Civic Intelligence

Iapmo Research and Testing Inc

990 • Fiscal year 2019 • EIN 95-4507362

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

5001 E Philadelphia StreetOntario, CA 91761-2816

(909) 472-4100

Siviq Scores

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

Liabilities / Assets

97th percentile

1.20x

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

2019 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

34th percentile

0.29x

Higher debt load relative to revenue than 34% of similar nonprofits.

2019 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2019

Net Margin

91st percentile

36%

Higher net margin than 91% of similar nonprofits.

2019 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

47th percentile

$517,359

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2019 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2019

Asset Growth

93rd percentile

28%

Faster asset growth than 93% of similar nonprofits.

2019 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

68th percentile

9.6%

Faster revenue growth than 68% of similar nonprofits.

2019 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$11,243,691

Up $2,460,307 (+28%) from 2018

Net Assets

Up

-$2,244,915

Up $1,751,834 (+44%) from 2018

Liabilities

Up

$13,488,606

Up $708,473 (+5.5%) from 2018

Revenue

Up

$46,397,790

Up $4,072,800 (+9.6%) from 2018

Expenses

Up

$29,634,505

Up $1,938,918 (+7.0%) from 2018

Net Income

Up

$16,763,285

Up $2,133,882 (+15%) from 2018

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

2019

Assets$11,243,691
Liabilities$13,488,606
Net Assets-$2,244,915

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

2019

Revenue$46,397,790
Expenses$29,634,505
Net Income$16,763,285
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$46,421,912
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$5,173,323$6,720,733▲ $1,547,410
Savings and Temporary Cash Investments$916,396$2,005,474▲ $1,089,078
Land, Buildings, and Equipment, Net$1,192,602$1,113,351▼ $79,251
Cash and Non-Interest-Bearing Accounts$344,706$683,181▲ $338,475
Investments in Publicly Traded Securities$815,453$309,569▼ $505,884
Prepaid Expenses and Deferred Charges$216,351$280,366▲ $64,015
Other Notes and Loans Receivable, Net$81,062$92,959▲ $11,897
Inventories for Sale or Use$43,491$38,058▼ $5,433
Total Assets$8,783,384$11,243,691▲ $2,460,307
Liabilities
Deferred Revenue$11,265,106$11,355,183▲ $90,077
Other Liabilities$1,471,210$1,857,315▲ $386,105
Accounts Payable and Accrued Expenses$43,817$276,108▲ $232,291
Total Liabilities$12,780,133$13,488,606▲ $708,473
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,996,749$-2,244,915▲ $1,751,834
Total Net Assets Fund Balance$-3,996,749$-2,244,915▲ $1,751,834
Total Liabilities and Net Assets / Fund Balance$8,783,384$11,243,691▲ $2,460,307

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$574,847$1,553,210$2,128,057
Leasehold Improvements$436,932$764,437$1,201,369
Other Land Buildings$101,572$612,681$714,253
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jin LuoEvp-lab RecoFT$474,565$474,565
Ohannes DembekjianEvp-cont COMFT$466,964$466,964
Thomas PalkonEvp-asse&watFT$417,466$417,466
Shirley DewiSVP--qualityFT$275,042$275,042
Tony ZhouVP-engineeriFT$247,188$247,188
Oscar ZanoniVP-certificaFT$237,525$237,525
Anish DesaiVP-product CFT$235,999$235,999

Board Members and Trustees

NameTitle
David GansChairman
Steve PanelliVice Chairma
Dana ColomboDirector
Jeremy StettlerDirector
Rex CrawfordDirector
Xuefeng HuangLab Director
Gp Russ ChaneyCEO
Thomas PalkonEvp-asse&water Syste
Ohannes DembekjianEvp-cont Compliance
Jin LuoEvp-lab Recognition
Ken WijayaEvp-r&t Lab
David StraubEx-officio M
Martin CooperSecretary
Shirley DewiSVP--quality Assuran
Carlos Flores IiiTreasurer
Oscar ZanoniVP-certification Pro
Tony ZhouVP-engineering Egs
Anish DesaiVP-product Certifica

Highest Paid Contractors

ContractorServicesLocationCompensation
Stuidio QrsCertifictn InspTALSTR 23 A, NANSANHUAN EAST RD 27, Wickede, RUHR, Gm$285,787
Si-min WuCertifictn InspRM 503504 BLDG C FANQUIN, NANSANHUAN EAST RD 27, Beijing, FENGTAI DISTRICT, Ch$259,968
Tian Hong MingCertifictn InspVIA IRTA 60258015, NANSANHUAN EAST RD 27, Desenzano Del Garda, FENGTAI DISTRICT, It$207,844
Yin Chong HuaCertifictn InspRM 503504 BLDG C FANQUIN, Beijing, FENGTAI DISTRICT, Ch$190,848
-Certifictn InspRM 503504 BLDG C FANQUIN, Beijing, Ch$181,123
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$46,346,091
Investment Income
$22,503
Other Revenue
$29,196
Change in Net Assets
$16,763,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,192,067
Salaries, Compensation, and Employee Benefits$12,442,438
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$9,235,347
All Other Expenses---$1,826,319
Travel---$1,487,161
Other Employee Benefits---$1,455,521
Pension Plan Contributions---$1,133,946
Other Expenses---$788,324
Payroll Taxes---$617,624
Insurance---$329,892
Depreciation Depletion---$241,415
Office Expenses---$159,824
Advertising---$50,647
Fees for Services Legal---$31,405
Interest---$3,136
Fees for Services Other---$1,304
Total Functional Expenses$0$0$0$29,634,505
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$1,352,740
Accrued Expenses and Payable$424,695
Accrued Vacation Payable$46,396
Capital Lease Obligation$33,484
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 6

The organization has one member, international association of plumbing and mechanical officials.

Form 990, Page 6, Part VI, Line 7A

The organization's member appoints directors to serve on the board.

Form 990, Page 6, Part VI, Line 8B

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

Form 990, Page 6, Part VI, Line 11B

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, Page 6, Part VI, Line 12C

All board members review and sign the code of ethics annually. All employees review and sign the conflict of interest policy annually. The ceo reviews the signed forms to ensure compliance.

Form 990, Page 6, Part VI, Line 15A

An independent firm was hired in 2018 to perform another competitive assessment of wages of the ceo, coo and approximately 60 staff positions at various levels, including all key staff.

Form 990, Page 6, Part VI, Line 15B

An independent firm was hired in 2018 to perform another competitive assessment of wages of the ceo, coo and approximately 60 staff positions at various levels, including all key staff. Key employees reported on form 990, sch j consist of those employees that received in excess of 150,000 of reportable compensation during 2019 and meet the responsibility test.

Form 990, Page 6, Part VI, Line 19

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, 2019. 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., iapmo testing and services, llc and asse international chapter of iapmo.

Filing and Contact Details

Filer

Filer Name
Iapmo Research and Testing Inc
EIN
95-4507362
Phone
9094724100
Address
5001 E PHILADELPHIA STREET, ONTARIO, CA 91761-2816

Signing Officer

Name
Gp Russ Chaney
Title
CEO
Phone
9094724100
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gp Russ Chaney
Formed
1995
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Miller Giangrande Llp
Address
915 W IMPERIAL HWY STE 110, BREA, CA 92821
Preparer
April a Shanebeck
Phone
7144942200
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Other revenue comes from iso registration, laboratory recognition, standards, consulting income, and witness/field testing.

Form 990, Part XI, Line 9

Net contributions to related tax-exempt organizati -15,011,451

Financial Statement Notes

Schedule D, Page 3, Part X

Uncertain tax positions the 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% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the year ended december 31, 2019. 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/TitleTxt0EVP-R&T LAB
IRS990/Form990PartVIISectionAGrp/TitleTxt1EVP-LAB RECO
IRS990/Form990PartVIISectionAGrp/TitleTxt2EVP-CONT COM
IRS990/Form990PartVIISectionAGrp/TitleTxt3EVP-ASSE&WAT
IRS990/Form990PartVIISectionAGrp/TitleTxt4SVP--QUALITY
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP-ENGINEERI
IRS990/Form990PartVIISectionAGrp/TitleTxt6LAB DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP-CERTIFICA
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP-PRODUCT C
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14EX-OFFICIO M
IRS990/Form990PartVIISectionAGrp/TitleTxt15CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
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IRS990/MissionDesc0TO 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.
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IRS990/OtherExpensesGrp/Desc1OUTSIDE SERVICE
IRS990/OtherExpensesGrp/Desc2ALLOCATED MARKETING FEE
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IRS990/ProgramServiceRevenueGrp/Desc0RESEARCH LISTINGS
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IRS990/ProgramServiceRevenueGrp/Desc2PRODUCT TESTING
IRS990/ProgramServiceRevenueGrp/Desc3CERTIFICATIONS & EXAMS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4597851
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE LISTING SERVICES FOR PLUMBING PRODUCTS MANUFACTURED IN ACCORDANCE WITH ACCEPTABLE STANDARDS TO PRODUCERS OF PLUMBING PRODUCTS SOLD IN THE UNITED STATES AND CANADA.
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE LISTING COMPLIANCE INSPECTIONS FOR PLUMBING PRODUCTS MANUFACTURED IN ACCORDANCE WITH ACCEPTABLE STANDARDS TO PRODUCERS OF PLUMBING PRODUCTS SOLD IN THE UNITED STATES AND CANADA.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER REVENUE COMES FROM ISO REGISTRATION, LABORATORY RECOGNITION, STANDARDS, CONSULTING INCOME, AND WITNESS/FIELD TESTING.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED EXPENSES AND PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED VACATION PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CAPITAL LEASE OBLIGATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNCERTAIN TAX POSITIONS THE 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% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED DECEMBER 31, 2019. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalLiabilityAmt01857315

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