Fiscal year ending 2020. Filed on February 16, 2022.
Vta - 2591 Baglyos Circle Ste C53
Suite C53
Bethlehem, Pennsylvania 18020
Promostandards Inc. (EIN: 83-2319420) has filed an IRS Form 990 since fiscal year 2019. In its fiscal year 2020 IRS Form 990 filing, Promostandards Inc., a 501(c)(6) business league, reported compensation for 10 employees. Among the employees shown here, the average compensation is $0.
Revenue
Expenses
Employee compensation
No board members were reported during this fiscal year.
SEE ATTACHED STATEMENT. THE PROMOTIONAL PRODUCTS INDUSTRY IS IN THE BUSINESS OF CUSTOMIZING TANGIBLE PRODUCTS AND RELATED SERVICES. THE LOGISTICS OF RESEARCHING, PROCURING, PRODUCING, AND DELIVERING PROMOTIONAL PRODUCTS IS COMPLEX, LABORIOUS, AND ERROR-PRONE. UNLIKE OTHER INDUSTRIES, INDUSTRY STANDARDS ASSOCIATED WITH BUSINESS COMMERCE DO NOT READILY APPLY AND AS A RESULT ARE NOT READILY ADOPTED NOR IMPLEMENTED AMONG TRADING PARTNERS WITHIN THE INDUSTRY. IN RESPONSE FOR THE NEED FOR BUSINESS COMMERCE INTEGRATION STANDARDS FOR BOTH COMPETITIVE AND EFFICIENCY REASONS, PROMOSTANDARDS WAS FOUNDED. PROMOSTANDARDS WAS STARTED BY LEADING SUPPLIERS, DISTRIBUTORS, AND SERVICE PROVIDERS DOING BUSINESS IN THE NORTH AMERICAN PROMOTIONAL PRODUCTS INDUSTRY WITH THE EXPRESS GOAL OF COLLABORATING ON THE DEVELOPMENT OF INDUSTRY ELECTRONIC INTEROPERABILITY STANDARDS. THE ORGANIZATION IS COMPOSED OF MEMBERS, APPROVED BY THE PROMOSTANDARDS BOARD, TO CONTRIBUTE TO THE CREATION AND MANAGEMENT OF STANDARDS T
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