Performance Review Institute Inc
- Assets
- $82.0m
- Revenue
- $62.5m
- Investments
- $3.8m
- Employees
- 185
- Location
- Warrendale, PA
- Founding
- 07/1993
- Data as of
- 12/2023
- EIN
- 25-1633904
Organization Overview
Performance Review Institute Inc is located in Warrendale, PA. The organization was established in 1993. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Performance Review Institute Inc employed 185 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Performance Review Institute Inc 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 12/2023, Performance Review Institute Inc generated $62.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $63.7m during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDUSTRY MANAGED PROGRAMS: PROVIDES AUDITS OF SPECIAL MANUFACTURING PROCESSES TO INDUSTRY DEVELOPED AUDIT CRITERIA AS DEFINED BY CONSENSUS OF ALL INDUSTRY PARTICIPANTS RESULTING IN ACCREDITATION RECOGNIZED INTERNATIONALLY BY INDUSTRY OEM'S.
REGISTRAR PROGRAM: ACCREDITED BY ANAB & RVA, PROVIDES QUALITY, ENVIRONMENTAL, HEALTH & SAFETY, INFORMATION SECURITY AND INFORMATION TECHNOLOGY MANAGEMENT SYSTEM AUDITS TO VARIOUS INTERNATIONAL STANDARDS RESULTING IN CERTIFICATION TO SUCH STANDARDS.
PROFESSIONAL DEVELOPMENT PROGRAM: PROVIDE OUTSTANDING LEARNING SOLUTIONS THROUGH GLOBAL INDUSTRY DRIVEN TRAINING TO ADD VALUE TO THE VARIOUS INDUSTRY MANAGED PROGRAMS, AND PROVIDE A PROGRAM FOR THE CERTIFICATION OF SELECT AEROSPACE PERSONNEL AS COMPETENT IN A SPECIFIC SPECIALIZED MANUFACTURING PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Schutt PHD President | OfficerTrustee | 13 | $0 |
Jonathan Solomond Evp & COO | Officer | 40 | $419,250 |
Richard Wilkie Chief Information Officer | 13 | $0 | |
Gregory Bradley ESQ Chief General Counsel | 12 | $0 | |
Brian Trybend Secretary/treas/cfo | Officer | 11 | $0 |
Anthony W Parfitt Dir. Of Software Eng | 40 | $239,733 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sigma Resources Llc It Consulting | 12/30/23 | $943,890 |
Greg Swan Associates Inc Acquisition Services | 12/30/23 | $750,000 |
Albright Stonebridge Group Strategic Advisor | 12/30/23 | $261,250 |
Beacon Hill Staffing Group It Consulting | 12/30/23 | $512,289 |
Martin Associates Llc Quality System Audit | 12/30/23 | $225,200 |
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 | $60,691,888 |
| Investment income | $714,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,044,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,532,012 |
| 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. | $526,580 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,664,690 |
| Pension plan accruals and contributions | $1,025,868 |
| Other employee benefits | $1,194,613 |
| Payroll taxes | $858,427 |
| Fees for services: Management | $24,265 |
| Fees for services: Legal | $360,414 |
| Fees for services: Accounting | $15,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $180,355 |
| Fees for services: Other | $3,481,398 |
| Advertising and promotion | $427,932 |
| Office expenses | $538,198 |
| Information technology | $1,280,535 |
| Royalties | $19,276 |
| Occupancy | $630,196 |
| Travel | $1,281,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,484,014 |
| Interest | $427,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,862,374 |
| Insurance | $144,648 |
| All other expenses | $132,184 |
| Total functional expenses | $63,747,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,018,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,584,802 |
| 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 | $2,282,851 |
| Net Land, buildings, and equipment | $7,141,268 |
| Investments—publicly traded securities | $32,835,885 |
| Investments—other securities | $3,837,859 |
| Investments—program-related | $0 |
| Intangible assets | $24,048,305 |
| Other assets | $5,250,846 |
| Total assets | $82,000,497 |
| Accounts payable and accrued expenses | $3,339,972 |
| Grants payable | $0 |
| Deferred revenue | $10,084,285 |
| 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 | $10,993,136 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,945,382 |
| Total liabilities | $29,362,775 |
| Net assets without donor restrictions | $52,637,722 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $82,000,497 |