Civic Intelligence

Precision Manufacturing Institute

990 • Fiscal year 2015 • EIN 25-1578241

Jul 01, 2014 to Jun 30, 2015 • Filed on May 15, 2016

764 Bessemer Street Suite 105Meadville, PA 16335

(814) 333-2415

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.53x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

1.45x

Higher debt load relative to revenue than 88% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

48th percentile

2.0%

Higher net margin than 48% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

73rd percentile

10%

Faster asset growth than 73% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

83rd percentile

32%

Faster revenue growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,457,754

Up $407,265 (+10%) from 2014

Net Assets

Up

$2,076,423

Up $33,211 (+1.6%) from 2014

Liabilities

Up

$2,381,331

Up $374,054 (+19%) from 2014

Revenue

Up

$1,638,133

Up $398,191 (+32%) from 2014

Expenses

Up

$1,604,922

Up $268,146 (+20%) from 2014

Net Income

Up

$33,211

Up $130,045 (+134%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $5,446,766Liabilities 2010: $2,311,586Net Assets 2010: $3,135,1802010Assets 2011: $5,180,185Liabilities 2011: $1,901,665Net Assets 2011: $3,278,5202011Assets 2012: $4,523,499Liabilities 2012: $2,025,046Net Assets 2012: $2,498,4532012Assets 2013: $4,129,254Liabilities 2013: $2,009,869Net Assets 2013: $2,119,3852013Assets 2014: $4,050,489Liabilities 2014: $2,007,277Net Assets 2014: $2,043,2122014Assets 2015: $4,457,754Liabilities 2015: $2,381,331Net Assets 2015: $2,076,4232015Assets 2016: $4,018,064Liabilities 2016: $2,656,008Net Assets 2016: $1,362,0562016Assets 2017: $3,811,253Liabilities 2017: $2,590,673Net Assets 2017: $1,220,5802017Assets 2018: $3,443,728Liabilities 2018: $2,699,731Net Assets 2018: $743,9972018Assets 2019: $3,245,260Liabilities 2019: $2,793,158Net Assets 2019: $452,1022019Assets 2020: $3,230,923Liabilities 2020: $3,137,266Net Assets 2020: $93,6572020Assets 2021: $3,144,521Liabilities 2021: $2,507,808Net Assets 2021: $636,7132021

Highlighted filing

2015

Assets$4,457,754
Liabilities$2,381,331
Net Assets$2,076,423

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,940,6612010Expenses 2011: $1,699,4572011Expenses 2012: $1,555,1972012Expenses 2013: $1,471,1072013Revenue 2014: $1,239,942Expenses 2014: $1,336,776Net Income 2014: -$96,8342014Revenue 2015: $1,638,133Expenses 2015: $1,604,922Net Income 2015: $33,2112015Revenue 2016: $1,366,332Expenses 2016: $1,918,559Net Income 2016: -$552,2272016Revenue 2017: $1,731,237Expenses 2017: $1,872,713Net Income 2017: -$141,4762017Revenue 2018: $1,049,557Expenses 2018: $1,526,140Net Income 2018: -$476,5832018Revenue 2019: $939,055Expenses 2019: $1,230,950Net Income 2019: -$291,8952019Revenue 2020: $772,889Expenses 2020: $1,134,220Net Income 2020: -$361,3312020Revenue 2021: $1,720,780Expenses 2021: $1,177,724Net Income 2021: $543,0562021

Highlighted filing

2015

Revenue$1,638,133
Expenses$1,604,922
Net Income$33,211
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 15, 2016
Return Version
2014v6.0
Gross Receipts
$1,638,133
Mission and Program Overview

Mission

Pmi's mission is to promote the growth of people, business and industry through quality education and training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,667,572$3,677,758▲ $10,186
Receivable From Disqualified Prsn-$400,000-
Accounts Receivable$203,029$157,962▼ $45,067
Pledges and Grants Receivable$50,000$142,900▲ $92,900
Cash and Non-Interest-Bearing Accounts$106,488$48,163▼ $58,325
Prepaid Expenses and Deferred Charges$20,951$28,955▲ $8,004
Total Assets$4,050,489$4,457,754▲ $407,265
Other Assets Total$2,449$2,016▼ $433
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,720,133$1,675,094▼ $45,039
Accounts Payable and Accrued Expenses$89,667$589,122▲ $499,455
Deferred Revenue$197,477$117,115▼ $80,362
Total Liabilities$2,007,277$2,381,331▲ $374,054
Net Assets / Fund Balance
Unrestricted Net Assets$2,043,212$2,076,423▲ $33,211
Total Net Assets Fund Balance$2,043,212$2,076,423▲ $33,211
Total Liabilities and Net Assets / Fund Balance$4,050,489$4,457,754▲ $407,265

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$187,180$2,122,367-
Leasehold Improvements$3,490,578$1,037,193-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mr Dennis F WilkePresident
David GrafBoard Member
Mr Jonathan DearmentBoard Member
Mr L Joseph FroehlichBoard Member
Mr Mark HanawayBoard Member
Mr Rob SmithBoard Member
Mr David M WilkeSecretary/tr
Mr Bernard E WilkeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$543,400
Program Service Revenue
$1,080,239
Investment Income
$14,494
Other Revenue
$0
All Other Contributions
$400,000
Change in Net Assets
$33,211

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,638,133
Total Revenue per Audited Statements
$1,638,133
Total Revenue per Form 990
$1,638,133
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$870,466
Other Expenses$734,456
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$440,467$284,517-$724,984
Depreciation Depletion$105,409$44,990-$150,399
Other Employee Benefits$45,322$28,976-$74,298
Payroll Taxes$43,422$27,762-$71,184
Fees for Services Management-$70,200-$70,200
Advertising$63,308--$63,308
Occupancy$38,096$16,327-$54,423
Interest$37,371$16,016-$53,387
Insurance$21,024$9,010-$30,034
Travel$16,409$12,049-$28,458
Fees for Services Accounting-$24,159-$24,159
Office Expenses$6,768$15,901-$22,669
All Other Expenses$12,986$5,189-$18,175
Other Expenses$41,625$11,825-$11,825
Fees for Services Other-$3,258-$3,258
Total Functional Expenses$999,674$605,248$0$1,604,922

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,604,922
Total Expenses per Audited Statements$1,604,922
Total Expenses per Form 990$1,604,922
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberManagement AgreementNo$70,200
-Board MemberTrainingNo$44,385
-Board MemberConsultingNo$37,283
-Board MemberAccounts PayableNo$19,618
-Board MemberTrainingNo$13,964

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$400,000-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Dennis wilke david wilke president secretary/tr brothers dennis wilke bernard wilke president board member son/father

Form 990, Page 6, Part VI, Line 11B

Form 990 is provided to board members prior to submission by hard copy or via e-mail with a scanned copy. Any revisions are communicated through the president of the organization.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Precision Manufacturing Institute
EIN
25-1578241
Phone
8143332415
Address
764 BESSEMER STREET SUITE 105, MEADVILLE, PA 16335

Signing Officer

Name
Dennis Wilke
Title
President
Phone
8143332415
Signed
2016-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Wilke
Formed
1987
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
4
Employees
23

Preparer

Firm
Wilke & Associates Llp
Address
510 WASHINGTON AVENUE, CARNEGIE, PA 15106
Preparer
David M Wilke
Phone
4122782200
Supplemental Narrative

Additional Explanations

Form 990, Part X

Board member dennis wilke pledged 400,000 as donation to the organization in june 2015. Board member contributed the funds in full by march 2016.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt02122367
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01037193
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt04527771
IRS990ScheduleD/RevenueSubtotalAmt01638133
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03677758
IRS990ScheduleD/TotalExpensesPerForm990Amt01604922
IRS990ScheduleD/TotalRevenuePerForm990Amt01638133
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ADVERTISED ORGANIZATION'S NON-DISCRIMINATORY POLICY IN LOCAL PAPER.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION DOES NOT SOLICIT CONTRIBUTIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE INSTITUTE RECEIVED FEDERAL PELL GRANTS AND FEDERAL DIRECT LOAN FUNDS FOR THE BENEFIT OF THE STUDENTS. FURTHER THE ORGANIZATION RECEIVED, AS A PASS-THROUGH ENTITY FROM THE U.S. DEPARTMENT OF LABOR & INDUSTRY, WORK INVESTMENT ACT FUNDS AS WELL AS TRADE ADJUSTMENT ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1ROSEDALE TECHNICAL COLLEGE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2WILKE & ASSOCIATES LLP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt3ACUTEC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt4CHANNELLOCK
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4BOARD MEMBER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt413964
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT AGREEMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1ACCOUNTS PAYABLE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2CONSULTING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3TRAINING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4TRAINING
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FUNDS PAID/RECEIVED MARCH 2016
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0400000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DENNIS WILKE PLEDGED DONATION RECEI
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IRS990ScheduleL/TotalBalanceDueAmt0400000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DENNIS WILKE DAVID WILKE PRESIDENT SECRETARY/TR BROTHERS DENNIS WILKE BERNARD WILKE PRESIDENT BOARD MEMBER SON/FATHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO BOARD MEMBERS PRIOR TO SUBMISSION BY HARD COPY OR VIA E-MAIL WITH A SCANNED COPY. ANY REVISIONS ARE COMMUNICATED THROUGH THE PRESIDENT OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBER DENNIS WILKE PLEDGED 400,000 AS DONATION TO THE ORGANIZATION IN JUNE 2015. BOARD MEMBER CONTRIBUTED THE FUNDS IN FULL BY MARCH 2016.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART X
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IRS990/TerminateOperationsInd0false
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