Iapmo Research And Testing Inc
- Assets
- $11.2m
- Revenue
- $46.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Ontario, CA
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 95-4507362
Organization Overview
Iapmo Research And Testing Inc is located in Ontario, CA. The organization was established in 1995. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iapmo Research And Testing 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, Iapmo Research And Testing Inc generated $46.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $28.8m during the year ending 12/2021. While expenses have increased by 4.5% 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
PERFORMING INDEPENDENT TESTING, RESEARCH, AND TECHNICAL SERVICES IN THE PLUMBING AND MECHANICAL INDUSTRIES, AS WELL AS PROVIDING CONSULTATION, TRAINING, QUALITY ASSURANCE, FAILURE ANALYSIS, AND WITNESS/FIELD TESTING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PRODUCT TESTING FOR PLUMBING AND MECHANICAL PRODUCTS MANUFACTURED IN ACCORDANCE WITH ACCEPTABLE STANDARDS TO PRODUCERS OF PLUMBING AND MECHANICAL PRODUCTS SOLD IN NORTH AMERICA.
PROVIDE LISTING SERVICES FOR PLUMBING AND MECHANICAL PRODUCTS MANUFACTURED IN ACCORDANCE WITH ACCEPTABLE STANDARDS TO PRODUCERS OF PLUMBING AND MECHANICAL PRODUCTS SOLD IN NORTH AMERICA.
PROVIDE LISTING COMPLIANCE INSPECTIONS FOR PLUMBING AND MECHANICAL PRODUCTS MANUFACTURED IN ACCORDANCE WITH ACCEPTABLE STANDARDS TO PRODUCERS OF PLUMBING AND MECHANICAL PRODUCTS SOLD IN NORTH AMERICA.
OTHER REVENUE COMES FROM ISO REGISTRATION, LABORATORY RECOGNITION, STANDARDS, CONSULTING INCOME, AND WITNESS/FIELD TESTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Panelli Vice Chairma | OfficerTrustee | 5 | $0 |
Steve Fernlund Secretary/tr | OfficerTrustee | 5 | $0 |
David Gans Chairman | OfficerTrustee | 5 | $0 |
Thomas Palkon Evp-Chief Te | Officer | 45 | $0 |
Ohannes Dembekjian Evp-Cont Com | Officer | 45 | $0 |
Ken Wijaya Evp-R&t Lab | Officer | 45 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Si-min Wu Certifictn Insp | 12/30/21 | $255,374 |
Qft Laboratory Certifictn Insp | 12/30/21 | $240,933 |
Rangel Universal Iso Certification Iso Inspector | 12/30/21 | $185,400 |
Stuidio Qrs Certifictn Insp | 12/30/21 | $209,170 |
Guenter Schieweck Certifictn Insp | 12/30/21 | $192,883 |
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 | $46,669,880 |
| Investment income | $21,433 |
| 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 | $46,736,492 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,322,643 |
| Pension plan accruals and contributions | $1,296,117 |
| Other employee benefits | $1,660,374 |
| Payroll taxes | $692,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,438 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,427 |
| Advertising and promotion | $45,391 |
| Office expenses | $121,773 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $194,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,358 |
| Insurance | $343,191 |
| All other expenses | $1,594,814 |
| Total functional expenses | $28,807,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,768 |
| Savings and temporary cash investments | $626,057 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,139,813 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $68,598 |
| Inventories for sale or use | $35,553 |
| Prepaid expenses and deferred charges | $213,369 |
| Net Land, buildings, and equipment | $984,764 |
| Investments—publicly traded securities | $2,694,844 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,214,766 |
| Accounts payable and accrued expenses | $120,155 |
| Grants payable | $0 |
| Deferred revenue | $12,583,809 |
| 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 | $1,953,719 |
| Total liabilities | $14,657,683 |
| Net assets without donor restrictions | -$3,442,917 |
| 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 | $11,214,766 |
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San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
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