Engine has awarded 20 individual grants totaling $2,489,266. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AIME SUPPORTS ITS MEMBER SOCIETIES BY EXERCISING FISCAL RESPONSIBILITY, DISTRIBUTING FUNDS, FACILITATING INTERACTION WITH THE RELEVANT, (CONTINUED ON SCH 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 AWARDS 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 SOME 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 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 CONNECTS 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 Trustee(non-Voting)/secretary | OfficerTrustee | 40 | $99,980 |
George Luxbacher Presjan-Sep Past President (oct-Dec) | OfficerTrustee | 4 | $0 |
Elizabeth Holm Pres. Elect. Design. (oct-Dec) | OfficerTrustee | 3 | $0 |
Hani Henein Past President (jan-Oct) | OfficerTrustee | 3 | $0 |
Kevin Zeik Preselectjan-Sep President(oct-Dec) | OfficerTrustee | 4 | $0 |
Jennifer Miskimins Ttoct-Dec Pres. Elect (jan-Sep) | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,648 |
| 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 | $25,648 |
| Total Program Service Revenue | $143,494 |
| Investment income | $253,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $30,906 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $489,531 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $955,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,121,970 |
| 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. | $123,003 |
| Compensation of current officers, directors, key employees. | $49,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,317 |
| Fees for services: Accounting | $24,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,884 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,284 |
| Information technology | $43,773 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $469 |
| Insurance | $6,084 |
| All other expenses | $0 |
| Total functional expenses | $1,768,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,660 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,049 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,891 |
| Prepaid expenses and deferred charges | $32,517 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,948,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $438,668 |
| Total assets | $13,446,710 |
| Accounts payable and accrued expenses | $41,898 |
| 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 | $41,898 |
| Net assets without donor restrictions | $7,926,505 |
| Net assets with donor restrictions | $5,478,307 |
| 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 | $13,446,710 |
Grants Awarded
Over the last fiscal year, American Institute Of Mining Metallurgical And Petroleum Engine has awarded $1,121,970 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Richardson, TX PURPOSE: $250K Member Society Direct; $102,387 Offshore Technology Conference Surplus Distribution | $352,387 |
Englewood, CO PURPOSE: $250K Member Society Direct; $7,772 Offshore Technology Conference Surplus Distribution | $257,772 |
Warrendale, PA PURPOSE: $250K Member Society Direct; $6,254 Offshore Technology Conference Surplus Distribution | $256,254 |
Pittsburgh, PA PURPOSE: $250K Member Society Direct; $5,557 Offshore Technology Conference Surplus Distribution | $255,557 |
Endowment Analysis
| Beg. Balance | $3,224,999 |
| Earnings | $350,448 |
| Admin Expense | $438,668 |
| Net Contributions | $889,829 |
| Grants | $22,310 |
| Ending Balance | $4,004,298 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Institute Of Mining Metallurgical And Petroleum Engine Englewood, CO | $13,446,710 | $955,952 |
American Council Of Engineering Companies Of Arizona Phoenix, AZ | $740,008 | $1,316,846 |
Intl Union Of Operating Engineers 571 Omaha, NE | $2,142,618 | $1,726,289 |
International Union Of Operating Engineers Albuquerque, NM | $391,229 | $1,202,470 |
American Council Of Engineering Companies Of Colorado Denver, CO | $407,116 | $1,087,480 |
Kansas Construction Industry Open End Savings Trust Fund Topeka, KS | $924,399 | $748,657 |
American Council Of Engineering Companies Of Oklahoma Inc Oklahoma City, OK | $140,575 | $349,720 |
Alliance Of Construction Trades Tucson, AZ | $736,923 | $283,929 |
Engineering Change Lab - Usa Omaha, NE | $159,026 | $0 |
Construction Financial Management Association Denver, CO | $138,870 | $0 |
American Council Of Engineering Com Panies Of Wyoming Acec Of Wyoming Cheyenne, WY | $151,402 | $0 |
Construction Financial Management Association Scottsdale, AZ | $131,045 | $0 |