Inter-Industry Economic Research Fund Inc
- Assets
- $379.0k
- Revenue
- $657.4k
- Investments
- $0.0
- Employees
- 7
- Location
- College Park, MD
- Founding
- 01/1972
- Data as of
- 06/2022
- EIN
- 52-0907015
Organization Overview
Inter-Industry Economic Research Fund Inc is located in College Park, MD. The organization was established in 1972. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 06/2022, Inter-Industry Economic Research Fund Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inter-Industry Economic Research Fund 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 06/2022, Inter-Industry Economic Research Fund Inc generated $657.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $717.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES ECONOMIC RESEARCH AND ANALYSIS USING AND DEVELOPING INTERINDUSTRY AND OTHER ECONOMIC MODELING TOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS- UNIVERSITY OF MARYLAND, DEPARTMENT OF ECONOMICS/INFORUM, COLLEGE PARK, MD 20742
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Meade President | OfficerTrustee | 40 | $161,238 |
R Horst Secretary | OfficerTrustee | 35 | $127,079 |
P Bowden Treasurer | OfficerTrustee | 25 | $70,381 |
D Nyhus Chairman | Trustee | 0 | $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 | $657,201 |
| Investment income | $201 |
| 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 | $657,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,560 |
| 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 | $313,403 |
| Other salaries and wages | $159,181 |
| Pension plan accruals and contributions | $59,865 |
| Other employee benefits | $1,261 |
| Payroll taxes | $41,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $180 |
| Office expenses | $3,513 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,882 |
| Travel | $567 |
| 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 | $8,271 |
| Insurance | $8,977 |
| All other expenses | $417 |
| Total functional expenses | $717,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,585 |
| Savings and temporary cash investments | $219,164 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,396 |
| 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 | $3,848 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $378,993 |
| Accounts payable and accrued expenses | $14,024 |
| 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 | $14,024 |
| Net assets without donor restrictions | $0 |
| 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 | $364,969 |
| Total liabilities and net assets/fund balances | $378,993 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Inter-Industry Economic Research Fund Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcelerate Biopharma Inc West Conshohocken, PA | $50,373,384 | $31,090,660 |
International Copper Association Ltd Mclean, VA | $20,364,704 | $33,951,443 |
Rural Community Assistance Partnership Incorporated Washington, DC | $4,913,475 | $23,953,465 |
Lankenau Institute For Medical Research Wynnewood, PA | $8,021,343 | $9,109,367 |
Institute For Humane Studies Arlington, VA | $19,221,469 | $20,882,389 |
Medical Device Innovation Consortium Arlington, VA | $8,765,414 | $16,908,156 |
Coalition Of Cancer Cooperative Groups Philadelphia, PA | $21,235,863 | $14,701,631 |
Council Of Independent Colleges Washington, DC | $74,304,856 | $12,399,028 |
University Of Maryland Family Medicine Associates Pa Baltimore, MD | $1,189,573 | $10,954,092 |
Friedreichs Ataxia Research Alliance Fara Springfield, VA | $7,478,784 | $7,717,778 |
National Disease Research Interchange Philadelphia, PA | $6,059,781 | $7,072,153 |
Council Of The Great City Schools Washington, DC | $15,898,076 | $7,382,134 |