PROJECT MANAGEMENT INSTITUTE

EIN: 231887442 Community Improvement

NEWTOWN SQUARE, PA

Total Revenue
$391,998,745
Total Expenses
$360,990,793
Total Assets
$689,388,130
Net Assets
$557,259,297
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
PA
Principal Officer
PIERRE LE MANH
Phone
6103564600
Tax Period
2023-01-01 to 2023-12-31

PROJECT MANAGEMENT INSTITUTE, founded in 1969, is a major nonprofit in the Community Improvement sector that reported $392.0M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $361.0M left a modest 8% surplus.

Mission

LISTED PERSONS WHO INCUR TRAVEL EXPENSES ARE RESPONSIBLE FOR COMPLYING WITH THE TRAVEL POLICY. ALL INDIVIDUALS SUBMITTING EXPENSES NOT IN COMPLIANCE WITH THIS POLICY RISK DELAY IN PAYMENT AND/OR PARTIAL OR FORFEITED REIMBURSEMENT. REGIONAL AIR TRAVEL WILL BE IN COACH CLASS. AIR TRAVEL THAT IS GREATER THAN 4 HOURS TO THE DESTINATION (NOT CALCULATING LAYOVERS INTO THIS NUMBER, BUT POINT TO POINT TRAVEL), WILL BE IN BUSINESS CLASS. SHOULD A TRAVELER DESIRE FIRST CLASS, ANY ADDITIONAL EXPENSES FROM THIS TYPE OF REQUEST WILL BE PAID BY THE TRAVELER AND MUST BE PAID TO PMI AT THE TIME OF CONFIRMATION. A LIST OF ATTENDEES AUTHORIZED TO TRAVEL ON PMI-RELATED BUSINESS MUST BE GIVEN TO PMI'S IN-HOUSE TRAVEL CONSULTANT IN ADVANCE BY THE MEETING HOST. TRAVEL FOR COMPANIONS: THE PRESIDENT AND CEO'S EMPLOYMENT AGREEMENT INCLUDES REIMBURSEMENT FOR LIMITED, QUALIFIED SPOUSAL TRAVEL. THESE BENEFITS ARE INCLUDED AS COMPENSATION. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: PMI REQUIRES THAT EXECUTIVES SUBMIT THEIR EXPENSE WITH DOCUMENTATION OF A RECEIPT SHOWING PAYMENT FOR A WELLNESS BENEFIT (EX. GYM MEMBERSHIP, WEIGHT LOSS PROGRAM, PERSONAL TRAINER, ETC.). PMI RETAINS SUPPORTING DOCUMENTATION FOR THESE FEES AND ALL BENEFITS ARE INCLUDED IN THE RESPECTIVE EMPLOYEE'S W-2 WAGES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $352,620,939
Investment Income $20,837,255
Other Revenue $18,540,551
TOTAL REVENUE $391,998,745

Expense Breakdown

Grants Paid $10,381,800
Salaries & Benefits $107,674,480
Fundraising Expenses $0
Program Expenses $0
Other Expenses $242,934,513
TOTAL EXPENSES $360,990,793

Year-over-Year Comparison

2023 2022 Change
Revenue $391,998,745 $267,259,122 +0.5%
Expenses $360,990,793 $333,631,787 +0.1%
Net Income $31,007,952 $-66,372,665 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
724
Volunteers
12268

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$2,398,740
Total Directors
12
$0
Key Employees
1
$452,295
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pierre Le Manh PRESIDENT & CEO 50.0
Officer
$1,001,656 $38,979 $1,040,635
JOSEPH J CAHILL FORMER KEY EMPLOYEE 50.0
$742,316 $9,424 $751,740
DAVID L GARRETT CHIEF STRATEGY & GROWTH OFFICE 50.0
Highest
$466,213 $53,782 $519,995
YONG TAO CHEN MANAGING DIRECTOR, CHINA 50.0
Highest
$0 $0 $505,358
MARK BROOME CHIEF PRODUCT OFFICER 50.0
Highest
$442,705 $51,226 $493,931
DOROTHY MCKELVY VP, GLOBAL TALENT 50.0
Key Emp
$413,316 $38,979 $452,295
CHRISTINE MILLAWAY TREASURER (JAN-MARCH) 50.0
Officer
$420,838 $20,982 $441,820
Abdullah S Wright Chief Strategy Officer 50.0
Highest
$363,085 $48,444 $411,529
Daniel Conrad VP, GENERAL COUNSEL & CORP SEC 50.0
Officer
$382,896 $21,226 $404,122
BENJAMIN BREEN MANAGING DIRECTOR Asia Pacific 50.0
Highest
$0 $0 $369,618
SIERRA HAMPTON-SIMMONS FORMER KEY EMPLOYEE 40.0
$299,430 $55,944 $355,374
MICHAEL DEPRISCO FORMER OFFICER 40.0
$288,009 $16,716 $304,725
MARJORIE H GORDON FORMER OFFICER 40.0
$270,318 $22,741 $293,059
ANA AJOSE INTERIM TREASURER (MAR-JUNE) 50.0
Officer
$271,008 $21,565 $292,573
JANINE VAN STADEN CFO (JUNE - DECEMBER) 50.0
Officer
$199,732 $19,858 $219,590
JENNIFER THARP CHAIR 10.0
Officer Director
$0 $0 $0
AGNIESZKA MARIA GASPERINI DIRECTOR AT LARGE 6.0
Director
$0 $0 $0
DIANE ALSING DIRECTOR AT LARGE 6.0
Director
$0 $0 $0
MATTHEW TOMLINSON DIRECTOR AT LARGE 6.0
Director
$0 $0 $0
PABLO LLEDO AUDIT COMMITTEE CHAIR 6.0
Director
$0 $0 $0
LYNN A KEEYS DIRECTOR AT LARGE 6.0
Director
$0 $0 $0
IKE NWANKWO Governance Committee Chair 6.0
Director
$0 $0 $0
LYNN SHANNON DIRECTOR AT LARGE 6.0
Director
$0 $0 $0
SARINA ARCARI DIRECTOR AT LARGE 6.0
Director
$0 $0 $0
GALEN TOWNSON STRATEGY OVERS COMMITTEE CHAIR 6.0
Director
$0 $0 $0
LUANN PICCARD Comp and Talent Commit CHAIR 6.0
Director
$0 $0 $0
TOM BLOEMERS DIRECTOR AT LARGE 6.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $391,998,745 $360,990,793 $689,388,130 $31,007,952
2022 $267,259,122 $333,631,787 $620,363,012 $-66,372,665
2021 $329,593,353 $282,247,961 $708,097,733 $47,345,392
2020 $282,705,810 $265,826,691 $675,097,842 $16,879,119
2019 $285,469,192 $301,871,603 $602,124,281 $-16,402,411
2018 $261,907,754 $229,618,604 $553,010,987 $32,289,150
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