2016-11-15T15:44:47-06:00 2015-12-31 381357951 PLANTE & MORAN PLLC 10 S Riverside Plaza 9th Floor Chicago IL 60606 990 2015-01-01 237091810 IPC INC D/B/A IPC INTERNATIONAL INC IPCI 8476157100 3000 LAKESIDE DRIVE No 105N BANNOCKBURN IL 60015 JOHN W MITCHELL PRESIDENT 8476157100 2016-11-15 1 Lu Ann Trapp P01506476 3122071040 2016-11-15 2015 2017-02-10 21:41:12Z JOHN W MITCHELL 3000 LAKESIDE DRIVE No 105N BANNOCKBURN IL 60015 21752986 0 X WWW.IPC.ORG X 1957 NY TO IMPROVE THE ELECTRONIC INTERCONNECTING INDUSTRY'S TECHNOLOGY AND COMMUNICATION. 16 15 78 3900 0 0 0 0 11032618 12234039 1381314 209746 6325740 7735950 18739672 20179735 0 0 0 0 9842179 10441490 0 0 0 9048083 8869634 18890262 19311124 -150590 868611 19183652 19234692 7650501 7309456 11533151 11925236 IPC IS A GLOBAL TRADE ASSOCIATION DEDICATED TO FURTHERING THE COMPETITIVE EXCELLENCE AND FINANCIAL SUCCESS OF ITS MEMBERS, WHO ARE PARTICIPANTS IN THE ELECTRONICS INDUSTRY. 0 0 IPC DEVOTES ITS RESOURCES TO MANAGEMENT IMPROVEMENT AND TECHNOLOGY ENHANCEMENT PROGRAMS, THE CREATION OF RELEVANT STANDARDS (CURRENTLY AT 350), THE PROTECTION OF THE ENVIRONMENT, AND PERTINENT RELATIONS. APPROXIMATELY 3,750 COMPANIES WORLDWIDE PARTICIPATE IN IPC'S PROGRAMS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 47 0 1 78 1 0 1 CH IN TW 0 0 1 1 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JENNIFER SANDAHL 8475972883 3000 LAKESIDE DRIVE SUITE 105N BANNOCKBURN IL 60015 John Mitchell President/Ceo 40.00 X X 589797 0 54955 Marc Peo Chairman 0.50 X X 0 0 0 Steve Pudles Immediate Past Chairman 0.50 X X 0 0 0 Joe O'Neil Vice Chairman 0.50 X X 0 0 0 Mikel Williams Secretary/Treasurer 0.50 X X 0 0 0 Steven Betza Board Member 0.50 X 0 0 0 Robert Black Board Member 0.50 X 0 0 0 Michael Carano Board Member 0.50 X 0 0 0 Bhawnesh Mathur Board Member 0.50 X 0 0 0 Robert Neves Board Member 0.50 X 0 0 0 Rex Rozario Board Member 0.50 X 0 0 0 Ray Sharpe Board Member 0.50 X 0 0 0 Shane Whiteside Board Member 0.50 X 0 0 0 Mark Wolfe Board Member 0.50 X 0 0 0 Tony Zhou Board Member 0.50 X 0 0 0 Nilesh Naik Board Member 0.50 X 0 0 0 David Bergman Vp Standards 40.00 X 239490 0 45596 Sanjay Huprikar Vp Member Success 40.00 X 261694 0 26506 Phil Carmichael Ceo China Operations 40.00 X 253509 0 49129 John Hasselman Vp Gov'T Relations 40.00 X 266291 0 37109 Tom Sandman CFO 40.00 X 264110 0 42207 Brian Knier Marketing Director 40.00 X 122604 0 34945 Teresa Rowe Standards Director 40.00 X 129957 0 27373 Alicia Balonek Validation Svs Director 40.00 X 138953 0 14886 Randy Cherry Events Director 40.00 X 139808 0 33942 Kenneth Shramko Gov't Relations Director 40.00 X 144318 0 24252 2550531 0 390900 21 0 1 0 0 EVENTS 900099 4712000 4712000 CHINA OPERATIONS 900099 2281004 2281004 MEMBERSHIP 900099 2243845 2243845 STANDARDS 900099 1625606 1625606 INTERNATIONAL RELATIONS 900099 485929 485929 885655 885655 12234039 209746 209746 1000000 1000000 0 8309201 573251 7735950 7735950 20179735 19969989 0 209746 2130393 6455452 475697 879268 500680 58093 46000 1850158 65459 472842 604292 71315 568491 678977 2246795 533227 61297 SHIPPING AND POSTAGE 492428 Printing and Production 299984 bank fees 292338 INVENTORY WRITEOFF 276935 251003 19311124 22705 22389 1433163 2400888 1100392 1155473 705125 403833 1388419 1267114 3071452 1707464 1328375 1363988 13205473 12621007 19183652 19234692 2101414 1783309 5406136 5188923 142951 337224 7650501 7309456 X 11533151 11925236 11533151 11925236 19183652 19234692 868611 -476526 0 X 0 1 X 1 0 0 0 1 2243845 634285 -328106 306179 448769 -142590 374748 39827 334921 2083055 1331285 751770 613649 336352 277297 1363988 DEFERRED RENT 285623 DEFERRED LEASE INCENTIVE 51601 337224 X 20276460 -476526 573251 96725 20179735 0 20179735 19884375 573251 573251 19311124 0 19311124 Part X, Line 2: IPC is exempt from federal income taxes under Internal Revenue Code Section 501(c)(6) as a not-for-profit organization. IPC China, IPC Qingdao, and IPC Taiwan are subject to the income tax laws of the People's Republic of China. IPC India is subject to the income tax laws of the Republic of India. Accordingly, the accompanying consolidated financial statements do not reflect income taxes, except for foreign taxes, which are included in international relations expense. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by IPC Association and recognize a tax liability if IPC Association has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities. Management has analyzed the tax positions taken by IPC Association and has concluded that as of December 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. IPC Association is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2012. Part XI, Line 2d - Other Adjustments: COST OF GOODS SOLD ON SALES OF INVENTORY 573,251. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD ON SALES OF INVENTORY 573,251. East Asia and the Pacific 3 33 PROGRAM SERVICES TRAINING/CONSULTING 2274785 South Asia 2 12 PROGRAM SERVICES TRAINING/CONSULTING 307742 5 45 0 0 5 45 2582527 0 2582527 0 0 1 0 0 0 X 1 1 X X X X 0 0 0 John Mitchell President/Ceo 377633 0 190000 0 22164 0 27412 0 27543 0 644752 0 0 0 David Bergman Vp Standards 185490 0 54000 0 0 0 24724 0 20872 0 285086 0 0 0 Sanjay Huprikar Vp Member Success 205694 0 56000 0 0 0 26506 0 0 0 288200 0 0 0 Phil Carmichael Ceo China Operations 151835 0 51000 0 50674 0 25250 0 23879 0 302638 0 0 0 John Hasselman Vp Gov'T Relations 209291 0 57000 0 0 0 26995 0 10114 0 303400 0 0 0 Tom Sandman CFO 207110 0 57000 0 0 0 26950 0 15257 0 306317 0 0 0 Brian Knier Marketing Director 107604 0 15000 0 0 0 14073 0 20872 0 157549 0 0 0 Teresa Rowe Standards Director 117957 0 12000 0 0 0 13990 0 13383 0 157330 0 0 0 Alicia Balonek Validation Svs Director 129953 0 9000 0 0 0 14886 0 0 0 153839 0 0 0 Randy Cherry Events Director 132308 0 7500 0 0 0 15672 0 18270 0 173750 0 0 0 Kenneth Shramko Gov't Relations Director 135318 0 9000 0 0 0 15636 0 8616 0 168570 0 0 0 Part I, Line 1a IPC International Inc pays temporary housing for the President of the Chinese branch. The benefit is considered taxable compensation to the recipient and is included in taxable compensation. Form 990, Part VI, Section B, line 11 The board retains the services of an independent CPA firm to prepare the organization's Form 990. Management reviews the completed Form 990 and provides a full copy to all voting members of the governing body prior to filing. The governing body is provided a reasonable amount of time to review the return and ask any questions directly to organization management or the contact at the independent CPA firm prior to filing. Form 990, Part VI, Section B, line 12c THE BOARD SECRETARY IS RESPONSIBLE FOR CATALOGING ALL CONFLICTS OF INTEREST. THE CONFLICT OF INTEREST QUESTIONAIRE AND POLICY IS DISTRIBUTED ANNUALY. DIRECTORS ARE REQUESTED TO REPORT ANY CONFLICTS ON AN ANNUAL BASIS. Form 990, Part VI, Section B, line 15 AN INDEPENDENT COMPENSATION COMMITTEE DETERMINES THE CEO'S SALARY BASED COMPARABILITY DATA. THE COMMITTEE CONTEMPORANEOUSLY SUBSTANTIATES ITS DELIBERATION AND DECISION. Form 990, Part VI, Section C, line 19 Governing documents and financial statements are available through applicable governmental agencies; the conflict of interest policy is available upon written request to the organization. IPC EDUCATION FOUNDATION 3000 LAKESIDE DRIVE SUITE 105N BANNOCKBURN IL 60015 364417168 FUND EDUCATION SCHOLARSHIPS & MATERIALS PURCHASE PROGRAMS FOR H.S. LEVEL IL 501(c)(3) Line 1 NONE 0 IPC GLOBAL TECHNOLOGY CERTIFICATION & TRAINING CO LTD 5F B3-1 BLOCK B QINGDAO INTL INNO QINGDAO CH 266101 TRAINING CH C 1646328 628183 1.00000 0 IPC TECHNOLOGY CONSULTING PRIVATE LIMITED NO 238-34 1ST FLOOR 32ND CROSS BANGALORE IN 560070 MANAGEMENT CONSULTING AND TRADE SHOWS IN C 473970 340392 0.91000 0 IPC GLOBAL TECHNOLOGY MANAGEMENT CONSULTING CO LTD ROOM 510 MODERN LOGISTICS BLDG 4 SHANGHAI CH 200233 MANAGEMENT CONSULTING AND TRADE SHOWS CH C 844659 943458 1.00000 0 IPC TECHNOLOGY CONSULTING CO LTD REGUS TAIPEI MANHATTAN SHIN KONG M TAIPEI TW 11049 MANAGEMENT CONSULTING SERVICES TW C 24388 29410 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0