Professional Association For Investment Communications Resources
- Assets
- $60.6k
- Revenue
- $121.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2018
- EIN
- 52-2073300
Organization Overview
Professional Association For Investment Communications Resources is located in Charlotte, NC. Professional Association For Investment Communications Resources 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 12/2018, Professional Association For Investment Communications Resources generated $121.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $226.7k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
LEAD THE INVESTMENT MARKETING PROFESSION THROUGH EDUCATION, ADVOCACY, FELLOWSHIP AND STANDARDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE SHOW/CONVENTIONS (ANNUAL AND RFP CONFERENCES) - THE ASSOCIATION HOLDS CONFERENCES AND NETWORKING EVENTS TO STIMULATE INTEREST IN THE INDUSTRY AND TO EDUCATE ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Mclagan President | OfficerTrustee | 2 | $0 |
Tom Mulligan Vice President | OfficerTrustee | 2 | $0 |
Anne Farro Treasurer | OfficerTrustee | 2 | $0 |
Tucker Slosburg Secretary | OfficerTrustee | 2 | $0 |
Michael Adelman Board Member | Trustee | 2 | $0 |
Anne Banks Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $120,733 |
| Investment income | $1,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,939 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,047 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $14,316 |
| Fees for services: Legal | $1,718 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,255 |
| Advertising and promotion | $0 |
| Office expenses | $4,580 |
| Information technology | $16,902 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,571 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $855 |
| All other expenses | $0 |
| Total functional expenses | $226,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,370 |
| Savings and temporary cash investments | $1,440 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62 |
| 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 | $8,759 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,636 |
| Accounts payable and accrued expenses | $3,752 |
| 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 | $0 |
| Total liabilities | $3,752 |
| Unrestricted restricted net Assets | $56,884 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $56,884 |