Civic Intelligence

Iapmo Research and Testing Inc

990 • Fiscal year 2023 • EIN 95-4507362

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

94th percentile

0.88x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

25th percentile

0.29x

Higher debt load relative to revenue than 25% of similar nonprofits.

2023 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2023

Net Margin

89th percentile

29%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

35th percentile

$600,080

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2023 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2023

Asset Growth

77th percentile

22%

Faster asset growth than 77% of similar nonprofits.

2023 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

15%

Faster revenue growth than 65% of similar nonprofits.

2023 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$19,242,887

Up $3,419,442 (+22%) from 2022

Net Assets

Up

$2,284,701

Up $2,387,639 (+2319%) from 2022

Liabilities

Up

$16,958,186

Up $1,031,803 (+6.5%) from 2022

Revenue

Up

$58,178,492

Up $7,611,823 (+15%) from 2022

Expenses

Up

$41,142,055

Up $5,758,367 (+16%) from 2022

Net Income

Up

$17,036,437

Up $1,853,456 (+12%) from 2022

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

2023

Assets$19,242,887
Liabilities$16,958,186
Net Assets$2,284,701

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

2023

Revenue$58,178,492
Expenses$41,142,055
Net Income$17,036,437
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$58,178,492
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$7,875,259$8,209,472▲ $334,213
Investments in Publicly Traded Securities$4,566,879$6,125,494▲ $1,558,615
Cash and Non-Interest-Bearing Accounts$539,919$2,560,261▲ $2,020,342
Land, Buildings, and Equipment, Net$1,483,843$1,798,802▲ $314,959
Savings and Temporary Cash Investments$751,139--
Prepaid Expenses and Deferred Charges$303,413$270,795▼ $32,618
Other Notes and Loans Receivable, Net$60,546$65,306▲ $4,760
Inventories for Sale or Use$35,159$28,438▼ $6,721
Total Assets$15,823,445$19,242,887▲ $3,419,442
Other Assets Total$207,288$184,319▼ $22,969
Liabilities
Deferred Revenue$13,076,523$13,950,702▲ $874,179
Other Liabilities$2,337,387$2,931,281▲ $593,894
Accounts Payable and Accrued Expenses$512,473$76,203▼ $436,270
Total Liabilities$15,926,383$16,958,186▲ $1,031,803
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-102,938$2,284,701▲ $2,387,639
Total Net Assets Fund Balance$-102,938$2,284,701▲ $2,387,639
Total Liabilities and Net Assets / Fund Balance$15,823,445$19,242,887▲ $3,419,442

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,042,461$1,647,259$2,689,720
Leasehold Improvements$676,359$951,442$1,627,801
Other Land Buildings$79,982$711,255$791,237
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jin LuoEvp-lab RecoFT$534,351$534,351
Ohannes DembekjianEvp-cont COMFT$514,886$514,886
Anish DesaiVP-product CFT$324,368$324,368
Shirley DewiSVP-qualityFT$322,935$322,935
Oscar ZanoniVP-certificaFT$294,283$294,283
Donna EstradaSVP-lab ServFT$253,479$253,479

Board Members and Trustees

NameTitle
Steve PanelliChairman
Jeremy StettlerVice Chairma
Jason ShankDirector
Jeremy DiazDirector
John NielsenDirector
Xuefeng HuangLab Director
David ViolaCEO
Ohannes DembekjianEvp-cont Compliance
Jin LuoEvp-lab Recognition
Ken WijayaEvp-r&t Lab
Brian HamnerSecretary/ex
Donna EstradaSVP-lab Services
Shirley DewiSVP-quality Assuran
Oscar ZanoniVP-certification Pro
Anish DesaiVP-product Certifica

Highest Paid Contractors

ContractorServicesLocationCompensation
Bcs LaboratoriesTesting Service4609 NW 6TH STREET STE A, NANSANHUAN EAST RD 27, Gainsville, FL 32609, Ch$349,474
Rangel Universal Iso CertificationIso Auditor4540 GROTHAM LANE, Martinez, CA 94553, Gm$306,682
Bosconian InternationalIso Auditor20516 ROMAR LANE, Santa Clarita, CA 91350$270,920
-Certifictn Insp-$267,980
-Certifictn Insp-$208,659
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$58,014,311
Investment Income
$157,222
Other Revenue
$6,959
Change in Net Assets
$17,036,437
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,904,703
Salaries, Compensation, and Employee Benefits$16,237,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$11,775,083
Other Employee Benefits---$2,219,528
All Other Expenses---$1,831,117
Pension Plan Contributions---$1,437,847
Travel---$1,267,918
Payroll Taxes---$804,894
Other Expenses---$516,027
Insurance---$341,689
Depreciation Depletion---$326,728
Office Expenses---$113,931
Fees for Services Legal---$82,394
Advertising---$8,985
Fees for Services Other---$699
Total Functional Expenses$0$0$0$41,142,055
International Activity

International Summary

Offices
2
Employees
11
Spending
$1,529,476

International Compliance

Foreign grant records maintained
No
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
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the Pacific (indonesia)Program ServicesProduct Testing19$1,207,573
North America (mexico)Program ServicesProduct Testing12$321,903
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$2,160,136
Accrued Expenses and Payables$663,995
Lease Liability$64,628
Accrued Vacation Payable$42,522
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. 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 2021 to perform another competitive assessment of wages of approximately 70 staff positions at various levels, including key staff.

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

An independent firm was hired in 2021 to perform another competitive assessment of wages of approximately 70 staff positions at various levels, including 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 2021 and meet the responsibility test.

Form 990, Page 6, Part VI, Line 19

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

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
David Viola
Title
CEO
Phone
9094724100
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Viola
Formed
1995
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Miller Giangrande Llp
Address
145 S STATE COLLEGE BLVD STE 160, BREA, CA 92821-5824
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 V, Line 4B

INDONESIA, MEXICO

Form 990, Part XI

Section a, line 1a - officers, directors, trustees the organization's officers and board members were appointed on november 9, 2021. 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.

Form 990, Part XI, Line 9

Net contributions to related tax-exempt organizati -14,754,541

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 the 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, 2023. Should any penalties and interest be incurred, the association's policy would be to recognize them as general and administrative expenses. Generally the association's tax returns remain open for three years for federal income tax examination and four years for state income examination.

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IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE LISTING COMPLIANCE INSPECTIONS FOR PLUMBING AND MECHANICAL PRODUCTS MANUFACTURED IN ACCORDANCE WITH ACCEPTABLE STANDARDS TO PRODUCERS OF PLUMBING AND MECHANICAL PRODUCTS SOLD IN NORTH AMERICA.
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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 THE 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, 2023. SHOULD ANY PENALTIES AND INTEREST BE INCURRED, THE ASSOCIATION'S POLICY WOULD BE TO RECOGNIZE THEM AS GENERAL AND ADMINISTRATIVE EXPENSES. GENERALLY THE ASSOCIATION'S TAX RETURNS REMAIN OPEN FOR THREE YEARS FOR FEDERAL INCOME TAX EXAMINATION AND FOUR YEARS FOR STATE INCOME EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1321903
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC (INDONESIA)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1NORTH AMERICA (MEXICO)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PRODUCT TESTING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1PRODUCT TESTING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROGRAM SERVICES
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0EAST ASIA AND THE PACIFIC (INDONESIA) 1,207,573 0 NORTH AMERICA (MEXICO) 321,903 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3
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IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)6 • $50M-$100M nonprofits