Industrial Truck Standards Development Foundation Inc
- Assets
- $14.7k
- Revenue
- $156.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 76-0779106
Organization Overview
Industrial Truck Standards Development Foundation Inc is located in Washington, DC. The organization was established in 2006. According to its NTEE Classification (M42) the organization is classified as: Automotive Safety, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industrial Truck Standards Development Foundation 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 12/2022, Industrial Truck Standards Development Foundation Inc generated $156.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $152.4k during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAINTAINS & UPDATES A WEBSITE TO PUBLISH APPROVED INDUSTRY STANDARDS.
THE FOUNDATION HOSTS AND COORDINATES THE ACTIVITIES OF THE COMMITTEES AND SUBCOMMITTEES THAT WRITE VOLUNTARY STANDARDS FOR INDUSTRIAL TRUCKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Feehan President | 5 | $17,138 | |
Chris Merther Secretary/treasurer | 10 | $7,931 | |
Dennis Graham Trustee | 1 | $0 | |
James Moran Trustee | 1 | $0 | |
James Malvaso Trustee | 1 | $0 | |
William Montwieler Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $156,282 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $28,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,180 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,774 |
| Printing and publications | $0 |
| Other expenses | $81,071 |
| Total operating and administrative expenses | $152,359 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $152,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,683 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,683 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Industrial Truck Standards Development Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Material Handling Industry Charlotte, NC PURPOSE: B56 STANDARDS COMMITTEE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Insurance Institute For Highway Safety Arlington, VA | $62,581,399 | $30,892,913 |
Automotive Coalition For Traffic Sa Fety Inc Leesburg, VA | $7,189,891 | $14,804,411 |
American Traffic Safety Services Assoc Inc Fredericksburg, VA | $15,180,268 | $8,818,535 |
Governors Highway Safety Association Ghsa Washington, DC | $9,639,746 | $5,191,852 |
Center For Auto Safety Inc Washington, DC | $1,103,032 | $328,420 |
Partners For Automated Vehicle Education Inc Mclean, VA | $408,482 | $679,051 |
Car Care Council Inc Bethesda, MD | $15,598,726 | $6,676,072 |
Roadway Safety Foundation Washington, DC | $649,744 | $504,112 |
Motorcycle Safety League Of Virginia Inc Ashland, VA | $770,250 | $431,324 |
Auto Glass Safety Council Inc Garrisonville, VA | $209,996 | $238,026 |
The Crash Foundation Washington, DC | $356,320 | $265,026 |
Industrial Truck Standards Development Foundation Inc Washington, DC | $14,683 | $156,282 |