Industry Improvement And Advancement Fund is located in Endicott, NY. The organization was established in 2010. 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. Industry Improvement And Advancement Fund 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 12/2023, Industry Improvement And Advancement Fund generated $73.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $66.7k during the year ending 12/2023. While expenses have increased by 7.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE FOR THE PROMOTION AND PROTECTION OF THE INTERESTS OF ITS MEMBERS AND THE PLUMBING, HEATING AND COOLING INDUSTRY, IN ACCORDANCE WITH SECTION 302 OF THE TAFT HARDLEY ACT.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Taylor Trustee | 5 | $0 | |
Keven Phillips Trustee | 5 | $0 | |
Marty Quarella Trustee | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $67,876 |
| Investment income | $8,212 |
| Gain or Loss | -$2,270 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $73,818 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,734 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $66,734 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $256,606 |
| Other assets | $0 |
| Total assets | $256,606 |
| Total liabilities | $0 |
| Net assets or fund balances | $256,606 |