Overview
What is Fluid Power Society?
The Fluid Power Society is a nonprofit organization stationed in Cherry Hill, New Jersey. Their primary mission is to foster the advancement of technology in the fluid power and motion control sectors, while simultaneously enhancing the professionalism of individuals working within this field. To achieve this, they offer multiple certification programs, providing a structured path for individuals in the fluid power industry. The society also prides itself on offering membership opportunities, allowing professionals to join an organization dedicated to their field's growth and development. With a modest workforce of 12 employees, the Fluid Power Society plays a significant role in supporting and nurturing the talents of those in the fluid power industry.
Official website here: www.ifps.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Four-Star out of Four Stars (96%)
The Fluid Power Society has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 96%, the organization demonstrates a commitment to transparency and responsible financial management. This rating emphasizes the importance of its fully independent board members and the thoroughness of its financial audits.
Strengths of the Fluid Power Society include its high program expense ratio of nearly 86%, indicating that a significant portion of its funds is directed towards program activities rather than administrative costs. Additionally, the organization adheres to best practices in governance, as evidenced by its comprehensive policies on conflict of interest and whistleblower protections, all of which contribute to its strong financial health and organizational integrity.
While the organization excels in accountability and financial operations, continuous improvement and engagement with its stakeholders are crucial for maintaining and enhancing its impact in the fluid power sector. Overall, the Fluid Power Society serves as a model for effective nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Fluid Power Society legitimate?
Fluid Power Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fluid Power Society 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $522,645
For more financial information, click here
Official website here: www.ifps.org
What is the mission statement of Fluid Power Society?
The Fluid Power Society's mission is to offer membership to an organization that strives to advance the technology related to fluid power and motion control. This organization aims to enhance the professionalism of individuals working in the fluid power field. Additionally, the Fluid Power Society provides multiple levels of certification to professionals in the fluid power industry through its certification programs.
Official website here: www.ifps.org
What is the revenue of Fluid Power Society?
Fluid Power Society's revenue in 2023 was $1,064,996.
Official website here: www.ifps.org
Who are the executives of Fluid Power Society and what are their salaries?
The average compensation at Fluid Power Society during 2023 was $52,264. There are 10 employees and 30 volunteers at Fluid Power Society.
Here are 22 key members and their salaries:
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Official website here: www.ifps.org
Where can I find the form 990 for Fluid Power Society?
Fluid Power Society's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ifps.org
Learn more at the official website: www.ifps.org
Mission Statement of Fluid Power Society
The Fluid Power Society, as an organization, is dedicated to advancing the technology related to fluid power and motion control. Its primary goal is to foster the growth of professionals working in this field. By providing membership opportunities, the Fluid Power Society aims to promote the development of fluid power technology and elevate the professional standing of its members. Furthermore, the organization offers certification programs, providing multiple levels of recognition to individuals within the fluid power industry. These certification programs are overseen by the society's boards, ensuring a rigorous and reliable evaluation process.
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Impact
July, 2024
Fluid Power Society's impact lies in its dedication to advancing the technology and professionalism within the fluid power field. By providing certification programs and membership opportunities, the organization is contributing to the enhancement of skills and knowledge among individuals working in this industry. This, in turn, can lead to improved performance, innovation, and standards within the fluid power sector. Through their efforts, Fluid Power Society is actively contributing to the development and progression of this important field, ultimately benefiting both professionals and the community at large.
This information is meant to be a general summary of Fluid Power Society. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $69,910
- Program Service Revenue: $995,086
- Gross Receipts: $1,064,996
Assets and Liabilities:
- Total Assets: $1,470,188
- Total Liabilities: $465,254
- Net Assets: $1,004,934
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CERTIFICATION INCOME
Revenue
$534,434
MEMBERSHIP INCOME
Revenue
$261,409
EDUCATION INCOME
Revenue
$199,243
Organization Details
Founding Year
1960
Principal Officer
Donna Pollander
Website
www.ifps.orgNTEE Category
Code: S41Z - Community improvement
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