2025-11-12T14:04:23-06:00 2024-12-31 881478669 CBIZ ADVISORS LLC 1601 MARKET ST 4TH FLOOR PHILADELPHIA PA 19103 990 2024-01-01 060952238 INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATION INC INTE 8504761156 5101 12TH AVENUE C PENSACOLA FL 32504 LAURENCE DRUMMOND EXECUTIVE DIRECTOR 8504761156 2025-11-12 1 1 AARON M FOX P01365820 2152972100 2025-11-11 2024 2025-03-06 01:10:19Z LAURENCE DRUMMOND 5101 12TH AVENUE C PENSACOLA FL 32504 6098601 0 X WWW.IPMI.ORG X 1976 CT EDUCATE MEMBERS AND GENERAL PUBLIC ON ISSUES CONCERNING PRECIOUS METALS 12 12 0 12 990 0 142198 149612 644992 697125 27825 1691 11036 10572 826051 859000 97522 93562 0 0 0 0 0 0 0 589213 686662 686735 780224 139316 78776 1335760 1531909 1229 0 1334531 1531909 EDUCATE MEMBERS AND GENERAL PUBLIC ON ISSUES CONCERNING PRECIOUS METALS 0 0 621766 93562 697669 AWARDS PROGRAM - FOR ACHIEVEMENTS, CONTRIBUTIONS TO THE EDUCATIONAL INSTITUTIONS, RESEARCH AND OTHER EFFORTS WHICH ARE VALUABLE TO THE PRECIOUS METALS INDUSTRY 1500 8910 THE IPMI JOURNAL IS A PUBLICATION OF THE INTERNATIONAL PRECIOUS METALS EDUCATIONAL AND SCIENTIFIC FOUNDATION. THIS DIGITAL PEER REVIEWED PUBLICATION HAS BEEN CREATED AS A VEHICLE FOR THE SHARING OF TECHNICAL INFORMATION RELATED TO THE SCIENCE AND TECHNOLOGY OF PRECIOUS METALS. DUE TO THE BREADTH OF IMPORTANT TOPICS RELATED TO ALL ASPECTS OF PRECIOUS METALS, IT HAS BEEN THE VISION OF THE IPMI TO PROVIDE A PUBLICATION AVAILABLE TO OUR MEMBERS THAT WOULD BECOME A KEY SOURCE OF PERTINENT TOPICS CONTAINING HIGH QUALITY PUBLICATIONS BY EXPERTS IN THEIR FIELDS OF STUDY. THE JOURNAL WILL NOT ONLY COMMUNICATE STATE OF THE ART DISCOVERIES AND SOUND PRACTICES, BUT WILL ALSO REVIEW HISTORICAL COMMUNICATIONS FROM THE IPMI'S ARCHIVES THAT HAVE VALUE AND USE EVEN IN TODAY'S ENVIRONMENT. 623266 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X SANDRA ARRANTS 8504761156 5101 12TH AVENUE SUITE C PENSACOLA FL 32504 DAVID DEUEL TREASURER 1.00 1.00 X X 0 0 0 REGINE ALBRECHT BOARD MEMBER 1.00 X 0 0 0 CORBY ANDERSON BOARD MEMBER 1.00 X 0 0 0 RON DAVIES BOARD MEMBER 1.00 X 0 0 0 ROBERT IANNIELLO BOARD MEMBER 1.00 X 0 0 0 JONATHAN JODRY BOARD MEMBER 1.00 X 0 0 0 SCOTT SCHWARTZ COMPLIANCE OFFICER 1.00 1.00 X X 0 0 0 SIMON CODRINGTON VICE PRESIDENT 1.00 1.00 X X 0 0 0 JONATHAN BUTLER PRESIDENT (AS OF JUNE 2024) 1.00 1.00 X X 0 0 0 MARK CAFFAREY PRESIDENT (UNTIL JUNE 2024) 1.00 1.00 X X 0 0 0 JOHN DOUREKAS MARKETING OFFICER 1.00 1.00 X X 0 0 0 THOMAS RIELLY SECRETARY 1.00 X X 0 0 0 LOU BRITTON BOARD MEMBER 1.00 X 0 0 0 LAURENCE DRUMMOND EXECUTIVE DIRECTOR 2.00 35.00 X 0 208749 0 0 208749 0 0 0 1 0 0 82605 67007 149612 SEMINAR 561000 417425 417425 ANNUAL CONFERENCE 561000 269800 269800 PUBLICATION REVENUE 513190 9900 8910 990 697125 194 194 128 128 5241098 5239601 1497 1497 1497 OTHER 900099 10444 10444 10444 859000 706579 990 1819 93562 93562 13458 13458 517138 517138 ADMINISTRATIVE EXPENSES 125000 125000 CREDIT CARD FEES 18500 18500 MISCELLANEOUS 11066 11066 PUBLICATIONS 1500 1500 780224 623266 156958 0 6049 4202 28768 169036 174215 174215 0 0 1300943 1348671 0 10000 1335760 1531909 1229 0 1229 0 X 949273 1121897 385258 410012 1334531 1531909 1335760 1531909 78776 118602 0 X X 0 1 X 1 0 X 35000 169740 132349 142198 149612 628899 9450 397046 531759 644992 697125 2280372 44450 566786 664108 787190 846737 2909271 0 119821 119821 119821 119821 2789450 11799 5046 278 322 17445 11799 5046 278 322 17445 11036 10444 21480 44450 578585 669154 798504 857503 2948196 0.94620 0.97470 0.00590 0.02010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 427322 35198 52508 410012 381350 24940 -21032 427322 425989 -43155 1484 381350 372220 4000 55442 5673 425989 370608 6612 5000 372220 1.00000 0 0 174215 174215 0 0 X PART V, LINE 4: CONSISTENT WITH THE TERMS OF THE ENDOWMENT, THE BOARD OF DIRECTORS MAY AUTHORIZE EDUCATIONAL SCHOLARSHIPS OR GRANTS WITHIN THE PARAMETERS DICTATED IN THE ENDOWMENT AGREEMENT. THE ENDOWMENT FUND SHALL MAKE AWARDS WHICH CONSIST OF THE NET INVESTMENT INCOME GENERATED BY THE INVESTMENTS AND AS MUCH OF THE PRINCIPAL OF THE FUND NECESSARY TO PROVIDE FULL PAYMENT OF THE AWARD. THE INSTITUTE HAS ADOPTED AN INVESTMENT POLICY THAT, IN THE ADMINISTRATION OF ITS POWERS TO APPROPRIATE APPRECIATION, TO MAKE AND RETAIN INVESTMENTS, AND TO DELEGATE INVESTMENT MANAGEMENT OF INSTITUTIONAL FUNDS, IT WILL EXERCISE ORDINARY BUSINESS CARE AND PRUDENCE WHILE GIVING FULL EFFECT TO ANY DONOR'S RESTRICTIONS. PART X, LINE 2: MANAGEMENT OF THE ORGANIZATION CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR UPON EXAMINATION BY TAX AUTHORITIES, INCLUDING CHANGES TO THE ORGANIZATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE ORGANIZATION MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS SUBJECT TO THE UNRELATED BUSINESS INCOME TAX THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. 1 DISTINGUISHED ACHIEVEMENT AND EDUCATIONAL AWARDS 10 93562 FMV SUPPLEMENTAL INFORMATION PART IV THE ORGANIZATION DISTRIBUTES AWARDS BASED ON ACHIEVEMENTS ALREADY ACCOMPLISHED IN THE PRECIOUS METALS INDUSTRY AND THEREFORE DOES NOT NEED TO MONITOR THE USE OF THESE FUNDS AFTER THEY HAVE ALREADY BEEN DISTRIBUTED. THE ORGANIZATION DISTRIBUTED 10 AWARDS, RANGING FROM $5,000 TO $12,000, TO STUDENTS EXCELING IN PRECIOUS METALS STUDIES AND TO PROFESSORS AND OTHER NOTED PEOPLE IN THE PRECIOUS METALS INDUSTRY. 0 0 0 0 0 0 0 1 0 LAURENCE DRUMMOND EXECUTIVE DIRECTOR 0 158749 0 50000 0 0 0 0 0 0 0 208749 0 0 PART I, LINE 7 $35,000 NON-FIXED DISCRETIONARY BONUS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS FORM 990, PART VI, SECTION A, LINE 7B SEVERAL PROVISIONS IN THE FOUNDATION BYLAWS GIVE CERTAIN GOVERNANCE RIGHTS TO THE SOLE MEMBER, IPMI. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY EXECUTIVE DIRECTOR AND SENT TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S GOVERNANCE AND COMPLIANCE COMMITTEE ALONG WITH THE EXECUTIVE COMMITTEE REGULARLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND THE ANNUAL ACKNOWLEDGMENT THEREOF AS WELL AS THE OTHER POLICIES COVERING MATTERS OF GOVERNANCE RELATING TO PART VI, SECTION B, LINES 13 AND 14. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST DURING REGULAR BUSINESS HOURS. FORM 990, PART XII, LINE 2C: NO CHANGE INTERNATIONAL PRECIOUS METALS INSTITUTE INC 5101 N 12TH AVE STE C PENSACOLA FL 32504 301206732 TRADE ASSOCIATION FOR THE PRECIOUS METALS INDUSTRY DE 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 INTERNATIONAL PRECIOUS METALS INSTITUTE INC M 125000 CASH