Institute For Building Technology And Safety
- Assets
- $33.1m
- Revenue
- $39.1m
- Investments
- $0.0
- Employees
- 177
- Location
- Ashburn, VA
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 54-1963889
Organization Overview
Institute For Building Technology And Safety is located in Ashburn, VA. The organization was established in 1999. According to its NTEE Classification (W90) the organization is classified as: Consumer Protection, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Institute For Building Technology And Safety employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Building Technology And Safety 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 06/2022, Institute For Building Technology And Safety generated $39.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $32.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DELIVER QUALITY SERVICES TO ENHANCE PUBLIC SAFETY, ECONOMIC DEV. AND COMMUNITY WELFARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IBTS PROVIDES SOLUTIONS TO ASSIST MUNICIPALITIES, STATES AND FEDERAL GOVERNMENTS, WITH EFFICIENT SERVICE DELIVERY THROUGH PUBLIC-NON-PROFIT PARTNERSHIPS, OFFERING THE FOLLOWING SERVICES: BUILDING DEPARTMENT, FLOOD PLAIN, STORMWATER, PLANNING DEPARTMENT, MUNICIPAL, CDBG, RESILIENCY, DISASTER/EMERGENCY MANAGEMENT, AND ENERGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria A Reinhardt Chair | OfficerTrustee | 1 | $0 |
Ashok Goswami Ceo/ Vice Chairman | OfficerTrustee | 40 | $593,626 |
Brenda Bergeron Board Member | Trustee | 1 | $0 |
Krista Lillis Board Member | Trustee | 1 | $0 |
Noel Bernal Board Member | Trustee | 1 | $0 |
Od Harris Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jcm Enterprises Llc Project Management Services | 6/29/22 | $586,528 |
Central Construction Services Engineering Services | 6/29/22 | $527,683 |
Sustainablist Llc Project Management Services | 6/29/22 | $572,239 |
Data Analysis Security And Solutions Ll Verification Services | 6/29/22 | $500,000 |
Municipal Testing Construction Inspection And Testing Serv | 6/29/22 | $469,778 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,301,765 |
| 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 | $1,301,765 |
| Total Program Service Revenue | $37,454,161 |
| Investment income | $150,448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | $107,213 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,068,286 |
| 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. | $1,316,308 |
| Compensation of current officers, directors, key employees. | $1,265,317 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,366,393 |
| Pension plan accruals and contributions | $530,723 |
| Other employee benefits | $4,230,284 |
| Payroll taxes | $927,805 |
| Fees for services: Management | $6,029,896 |
| Fees for services: Legal | $79,531 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,944 |
| Fees for services: Other | $215,714 |
| Advertising and promotion | $744,745 |
| Office expenses | $551,953 |
| Information technology | $591,434 |
| Royalties | $3,183,105 |
| Occupancy | $518,188 |
| Travel | $784,741 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,387 |
| Interest | $182,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,200,643 |
| Insurance | $450,554 |
| All other expenses | $474,518 |
| Total functional expenses | $32,613,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,678,643 |
| Savings and temporary cash investments | $8,946 |
| Pledges and grants receivable | $1,140,608 |
| Accounts receivable, net | $7,961,735 |
| 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 | $680,788 |
| Net Land, buildings, and equipment | $8,155,790 |
| Investments—publicly traded securities | $12,371,067 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $70,786 |
| Other assets | $1,066,300 |
| Total assets | $33,134,663 |
| Accounts payable and accrued expenses | $1,777,650 |
| 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 | $3,648,965 |
| Secured mortgages and notes payable | $3,599,594 |
| Unsecured mortgages and notes payable | $53,963 |
| Other liabilities | $3,305,180 |
| Total liabilities | $12,385,352 |
| Net assets without donor restrictions | $20,749,311 |
| 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 | $33,134,663 |
Grants Awarded
Over the last fiscal year, Institute For Building Technology And Safety has awarded $25,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS COUNTY FAMILY YMCA PURPOSE: GUYMON - YMCA STRONG SUPPORTOR OF IBTS CS AT COUNCIL.GUYMON - YMCA STRONG SUPPORTOR OF IBTS CS AT COUNCIL | $5,000 |
HEB PURPOSE: GALVESTON COUNTY JUDGE HENRY HOLIDAY MEALS | $5,000 |
GUYMON COMMUNITY ENRICHMENT PURPOSE: FIRE DEPARTMENT GUYMON ANNUAL FIREMANS BALL | $5,000 |
OKLAHOMA MUNICIPAL LEAGUE PURPOSE: PARTNERSHIP PAYMENT | $10,000 |