International Federation Of Professional & Technical Engineers
- Assets
- $6.1m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Washington, DC
- Founding
- 10/1944
- Data as of
- 03/2023
- EIN
- 53-0088460
Organization Overview
International Federation Of Professional & Technical Engineers is located in Washington, DC. The organization was established in 1944. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 03/2023, International Federation Of Professional & Technical Engineers employed 15 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. International Federation Of Professional & Technical Engineers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 03/2023, International Federation Of Professional & Technical Engineers generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $5.0m during the year ending 03/2023. 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 REPRESENT THE MEMBERSHIP IN THE COLLECTIVE BARGAINING PROCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
IFPTE WORKS TO IMPROVE THE LIVES AND WORKING CONDITIONS OF THE MEMBERSHIP AND, IN TURN, OUR SOCIETY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan G Henson Secretary/treasurer | Trustee | 40 | $228,133 |
John Mader Vice President | Trustee | 2 | $0 |
Sean Mcbride Vice President | Trustee | 2 | $1,500 |
Joel Funfar Vice President | Trustee | 2 | $1,500 |
Ryan Rule Vice President | Trustee | 2 | $1,500 |
Gerald Newsome Vice President | Trustee | 2 | $1,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Afl-cio Secretary Treasurer Union Dues Pct | 3/30/19 | $394,566 |
The Principal Financial Group Benefits | 3/30/19 | $361,886 |
Afl-cio Health And Welfare Plan Benefits | 3/30/19 | $277,036 |
Communications Workers Of America Rent | 3/30/19 | $208,075 |
Bb&t Bank Credit Card | 3/30/19 | $172,052 |
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 | $5,551,107 |
| Investment income | $26,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$52,607 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,578,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,250 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $576,132 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,987,437 |
| Pension plan accruals and contributions | $170,603 |
| Other employee benefits | $589,007 |
| Payroll taxes | $150,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,964 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,184 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $74,032 |
| Royalties | $0 |
| Occupancy | $206,485 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,050 |
| Interest | $0 |
| Payments to affiliates | $566,918 |
| Depreciation, depletion, and amortization | $11,656 |
| Insurance | $0 |
| All other expenses | $60,059 |
| Total functional expenses | $5,045,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,477,518 |
| 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 | $17,630 |
| Net Land, buildings, and equipment | $90,884 |
| Investments—publicly traded securities | $3,526,813 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,112,845 |
| Accounts payable and accrued expenses | $10,810 |
| 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 | $443,926 |
| Total liabilities | $454,736 |
| Net assets without donor restrictions | $4,215,798 |
| Net assets with donor restrictions | $1,442,311 |
| 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 | $6,112,845 |