American Institute of Mining Metallurgical and Petroleum Engineers Inc

Nonprofit profile at a glance

EIN
611855149
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2021
Location
San Ramon, CA, USA
Phone
9252756626
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Engineering and Technology

Official website

Reported finances

Revenue
$1,988,585
Expenses
$2,067,797
Assets
$12,669,782
Liabilities
$116,042

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Elizabeth Holm Presto 0824 (Past President (From 08/24))
  • Jennifer Miskimins (Past President (to 08/2024))
  • John Ehrig (Executive Director (TO 6/2024))

People named in this filing

  • Elizabeth Holm Presto 0824 (Past President (From 08/24))
  • Steve Gardner PreselectTreas ((to 08/24) Pres.(from 08/24))
  • Ronald O'Malley Pres-elect (DESIGN 8-24,Treas.(from 08/24))

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Aime supports its member societies by exercising fiscal responsibility, distributing funds, facilitating interaction with the community, (continued on sch 0)

What it reported doing in 2024

AIME has a unique position in the engineering and scientific communities; IT IS A LIAISON BETWEEN ITS MEMBER SOCIETIES AND THE RELEVANT ENGINEERING AND SCIENTIFIC communities. AIME represents its member societies at joint functions and connects 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. LINE 4d, PROGRAM SERVICE ------------------------- Legacy preservation & promotion: AIME LEADS SPECIAL PROJECTS TO HONOR AND ENHANCE THE LEGACY OF THE MINING AND METALLURGICAL INDUSTRY, INCLUDING THE ARCHIVE AND PRESERVATION OF ARTIFACTS, HISTORICAL INFORMATION SHARING ON MILESTONES, AND THE CAPTURE AND RECOGNITION OF RELATED, ORAL HISTORY.

Operating model

Revenue model
Earned-program. 81% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 72
  • Accountability: 71
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 89%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 11th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -4%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 6.13; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 5.6% per year; rating input score 100; 45th percentile among comparable filings
  • Revenue growth: 46.6% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 48.4% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 89% of spending went to programs
  • Governance: 4 of 8 board members independent · 7 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $1.8M in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes foreign activity and grants
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 8 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • High — Sustainability: Operating margin scored 26/100.