Overview
What is International Registration Plan Inc?
International Registration Plan Inc, based in Lake Ridge, Virginia, is a nonprofit organization dedicated to enhancing and supporting the US motor carrier system. Their primary mission is to carry out the charitable and educational purposes of IRP by administering the International Registration Plan. This plan is an international reciprocal agreement that allows for the registration of commercial motor vehicle fleets engaging in inter-jurisdictional operations. With a team of seven employees, IRP Inc works to improve the efficiency and coordination of commercial vehicle operations across borders, ultimately benefiting the transportation industry as a whole.
Official website here: www.irponline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
International Registration Plan Inc has achieved a solid score of 88%, reflecting a commendable level of accountability and financial management. The rating is primarily based on their performance in these areas, indicating a well-structured organization that adheres to established financial practices and transparency.
Strengths of the organization include a fully independent board, excellent oversight through its audit committee, and the implementation of essential policies such as conflict of interest and whistleblower protections. The charity demonstrates a strong commitment to responsible financial stewardship, evidenced by a low liabilities-to-assets ratio and a significant portion of expenses directed towards programmatic activities.
However, while the organization performs well in many areas, its program expense ratio of 63.61% suggests that there is room for improvement in allocating resources directly towards its programs. Overall, the organization appears to be effectively managed, with strong governance practices, though enhancing program spending could further bolster its impact.
This AI summary has been generated from information found on Charity Navigator.
Is International Registration Plan Inc legitimate?
International Registration Plan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Registration Plan 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: $281,880
Professional Fundraising Fees: $0
Other Salaries and Wages: $426,001
For more financial information, click here
Official website here: www.irponline.org
What is the mission statement of International Registration Plan Inc?
International Registration Plan Inc's mission is to support and carry out its charitable and educational purposes. This is achieved by conducting the International Registration Plan, an international reciprocal agreement for the registration of fleets of commercial motor vehicles involved in inter-jurisdictional operations. The organization is also involved in improving and enhancing the US motor carrier system through the development and advancement of clearinghouse and member services.
Official website here: www.irponline.org
Who is the CEO of International Registration Plan Inc?
Timothy A Adams is the Vice Chair of International Registration Plan Inc. The CEO's salary of International Registration Plan Inc is $160,198 and their total compensation is $165,209.
Official website here: www.irponline.org
What is the revenue of International Registration Plan Inc?
International Registration Plan Inc's revenue in 2022 was $2,767,659.
Official website here: www.irponline.org
Who are the executives of International Registration Plan Inc and what are their salaries?
The average compensation at International Registration Plan Inc during 2022 was $101,126. There are 7 employees and 100 volunteers at International Registration Plan Inc.
Here are 13 key members and their salaries (International Registration Plan Inc's CEO's salary is $160,198 and their total compensation is $165,209):
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- Compensation: $160,198
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- Other: $5,011
- Compensation: $96,300
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- Other: $3,840
- Compensation: $111,105
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- Other: $16,938
- Compensation: $103,985
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- Other: $24,000
Official website here: www.irponline.org
Where can I find the form 990 for International Registration Plan Inc?
International Registration Plan Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.irponline.org
Learn more at the official website: www.irponline.org
Mission Statement of International Registration Plan Inc
International Registration Plan Inc, abbreviated as IRP, is committed to achieving and carrying out its charitable and educational purposes. It accomplishes this through the implementation of the International Registration Plan. This plan serves as an international reciprocal agreement, facilitating the registration of fleets of commercial motor vehicles that engage in inter-jurisdictional operations. By doing so, IRP aims to improve and enhance the US motor carrier system, ultimately benefiting various stakeholders involved in these cross-border operations.
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Impact
July, 2024
The International Registration Plan Inc has a significant impact on the US motor carrier system by improving efficiencies and streamlining processes for fleets of commercial motor vehicles operating across multiple jurisdictions. Through its international reciprocal agreement for vehicle registration, the IRP facilitates seamless operations for businesses in the transportation industry. Its clearinghouse and member services development activities contribute to the overall effectiveness and functionality of the motor carrier system, benefiting both companies and consumers alike.
This information is meant to be a general summary of International Registration Plan 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $160,543
- Program Service Revenue: $1,621,708
- Gross Receipts: $2,767,659
Assets and Liabilities:
- Total Assets: $6,798,352
- Total Liabilities: $1,425,199
- Net Assets: $5,373,153
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,483,318
CONFERENCES AND WORKSH
Revenue
$138,390
Organization Details
Founding Year
1994
Phone
(703) 963-2326Principal Officer
Timothy A Adams
Main Address
4196 MERCHANT PLAZA, LAKE RIDGE, VA, 22192
Website
www.irponline.orgNTEE Category
Code: W020 - Public benefit
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