Civic Intelligence

Accreditation Board for Engineering and Technology Inc.

990 • Fiscal year 2017 • EIN 51-0243571

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 13, 2018

Organization ProfileABET.ORG

View Organization Page

415 North Charles StreetBaltimore, MD 21202

(410) 347-7700

Siviq Scores

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

Liabilities / Assets

69th percentile

0.44x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

0.59x

Higher debt load relative to revenue than 71% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

89th percentile

$444,264

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.1%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$16,024,580

Up $1,774,569 (+12%) from 2016

Net Assets

Up

$8,940,645

Up $1,531,096 (+21%) from 2016

Liabilities

Up

$7,083,935

Up $243,473 (+3.6%) from 2016

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin68th percentile

Revenue

Up

$12,037,723

Up $688,204 (+6.1%) from 2016

Expenses

Up

$10,829,805

Up $158,287 (+1.5%) from 2016

Net Income

Up

$1,207,918

Up $529,917 (+78%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$30M$20M$10M$0Assets 2010: $8,653,151Liabilities 2010: $5,130,646Net Assets 2010: $3,522,5052010Assets 2011: $9,227,306Liabilities 2011: $4,734,892Net Assets 2011: $4,492,4142011Assets 2012: $9,792,685Liabilities 2012: $4,499,881Net Assets 2012: $5,292,8042012Assets 2013: $10,155,637Liabilities 2013: $4,500,687Net Assets 2013: $5,654,9502013Assets 2014: $12,147,696Liabilities 2014: $6,050,672Net Assets 2014: $6,097,0242014Assets 2015: $13,949,258Liabilities 2015: $7,259,116Net Assets 2015: $6,690,1422015Assets 2016: $14,250,011Liabilities 2016: $6,840,462Net Assets 2016: $7,409,5492016Assets 2017: $16,024,580Liabilities 2017: $7,083,935Net Assets 2017: $8,940,6452017Assets 2018: $16,834,616Liabilities 2018: $6,516,011Net Assets 2018: $10,318,6052018Assets 2019: $19,074,120Liabilities 2019: $7,671,748Net Assets 2019: $11,402,3722019Assets 2020: $19,209,109Liabilities 2020: $6,532,362Net Assets 2020: $12,676,7472020Assets 2021: $25,462,231Liabilities 2021: $9,508,336Net Assets 2021: $15,953,8952021Assets 2022: $24,567,861Liabilities 2022: $7,544,572Net Assets 2022: $17,023,2892022Assets 2023: $26,155,499Liabilities 2023: $7,849,547Net Assets 2023: $18,305,9522023Assets 2024: $29,186,384Liabilities 2024: $8,679,987Net Assets 2024: $20,506,3972024

Highlighted filing

2017

Assets$16,024,580
Liabilities$7,083,935
Net Assets$8,940,645
Open 2017 Filing

Operations Trend

Revenue Growth54th percentile

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

$20M$15M$10M$5.0M$0Expenses 2010: $6,786,8832010Revenue 2011: $8,515,094Expenses 2011: $7,545,185Net Income 2011: $969,9092011Expenses 2012: $7,841,0322012Expenses 2013: $8,487,2752013Revenue 2014: $9,520,553Expenses 2014: $9,078,479Net Income 2014: $442,0742014Revenue 2015: $10,482,673Expenses 2015: $9,901,941Net Income 2015: $580,7322015Revenue 2016: $11,349,519Expenses 2016: $10,671,518Net Income 2016: $678,0012016Revenue 2017: $12,037,723Expenses 2017: $10,829,805Net Income 2017: $1,207,9182017Revenue 2018: $12,776,851Expenses 2018: $11,591,529Net Income 2018: $1,185,3222018Revenue 2019: $12,769,955Expenses 2019: $11,683,883Net Income 2019: $1,086,0722019Revenue 2020: $12,461,728Expenses 2020: $11,326,990Net Income 2020: $1,134,7382020Revenue 2021: $12,376,690Expenses 2021: $9,395,082Net Income 2021: $2,981,6082021Revenue 2022: $14,197,976Expenses 2022: $11,833,104Net Income 2022: $2,364,8722022Revenue 2023: $14,613,853Expenses 2023: $13,796,316Net Income 2023: $817,5372023Revenue 2024: $15,259,727Expenses 2024: $14,744,336Net Income 2024: $515,3912024

Highlighted filing

2017

Revenue$12,037,723
Expenses$10,829,805
Net Income$1,207,918
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 13, 2018
Return Version
2016v3.0
Gross Receipts
$12,037,723
Mission and Program Overview

Mission

Abet serves the public through the promotion and advancement of education in applied science, computing, engineering, and technology.

Promotion and advancement of edu. In applied science, computing, engineering, and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,333,960$4,926,214▲ $1,592,254
Land, Buildings, and Equipment, Net$4,064,744$4,127,554▲ $62,810
Investments in Publicly Traded Securities$2,622,541$3,349,130▲ $726,589
Investments Other Securities$2,201,122$1,936,529▼ $264,593
Accounts Receivable$1,186,255$902,971▼ $283,284
Prepaid Expenses and Deferred Charges$634,271$506,604▼ $127,667
Total Assets$14,250,011$16,024,580▲ $1,774,569
Other Assets Total$207,118$275,578▲ $68,460
Liabilities
Deferred Revenue$4,946,959$5,089,209▲ $142,250
Accounts Payable and Accrued Expenses$1,686,385$1,719,148▲ $32,763
Other Liabilities$207,118$275,578▲ $68,460
Total Liabilities$6,840,462$7,083,935▲ $243,473
Net Assets / Fund Balance
Unrestricted Net Assets$7,409,549$8,940,645▲ $1,531,096
Total Net Assets Fund Balance$7,409,549$8,940,645▲ $1,531,096
Total Liabilities and Net Assets / Fund Balance$14,250,011$16,024,580▲ $1,774,569

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,874,410$1,196,488$3,070,898
Buildings$1,712,995$394,964$2,107,959
Equipment$180,149$336,497$516,646
Land$360,000-$360,000
Other Securities$1,936,529--
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael MilliganExecutive DirectorFT$370,014$74,250$444,264
Joseph SussmanChief Off. of Accreditation & InfoFT$237,849$51,649$289,498
Lance HoboySenior Executive AdvisorPT$191,572$38,410$229,982
Charles HickmanChief Off. of Constituent RelationsFT$170,983$48,289$219,272
Danielle Duran BaronSenior Director of Marketing & CommFT$120,100$40,830$160,930
Jessica SilwickChief Financial OfficerFT$123,410$26,639$150,049
Hwan-kyung ChungSoftware ArchitectFT$123,386$22,097$145,483
Jane EmmetAccreditation Operations DirectorFT$112,045$23,285$135,330
Joseph LuksicInfo Management DirectorFT$122,772$7,614$130,386

Board Members and Trustees

NameTitle
Larry JonesPast President
Wayne BergstromPresident
Michael LightnerPresident Elect
Janice ZdankusAt-large Director
Steve CramerAt-large Director
David KellyComputing Area Director
Dianne ChongEngineering Area Director
Scott DanielsonEngineering Technology Area Director
Nicole ChestangPublic Director
Bret ClausenApplied Science Area Direc
Mary Leigh WolfeSecretary
Craig MusselmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,009,222
Investment Income
$25,370
Other Revenue
$3,131
Change in Net Assets
$1,207,918

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,037,723
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$11,248,768
Total Revenue per Audited Statements
$23,286,491
Total Revenue per Form 990
$12,037,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,563,464
Salaries, Compensation, and Employee Benefits$4,266,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,584,268$291,515-$2,875,783
Travel$2,709,382$9,969-$2,719,351
Conferences and Meetings$1,271,678$5,376-$1,277,054
Fees for Services Other$1,058,210$138,459-$1,196,669
Current Officers, Directors, Trustees, and Key Employees$516,369$129,092-$645,461
Office Expenses$323,184$57,564-$380,748
Other Employee Benefits$295,887$43,951-$339,838
Depreciation Depletion$222,545$104,727-$327,272
Payroll Taxes$62,276$180,447-$242,723
Advertising$173,188--$173,188
Pension Plan Contributions$145,606$16,930-$162,536
Occupancy$78,122$36,611-$114,733
Insurance$67,244$9,712-$76,956
Other Expenses$28,034$13,195-$41,229
Fees for Services Accounting$25,262$11,888-$37,150
Fees for Services Legal$7,271$3,421-$10,692
Total Functional Expenses$9,757,303$1,072,502$0$10,829,805

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$21,755,395
Expenses Not Reported on Form 990$10,925,590
Expenses per Audited Statements$10,829,805
Total Expenses per Form 990$10,829,805
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesEvaluation of Programs to Be Accredited00-
Europe (including Iceland & Greenland)Program ServicesEvaluation of Programs to Be Accredited00-
Middle East and North AfricaProgram ServicesEvaluation of Programs to Be Accredited00-
North AmericaProgram ServicesEvaluation of Programs to Be Accredited00-
South AmericaProgram ServicesEvaluation of Programs to Be Accredited00-
Sub-saharan AfricaProgram ServicesEvaluation of Programs to Be Accredited00-
South AsiaProgram ServicesEvaluation of Programs to Be Accredited00-
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 Compensation Payable$275,578
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
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“Abet's bylaws were amended to confirm responsbility of the area delegations to appoint commissioners, and for global council membership to be appointed by the president. The bylaws were also amended to increase the number of members of the industry advisory council (iac) from approximately fifteen members to approximately twenty members.”

Form 990, Part VI, Section A, Line 6

“Abet is comprised of societies that have been admitted as member societies or associate member societies in accordance with provisions of the abet constitution.”

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

“The board of directors is comprised of individuals who serve as officers, directors, and representatives of the public. Delegates are selected and appointed by the separate member societies, with each society having at least one but not more than three directors. The officers of abet shall be selected by election within the board after they are nominated from a group comprised of present and past directors.”

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

“With the exception of some minor operational headquarters decisions, most decisions must have the majority vote of the board to be implemented.”

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

“An initial review is done by current treasurer, immediate past president and executive director. A reviewed copy is then provided to the board of directors and board members. Any questions are directed to the cfo.”

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

“Every year each board member receives a conflict of interest document that they must sign off on confirming that they understand their responsibility to excuse themselves from discussion or decisions where they may have a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“An outside consulting firm is hired every few years to conduct a compensation study and make recommendations. Our most recent compensation study was conducted in 2015.”

Form 990, Part VI, Section C, Line 19

“All of the above documents are currently available on a sharepoint web site that all directors and public members have access to.”

Filing and Contact Details

Filer

Filer Name
Accreditation Board for Engineering
EIN
51-0243571
Phone
4103477700
Address
415 NORTH CHARLES STREET, BALTIMORE, MD 21202

Signing Officer

Name
Michael Milligan
Title
Executive Director
Phone
4103477700
Signed
2018-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Milligan
Formed
1963
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
45
Volunteers
1,125

Preparer

Firm
Councilor Buchanan & Mitchell Pc
Address
7910 WOODMONT AVE STE 500, BETHESDA, MD 20814
Preparer
Holly Caporale
Phone
3019860600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees - other: program service expenses 403,784. Management and general expenses 52,832. Fundraising expenses 0. Total expenses 456,616. Outside computer services: program service expenses 188,555. Management and general expenses 24,671. Fundraising expenses 0. Total expenses 213,226. Adjunct consulting fees: program service expenses 465,871. Management and general expenses 60,956. Fundraising expenses 0. Total expenses 526,827.”

Form 990. Part XII, Line 2C

“The process remains unchanged from the previous year.”

Financial Statement Notes

PART X, LINE 2:

“Abet requires that a tax position be recognized or derecognized based on a "more-likely-than-not" threshold. This applies to positions taken or expected to be taken in a tax return. Abet does not believe its financial statements include, or reflect, any uncertain tax positions.”

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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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IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL LIGHTNER
IRS990/Form990PartVIISectionAGrp/PersonNm10MARY LEIGH WOLFE
IRS990/Form990PartVIISectionAGrp/PersonNm11MICHAEL MILLIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm12CRAIG MUSSELMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13JESSICA SILWICK
IRS990/Form990PartVIISectionAGrp/PersonNm14CHARLES HICKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm15JOSEPH SUSSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm16DANIELLE DURAN BARON
IRS990/Form990PartVIISectionAGrp/PersonNm17JANE EMMET
IRS990/Form990PartVIISectionAGrp/PersonNm18JOSEPH LUKSIC
IRS990/Form990PartVIISectionAGrp/PersonNm19HWAN-KYUNG CHUNG
IRS990/Form990PartVIISectionAGrp/PersonNm20LANCE HOBOY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11425364
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13141410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14187983
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15272849
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16138100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17112045
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18122772
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19123386
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20216572
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0APPLIED SCIENCE AREA DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt1ENGINEERING AREA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2ENGINEERING TECHNOLOGY AREA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PUBLIC DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4COMPUTING AREA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5AT-LARGE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6AT-LARGE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF OFF. OF CONSTITUENT RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF OFF. OF ACCREDITATION & INFO
IRS990/Form990PartVIISectionAGrp/TitleTxt16SENIOR DIRECTOR OF MARKETING & COMM
IRS990/Form990PartVIISectionAGrp/TitleTxt17ACCREDITATION OPERATIONS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18INFO MANAGEMENT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19SOFTWARE ARCHITECT
IRS990/Form990PartVIISectionAGrp/TitleTxt20SENIOR EXECUTIVE ADVISOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01963
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt012037723
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt09
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt09712
IRS990/InsuranceGrp/ProgramServicesAmt067244
IRS990/InsuranceGrp/TotalAmt076956
IRS990/InvestmentIncomeGrp/ExclusionAmt025370
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt025370
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02201122
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01936529
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02622541
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03349130
IRS990/IRPDocumentCnt028
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01927949
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04064744
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04127554
IRS990/LandBldgEquipCostOrOtherBssAmt06055503
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ABET SERVES THE PUBLIC THROUGH THE PROMOTION AND ADVANCEMENT OF EDUCATION IN APPLIED SCIENCE, COMPUTING, ENGINEERING, AND TECHNOLOGY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07409549
IRS990/NetAssetsOrFundBalancesEOYAmt08940645
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0323178
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt036611
IRS990/OccupancyGrp/ProgramServicesAmt078122
IRS990/OccupancyGrp/TotalAmt0114733
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt057564
IRS990/OfficeExpensesGrp/ProgramServicesAmt0323184
IRS990/OfficeExpensesGrp/TotalAmt0380748
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0207118
IRS990/OtherAssetsTotalGrp/EOYAmt0275578
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt043951
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0295887
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0339838
IRS990/OtherExpensesGrp/Desc0STAFF DEVELOPMENT AND M
IRS990/OtherExpensesGrp/Desc1VOLUNTEER RECOGNITION
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP DUES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015415
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1257
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23973
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt313195
IRS990/OtherExpensesGrp/ProgramServicesAmt081999
IRS990/OtherExpensesGrp/ProgramServicesAmt157148
IRS990/OtherExpensesGrp/ProgramServicesAmt249630
IRS990/OtherExpensesGrp/ProgramServicesAmt328034
IRS990/OtherExpensesGrp/TotalAmt097414
IRS990/OtherExpensesGrp/TotalAmt157405
IRS990/OtherExpensesGrp/TotalAmt253603
IRS990/OtherExpensesGrp/TotalAmt341229
IRS990/OtherLiabilitiesGrp/BOYAmt0207118
IRS990/OtherLiabilitiesGrp/EOYAmt0275578
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03131
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03131
IRS990/OtherRevenueTotalAmt03131
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0291515
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02584268
IRS990/OtherSalariesAndWagesGrp/TotalAmt02875783
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0180447
IRS990/PayrollTaxesGrp/ProgramServicesAmt062276
IRS990/PayrollTaxesGrp/TotalAmt0242723
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt016930
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0145606
IRS990/PensionPlanContributionsGrp/TotalAmt0162536
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0634271
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0506604
IRS990/PrincipalOfficerNm0MICHAEL MILLIGAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0ACCREDITATION FEES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2PROFESSIONAL SERVICE R
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09005400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11920832
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21082990
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09005400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11920832
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21082990
IRS990/ProgSrvcAccomActy2Grp/Desc0SOCIETY ACCREDITATION ACTIVITIES ADMINISTRATION - ABET FACILITATES THE DISCUSSIONS (THROUGH MEETINGS AND COMMUNICATIONS) AMONG THE MEMBER SOCIETIES WHICH ARE REPRESENTED ON THE ABET BOARD OF DIRECTORS, IMPLEMENTS THE RESULTING CHANGES IN POLICIES AND PROCEDURES AS REACHED BY A CONSENSUS OF THE SOCIETY REPRESENTATIVES, AND ENSURES COMPLIANCE WITH CHANGES. ABET ALSO PROVIDES TRAINING, SYSTEMS AND WEB TOOLS TO ASSIST THE STAFF AND VOLUNTEERS OF THE MEMBER SOCIETIES IN THE FULFILLMENT OF THEIR OWN ACCREDITATION ACTIVITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03354763
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01920832
IRS990/ProgSrvcAccomActy3Grp/Desc0PROFESSIONAL SERVICES - WORKSHOPS FOR FACULTY, MEETINGS FOR PROFESSIONAL TECHNICAL SOCIETIES, AND PROVIDES SPEAKERS ON EDUCATION AND ACCREDITATION TOPICS, AS WELL AS, PRINT AND ON-LINE INFORMATIONAL NEWSLETTERS AND PUBLICATIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01733312
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01191121
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt027230
IRS990/PYOtherExpensesAmt06341584
IRS990/PYOtherRevenueAmt023706
IRS990/PYProgramServiceRevenueAmt011298583
IRS990/PYRevenuesLessExpensesAmt0678001
IRS990/PYSalariesCompEmpBnftPaidAmt04329934
IRS990/PYTotalExpensesAmt010671518
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011349519
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01207918
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08900400
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01920832
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01689487
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01747618
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01513194
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01468220
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt08339351
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt025370
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt027230
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt018568
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0651
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0763
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt072582
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt010091521

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,024,580
Liabilities
$7,083,935
Net assets
$8,940,645
Revenue
$12,037,723
Expenses
$10,829,805
Net income
$1,207,918
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.2$8.68$20.5$15.3$14.7$0.52
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.2$7.85$18.3$14.6$13.8$0.82
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.6$7.54$17.0$14.2$11.8$2.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$9.51$16.0$12.4$9.40$2.98
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$6.53$12.7$12.5$11.3$1.13
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$7.67$11.4$12.8$11.7$1.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$6.52$10.3$12.8$11.6$1.19
2017Detailed filing. Detailed filing data is available for this year.$16.0$7.08$8.94$12.0$10.8$1.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$6.84$7.41$11.3$10.7$0.68
2015Detailed filing. Detailed filing data is available for this year.$13.9$7.26$6.69$10.5$9.90$0.58
2014Detailed filing. Detailed filing data is available for this year.$12.1$6.05$6.10$9.52$9.08$0.44
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$4.50$5.65$8.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.79$4.50$5.29$7.84
2011Summary only. Only limited summary data is available for this year.$9.23$4.73$4.49$8.52$7.55$0.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.65$5.13$3.52$6.79