International Microelectronics and Packaging Society
990 • Fiscal year 2011 • EIN 54-1392712
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Balance Sheet
Assets
Flat$148,476
Flat from 2011
Net Assets
Flat$129,389
Flat from 2011
Liabilities
Flat$19,087
Flat from 2011
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$18,787
Flat from 2011
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2010 to Jun 30, 2011
- Signed
- Mar 29, 2012
- Return Version
- 2010v3.4
- Gross Receipts
- $25,389
Mission and Program Overview
Mission
To support student activities related to the study of microelectronics packaging, interconnect and assembly.
Filing and Contact Details
Filer
- EIN
- 54-1392712
Raw XML AppendixShowing 400 of 441 raw XML fields
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| IRS990/ActivityOrMissionDescription | 0 | PROMOTION OF EDUCATION AND RESEARCH ACTIVITIES IN THE FIELD OF MICROELECTRONICS. |
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | THE FOUNDATION IS GENERALLY EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. UNDER CURRENT INTERNAL REVENUE SERVICE REGULATIONS, ADVERTISING REVENUE EARNED IN THE PUBLICATION OF THE FOUNDATION'S MAGAZINES ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX. THERE WAS NO NET TAX LIABILITY FOR UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2011 AND 2010. ON JULY 1, 2009, THE FOUNDATION ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC TOPIC 740-10), WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 1 | IMAPS REVENUE INCLUDED IN CONSOLIDATING STATEMENTS 1,379,321. SPECIAL EVENT EXPENSES 10,095. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 2 | IMAPS EXPENSES INCLUDED IN CONSOLIDATING STATEMENTS 1,505,658. SPECIAL EVENT EXPENSES 10,095. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 0 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 1 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 2 | PART XIII, LINE 2D - OTHER ADJUSTMENTS: |
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| IRS990ScheduleI/Form990ScheduleIPartIV/Explanation | 0 | SCHEDULE I, PART I, LINE 2: THE FOUNDATION WILL REQUIRE A SHORT WRITTEN REPORT ON HOW THE FUNDS WERE SPENT. ALSO THE FOUNDATION WOULD LIKE A PHOTOGRAPH OF THE WORK PERFORMED AND A SECOND PHOTOGRAPH OF THE STUDENTS AT WORK OR GROUP SHOT. |
| IRS990ScheduleI/Form990ScheduleIPartIV/Identifier | 0 | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | AN ANNUAL AUDIT BY AN EXTERNAL AUDIT FIRM IS REQUIRED EACH YEAR. THIS IS CONDUCTED WITH ACTIVE PARTICIPATION, COMMENTARY AND REVIEW BY THE ORGANIZATION'S AUDIT COMMITTEE. THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR (EX OFFICIO BOARD MEMBER) WORKS WITH THE EXTERNAL AUDITING FIRM TO COMPILE THE FORM 990. THE FORM 990 IS DISTRIBUTED FOR REVIEW BY THE CHIEF OFFICERS OF THE ORGANIZATION, THESE BEING THE FIRST PAST PRESIDENT, PRESIDENT, PRESIDENT ELECT AND TREASURER, AND OTHER BOARD MEMBERS UPON COMPLETION BY THE EXTERNAL AUDIT FIRM. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE ORGANIZATION HAS A PUBLICALLY POSED "CONFLICT OF INTEREST" POLICY. THIS POLICY IS REQUIRED TO BE REVIEWED BY EACH ELECTED MEMBER OF THE BOARD OF DIRECTOR'S DURING THE ORIENTATION PROCESS CONDUCTED FOLLOWING THEIR ELECTION TO THE BOARD. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | UPON REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | MICROELECTRONICS FOUNDATION DOES NOT COMPENSATE ANYONE SHOWN IN PART VII OF THE FORM 990 OR SCHEDULE J, PART II. THE COMPENSATION SHOWN IN THESE SECTIONS IS PAID BY INTERNATIONAL MICROELECTRONICS AND PACKAGING SOCIETY, THE ORGANIZATION'S SUPPORTED ORGANIZATION. MICROELECTRONICS FOUNDATION RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF INTERNATIONAL MICROELECTRONICS AND PACKAGING SOCIETY. THE FOLLOWING IS THE COMPENSATION METHODOLOGY USED BY INTERNATIONAL MICROELECTRONICS AND PACKAGING SOCIETY: THE PROCESS FOR DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS CONDUCTED BY ANNUAL REVIEW BY THE FIRST PAST PRESIDENT, PRESIDENT, PRESIDENT-ELECT AND TREASURER. EXTERNAL COMPARATIVE COMPENSATION DATA FROM SIMILAR NOT-FOR-PROFIT ASSOCIATIONS IS REVIEWED ALONG WITH THE STRATEGIC GOALS OF THE ORGANIZATION AND DOCUMENTED. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | IMAPS FOUNDATION MICHAEL O' DONOGHUE 40 1 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | COMPENSATION METHODOLOGY |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | AVERAGE HOURS AMONG RELATED ORGANIZATIONS |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART XII, LINE 2C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VII |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART VII |
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| IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection | 0 | 501(C)(3) |
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| IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine1 | 0 | INTERNATIONAL MICROELECTRONICS AND PACKAGING SOCIETY |
| IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities | 0 | TO PROVIDE CONTINUING EDUCATION AND PROVIDE INFORMATION ON TRENDS AND |
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| IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs | 0 | 0 |
| IRS990ScheduleR/SaleOfAssetsToOtherOrg | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilities | 0 | 1 |
| IRS990ScheduleR/SharingOfPaidEmployees | 0 | 1 |
| IRS990/School | 0 | 0 |
| IRS990/SignificantChange | 0 | 0 |
| IRS990/SignificantNewProgramServices | 0 | 0 |
| IRS990/StateLegalDomicile | 0 | IL |
| IRS990/TaxablePartyNotification | 0 | 0 |
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| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 20002 |
| IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1 | 0 | MICHAEL O'DONOGHUE EXECUTIVE DIR |
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| IRS990/TotalAssetsBOY | 0 | 148836 |
| IRS990/TotalAssets/EOY | 0 | 148476 |
| IRS990/TotalAssetsEOY | 0 | 148476 |
| IRS990/TotalCompGT150K | 0 | 0 |
| IRS990/TotalContributions | 0 | 13358 |
| IRS990/TotalExpensesCurrentYear | 0 | 18787 |
| IRS990/TotalExpensesPriorYear | 0 | 13114 |
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| IRS990/TotalFunctionalExpenses/ProgramServices | 0 | 10560 |
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| IRS990/TotalFundrsngExpCurrentYear | 0 | 0 |
| IRS990/TotalGrossUBI | 0 | 0 |
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| IRS990/TotalLiabilitiesBOY | 0 | 15954 |
| IRS990/TotalLiabilities/EOY | 0 | 19087 |
| IRS990/TotalLiabilitiesEOY | 0 | 19087 |
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| IRS990/TotalLiabNetAssetsFundBalances/EOY | 0 | 148476 |
| IRS990/TotalNbrEmployees | 0 | 0 |
| IRS990/TotalNbrVolunteers | 0 | 0 |
| IRS990/TotalNetAssetsFundBalances/BOY | 0 | 132882 |
| IRS990/TotalNetAssetsFundBalances/EOY | 0 | 129389 |
| IRS990/TotalOtherCompensation | 0 | 31301 |
| IRS990/TotalProfFundrsngExpCY | 0 | 0 |
| IRS990/TotalProfFundrsngExpPriorYear | 0 | 0 |
| IRS990/TotalProgramServiceExpense | 0 | 10560 |
| IRS990/TotalReportableCompFrmRltdOrgs | 0 | 118500 |
| IRS990/TotalReportableCompFromOrg | 0 | 0 |
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| IRS990/TotalRevenue/ExclusionAmount | 0 | 1936 |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $148,476
- Liabilities
- $19,087
- Net assets
- $129,389
- Revenue
- -
- Expenses
- $18,787
- Net income
- -