Intelligent Manufacturing Systems Inc
- Assets
- $14.0k
- Revenue
- $59.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Tallahassee, FL
- Founding
- 03/2014
- Data as of
- 12/2020
- EIN
- 45-4865642
Organization Overview
Intelligent Manufacturing Systems Inc is located in Tallahassee, FL. The organization was established in 2014. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Intelligent Manufacturing Systems 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 12/2020, Intelligent Manufacturing Systems Inc generated $59.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (34.5%) each year. All expenses for the organization totaled $62.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (31.0%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
IMS IS AN INDUSTRY-LED, INTERNATIONAL BUSINESS INNOVATION AND RESEARCH AND DEVELOPMENT (R&D) PROGRAM ESTABLISHED TO DEVELOP THE NEXT GENERATION OF MANUFACTURING AND PROCESSING TECHNOLOGIES THROUGH MULTI-LATERAL COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMS OFFERS INTERNATIONAL CONSORTIUM BUILDING AND COACHING SERVICES PROVIDED AT NO CHARGE TO RESEARCHERS FROM MEMBER COUNTRIES, A LISTING OF PROJECTS SEEKING PARTNERS, AND A PROJECT DATABASE WITH VALUABLE RESEARCH INFORMATION.
IMS IS A SPONSOR OF THE WORLD MANUFACTURING FORUM WHERE HIGH-LEVEL GOVERNMENT OFFICIALS AND INDUSTRY EXECUTIVES DISCUSS ISSUES AND SOLUTIONS TO CHALLENGES IN MANUFACTURING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Harris Chairperson | Officer | 1 | $0 |
Daniel Nagy Former Managing Director | Officer | 40 | $0 |
Robert E Mansfield Jr Managing Director | Officer | 10 | $0 |
Atul Kelkar Director | Trustee | 2 | $0 |
Jack Todd Director | Trustee | 2 | $0 |
Rebecca Taylor Director | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $58,253 |
| 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 | $59,041 |
| 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. | $1,991 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| 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 | $6,034 |
| Information technology | $16,556 |
| Royalties | $0 |
| Occupancy | $2,850 |
| Travel | $1,171 |
| 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 | $0 |
| Insurance | $3,085 |
| All other expenses | $693 |
| Total functional expenses | $62,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,951 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,951 |
| 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 | $7,500 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,500 |
| Net assets without donor restrictions | $6,451 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,951 |
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Carpet & Rug Institute Inc Dalton, GA | $7,916,112 | $6,354,333 |