Foundation Of The Professional Convention Management Asso
- Assets
- $9.1m
- Revenue
- $1.0m
- Investments
- $541.9k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1985
- Data as of
- 12/2021
- EIN
- 52-9999947
Organization Overview
Foundation Of The Professional Convention Management Asso is located in Chicago, IL. The organization was established in 1985. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The Professional Convention Management Asso 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, Foundation Of The Professional Convention Management Asso generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $934.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foundation Of The Professional Convention Management Asso has awarded 49 individual grants totaling $2,771,888. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH AND EDUCATION FOR THE BUSINESS EVENTS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT GIVING - TO SUPPORT EDUCATION, RESEARCH AND SCHOLARSHIPS IN THE BUSINESS EVENTS INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Ranalli Chair | OfficerTrustee | 2 | $0 |
Charles L Starks Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Valerie M Sumner Immediate Past Chair | OfficerTrustee | 2 | $0 |
Sherrif Karamat President & CEO | Officer | 8 | $0 |
Meredith Rollins Executive Director | Officer | 20 | $0 |
Carol Mcgury Immediate Past Chair (until 01/21) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyatt Regency Lake Tahoe Event Services | 12/30/17 | $103,129 |
Mariott Marquis Washington Dc Event Services | 12/30/17 | $220,567 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $177,572 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $237,409 |
| Noncash contributions included in lines 1a–1f | $31,502 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,981 |
| Total Program Service Revenue | $0 |
| Investment income | $256,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $384,028 |
| Net Income from Fundraising Events | -$31,503 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,028,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $316,231 |
| Grants and other assistance to domestic individuals. | $155,765 |
| Grants and other assistance to Foreign Orgs/Individuals | $74,291 |
| 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 | $193,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,121 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,107 |
| Fees for services: Other | $39,117 |
| Advertising and promotion | $1,040 |
| Office expenses | $52,021 |
| Information technology | $119 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,376 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $934,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,033 |
| Savings and temporary cash investments | $369,810 |
| Pledges and grants receivable | $70,838 |
| Accounts receivable, net | $202,761 |
| 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 | $3,521 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,739,159 |
| Investments—other securities | $541,920 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,671 |
| Total assets | $9,084,713 |
| Accounts payable and accrued expenses | $341,280 |
| Grants payable | $0 |
| Deferred revenue | $177,910 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $23,000 |
| 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 | $2,000,000 |
| Total liabilities | $2,542,190 |
| Net assets without donor restrictions | $6,333,589 |
| Net assets with donor restrictions | $208,934 |
| 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 | $9,084,713 |
Grants Awarded
Over the last fiscal year, Foundation Of The Professional Convention Management Asso has awarded $274,727 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION PURPOSE: FUNDING TO SUPPORT RESEARCH AND DEVELOPMENT OF PCMA PRODUCTS AND SERVICES | $191,727 |
DANIELA PLATTNER INC PURPOSE: TO PROVIDE A VALUABLE OFFERING THAT WILL DRIVE MEMBERSHIP ENGAGEMENT AND RETENTION | $67,000 |
Phoenix, AZ PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
MIDCURRENT INC PURPOSE: EVENTS INDUSTRY WELLNESS STUDY (UP TO 500 GLOBAL PARTICIPANTS),INCLUDING SURVEYS, INTERVIEWS, GROUP DISCUSSIONS, DATA ANALYSIS,IN-DEPTH REPORT, VIDEOS, DATA VISUALIZATION, AND SUPPORTINGSERVICES | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Of The Professional Convention Management Asso has recieved totaling $6,393.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: GENERAL SUPPORT | $6,393 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |