International Society For Pharmaceutical Engineering Inc
- Assets
- $877.2k
- Revenue
- $180.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 05/1983
- Data as of
- 12/2021
- EIN
- 56-1780932
Organization Overview
International Society For Pharmaceutical Engineering Inc, operating under the name Carolina South Atlantic Chapter, is located in Raleigh, NC. The organization was established in 1983. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Carolina South Atlantic Chapter 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, Carolina South Atlantic Chapter generated $180.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $235.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 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
TO DEFINE AND ADDRESS THE LOCAL NEEDS OF ENGINEERS AND OTHER TECHNICAL PROFESSIONALS IN THE REGULATED HEALTHCARE MANUFACTURING INDUSTRY IN ACCORDANCE WITH THE SOCIETY'S OBJECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETINGS ARE USED TO TRAIN MEMBERS AND SHARE EXPERIENCES AND KNOWLEDGE WITH ALL PROFESSIONALS IN THE FIELD.
THE GOLF OUTING AND VARIOUS EVENTS ARE USED TO PROMOTE THE INDUSTRY AND RAISE MONEY FOR THE ORGANIZATION.
THE TECHNOLOGY SHOW IS USED TO EXHIBIT NEW TECHNOLOGICAL ADVANCES IN THE ORGANIZATION'S FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leanna Pearson Past Preside | OfficerTrustee | $0 | |
Chris Small Pe Vice Preside | OfficerTrustee | $0 | |
Bud Watts Treasurer | OfficerTrustee | $0 | |
Bo Crouse-Feuerhelm Secretary | OfficerTrustee | $0 | |
Rich Stanfield President | OfficerTrustee | $0 | |
Claudia Carroll Chapter Mana | Officer | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $168,330 |
| Investment income | $14 |
| 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 | $180,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,555 |
| 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 | $79,093 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,579 |
| Office expenses | $393 |
| Information technology | $578 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,080 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,613 |
| Insurance | $3,291 |
| All other expenses | $0 |
| Total functional expenses | $235,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $721,400 |
| Savings and temporary cash investments | $135,974 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $18,626 |
| Net Land, buildings, and equipment | $1,210 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $877,210 |
| Accounts payable and accrued expenses | $4,812 |
| Grants payable | $0 |
| Deferred revenue | $358,147 |
| 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 | $362,959 |
| Net assets without donor restrictions | $514,251 |
| 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 | $877,210 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Council Of Examiners For Engineering And Surveying Greenville, SC | $86,200,473 | $32,965,929 |
Engineering Consulting Services Ltd Employee Benefit Plan Chantilly, VA | $4,513,025 | $18,551,401 |
Korean-American Scientists And Engineers Association Inc Vienna, VA | $6,537,629 | $2,065,425 |
Construction Management Association Of America Inc Vienna, VA | $4,152,248 | $4,606,316 |
Memphis Construction Benefit Fund Goodlettsville, TN | $6,890,187 | $3,000,940 |
American Council Of Engineering Companies Of Ga Atlanta, GA | $798,765 | $1,642,968 |
Cagc Foundation Inc Charlotte, NC | $1,104,041 | $1,397,403 |
American Society Of Naval Engineers Alexandria, VA | $2,368,280 | $1,106,089 |
American Council Of Engineering Companies Of North Carolina Raleigh, NC | $315,083 | $1,205,507 |
Engineers & Surveyors Institute Chantilly, VA | $2,267,310 | $1,117,979 |
International Union Of Operating Engineers Cordova, TN | $3,221,802 | $1,188,730 |
Heavy Construction Contractors Association Manassas, VA | $894,457 | $1,045,278 |