Institute For Supply Management Inc
- Assets
- $18.8m
- Revenue
- $12.9m
- Investments
- $751.7k
- Employees
- 65
- Location
- Tempe, AZ
- Founding
- 01/1983
- Data as of
- 08/2021
- EIN
- 13-5265940
Organization Overview
Institute For Supply Management Inc is located in Tempe, AZ. The organization was established in 1983. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 08/2021, Institute For Supply Management Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Supply Management Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Institute For Supply Management Inc generated $12.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $12.4m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ADVANCE THE PRACTICE OF SUPPLY MANAGEMENT TO DRIVE VALUE AND COMPETITIVE ADVANTAGE, AND CONTRIBUTE TO A PROSPEROUS, SUSTAINABLE WORLD.
Describe the Organization's Program Activity:
ISM'S CAPS RESEARCH, AFFILIATED WITH THE ARIZONA STATE UNIVERSITY'S W.P. CAREY SCHOOL OF BUSINESS, HAS THE MISSION TO EMPOWER SUPPLY MANAGEMENT PROFESSIONALS WITH PROFOUND DISCOVERY, POWERFUL CONNECTIONS, AND CLEAR FORESIGHT. CAPS RESEARCH PUBLISHES SPECIFIC STUDIES, INCLUDING BENCHMARKING REPORTS, CRITICAL ISSUES, AND RESEARCH PUBLICATIONS. IN ADDITION, CAPS HOSTS THE DOMESTIC AND INTERNATIONAL EXECUTIVE ROUNDTABLES, CRITICAL ISSUE EXCHANGE, AND RESEARCH PIPELINE EVENTS THROUGHOUT THE YEAR.
EDUCATION AND CERTIFICATION: ISM PROVIDES ONLINE AND IN-PERSON EDUCATION AND TRAINING ON SUPPLY CHAIN MANAGEMENT AND TRENDING TOPICS, COMPETENCIES, AND BEST PRACTICES. INDIVIDUALS CAN QUALIFY AND RECERTIFY FOR ISM'S CERTIFICATIONS THROUGH A SERIES OF EXAMINATIONS THAT ASSESS THE INDIVIDUAL'S KNOWLEDGE BASE, COMPETENCIES AND CONSIDER THEIR EXPERIENCE WITHIN THE FIELD.
EDUCATIONAL SUPPORT, DEVELOPMENT AND PRODUCTS; NATIONAL GROUPS/FORUMS; SEMINARS; CORPORATE PROGRAMS; VOLUNTEER AND ASSOCIATION GOVERNANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Derry CEO | OfficerTrustee | 40 | $492,494 |
Debbie Fogel-Monnissen CFO | Officer | 40 | $295,425 |
Susan Marty Cpo | Officer | 40 | $265,025 |
Gregory Peterson VP Sales | Officer | 40 | $252,525 |
Nora Neibergall Sr Vp/secretary (retired 4/29/2022) | Officer | 40 | $224,094 |
Richard Aston Director Of Fp&a | 40 | $170,045 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Richard Aston Consulting Fees | 8/30/20 | $120,983 |
Brightfind Website | 8/30/20 | $558,051 |
Av Concepts Inc Event Av Services | 8/30/20 | $408,506 |
Jefe Inc Digital Training Courses | 8/30/20 | $210,000 |
Washington Speakers Bureau Event Speakers | 8/30/20 | $396,219 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,624 |
| Related organizations | $0 |
| Government grants | $1,092,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $534,154 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,698,278 |
| Total Program Service Revenue | $8,328,507 |
| Investment income | $89,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,151,015 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $89,312 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,552,214 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,909,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,400 |
| Grants and other assistance to domestic individuals. | $40,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,638,508 |
| Compensation of current officers, directors, key employees. | $2,070,552 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,710,691 |
| Pension plan accruals and contributions | $592,569 |
| Other employee benefits | $844,861 |
| Payroll taxes | $356,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $207,822 |
| Fees for services: Accounting | $61,606 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $720,831 |
| Advertising and promotion | $201,773 |
| Office expenses | $43,000 |
| Information technology | $567,674 |
| Royalties | $17,992 |
| Occupancy | $641,273 |
| Travel | $35,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $571,729 |
| Insurance | $71,753 |
| All other expenses | $91,688 |
| Total functional expenses | $12,378,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,152,179 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,791,821 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,271 |
| Prepaid expenses and deferred charges | $369,728 |
| Net Land, buildings, and equipment | $336,015 |
| Investments—publicly traded securities | $6,337,310 |
| Investments—other securities | $751,723 |
| Investments—program-related | $0 |
| Intangible assets | $1,959,396 |
| Other assets | $104,922 |
| Total assets | $18,812,365 |
| Accounts payable and accrued expenses | $1,194,323 |
| Grants payable | $0 |
| Deferred revenue | $3,118,361 |
| 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 | $4,312,684 |
| Net assets without donor restrictions | $13,350,321 |
| Net assets with donor restrictions | $1,149,360 |
| 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 | $18,812,365 |
Grants Awarded
Over the last fiscal year, Institute For Supply Management Inc has awarded $39,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: PHARMA FORUM SCHOLARSHIP | $30,000 |
Detroit, MI PURPOSE: GENERAL SUPPORT/UPMG DONATION | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Institute For Supply Management Inc has recieved totaling $35.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Charter Schools Foundation Phoenix, AZ | $87,939,377 | $45,500,400 |
Salesforce Com Foundation San Francisco, CA | $419,674,142 | $105,083,193 |
Foundation For Grossmont And Cuyamaca Colleges El Cajon, CA | $30,579,750 | $41,100,641 |
Archival Foundation Beverly Hills, CA | $70,496,412 | $21,253,596 |
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |