International Precious Metals Institute Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 301206732 ✦ Pensacola, FL ✦ Designated as a 501(c)(6)

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Overview

What is International Precious Metals Institute Inc?

The International Precious Metals Institute Inc, based in Pensacola, Florida, serves as a global hub for its membership within the precious metals industry. Their primary goal is to foster research, education, networking, and the exchange of information related to precious metals. Through annual conferences, technical seminars, and membership services, IPMI provides a platform for professionals and academia to engage in valuable discussions. These events include speaker luncheons, member receptions, and various sessions focused on industry-specific topics and challenges. Furthermore, throughout the year, IPMI sponsors technical seminars in various locations, addressing specific precious metals industry issues. Their membership services offer a members directory and technical publications, along with participation in public affairs conferences, committees, and workshops on regulatory, environmental, health and safety, security, and other related matters.


Official website here: www.ipmi.org

Is International Precious Metals Institute Inc legitimate?

International Precious Metals Institute Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. International Precious Metals Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $164,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $67,540

For more financial information, click here


Official website here: www.ipmi.org

What is the mission statement of International Precious Metals Institute Inc?

The International Precious Metals Institute Inc's mission is to serve its global membership by promoting and supporting research, education, networking, and the exchange of information related to precious metals. They achieve this by organizing annual conferences, seminars, and sponsoring technical seminars on industry-specific topics. Their membership services include a members directory and technical publications, as well as participation in various committee meetings on regulatory, environmental, health and safety, security, and money laundering issues, among others. The institute's activities aim to provide valuable resources and opportunities for professionals in the precious metals industry.


Official website here: www.ipmi.org

Who is the CEO of International Precious Metals Institute Inc?

Laurence Drummond is the Board Member of International Precious Metals Institute Inc.


Official website here: www.ipmi.org

What is the revenue of International Precious Metals Institute Inc?

International Precious Metals Institute Inc's revenue in 2022 was $1,205,507.


Official website here: www.ipmi.org

Who are the executives of International Precious Metals Institute Inc and what are their salaries?

The average compensation at International Precious Metals Institute Inc during 2022 was $77,197. There are 3 employees at International Precious Metals Institute Inc.


Here are 37 key members and their salaries:


Becky Berube (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Van Kerkwijk Ended Dec 202 (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Cook Ended June 2022 (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Bone (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cj Sapre (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Deuel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Dorris Ended June 2022 (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edgar Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hitoshi Kosai (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ian Holden Ended January 2022 (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Dourekas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Butler (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joshua Husvar (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lars White (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Piastre (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Caffarey (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miguel Perez-Santalla (President (Until June 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Mikolay (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Troxell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitch Coughlin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Mellas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oliver Krestin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Newman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Bullen-Smith Ended (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robyn Sprott (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Mccourt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Sabin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Schwartz (Compliance Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Simon Codrington (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Contreas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Crogan Ended (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Scacalossi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theo Keuter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Rielly (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zachary Henneman (President (As Of June 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Zbigniew Milkiewicz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Drummond (Executive Director)
  • Compensation: $164,050
  • Related: $0
  • Other: $0


Official website here: www.ipmi.org

Where can I find the form 990 for International Precious Metals Institute Inc?

International Precious Metals Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ipmi.org

Learn more at the official website: www.ipmi.org

Mission Statement of International Precious Metals Institute Inc

The International Precious Metals Institute Inc, as a global organization, is committed to serving its membership by promoting and supporting research, education, networking, and the exchange of information pertaining to precious metals. Its mission is multifaceted, encompassing various activities that cater to professionals and academia within the precious metals industry.

To accomplish its mission, IPMI hosts an annual conference featuring numerous technical sessions of relevance to the industry. These sessions provide a platform for professionals to share insights, attend speaker luncheons, and engage in member receptions and events. Throughout the year, IPMI also sponsors technical seminars focusing on specific precious metal industry topics and issues. These seminars are held in various locations, allowing for a broader reach and engagement with the industry.

In addition to its conference and seminar offerings, IPMI provides membership services such as a members directory and technical publications. These resources allow members to connect with one another and stay informed about the latest developments within the industry. The institute also organizes a public affairs conference in Washington, D.C., and committee meetings on regulatory, environmental, health and safety, security, money laundering, petroleum refining, and sampling and analytics. These committees address issues of concern and interest to the precious metals industry, ensuring that IPMI remains at the forefront of industry developments and advocacy.

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Impact




October, 2024

The International Precious Metals Institute Inc. (IPMI) plays a vital role in the precious metals industry by promoting research, education, and networking among its members. Its annual conference serves as a significant platform where industry professionals and academia come together to engage in technical sessions that address crucial industry trends and challenges.

Through seminars held throughout the year, IPMI focuses on specific issues within the precious metals sector, facilitating a continuous exchange of knowledge and information. These events not only foster collaboration but also strengthen the community by bringing together diverse stakeholders, including regulatory bodies and environmental experts.

The institute also provides valuable membership services, including a directory and technical publications that support members in navigating complex industry topics. By organizing public affairs conferences in Washington, D.C., it actively addresses regulatory, health, and safety concerns, enhancing the industry's responsiveness to emerging challenges.

Overall, IPMI significantly contributes to the advancement of the precious metals industry, ensuring that members are well-informed, connected, and equipped to tackle the complexities of their field. Its emphasis on community improvement further solidifies its impact, fostering a collaborative environment that benefits both the industry and society at large.




This information is meant to be a general summary of International Precious Metals Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,205,507 (2022)
Expenses
$755,801 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,018,378
  • Gross Receipts: $1,205,507

Assets and Liabilities:

  • Total Assets: $1,172,961
  • Total Liabilities: $498,077
  • Net Assets: $674,884

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SEMINARS & CONFERENCES

Revenue

$630,266

ANNUAL MEMBERSHIP

Revenue

$238,781

PUBLICATION REVENUE

Revenue

$149,331

Organization Details

Founding Year

2019

Principal Officer

Laurence Drummond

Main Address

5101 N 12TH AVE C, PENSACOLA, FL, 32504

NTEE Category

Code: S40 - Community improvement

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