Iprex
- Assets
- $202.6k
- Revenue
- $319.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 25-1623603
Organization Overview
Iprex is located in Pittsburgh, PA. The organization was established in 2001. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, 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. Iprex 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 12/2021, Iprex generated $319.7k 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 (4.0%) each year. All expenses for the organization totaled $285.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IPREX PROVIDES FOR THE EXCHANGE OF IDEAS, INFORMATION AND TRAINING AMONG ITS MEMBERS AND PROMOTES THE PUBLIC RELATIONS INDUSTRY ON A WORLD-WIDE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IPREX PROVIDES FOR THE EXCHANGE OF IDEAS, INFORMATION AND TRAINING AMONG ITS MEMBERS AND PROMOTES THE PUBLIC RELATIONS INDUSTRY ON A WORLD-WIDE BASIS. THIS EXCHANGE IS CONDUCTED THROUGH THE PARTNER HOTLINE, THE ONLINE RESOURCE CENTER, REGULAR WEBINARS, CASE STUDY PRESENTATIONS, BENCHMARKING STUDIES AND AT MEETINGS, WORKSHOPS AND BOOT-CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Mayhew Executive Director | Trustee | 30 | $83,979 |
Alaina Gjertsen Americas Director | Trustee | 20 | $49,495 |
Kevin Phillips Americas President | Officer | 5 | $0 |
Karen Johnson Treasurer | Officer | 5 | $0 |
Xavier Prabhu Apac President | Officer | 5 | $0 |
Julie Exner President | Officer | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $314,845 |
| Investment income | $46 |
| 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 | $319,711 |
| 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 | $2,318 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $227,554 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,858 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $35,093 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217 |
| Insurance | $2,803 |
| All other expenses | $0 |
| Total functional expenses | $285,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,213 |
| Savings and temporary cash investments | $192,391 |
| 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 |
| Net Land, buildings, and equipment | $325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,651 |
| Total assets | $202,580 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $74,250 |
| 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 | $0 |
| Total liabilities | $74,250 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $31 |
| Paid-in or capital surplus, or land, building, or equipment fund | $6,285 |
| Retained earnings, endowment, accumulated income, or other funds | $122,014 |
| Total liabilities and net assets/fund balances | $202,580 |
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