Illuminating Engineering Society
- Assets
- $18.8m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 33
- Location
- New York, NY
- Founding
- 02/1991
- Data as of
- 06/2020
- EIN
- 13-1767038
Organization Overview
Illuminating Engineering Society is located in New York, NY. The organization was established in 1991. 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 06/2021, Illuminating Engineering Society employed 33 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Illuminating Engineering Society 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 06/2020, Illuminating Engineering Society generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $8.7m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
STANDARDS, RESEARCH, LEUKOS & TECHNICAL COMMITTEES: SEE SCHEDULE O
LD+A & EDITORIAL: SEE SCHEDULE O
CONFERENCES: SEE SCHEDULE O
MEMBERSHIP, EDUCATION, INDUSTRY RELATIONS & SCHOLARSHIP FUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy L Licitra Executive Director | Officer | 35 | $248,319 |
Brian S Liebel Dir. Of Stand & Research | Officer | 35 | $225,211 |
Paul P Tarricone Editor And Publisher | Officer | 35 | $195,207 |
Olga Loukina Director Of Finance | Officer | 35 | $174,096 |
Mark S Lien Industry Relations Manager | Officer | 35 | $172,619 |
Thomas Butters Director Of Education | 35 | $157,697 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
St Croix Press Inc Ld+a Magazine Production | 6/29/21 | $110,181 |
American Eaglecom Ny Inc It-related Services Consulting | 6/29/21 | $127,500 |
Nicolaas Bleeker Marketing & Other Membership Program Con | 6/29/21 | $118,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,626,564 |
| Investment income | $337,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $146,747 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $233,177 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,095,869 |
| Statement of Expenses | |
|---|---|
| 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. | $1,195,890 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,897,176 |
| Pension plan accruals and contributions | $113,830 |
| Other employee benefits | $314,477 |
| Payroll taxes | $189,257 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,189 |
| Fees for services: Accounting | $29,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,802 |
| Fees for services: Other | $266,057 |
| Advertising and promotion | $140,056 |
| Office expenses | $393,205 |
| Information technology | $7,325 |
| Royalties | $0 |
| Occupancy | $513,367 |
| Travel | $427,006 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,467,630 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,090 |
| Insurance | $64,744 |
| All other expenses | $0 |
| Total functional expenses | $8,661,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $989,256 |
| Savings and temporary cash investments | $3,950,325 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $343,834 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $458,071 |
| Prepaid expenses and deferred charges | $267,076 |
| Investments—publicly traded securities | $10,433,102 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,835,076 |
| Accounts payable and accrued expenses | $397,986 |
| Grants payable | $0 |
| Deferred revenue | $333,631 |
| 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 | $1,629,559 |
| Total liabilities | $2,361,176 |
| 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 |
| Total liabilities and net assets/fund balances | $16,473,900 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Illuminating Engineering Society has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $12,500 |
Endowment Analysis
| Beg. Balance | $8,843,218 |
| Earnings | $867,756 |
| Other Expense | $925,218 |
| Ending Balance | $8,785,756 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Academy Of Sciences New York, NY | $16,349,796 | $18,722,535 |
American Meteorological Society Boston, MA | $23,955,564 | $17,020,268 |
Illuminating Engineering Society New York, NY | $18,835,076 | $5,095,869 |
Minerals Metals & Materials Society Inc Pittsburgh, PA | $11,544,301 | $7,904,003 |
Acoustical Society Of America Melville, NY | $27,852,210 | $5,622,240 |
Electrochemical Society Inc Pennington, NJ | $20,353,455 | $3,651,549 |
Explorers Club New York, NY | $15,490,739 | $4,443,470 |
Igem Foundation Inc Cambridge, MA | $4,229,953 | $5,084,700 |
Society Of Cosmetic Chemists New York, NY | $2,038,387 | $1,831,767 |
Guild Of Future Architects Foundation West Th Street, NY | $810,502 | $1,697,027 |
Prpl Foundation Inc Wakefield, MA | $4,671,273 | $795,026 |
Research And Development Council Of New Jersey Inc Chatham, NJ | $403,134 | $1,265,540 |