Society Of Explosives Engineers Inc
- Assets
- $4.4m
- Revenue
- $883.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Warrensville Heights, OH
- Founding
- 03/1977
- Data as of
- 09/2021
- EIN
- 55-0566167
Organization Overview
Society Of Explosives Engineers Inc, operating under the name International Society Of Explosive Engineers, is located in Warrensville Heights, OH. 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 09/2021, International Society Of Explosive Engineers employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Society Of Explosive Engineers 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 09/2021, International Society Of Explosive Engineers generated $883.2k 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 (11.2%) each year. All expenses for the organization totaled $1.2m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 years. 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
ISEE'S MISSION IS TO ADVANCE THE SCIENCE AND ART OF EXPLOSIVES ENGINEERING. WE'VE HELPED LAUNCH 45 LOCAL ISEE CHAPTERS AND STARTED EDUCATION INITIATIVES. MOST IMPORTANTLY, WE'VE BECOME A VOICE FOR THE ENTIRE INDUSTRY, BRIDGING THE GAP BETWEEN BLASTERS AND HOMEOWNERS AND LOBBYING GOVERNMENTS FOR CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SUPPORT: SEE WILL SUPPORT ITS MEMBERS AS THEY WORK TOWARDS ADVANCING THE SCIENCE AND ART OF EXPLOSIVES ENGINEERING. ALL MEMBERS SHALL: - MAINTAIN AND PROMOTE THE SAFETY, AND HEALTH AND WELFARE OF PERSONS AND PROPERTY AT ALL TIMES. - PERFORM SERVICES ONLY IN AREAS IN WHICH THEY ARE COMPETENT. - ISSUE PUBLIC STATEMENTS ONLY IN AN OBJECTIVE AND TRUTHFUL MANNER. - ACT AS FAITHFUL AGENTS OR TRUSTEES FOR EACH EMPLOYER OR CLIENT IN PROFESSIONAL MATTERS WHILE AVOIDING CONFLICTS OF INTEREST. - BUILD THEIR PROFESSIONAL REPUTATION ON MERIT OF THEIR SERVICES AND SHALL NOT COMPETE UNFAIRLY WITH OTHERS. - UPHOLD AND ENHANCE THE HONOR, INTEGRITY, AND DIGNITY OF THE EXPLOSIVES INDUSTRY. - CONTINUE THEIR PROFESSIONAL DEVELOPMENT THROUGHOUT THEIR CAREER AND SHALL PROVIDE OPPORTUNITIES FOR THE PROFESSIONAL DEVELOPMENT OF THOSE THAT THEY SUPERVISE. - ACCEPT RESPONSIBILITY FOR THEIR ACTIONS; BE OPEN TO ACKNOWLEDGE CRITICISM OF THEIR WORK; BE SENSITIVE AND OFFER HONEST CRITICISM OF THE WORK OF OTHERS; PROPERLY CREDIT THE CONTRIBUTIONS OF OTHERS; AND SHALL NOT ACCEPT CREDIT FOR WORK THAT IS NOT THEIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Winston Forde Executive Director Until April 2021 | Officer | 40 | $145,385 |
Bradent Lusk Vice President - Administr | OfficerTrustee | 1 | $0 |
Alastair C Torrance President | OfficerTrustee | 3 | $0 |
John T Watson Treasurer | OfficerTrustee | 1 | $0 |
James P Daley Immediate Past President | OfficerTrustee | 1 | $0 |
Kristen N Kolden Secretary | OfficerTrustee | 1 | $0 |
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 | $60 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60 |
| Total Program Service Revenue | $671,442 |
| Investment income | $59,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $124,546 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $883,170 |
| 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. | $182,158 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $414,514 |
| Pension plan accruals and contributions | $9,955 |
| Other employee benefits | $52,705 |
| Payroll taxes | $44,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,278 |
| Fees for services: Accounting | $4,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,734 |
| Advertising and promotion | $41,265 |
| Office expenses | $8,807 |
| Information technology | $110,027 |
| Royalties | $190 |
| Occupancy | $162,219 |
| Travel | $12,819 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,517 |
| Insurance | $9,073 |
| All other expenses | $4,446 |
| Total functional expenses | $1,219,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,262 |
| Savings and temporary cash investments | $2,513 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,279 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,605 |
| Inventories for sale or use | $50,544 |
| Prepaid expenses and deferred charges | $84,944 |
| Net Land, buildings, and equipment | $1,057,005 |
| Investments—publicly traded securities | $2,850,015 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $894 |
| Total assets | $4,366,061 |
| Accounts payable and accrued expenses | $40,441 |
| Grants payable | $0 |
| Deferred revenue | $349,317 |
| 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 | $150 |
| Total liabilities | $389,908 |
| Net assets without donor restrictions | $3,976,153 |
| 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 | $4,366,061 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of Labor & Congress Of Industrial Orgs Detroit, MI | $3,884,943 | $3,487,738 |
The Engineering Society Of Detroit Southfield, MI | $3,346,195 | $1,905,914 |
Allied Construction Industries Cincinnati, OH | $2,335,057 | $1,569,492 |
Society Of Explosives Engineers Inc Warrensville Heights, OH | $4,366,061 | $883,170 |
American Council Of Engineering Companies Of Indiana Inc Indianapolis, IN | $1,263,884 | $984,615 |
American Council Of Engineering Companies Of Pennsylvania Harrisburg, PA | $346,690 | $701,084 |
Ohio Valley Construction Employers Council Inc Wheeling, WV | $848,101 | $619,987 |
Construction Employers Association Cleveland, OH | $4,517,150 | $1,018,098 |
Rackham Engineering Foundation Detroit, MI | $16,055,937 | $1,273,546 |
Brotherhood Of Locomotive Engineers Building Association Independence, OH | $7,413,796 | $950,539 |
American Society Of Highway Engineers Johnstown, PA | $2,471,910 | $829,039 |
American Council Of Engineering Companies Of Ohio Columbus, OH | $430,484 | $627,682 |