Civic Intelligence

Institute for Thermal Processing

990 • Fiscal year 2023 • EIN 54-1238221

Sep 01, 2022 to Aug 31, 2023 • Filed on May 21, 2024

Organization ProfileIFTPS.ORG
1527 Gause Boulevard 33Sidell, LA 70458

(504) 408-1356

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

13th percentile

-30%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

83rd percentile

$35,620

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

36th percentile

-5.8%

Faster asset growth than 36% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2023

Revenue Growth

48th percentile

4.7%

Faster revenue growth than 48% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2023

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$451,536

Down $87,817 (-16%) from 2020

Net Assets

Down

$451,536

Down $87,817 (-16%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin13th percentile

Revenue

Up

$233,707

Up $30,183 (+15%) from 2020

Expenses

Up

$303,386

Up $105,218 (+53%) from 2020

Net Income

Down

-$69,679

Down $75,035 (-1401%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2020: $539,353Liabilities 2020: $0Net Assets 2020: $539,3532020Assets 2023: $451,536Liabilities 2023: $0Net Assets 2023: $451,5362023Assets 2024: $498,074Liabilities 2024: $0Net Assets 2024: $498,0742024

Highlighted filing

2023

Assets$451,536
Liabilities$0
Net Assets$451,536
Open 2023 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2020: $203,524Expenses 2020: $198,168Net Income 2020: $5,3562020Revenue 2023: $233,707Expenses 2023: $303,386Net Income 2023: -$69,6792023Revenue 2024: $353,557Expenses 2024: $307,019Net Income 2024: $46,5382024

Highlighted filing

2023

Revenue$233,707
Expenses$303,386
Net Income-$69,679
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
May 21, 2024
Return Version
2022v5.0
Gross Receipts
$233,707
Mission and Program Overview

Mission

To provide leadership and education for thermal processing specialists to enhance awareness and ensure public health safety by using the knowledge of a diverse membership through communication, networking research, and establishing best practices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$509,091$451,536▼ $57,555
Savings and Temporary Cash Investments$452,188$447,024▼ $5,164
Cash and Non-Interest-Bearing Accounts$56,903$4,511▼ $52,392
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$509,091$451,536▼ $57,555
Other Assets Total-$1-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$509,091$451,536▼ $57,555
Total Liabilities and Net Assets / Fund Balance$509,091$451,536▼ $57,555
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleBaseTotal
Christy HimelMgr/Secretary$35,620$35,620

Board Members and Trustees

NameTitle
Dr Abdullatif TayChair/President
Corpus PerezVice President
Dana BuschDirector
Dr Ram PanditDirector
Russell MorganDirector
Susan FeatherstoneDirector
Kenneth SwartzelExecutive Director
Karen BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$26,460
Program Service Revenue
$207,220
Investment Income
$27
Other Revenue
$0
Change in Net Assets
$-69,679
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,837
Salaries, Compensation, and Employee Benefits$35,620
Grants and Similar Amounts Paid$10,929
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$234,977--$234,977
Current Officers, Directors, Trustees, and Key Employees-$35,620-$35,620
Grants to Domestic Orgs$6,429--$6,429
Information Technology$3,863$1,369-$5,232
Grants to Domestic Individuals$4,500--$4,500
Fees for Services Other-$4,329-$4,329
Fees for Services Accounting-$2,220-$2,220
Travel-$1,063-$1,063
Office Expenses-$577-$577
Other Expenses$337--$337
Total Functional Expenses$258,208$45,178$0$303,386
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
IFT FoundationChicago, IL-Student Scholarships$5,720
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Board members are occasionally hired to teach continuiing education seminars at other member companies.”

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

“The Form 990 was completed by an independent Certified Public Accountant using accounting records maintained by an independent outside accountant. Before efiling the Form 990 was presented to the Board and reviewed by the Executive Director and Secretary/Treasurer.”

Form 990, Part VI, Section B, Line 15A

“The board reviews and adjusts all compensation based on responsibilities, performance, inflation and comparison to similar industry positions.”

Form 990, Part VI, Section C, Line 19

“All books and records of the organization are made available to all members. A copy of the Form 990 is emailed to all officers and directors before filing.”

Filing and Contact Details

Filer

Filer Name
Institute for Thermal Processing
EIN
54-1238221
Phone
5044081356
Address
1527 Gause Boulevard 33, Sidell, LA 70458

Signing Officer

Name
Abdullatif Tay
Title
Chair/President
Signed
2024-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christy Himel
Formed
1982
Voting Board Members
355
Independent Board Members
355
Employees
0

Preparer

Firm
J Heath & Company
Address
708 Rosa Ave, Metairie, LA 70005
Preparer
Jennifer H Heath CPA
Phone
5048321873
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board members are occasionally hired to teach continuiing education seminars at other member companies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 was completed by an independent Certified Public Accountant using accounting records maintained by an independent outside accountant. Before efiling the Form 990 was presented to the Board and reviewed by the Executive Director and Secretary/Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board reviews and adjusts all compensation based on responsibilities, performance, inflation and comparison to similar industry positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All books and records of the organization are made available to all members. A copy of the Form 990 is emailed to all officers and directors before filing.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0509091
IRS990/TotalAssetsEOYAmt0451536
IRS990/TotalAssetsGrp/BOYAmt0509091
IRS990/TotalAssetsGrp/EOYAmt0451536
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IRS990/TotalContributionsAmt026460
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045178
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0258208
IRS990/TotalFunctionalExpensesGrp/TotalAmt0303386
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0509091
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0451536
IRS990/TotalProgramServiceExpensesAmt0258208
IRS990/TotalProgramServiceRevenueAmt0207220
IRS990/TotalReportableCompFromOrgAmt035620
IRS990/TotalRevenueGrp/ExclusionAmt027
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0207220
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0233707
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0509091
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0451536
IRS990/TravelGrp/ManagementAndGeneralAmt01063
IRS990/TravelGrp/TotalAmt01063
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01527 Gause Boulevard 33
IRS990/USAddress/CityNm0Sidell
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070458
IRS990/VotingMembersGoverningBodyCnt0355
IRS990/VotingMembersIndependentCnt0355
IRS990/WebsiteAddressTxt0IFTPS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Abdullatif Tay
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair/President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Institute for Thermal Processing
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Specialists
ReturnHeader/Filer/BusinessNameControlTxt0INST
ReturnHeader/Filer/EIN0541238221
ReturnHeader/Filer/PhoneNum05044081356
ReturnHeader/Filer/USAddress/AddressLine1Txt01527 Gause Boulevard 33
ReturnHeader/Filer/USAddress/CityNm0Sidell
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070458
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721449713
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0J HEATH & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0708 Rosa Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Metairie
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070005
ReturnHeader/PreparerPersonGrp/PhoneNum05048321873
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jennifer H Heath CPA
ReturnHeader/ReturnTs02024-05-21T14:12:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Abdullatif
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Tay
ReturnHeader/TaxPeriodBeginDt02022-09-01
ReturnHeader/TaxPeriodEndDt02023-08-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$451,536
Liabilities
$0
Net assets
$451,536
Revenue
$233,707
Expenses
$303,386
Net income
-$69,679
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.98$0.00$4.98$3.54$3.07$0.47
2023Detailed filing. Detailed filing data is available for this year.$4.52$0.00$4.52$2.34$3.03$0.70
2020Detailed filing. Detailed filing data is available for this year.$5.39$0.00$5.39$2.04$1.98$0.05