Industrial Designers Society of America Inc

EIN: 132517431

Herndon, VA

Total Revenue
$3,001,227
Total Expenses
$3,193,023
Total Assets
$1,931,682
Net Assets
$1,469,832
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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
VA
Principal Officer
Donte Shannon
Phone
7037076000
Tax Period
2023-01-01 to 2023-12-31

Industrial Designers Society of America Inc, founded in 1964, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2018. Expenses of $2.7M left a modest 5% surplus.

Mission

To promote the study and practice of industrial design.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $175,376
Program Service Revenue $2,789,161
Investment Income $36,707
Other Revenue $-17
TOTAL REVENUE $3,001,227

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,473,674
Fundraising Expenses $0
Other Expenses $1,719,349
TOTAL EXPENSES $3,193,023

Year-over-Year Comparison

2023 2022 Change
Revenue $3,001,227 $2,848,859 +0.1%
Expenses $3,193,023 $2,598,372 +0.2%
Net Income $-191,796 $250,487 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
15
Volunteers
150

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$432,482
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lindsey Maxwell Chair 5.00
Officer Director
$0 $0 $0
Jason Belaire Chair Emeritus 5.00
Officer Director
$0 $0 $0
Jorge Paricio Secretary/Treasurer 5.00
Officer Director
$0 $0 $0
Caterina Rizzoni At-Large Director, Conferences 3.00
Director
$0 $0 $0
Surya Vanka Chapter Director 3.00
Director
$0 $0 $0
Stephan Clambaneva Sections Director 3.00
Director
$0 $0 $0
Sheng-Hung Lee At-Large Director, Awards 3.00
Director
$0 $0 $0
Verena Paepcke-Hjeltness Education Director 3.00
Director
$0 $0 $0
Lisa Brenner Chief Financial Officer 35.00
Officer
$145,224 $18,239 $163,463
Jerry Layne COO/Interim ED (Jan-Aug 2023) 35.00
Officer
$155,448 $11,836 $167,284
Donte Shannon Executive Director (Aug-Dec) 35.00
Officer
$98,501 $3,234 $101,735
Allan Gordon Sr. Director of Customer Information System 35.00
Highest
$108,385 $11,790 $120,175
Carrie Green Director of Conferences & Events 35.00
Highest
$113,885 $1,229 $115,114
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,001,227 $3,193,023 $1,931,682 $-191,796
2022 $2,848,859 $2,598,372 $1,990,735 $250,487
2021 $2,391,512 $2,134,225 $1,722,653 $257,287
2020 $2,178,775 $2,048,717 $1,427,176 $130,058
2019 $2,600,292 $2,567,703 $1,286,105 $32,589
2018 $2,818,241 $2,663,377 $1,297,607 $154,864
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