Nonprofit · EIN 06-0952238
INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATIO
Tax-exempt · PENSACOLA, FL 32504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $859,000 | $780,224 | $78,776 | $1,531,909 | $0 | $1,531,909 |
| December 31, 2023 | 990 | $826,051 | $686,735 | $139,316 | $1,335,760 | $1,229 | $1,334,531 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $149,612
- Membership dues
- $82,605
- Program service revenue
- $697,125
- Investment income
- $1,691
- Royalties
- $128
- Net gain from sales of assets
- $1,497
- Other revenue
- $10,572
Expenses
- Grants and similar amounts paid
- $93,562
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $623,266
- Management and general (functional)
- $156,958
Balance sheet and other
- Total assets, start of year
- $1,335,760
- Total assets, end of year
- $1,531,909
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,531,909
- Publicly traded securities
- $1,348,671
- Net assets without donor restrictions
- $1,121,897
- Net assets with donor restrictions
- $410,012
- Gross unrelated business income
- $990
- Gross receipts
- $6,098,601
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1976
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| LAURENCE DRUMMOND | EXECUTIVE DIRECTOR Officer | 2 | $0 | $208,749 |
| DAVID DEUEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| REGINE ALBRECHT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CORBY ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RON DAVIES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT IANNIELLO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN JODRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SCOTT SCHWARTZ | COMPLIANCE OFFICER Trustee or director, Officer | 1 | $0 | $0 |
| SIMON CODRINGTON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN BUTLER | PRESIDENT (AS OF JUNE 2024) Trustee or director, Officer | 1 | $0 | $0 |
| MARK CAFFAREY | PRESIDENT (UNTIL JUNE 2024) Trustee or director, Officer | 1 | $0 | $0 |
| JOHN DOUREKAS | MARKETING OFFICER Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS RIELLY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LOU BRITTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| LAURENCE DRUMMOND | EXECUTIVE DIRECTOR Trustee or director, Officer | 2 | $0 | $188,750 |
| DR ZACHARY HENNEMAN | PRESIDENT (AS OF JUNE 2023) Trustee or director, Officer | 1 | $0 | $0 |
| DAVID DEUEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| REGINE ALBRECHT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CORBY ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RON DAVIES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT IANNIELLO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN JODRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SCOTT SCHWARTZ | COMPLIANCE OFFICER Trustee or director, Officer | 1 | $0 | $0 |
| SIMON CODRINGTON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN BUTLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MARK CAFFAREY | VICE PRESIDENT (UNTIL JUNE 2023) Trustee or director, Officer | 1 | $0 | $0 |
| JOHN DOUREKAS | MARKETING OFFICER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5101 N 12TH AVE STE C, PENSACOLA, FL 32504-8928
- Principal officer (990 for 2024)
- LAURENCE DRUMMOND, 5101 12TH AVENUE C, PENSACOLA, FL 32504
- Signed the 990
- LAURENCE DRUMMOND, EXECUTIVE DIRECTOR
- Phone
- (850) 476-1156
- Website
- WWW.IPMI.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
EDUCATE MEMBERS AND GENERAL PUBLIC ON ISSUES CONCERNING PRECIOUS METALS
Program accomplishments
- AWARDS PROGRAM - FOR ACHIEVEMENTS, CONTRIBUTIONS TO THE EDUCATIONAL INSTITUTIONS, RESEARCH AND OTHER EFFORTS WHICH ARE VALUABLE TO THE PRECIOUS METALS INDUSTRYExpenses $621,766 · grants $93,562 · revenue $697,669
- 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.Expenses $1,500 · revenue $8,910
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-0952238
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,948,010
- Income (IRS master file)
- $1,163,822
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $859,000 | $780,224 | $1,531,909 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $826,051 | $686,735 | $1,335,760 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $702,983 | $588,063 | $1,134,723 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-0952238).
Questions about INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATIO
- What is the EIN of INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATIO?
- The employer identification number (EIN) of INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATIO is 06-0952238.
- Is INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATIO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATIO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATIO file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATIO due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATIO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATIO?
- The 990 for the year ended December 31, 2024 names LAURENCE DRUMMOND.
- Who are the officers and directors of INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATIO?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATIO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $859,000, expenses of $780,224 and total assets of $1,531,909 at year end.
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