Institute For Truck Transportation Management
- Assets
- $3.4m
- Revenue
- $572.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 05/1991
- Data as of
- 09/2022
- EIN
- 54-1566889
Organization Overview
Institute For Truck Transportation Management is located in Arlington, VA. The organization was established in 1991. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., 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. Institute For Truck Transportation Management 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 09/2022, Institute For Truck Transportation Management generated $572.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $238.6k during the year ending 09/2022. While expenses have increased by 1.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CONTINUING EDUCATION AND CERTIFICATION SERVICES FOR PRIVATE FLEET PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE FLEET MANAGEMENT INSTITUTE:THE ANNUAL PRIVATE FLEET MANAGEMENT INSTITUTE IS A FIVE-DAY INTENSIVE EDUCATIONAL PROGRAM OFFERING COURSES ON FLEET FINANCE, OPERATIONS, LEGAL, REGULATORY AND SAFETY COMPLIANCE, HUMAN RESOURCES, MAINTENANCE AND EQUIPMENT. APPROXIMATELY 100 INDIVIDUALS PARTICIPATE IN THIS PROGRAM ANNUALLY.
CERTIFICATION PROGRAM PROMOTION:THE CERTIFIED TRANSPORTATION PROFESSIONALS (CTP) PROGRAM RECOGNIZES PRIVATE FLEET PROFESSIONALS. SOME 70 NEW INDIVIDUALS EARN THEIR CTP CERTIFICATION EACH YEAR. SINCE THE INCEPTION OF THE PROGRAM IN 1993, OVER 1,500 INDIVIDUALS HAVE EARNED CTP CERTIFICATION; 758 INDIVIDUALS HOLD ACTIVE CERTIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane Woods Chair | OfficerTrustee | 1 | $0 |
Gary Petty President & CEO | OfficerTrustee | 5 | $0 |
George Mundell Executive Vice President & COO | Officer | 5 | $0 |
Thomas Moore Executive Vice President | Officer | 5 | $0 |
Doug Adamson Director | Trustee | 1 | $0 |
Brian Antonelli Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $275,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,000 |
| Total Program Service Revenue | $297,660 |
| Investment income | $0 |
| 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 | $572,660 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,240 |
| Advertising and promotion | $2,645 |
| Office expenses | $197 |
| 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 | $96,032 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $125,507 |
| Total functional expenses | $238,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,173 |
| Savings and temporary cash investments | $0 |
| 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 | $21,595 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,306,621 |
| Total assets | $3,422,389 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $32,485 |
| 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 | $32,485 |
| Net assets without donor restrictions | $3,389,904 |
| 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 | $3,422,389 |
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