International Electronics Manufacturing Initiative Inc
- Assets
- $2.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Morrisville, NC
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 54-1789464
Organization Overview
International Electronics Manufacturing Initiative Inc is located in Morrisville, NC. The organization was established in 1996. 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. As of 12/2021, International Electronics Manufacturing Initiative Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Electronics Manufacturing Initiative 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 Electronics Manufacturing Initiative Inc generated $1.7m 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 (3.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) 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
THE PREMIER COLLABORATION FORUM TO FORECAST AND ACCELERATE IMPROVEMENTS IN THE ELECTRONICS MANUFACTURING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INEMI MANAGED 23 COLLABORATIVE INDUSTRY PROJECTS THROUGHOUT THE YEAR, WITH 7 PROJECTS FINISHING IN 2021 AND 8 NEW ONES STARTING DURING 2021. INEMI PARTICIPATED IN 15 WORLDWIDE EVENTS/CONFERENCES IN 2021 WITH WORKSHOPS, 4 INEMI HOSTED SESSIONS AND 32 CONTRIBUTED PRESENTATIONS, AND 41 TECHNICAL WEBINARS. AT THE END OF THE 2021 INEMI HAD 88 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Marc Benowitz Ceo/executive Director | Trustee | 40 | $192,159 |
Grace O'malley Vice President Of Technical And Project Operations | OfficerTrustee | 40 | $130,083 |
Shekhar Chandrashekhar Ceo/executive Director | OfficerTrustee | 40 | $125,303 |
Mostafa Aghazadeh Director | Trustee | 1 | $0 |
Dr Ravi Bhatkal Director | Trustee | 1 | $0 |
Dr Jean-Luc Pelissier Director | Trustee | 1 | $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 | $1,660,507 |
| Investment income | $50,155 |
| 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 | $1,713,662 |
| 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. | $511,613 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,024 |
| Pension plan accruals and contributions | $1,116 |
| Other employee benefits | $17,323 |
| Payroll taxes | $83,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,620 |
| Fees for services: Accounting | $41,079 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $395,731 |
| Advertising and promotion | $0 |
| Office expenses | $13,049 |
| Information technology | $37,279 |
| Royalties | $0 |
| Occupancy | $32,220 |
| Travel | $1,119 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,971 |
| Insurance | $5,655 |
| All other expenses | $0 |
| Total functional expenses | $1,471,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,067 |
| Savings and temporary cash investments | $1,600,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,966 |
| 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 | $5,688 |
| Net Land, buildings, and equipment | $7,557 |
| Investments—publicly traded securities | $485,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $590,642 |
| Total assets | $2,922,614 |
| Accounts payable and accrued expenses | $174,369 |
| Grants payable | $0 |
| Deferred revenue | $364,074 |
| 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 | $530,456 |
| Total liabilities | $1,068,899 |
| Net assets without donor restrictions | $1,853,715 |
| 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 | $2,922,614 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Pharmaceutical Industry Labor Management Association Alexandria, VA | $483,613 | $14,704,562 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |