Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
61 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990; $77K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2021 | FY2020 |
|---|---|---|
| Ed Petrunak | — | $78,725 |
| Jim Lane | $76,647 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Precision Manufacturing Institute is a nonprofit organization based in Meadville, PA.
Questions for Precision Manufacturing Institute
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Operation of a facility for the development and teaching of manufacturing technologies and processes through hands on training and classroom instruction.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $126K | $100K |
| Land, buildings, equipmentLn 10c | $3.0M | $2.9M |
| Total assetsLn 16 | $3.2M | $3.1M |
| LiabilitiesLn 26 | $3.1M | $2.5M |
| Net assetsLn 32 | $94K | $637K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $510K | $262K | $248K | |
| Other employee benefitsLn 9 | $57K | $29K | $28K | |
| Payroll taxesLn 10 | $43K | $22K | $21K | |
| Accounting feesLn 11c | $20K | $11K | $10K | |
| Other fees for servicesLn 11g | $5K | $5K | ||
| Advertising and promotionLn 12 | $28K | $28K | ||
| Office expensesLn 13 | $15K | $4K | $11K | |
| OccupancyLn 16 | $95K | $66K | $28K | |
| TravelLn 17 | $2K | $2K | ||
| InterestLn 20 | $65K | $46K | $20K | |
| Depreciation, depletion and amortizationLn 22 | $136K | $95K | $41K | |
| InsuranceLn 23 | $21K | $15K | $6K | |
| Other expenses (24a–d)Ln 24 | $160K | $137K | $22K | |
| All other expensesLn 24e | $20K | $2K | $18K | |
| Total functional expensesLn 25 | $1.2M | $717K | $460K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2021 Latest Viewing | $1.7M | $1.2M | $543K | $637K | 990 PDF |
| FY2020 | $773K | $1.1M | −$361K | $94K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $1,720,780 revenue, 12 lines filed
Part VI · Governance 8 of 9 board members independent, 2 to look at
Part VIII · Statement of revenue $1,720,780 across 8 lines filed
Part IX · Statement of functional expenses $1,177,724 across 14 lines filed
Part X · Balance sheet $3,144,521 assets, 14 lines filed
Part XI · Reconciliation of net assets $636,713 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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