Civic Intelligence

Iapmo Research and Testing Inc

990 • Fiscal year 2013 • EIN 95-4507362

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 13, 2014

5001 E Philadelphia Street91761

(909) 472-4100

Siviq Scores

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

Liabilities / Assets

97th percentile

1.45x

Higher debt load relative to assets than 97% of similar nonprofits.

2013 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

42nd percentile

0.31x

Higher debt load relative to revenue than 42% of similar nonprofits.

2013 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2013

Net Margin

96th percentile

40%

Higher net margin than 96% of similar nonprofits.

2013 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

35th percentile

$374,016

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2013 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2013

Asset Growth

87th percentile

22%

Faster asset growth than 87% of similar nonprofits.

2013 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

49th percentile

4.8%

Faster revenue growth than 49% of similar nonprofits.

2013 filings • $25M-$50M nonprofits • Annualized from 2011 to 2013

Assets

Up

$6,767,111

Up $1,211,771 (+22%) from 2012

Net Assets

Up

-$3,020,634

Up $121,538 (+3.9%) from 2012

Liabilities

Up

$9,787,745

Up $1,090,233 (+13%) from 2012

Revenue

$31,696,575

No earlier filing loaded for comparison.

Expenses

Up

$18,870,310

Up $1,259,582 (+7.2%) from 2012

Net Income

$12,826,265

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $5,396,210Liabilities 2010: $8,227,505Net Assets 2010: -$2,831,2952010Assets 2011: $5,696,657Liabilities 2011: $8,506,493Net Assets 2011: -$2,809,8362011Assets 2012: $5,555,340Liabilities 2012: $8,697,512Net Assets 2012: -$3,142,1722012Assets 2013: $6,767,111Liabilities 2013: $9,787,745Net Assets 2013: -$3,020,6342013Assets 2014: $6,696,386Liabilities 2014: $10,541,029Net Assets 2014: -$3,844,6432014Assets 2015: $6,681,086Liabilities 2015: $11,084,200Net Assets 2015: -$4,403,1142015Assets 2016: $7,323,087Liabilities 2016: $11,836,234Net Assets 2016: -$4,513,1472016Assets 2017: $7,413,127Liabilities 2017: $11,881,890Net Assets 2017: -$4,468,7632017Assets 2018: $8,783,384Liabilities 2018: $12,780,133Net Assets 2018: -$3,996,7492018Assets 2019: $11,243,691Liabilities 2019: $13,488,606Net Assets 2019: -$2,244,9152019Assets 2020: $9,694,406Liabilities 2020: $13,615,695Net Assets 2020: -$3,921,2892020Assets 2021: $11,214,766Liabilities 2021: $14,657,683Net Assets 2021: -$3,442,9172021Assets 2022: $15,823,445Liabilities 2022: $15,926,383Net Assets 2022: -$102,9382022Assets 2023: $19,242,887Liabilities 2023: $16,958,186Net Assets 2023: $2,284,7012023Assets 2024: $24,833,599Liabilities 2024: $17,902,079Net Assets 2024: $6,931,5202024

Highlighted filing

2013

Assets$6,767,111
Liabilities$9,787,745
Net Assets-$3,020,634

Operations Trend

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

$80M$60M$40M$20M$0Expenses 2010: $16,703,8292010Revenue 2011: $28,838,789Expenses 2011: $17,436,265Net Income 2011: $11,402,5242011Expenses 2012: $17,610,7282012Revenue 2013: $31,696,575Expenses 2013: $18,870,310Net Income 2013: $12,826,2652013Revenue 2014: $32,872,455Expenses 2014: $19,661,017Net Income 2014: $13,211,4382014Revenue 2015: $34,082,240Expenses 2015: $21,179,690Net Income 2015: $12,902,5502015Revenue 2016: $37,886,627Expenses 2016: $22,834,197Net Income 2016: $15,052,4302016Revenue 2017: $39,890,354Expenses 2017: $25,273,886Net Income 2017: $14,616,4682017Revenue 2018: $42,324,990Expenses 2018: $27,695,587Net Income 2018: $14,629,4032018Revenue 2019: $46,397,790Expenses 2019: $29,634,505Net Income 2019: $16,763,2852019Revenue 2020: $44,653,285Expenses 2020: $29,262,588Net Income 2020: $15,390,6972020Revenue 2021: $46,736,492Expenses 2021: $28,807,715Net Income 2021: $17,928,7772021Revenue 2022: $50,566,669Expenses 2022: $35,383,688Net Income 2022: $15,182,9812022Revenue 2023: $58,178,492Expenses 2023: $41,142,055Net Income 2023: $17,036,4372023Revenue 2024: $67,384,490Expenses 2024: $47,562,690Net Income 2024: $19,821,8002024

Highlighted filing

2013

Revenue$31,696,575
Expenses$18,870,310
Net Income$12,826,265
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 13, 2014
Return Version
2013v3.1
Gross Receipts
$31,696,575
Mission and Program Overview

Mission

To protect the public's health and safety by working in concert with government and industry to implement comprehensive plumbing and mechanical systems around the world.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$4,440,165$4,871,933▲ $431,768
Land, Buildings, and Equipment, Net$768,707$855,150▲ $86,443
Cash and Non-Interest-Bearing Accounts$169,008$823,769▲ $654,761
Prepaid Expenses and Deferred Charges$132,315$140,672▲ $8,357
Inventories for Sale or Use$44,178$75,252▲ $31,074
Other Notes and Loans Receivable, Net$967$335▼ $632
Savings and Temporary Cash Investments-$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-
Intangible Assets-$0-
Total Assets$5,555,340$6,767,111▲ $1,211,771
Other Assets Total-$0-
Liabilities
Deferred Revenue$7,870,248$8,715,545▲ $845,297
Other Liabilities$765,024$1,048,951▲ $283,927
Accounts Payable and Accrued Expenses$62,240$23,249▼ $38,991
Total Liabilities$8,697,512$9,787,745▲ $1,090,233
Net Assets / Fund Balance
Unrestricted Net Assets$-3,142,172$-3,020,634▲ $121,538
Total Net Assets Fund Balance$-3,142,172$-3,020,634▲ $121,538
Total Liabilities and Net Assets / Fund Balance$5,555,340$6,767,111▲ $1,211,771

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$373,498$1,091,882$1,465,380
Buildings$396,867$383,751$780,618
Other Land Buildings$84,785$672,609$757,394
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel J NunezChairman
Steven NastruzVice Chairman
Alfred OrtegaDirector
Gary HamiltonDirector
James ImpresciaDirector
Donna EstradaDirector Client Svcs/Ad
Tony ZhouDirector Elec Testing
Abraham MurraDirector of Standards Development
Hari RamanathanDirector Post Listing
Anish DesaiDirector Product Certif
Jin LuoSr Director Asia Pacific Operations
Ken WijayaSr Laboratory Director
Ohannes DembekjianSr. Director Continuous Compliance
Terry LeppellereCC Inspector
Gary HileEx-Officio
Robert RiestenbergEx-Officio
Xuefeng HuangLab Dir/Gen Mgr R&T Lab Guangzhou
Oscar ZanoniVP Gov't Relations

Highest Paid Contractors

ContractorServicesLocationCompensation
Solusi Manajemen IndonesiaCertifictn Inspector-$303,759
Si-Min WuCertifictn Inspector-$269,120
Yin Chong HuaContractor-$250,759
-Certifictn Inspector-$211,579
Tian Hong MingCertifictn Inspector-$206,068
Revenue and Support

Revenue Composition

Contributions and Grants
$70,416
Program Service Revenue
$31,601,757
Investment Income
$0
Other Revenue
$24,402
Change in Net Assets
$12,826,265
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,181,363
Salaries, Compensation, and Employee Benefits$7,688,947
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,797,592
All Other Expenses---$1,974,988
Travel---$1,342,037
Other Employee Benefits---$852,628
Pension Plan Contributions---$634,241
Other Expenses---$542,637
Payroll Taxes---$404,486
Depreciation Depletion---$177,749
Insurance---$144,800
Advertising---$123,301
Fees for Services Legal---$101,351
Office Expenses---$17,046
Royalties---$1,710
Interest---$414
Total Functional Expenses$0$0$0$18,870,310
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
Lobbying 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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$611,054
Accrued Expenses and Payable$265,994
Capital Lease Obligation$151,854
Accrued Vacation Payable$19,978
Sales Tax Payable$71
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Line 6: Explanation of Classes of Members or Shareholder

The Organization has one member, International Association of Plumbing and Mechanical Officials.

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

There is no committee with authority to act on behalf of the governing body.

Form 990, Part VI, Line 11B: Form 990 Review Process

The completed Form 990 is provided to the Board of Directors before their fall board meeting. It is reviewed in detail with staff at such meeting before it is filed with the Internal Revenue Service. Minutes of the meeting are kept.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members review and sign the Code of Ethics annually. All key employees review and sign the Conflict of Interest Policy annually. The CEO reviews the signed forms to ensure compliance.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

An independent firm was hired in 2012 to perform a competitive assessment of wages and benefits. This study was reviewed by the President and Vice President of the Board of Directors when determining the compensation package for the CEO. The CEO determines compensation packages for key employees using appropriate comparable data with assistance from Human Resources.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents, except tax return, available to the public.

Form 990, Part VII, Section A, Line 1A - Officers, Directors, Trustees

The organization's Officers and Board Members were appointed on November 2, 2013. All payroll is paid by the related tax-exempt organization, International Association of Plumbing and Mechnical Officials. The salaries included here are for employees working exclusively for IAPMO Research & Testing, Inc.

Filing and Contact Details

Filer

EIN
95-4507362
Phone
9094724100

Signing Officer

Name
GP Russ Chaney
Title
CEO
Signed
2014-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Preparer
Robert C Muirhead
Phone
7144942200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Other revenue comes from ISO registration, laboratory recognition, standards, consulting income, and witness/field testing.

Form 990, Part IX, Line 24E: Other Expenses

Awards and Gifts: Column (A) - Total = $10466; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Bad Debts: Column (A) - Total = $199415; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Bank, Credit Card and Fees: Column (A) - Total = $231432; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Consultants Fees: Column (A) - Total = $37000; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Cost of Service Fees: Column (A) - Total = $142157; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Dues and Memberships: Column (A) - Total = $34469; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Equipment Rental Expense: Column (A) - Total = $26808; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Facility Rentals: Column (A) - Total = $17694; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Loss on Exchange Rate: Column (A) - Total = $6465; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Miscellaneous Expense: Column (A) - Total = $76770; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Other Professional Services: Column (A) - Total = $2980; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $95111; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $73912; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Recruitment & Staff Developmt: Column (A) - Total = $18414; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Repairs and Maintenance: Column (A) - Total = $210895; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Supplies: Column (A) - Total = $180970; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Taxes and Licenses: Column (A) - Total = $216774; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Telephone: Column (A) - Total = $115777; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Trade Shows & Promotions: Column (A) - Total = $132770; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Utilities: Column (A) - Total = $37059; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Workers Compensation Insurance: Column (A) - Total = $107650; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Other Changes In Net Assets Or Fund Balances - Other Decreases

Net contributions to related tax-exempt organizations = -$12704727

Schedule R, Part V, Transactions With Related Organizations

Management, marketing and facility expenses are shared by International Association of Plumbing and Mechanical Officials (IAPMO) and IAPMO Research & Testing, Inc. (R&T) Expenses are paid by IAPMO. Percentages have been developed to allocate and charge R&T for their share of such expenses. R&T makes contributions to IAPMO during the year that include reimbursement of the allocated expenses.

Financial Statement Notes

Part X : FIN48 Footnote

Uncertain tax positionsThe accounting standard on accounting for uncertainty in income taxes 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 that guidance, the Association 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. Examples of tax positions include the tax-exempt status of the Association and various positions related to the potential sources of unrelated business taxable income (UBTI). 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% likelihoodof being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the year ended December 31, 2013. Should any penalties and interest be incurred, the Associations policy would be to recognize them as general and administrative expenses. Generally the Associations tax returns remain open for three years for federal income tax examination and four years for state income tax examination.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8Sr Dir Asia Pacific Operations
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Director of Standards Development
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.8$17.9$6.93$67.4$47.6$19.8
2023Detailed filing. Detailed filing data is available for this year.$19.2$17.0$2.28$58.2$41.1$17.0
2022Detailed filing. Detailed filing data is available for this year.$15.8$15.9$0.10$50.6$35.4$15.2
2021Detailed filing. Detailed filing data is available for this year.$11.2$14.7$3.44$46.7$28.8$17.9
2020Detailed filing. Detailed filing data is available for this year.$9.69$13.6$3.92$44.7$29.3$15.4
2019Detailed filing. Detailed filing data is available for this year.$11.2$13.5$2.24$46.4$29.6$16.8
2018Detailed filing. Detailed filing data is available for this year.$8.78$12.8$4.00$42.3$27.7$14.6
2017Detailed filing. Detailed filing data is available for this year.$7.41$11.9$4.47$39.9$25.3$14.6
2016Detailed filing. Detailed filing data is available for this year.$7.32$11.8$4.51$37.9$22.8$15.1
2015Detailed filing. Detailed filing data is available for this year.$6.68$11.1$4.40$34.1$21.2$12.9
2014Detailed filing. Detailed filing data is available for this year.$6.70$10.5$3.84$32.9$19.7$13.2
2013Detailed filing. Detailed filing data is available for this year.$6.77$9.79$3.02$31.7$18.9$12.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.56$8.70$3.14$17.6
2011Summary only. Only limited summary data is available for this year.$5.70$8.51$2.81$28.8$17.4$11.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.40$8.23$2.83$16.7
Peer Organizations

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