International Federation Of Professional & Technical Engineers
- Assets
- $755.1k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Milltown, NJ
- Founding
- 10/1944
- Data as of
- 06/2022
- EIN
- 22-6063003
Organization Overview
International Federation Of Professional & Technical Engineers is located in Milltown, NJ. The organization was established in 1944. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2022, International Federation Of Professional & Technical Engineers employed 15 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Federation Of Professional & Technical Engineers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, International Federation Of Professional & Technical Engineers generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 8 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
UNION LOCAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEGOTIATIONS AND ENFORCEMENT OF COLLECTIVE BARGAINING AGREEMENTS WITH EMPLOYERS COVERING WAGES, HOURS AND WORKING CONDITIONS OF EMPLOYEES. APPROXIMATELY 5800 PEOPLE BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Newsome Vice President | Officer | 40 | $137,363 |
Lisa Ciccone Business Representative | 40 | $120,841 | |
Deborah Spencer Secretary | Officer | 40 | $115,828 |
Steven Pinto Trustee | Officer | 40 | $98,116 |
Timothy Rudolph Past President | Officer | 40 | $76,487 |
Francisca Biempica Treasurer | Officer | 0 | $1,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,025 |
| Investment income | $34 |
| 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 | $1,780,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $217,984 |
| Compensation of current officers, directors, key employees. | $549,985 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,020 |
| Pension plan accruals and contributions | $6,855 |
| Other employee benefits | $0 |
| Payroll taxes | $53,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $87,244 |
| Fees for services: Accounting | $12,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $0 |
| Office expenses | $21,872 |
| Information technology | $23,249 |
| Royalties | $0 |
| Occupancy | $50,916 |
| Travel | $27,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,707 |
| Interest | $4,058 |
| Payments to affiliates | $415,877 |
| Depreciation, depletion, and amortization | $39,200 |
| Insurance | $18,310 |
| All other expenses | $0 |
| Total functional expenses | $1,811,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,434 |
| Savings and temporary cash investments | $53,557 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $755,107 |
| Accounts payable and accrued expenses | $338,637 |
| 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 | $0 |
| Secured mortgages and notes payable | $45,824 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,413,052 |
| Total liabilities | $1,797,513 |
| Net assets without donor restrictions | -$1,048,707 |
| Net assets with donor restrictions | $6,301 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$1,042,406 |