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Iapmo Research and Testing INC FY2020 filing

Not tax-deductible

Ontario, CA501(c)(6)Since 1995EIN 95-4507362Revenue $44.7M in FY2020

On file with the IRSiapmo.org4755 E Philadelphia St, 91761-2810 · Ontario, CATax-exempt since Mar 1995

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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.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $17.1M a year · 32% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13.6M
140% of total assets
Concern: liabilities are 140% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$44.7M
Spent
$29.3M
To programs
0%
Net assets
−$3.9M
By yearFY2020–FY2024
Revenue
$44.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$44.7M
FY2021$46.7M
FY2022$50.6M
FY2023$58.2M
FY2024$67.4M
Expenses
$29.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$29.3M
FY2021$28.8M
FY2022$35.4M
FY2023$41.1M
FY2024$47.6M
Net assets
−$3.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$3.9M
FY2021−$3.4M
FY2022−$103K
FY2023$2.3M
FY2024$6.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
Jin Luo
Evp-Lab Reco
$0Pt VII · Sec A
Ken Wijaya
Evp-R&t Lab
$0Pt VII · Sec A
Ohannes Dembekjian
Evp-Cont Com
$0Pt VII · Sec A
Thomas Palkon
Evp-Asse&wat
$0Pt VII · Sec A
Shirley Dewi
Svp--Quality
$0Pt VII · Sec A
Anish Desai
Vp-Product C
$0Pt VII · Sec A
Xuefeng Huang
Lab Director
$0Pt VII · Sec A
Carlos Gross
Compliance I
$0Pt VII · Sec A
See Iapmo Research and Testing INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Tests, researches, and provides technical services for plumbing and mechanical industries.

Questions for Iapmo Research and Testing INC

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

Provide 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.

Pt IX · col B
02

Provide listing services for plumbing and mechanical products manufactured in accordance with acceptable standards to producers of plumbing and mechanical products sold in north america.

Pt IX · col B
03

Provide product testing for plumbing and mechanical products manufactured in accordance with acceptable standards to producers of plumbing and mechanical products sold in north america.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$44.7M
Ln 12
Fees for servicesLn 2g$44.6M
Investment incomeLn 3$49K
Other incomeLn 4–11$21K
Money outPt IX
$29.3M
Ln 25
Owns and owesPt X
−$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$9.7M
LiabilitiesLn 26$13.6M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$44.6M
Investment incomeLn 3$49K
Other incomeLn 4–11$21K
Total revenueLn 12$44.7M
Assets in detailPt X, end of year
CashLn 1$318K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$992K
Total assetsLn 16$9.7M
LiabilitiesLn 26$13.6M
Net assetsLn 32−$3.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.7M$1.5M
InvestmentsLn 11–13$310K$1.2M
Land, buildings, equipmentLn 10c$1.1M$992K
Total assetsLn 16$11.2M$9.7M
LiabilitiesLn 26$13.5M$13.6M
Net assetsLn 32−$2.2M−$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$10.0M
Pension plan contributionsLn 8$1.2M
Other employee benefitsLn 9$1.6M
Payroll taxesLn 10$651K
Legal feesLn 11b$136K
Other fees for servicesLn 11g$1K
Advertising and promotionLn 12$71K
Office expensesLn 13$104K
TravelLn 17$339K
InterestLn 20$2K
Depreciation, depletion and amortizationLn 22$217K
InsuranceLn 23$359K
Other expenses (24a–d)Ln 24$13.1M
All other expensesLn 24e$1.6M
Total functional expensesLn 25$29.3M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $67.4M$47.6M$19.8M$6.9M 990 PDF
FY2023 $58.2M$41.1M$17.0M$2.3M 990 PDF
FY2022 $50.6M$35.4M$15.2M−$103K 990 PDF
FY2021 $46.7M$28.8M$17.9M−$3.4M 990 PDF
FY2020 Viewing $44.7M$29.3M$15.4M−$3.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $44,653,285 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $46,346,091$44,583,530
I-10 Investment incomePrior year $22,503$48,617
I-11 Other revenuePrior year $29,196$21,138
I-12 Total revenuePrior year $46,397,790$44,653,285
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $12,442,438$13,396,260
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $17,192,067$15,866,328
I-18 Total expensesPrior year $29,634,505$29,262,588
I-19 Revenue less expensesPrior year $16,763,285$15,390,697
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $44,653,285 across 4 lines filed
Lines not itemized here account for $1,133,272 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $43,450,258$43,450,258
VIII-3 Investment incomeExcluded from tax $48,617$48,617
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $16,235 · Unrelated business $4,903$21,138
VIII-12 Total revenueRelated to mission $44,599,765 · Unrelated business $4,903 · Excluded from tax $48,617$44,653,285
Part IX · Statement of functional expenses $29,262,588 across 14 lines filed
IX-7 Other salaries and wages$9,998,067
IX-8 Pension plan contributions$1,183,456
IX-9 Other employee benefits$1,564,152
IX-10 Payroll taxes$650,585
IX-11b Legal fees$136,456
IX-11g Other fees for services$1,324
IX-12 Advertising and promotion$71,440
IX-13 Office expenses$103,950
IX-17 Travel$339,243
IX-20 Interest$1,533
IX-22 Depreciation, depletion and amortization$217,120
IX-23 Insurance$358,602
IX-24 Other expenses (24a–d)$13,083,497
IX-24e All other expenses$1,553,163
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$29,262,588
Part X · Balance sheet $9,694,406 assets, 15 lines filed
Asset lines not itemized here account for $34,886; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $683,181$318,275
X-2 Savings and temporary cash investmentsStart of year $2,005,474$1,145,980
X-4 Accounts receivableStart of year $6,720,733$5,821,850
X-8 Inventories for sale or useStart of year $38,058$36,563
X-9 Prepaid expenses and deferred chargesStart of year $280,366$120,090
X-10c Land, buildings and equipment, netStart of year $1,113,351$992,427
X-11 Publicly traded securitiesStart of year $309,569$1,224,335
X-16 Total assetsStart of year $11,243,691$9,694,406
X-17 Accounts payable and accrued expensesStart of year $276,108$51,718
X-19 Deferred revenueStart of year $11,355,183$11,945,871
X-25 Other liabilitiesStart of year $1,857,315$1,618,106
X-26 Total liabilitiesStart of year $13,488,606$13,615,695
X-27 Net assets without donor restrictionsStart of year −$2,244,915−$3,921,289
X-32 Total net assets or fund balancesStart of year −$2,244,915−$3,921,289
X-33 Total liabilities and net assetsStart of year $11,243,691$9,694,406
Part XI · Reconciliation of net assets −$3,921,289 net assets at year end
XI-1 Total revenue$44,653,285
XI-2 Total expenses$29,262,588
XI-3 Revenue less expenses$15,390,697
XI-4 Net assets at start of year−$2,244,915
XI-9 Other changes in net assets−$17,067,071
XI-10 Net assets at end of year−$3,921,289

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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