International Precious Metals Educational & Scientific Foundatio
- Assets
- $1.1m
- Revenue
- $589.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 12/1979
- Data as of
- 12/2021
- EIN
- 06-0952238
Organization Overview
International Precious Metals Educational & Scientific Foundatio is located in Pensacola, FL. The organization was established in 1979. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Precious Metals Educational & Scientific Foundatio is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, International Precious Metals Educational & Scientific Foundatio generated $589.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $509.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE MEMBERS AND GENERAL PUBLIC ON ISSUES CONCERNING PRECIOUS METALS
Describe the Organization's Program Activity:
AWARDS PROGRAM - FOR ACHIEVEMENTS, CONTRIBUTIONS TO THE EDUCATIONAL INSTITUTIONS, RESEARCH AND OTHER EFFORTS WHICH ARE VALUABLE TO THE PRECIOUS METALS INDUSTRY
THE IPMI JOURNAL IS A PUBLICATION OF THE INTERNATIONAL PRECIOUS METALS EDUCATIONAL AND SCIENTIFIC FOUNDATION. THIS DIGITAL PEER REVIEWED PUBLICATION HAS BEEN CREATED AS A VEHICLE FOR THE SHARING OF TECHNICAL INFORMATION RELATED TO THE SCIENCE AND TECHNOLOGY OF PRECIOUS METALS. DUE TO THE BREADTH OF IMPORTANT TOPICS RELATED TO ALL ASPECTS OF PRECIOUS METALS, IT HAS BEEN THE VISION OF THE IPMI TO PROVIDE A PUBLICATION AVAILABLE TO OUR MEMBERS THAT WOULD BECOME A KEY SOURCE OF PERTINENT TOPICS CONTAINING HIGH QUALITY PUBLICATIONS BY EXPERTS IN THEIR FIELDS OF STUDY. THE JOURNAL WILL NOT ONLY COMMUNICATE STATE OF THE ART DISCOVERIES AND SOUND PRACTICES, BUT WILL ALSO REVIEW HISTORICAL COMMUNICATIONS FROM THE IPMI'S ARCHIVES THAT HAVE VALUE AND USE EVEN IN TODAY'S ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Zachary Henneman Vice President | OfficerTrustee | 1 | $0 |
Miguel Perez-Santalla President | OfficerTrustee | 1 | $0 |
Scott Schwartz Compliance Officer | OfficerTrustee | 1 | $0 |
David Deuel Treasurer | OfficerTrustee | 1 | $0 |
Mark Caffarey Secretary | Officer | 1 | $0 |
Laurence Drummond Executive Director | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $77,013 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,740 |
| Total Program Service Revenue | $373,171 |
| Investment income | $11,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,930 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $589,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,661 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,751 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $12,885 |
| Depreciation, depletion, and amortization | $1,776 |
| Insurance | $0 |
| All other expenses | $1,305 |
| Total functional expenses | $509,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,969 |
| Savings and temporary cash investments | $143,398 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $907,760 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,778 |
| Total assets | $1,141,905 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $715,916 |
| Net assets with donor restrictions | $425,989 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,141,905 |
Endowment Analysis
| Beg. Balance | $372,220 |
| Earnings | $55,442 |
| Net Contributions | $4,000 |
| Other Expense | $5,673 |
| Ending Balance | $425,989 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Information System Security Certification Consortium Clearwater, FL | $115,725,304 | $70,448,515 |
Institute Of Industrial And Systems Engineers Inc Norcross, GA | $4,759,560 | $4,186,288 |
Association For Institutional Research Tallahassee, FL | $4,169,384 | $3,399,261 |
Society Of Environmental Toxicology And Chemistry Of North America Inc Pensacola, FL | $2,035,820 | $1,483,548 |
Mote Marine Foundation Inc Sarasota, FL | $21,207,644 | $1,476,799 |
International Precious Metals Educational & Scientific Foundatio Pensacola, FL | $1,141,905 | $589,640 |
Tampa Bay Technology Forum Inc Tampa, FL | $702,445 | $478,253 |
Gathering 4 Gardner Inc Atlanta, GA | $197,937 | $0 |
Society Of American Military Engineers Jacksonville, FL | $1,067,855 | $90,048 |
The Biotechnology Association Of Alabama Normal, AL | $216,650 | $0 |
Cuban-American Association Of Civil Engineers Inc Miami, FL | $171,777 | $0 |
Georgia Society Of Professional Engineers Atlanta, GA | $75,411 | $0 |