Information Technology Senior Management Forum Inc
- Assets
- $3.6m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Atlanta, GA
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 36-4252672
Organization Overview
Information Technology Senior Management Forum Inc is located in Atlanta, GA. The organization was established in 2002. According to its NTEE Classification (J21) the organization is classified as: Vocational Counseling, under the broad grouping of Employment and related organizations. As of 12/2021, Information Technology Senior Management Forum Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Information Technology Senior Management Forum 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 12/2021, Information Technology Senior Management Forum Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 10.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ITSMF INCREASES THE REPRESENTATION OF BLACK PROFESSIONALS AT SENIOR LEVELS IN TECHNOLOGY, TO IMPACT ORGANIZATIONAL INNOVATION AND GROWTH. WE DO THIS BY DEVELOPING AND NURTURING THESE DYNAMIC LEADERS THROUGH ENRICHMENT OF THE MIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTERING UPPER-LEVEL EXECUTIVE TALENT AMONG NATIONAL AFRICAN AMERICAN INFORMATION TECHNOLOGY (IT) PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Viola Maxwell-Thompson President & CEO | OfficerTrustee | 40 | $427,306 |
Robert Scott VP & Dean Global Institute For Professional Development | Officer | 40 | $209,390 |
Elaine M Norman VP Membership & Strategic Partnerships | Officer | 40 | $122,870 |
Renea J Pierre VP Development & Partnership Engagement | Officer | 40 | $113,422 |
Myra C Herring VP Operations | Officer | 40 | $107,743 |
Johanna R Jones President & CEO | Officer | 40 | $88,252 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J Anderson Corporation Contract Services | 12/30/21 | $107,750 |
Turner Integrated Management Enterprise Consulting | 12/30/21 | $170,182 |
Taylormade Products Llc Audio Visual | 12/30/21 | $217,249 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $324,537 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,161,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,485,565 |
| Total Program Service Revenue | $1,104,925 |
| Investment income | $105,222 |
| 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 | $2,844,185 |
| 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. | $1,099,200 |
| Compensation of current officers, directors, key employees. | $439,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $263,076 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,793 |
| Payroll taxes | $84,757 |
| Fees for services: Management | $812,164 |
| Fees for services: Legal | $4,742 |
| Fees for services: Accounting | $27,498 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,394 |
| Travel | $38,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,220 |
| All other expenses | $189,244 |
| Total functional expenses | $2,872,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,277,720 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,383,606 |
| 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 | $64,311 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $848,617 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,574,254 |
| Accounts payable and accrued expenses | $110,646 |
| Grants payable | $0 |
| Deferred revenue | $2,411,660 |
| 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 | $148,507 |
| Other liabilities | $0 |
| Total liabilities | $2,670,813 |
| Net assets without donor restrictions | $803,441 |
| Net assets with donor restrictions | $100,000 |
| 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 | $3,574,254 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Information Technology Senior Management Forum Inc has recieved totaling $411,909.
| Awarding Organization | Amount |
|---|---|
Neo Philanthropy Inc New York, NY PURPOSE: Program Grant | $400,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,749 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 06/21/21 | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Jamf Nation Global Foundation Minneapolis, MN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carenet Inc Winston Salem, NC | $2,113,794 | $2,648,506 |
Information Technology Senior Management Forum Inc Atlanta, GA | $3,574,254 | $2,844,185 |
Imsa Center For Public Safety Certification Inc Rockledge, FL | $562,880 | $1,413,521 |
Phoenix Employment Services Of Wilmington Inc Wilmington, NC | $1,322,817 | $1,242,849 |
Karuna Counseling Inc Decatur, GA | $63,871 | $401,192 |
Phoenix Rehabilitation Consulting Services Inc Pace, FL | $131 | $226,118 |
Womens Entrepreneurial Opportunity Project Inc Atlanta, GA | $48,532 | $0 |
Crossroads Career Services Inc Greenville, SC | $79,601 | $0 |
Macon Regional Crime Stoppers Inc Macon, GA | $79,964 | $83,953 |
The Homeowners Employment Corporation Conyers, GA | $26,621 | $0 |
Helius Foundation Durham, NC | $21,796 | $102,152 |
North Carolina Employee Ownership Center Durham, NC | $62,088 | $0 |