Intellectual Property Institute Inc
- Assets
- $40.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Northborough, MA
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 46-4630127
Organization Overview
Intellectual Property Institute Inc is located in Northborough, MA. The organization was established in 2016. 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. Intellectual Property Institute Inc 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 12/2022, Intellectual Property Institute Inc generated $12.0 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 (66.2%) each year. All expenses for the organization totaled $2.4k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
IN FISCAL YEAR 2022, AS RESULT OF THE PANDEMIC, THE INTELLECTUAL PROPERTY INSTITUTE ONLY HELD ONE IN PERSON MEETING AND IT ALSO HELD A NUMBER OF SKILLS DEVELOPMENT AND NETWORKING MEETINGS VIA VIDEOCONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Wheat Vice Chair | 0.5 | $0 | |
Jennifer B Furey Chair | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12 |
| Total Revenue | $12 |
| 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 | $700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,741 |
| Total expenses | $2,441 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,174 |
| Other assets | $0 |
| Total assets | $40,174 |
| Total liabilities | $0 |
| Net assets or fund balances | $40,174 |
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