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← PERFORMANCE REVIEW INSTITUTE INC

Form 990 for tax year 2024

Filed by PERFORMANCE REVIEW INSTITUTE INC.

Totals

Total revenue
$70,315,397
Total expenses
$68,776,800
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$67,774,003
Investment income
$2,545,160
Other revenue
-$3,766
Total assets, end of year
$81,202,544
Total liabilities, end of year
$27,302,238
Net assets or fund balances, end of year
$53,900,306
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: AUDIT PROGRAMS

    total $65,341,791 · related or exempt $65,341,791

  • 2b · Program service revenue: PROFESSIONAL DEVELOPMENT

    total $2,432,212 · related or exempt $2,432,212

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $559,845 · excluded $559,845

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $11,671,000

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

    securities $9,685,685

  • 7c · Gain or loss

    securities $1,985,315 · other assets $0

  • 7d · Net gain or loss

    total $1,985,315 · excluded $1,985,315

  • 11a · Other revenue: FOREIGN CURRENCY TRANSACTION LOSS

    total -$3,766 · related or exempt -$3,766

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    -$3,766

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $562,482

  • 7 · Other salaries and wages

    total $14,239,408

  • 8 · Pension plan contributions

    total $1,378,006

  • 9 · Other employee benefits

    total $1,617,352

  • 10 · Payroll taxes

    total $574,108

  • 11b · Fees: legal

    total $106,131

  • 11c · Fees: accounting

    total $120,502

  • 11f · Fees: investment management

    total $107,795

  • 11g · Fees: other

    total $2,759,120

  • 12 · Advertising and promotion

    total $515,268

  • 13 · Office expenses

    total $357,915

  • 14 · Information technology

    total $2,736,612

  • 16 · Occupancy

    total $695,516

  • 17 · Travel

    total $1,348,690

  • 19 · Conferences, conventions and meetings

    total $1,671,322

  • 20 · Interest

    total $543,499

  • 22 · Depreciation, depletion and amortization

    total $2,403,213

  • 23 · Insurance

    total $159,241

  • 24a · Other expenses: AUDITOR/INSTRUCTOR FEES

    total $32,698,104

  • 24b · Other expenses: MISCELLANEOUS

    total $3,660,392

  • 24c · Other expenses: LICENSES

    total $417,116

  • 24d · Other expenses: BAD DEBT

    total $83,925

  • 24e · All other expenses

    total $21,083

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,018,681 · end of year $1,490,233

  • 4 · Accounts receivable

    beginning of year $4,584,802 · end of year $4,558,120

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,282,851 · end of year $1,529,807

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

    $14,870,600

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

    $3,579,074

  • 10c · Land, buildings and equipment, net

    beginning of year $7,141,268 · end of year $11,291,526

  • 11 · Investments: publicly traded securities

    beginning of year $32,835,885 · end of year $24,873,141

  • 12 · Investments: other securities

    beginning of year $3,837,859 · end of year $3,563,512

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $24,048,305 · end of year $27,925,571

  • 15 · Other assets

    beginning of year $5,250,846 · end of year $5,970,634

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,339,972 · end of year $4,433,071

  • 19 · Deferred revenue

    beginning of year $10,084,285 · end of year $9,512,676

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $10,993,136 · end of year $9,404,094

  • 25 · Other liabilities

    beginning of year $4,945,382 · end of year $3,952,397

  • 27 · Net assets without donor restrictions

    beginning of year $52,637,722 · end of year $53,900,306

Mission and programs · 2024

Mission

THE PURPOSE OF THE CORPORATION IS TO ENGAGE IN ACTIVITIES PERMITTED FOR CORPORATIONS DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE") PARTICULARLY TO FOSTER, ADVANCE AND PROMOTE THE INTERESTS OF THE AUTOMOTIVE INDUSTRIES: LAND, SEA, AIR AND SPACE; TO COMPILE AND REVIEW PERFORMANCE STANDARDS; TO PROMOTE AND ADMINISTER QUALITY ASSURANCE, ACCREDITATION AND CERTIFICATION PROGRAMS FOR THE BENEFIT OF THE GENERAL PUBLIC, INDUSTRY AND GOVERNMENT; TO CONTRIBUTE FUNDS, PROPERTY AND SERVICE TO NONPROFIT ORGANIZATIONS THAT DEVELOP AND PUBLISH STANDARDS FOR MAINTAINING AND IMPROVING QUALITY AND PERFORMANCE WITHIN THE AUTOMOTIVE INDUSTRY; AND TO ENGAGE IN ANY OTHER LAWFUL TRADE ASSOCIATION PURPOSE CONDUCTED ON A NONPROFIT BASIS.

  • INDUSTRY MANAGED PROGRAMS: PROVIDES AUDITS OF SPECIAL MANUFACTURING PROCESSES TO INDUSTRY DEVELOPED AUDIT CRITERIA AS DEFINED BY CONSENSUS OF ALL INDUSTRY PARTICIPANTS RESULTING IN ACCREDITATION RECOGNIZED INTERNATIONALLY BY INDUSTRY OEM'S.

  • REGISTRAR PROGRAM: ACCREDITED BY ANAB & IAOB, PROVIDES QUALITY, ENVIRONMENTAL, HEALTH & SAFETY, INFORMATION SECURITY AND INFORMATION TECHNOLOGY MANAGEMENT SYSTEM AUDITS TO VARIOUS INTERNATIONAL STANDARDS RESULTING IN CERTIFICATION TO SUCH STANDARDS.

  • PROFESSIONAL DEVELOPMENT PROGRAM: PROVIDE OUTSTANDING LEARNING SOLUTIONS THROUGH GLOBAL INDUSTRY DRIVEN TRAINING TO ADD VALUE TO THE VARIOUS INDUSTRY MANAGED PROGRAMS, AND PROVIDE A PROGRAM FOR THE CERTIFICATION OF SELECT AEROSPACE PERSONNEL AS COMPETENT IN A SPECIFIC SPECIALIZED MANUFACTURING PROCESS.

As filed on the 2024 return.

Listed in Part VII

  • David L Schutt PhD

    PRESIDENT (THRU 05/2024)

    Total calculated
    $968,728
    From this org
    $0
    From related orgs
    $924,856
    Other
    $43,872
    Hours/week
    14 + 26 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,653 related
    Bonus
    $0 + $364,014 related
    Other
    $0 + $231,189 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $9,372 related
    Filer's total
    $0 + $968,728 related

  • Gregory L Bradley Esq

    INTERIM PRESIDENT (AS OF 05/2024)

    Total calculated
    $601,799
    From this org
    $0
    From related orgs
    $535,055
    Other
    $66,744
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,612 related
    Bonus
    $0 + $103,700 related
    Other
    $0 + $103,743 related
    Deferred
    $0 + $45,321 related
    Nontaxable benefits
    $0 + $21,423 related
    Filer's total
    $0 + $601,799 related

  • Amanda Vorwerk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Maher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne Barussaud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Ackerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jianqiang Xu

    DIRECTOR (THRU 10/2024)

    Total calculated
    $0
    Hours/week
    1

  • Kim Killackey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oliver Kraatz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Morgan

    DIRECTOR AND CHAIR (THRU 06/2024)

    Total calculated
    $0
    Hours/week
    1

  • Peter Lord

    DIRECTOR AND CHAIR (AS OF 10/2024)

    Total calculated
    $0
    Hours/week
    1

  • Suguru Watanabe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian K Trybend

    SECRETARY/TREASURER/CFO

    Total calculated
    $568,552
    From this org
    $0
    From related orgs
    $512,941
    Other
    $55,611
    Hours/week
    13 + 27 related

    Schedule J breakdown matched by us

    Base
    $0 + $313,050 related
    Bonus
    $0 + $105,200 related
    Other
    $0 + $94,691 related
    Deferred
    $0 + $44,693 related
    Nontaxable benefits
    $0 + $10,918 related
    Filer's total
    $0 + $568,552 related

  • Jonathan Solomond

    EVP & COO

    Total calculated
    $562,482
    From this org
    $451,550
    From related orgs
    $0
    Other
    $110,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $343,350
    Bonus
    $108,200
    Other
    $0
    Deferred
    $85,078
    Nontaxable benefits
    $25,854
    Filer's total
    $562,482

  • Edgar J Kegerreis

    SENIOR PROGRAM MANAGER REG. SLS MARKET

    Total calculated
    $290,047
    From this org
    $243,396
    From related orgs
    $0
    Other
    $46,651
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,597
    Bonus
    $72,799
    Other
    $0
    Deferred
    $25,033
    Nontaxable benefits
    $21,618
    Filer's total
    $290,047

  • Elizabeth Jones

    CHIEF HUMAN RESOURCE OFFICER

    Total calculated
    $447,290
    From this org
    $0
    From related orgs
    $366,897
    Other
    $80,393
    Hours/week
    11 + 29 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,628 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $76,269 related
    Deferred
    $0 + $58,377 related
    Nontaxable benefits
    $0 + $22,016 related
    Filer's total
    $0 + $447,290 related

  • Randy R Daugharthy

    DIRECTOR OF REGISTRAR PROGRAM

    Total calculated
    $306,171
    From this org
    $269,146
    From related orgs
    $0
    Other
    $37,025
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,491
    Bonus
    $50,655
    Other
    $0
    Deferred
    $27,016
    Nontaxable benefits
    $10,009
    Filer's total
    $306,171

  • Richard E Wilkie

    CHIEF INFORMATION OFFICER

    Total calculated
    $650,336
    From this org
    $0
    From related orgs
    $551,439
    Other
    $98,897
    Hours/week
    11 + 29 related

    Schedule J breakdown matched by us

    Base
    $0 + $340,570 related
    Bonus
    $0 + $114,500 related
    Other
    $0 + $96,369 related
    Deferred
    $0 + $74,031 related
    Nontaxable benefits
    $0 + $24,866 related
    Filer's total
    $0 + $650,336 related

  • Robert Lizewski

    VP OF OPERATIONS/ MEDICAL ACCREDITATION

    Total calculated
    $252,411
    From this org
    $220,837
    From related orgs
    $0
    Other
    $31,574
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,409
    Bonus
    $36,428
    Other
    $0
    Deferred
    $21,409
    Nontaxable benefits
    $10,165
    Filer's total
    $252,411

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
FULLSIGHT, LLC, A RELATED ORGANIZATION OF PERFORMANCE REVIEW INSTITUTE, INC., USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
Schedule J, Part I, Line 4a Severance or change-of-control payment
DAVID L. SCHUTT, PHD, RECEIVED A VACATION PAYOUT OF $66,189 UPON HIS TERMINATION ON MAY 1, 2024. THIS PAYMENT WAS MADE IN ACCORDANCE WITH HIS EXECUTIVE EMPLOYMENT AGREEMENT AND WAS REPORTED AS TAXABLE COMPENSATION ON FORM W-2. THIS AMOUNT REPRESENTS POST-EMPLOYMENT COMPENSATION MADE DURING THE YEAR. IN ADDITION, THE FOLLOWING INDIVIDUALS EACH RECEIVED TEMPORARY COMPENSATION UPLIFTS DURING 2024 DUE TO SIGNIFICANT LEADERSHIP CHANGES AND BUSINESS CONTINUITY NEEDS. THESE INDIVIDUALS ASSUMED EXPANDED RESPONSIBILITIES DURING A PERIOD OF ORGANIZATIONAL TRANSITION. WHILE THESE PAYMENTS WERE NOT STRUCTURED AS TRADITIONAL SEVERANCE OR CHANGE-OF-CONTROL LUMP SUMS, THEY WERE DIRECTLY TIED TO EXECUTIVE LEADERSHIP CHANGES AND THEREFORE FALL WITHIN THE SCOPE OF CHANGE-IN-CONTROL-RELATED COMPENSATION. UPLIFT PAYMENTS MADE DURING THE YEAR WERE AS FOLLOWS: GREGORY L. BRADLEY, ESQ.: $103,743 BRIAN K. TRYBEND: $94,691 RICHARD E. WILKIE: $96,369 ELIZABETH JONES: $76,269 NO ADDITIONAL SEVERANCE OR POST-EMPLOYMENT PAYMENTS WERE MADE TO THESE INDIVIDUALS DURING THE YEAR BEYOND THE AMOUNTS DISCLOSED ABOVE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
INDIVIDUALS PARTICIPATE IN A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. EMPLOYER DISTRIBUTIONS ARE INCLUDED IN COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(III). NO PAYMENTS WERE RECEIVED BY ANY INDIVIDUALS IN 2024.

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

No itemized grants to organizations on this return.

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.

  • STEEL RELATED INDUSTRIES QUALITY SYSTEMS REGISTRAR LLC

    QUALITY SYSTEMS AUDITING · PA · income $9,795,348 · assets $23,968,812

    Directly controlled by PERFORMANCE REVIEW INSTITUTE INC

Related partnerships

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

  • FULLSIGHT LLC

    Related · BUSINESS AND PROGRAM SUPPORT SERVICES · PA · 100% owned · share of income $69,833 · share of assets $42,928,678 · general or managing partner

    Directly controlled by SAE INTERNATIONAL

Related corporations and trusts

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

  • SAE MEDIA GROUP INC

    C Corporation · PUBLISHING · NY

    Directly controlled by NA

  • SMI GROUP LIMITED

    C Corporation · SUPPORT SERVICES · UK

    Directly controlled by NA

  • SAE INDUSTRIAL CONSULTING SERVICES

    C Corporation · N/A · CH

    Directly controlled by SAE Global LLC

  • SAE GROUP EUROPE BV

    C Corporation · SUPPORT SERVICES · NL

    Directly controlled by NA

  • PRI EUROPE LIMITED

    C Corporation · SUPPORT SERVICES · UK · 100% owned · controlled entity

    Directly controlled by PERFORMANCE REVIEW INSTITUTE INC

  • PRI CAPE (BEIJING) CERTIFICATION

    C Corporation · SUPPORT SERVICES · CH · 100% owned · controlled entity

    Directly controlled by PERFORMANCE REVIEW INSTITUTE INC

  • OCTONX

    C Corporation · SUPPORT SERVICES · NL

    Directly controlled by NA

  • SMI GROUP HOLDINGS

    C Corporation · SUPPORT SERVICES · UK

    Directly controlled by NA

  • SRI - JICQA CORPORATION

    C Corporation · SUPPORT SERVICES · JA · 50% owned · share of income $32,374 · share of assets $76,461 · controlled entity

    Directly controlled by PERFORMANCE REVIEW INSTITUTE INC

Provenance

Return type
form_990
Tax year
2024
Filed
18 November 2025
IRS schema version
2024v5.1
Source object
202523219349327417

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