National Board of Boiler and Pressure Vessel Inspectors

EIN: 314262510

Columbus, OH

Total Revenue
$20,678,694
Total Expenses
$18,652,000
Total Assets
$57,833,780
Net Assets
$49,480,244
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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
OH
Phone
6148888320
Tax Period
2022-07-01 to 2023-06-30

National Board of Boiler and Pressure Vessel Inspectors, founded in 1919, is a mid-sized nonprofit that reported $20.7M in total revenue in fiscal year 2022. Expenses of $18.7M left a modest 10% surplus.

Mission

The National Board's mission is to promote greater safety to life and property by securing concerted action and maintaining uniformity in the construction, installation, inspection, operation, repair and alteration of boilers, pressure vessels and other pressure retaining items and their appurtenances, thereby assuring acceptance and interchangeability among jurisdictional authorities.

Program Service Accomplishments

Program 1
Expenses: $6,506,375 Revenue: $9,117,753

Testing, Reviewing, and Accrediting Quality Control Programs for Compliance with Safety Standards. Conducted 2,602 tests of pressure relief devices, 1,567 reviews of quality control programs, and...

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Testing, Reviewing, and Accrediting Quality Control Programs for Compliance with Safety Standards. Conducted 2,602 tests of pressure relief devices, 1,567 reviews of quality control programs, and accredited 1,803 entities for the purpose of assuring compliance with the uniform safety standards of the American Society of Mechanical Engineers (ASME) Boiler and Pressure Vessel Code and/or the National Board Inspection Code, the safety standard for inspection, repair and alteration of boilers, pressure vessels and other pressure retaining items. Also included is the sale of the National Board Inspection Code.

Program 2
Expenses: $3,014,240 Revenue: $2,626,350

Training and Commissioning/Certifying Inspectors in the Requirements of Safety Standards. Trained over 6,000 students and commissioned/certified approximately 5,500 inspectors in the requirements of...

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Training and Commissioning/Certifying Inspectors in the Requirements of Safety Standards. Trained over 6,000 students and commissioned/certified approximately 5,500 inspectors in the requirements of the American Society of Mechanical Engineers (ASME) Boiler and Pressure Vessel Code and the National Board Inspection Code in an effort to maintain uniform qualifications of inspectors and assurance of compliance with uniform safety standards of the ASME Boiler and Pressure Vessel Code and the National Board Inspection Code.

Program 3
Expenses: $1,328,125 Revenue: $7,715,057

Data Report Registrations. Registered 2,181,228 items certifying these items were constructed and/or repaired in accordance with uniform safety standards, the ASME Boiler and Pressure Vessel Code and...

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Data Report Registrations. Registered 2,181,228 items certifying these items were constructed and/or repaired in accordance with uniform safety standards, the ASME Boiler and Pressure Vessel Code and the National Board Inspection Code, copies of which are made available to National Board members to assist them in their respective duties of enforcement of boiler and pressure vessel safety rules and regulations within their respective jurisdictions. Supplied 52,770 copies of previously registered data reports to enable items to be repaired and/or altered in accordance with uniform safety standards.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $19,518,260
Investment Income $1,160,434
Other Revenue $0
TOTAL REVENUE $20,678,694

Expense Breakdown

Grants Paid $17,500
Salaries & Benefits $9,977,871
Fundraising Expenses $0
Program Expenses $12,819,455
Other Expenses $8,656,629
TOTAL EXPENSES $18,652,000

Year-over-Year Comparison

2022 2021 Change
Revenue $20,678,694 $19,520,005 +0.1%
Expenses $18,652,000 $18,378,435 +0.0%
Net Income $2,026,694 $1,141,570 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
109
Volunteers
34

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
5
$605,746
Total Directors
8
$5,020
Key Employees
3
$660,282
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A First Vice Chair, Board of Trustees 1.0
Officer Director
$0 $0 $0
N/A Second Vice Chair, Board of Trustees, retired 2/28/2023 1.0
Officer Director
$700 $0 $700
N/A Chair, Board of Trustees 1.0
Officer Director
$2,923 $0 $2,923
N/A Member at Large, Board of Trustees 1.0
Director
$0 $0 $0
N/A Member at Large, Board of Trustees (retired 5/31/2023) 1.0
Director
$0 $0 $0
N/A Member at Large, Board of Trustees 1.0
Director
$1,397 $0 $1,397
N/A Second Vice Chair, Board of Trustees 1.0
Director
$0 $0 $0
N/A Member at Large, Board of Trustees 1.0
Director
$0 $0 $0
N/A Executive Director 40.0
Officer
$317,335 $68,997 $386,332
N/A CFO 40.0
Officer
$172,564 $43,227 $215,791
N/A Assistant Executive Director-Technical 40.0
Key Emp
$201,255 $24,633 $225,888
N/A Director of Software and Services 40.0
Key Emp
$176,698 $43,474 $220,172
N/A Assistant Executive Director-Administrative 40.0
Key Emp
$199,005 $15,217 $214,222
N/A Director of Information Technology 40.0
Highest
$156,992 $37,029 $194,021
N/A Director of Jurisdictional Affairs 40.0
Highest
$149,481 $21,193 $170,674
N/A Director of Product Management 40.0
Highest
$163,310 $42,440 $205,750
N/A Laboratory Director 40.0
Highest
$157,574 $31,144 $188,718
N/A Director of Development 40.0
Highest
$163,796 $22,356 $186,152
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $20,678,694 $18,652,000 $57,833,780 $2,026,694
2022 $19,520,005 $18,378,435 $52,676,629 $1,141,570
2021 $17,688,283 $15,864,225 $59,251,681 $1,824,058
2020 $17,845,183 $15,028,442 $51,134,382 $2,816,741
2019 $19,894,624 $15,506,158 $49,626,511 $4,388,466
2018 $20,366,660 $15,320,600 $45,309,626 $5,046,060
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