International Electronics Manufacturing Initiative Inc
- Assets
- $3.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Morrisville, NC
- Founding
- 09/1996
- Data as of
- 12/2023
- EIN
- 54-1789464
Organization Overview
International Electronics Manufacturing Initiative Inc is located in Morrisville, NC. The organization was established in 1996. 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 12/2023, International Electronics Manufacturing Initiative Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Electronics Manufacturing Initiative 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 12/2023, International Electronics Manufacturing Initiative Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PREMIER COLLABORATION FORUM TO FORECAST AND ACCELERATE IMPROVEMENTS IN THE ELECTRONICS MANUFACTURING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INEMI MANAGED 23 COLLABORATIVE INDUSTRY PROJECTS THROUGHOUT THE YEAR. DURING 2023 1 PROJECT FINSHED AND 6 NEW ONES STARTED. INEMI PARTICIPATED IN 14 WORLDWIDE EVENTS/CONFERENCES THROUGHOUT 2023 WITH 31 CONTRIBUTED PRESENTATIONS AND 6 INEMI-HOSTED SESSIONS AT THESE EVENTS. IN ADDITION INEMI HOSTED 26 INEMI TECHNICAL WEBINARS ONLINE AND PUBLISHED 8 ARTICLES FOR THE INDUSTRY. AT THE END OF 2023 INEMI HAD 90 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shekhar Chandrashekhar Ceo/executive Director | OfficerTrustee | 40 | $228,115 |
Grace O'malley Vice President Of Technical & Project Operations | OfficerTrustee | 40 | $130,473 |
Mostafa Aghazadeh Chairman | Trustee | 1 | $0 |
Chan Pin Chong Vice Chairman | Trustee | 1 | $0 |
Jennifer Muncy Director | Trustee | 1 | $0 |
Dan Gamota Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,378 |
| 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 | $184,378 |
| Total Program Service Revenue | $1,623,351 |
| Investment income | $70,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,864,839 |
| 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. | $405,559 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $329,258 |
| Pension plan accruals and contributions | $13,918 |
| Other employee benefits | $22,977 |
| Payroll taxes | $78,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,654 |
| Fees for services: Accounting | $45,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $521,114 |
| Advertising and promotion | $0 |
| Office expenses | $7,678 |
| Information technology | $36,763 |
| Royalties | $0 |
| Occupancy | $40,549 |
| Travel | $87,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,038 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,971 |
| Insurance | $5,807 |
| All other expenses | $0 |
| Total functional expenses | $1,661,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $816,654 |
| Savings and temporary cash investments | $1,661,518 |
| Pledges and grants receivable | $17,211 |
| Accounts receivable, net | $35,000 |
| 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 | $19,424 |
| Net Land, buildings, and equipment | $3,615 |
| Investments—publicly traded securities | $454,938 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $339,182 |
| Total assets | $3,347,542 |
| Accounts payable and accrued expenses | $221,373 |
| Grants payable | $0 |
| Deferred revenue | $474,647 |
| 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 | $274,660 |
| Total liabilities | $970,680 |
| Net assets without donor restrictions | $2,376,862 |
| 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 | $3,347,542 |