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← PROJECT MANAGEMENT INSTITUTE INC

Form 990 for tax year 2024

Filed by PROJECT MANAGEMENT INSTITUTE INC.

Totals

Total revenue
$390,418,622
Total expenses
$345,740,717
Contributions and grants received
$0
Grants paid
$12,174,768
Program service revenue
$324,545,133
Investment income
$46,722,854
Other revenue
$19,150,635
Total assets, end of year
$744,531,190
Total liabilities, end of year
$140,253,992
Net assets or fund balances, end of year
$604,277,198
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CERTIFICATIONS

    total $196,022,708 · related or exempt $196,022,708

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $88,331,528 · related or exempt $88,331,528

  • 2c · Program service revenue: SEMINARS/SYMPOSIA

    total $33,666,696 · related or exempt $33,666,696

  • 2d · Program service revenue: EDUCATION PARTNERS REVENUE

    total $6,104,864 · related or exempt $6,104,864

  • 2e · Program service revenue: ACCREDITATION REVENUE

    total $344,062 · related or exempt $344,062

  • 2f · All other program service revenue

    total $75,275 · related or exempt $75,275

  • 3 · Investment income

    total $20,441,559 · unrelated business -$229,008 · excluded $20,670,567

  • 5 · Royalties

    total $522,768 · excluded $522,768

  • 7a · Gross sales of assets other than inventory

    securities $402,292,960

  • 7b · Less cost or other basis and sales expenses

    securities $376,011,665

  • 7c · Gain or loss

    securities $26,281,295

  • 7d · Net gain or loss

    total $26,281,295 · excluded $26,281,295

  • 10a · Gross sales of inventory

    $4,560,468

  • 10b · Cost of goods sold

    $917,159

  • 10c · Net income from sales of inventory

    total $3,643,309 · related or exempt $3,643,309

  • 11a · Other revenue: COURSEWARE LICENSE FEES

    total $9,292,344 · excluded $9,292,344

  • 11b · Other revenue: ONLINE ADVERTISING

    total $3,401,057 · unrelated business $3,401,057 · excluded $0

  • 11c · Other revenue: CORPORATE SPONSORSHIPS

    total $2,111,743 · excluded $2,111,743

  • 11d · All other revenue

    total $179,414 · excluded $179,414

  • 11e · Other revenue, total

    $14,984,558

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,498,073

  • 2 · Grants to domestic individuals

    total $6,216

  • 3 · Grants to foreign organizations and individuals

    total $2,670,479

  • 5 · Compensation of officers, directors and key employees

    total $3,211,516

  • 6 · Compensation of disqualified persons

    total $1,125,191

  • 7 · Other salaries and wages

    total $83,938,964

  • 8 · Pension plan contributions

    total $5,088,714

  • 9 · Other employee benefits

    total $7,496,350

  • 10 · Payroll taxes

    total $6,232,767

  • 11a · Fees: management

    total $4,979,660

  • 11b · Fees: legal

    total $1,951,868

  • 11c · Fees: accounting

    total $892,866

  • 11f · Fees: investment management

    total $2,934,909

  • 11g · Fees: other

    total $50,710,190

  • 12 · Advertising and promotion

    total $14,429,084

  • 13 · Office expenses

    total $1,746,060

  • 14 · Information technology

    total $20,565,363

  • 15 · Royalties

    total $477,163

  • 16 · Occupancy

    total $1,895,596

  • 17 · Travel

    total $9,757,300

  • 19 · Conferences, conventions and meetings

    total $13,096,798

  • 20 · Interest

    total $29,305

  • 21 · Payments to affiliates

    total $12,161,038

  • 22 · Depreciation, depletion and amortization

    total $2,566,749

  • 23 · Insurance

    total $382,139

  • 24a · Other expenses: CERTIFICATION ADMINISTR

    total $49,650,093

  • 24b · Other expenses: CREDIT CARD FEES

    total $8,607,277

  • 24c · Other expenses: TEMP STAFF

    total $7,888,529

  • 24d · Other expenses: BOOK PRINT AND PUBLISHI

    total $3,443,116

  • 24e · All other expenses

    total $18,307,344

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,008,071 · end of year $27,988,116

  • 2 · Savings and temporary cash investments

    beginning of year $812,896 · end of year $6,624,147

  • 4 · Accounts receivable

    beginning of year $26,326,510 · end of year $19,622,153

  • 8 · Inventories for sale or use

    beginning of year $960,905 · end of year $512,003

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,841,090 · end of year $11,308,066

  • 10a · Land, buildings and equipment: cost or other basis

    $14,544,810

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,897,324

  • 10c · Land, buildings and equipment, net

    beginning of year $2,844,215 · end of year $1,647,486

  • 11 · Investments: publicly traded securities

    beginning of year $436,350,613 · end of year $481,070,375

  • 12 · Investments: other securities

    beginning of year $162,366,391 · end of year $183,894,388

  • 14 · Intangible assets

    beginning of year $9,145,630 · end of year $7,955,927

  • 15 · Other assets

    beginning of year $1,731,809 · end of year $3,908,529

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,717,191 · end of year $52,078,832

  • 19 · Deferred revenue

    beginning of year $76,135,505 · end of year $82,112,766

  • 25 · Other liabilities

    beginning of year $1,276,137 · end of year $6,062,394

  • 27 · Net assets without donor restrictions

    beginning of year $555,775,865 · end of year $603,045,655

  • 28 · Net assets with donor restrictions

    beginning of year $1,483,432 · end of year $1,231,543

Mission and programs · 2024

Mission

OUR MISSION: WE ARE A COMMUNITY CREATING THE PRODUCTS, SERVICES AND EXPERIENCES THAT POWER PROJECT SUCCESS. OUR VISION: A WORLD WHERE EVERY PROJECT LIVES UP TO ITS FULL POTENTIAL FOR POSITIVE IMPACT.

Activities or mission (Part I)

SEE SCHEDULE O

  • SEE SCHEDULE O

  • MEMBERSHIP - PMI IS THE WORLD'S LEADING ASSOCIATION FOR THE PROJECT MANAGEMENT PROFESSION, WITH MORE THAN 740,000 TOTAL MEMBERS IN MORE THAN 215 COUNTRIES AND TERRITORIES. PMI WORKS IN NEARLY EVERY COUNTRY AROUND THE WORLD TO ADVANCE CAREERS, IMPROVE ORGANIZATIONAL SUCCESS AND FURTHER MATURE THE PROJECT MANAGEMENT PROFESSION. MEMBERS HAVE ACCESS TO GLOBALLY-RECOGNIZED STANDARDS AND CERTIFICATIONS, COMMUNITIES, RESOURCES, TOOLS, ACADEMIC RESEARCH, EVENTS, PUBLICATIONS, PROFESSIONAL DEVELOPMENT COURSES, AND NETWORKING OPPORTUNITIES. ADDITIONALLY, MEMBERS RECEIVE DISCOUNTS ON PMI CREDENTIAL EXAMS AND CERTIFICATION RENEWAL FEES.

  • SEE SCHEDULE O

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Luann Piccard

    CHAIR

    Total calculated
    $0
    Hours/week
    6

  • Diane Alsing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Sarina Arcari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Tom Bloemers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Lynn A Keeys

    DIRECTOR (THRU 12/1/2024)

    Total calculated
    $0
    Hours/week
    6

  • Patrick Lucey

    DIRECTOR (AS OF 01/2024)

    Total calculated
    $0
    Hours/week
    6

  • Lissa Muncer

    DIRECTOR (AS OF 01/2024)

    Total calculated
    $0
    Hours/week
    6

  • Vanina Mangano

    DIRECTOR (AS OF 01/2024)

    Total calculated
    $0
    Hours/week
    6

  • Ike Nwankwo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Lynn Shannon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Jennifer Tharp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Galen Townson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Pierre Le Manh

    PRESIDENT & CEO

    Total calculated
    $1,614,382
    From this org
    $1,581,999
    From related orgs
    $0
    Other
    $32,383
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $896,919
    Bonus
    $670,800
    Other
    $14,280
    Deferred
    $19,987
    Nontaxable benefits
    $12,396
    Filer's total
    $1,614,382

  • Daniel Conrad

    VP, GENERAL COUNSEL & CORP SEC

    Total calculated
    $577,293
    From this org
    $540,535
    From related orgs
    $0
    Other
    $36,758
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $347,897
    Bonus
    $185,304
    Other
    $7,334
    Deferred
    $13,800
    Nontaxable benefits
    $22,958
    Filer's total
    $577,293

  • Janine Van Staden

    CHIEF FINANCIAL OFFICER & TREAS.

    Total calculated
    $469,945
    From this org
    $436,746
    From related orgs
    $0
    Other
    $33,199
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $368,069
    Bonus
    $59,850
    Other
    $8,827
    Deferred
    $22,304
    Nontaxable benefits
    $10,895
    Filer's total
    $469,945

  • Dorothy McKelvy

    VP, GLOBAL TALENT

    Total calculated
    $549,896
    From this org
    $519,148
    From related orgs
    $0
    Other
    $30,748
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $322,853
    Bonus
    $182,520
    Other
    $13,775
    Deferred
    $18,674
    Nontaxable benefits
    $12,074
    Filer's total
    $549,896

  • Yong Tao Chen

    MANAGING DIRECTOR, CHINA

    Total calculated
    $706,705
    From this org
    $0
    From related orgs
    $562,685
    Other
    $144,020
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $562,685 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $144,020 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $706,705 related

  • Mark Broome

    CHIEF PRODUCT OFFICER

    Total calculated
    $618,664
    From this org
    $575,337
    From related orgs
    $0
    Other
    $43,327
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $357,367
    Bonus
    $204,750
    Other
    $13,220
    Deferred
    $17,580
    Nontaxable benefits
    $25,747
    Filer's total
    $618,664

  • Abdullah S Wright

    CHIEF STRATEGY OFFICER

    Total calculated
    $563,219
    From this org
    $515,165
    From related orgs
    $0
    Other
    $48,054
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $325,201
    Bonus
    $184,275
    Other
    $5,689
    Deferred
    $18,622
    Nontaxable benefits
    $29,432
    Filer's total
    $563,219

  • Johannes Heinlein

    CHIEF GROWTH OFFICER

    Total calculated
    $531,528
    From this org
    $477,888
    From related orgs
    $0
    Other
    $53,640
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $380,018
    Bonus
    $85,337
    Other
    $12,533
    Deferred
    $21,590
    Nontaxable benefits
    $32,050
    Filer's total
    $531,528

  • Brantlee Underhill

    CHIEF COMMUNITY OFFICER

    Total calculated
    $565,046
    From this org
    $515,613
    From related orgs
    $0
    Other
    $49,433
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $324,493
    Bonus
    $184,275
    Other
    $6,845
    Deferred
    $21,596
    Nontaxable benefits
    $27,837
    Filer's total
    $565,046

  • Marjorie H Gordon

    FORMER OFFICER

    Total calculated
    $330,677
    From this org
    $300,852
    From related orgs
    $0
    Other
    $29,825
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $248,768
    Bonus
    $47,840
    Other
    $4,244
    Deferred
    $19,327
    Nontaxable benefits
    $10,498
    Filer's total
    $330,677

  • Ana Ajose

    FORMER OFFICER

    Total calculated
    $341,712
    From this org
    $318,407
    From related orgs
    $0
    Other
    $23,305
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $258,415
    Bonus
    $58,750
    Other
    $1,242
    Deferred
    $20,452
    Nontaxable benefits
    $2,853
    Filer's total
    $341,712

  • Sierra Hampton-Simmons

    FORMER KEY EMPLOYEE

    Total calculated
    $452,802
    From this org
    $407,372
    From related orgs
    $0
    Other
    $45,430
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $266,696
    Bonus
    $139,434
    Other
    $1,242
    Deferred
    $19,860
    Nontaxable benefits
    $25,570
    Filer's total
    $452,802

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
TAX GROSS UPS: THE GROSS UP AMOUNTS COVERED THE TAXES PAID FOR EXECUTIVE PERKS FOR CURRENT OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED (INCLUDES EXECUTIVE GTL, EXECUTIVE WELLNESS, EXECUTIVE SUPPLEMENTAL LIFE INSURANCE). HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: PMI REQUIRES THAT EXECUTIVES SUBMIT THEIR EXPENSE WITH DOCUMENTATION OF A RECEIPT SHOWING PAYMENT FOR A WELLNESS BENEFIT (EX. GYM MEMBERSHIP, WEIGHT LOSS PROGRAM, PERSONAL TRAINER, ETC.). PMI RETAINS SUPPORTING DOCUMENTATION FOR THESE FEES AND ALL BENEFITS ARE INCLUDED IN THE RESPECTIVE EMPLOYEE'S W-2 WAGES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PMI AUSTRALASIA PTY LIMITED

    ADVOCACY · AS · income $197,771 · assets $270,228

    Directly controlled by PMI

  • PMI (BEIJING) PROJECT MGMT TECH CO LTD

    ADVOCACY · CH · income $10,107,829 · assets $7,125,817

    Directly controlled by PMI

  • PMI KHALEEJI FZ-LLC

    TRAINING · AE · income $2,807,980 · assets $2,105,696

    Directly controlled by PMI AUSTRALASIA

  • PMI MANAGEMENT SINGAPORE PTE LTD

    CHPTR SUPPORT · SN · income $2,665,457 · assets $2,009,850

    Directly controlled by PMI

  • PMI ORGANIZATION CENTRE PRIVATE LIMITED

    OUTREACH/ADVOCACY · IN · income $3,971,301 · assets $3,316,172

    Directly controlled by PMI

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PMI MANAGEMENT EUROPE (BELGIUM)

    RELATED · OUTREACH · BE · 99.9% owned · share of income $854,363 · share of assets $695,822 · general or managing partner

    Directly controlled by PMI

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PMI EUROPE LIMITED

    C · HOLDING COMPANY · UK · 100% owned · share of income $6,929,809 · share of assets $2,930,463 · controlled entity

    Directly controlled by PMI

  • PMI CANADA

    C · BENCHMARKING · CA · 100% owned · share of income $1,480,377 · share of assets $289,731 · controlled entity

    Directly controlled by PMI

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349325767

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