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← PERFORMANCE REVIEW INSTITUTE INC

Form 990 for tax year 2023

Filed by PERFORMANCE REVIEW INSTITUTE INC.

Totals

Total revenue
$62,532,012
Total expenses
$63,747,385
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$60,691,888
Investment income
$1,758,215
Other revenue
$81,909
Total assets, end of year
$82,000,497
Total liabilities, end of year
$29,362,775
Net assets or fund balances, end of year
$52,637,722
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: AUDIT PROGRAMS

    total $58,521,794 · related or exempt $58,521,794

  • 2b · Program service revenue: PROFESSIONAL DEVELOPMENT PROGRAM

    total $2,170,094 · related or exempt $2,170,094

  • 3 · Investment income

    total $714,085 · excluded $714,085

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

    total $0

  • 5 · Royalties

    total $0

  • 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 $22,387,000

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

    securities $21,342,870

  • 7c · Gain or loss

    securities $1,044,130

  • 7d · Net gain or loss

    total $1,044,130 · excluded $1,044,130

  • 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: FOREIGN CURRENCY TRANSACTION LOSS

    total $81,909 · excluded $81,909

  • 11e · Other revenue, total

    $81,909

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 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 $526,580

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $15,664,690

  • 8 · Pension plan contributions

    total $1,025,868

  • 9 · Other employee benefits

    total $1,194,613

  • 10 · Payroll taxes

    total $858,427

  • 11a · Fees: management

    total $24,265

  • 11b · Fees: legal

    total $360,414

  • 11c · Fees: accounting

    total $15,393

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $180,355

  • 11g · Fees: other

    total $3,481,398

  • 12 · Advertising and promotion

    total $427,932

  • 13 · Office expenses

    total $538,198

  • 14 · Information technology

    total $1,280,535

  • 15 · Royalties

    total $19,276

  • 16 · Occupancy

    total $630,196

  • 17 · Travel

    total $1,281,216

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $2,484,014

  • 20 · Interest

    total $427,551

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,862,374

  • 23 · Insurance

    total $144,648

  • 24a · Other expenses: AUDITOR/INSTRUCTOR FEES

    total $29,944,303

  • 24b · Other expenses: EQUIPMENT/REPAIRS

    total $1,045,078

  • 24c · Other expenses: LICENSES

    total $178,248

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $19,629

  • 24e · All other expenses

    total $132,184

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,223,364 · end of year $2,018,681

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,878,754 · end of year $4,584,802

  • 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 $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,629,820 · end of year $2,282,851

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

    $9,741,929

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

    $2,600,661

  • 10c · Land, buildings and equipment, net

    beginning of year $3,448,153 · end of year $7,141,268

  • 11 · Investments: publicly traded securities

    beginning of year $46,947,643 · end of year $32,835,885

  • 12 · Investments: other securities

    beginning of year $4,376,147 · end of year $3,837,859

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $1,098,106 · end of year $24,048,305

  • 15 · Other assets

    beginning of year $6,268,687 · end of year $5,250,846

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,112,940 · end of year $3,339,972

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $9,804,994 · end of year $10,084,285

  • 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 $90,000 · end of year $10,993,136

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,874,060 · end of year $4,945,382

  • 27 · Net assets without donor restrictions

    beginning of year $49,988,680 · end of year $52,637,722

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

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.

Activities or mission (Part I)

SEE SCHEDULE O.

  • 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 & RvA, 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 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David L Schutt PhD

    PRESIDENT

    Total calculated
    $1,463,599
    From this org
    $0
    From related orgs
    $1,407,658
    Other
    $55,941
    Hours/week
    13 + 27 related

    Schedule J breakdown matched by us

    Base
    $0 + $950,000 related
    Bonus
    $0 + $278,525 related
    Other
    $0 + $179,133 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $22,941 related
    Filer's total
    $0 + $1,463,599 related

  • Jonathan Solomond

    EVP & COO

    Total calculated
    $526,580
    From this org
    $419,250
    From related orgs
    $0
    Other
    $107,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $338,000
    Bonus
    $81,250
    Other
    $0
    Deferred
    $82,545
    Nontaxable benefits
    $24,785
    Filer's total
    $526,580

  • Richard Wilkie

    CHIEF INFORMATION OFFICER

    Total calculated
    $469,728
    From this org
    $0
    From related orgs
    $407,540
    Other
    $62,188
    Hours/week
    13 + 27 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,180 related
    Bonus
    $0 + $80,360 related
    Other
    $0
    Deferred
    $0 + $40,754 related
    Nontaxable benefits
    $0 + $21,434 related
    Filer's total
    $0 + $469,728 related

  • Gregory Bradley Esq

    CHIEF GENERAL COUNSEL

    Total calculated
    $469,666
    From this org
    $0
    From related orgs
    $409,050
    Other
    $60,616
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,210 related
    Bonus
    $0 + $84,840 related
    Other
    $0
    Deferred
    $0 + $40,905 related
    Nontaxable benefits
    $0 + $19,711 related
    Filer's total
    $0 + $469,666 related

  • Brian Trybend

    SECRETARY/TREAS/CFO

    Total calculated
    $467,075
    From this org
    $0
    From related orgs
    $398,350
    Other
    $68,725
    Hours/week
    11 + 29 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,690 related
    Bonus
    $0 + $97,660 related
    Other
    $0
    Deferred
    $0 + $58,628 related
    Nontaxable benefits
    $0 + $10,097 related
    Filer's total
    $0 + $467,075 related

  • Anthony W Parfitt

    DIR. OF SOFTWARE ENG

    Total calculated
    $282,740
    From this org
    $239,733
    From related orgs
    $0
    Other
    $43,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,670
    Bonus
    $45,063
    Other
    $0
    Deferred
    $23,331
    Nontaxable benefits
    $19,676
    Filer's total
    $282,740

  • Randy Daugharthy

    DIR. REGISTRAR PRGM

    Total calculated
    $279,694
    From this org
    $245,930
    From related orgs
    $0
    Other
    $33,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,063
    Bonus
    $34,667
    Other
    $200
    Deferred
    $24,593
    Nontaxable benefits
    $9,171
    Filer's total
    $279,694

  • John Brouzakis Jr

    PRI CNTLR & FP&A SR. MGR.

    Total calculated
    $252,308
    From this org
    $207,977
    From related orgs
    $0
    Other
    $44,331
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,965
    Bonus
    $33,012
    Other
    $0
    Deferred
    $20,798
    Nontaxable benefits
    $23,533
    Filer's total
    $252,308

  • Doug Ackerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne Barussaud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Killackey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oliver Kraatz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Lord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Maher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Nelson

    DIRECTOR (THRU 06/23)

    Total calculated
    $0
    Hours/week
    1

  • Amanda Vorwerk

    DIRECTOR (AS OF 07/23)

    Total calculated
    $0
    Hours/week
    1

  • Suguru Watanabe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jianqiang Xu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 3:
FULLSIGHT, LLC, A RELATED ORGANIZATION, USES A DOCUMENTED PROCESS FOR DETERMINING THE COMPENSATION FOR THE STAFF OF THE FILING ORGANIZATION INCLUDING THE TOP MANAGEMENT OFFICIAL. DETERMINATION OF COMPENSATION LEVELS ARE MARKET PRICED WITH BENCHMARK DATA BASED ON THE APPLICABLE JOB DESCRIPTION FOR EVERY POSITION. IN ADDITION, THE ORGANIZATION CONDUCTS AN ANNUAL PERFORMANCE EVALUATION BASED ON INDIVIDUAL EMPLOYEE PERFORMANCE FOR THE YEAR. FOR EVERY EMPLOYEE INCLUDING THE TOP MANAGEMENT OFFICIAL, EACH EMPLOYEE, AT HIS OR HER MANAGER'S DISCRETION, IS GIVEN A MERIT INCREASE BASED ON THE EMPLOYEE'S PERFORMANCE RATING AND THE POSITION WITHIN THE SALARY RANGE SUCH EMPLOYEE CURRENTLY OCCUPIES.
Schedule J, Part I, Line 4b:
THE FOLLOWING EMPLOYEES PARTICIPATED IN THE 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AND RECEIVED AN EMPLOYER CONTRIBUTION DURING 2023: JONATHAN P. SOLOMOND, EVP & COO - $51,175 BRIAN K. TRYBEND, SECRETARY/ TREASURER/ CFO - $25,628

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.

  • SRI QUALITY SYSTEMS REGISTRAR LLC

    SEE PART VII · PA · income $6,938,469 · assets $25,670,678

    Directly controlled by PRI

Related partnerships

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

  • FULLSIGHT LLC

    RELATED · SHARED SERVICES · PA · 33.33% owned · share of income $12,495 · share of assets $6,995,933

    Directly controlled by SAE Int'l

Related corporations and trusts

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

  • SAE MEDIA GROUP

    C-Corp · PUBLISHING · NY · share of income $0 · share of assets $0

    Directly controlled by SAE INT'L

  • PRI EUROPE LIMITED

    C-CORP · SEE PART VII · UK · 100% owned · share of income $2,907,621 · share of assets $3,315,975 · controlled entity

    Directly controlled by PRI

  • SAE INDUSTRIAL CONSULTING SERVICES

    C-CORP · CONSULTING · CH · share of income $0 · share of assets $0

    Directly controlled by SAE GLOBAL LLC

  • SAE GROUP EUROPE BV

    LLC · SUPPORT SERVICES · NL · share of income $0 · share of assets $0

    Directly controlled by SAE Global LLC

  • OCTONX

    LLC · SUPPORT SERVICES · NL · share of income $0 · share of assets $0

    Directly controlled by SAE ITC

  • PRI CAPE (BEIJING) CERTIFICATION

    C-CORP · SUPPORT SERVICES · CH · 100% owned · share of income $2,124,065 · share of assets $2,176,749 · controlled entity

    Directly controlled by PRI

  • SMI GROUP LIMITED

    C-CORP · SUPPORT SERVICES · UK · share of income $0 · share of assets $0

    Directly controlled by SMI GRP Holding

  • SMI GROUP HOLDINGS

    C-CORP · SUPPORT SERVICES · UK · share of income $0 · share of assets $0

    Directly controlled by SAE INT'L

  • SRI-JICQA CORP

    LLC · SUPPORT SERVICES · JA · 50% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by SRI LLC

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202443199349305294

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