Civic Intelligence

Ipc International Inc

EIN 23-7091810 • 501(c)6 • Bannockburn, IL

Profile

Ipc is a global trade association dedicated to furthering the competitive excellence and financial success of its members, who are participants in the electronics industry. In pursuit of these objectives, ipc will devote resources to management improvement and technology enhancement programs, the creation of relevant standards, protection of the environment, and pertinent government relations. Ipc encourages the active participation of all its members in these activities and commits to full cooperation with all related organizations.

3000 Lakeside Drive 105NBannockburn, IL 60015

www.ipc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.29x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.27x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Net Margin

55th percentile

6.9%

Higher net margin than 55% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

43rd percentile

6.4%

Faster asset growth than 43% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

64th percentile

12%

Faster revenue growth than 64% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Up

$46,566,820

Up $1,329,276 (+2.9%) from 2023

Liabilities

Down

$13,322,647

Down $2,784,228 (-17%) from 2023

Net Assets

Up

$33,244,173

Up $4,113,504 (+14%) from 2023

Revenue

Up

$48,599,819

Up $5,259,537 (+12%) from 2023

Expenses

Up

$45,259,374

Up $5,337,390 (+13%) from 2023

Net Income

Down

$3,340,445

Down $77,853 (-2.3%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $18,216,358Liabilities 2010: $6,853,508Net Assets 2010: $11,362,8502010Assets 2011: $19,138,601Liabilities 2011: $6,431,317Net Assets 2011: $12,707,2842011Assets 2012: $20,302,111Liabilities 2012: $7,279,577Net Assets 2012: $13,022,5342012Assets 2013: $19,262,236Liabilities 2013: $6,925,753Net Assets 2013: $12,336,4832013Assets 2014: $19,183,652Liabilities 2014: $7,650,501Net Assets 2014: $11,533,1512014Assets 2015: $19,234,692Liabilities 2015: $7,309,456Net Assets 2015: $11,925,2362015Assets 2016: $20,374,416Liabilities 2016: $8,624,395Net Assets 2016: $11,750,0212016Assets 2017: $24,593,645Liabilities 2017: $10,470,674Net Assets 2017: $14,122,9712017Assets 2018: $27,150,977Liabilities 2018: $12,283,354Net Assets 2018: $14,867,6232018Assets 2019: $31,341,686Liabilities 2019: $12,754,621Net Assets 2019: $18,587,0652019Assets 2020: $31,511,425Liabilities 2020: $10,512,196Net Assets 2020: $20,999,2292020Assets 2021: $35,069,140Liabilities 2021: $12,197,607Net Assets 2021: $22,871,5332021Assets 2022: $41,171,672Liabilities 2022: $16,238,918Net Assets 2022: $24,932,7542022Assets 2023: $45,237,544Liabilities 2023: $16,106,875Net Assets 2023: $29,130,6692023Assets 2024: $46,566,820Liabilities 2024: $13,322,647Net Assets 2024: $33,244,1732024

Highlighted filing

2024

Assets$46,566,820
Liabilities$13,322,647
Net Assets$33,244,173

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $12,539,1992010Expenses 2011: $13,775,8152011Expenses 2012: $16,174,0312012Revenue 2013: $16,273,456Expenses 2013: $17,851,905Net Income 2013: -$1,578,4492013Revenue 2014: $18,739,672Expenses 2014: $18,890,262Net Income 2014: -$150,5902014Revenue 2015: $20,179,735Expenses 2015: $19,311,124Net Income 2015: $868,6112015Revenue 2016: $20,392,905Expenses 2016: $20,846,760Net Income 2016: -$453,8552016Revenue 2017: $23,468,085Expenses 2017: $22,059,455Net Income 2017: $1,408,6302017Revenue 2018: $26,898,613Expenses 2018: $25,030,824Net Income 2018: $1,867,7892018Revenue 2019: $32,231,037Expenses 2019: $29,346,917Net Income 2019: $2,884,1202019Revenue 2020: $30,120,442Expenses 2020: $28,552,180Net Income 2020: $1,568,2622020Revenue 2021: $30,776,508Expenses 2021: $29,455,285Net Income 2021: $1,321,2232021Revenue 2022: $39,085,104Expenses 2022: $35,246,424Net Income 2022: $3,838,6802022Revenue 2023: $43,340,282Expenses 2023: $39,921,984Net Income 2023: $3,418,2982023Revenue 2024: $48,599,819Expenses 2024: $45,259,374Net Income 2024: $3,340,4452024

Highlighted filing

2024

Revenue$48,599,819
Expenses$45,259,374
Net Income$3,340,445

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.6$13.3$33.2$48.6$45.3$3.34
2023Detailed filing. Detailed filing data is available for this year.$45.2$16.1$29.1$43.3$39.9$3.42
2022Detailed filing. Detailed filing data is available for this year.$41.2$16.2$24.9$39.1$35.2$3.84
2021Detailed filing. Detailed filing data is available for this year.$35.1$12.2$22.9$30.8$29.5$1.32
2020Detailed filing. Detailed filing data is available for this year.$31.5$10.5$21.0$30.1$28.6$1.57
2019Detailed filing. Detailed filing data is available for this year.$31.3$12.8$18.6$32.2$29.3$2.88
2018Detailed filing. Detailed filing data is available for this year.$27.2$12.3$14.9$26.9$25.0$1.87
2017Detailed filing. Detailed filing data is available for this year.$24.6$10.5$14.1$23.5$22.1$1.41
2016Detailed filing. Detailed filing data is available for this year.$20.4$8.62$11.8$20.4$20.8$0.45
2015Detailed filing. Detailed filing data is available for this year.$19.2$7.31$11.9$20.2$19.3$0.87
2014Detailed filing. Detailed filing data is available for this year.$19.2$7.65$11.5$18.7$18.9$0.15
2013Detailed filing. Detailed filing data is available for this year.$19.3$6.93$12.3$16.3$17.9$1.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$7.28$13.0$16.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$6.43$12.7$13.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$6.85$11.4$12.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$49,705,891
Mission and Program Overview

Mission

Ipc is a global trade association dedicated to furthering the competitive excellence and financial success of its members, who are participants in the electronics industry. In pursuit of these objectives, ipc will devote resources to management improvement and technology enhancement programs, the creation of relevant standards, protection of the environment, and pertinent government relations. Ipc encourages the active participation of all its members in these activities and commits to full cooperation with all related organizations.

Ipc is a global trade association dedicated to furthering the competitive excellence and financial success of its members, who are participants in the electronics industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,182,881$25,323,420▲ $4,140,539
Savings and Temporary Cash Investments$9,867,731$8,962,798▼ $904,933
Land, Buildings, and Equipment, Net$5,111,639$4,481,095▼ $630,544
Accounts Receivable$3,179,337$2,435,214▼ $744,123
Prepaid Expenses and Deferred Charges$1,534,423$1,594,831▲ $60,408
Intangible Assets$1,645,794$1,504,753▼ $141,041
Inventories for Sale or Use$513,945$344,224▼ $169,721
Cash and Non-Interest-Bearing Accounts$23,225$23,225→ $0
Total Assets$45,237,544$46,566,820▲ $1,329,276
Other Assets Total$2,178,569$1,897,260▼ $281,309
Liabilities
Deferred Revenue$10,148,095$10,564,421▲ $416,326
Other Liabilities$2,491,412$2,213,421▼ $277,991
Accounts Payable and Accrued Expenses$3,467,368$544,805▼ $2,922,563
Total Liabilities$16,106,875$13,322,647▼ $2,784,228
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,130,669$33,244,173▲ $4,113,504
Total Net Assets Fund Balance$29,130,669$33,244,173▲ $4,113,504
Total Liabilities and Net Assets / Fund Balance$45,237,544$46,566,820▲ $1,329,276

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,366,253$9,571,452$13,937,705
Leasehold Improvements$114,842$487,541$602,383
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John MitchellPresident/CEOFT$1,116,706$1,680,239$2,796,945
Chris MitchellVP Government RelationsFT$408,178$111,070$519,248
David HernandezVP Education & CertificationFT$331,607$142,050$473,657
David BergmanVP Standards and TechnologyFT$345,398$127,875$473,273
Tom SandmanCFOFT$338,993$133,998$472,991
Sanjay HuprikarPresident Europe OperationFT$347,413$109,918$457,331
Brian KnierCMOFT$315,342$139,276$454,618
Russell WynneSr Director ItFT$207,828$66,314$274,142
Richard CappettoSr Director Govt RelationsFT$214,493$42,054$256,547
Teresa RoweSr Director StandardsFT$193,343$49,705$243,048
Alicia BalonekSr Director EventsFT$194,690$36,247$230,937
Michelle MermelsteinSr Director Public RelationsFT$193,510$32,906$226,416

Board Members and Trustees

NameTitle
Tom EdmanChairman
Shane WhitesideImmediate Past Chair
Bob NevesDirector
Cao XiDirector
Carsten SalewskiDirector
Elke EcksteinDirector
Foo-ming FuDirector
Gerald EcksteinDirector
Greg MaxwellDirector
Henry CrandallDirector
Hiroyuki WatanabeDirector
Jaesang MinDirector
Jay HillDirector
Joe De ManDirector
Lisa WeeksDirector
Marc PeoDirector
Meredith LebeauDirector
Parker GarrettDirector
Paul BaldassariDirector
Robert FeuersteinDirector
Steve PudlesDirector
Waad TarmanDirector
Jeff TimmsSecretary/treasurer
Peter ClevelandTreasurer/secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Lake County PressPrinting/fullfillmentPO BOX 9209, Waukegan, IL 60085, Be$1,064,087
Prestige StaffingProgramming9040 ROSWELL ROAD SUITE 300, Atlanta, GA 30350$740,366
Globalization Partners LLCConsulting175 FEDERAL ST 17TH FLOOR, Boston, MA 02110$675,929
Caluga Management Consulting SprlConsulting622 GEORGES RD SUITE 104, North Brunswick, NJ 08902$434,653
Smart Source Technologies INCProgramming-$394,165
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$40,575,398
Investment Income
$1,075,695
Other Revenue
$6,948,726
Change in Net Assets
$3,340,445

Audited Revenue Reconciliation

Revenue per Audited Statements
$48,577,246
Revenue Not Reported on Financial Statements
$22,573
Revenue Not Reported on Form 990
$4,232,824
Other Revenue Adjustments
$22,573
Total Revenue per Audited Statements
$52,810,070
Total Revenue per Form 990
$48,599,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,430,956
Salaries, Compensation, and Employee Benefits$21,805,845
Grants and Similar Amounts Paid$22,573
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$12,865,934
Fees for Services Other---$6,472,174
Current Officers, Directors, Trustees, and Key Employees---$5,430,274
Conferences and Meetings---$4,549,671
Information Technology---$2,965,822
Depreciation Depletion---$2,525,149
Other Employee Benefits---$1,647,601
All Other Expenses---$1,618,300
Advertising---$1,454,106
Pension Plan Contributions---$1,085,779
Travel---$819,582
Payroll Taxes---$776,257
Occupancy---$491,064
Other Expenses---$180,076
Fees for Services Accounting---$102,765
Insurance---$91,925
Fees for Services Legal---$85,719
Office Expenses---$45,872
Grants to Domestic Orgs---$22,573
Total Functional Expenses$0$0$0$45,259,374

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$50,142,301
Total Expenses per Form 990$45,259,374
Expenses per Audited Statements$45,236,801
Expenses Not Reported on Form 990$4,905,500
Expenses Not Reported on Financial Statements$22,573
Other Expense Adjustments$22,573
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ipc Education FoundationBannockburn, IL501(c)(3)Financial Support$22,573

International Summary

Offices
6
Employees
65
Spending
$6,821,228

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Program ServicesTraining/consulting333$5,477,171
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,Program ServicesTraining/consulting227$1,233,427
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesTraining/consulting15$110,630
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$1,277,197
Current Year Nondeductible Lobbying and Political Cost$1,104,270
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities - Operating$2,213,421
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board retains the services of an independent cpa firm to prepare the organization's form 990. Management reviews the completed form 990 and provides a full copy to all voting members of the governing body prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Ipc is responsible for cataloging all conflicts of interest. The conflict of interest questionnaire and policy is distributed annually. Directors are requested to report any conflicts on an annual basis.

Form 990, Part VI, Section B, Line 15

An independent compensation committee of the board determines the ceo's salary using comparability data comprised by an independent third party, who is contracted annually to conduct an executive compensation study for this purpose. The compensation committee substantiates its deliberation and decision. The same process is followed for other officers.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available through applicable governmental agencies; the conflict of interest policy is available upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
Ipc International Inc
EIN
23-7091810
Phone
8476157100
Address
3000 LAKESIDE DRIVE 105N, BANNOCKBURN, IL 60015
Doing Business As
Global Electronics Association

Signing Officer

Name
John W Mitchell
Title
President
Phone
8476157100
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John W Mitchell
Formed
1957
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
16
Employees
120
Volunteers
2,740

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
Jessica Toader
Phone
3122071040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

CONSULTING 6,472,174.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold on sales of inventory 1,106,072. Income from related orgs included in consolidated financial statements 2,353,692.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Grant to related org, net against revenue on consolidated financial stmt 22,573.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold on sales of inventory 1,106,072. Expenses from related orgs included in consolidated 3,799,428.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Grant to related org, net against revenue on consolidated financial stmt 22,573.

Raw XML AppendixShowing 400 of 1,056 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP GOVERNMENT RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP EDUCATION & CERTIFICATION
IRS990/Form990PartVIISectionAGrp/TitleTxt27VP STANDARDS AND TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt28CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt29PRESIDENT EUROPE OPERATION
IRS990/Form990PartVIISectionAGrp/TitleTxt30CMO

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