Innovative Pavement Research Foundation
- Assets
- $326.8k
- Revenue
- $131.5k
- Investments
- $56.8k
- Employees
- 0
- Location
- Rosemont, IL
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 36-4198240
Organization Overview
Innovative Pavement Research Foundation is located in Rosemont, IL. The organization was established in 1999. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Innovative Pavement Research Foundation 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 12/2023, Innovative Pavement Research Foundation generated $131.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $138.5k during the year ending 12/2023. While expenses have increased by 17.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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 ADVANCE RESEARCH AND EDUCATION IN CONCRETE PAVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH AND EDUCATION IN CONCRETE PAVING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Holt Director | Trustee | 1 | $0 |
Mike Lipps Vice Chairman | Trustee | 1 | $0 |
Chuck Niederriter Director | Trustee | 1 | $0 |
Andrew Gieraltowski Secretary/treasurer | OfficerTrustee | 2 | $0 |
Laura O'neill President/chair | OfficerTrustee | 2 | $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 | $119,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,420 |
| Total Program Service Revenue | $0 |
| Investment income | $2,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,488 |
| 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. | $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 | $0 |
| Fees for services: Legal | $433 |
| Fees for services: Accounting | $3,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,606 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,384 |
| All other expenses | $0 |
| Total functional expenses | $138,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,091 |
| Savings and temporary cash investments | $25,952 |
| 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 | $1,999 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $56,777 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $326,819 |
| Accounts payable and accrued expenses | $19,788 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,788 |
| Net assets without donor restrictions | $225,235 |
| Net assets with donor restrictions | $81,796 |
| 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 | $326,819 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Biosciences Research Institute Inc Indianapolis, IN | $150,111,240 | $4,463,852 |
Ethos Inc Elkhart, IN | $6,786,662 | $1,324,252 |
North American Council For Freight Efficiency Fort Wayne, IN | $1,303,550 | $1,324,826 |
Metropolitan Unified Fiber Network Consortium Madison, WI | $1,706,552 | $1,055,585 |
Predicted Reported And Observed Outcomes Foundation Saint Louis, MO | $0 | $250,000 |
Web3 Working Group Kansas City, MO | $1,028,165 | $1,200,105 |
Innovative Pavement Research Foundation Rosemont, IL | $326,819 | $131,488 |
Institute For Innovation Inc South Bend, IN | $260,320 | $125,281 |
Concrete Nanotechnology And Nanoscience Society Milwaukee, WI | $21,033 | $0 |
Third Millennium Philosophy Of Science Institute Chicago, IL | $0 | $0 |
Clinical Research Institute Lisle, IL | $1,653 | $0 |