Association Of Retirees Of The Inter-American Development Bank
- Assets
- $514.3k
- Revenue
- $227.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 10/1992
- Data as of
- 12/2022
- EIN
- 52-1656218
Organization Overview
Association Of Retirees Of The Inter-American Development Bank is located in Washington, DC. The organization was established in 1992. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Retirees Of The Inter-American Development Bank is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Association Of Retirees Of The Inter-American Development Bank generated $227.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $254.1k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 6 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 SPEAK ON BEHALF OF ITS MEMBERS REGARDING THEIR RIGHTS AND INTERESTS BEFORE THE IADB AND OTHER ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022 THE ASSOCIATION OF RETIREES OF THE INTER-AMERICAN DEVELOPMENT BANK ACCOMPLISHED THE FOLLOWING: - CARRIED OUT A COMPREHENSIVE ON-LINE SURVEY TO ASK MEMBERS TO PROVIDE FEEDBACK ON THE ASSOCIATION'S PERFORMANCE. WITH A RESPONSE RATE OF 70, WE LEARNED THAT OVERALL SATISFACTION WITH THE ASSOCIATION IS HIGH, AT 85%; AND OF THE MAIN REASONS MEMBERS JOIN , CONNECTING WITH COLLEAGUES, GETTING INFORMATION ON BENEFITS, HAVING ADVOCATES LOOK OUT FOR RETIREE INTERESTS AND ENJOYING OPPORTUNITIES IN SOCIAL EVENTS. - PUBLISHED ON TIME A RECORD 12 NEWSLETTERS AS WELL AS A COMPREHENSIVE ADVANCED PLANNING HANDBOOK ON THE STEPS TO TAKE WHEN A MEMBER OR HIS OR HER SPOUSE PASSES AWAY. - MODERNIZED THE ASSOCIATION'S WEBSITE TO MAKE IT EASIER TO NAVIGATE, WHILE HIGHLIGHTING THE BENEFITS OF MEMBERSHIP. - AMENDED THE VOTING AND VOTE COUNTING REGULATIONS FOR ASSOCIATION ELECTIONS. - TOOK SWIFT ACTION TO HIRE OUTSIDE COUNSEL AND ENGAGE IDB MANAGMENT TO ENSURE THAT THE STAFF RETIREMENT PLAN'S PROVISIONS RELATED TO THE COST OF LIVING ADJUSTMENT ("COLA") TO IDB PENSIONS WERE FULLY ADHERED TO. THESE EFFORTS RESULTED IN 100% COLA ADJUSTMENT OF IDB'S INTERNATIONAL RETIREES' PENSIONS IN CALENDAR YEAR 2022. IN ADDITION, PROVIDED LONG TERM BENEFITS TO ALL INTERNATIONAL RETIREES BY ENSURING THE PRESERVATION OF THE PENSIONS' REAL VALUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isabel Larson President | OfficerTrustee | 10 | $0 |
Sandra Darville Vice President | OfficerTrustee | 6 | $0 |
Dora Currea Secretary | OfficerTrustee | 7 | $0 |
Laura Guarnieri Deputy Secretary | OfficerTrustee | 4 | $0 |
Claudia Franco Treasurer | OfficerTrustee | 7 | $0 |
Jose Vivas Deputy Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,331 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,655 |
| Total Program Service Revenue | $0 |
| Investment income | $3,972 |
| 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 | $227,627 |
| 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 | $88,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,636 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,391 |
| Advertising and promotion | $0 |
| Office expenses | $5,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $2,448 |
| Total functional expenses | $254,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,546 |
| Savings and temporary cash investments | $286,737 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $514,283 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,463 |
| Total liabilities | $1,463 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $539,276 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$26,456 |
| Total liabilities and net assets/fund balances | $514,283 |