International Federation Of Professional & Technical Engineers
- Assets
- $25.7m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 37
- Location
- Seattle, WA
- Founding
- 10/1941
- Data as of
- 03/2023
- EIN
- 91-0583387
Organization Overview
International Federation Of Professional & Technical Engineers is located in Seattle, WA. The organization was established in 1941. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 03/2023, International Federation Of Professional & Technical Engineers employed 37 individuals. This organization is a subordinate organization within 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 $11.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $11.0m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, International Federation Of Professional & Technical Engineers has awarded 41 individual grants totaling $534,096. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS, AND COLLECTIVE BARGAINING, THROUGH LEGAL AND ECONOMIC MEANS, AND OTHER LAWFUL METHODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ACCOMPLISHED ITS EXEMPT PURPOSES BY NEGOTIATING FAIR COMPENSATION, SETTLING GRIEVANCES AND SECURING GOOD WORKING CONDITIONS FOR ITS MEMBERS.
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 |
|---|---|---|---|
Richard Plunkett Contract Admin | 51 | $268,837 | |
Matthew Kempf Benefits Director | 47 | $242,721 | |
Steve Spyridis Contract Admin | 59 | $220,454 | |
Raymond Goforth Executive Director | 46 | $230,436 | |
William Dugovich Communications | 45 | $216,316 | |
David Glenn Organizing | 42 | $206,824 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Kelman Buescher Firm Attorney Fees | 3/30/19 | $267,186 |
Murphy Anderson Plls Attorney Fees | 3/30/19 | $111,608 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,147,927 |
| 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 | $1,147,927 |
| Total Program Service Revenue | $9,592,396 |
| Investment income | $483,663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$254,795 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,439,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $265,700 |
| 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. | $279,049 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,818,301 |
| Pension plan accruals and contributions | $837,627 |
| Other employee benefits | $830,549 |
| Payroll taxes | $361,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $463,836 |
| Fees for services: Accounting | $34,148 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,248 |
| Fees for services: Other | $79,092 |
| Advertising and promotion | $23,049 |
| Office expenses | $214,174 |
| Information technology | $48,582 |
| Royalties | $0 |
| Occupancy | $189,318 |
| Travel | $2,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,191 |
| Interest | $0 |
| Payments to affiliates | $1,462,793 |
| Depreciation, depletion, and amortization | $57,502 |
| Insurance | $57,950 |
| All other expenses | $149,410 |
| Total functional expenses | $10,981,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,323 |
| Savings and temporary cash investments | $10,527,494 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,952 |
| 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 | $84,549 |
| Net Land, buildings, and equipment | $805,750 |
| Investments—publicly traded securities | $12,180,214 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,992,804 |
| Total assets | $25,716,086 |
| Accounts payable and accrued expenses | $62,969 |
| Grants payable | $0 |
| Deferred revenue | $3,440,186 |
| 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 | $1,436,436 |
| Total liabilities | $4,939,591 |
| Net assets without donor restrictions | $20,776,495 |
| 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 | $25,716,086 |
Grants Awarded
Over the last fiscal year, International Federation Of Professional & Technical Engineers has awarded $193,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CLARK COLLEGE FOUNDATION PURPOSE: SPEEA-ACE Scholarship Award | $5,500 |
EDMONDS COLLEGE FOUNDATION PURPOSE: SPEEA-ACE Scholarship Award | $31,000 |
EVERETT COMMUNITY COLLEGE FDN PURPOSE: SPEEA-ACE Scholarship Award | $10,000 |
GREENRIVER COLLEGE FOUNDATION PURPOSE: SPEEA-ACE Scholarship Award | $30,000 |
HIGHLINE COLLEGE FOUNDATION PURPOSE: SPEEA-ACE Scholarship Award | $10,000 |
ICT SOS PURPOSE: General support | $6,000 |