Industry Standardization For Institutional Trade Communication

Organization Overview

Industry Standardization For Institutional Trade Communication, operating under the name Isitc Inc, is located in Bridgewater, NJ. The organization was established in 1999. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isitc 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, Isitc Inc generated $530.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $611.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PLEASE SEE SCHEDULE O FOR ORGANIZATIONS MISSION AND MOST SIGNIFICANT ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WITH MEMBER FIRMS, ISITC DEVELOPS SKILLS AND ADVANCES SPECIALIZED KNOWLEDGE IN THE INDUSTRY THROUGH EDUCATIONAL CONFERENCES AND FORUMS. MEMBERS NETWORK WITH INDUSTRY PEERS TO GAIN INSIGHT INTO BEST PRACTICE SOLUTIONS TO EMERGING BUSINESS NEEDS. THE ORGANIZATION DISTRIBUTES CURRENT INDUSTRY INFORMATION THROUGH PUBLICATIONS AND ITS WEBSITE.


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Board, Officers & Key Employees

Name (title)Compensation
Kristin Hochstein
Chair
$0
Rich Robinson
Vice Chair
$0
Grace Kang
Second Vice Chair
$0
Charles Mottinger
Treasurer
$0
Ana Lotharius
Secretary
$0
Lisa Iagatta
Immediate Past Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$234,200
Fundraising events$0
Related organizations$0
Government grants $0
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$234,200
Total Program Service Revenue$266,475
Investment income $29,322
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 $529,997

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Industry Standardization For Institutional Trade Communication
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