Construction Financial Management Association
- Assets
- $11.7m
- Revenue
- $6.8m
- Investments
- $6.3m
- Employees
- 31
- Location
- Princeton, NJ
- Founding
- 09/1986
- Data as of
- 03/2022
- EIN
- 22-2400462
Organization Overview
Construction Financial Management Association is located in Princeton, NJ. The organization was established in 1986. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 03/2022, Construction Financial Management Association employed 31 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Construction Financial Management Association 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 03/2022, Construction Financial Management Association generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $6.7m during the year ending 03/2022. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND COORDINATE EDUCATIONAL PROGRAMS DEDICATED TO THE PURPOSE OF IMPROVING THE PROFESSIONAL STANDARDS OF CONSTRUCTION FINANCIAL MANAGERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES, CONVENTIONS & MEETINGS HELD FOR EDUCATIONAL PURPOSES TO UPDATE, INFORM & INSTRUCT FINANCIAL MANAGERS & THEIR EMPLOYEES IN THE CONSTRUCTION FINANCIAL MANAGEMENT INDUSTRY.
NEWSLETTERS, MAGAZINES, AND PROMOTIONAL MATERIALS TO ENHANCE PRIMARY GOALS LISTED IN (A) ABOVE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Binstock President/ceo | Officer | 40 | $361,732 |
Brian Summers VP Operations | 40 | $231,768 | |
Samantha Lake Vice President Of Marketing & It | 40 | $177,459 | |
Catherine Wasner VP Member & Chapter Support | 40 | $151,141 | |
Stacy Scholl Director Of Finance | Officer | 40 | $104,579 |
Kevin Booth Ccifp Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,725,638 |
| Fundraising events | $0 |
| Related organizations | $214,546 |
| 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 | $3,940,184 |
| Total Program Service Revenue | $2,687,788 |
| Investment income | $142,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,032 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,816,166 |
| 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. | $529,627 |
| Compensation of current officers, directors, key employees. | $167,097 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,261,563 |
| Pension plan accruals and contributions | $402,411 |
| Other employee benefits | $0 |
| Payroll taxes | $206,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $286,478 |
| Advertising and promotion | $179,368 |
| Office expenses | $18,425 |
| Information technology | $190,007 |
| Royalties | $0 |
| Occupancy | $213,803 |
| Travel | $97,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $783,779 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,629 |
| Insurance | $81,269 |
| All other expenses | $242,720 |
| Total functional expenses | $6,733,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,774,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,078 |
| 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 | $512,614 |
| Net Land, buildings, and equipment | $495,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,280,124 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $550,438 |
| Total assets | $11,734,249 |
| Accounts payable and accrued expenses | $559,056 |
| Grants payable | $0 |
| Deferred revenue | $4,268,758 |
| 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 | $558,703 |
| Total liabilities | $5,386,517 |
| Net assets without donor restrictions | $6,347,732 |
| Net assets with donor restrictions | $0 |
| 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 | $11,734,249 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Financial Management Association Princeton, NJ | $11,734,249 | $6,816,166 |
G R Robert Construction Co Inc Usw Welfare Tr Fund Farmingdale, NJ | $3,505,634 | $4,353,086 |
Heavy Construction Industry Fund New York, NY | $24,457,135 | $4,942,939 |
Turner Construction Company Foundation Montvale, NJ | $361,662 | $2,624,047 |
Forum To Advance Minorities In Engineering Inc Wilmington, DE | $4,753,288 | $5,079,647 |
Construction Contractors Assn Of The Hudson Valley Inc Newburgh, NY | $1,019,153 | $947,733 |
Construction Exchange Of Buffalo Western New York Buffalo, NY | $2,118,263 | $1,098,271 |
American Council Of Engineering Companies Of Pennsylvania Harrisburg, PA | $346,690 | $701,084 |
American Society Of Highway Engineers Johnstown, PA | $2,471,910 | $829,039 |
Heavy Construction Industry Promotional Fund Melville, NY | $4,649,755 | $1,071,612 |
Construction Industry Association Of Rochester Ny Inc Rochester, NY | $1,438,677 | $500,575 |
Open Transformation Lab Inc Flushing, NY | $27,316 | $315,900 |