Nonprofit · EIN 22-3525903
HYDRAULIC INSTITUTE
Tax-exempt · PARSIPPANY, NJ 07054
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,765,828 | $3,476,522 | $289,306 | $6,583,083 | $2,515,641 | $4,067,442 |
| December 31, 2023 | 990 | $3,513,409 | $3,243,128 | $270,281 | $5,959,150 | $2,183,170 | $3,775,980 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,040,050
- Investment income
- $454,642
- Royalties
- $271,136
- Other revenue
- $271,136
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $913,781
- Other salaries and wages
- $269,892
- Salaries, compensation and benefits (total)
- $1,682,803
- Professional fundraising fees
- $0
- Legal fees
- $116,375
- Accounting fees
- $17,480
- Occupancy
- $70,034
- Travel
- $178,501
- Depreciation
- $4,376
- Program services (functional)
- $2,914,620
- Management and general (functional)
- $561,902
Balance sheet and other
- Total assets, start of year
- $5,959,150
- Total assets, end of year
- $6,583,083
- Total liabilities, end of year
- $2,515,641
- Net assets, end of year
- $4,067,442
- Land, buildings and equipment
- $8,114
- Publicly traded securities
- $3,393,270
- Net assets without donor restrictions
- $4,067,442
- Gross receipts
- $3,765,828
- Employees
- 18
- Volunteers
- 150
- Year formed
- 1917
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL MICHAUD | EXECUTIVE DIRECTOR | 32 | $332,882 | $83,221 | $60,880 |
| PETER GAYDON | DIRECTOR OF TECHNICAL AFFAIRS | 36 | $199,835 | $22,204 | $45,045 |
| MIKE REIMERS | CONTROLLER | 32 | $124,726 | $53,454 | $19,668 |
| DENIELLE GIORDANO | DIRECTOR, MARKETING AND EVENTS | 36 | $101,518 | $33,839 | $25,717 |
| MATT DERNER | MANAGER, BUSINESS DEVELOPMENT | 11 | $32,247 | $96,741 | $912 |
| SCOTT KING | Chairman Trustee or director, Officer | 5 | $0 | $0 | $0 |
| MIKE MANCUSO | Director Trustee or director | 5 | $0 | $0 | $0 |
| DAVID FLINTON | Director Trustee or director | 5 | $0 | $0 | $0 |
| TROY PICKERING | Director Trustee or director | 5 | $0 | $0 | $0 |
| JULIAN ATCHIA | Director Trustee or director | 5 | $0 | $0 | $0 |
| AL POURIA | Director Trustee or director | 5 | $0 | $0 | $0 |
| JOHN DONATIELLO | President Trustee or director, Officer | 5 | $0 | $0 | $0 |
| KERBY POPE | Treasurer Trustee or director | 5 | $0 | $0 | $0 |
| TRYGE DAHL | Director Trustee or director | 5 | $0 | $0 | $0 |
| ANSELL SIMS | Secretary Trustee or director | 5 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG CASE | Director Trustee or director | 5 | $0 |
| JACK CLAXTON | Director Trustee or director | 5 | $0 |
| DAN MCGRATH | Director Trustee or director | 5 | $0 |
| GREG LEVINE | Director Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL MICHAUD | EXECUTIVE DIRECTOR | 32 | $305,022 | $76,256 | $57,453 |
| PETER GAYDON | DIRECTOR OF TECHNICAL AFFAIRS | 36 | $191,147 | $21,239 | $39,236 |
| MIKE REIMERS | CONTROLLER | 32 | $118,404 | $50,744 | $18,834 |
| DENIELLE GIORDANO | DIRECTOR, MARKETING AND EVENTS | 36 | $96,138 | $32,046 | $24,731 |
| MATT DERNER | MANAGER, BUSINESS DEVELOPMENT | 11 | $30,659 | $91,977 | $936 |
| SCOTT KING | President Trustee or director | 5 | $0 | $0 | $0 |
| RANDY BENNETT | Director Trustee or director | 5 | $0 | $0 | $0 |
| MIKE MANCUSO | Director Trustee or director | 5 | $0 | $0 | $0 |
| DAVID FLINTON | Director Trustee or director | 5 | $0 | $0 | $0 |
| TROY PICKERING | Director Trustee or director | 5 | $0 | $0 | $0 |
| BRIAN SWEENEY | Chairman Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JULIAN ATCHIA | Director Trustee or director | 5 | $0 | $0 | $0 |
| AL POURIA | Director Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JOHN DONATIELLO | Treasurer Trustee or director | 5 | $0 | $0 | $0 |
| KERBY POPE | Secretary Trustee or director | 5 | $0 | $0 | $0 |
| TRYGE DAHL | Director Trustee or director | 5 | $0 | $0 | $0 |
| ANSELL SIMS | Director Trustee or director | 5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 INTERPACE PKWY STE A, PARSIPPANY, NJ 07054-1100
- In care of
- % ROBERT K ASDAL
- Principal officer (990 for 2024)
- MICHAEL MICHAUD
- Signed the 990
- MICHAEL MICHAUD, Executive Dir.
- Phone
- (973) 267-9700
- Website
- WWW.PUMPS.ORG
- Return prepared by
- PETER GILL CPA LLC
Mission
SEE SCHEDULE O
Program accomplishments
- MEMBER DUES PROVIDE FUNDING USED BY THE ORGANIZATION TO FURTHER ITS MISSION INCLUDING DEVELOPING INDUSTRY STANDARDS FOR PUMP USERS WORLDWIDE AND TO DEVELOP EDUCATION PROGRAMS BENEFICIAL TO THE PUMP INDUSTRY, AS WELL AS PROVIDING OTHER MEMBER SERVICES
- THE HYDRAULIC INSTITUTE PUBLISHES INDUSTRY STANDARDS, THE ENGINEERING DATA BOOK, SEALING GUIDELINES, THE LCC GUIDE, THE VSP GUIDE, THE OPTIMIZING SYSTEMS GUIDE, POWER PLANT GUIDELINE, PUMP TEST LAB APPROVAL GUIDE AND OFFERS SUBSCRIPTIONS TO ECONOMIC REPORTS ABOUT THE PUMPING INDUSTRY. THESE PUBLICATIONS PROVIDE INFORMATION FOR PUMP USERS TO ENABLE THEM TO MAXIMIZE EFFECTIVE APPLICATION TESTING, INSTALLATION, OPERATION AND MAINTENANCE OF PUMPS AND PUMPING SYSTEMS.
- See Schedule O
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3525903
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,583,083
- Income (IRS master file)
- $3,765,828
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,765,828 | $3,476,522 | $6,583,083 | XML |
| 990 | December 2023 | $3,513,409 | $3,243,128 | $5,959,150 | XML |
| 990 | December 2022 | $2,654,517 | $3,126,172 | $5,778,517 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3525903).
Questions about HYDRAULIC INSTITUTE
- What is the EIN of HYDRAULIC INSTITUTE?
- The employer identification number (EIN) of HYDRAULIC INSTITUTE is 22-3525903.
- Is HYDRAULIC INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
- Are donations to HYDRAULIC INSTITUTE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HYDRAULIC INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HYDRAULIC INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HYDRAULIC INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HYDRAULIC INSTITUTE?
- The 990 for the year ended December 31, 2024 names MICHAEL MICHAUD.
- Who are the officers and directors of HYDRAULIC INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 19 people; 5 received compensation from the organization, the highest $332,882 (MICHAEL MICHAUD, EXECUTIVE DIRECTOR).
- How much revenue does HYDRAULIC INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,765,828, expenses of $3,476,522 and total assets of $6,583,083 at year end.
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