International Federation Of Professional & Technical Engineers
- Assets
- $8.2m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 51
- Location
- Oakland, CA
- Founding
- 10/1941
- Data as of
- 12/2021
- EIN
- 94-1485992
Organization Overview
International Federation Of Professional & Technical Engineers is located in Oakland, CA. 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 12/2021, International Federation Of Professional & Technical Engineers employed 51 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 12/2021, International Federation Of Professional & Technical Engineers generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $6.5m during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE GENERAL WELFARE OF PROFESSIONAL AND TECHNICAL EMPLOYEES, AND OF FUNCTIONALLY ASSOCIATED EMPLOYEES WITH SUBSTANTIAL IDENTITY OF INTEREST AND WORKING CONDITIONS: TO SECURE IMPROVED WAGE, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVE BARGAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE REPRESENTATION TO MEMBERS IN MATTERS RELATED TO EMPLOYMENT IN ACCORDANCE WITH THE COLLECTIVE BARGAINING AGREEMENT AND FAIR EMPLOYMENT STANDARDS.
MEMBERSHIP REPRESENTATION: ENFORCEMENT OF THE COLLECTIVE BARGAINING AGREEMENT: PROVIDE EDUCATIONAL ADVANCEMENT AND TRAINING FOR MEMBERS, OFFICERS, AND EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Sperry Union Rep | 40 | $188,526 | |
Francisco Preciado Executive Di | Officer | 40 | $177,298 |
Adolfo F Riedel Union Rep | 40 | $156,790 | |
John Ward Union Rep | 40 | $156,748 | |
Nancy Ostrowski Sr Union Rep | Officer | 40 | $155,921 |
Wei-Ling Huber Asst Exe Dir | 40 | $151,917 |
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 | $8,030,528 |
| Investment income | $2,402 |
| 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 | $8,032,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,685 |
| 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. | $434,652 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,694,359 |
| Pension plan accruals and contributions | $600,325 |
| Other employee benefits | $818,796 |
| Payroll taxes | $244,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,890 |
| Fees for services: Accounting | $24,100 |
| Fees for services: Lobbying | $36,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,147 |
| Advertising and promotion | $0 |
| Office expenses | $166,092 |
| Information technology | $101,403 |
| Royalties | $0 |
| Occupancy | $119,819 |
| Travel | $51,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $140,870 |
| Interest | $39,192 |
| Payments to affiliates | $625,170 |
| Depreciation, depletion, and amortization | $161,981 |
| Insurance | $86,554 |
| All other expenses | $7,848 |
| Total functional expenses | $6,532,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $692,009 |
| Savings and temporary cash investments | $4,183,593 |
| 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 | $3,330,930 |
| Investments—publicly traded securities | $430 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,452 |
| Total assets | $8,208,414 |
| Accounts payable and accrued expenses | $40,107 |
| 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 | $897,702 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $199,254 |
| Total liabilities | $1,137,063 |
| Net assets without donor restrictions | $7,071,351 |
| 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 | $8,208,414 |