Professional Convention Management Association
- Assets
- $14.5m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 59
- Location
- Chicago, IL
- Founding
- 02/1967
- Data as of
- 12/2022
- EIN
- 36-2597526
Organization Overview
Professional Convention Management Association is located in Chicago, IL. The organization was established in 1967. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Professional Convention Management Association employed 59 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Professional Convention 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 12/2022, Professional Convention Management Association generated $13.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $14.5m during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 8 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 PROMOTE THE VALUE OF PROFESSIONAL CONVENTION MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENING LEADERS BUSINESS EVENTS:THIS PROGRAM PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR PCMA MEMBERS AND OTHERS IN THE BUSINESS EVENTS INDUSTRY. THE EVENT PROMOTES THE VALUE OF BUSINESS EVENTS.
DESTINATION SHOWCASE:THIS PROGRAM PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR PCMA MEMBERS AND OTHERS IN THE BUSINESS EVENT INDUSTRY. THE EVENT PROMOTES THE VALUE OF BUSINESS EVENTS.
EDUCATION CONFERENCE BUSINESS EVENTS:THIS PROGRAM PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR PCMA MEMBERS AND OTHERS IN THE BUSINESS EVENTS INDUSTRY. THE EVENT PROMOTES THE VALUE OF BUSINESS EVENTS.
DIGITAL EVENTS: THIS PROGRAM IS DEDICATED TO PROVIDING LIVE EVENT STREAMING FOR PCMA EVENTS, AS WELL AS PROVIDING HIGH LEVEL EDUCATION TO MEETING PROFESSIONALS, HYBRID AND/OR DIGITAL EVENT PRODUCERS WHO ARE NEW OR SEASONED DIGITAL EVENTS PRODUCERS IN THE DIGITAL EVENT SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles L Starks Chair | OfficerTrustee | 2 | $0 |
Kirsten Olean Immediate Past Pcma Chair | OfficerTrustee | 2 | $0 |
Angie Ranalli Immediate Past Foundation Chair | OfficerTrustee | 2 | $0 |
Stuart L Ruff-Lyon Immediate Past Chair Until 1/12/22 | OfficerTrustee | 3 | $0 |
Desiree Knight Chair-Elect | OfficerTrustee | 2 | $0 |
Leonard Hoops Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caesars Entertainment Event Services | 12/30/22 | $1,101,098 |
Heritage Trade Show Services Event Services | 12/30/22 | $581,260 |
Marriott Hotel Services Inc Event Services | 12/30/22 | $375,000 |
T3 Expo Llc Event Services | 12/30/22 | $238,105 |
Hyatt Regency New Orleans Event Services | 12/30/22 | $200,460 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $200,701 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,061 |
| Noncash contributions included in lines 1a–1f | $18,061 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,762 |
| Total Program Service Revenue | $11,875,581 |
| Investment income | $208,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $181,003 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $409,890 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,128,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $2,652,687 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,806,602 |
| Pension plan accruals and contributions | $276,618 |
| Other employee benefits | $811,916 |
| Payroll taxes | $460,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,492 |
| Fees for services: Accounting | $102,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,154 |
| Fees for services: Other | $1,050,728 |
| Advertising and promotion | $505,517 |
| Office expenses | $30,261 |
| Information technology | $661,339 |
| Royalties | $0 |
| Occupancy | $570,373 |
| Travel | $611,896 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,769,613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $261,382 |
| Insurance | $91,297 |
| All other expenses | $251,500 |
| Total functional expenses | $14,482,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,481 |
| Savings and temporary cash investments | $148,354 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,714,898 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,956 |
| Prepaid expenses and deferred charges | $1,011,728 |
| Net Land, buildings, and equipment | $823,151 |
| Investments—publicly traded securities | $6,256,938 |
| Investments—other securities | $0 |
| Investments—program-related | $326,000 |
| Intangible assets | $37,437 |
| Other assets | $2,487,183 |
| Total assets | $14,503,126 |
| Accounts payable and accrued expenses | $1,697,589 |
| Grants payable | $0 |
| Deferred revenue | $5,778,017 |
| 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 | $5,201,778 |
| Total liabilities | $12,677,384 |
| Net assets without donor restrictions | $1,825,742 |
| 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 | $14,503,126 |