Nonprofit · EIN 30-1206732
INTERNATIONAL PRECIOUS METALS INSTITUTE INC
Tax-exempt · PENSACOLA, FL 32504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,449,219 | $1,043,759 | $405,460 | $1,733,617 | $252,004 | $1,481,613 |
| December 31, 2023 | 990 | $1,355,642 | $954,373 | $401,269 | $1,309,179 | $233,026 | $1,076,153 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,146,893
- Investment income
- $35,360
- Other revenue
- $266,966
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $208,750
- Other salaries and wages
- $86,854
- Salaries, compensation and benefits (total)
- $317,037
- Professional fundraising fees
- $0
- Legal fees
- $10,854
- Accounting fees
- $86,599
- Occupancy
- $20,444
- Travel
- $60,977
- Depreciation
- $6,746
Balance sheet and other
- Total assets, start of year
- $1,309,179
- Total assets, end of year
- $1,733,617
- Total liabilities, end of year
- $252,004
- Net assets, end of year
- $1,481,613
- Net assets without donor restrictions
- $1,481,613
- Gross unrelated business income
- $98,375
- Gross receipts
- $1,449,219
- Employees
- 2
- Volunteers
- 30
- Year formed
- 2019
- State of legal domicile
- DE
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 |
|---|---|---|---|
| LARRY DRUMMOND | EXECUTIVE DIRECTOR Officer | 35 | $208,749 |
| BECKY BERUBE | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRIS BONE | BOARD MEMBER Trustee or director | 1 | $0 |
| CJ SAPRE | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVE DEUEL | TREASURER Trustee or director, Officer | 1 | $0 |
| EDGAR SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| HITOSHI KOSAI | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN DOUREKAS | MARKETING OFFICER Trustee or director, Officer | 1 | $0 |
| JONATHAN BUTLER | PRESIDENT (AS OF JUNE 2024) Trustee or director, Officer | 1 | $0 |
| JOSHUA HUSVAR | BOARD MEMBER Trustee or director | 1 | $0 |
| LARS WHITE | BOARD MEMBER Trustee or director | 1 | $0 |
| MARIA PIASTRE | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK CAFFAREY | PRESIDENT (UNTIL JUNE 2024) Trustee or director, Officer | 1 | $0 |
| MIGUEL PEREZ-SANTALLA | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE MIKOLAY | BOARD MEMBER Trustee or director | 1 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE TROXELL | BOARD MEMBER Trustee or director | 1 | $0 |
| MITCH COUGHLIN | BOARD MEMBER Trustee or director | 1 | $0 |
| MONICA MELLAS | BOARD MEMBER Trustee or director | 1 | $0 |
| PHILIP NEWMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBYN SPROTT | BOARD MEMBER Trustee or director | 1 | $0 |
| SAMANTHA MCCOURT | BOARD MEMBER Trustee or director | 1 | $0 |
| SAM SABIN | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT SCHWARTZ | COMPLIANCE OFFICER Trustee or director, Officer | 1 | $0 |
| SEBASTIAN HENSEL | BOARD MEMBER Trustee or director | 1 | $0 |
| SIMON CODRINGTON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| STEVE CONTREAS | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVEN SCACALOSSI | BOARD MEMBER Trustee or director | 1 | $0 |
| THEO KEUTER | BOARD MEMBER Trustee or director | 1 | $0 |
| TOM RIELLY | SECRETARY Trustee or director, Officer | 1 | $0 |
| ZACHARY HENNEMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ZBIGNIEW MILKIEWICZ | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 31 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY DRUMMOND | EXECUTIVE DIRECTOR Officer | 35 | $188,750 |
| BECKY BERUBE | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRIS BONE | BOARD MEMBER Trustee or director | 1 | $0 |
| CJ SAPRE | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVE DEUEL | TREASURER Trustee or director, Officer | 1 | $0 |
| EDGAR SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| HITOSHI KOSAI | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN DOUREKAS | MARKETING OFFICER Trustee or director | 1 | $0 |
| JONATHAN BUTLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| JOSHUA HUSVAR | BOARD MEMBER Trustee or director | 1 | $0 |
| LARS WHITE | BOARD MEMBER Trustee or director | 1 | $0 |
| MARIA PIASTRE | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK CAFFAREY | PRESIDENT (UNTIL JUNE 2023) Trustee or director, Officer | 1 | $0 |
| MIGUEL PEREZ-SANTALLA | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE MIKOLAY | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE TROXELL | BOARD MEMBER Trustee or director | 1 | $0 |
| MITCH COUGHLIN | BOARD MEMBER Trustee or director | 1 | $0 |
| MONICA MELLAS | BOARD MEMBER Trustee or director | 1 | $0 |
| OLIVER KRESTIN | BOARD MEMBER Trustee or director | 1 | $0 |
| PHILIP NEWMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBYN SPROTT | BOARD MEMBER Trustee or director | 1 | $0 |
| SAM MCCOURT | BOARD MEMBER Trustee or director | 1 | $0 |
| SAM SABIN | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT SCHWARTZ | COMPLIANCE OFFICER Trustee or director, Officer | 1 | $0 |
| SIMON CODRINGTON | SECRETARY Trustee or director | 1 | $0 |
| STEVE CONTREAS | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVEN SCACALOSSI | BOARD MEMBER Trustee or director | 1 | $0 |
| THEO KEUTER | BOARD MEMBER Trustee or director | 1 | $0 |
| TOM RIELLY | BOARD MEMBER Trustee or director | 1 | $0 |
| ZACHARY HENNEMAN | PRESIDENT (AS OF JUNE 2023) Trustee or director, Officer | 1 | $0 |
| ZBIGNIEW MILKIEWICZ | BOARD MEMBER Trustee or director | 1 | $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 N 12TH AVE 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
IPMI'S MISSION IS TO GLOBALLY SERVE ITS MEMBERSHIP BY PROMOTING AND SUPPORTING PRECIOUS METALS RELATED RESEARCH, EDUCATION, NETWORKING AND THE EXCHANGE OF INFORMATION.
Program accomplishments
- ANNUAL CONFERENCE, SEMINARS, MEMBERSHIP SERVICESTHE ANNUAL CONFERENCE INCLUDES NUMEROUS TECHNICAL SESSIONS OF IMPORTANCE TO PRECIOUS METAL INDUSTRY PROFESSIONALS AND ACADEMIA, SPEAKER LUNCHEONS AND MEMBER RECEPTIONS AND EVENTS. IN ADDITION, THROUGHOUT THE YEAR AND IN VARIOUS LOCALES, IPMI SPONSORS TECHNICAL SEMINARS FOCUSING ON SPECIFIC PRECIOUS METAL INDUSTRY TOPICS AND ISSUES. MEMBERSHIP SERVICES INCLUDE A MEMBERS DIRECTORY AND TECHNICAL PUBLICATIONS, A PUBLIC AFFAIRS CONFERENCE IN WASHINGTON, D.C. AND COMMITTEE MEETINGS ON REGULATORY, ENVIRONMENTAL, HEALTH AND SAFETY, SECURITY AND MONEY LAUNDERING, PLATINUM GROUP METALS REFINING AND SAMPLING AND ANALYTICS AND OTHER SUCH ISSUES OF CONCERN AND INTEREST TO THE PRECIOUS METALS INDUSTRY.
- ANNUAL MEMBERSHIPFOR ANNUAL DUES MEMBERSHIP, THE ORGANIZATION PROVIDES MEMBERS WITH TIMELY TECHNICAL, ECONOMIC, ENVIRONMENTAL AND EDUCATIONAL INFORMATION. IN ADDITION, IPMI PROVIDES ITS MEMBERS WITH NETWORKING OPPORTUNITIES NECESSARY FOR SUCCESS IN TODAY'S GLOBAL MARKETPLACE. MEMBER BENEFITS INCLUDE MONTHLY NEWSLETTER, ANNUAL MEMBERSHIP DIRECTORY, ACCESS TO A COMPREHENSIVE TECHNICAL LIBRARY AS WELL AS DISCOUNTS TO MAJOR IPMI EVENTS.
- MEMBER PUBLICATIONS & WEBINAR SERIESIPMI PROVIDES A MEMBERS DIRECTORY TO ALL MEMBERS. THIS PROVIDES A UNIQUE TOOL FOR "NETWORKING" ACROSS THE ENTIRE GLOBAL PRECIOUS METALS COMMUNITY. IPMI PUBLISHES A PRECIOUS METALS BUYERS GUIDE. THIS IS AN EXCEPTIONAL RESOURCE TO ACCESS A BROAD SPECTRUM OF VARIOUS PRECIOUS METALS SERVICE PROVIDERS. THESE PUBLICATIONS ARE AVAILABLE ONLY TO IPMI MEMBERS.
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
- 30-1206732
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $2,063,035
- Income (IRS master file)
- $1,579,113
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,449,219 | $1,043,759 | $1,733,617 | XML |
| 990 | December 2023 | $1,355,642 | $954,373 | $1,309,179 | XML |
| 990 | December 2022 | $1,205,507 | $755,801 | $1,172,961 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 30-1206732).
Questions about INTERNATIONAL PRECIOUS METALS INSTITUTE INC
- What is the EIN of INTERNATIONAL PRECIOUS METALS INSTITUTE INC?
- The employer identification number (EIN) of INTERNATIONAL PRECIOUS METALS INSTITUTE INC is 30-1206732.
- Is INTERNATIONAL PRECIOUS METALS INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2021.
- Are donations to INTERNATIONAL PRECIOUS METALS INSTITUTE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INTERNATIONAL PRECIOUS METALS INSTITUTE INC 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 INSTITUTE INC 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 INSTITUTE INC 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 INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names LAURENCE DRUMMOND.
- Who are the officers and directors of INTERNATIONAL PRECIOUS METALS INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 31 people; 1 received compensation from the organization, the highest $208,749 (LARRY DRUMMOND, EXECUTIVE DIRECTOR).
- How much revenue does INTERNATIONAL PRECIOUS METALS INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,449,219, expenses of $1,043,759 and total assets of $1,733,617 at year end.
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