Construction Specifications Institute Inc
- Assets
- $11.4m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 24
- Location
- Alexandria, VA
- Founding
- 02/1950
- Data as of
- 06/2022
- EIN
- 53-0242938
Organization Overview
Construction Specifications Institute Inc is located in Alexandria, VA. The organization was established in 1950. 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. As of 06/2022, Construction Specifications Institute Inc employed 24 individuals. This organization is the central organization for a national or regional group of organizations. Construction Specifications 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 06/2022, Construction Specifications Institute Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 9.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE BUILDING INFO MGMT & EDUCATION OF PROJECT TEAMS TO IMPROVE FACILITY PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL PROGRAMS: STANDARDS AND FORMATS PROVIDED TO PERSONS ENGAGED IN ANY PHASE OF WRITING, PREPARING, COMPILING, OR UTILIZING SPECIFICATIONS IN THE INDUSTRY.
CONVENTION: PROVIDES ACCREDITED EDUCATION AND UNPARALLELED NETWORKING.
EDUCATIONAL AND CERTIFICATION PROGRAMS: PROFESSIONAL DEVELOPMENT SEMINARS AND WEBINARS IN TECHNICAL, SALES, AND MANAGEMENT SKILLS. CSI ALSO CONDUCTS FOUR RIGOROUS CERTIFICATION PROGRAMS (CDT, CCS, CCCA, AND CCPR).
CONSTRUCTION SPECIFIER: PUBLICATION THAT PROVIDES TECHNICAL INFORMATION AND TOPICAL ISSUES TO THE MEMBERSHIP, PERSONS IN THE INDUSTRY, AND THE GENERAL PUBLIC AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin Kemp Board Chair | OfficerTrustee | 15 | $0 |
Arthur Featherstonhaugh IV Chair-Elect | OfficerTrustee | 10 | $0 |
Jori Smith Secretary | OfficerTrustee | 5 | $0 |
William Hayward Treasurer | OfficerTrustee | 5 | $0 |
Wade Bevier Director-At-Large | Trustee | 2 | $0 |
Jarrod Mann Director-At-Large | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cimatri Holdco Llc It Support | 6/29/22 | $830,948 |
Brightkey Inc Member Services Support | 6/29/22 | $590,499 |
Access Marketing & Events Llc Marketing Support | 6/29/22 | $449,225 |
Prometric Inc Certification Exams | 6/29/22 | $314,831 |
Tom V Silva Dba Silva Brand Llc Marketing Support | 6/29/22 | $256,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $435,722 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,472 |
| Total Program Service Revenue | $4,845,285 |
| Investment income | $338,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $40,847 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,520 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,684,338 |
| 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. | $620,569 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,619,352 |
| Pension plan accruals and contributions | $109,985 |
| Other employee benefits | $150,545 |
| Payroll taxes | $142,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $190,087 |
| Fees for services: Accounting | $18,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,229 |
| Fees for services: Other | $1,369,759 |
| Advertising and promotion | $437,132 |
| Office expenses | $221,951 |
| Information technology | $1,641,539 |
| Royalties | $0 |
| Occupancy | $82,286 |
| Travel | $590,547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215,787 |
| Interest | $319 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,159 |
| Insurance | $53,263 |
| All other expenses | $97,023 |
| Total functional expenses | $7,987,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,826 |
| Savings and temporary cash investments | $514,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $92,577 |
| Prepaid expenses and deferred charges | $248,565 |
| Net Land, buildings, and equipment | $101,230 |
| Investments—publicly traded securities | $9,539,686 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $376,923 |
| Total assets | $11,426,197 |
| Accounts payable and accrued expenses | $990,345 |
| Grants payable | $0 |
| Deferred revenue | $1,643,520 |
| 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 | $305,779 |
| Total liabilities | $2,939,644 |
| Net assets without donor restrictions | $8,486,553 |
| 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 | $11,426,197 |