International Association Of Color Manufacturers Inc
- Assets
- $651.7k
- Revenue
- $365.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1978
- Data as of
- 12/2021
- EIN
- 52-1070715
Organization Overview
International Association Of Color Manufacturers Inc is located in Washington, DC. The organization was established in 1978. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Association Of Color Manufacturers 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 12/2021, International Association Of Color Manufacturers Inc generated $365.2k 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 (7.0%) each year. All expenses for the organization totaled $331.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) 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
TO ADVANCE THE INTERESTS OF MANUFACTURERS, PRODUCERS, AND USERS IN THE COLOR INDUSTRY BY DEMONSTRATING THE SAFETY OF COLORS AND PROMOTING THE INDUSTRY'S ECONOMIC GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC AND COLOR STUDIES: IACM CONDUCTS STUDIES IN RESPONSE TO REGULATORY AUTHORITY REQUESTS FOR DATA TO SUPPORT COLORS AND ALSO PREPARE DOSSIERS IN SUPPORT OF THE REVIEW AND APPROVAL OF NEW COLORS AS SAFE BY KEY GLOBAL AUTHORITIES.
REGULATORY AND COMMUNICATIONS: IACM CONTINUES TO ATTEND THE CODEX COMMITTEE ON FOOD ADDITIVES MEETING AND SPENDS SIGNIFICANT TIME THROUGHOUT THE YEAR COLLECTING INFORMATION TO SUPPORT THE SAFE USE OF COLORS GLOBALLY FOR CONSIDERATION AND ADOPTION AT EACH YEAR'S MEETING.
MEMBERSHIP AND MEETINGS: IACM HOSTS EVENTS FEATURING EXPERT SPEAKERS ON A VARIETY OF TOPICS IMPACTING THE COLOR INDUSTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Gruber President | OfficerTrustee | 4 | $0 |
Doug Williams Vice President | OfficerTrustee | 2 | $0 |
Sue Ann Mcavoy Secretary/treasurer | OfficerTrustee | 2 | $0 |
Tom Farrell Director | Trustee | 2 | $0 |
Tammi Higgins Director | Trustee | 2 | $0 |
Rohit Tibrewala Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Verto Solutions Llc Management | 12/30/16 | $296,317 |
Bioreliance Corporation Lab Fees/research | 12/30/16 | $119,040 |
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 | $365,125 |
| Investment income | $35 |
| 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 | $365,160 |
| 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 | $279,266 |
| Fees for services: Legal | $25,650 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,697 |
| Information technology | $1,343 |
| 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 | $3,360 |
| Insurance | $1,502 |
| All other expenses | $0 |
| Total functional expenses | $331,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,067 |
| Savings and temporary cash investments | $216,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,464 |
| 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 | $255 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,828 |
| Other assets | $0 |
| Total assets | $651,662 |
| Accounts payable and accrued expenses | $54,609 |
| Grants payable | $0 |
| Deferred revenue | $390,129 |
| 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 | $444,738 |
| Net assets without donor restrictions | $206,924 |
| 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 | $651,662 |
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