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← PROJECT MANAGEMENT INSTITUTE EDUCATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by PROJECT MANAGEMENT INSTITUTE EDUCATIONAL FOUNDATION.

Totals

Total revenue
$6,976,561
Total expenses
$6,278,910
Contributions and grants received
$6,883,097
Grants paid
$4,674,975
Program service revenue
$0
Investment income
$93,464
Other revenue
$0
Total assets, end of year
$4,197,264
Total liabilities, end of year
$293,778
Net assets or fund balances, end of year
$3,903,486
Program services expenses (Part IX)
$5,482,209
Management and general expenses
$579,821
Fundraising expenses
$216,880
Program service expenses (Part III)
$5,482,209

Program services were 87.3% 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.

  • 1d · Related organizations

    $6,571,670

  • 1f · All other contributions, gifts and grants

    $311,427

  • 3 · Investment income

    total $137,799 · excluded $137,799

  • 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 $1,644,072

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

    securities $1,688,407

  • 7c · Gain or loss

    securities -$44,335

  • 7d · Net gain or loss

    total -$44,335 · excluded -$44,335

  • 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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,437,165 · program services $2,437,165

  • 2 · Grants to domestic individuals

    total $13,500 · program services $13,500

  • 3 · Grants to foreign organizations and individuals

    total $2,224,310 · program services $2,224,310

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 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 $0

  • 11a · Fees: management

    total $1,116,515 · program services $653,877 · management and general $283,481 · fundraising $179,157

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $60,812 · management and general $60,812

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $133,689 · program services $114,615 · management and general $19,074

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $814 · program services $758 · management and general $56

  • 14 · Information technology

    total $17,996 · program services $2,175 · management and general $250 · fundraising $15,571

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $130,801 · program services $18,375 · management and general $112,426

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $113,623 · program services $17,434 · management and general $95,189 · fundraising $1,000

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: CREDIT CARD FEES

    total $819 · management and general $819

  • 24b · Other expenses: BANK FEES

    total $7,163 · management and general $7,163

  • 24c · Other expenses: ENDOWMENT FUNDS RETURNED

    total $21,152 · fundraising $21,152

  • 24d · Other expenses: EXPENSE REIMBURSEMENT

    total $551 · management and general $551

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,367,755 · end of year $595,404

  • 2 · Savings and temporary cash investments

    beginning of year $41,711 · end of year $66,832

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $62,859

  • 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 $30,795 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,955,594 · end of year $3,472,169

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 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 $159,636 · end of year $69,928

  • 18 · Grants payable

    beginning of year $3,367,319 · end of year $223,850

  • 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 $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$2,504,296 · end of year -$1,844,085

  • 28 · Net assets with donor restrictions

    beginning of year $5,373,196 · end of year $5,747,571

Mission and programs · 2023

Mission

ENABLE YOUTH TO REALIZE THEIR POTENTIAL AND TRANSFORM LIVES THROUGH PROJECT MANAGEMENT.

Activities or mission (Part I)

LEVERAGING PROJECT MANAGEMENT FOR SOCIAL GOOD.

  • PM READY WORKFORCE AND GENERAL PROGRAMMING: THE FOUNDATION DELIVERS GENERAL PROGRAMMING TO INCLUDE DOZENS OF SCHOLARSHIPS, PROFESSIONAL AND STUDENT AWARDS, NETWORKING GROUPS, ENGAGEMENT OF LOCAL COMMUNITIES THROUGH PMI CHAPTERS, VOLUNTEER OPPORTUNITIES AND NEW EDUCATIONAL RESOURCES. THESE PROGRAMMING ACTIVITIES EXPAND EDUCATIONAL OPPORTUNITIES FOR FUTURE PROJECT MANAGERS THROUGH ACADEMIC AND WORK-BASED LEADERSHIP OPPORTUNITIES.

    Expenses $975,166 · Grants $267,316

  • PM KNOWLEDGEABLE YOUTH AND YOUTH-SERVING NONPROFITS: THE FOUNDATION CULTIVATES LONG-TERM RELATIONSHIPS WITH NONPROFITS ACROSS THE GLOBE TO HELP THEM INTEGRATE PROJECT MANAGEMENT INTO THEIR YOUTH PROGRAMS AND TO BUILD THEIR OWN PROJECT MANAGEMENT CAPABILITY. THIS FOCUS ON YOUTH SERVING NON-PROFITS PROVIDES GREATER VALUE AND IMPACT TO YOUTH, AGED 5-19, AND THE NONPROFIT ORGANIZATIONS THAT SERVE THEM, WHILE ALSO LEVERAGING THE YOUTH-FOCUSED WORK THE FOUNDATION HAS ACCOMPLISHED OVER THE PAST SEVEN YEARS.

    Expenses $4,507,043 · Grants $4,407,659

As filed on the 2023 return.

Listed in Part VII

  • Pierre Le Manh

    CEO OF PMI

    Total calculated
    $1,040,635
    From this org
    $0
    From related orgs
    $1,001,656
    Other
    $38,979
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $866,061 related
    Bonus
    $0 + $126,133 related
    Other
    $0 + $9,462 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $8,979 related
    Filer's total
    $0 + $1,040,635 related

  • Michael Deprisco

    FORMER OFFICER

    Total calculated
    $304,725
    From this org
    $0
    From related orgs
    $288,009
    Other
    $16,716
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,609 related
    Bonus
    $0 + $158,400 related
    Other
    $0
    Deferred
    $0 + $10,230 related
    Nontaxable benefits
    $0 + $6,486 related
    Filer's total
    $0 + $304,725 related

  • Olivier Lazar

    COO

    Total calculated
    $304,146
    From this org
    $0
    From related orgs
    $290,206
    Other
    $13,940
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,334 related
    Bonus
    $0 + $41,872 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,940 related
    Filer's total
    $0 + $304,146 related

  • Ashley Forsyth

    PMIEF EXECUTIVE MANAGER

    Total calculated
    $202,100
    From this org
    $0
    From related orgs
    $165,083
    Other
    $37,017
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,543 related
    Bonus
    $0 + $15,540 related
    Other
    $0
    Deferred
    $0 + $22,500 related
    Nontaxable benefits
    $0 + $14,517 related
    Filer's total
    $0 + $202,100 related

  • Ramam Atmakuri

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Anca Slusanschi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mitchell Fong

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Ayodeji Ishmael

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Karen Dove

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kara Neil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Christiaan Kindermans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Anael Ndosa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Connie Figley

    TREASURER

    Total calculated
    $0
    Hours/week
    5

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

Related partnerships

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

Related corporations and trusts

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

  • PMI EUROPE LIMITED

    C CORP · HOLDING COMPANY · UK

    Directly controlled by NA

  • PMI CANADA

    C CORP · BENCHMARKING · CA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349321716

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