Post Tensioning Institute
- Assets
- $1.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 02/1977
- Data as of
- 12/2021
- EIN
- 36-2870929
Organization Overview
Post Tensioning Institute is located in Farmington Hills, MI. The organization was established in 1977. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Post Tensioning Institute 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 12/2021, Post Tensioning Institute generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 4.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
POST TENSIONING INSTITUTE IS RECOGNIZED AS THE WORLD-WIDE AUTHORITY ON POST TENSIONING. WE ARE DEDICATED TO EXPANDING POST-TENSIONING APPLICATIONS THROUGH MARKETING, EDUCATION, RESEARCH, TEAMWORK AND CODE DEVELOPMENT WHILE ADVANCING QUALITY, SAFETY AND EFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PTI'S CERTIFICATION OF FIELD PERSONNEL IS DESIGNED TO EDUCATE FIELD PERSONNEL INVOLVED IN THE INSTALLATION AND INSPECTION OF POST-TENSIONING SYSTEMS ON THE THEORIES BEHIND POST-TENSIONED CONCRETE, POST-TENSIONING COMPONENTS, INSTALLATION REQUIREMENTS, USE OF THE STRESSING EQUIPMENT AND SPECIAL REQUIREMENTS FOR ENCAPSULATED SYSTEMS AND BARRIER CABLE SYSTEMS. PTI'S PLANT CERTIFICATION PROGRAM IS DESIGNED TO ASSURE QUALITY COMPONENT, RELIABLE FABRICATION, AND RESPONSIBLE DOCUMENTATION. THIS INDUSTRY WIDE PROGRAM PROVIDES PROFESSIONAL, INDEPENDENT VERIFICATION THAT THE CERTIFIED PLANT CAN PRODUCE UNBONDED TENDONS IN COMPLIANCE WITH PTI SPECIFICATIONS.
PTI'S TECHNICAL COMMITTEES PRODUCE CONSENSUS BASED DOCUMENTS FOR THE DESIGN AND CONSTRUCTION OF POST-TENSIONED STRUCTURES. SEMINARS ARE HELD TO DISSEMINATE THIS INFORMATION TO THE POST-TENSIONING INDUSTRY. CONTINUING EDUCATION UNITS (CEU'S) ARE AWARDED TO ATTENDEES THAT COMPLETE SEMINARS.
PTI'S MEMBERSHIP IS KEPT INFORMED OF THE ASSOCIATION'S ACTIVITIES VIA QUARTERLY NEWSLETTERS, THE PTI JOURNAL AND AN ANNUAL MEMBERSHIP DIRECTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Johnson Executive Director | OfficerTrustee | 40 | $196,971 |
Timothy Christle Engineer | 40 | $141,313 | |
Amy Dowell Engineer | 40 | $122,537 | |
Donna Halstead Director Of Finance | Officer | 1 | $5,150 |
Gregory Hunsicker Vice President | OfficerTrustee | 1 | $0 |
Jack Graves President | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advancing Organizational Excellence Management Services | 12/30/21 | $1,165,037 |
Charles R Adams And Associates Inc Plant Inspector/instructor | 12/30/21 | $198,100 |
Miroslav Vejvoda Certification Honorariums; Committee Work | 12/30/21 | $106,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,030 |
| 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 | $1,030 |
| Total Program Service Revenue | $2,379,754 |
| Investment income | $144,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,551,372 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,181,028 |
| Fees for services: Legal | $19,236 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,067 |
| Fees for services: Other | $101,408 |
| Advertising and promotion | $60,561 |
| Office expenses | $103,174 |
| Information technology | $6,119 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $111,506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,495 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,926 |
| All other expenses | $685 |
| Total functional expenses | $2,269,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,602 |
| Savings and temporary cash investments | $10,139 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,841 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,411 |
| Prepaid expenses and deferred charges | $66,904 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,392,606 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,848,503 |
| Accounts payable and accrued expenses | $109,877 |
| Grants payable | $0 |
| Deferred revenue | $326,782 |
| 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 | $436,659 |
| Net assets without donor restrictions | $1,411,844 |
| 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 | $1,848,503 |
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