Forum To Advance Minorities In Engineering Inc
- Assets
- $4.8m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 89
- Location
- Wilmington, DE
- Founding
- 11/1977
- Data as of
- 12/2021
- EIN
- 51-0210266
Organization Overview
Forum To Advance Minorities In Engineering Inc is located in Wilmington, DE. The organization was established in 1977. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Forum To Advance Minorities In Engineering Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forum To Advance Minorities In Engineering 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 12/2021, Forum To Advance Minorities In Engineering Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 10.5% 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
FAME INC PREPARES AND MOTIVATES STUDENTS IN GRADES K-12 WITH A SPECIFIC FOCUS ON UNDERREPRESENTED MINORITIES AND GIRLS TO ENTER COLLEGE AND COMPLETE A BACCALAUREATE DEGREE IN SCIENCE, TECHNOLOGY, ENGINEERING OR MATH RELATED FIELD OF STUDY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT EDUCATION
STUDENT EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald L Baker II Exec Directo | Officer | 40 | $164,209 |
Brandon Jones Board Member | Trustee | $0 | |
Ruth Mathis-Tucker Chair Elect | Trustee | $0 | |
Dr William Bazzelle Board Member | Trustee | $0 | |
Bryan P Tracy Board Member | Trustee | $0 | |
Alvin Boardley Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $48,079 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,303,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,715,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,067,740 |
| Total Program Service Revenue | $0 |
| Investment income | $792 |
| 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 | $5,079,647 |
| 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. | $150,708 |
| Compensation of current officers, directors, key employees. | $22,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $646,183 |
| Pension plan accruals and contributions | $10,407 |
| Other employee benefits | $21,922 |
| Payroll taxes | $64,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,133 |
| Advertising and promotion | $0 |
| Office expenses | $101,085 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,520 |
| Travel | $25 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,753 |
| Interest | $18,193 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,919 |
| Insurance | $12,086 |
| All other expenses | $5,349 |
| Total functional expenses | $1,327,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675 |
| Savings and temporary cash investments | $4,345,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,363 |
| 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 | $0 |
| Net Land, buildings, and equipment | $402,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $4,753,288 |
| Accounts payable and accrued expenses | $2,026 |
| 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 | $558,565 |
| Other liabilities | $0 |
| Total liabilities | $560,591 |
| Net assets without donor restrictions | $138,560 |
| Net assets with donor restrictions | $4,054,137 |
| 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 | $4,753,288 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Forum To Advance Minorities In Engineering Inc has recieved totaling $44,004.
| Awarding Organization | Amount |
|---|---|
Laffey-Mchugh Foundation Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $8,499 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,241 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Financial Management Association Princeton, NJ | $11,734,249 | $6,816,166 |
G R Robert Construction Co Inc Usw Welfare Tr Fund Farmingdale, NJ | $3,505,634 | $4,353,086 |
Turner Construction Company Foundation Montvale, NJ | $361,662 | $2,624,047 |
Geoprofessional Business Association Rockville, MD | $1,266,896 | $1,461,071 |
Forum To Advance Minorities In Engineering Inc Wilmington, DE | $4,753,288 | $5,079,647 |
American Council Of Engineering Companies Of Pennsylvania Harrisburg, PA | $346,690 | $701,084 |
American Society Of Highway Engineers Johnstown, PA | $2,471,910 | $829,039 |
Washington Area Council Of Engineering Laboratories Inc Bethesda, MD | $730,737 | $605,783 |
Construction Contractors Council Rockville, MD | $452,747 | $303,806 |
Society Of American Value Engineers Mount Royal, NJ | $730,052 | $343,477 |
Union Council No 8 Nj Civil Service Association Elizabeth, NJ | $93,391 | $215,551 |
International Federation Of Professional & Technical Engineers Maple Shade, NJ | $740,137 | $243,654 |