Ipc International INC EIN 23-7091810 Form 990 (PDF) Claim this org

Ipc International INC

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Helps electronics industry members compete and succeed globally. For fiscal year 2024 it reported $48.6M in revenue, $45.3M in expenses, and $33.2M in net assets.Pt I

Founded
1957
Type
Business league / trade association · Nonprofit
Location
Bannockburn, IL
Website
www.ipc.org
Filings
5 on file (2020–2024)
Revenue
$48.6MFY2024
Expenses
$45.3M
Net assets
$33.2M
People
36
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7091810 Business league / trade association Bannockburn, IL Founded 1957
Form 990 (PDF)
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Figures match the IRS filing checked 7/9/26 · see original: IRS
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Size
$10–100M
What they do
Helps electronics industry members compete and succeed globally.
Leadership
John Mitchell · President/CEO · $2.7M
Money in and out
$48.6M revenue, $45.3M expenses
Bottom line
+7% operating surplus
Membership & operating revenue · FY2024
Total revenue
$48.6M
Pt VIII · Ln 12
Total expenses
$45.3M
Pt IX · Ln 25
Net assets
$33.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.3M
Operating surplus
+7%
revenue over expenses▼ -13% vs prior filing year
Earned revenue
83%
of revenue from program services & dues▼ -2% vs prior filing year
Payroll share
48%
of spending is salaries & benefits▼ -6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$48.6M
FY2024▲ +12%
Expenses
$45.3M
FY2024▲ +13%
Total assets
$46.6M
FY2024▲ +3%
Total liabilities
$13.3M
FY2024▼ -17%
Total revenue
$48.6M
Pt VIII · Ln 12
Total expenses
$45.3M
Pt IX · Ln 25
Net assets
$33.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.3M
Total assetsPt X · Ln 16$46.6M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIpc International INC
EINHdr · item D23-7091810
Principal addressHdr · item CBannockburn, IL
WebsiteHdr · item Jwww.ipc.org
Year of formationHdr · item L1957
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/CEO
$2,667,108Pt VII · Sec A
VP Government Relations
$478,178Pt VII · Sec A
President Europe Operation
$417,413Pt VII · Sec A
VP Standards and Technology
$415,398Pt VII · Sec A
$408,993Pt VII · Sec A
VP Education & Certification
$401,607Pt VII · Sec A
$385,342Pt VII · Sec A
SR Director Govt Relations
$229,493Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
John Mitchell$2,667,108$1,654,171$1,492,129$1,355,262$1,380,018
Chris Mitchell$478,178$440,690$374,942$317,871$324,815
Sanjay Huprikar$417,413$422,185$377,141$329,063$336,473
David Bergman$415,398$420,473$376,158$324,739$329,600
Tom Sandman$408,993$414,764$370,553$322,617$329,991
David Hernandez$401,607$390,254$363,464$278,606$244,300
Brian Knier$385,342$379,044$354,790$286,808$293,206
Philip Carmichael$288,763

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Ipc devotes its resources to management improvement and technology enhancement programs, the creation of relevant standards, the protection of the environment, and pertinent government relations. Approximately 3,203 member companies worldwide participate in ipc's programs.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$40.6M · 83%
Other revenue$6.9M · 14%
Investment income$1.1M · 2%
Program service revenue83%$40.6M
Other revenue14%$6.9M
Investment income2%$1.1M
Total revenueLn 12$48.6M

Balance Sheet

Part X · end of year
CashLn 1$9.0M
Total assetsLn 16$46.6M
Total liabilitiesLn 26$13.3M
Total net assetsLn 32$33.2M
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $34.3M · Operating expenses/yr $45.3M
9.1 months
Where the money goes
Program services
Program services — · Total expenses $45.3M
Management & General
Management & general — · Total expenses $45.3M
Fundraising
Fundraising — · Total expenses $45.3M
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $48.6M
0%
Government reliance
Government grants — · Total revenue $48.6M
Earned-income share
Program service revenue $40.6M · Total revenue $48.6M
83%
Investment reliance
Investment income $1.1M · Total revenue $48.6M
+2%
Program self-sufficiency
Program service revenue $40.6M · Total expenses $45.3M
90%
Growth & trend
Revenue growth (YoY)
This year $48.6M · Prior year $43.3M
+12%
Revenue CAGR
FY2020 $30.1M · FY2024 $48.6M
+13%
Net-asset trend (YoY)
End of year $33.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $48.6M · Expenses $45.3M
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $46.6M
Net-asset ratio
Net assets $33.2M · Total assets $46.6M
71%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $25.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $46.6M
54%
People & payroll
Highest Reported Total Compensation
Individual John Mitchell · Reported title PRESIDENT/CEO · Highest reported compensation $2.7M · Total expenses $45.3M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $21.8M · Total expenses $45.3M
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 12%
Legal fee ratio 0.2%
Accounting fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$25K
Grants paid · 4 grants · $773K · 2021–2024
Ipc Education FoundationIL · FY2024$22,573
Ipc Education FoundationIL · FY2023$250,000
Ipc Education FoundationIL · FY2022$250,000
Ipc Education FoundationIL · FY2021$250,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$48.6M revenue · viewing · ⤓ 990 PDF
FY2023$43.3M revenue · ⤓ 990 PDF
FY2022$39.1M revenue · ⤓ 990 PDF
FY2021$30.8M revenue · ⤓ 990 PDF
FY2020$30.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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