Industrial Designers Society Of America Inc
- Assets
- $1.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Herndon, VA
- Founding
- 07/1965
- Data as of
- 12/2023
- EIN
- 13-2517431
Organization Overview
Industrial Designers Society Of America Inc is located in Herndon, VA. The organization was established in 1965. 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, Industrial Designers Society Of America Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industrial Designers Society Of America 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, Industrial Designers Society Of America Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. 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
TO PROMOTE THE STUDY AND PRACTICE OF INDUSTRIAL DESIGN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL DESIGN CONFERENCE - THE SOCIETY SERVES APPROXIMATELY 4,000 MEMBERS CONSISTING OF PRACTITIONERS, EDUCATORS, STUDENTS AND OTHERS WITH INTEREST IN INDUSTRIAL DESIGN. EACH YEAR, THE SOCIETY CONDUCTS AN ANNUAL CONFERENCE TO BRING TOGETHER MEMBERS AND NON-MEMBERS TO PROMOTE AND STIMULATE INTEREST IN AND DEMAND FOR THE PRODUCTS AND SERVICES OF THE PROFESSION AND TO EDUCATE INDIVIDUALS REGARDING NEW PRODUCTS AND SERVICES IN INDUSTRIAL DESIGN.
PUBLICATIONS & COMMUNICATION:THE SOCIETY PUBLISHES PROFESSIONAL JOURNALS, NEWSLETTERS, AND OTHER PUBLICATIONS WHICH EDUCATE AND INFORM INDUSTRIAL DESIGNERS ABOUT NEWS RELEVANT TO PRACTITIONERS; AND ADVANCES IN DESIGN TECHNOLOGY.
AWARDS & COMPETITIONS - THE SOCIETY CONDUCTS AN ANNUAL COMPETITION TO SELECT THE BEST-DESIGNED AND MOST INNOVATIVE PRODUCTS OF THE YEAR, AS WELL AS MOST VALUABLE DESIGN STRATEGIES. THERE IS AN ENTRY FEE, BUT CASH PRIZES ARE NOT AWARDED. THE PURPOSE OF THE CONTEST RESULTS ARE TO INFORM AND EDUCATE THE GENERAL PUBLIC ABOUT THE IMPORTANCE THAT INDUSTRIAL DESIGN PLAYS IN EVERYDAY LIFE. THE RESULTS OF THE COMPETITION ARE PUBLICIZED ON THE SOCIETY'S WEB SITE AND IN OTHER MEDIA OUTLETS. THE SOCIETY ALSO PRESENTS SEVERAL AWARDS TO DISTINGUISHED MEMBERS OF IDSA AND/OR INDIVIDUALS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO THE INDUSTRIAL DESIGN PROFESSION.
DEEP DIVES - EACH YEAR THE SOCIETY HOLDS SEVERAL DEEP DIVE EVENTS FOR PROFESSIONALS IN THE DESIGN COMMUNITY TO DELVE DEEPER INTO ISSUES FACING THE INDUSTRIAL DESIGN INDUSTRY. IN 2023 THE SOCIETY HELD TWO VIRTUAL DEEP DIVES AND ONE IN PERSON DEEP DIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Maxwell Chair | OfficerTrustee | 5 | $0 |
Jason Belaire Chair Emeritus | OfficerTrustee | 5 | $0 |
Jorge Paricio Secretary/treasurer | OfficerTrustee | 5 | $0 |
Caterina Rizzoni At-Large Director, Conferences | Trustee | 3 | $0 |
Surya Vanka Chapter Director | Trustee | 3 | $0 |
Stephan Clambaneva Sections Director | Trustee | 3 | $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 | $175,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,376 |
| Total Program Service Revenue | $2,789,161 |
| Investment income | $59,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,737 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,460 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,001,227 |
| 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. | $432,482 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $880,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,765 |
| Payroll taxes | $98,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,790 |
| Fees for services: Accounting | $20,036 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,554 |
| Fees for services: Other | $261,507 |
| Advertising and promotion | $32,915 |
| Office expenses | $532,513 |
| Information technology | $12,010 |
| Royalties | $0 |
| Occupancy | $55,648 |
| Travel | $94,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $463,967 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,071 |
| Insurance | $15,132 |
| All other expenses | $0 |
| Total functional expenses | $3,193,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,144 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,318 |
| Prepaid expenses and deferred charges | $62,736 |
| Net Land, buildings, and equipment | $111,921 |
| Investments—publicly traded securities | $1,098,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $256,506 |
| Total assets | $1,931,682 |
| Accounts payable and accrued expenses | $150,101 |
| Grants payable | $0 |
| Deferred revenue | $207,702 |
| 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 | $104,047 |
| Total liabilities | $461,850 |
| Net assets without donor restrictions | $1,469,832 |
| 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 | $1,931,682 |