Istec Inc
- Assets
- $90.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 09/2000
- Data as of
- 12/2021
- EIN
- 85-0461928
Organization Overview
Istec Inc is located in Albuquerque, NM. The organization was established in 2000. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, 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. Istec Inc 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, Istec Inc generated $38.9k 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 (7.3%) each year. All expenses for the organization totaled $25.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Areany Rodriguez Treasurer | 2 | $6,000 | |
Dr Wilfrido Moreno Director & Board Chairman | 1 | $0 | |
Prof Marisa DE Giusti Director & President | 1 | $0 | |
Dr Marcelo Vera Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $38,850 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2 |
| Total Revenue | $38,852 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,000 |
| Professional fees and other payments to independent contractors | $16,400 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,250 |
| Total expenses | $25,650 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,578 |
| Other assets | $0 |
| Total assets | $90,829 |
| Total liabilities | $9,980 |
| Net assets or fund balances | $80,849 |
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