Providence Engineering Society
Nonprofit profile at a glance
- EIN
- 050203575
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2007
- Location
- Providence, RI, USA
- Phone
- 4017147164
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $26,898
- Expenses
- $26,543
- Assets
- $269,151
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- BRIAN J MAHONEY (1ST VICE PRESIDENT)
- ERIC OFFENBERG (3RD VICE PRESIDENT)
- STEVEN J RICHTARIK (2ND VICE PRESIDENT)
- LEN BRADLEY (PRESIDENT)
People named in this filing
- BRIAN J MAHONEY (1ST VICE PRESIDENT)
- ERIC OFFENBERG (3RD VICE PRESIDENT)
- STEVEN J RICHTARIK (2ND VICE PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enhance the image of the engineering profession and the success of our members though networking abd leadrership, provide charitable contributions and schorlarships when able
What it reported doing in 2024
Scolarships to schools in ri for robotics
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and total assets are large relative to annual expenses, but may not be spendable cash. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 82
- Sustainability: 64
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 42.3%; rating input score 42
- Program expense ratio: 25.2%; rating input score 25
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.3%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 10.14; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -3.4% per year; rating input score 0; 39th percentile among comparable filings
- Revenue growth: 9.8% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 5.3% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 42.3% of revenue deployed · 25.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $7K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2015 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
- High — Financial Efficiency: Program expense ratio scored 25/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.