Lean Product And Process Development Exchange Inc
- Assets
- $60.8k
- Revenue
- $83.8k
- Investments
- $0.0
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 01/2010
- Data as of
- 10/2019
- EIN
- 41-2251298
Organization Overview
Lean Product And Process Development Exchange Inc is located in West Hartford, CT. The organization was established in 2010. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Lean Product And Process Development Exchange Inc 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 10/2019, Lean Product And Process Development Exchange Inc generated $83.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $104.4k during the year ending 10/2019. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE AND FACILITATE EDUCATIONAL CONFERENCES AND NETWORKING FORUMS IN THE INTEREST OF PROMOTING GREATER EFFICIENCY AND PROGRESS IN ENGINEERING, PRODUCT AND SERVICES DEVELOPMENT, MANUFACTURING, EDUCATION, HEALTHCARE, AND OTHER AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED CONFERENCES: GOTHENBURG WORKSHOP JANUARY 2019, MALMO SWEDEN JUNE 2019, JEKYLL ISLAND OCTOBER 2019 GOTHENBURG:WORKSHOP 1: LEAN DRIVEN START-UP INNOVATION WORKSHOP. WORKSHOP 2: NEW PRODUCTS EVERY YEAR - ON TIME AND ON TARGET MALMO: THE CONFERENCE THEME WAS SUCCESS IS ASSURED. THROUGH KEYNOTE SPEAKERS AND CASE STUDY PRESENTATIONS WE CULTIVATED AN ENVIROMENT FOCUSED ON LEARNING, NETWORKING, AND PLANNING. JEKYLL ISLAND: THE CONFERENCE THEME WAS INCREASING THE SPEED OF PRODUCT DEVELOPEMENT. WE DISCUSSED THE CURRENT FEIRCE COMPETITIVE ENVIROMENT.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Melvin Treasurer | Officer | $0 | |
Peter Palmer Board Member | Trustee | $0 | |
Goran Gustafsson Baord Member | Trustee | $0 | |
Suzanne Van Egmond Board Member | Trustee | $0 | |
Duward Sobek Board Member | Trustee | $0 | |
Sannah Vinding Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $83,773 |
| Statement of Expenses | |
|---|---|
| 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 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 | $211 |
| Fees for services: Accounting | $2,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $826 |
| Office expenses | $191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,305 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $104,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,759 |
| Savings and temporary cash investments | $0 |
| 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 | $60,759 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $60,759 |
| 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 |
| Total liabilities and net assets/fund balances | $60,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conference Board Inc New York, NY | $64,541,991 | $72,603,284 |
Securities Industry And Financial Markets Association Inc New York, NY | $42,827,387 | $47,657,181 |
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Southeastern New England Defense Industry Alliance Middletown, RI | $1,374,254 | $9,240,701 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Connstep Inc Hartford, CT | $5,391,864 | $6,270,830 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |
Better Business Bureau Of Metropolitan New York Inc New York, NY | $2,973,168 | $5,685,810 |
Science Park Development Corporation New Haven, CT | $13,300,850 | $3,489,303 |
New York Society Of Security Analysts Inc New York, NY | $12,287,632 | $4,837,133 |