International Society Of Offshore And Polar Engineers is located in Cupertino, CA. The organization was established in 1991. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 06/2024, International Society Of Offshore And Polar Engineers employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Society Of Offshore And Polar Engineers 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 06/2024, International Society Of Offshore And Polar Engineers generated $941.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $757.6k during the year ending 06/2024. While expenses have increased by 4.7% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SCIENTIFIC AND EDUCATIONAL SUPPORT OF ORGANIZING, SPONSORING AND PUBLISHING ADVANCES IN OFFSHORE AND POLAR ENGINEERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORSHIP OF ANNUAL INTERNATIONAL SCIENCE CONFERENCE ON OFFSHORE, OCEAN AND POLAR ENGINEERING HELD JUNE 16-21, 2024.
PUBLICATION OF JOURNAL, CONFERENCE AND SYMPOSIUM PROCEEDINGS OF REFEREED PAPERS.
SCHOLARSHIPS AND AWARD PRIZES, GIVEN TO INDIVIDUAL GRADUATE STUDENTS OF OFFSHORE, OCEAN AND POLAR ENGINEERING
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Prof Jin S Chung Executive Director | Officer | 55 | $54,949 |
Y Chung Manager | Officer | 25 | $39,442 |
Prof H Liu Officer | Officer | 2 | $0 |
Prof A Baeten Officer | Officer | 2 | $0 |
Dr S Yamaguchi Officer | Officer | 2 | $0 |
Prof L Martinelli Officer | Officer | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $24,988 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $230 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $25,218 |
Total Program Service Revenue | $647,183 |
Investment income | $264,390 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $4,333 |
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 | $941,124 |
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 | $4,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $94,391 |
Compensation of current officers, directors, key employees. | $73,881 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $140,350 |
Pension plan accruals and contributions | $6,874 |
Other employee benefits | $1,167 |
Payroll taxes | $22,170 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,700 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $21,617 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $341,949 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $11,761 |
Insurance | $0 |
All other expenses | $24,038 |
Total functional expenses | $757,588 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $5,822,101 |
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 | $0 |
Net Land, buildings, and equipment | $383,658 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $6,205,759 |
Accounts payable and accrued expenses | $0 |
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 | $3,491 |
Total liabilities | $3,491 |
Net assets without donor restrictions | $6,136,284 |
Net assets with donor restrictions | $65,984 |
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 | $6,205,759 |