Fps-The International Organization For Fluid Pwr & Motion Cont Prof
- Assets
- $1.4m
- Revenue
- $787.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Cherry Hill, NJ
- Founding
- 03/1982
- Data as of
- 12/2021
- EIN
- 39-0983675
Organization Overview
Fps-The International Organization For Fluid Pwr & Motion Cont Prof is located in Cherry Hill, NJ. The organization was established in 1982. 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. As of 12/2021, Fps-The International Organization For Fluid Pwr & Motion Cont Prof employed 8 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Fps-The International Organization For Fluid Pwr & Motion Cont Prof 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, Fps-The International Organization For Fluid Pwr & Motion Cont Prof generated $787.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $854.1k during the year ending 12/2021. 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
PROVIDE MEMBERSHIP IN AN ORGANIZATION WHOSE PURPOSE IS TO FURTHER THE TECHNOLOGY PERTAINING TO FLUID POWER AND MOTION CONTROL, AND TO ADVANCE THE PROFESSIONALISM OF THOSE WORKING IN THE FLUID POWER FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFICATION PROGRAMS: TO PROVIDE MULTIPLE LEVELS OF CERTIFICATION TO INDIVIDUALS IN THE FLUID POWER INDUSTRY BOARDS PROGRAM.
EDUCATION PROGRAM: TO PROVIDE REVIEW TRAINING AND INSTRUCTOR CERTIFICATION TO COMPLEMENT THE FLUID POWER CERTIFICATION BOARDS PROGRAM.
MEMBERSHIP GROWTH AND BENEFIT PROGRAMS: TO IMPROVE MEMBERS' KNOWLEDGE OF FLUID POWER AND MOTION CONTROL TECH., ADVANCE CAREERS THROUGH NETWORKING WITH OTHER PROFESSIONALS, ENHANCE MANAGEMENT SKILLS THROUGH LEADERSHIP ROLES IN LOCAL CHAPTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Blansett Technical Di | 40 | $102,588 | |
Donna Pollander Executive Di | Trustee | 40 | $100,370 |
Jeffrey Kenney Past Preside | OfficerTrustee | 1 | $0 |
Denis Poirier Jr Vice Preside | OfficerTrustee | 1 | $0 |
Rocky Phoenix President | OfficerTrustee | 1 | $0 |
Jeff Hodges Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| 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 | $60,000 |
| Total Program Service Revenue | $689,385 |
| Investment income | $21,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,163 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $787,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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 | $420,164 |
| Pension plan accruals and contributions | $10,291 |
| Other employee benefits | $7,336 |
| Payroll taxes | $36,829 |
| 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 | $7,314 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $27,775 |
| Information technology | $5,205 |
| Royalties | $0 |
| Occupancy | $43,327 |
| 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 | $67,266 |
| Insurance | $5,575 |
| All other expenses | $38,803 |
| Total functional expenses | $854,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,695 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,080 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,023 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,190,278 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $151,718 |
| Other assets | $15,929 |
| Total assets | $1,385,723 |
| Accounts payable and accrued expenses | $44,580 |
| Grants payable | $0 |
| Deferred revenue | $289,869 |
| 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 | $334,449 |
| Net assets without donor restrictions | $1,051,274 |
| 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 | $1,385,723 |
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