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← AMERICAN INSTITUTE OF MINING METALLURGICAL AND PETROLEUM ENGINE

Form 990 for tax year 2023

Filed by AMERICAN INSTITUTE OF MINING METALLURGICAL AND PETROLEUM ENGINE.

Totals

Total revenue
$2,012,585
Total expenses
$2,100,276
Contributions and grants received
$0
Grants paid
$1,693,941
Program service revenue
$1,277,562
Investment income
$677,510
Other revenue
$57,513
Total assets, end of year
$12,011,632
Total liabilities, end of year
$69,886
Net assets or fund balances, end of year
$11,941,746
Program services expenses (Part IX)
$1,782,466
Management and general expenses
$313,954
Fundraising expenses
$3,856
Program service expenses (Part III)
$1,782,466

Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: CONFERENCE FEES

    total $1,277,562 · related or exempt $1,277,562

  • 3 · Investment income

    total $287,516 · excluded $287,516

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $56,703 · excluded $56,703

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,241,077

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

    securities $851,083

  • 7c · Gain or loss

    securities $389,994

  • 7d · Net gain or loss

    total $389,994 · excluded $389,994

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: ADVERTISING

    total $810 · unrelated business $810

  • 11e · Other revenue, total

    $810

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,693,941 · program services $1,693,941

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $119,900 · management and general $119,276 · fundraising $624

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $4,363 · management and general $4,363

  • 11a · Fees: management

    total $62,674 · management and general $62,674

  • 11b · Fees: legal

    total $4,910 · management and general $4,910

  • 11c · Fees: accounting

    total $14,299 · management and general $14,299

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $54,166 · management and general $54,166

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $3,856 · program services $3,856

  • 13 · Office expenses

    total $9,012 · program services $57 · management and general $5,723 · fundraising $3,232

  • 14 · Information technology

    total $16,383 · management and general $16,383

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $38,936 · program services $23,722 · management and general $15,214

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $73,086 · program services $60,890 · management and general $12,196

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $4,750 · management and general $4,750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $50,422 · end of year $19,316

  • 2 · Savings and temporary cash investments

    beginning of year $255,058 · end of year $156,782

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $59,095

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $12,911 · end of year $25,785

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,837 · end of year $46,938

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $10,523,291 · end of year $11,330,077

  • 12 · Investments: other securities

    beginning of year $348,007 · end of year $373,639

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,811 · end of year $13,666

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $34,168 · end of year $56,220

  • 27 · Net assets without donor restrictions

    beginning of year $6,705,704 · end of year $7,052,794

  • 28 · Net assets with donor restrictions

    beginning of year $4,473,843 · end of year $4,888,952

Mission and programs · 2023

Mission

AIME SUPPORTS ITS MEMBER SOCIETIES BY EXERCISING FISCAL RESPONSIBILITY, DISTRIBUTING FUNDS, FACILITATING INTERACTION WITH THE COMMUNITY, (CONTINUED ON SCH 0)

Activities or mission (Part I)

AIME SUPPORTS ITS MEMBER SOCIETIES BY EXERCISING FISCAL RESPONSIBILITY, DISTRIBUTING FUNDS, FACILITATING INTERACTION WITH THE COMMUNITY, (continued on schedule o)

  • AIME provides grants to encourage collaboration among the member SOCIETIES AND SUPPORT EFFORTS THAT CUT ACROSS ALL DISCIPLINES.

    Expenses $1,413,563 · Grants $1,385,927 · Revenue $1,277,562

  • AIME provides support to the Member Societies for their award of scholarships, as well as certain medals and awards, including honorary membership. MANY AWARDS CARRY THE NAMESAKE OF ICONS WITHIN THE AIME DISCIPLINES OF MINING, METALLURGICAL, AND PETROLEUM ENGINEERING, THE STEEL AND IRON INDUSTRY, AND MATERIALS SCIENCE. AIME ALSO PROVIDES THE MEMBER SOCIETIES THE ANNUAL INCOME FROM ENDOWMENT FUNDS TO SUPPORT SPECIFIC PROGRAMS SUCH AS DISTINGUISHED LECTURERS, STUDENTS, YOUNG PROFESSIONALS, AND THE TECHNICAL LIBRARIES.

    Expenses $308,013 · Grants $308,013

  • AIME HAS A UNIQUE POSITION IN THE ENGINEERING AND SCIENTIFIC THE COMMUNITY; IT IS A LIAISON BETWEEN ITS MEMBER SOCIETIES AND THE RELEVANT ENGINEERING AND SCIENTIFIC COMMUNITY. AIME REPRESENTS ITS MEMBER SOCIETIES AT JOINT FUNCTIONS AND CONNECT THEM TO THE COMMUNITIES, SHARING BEST PRACTICES, AND SUPPORTING OTHER COLLABORATIVE EFFORTS TO WORK JOINTLY FOR THE GREATER GOOD OF THE PROFESSION AND SOCIETY AS A WHOLE.

    Expenses $60,890

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michele Lawrie-Munro

    Exec. Director(To 06/2023)

    Total calculated
    $126,113
    From this org
    $117,090
    From related orgs
    $0
    Other
    $9,023
    Hours/week
    40

  • Kevin Zeik

    Past President (TO 8/2023)

    Total calculated
    $0
    Hours/week
    4

  • Jennifer Miskimins

    President

    Total calculated
    $0
    Hours/week
    4

  • Elizabeth Holm

    TREASURER & Pres.-Elect

    Total calculated
    $0
    Hours/week
    4

  • Steve Gardner

    Pres-Elect Designate

    Total calculated
    $0
    Hours/week
    4

  • Ron Ashburn

    Trustee

    Total calculated
    $0
    Hours/week
    4 + 40 related

  • Dave Kanagy

    trustee

    Total calculated
    $0
    Hours/week
    4 + 40 related

  • Jim Robinson

    Trustee

    Total calculated
    $0
    Hours/week
    4 + 40 related

  • Mark Rubin

    Trustee

    Total calculated
    $0
    Hours/week
    4 + 40 related

  • Ron O'Malley

    Trustee (From 08/2023)

    Total calculated
    $0
    Hours/week
    4

  • John Ehrig

    Exec. Director(From 06/2023)

    Total calculated
    $0
    Hours/week
    40

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.

Grants 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.

Provenance

Return type
form_990
Tax year
2023
Filed
3 June 2024
IRS schema version
2023v5.1
Source object
202401919349300830

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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