International Institute Of Forecasters
- Assets
- $609.1k
- Revenue
- $305.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, MA
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 22-3037274
Organization Overview
International Institute Of Forecasters is located in Medford, MA. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Institute Of Forecasters is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, International Institute Of Forecasters generated $305.8k 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 (3.5%) each year. All expenses for the organization totaled $276.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PREEMINENT ORGANIZATION FOR SCHOLARS AND PRACTITIONERS IN THE FIELD OF FORECASTING. THE ORGANIZATION IS DEDICATED TO STIMULATING THE GENERATION, DISTRIBUTION AND USE OF KNOWLEDGE IN FORECASTING IN A WIDE RANGE OF FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES EDUCATION TO FORECASTERS THROUGH VARIOUS EVENTS AND RESOURCES; ANNUAL INTERNATIONAL SYMPOSIUM ON FORECASTING, QUARTERLY INTERNATIONAL JOURNAL OF FORECASTING, QUARTERLY FORESIGHT: THE INTERNATIONAL JOURNAL OF APPLIED FORECASTING, BI-MONTHLY ORACLE OF THE IIF NEWSLETTER, AND A WEB SITE, FORECASTERS.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Len Tashman Editor-In-Chief | Trustee | 20 | $30,000 |
George Athanasopoulos Director - President | OfficerTrustee | 5 | $0 |
Fernando Cyrino Director - Secretary | OfficerTrustee | 1 | $0 |
Michael Gilliland Director - Treasurer | OfficerTrustee | 5 | $0 |
Pilar Poncela Director | Trustee | 1 | $0 |
Aris Syntetos Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $83,984 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,219 |
| Total Program Service Revenue | $189,791 |
| Investment income | $802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,812 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $6,040 |
| Grants and other assistance to Foreign Orgs/Individuals | $9,755 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| 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 | $60,430 |
| Fees for services: Legal | $260 |
| Fees for services: Accounting | $1,964 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,002 |
| Office expenses | $7,423 |
| Information technology | $5,582 |
| 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 | $25,369 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $25,250 |
| Total functional expenses | $276,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,973 |
| Savings and temporary cash investments | $590,159 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $609,132 |
| 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 | $609,132 |
| Net assets with donor restrictions | $0 |
| 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 | $609,132 |
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|---|---|---|
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Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
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International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
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Key Human Services Inc Wethersfield, CT | $14,644,434 | $25,649,507 |
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