Civic Intelligence

Biomedical Engineering Society

990 • Fiscal year 2019 • EIN 36-6212451

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 30, 2020

8201 Corporate Drive No 1125Landover, MD 20785-2224

(301) 459-1999

Siviq Scores

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

Liabilities / Assets

68th percentile

0.24x

Higher debt load relative to assets than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.30x

Higher debt load relative to revenue than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

43rd percentile

1.0%

Higher net margin than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$304,190

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,914,321

Up $469,305 (+11%) from 2018

Net Assets

Up

$3,733,797

Up $69,449 (+1.9%) from 2018

Liabilities

Up

$1,180,524

Up $399,856 (+51%) from 2018

Revenue

Up

$3,918,320

Up $982,433 (+33%) from 2018

Expenses

Up

$3,878,694

Up $939,188 (+32%) from 2018

Net Income

Up

$39,626

Up $43,245 (+1195%) from 2018

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,033,180Liabilities 2011: $61,196Net Assets 2011: $1,971,9842011Assets 2012: $2,368,576Liabilities 2012: $56,105Net Assets 2012: $2,312,4712012Assets 2013: $2,378,536Liabilities 2013: $6,400Net Assets 2013: $2,372,1362013Assets 2014: $2,703,257Liabilities 2014: $267,938Net Assets 2014: $2,435,3192014Assets 2015: $2,659,124Liabilities 2015: $322,991Net Assets 2015: $2,336,1332015Assets 2017: $3,715,624Liabilities 2017: $614,152Net Assets 2017: $3,101,4722017Assets 2018: $4,445,016Liabilities 2018: $780,668Net Assets 2018: $3,664,3482018Assets 2019: $4,914,321Liabilities 2019: $1,180,524Net Assets 2019: $3,733,7972019Assets 2020: $4,433,761Liabilities 2020: $880,870Net Assets 2020: $3,552,8912020Assets 2021: $5,416,351Liabilities 2021: $1,165,620Net Assets 2021: $4,250,7312021Assets 2022: $4,408,175Liabilities 2022: $795,652Net Assets 2022: $3,612,5232022Assets 2023: $5,874,853Liabilities 2023: $1,526,954Net Assets 2023: $4,347,8992023Assets 2024: $7,497,337Liabilities 2024: $1,316,044Net Assets 2024: $6,181,2932024

Highlighted filing

2019

Assets$4,914,321
Liabilities$1,180,524
Net Assets$3,733,797

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,972,1732011Expenses 2012: $2,134,4882012Revenue 2013: $2,528,633Expenses 2013: $2,417,366Net Income 2013: $111,2672013Revenue 2014: $2,876,521Expenses 2014: $2,554,128Net Income 2014: $322,3932014Revenue 2015: $2,932,927Expenses 2015: $2,888,335Net Income 2015: $44,5922015Revenue 2017: $2,820,276Expenses 2017: $2,702,702Net Income 2017: $117,5742017Revenue 2018: $2,935,887Expenses 2018: $2,939,506Net Income 2018: -$3,6192018Revenue 2019: $3,918,320Expenses 2019: $3,878,694Net Income 2019: $39,6262019Revenue 2020: $3,739,890Expenses 2020: $3,795,675Net Income 2020: -$55,7852020Revenue 2021: $1,962,759Expenses 2021: $1,953,261Net Income 2021: $9,4982021Revenue 2022: $3,042,017Expenses 2022: $2,831,693Net Income 2022: $210,3242022Revenue 2023: $3,582,789Expenses 2023: $2,888,023Net Income 2023: $694,7662023Revenue 2024: $4,645,683Expenses 2024: $3,127,127Net Income 2024: $1,518,5562024

Highlighted filing

2019

Revenue$3,918,320
Expenses$3,878,694
Net Income$39,626
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 30, 2020
Return Version
2018v3.2
Gross Receipts
$4,779,984
Mission and Program Overview

Mission

To build and support the biomedical engineering community (locally, nationally, and iternationally) with activities designed to communicate recent advances, discoveries, and inventions; to promote education and professional development; and integrate the perspectives of the academic, medical, governmental, and business sectors.

To encourage development, integration, and utilization of knowledge in the biomedical engineering field.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,955,387$4,434,943▲ $479,556
Cash and Non-Interest-Bearing Accounts$126,374$365,467▲ $239,093
Pledges and Grants Receivable$285,000$0▼ $285,000
Prepaid Expenses and Deferred Charges$58,974$77,982▲ $19,008
Accounts Receivable$0$19,427▲ $19,427
Land, Buildings, and Equipment, Net$13,465$10,685▼ $2,780
Total Assets$4,445,017$4,914,321▲ $469,304
Other Assets Total$5,817$5,817→ $0
Liabilities
Deferred Revenue$677,816$742,886▲ $65,070
Accounts Payable and Accrued Expenses$102,852$410,992▲ $308,140
Other Liabilities$0$26,646▲ $26,646
Total Liabilities$780,668$1,180,524▲ $399,856
Net Assets / Fund Balance
Unrestricted Net Assets$1,769,411$1,940,543▲ $171,132
Temporarily Rstr Net Assets$1,894,938$1,793,254▼ $101,684
Total Net Assets Fund Balance$3,664,349$3,733,797▲ $69,448
Total Liabilities and Net Assets / Fund Balance$4,445,017$4,914,321▲ $469,304

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,685$66,380$77,065

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$572,021-▲ $29,264$17,219$584,066
2017$552,581$6,600▲ $19,252$6,412$572,021
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward SchillingExecutive Director Until May 2019FT$267,317$36,873$304,190
Michele CiapaEducation DirectorFT$110,964$15,977$126,941

Board Members and Trustees

NameTitle
Donald P Gaver PhdFinance Comm Chair
George a Truskey PhdPublications Board Chair
Lori SettonPast President
Dawn Elliott PhdPresident
Alisa Morss Clyne PhdBoard Member
Anjelica Gonzalez PhdBoard Member
Beth Winkelstein PhdBoard Member
Brenda Ogle PhdBoard Member
Catherine Klapperich PhdBoard Member
Craig Simmons PhdBoard Member
Debra Auguste PhdBoard Member
Eric Perreault PhdBoard Member
Hanjoong Jo PhdBoard Member
Princess Imoukhuede PhdBoard Member
Rebecca Willits PhdBoard Member
Sara Muldoon BsBoard Member
Treena Arinzeh PhdBoard Member
Walt Baxter PhdBoard Member
Matthew LoebInterim Executive Director
Cynthia Reinhart-king PhdSecretary
John White PhdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$726,146
Program Service Revenue
$2,721,353
Investment Income
$176,968
Other Revenue
$293,853
All Other Contributions
$50
Change in Net Assets
$39,626

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,883,886
Revenue Not Reported on Financial Statements
$34,434
Revenue Not Reported on Form 990
$29,822
Total Revenue per Audited Statements
$3,913,708
Total Revenue per Form 990
$3,918,320
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,546,805
Salaries, Compensation, and Employee Benefits$1,303,080
Grants and Similar Amounts Paid$28,809
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,327,851--$1,327,851
Other Salaries and Wages$548,599$250,656-$799,255
Current Officers, Directors, Trustees, and Key Employees$208,795$95,395-$304,190
Fees for Services Accounting$580$110,693-$111,273
Occupancy$75,939$34,696-$110,635
All Other Expenses$91,249$13,179-$104,428
Other Expenses$85,049$10,656-$95,705
Payroll Taxes$52,056$23,784-$75,840
Other Employee Benefits$46,206$21,111-$67,317
Pension Plan Contributions$38,766$17,712-$56,478
Fees for Services Other$30,465$6,338-$36,803
Fees for Service Investment Mgmnt Fees-$34,434-$34,434
Grants to Domestic Individuals$28,809--$28,809
Office Expenses$18,928$6,025-$24,953
Insurance$7,068$3,229-$10,297
Depreciation Depletion-$2,781-$2,781
Advertising-$974-$974
Travel$659--$659
Total Functional Expenses$3,243,963$634,731$0$3,878,694

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,878,694
Expenses per Audited Statements$3,844,260
Total Expenses per Audited Statements$3,844,260
Expenses Not Reported on Financial Statements$34,434
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$26,646
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

Organization has members of the biomedical engineering society.

Form 990, Part VI, Section A, Line 7A

The executive committee appointed the new interim executive director.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the executive director and director of finance prior to filing.

Form 990, Part VI, Section B, Line 12C

Disclosure form is distributed at board meeting.

Form 990, Part VI, Section B, Line 15

The executive committee determines the compensation of the executive director.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Biomedical Engineering Society
EIN
36-6212451
Phone
3014591999
Address
8201 CORPORATE DRIVE NO 1125, LANDOVER, MD 20785-2224

Signing Officer

Name
Matthew Loeb
Title
Interim Executive Director
Phone
3014591999
Signed
2020-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Loeb
Formed
1968
Legal Domicile
Md
Voting Board Members
21
Independent Board Members
21
Employees
11
Volunteers
505

Preparer

Firm
Gross Mendelsohn & Associates Pa
Address
1801 PORTER STREET SUITE 500, BALTIMORE, MD 21230
Preparer
Tricia L Thomas
Phone
4106855512
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The society has been recognized by the internal revenue service (irs) as a tax-exempt organization, as defined by section 501(c)(3) of the internal revenue code (irc), that is publicly supported and, therefore, not a private foundation. Income that is not related to exempt purposes, less applicable deductions, is subject to federal and state income taxes. The society had no unrelated business income for the years ended june 30, 2019 and 2018. Accordingly, no provision for income taxes is reflected in these financial statements. The society's federal exempt organization tax returns are subject to examination by the irs, generally for a period of three years after the returns are filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt4PUBLICATIONS BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5FINANCE COMM CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6INTERIM EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DIR UNTIL MAY 2019
IRS990/Form990PartVIISectionAGrp/TitleTxt22EDUCATION DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0SPECIAL INTEREST GROUPS: THE ORGANIZATION HAS ESTABLISHED A PROCESS FOR MEMBERS OF THE SOCIETY WHO HAVE AN INTEREST IN FORMING SPECIAL INTEREST GROUPS (SIGS). THE PURPOSE OF SIGS ARE TO PROVIDE NETWORKING OPPORTUNITIES FOR THE EXCHANGE OF INFORMATION AND IDEAS IN A SPECIFIC RESEARCH AREA, TO PROVIDE MEMBERS WITH A FORUM TO NETWORK AND DISCUSS ISSUES RELEVANT TO THIS RESEARCH AREA, TO PROVIDE THE SOCIETY WITH A DIRECT AVENUE TO MEMBERS WITH SPECIFIC EXPERTISE AND TO PROVIDE MEMBERS WITH AN AVENUE FOR PROFESSIONAL DEVELOPMENT WITHIN A SPECIFIC RESEARCH AREA.
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IRS990/ProgSrvcAccomActy3Grp/Desc0MEMBERSHIP: THE MEMBERSHIP CONSISTED OF A WIDE VARIETY OF PROFESSIONALS AND LEADERS THAT WERE HELPFUL IN THE PROFESSIONAL DEVELOPMENT AND CONTRIBUTED TO THE PURSUIT OF EXCELLENCE IN THE FIELD OF BIOMEDICAL ENGINEERING. THERE ARE SEVERAL CATEGORIES OF MEMBERSHIP; REGULAR MEMBERS, ASSOCIATE MEMBERS, STUDENT MEMBERS, EMERITIS MEMBERS, AND CORPORATE MEMBERS. BMES PUBLISHES A MONTHLY PEER-REVIEWED SCIENTIFIC JOURNAL WHICH IS INCLUDED IN THE MEMBERSHIP FEE OF REGULAR MEMBERS.
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