Innovative Pavement Research Foundation
- Assets
- $354.0k
- Revenue
- $109.3k
- Investments
- $135.0k
- Employees
- 0
- Location
- Rosemont, IL
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 36-4198240
Organization Overview
Innovative Pavement Research Foundation is located in Rosemont, IL. The organization was established in 1999. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Innovative Pavement Research Foundation 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, Innovative Pavement Research Foundation generated $109.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $62.8k during the year ending 12/2021. While expenses have increased by 9.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE RESEARCH AND EDUCATION IN CONCRETE PAVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH AND EDUCATION IN CONCRETE PAVING
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Voigt President/chair | OfficerTrustee | 4 | $0 |
Andrew Gieraltowski Secretary/treasurer | OfficerTrustee | 4 | $0 |
Martin Holt Director | Trustee | 2 | $0 |
Mike Lipps Vice Chairman | Trustee | 2 | $0 |
Chuck Niederriter COO | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,984 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,871 |
| Noncash contributions included in lines 1a–1f | $5,984 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,855 |
| Total Program Service Revenue | $0 |
| Investment income | $2,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $871 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,320 |
| 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. | $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 | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,875 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,717 |
| All other expenses | $0 |
| Total functional expenses | $62,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,365 |
| Savings and temporary cash investments | $663 |
| 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 | $922 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $135,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $353,950 |
| 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 | $240,774 |
| Net assets with donor restrictions | $113,176 |
| 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 | $353,950 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Innovative Pavement Research Foundation has recieved totaling $13,720.
| Awarding Organization | Amount |
|---|---|
American Concrete Pavement Association Rosemont, IL PURPOSE: FURTHER PAVEMENT RESEARCH | $6,860 |
American Concrete Pavement Association Rosemont, IL PURPOSE: FURTHER PAVEMENT RESEARCH | $6,860 |
Endowment Analysis
| Beg. Balance | $80,974 |
| Ending Balance | $80,974 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North American Council For Freight Efficiency Fort Wayne, IN | $945,729 | $1,448,155 |
Ethos Inc Elkhart, IN | $7,597,037 | $1,049,008 |
Metropolitan Unified Fiber Network Consortium Madison, WI | $1,464,123 | $855,539 |
Predicted Reported And Observed Outcomes Foundation Saint Louis, MO | $0 | $250,000 |
Institute For Innovation Inc South Bend, IN | $300,459 | $137 |
Innovative Pavement Research Foundation Rosemont, IL | $353,950 | $109,320 |
Concrete Nanotechnology And Nanoscience Society Milwaukee, WI | $21,033 | $0 |
Clinical Research Institute Lisle, IL | $1,160 | $0 |