International Titanium Association
- Assets
- $2.0m
- Revenue
- $584.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Thornton, CO
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 31-1092931
Organization Overview
International Titanium Association is located in Thornton, CO. The organization was established in 1985. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, International Titanium Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Titanium Association 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 Titanium Association generated $584.6k 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 (17.6%) each year. All expenses for the organization totaled $595.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.0%) 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
PROMOTE COMMON BUSINESS INTERESTS OF THOSE ENGAGED IN THE TITANIUM INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITA HOLDS AN ANNUAL CONFERENCE, SEVERAL EDUCATIONAL WORKSHOPS AND SEMINARS, AND REPRESENTS THE INDUSTRY AT VARIOUS TRADE SHOWS WHILE PROVIDING TECHNICAL ASSISTANCE AND MATERIALS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Simpson Executive Director | Officer | 40 | $305,995 |
Markus Holz Vice President | OfficerTrustee | 1 | $0 |
Martin Pike Treasurer/secretary | OfficerTrustee | 1 | $0 |
Frank Perryman President | OfficerTrustee | 1 | $0 |
Michael Marucci Director | Trustee | 1 | $0 |
John Scherzer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,832 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,832 |
| Total Program Service Revenue | $502,351 |
| Investment income | $14,181 |
| 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 | $584,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $277,245 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,500 |
| Pension plan accruals and contributions | $16,725 |
| Other employee benefits | $20,986 |
| Payroll taxes | $13,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,505 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,333 |
| Advertising and promotion | $0 |
| Office expenses | $1,911 |
| Information technology | $18,311 |
| Royalties | $0 |
| Occupancy | $2,835 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,062 |
| Insurance | $85 |
| All other expenses | $14,649 |
| Total functional expenses | $595,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,070,050 |
| Savings and temporary cash investments | $119,239 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,662 |
| 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 | $451,833 |
| Net Land, buildings, and equipment | $5,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $350,796 |
| Total assets | $2,012,716 |
| Accounts payable and accrued expenses | $7,626 |
| Grants payable | $0 |
| Deferred revenue | $568,181 |
| 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 | $575,807 |
| Net assets without donor restrictions | $1,436,909 |
| 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 | $2,012,716 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ja Worldwide Colorado Springs, CO | $6,896,881 | $8,557,870 |
Friendship Bridge Lakewood, CO | $14,023,690 | $6,881,419 |
International Union Of Elevator Sheridan, CO | $3,752,392 | $1,844,155 |
Fcop International Fort Morgan, CO | $54,420 | $1,291,297 |
International Association Of Fire Fighters Local 858 Denver Denver, CO | $1,619,573 | $1,325,241 |
International Association Of Plastics Distributors 11-01-91 Overland Park, KS | $3,426,302 | $1,754,734 |
International Union Of Elevator Constructors Phoenix, AZ | $2,024,807 | $1,154,353 |
Icom International Communications Agency Network Inc Nederland, CO | $284,205 | $617,648 |
International Association Of Bridge Structural & Ornamental Iron Wrker Oklahoma City, OK | $1,272,199 | $511,929 |
International Titanium Association Thornton, CO | $2,012,716 | $584,621 |
International Union Of Elevator Constructors Salt Lake City, UT | $1,856,845 | $766,756 |
Assoc Of Collegiate Conference And Events Directors-International Fort Collins, CO | $828,219 | $533,562 |