Industrial Asset Management Council Inc
- Assets
- $3.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Norcross, GA
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 13-4204733
Organization Overview
Industrial Asset Management Council Inc is located in Norcross, GA. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Industrial Asset Management Council Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industrial Asset Management Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Industrial Asset Management Council Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INDUSTRIAL ASSET MGMT PROFESSIONALS WITH QUALITY EDUCATION AND PROFESSIONAL STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPRING 2021 HAD 334 ATTENDEES AND THE FALL 2021 FORUM HAD 295 ATTENDEES.
MEMBERSHIP DEVELOPMENT AND SERVICES - ASSIST APPROXIMATELY 600 MEMBERS IN THE DISSEMINATION OF EDUCATIONAL INFORMATION AND TO ADVANCE THE NEEDS OF THE CORPORATE REAL ESTATE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Cameron Chair | OfficerTrustee | 2 | $0 |
Karen L Shchuka Vice Chair | OfficerTrustee | 2 | $0 |
Betsy Power Treasurer/secretary | OfficerTrustee | 2 | $0 |
Jennifer L Roth Past Chair | OfficerTrustee | 1 | $0 |
Tate Godfrey President And CEO | OfficerTrustee | 40 | $0 |
Matt Boehlke Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,724,881 |
| Investment income | $31,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,756,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $401,082 |
| Fees for services: Legal | $5,455 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,100 |
| Office expenses | $48,719 |
| Information technology | $45,062 |
| Royalties | $0 |
| Occupancy | $32,459 |
| Travel | $52,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $864,410 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,301 |
| All other expenses | $0 |
| Total functional expenses | $2,776,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $928,142 |
| Savings and temporary cash investments | $2,145,502 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,762 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $178,419 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,314,825 |
| Accounts payable and accrued expenses | $147,401 |
| Grants payable | $0 |
| Deferred revenue | $1,026,952 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,174,353 |
| Net assets without donor restrictions | $2,125,472 |
| Net assets with donor restrictions | $15,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,314,825 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Industrial Asset Management Council Inc has recieved totaling $30,900.
| Awarding Organization | Amount |
|---|---|
Georgia Corporation For Economic Development Atlanta, GA PURPOSE: SPONSOR EVENT | $30,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |
Panama City Beach Convention And Vistors Bureau Inc Panama City Beach, FL | $6,910,172 | $13,906,597 |
Florida Reliability Coordinating Council Tampa, FL | $10,138,227 | $13,874,923 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |
National Cotton Council Of America Cordova, TN | $27,244,437 | $12,698,051 |
Catapult Employers Association Inc Charlotte, NC | $29,062,151 | $11,591,592 |