Association Of Destination Management Executives Internationa
- Assets
- $296.6k
- Revenue
- $249.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wimberley, TX
- Founding
- 05/1996
- Data as of
- 06/2022
- EIN
- 84-1335429
Organization Overview
Association Of Destination Management Executives Internationa is located in Wimberley, TX. The organization was established in 1996. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Destination Management Executives Internationa 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 06/2022, Association Of Destination Management Executives Internationa generated $249.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $312.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION OF DESTINATION MANAGEMENT EXECUTIVES INTERNATIONAL IS DEDICATED TO INCREASING THE PROFESSIONALISM AND EFFECTIVENESS OF DESTINATION MANAGEMENT THROUGH MEMBER AND INDUSTRY EDUCATION, ESTABLISHMENT OF STANDARD BUSINESS AND ETHICAL PRACTICES, AND RAISING THE LEVEL OF AWARENESS OF THE VALUE OF DESTINATION MANAGEMENT TO THE RESPECTIVE ASSOCIATION, CORPORATE AND GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER EDUCATION EVENTS - EDUCATIONAL EVENTS ARE HELD THAT OFFER OPPORTUNITIES FOR INTERACTIVE NETWORKING AND BEST PRACTICES TRAINING. THE ANNUAL CONFERENCE AND OTHER MEETINGS ARE RESOURCES FOR INFORMATION ABOUT THE GLOBAL TRENDS IN THE MEETINGS INDUSTRY. SPECIFIC FOCUS IS GIVEN ON EMERGING INFLUENCES THAT IMPACT THE DAILY CHALLENGES DESTINATION MANAGEMENT COMPANIES FACE. IN ADDITION, OTHER MEETINGS AND EXPENSES ARE NECESSARY TO PLAN FOR FUTURE PROGRAMS AND TO ASSESS PRESENT PROGRAM ACTIVITIES. MEMBERSHIP BENEFITS INCLUDE A PERIODIC NEWSLETTER, ACCESS TO INDUSTRY INFORMATION AND BUSINESS TIPS, LISTING IN THE MEMBERSHIP DIRECTORY, AND PARTICIPATION AT WORKSHOPS, WEBINARS, AND ANNUAL MEETINGS.
CERTIFICATION PROGRAM - CERTIFICATION AND ACCREDITATION PROGRAMS FOR DESTINATION MANAGEMENT PROFESSIONALS AND COMPANIES ARE OFFERED. THE PROCESS ELEVATES PROFESSIONAL STANDARDS AND DESIGNATE FIRMS THAT DEMONSTRATE ADVANCED KNOWLEDGE AND EXPERIENCE ESSENTIAL TO THE PRACTICE OF DESTINATION MANAGEMENT. THE ACCREDITED DESTINATION MANAGEMENT COMPANY (ADMC) DESIGNATION ASSISTS THE MEETING PLANNING COMMUNITY BY IDENTIFYING AND QUALIFYING STANDARDS AND CRITERIA THAT ARE INDICATIVE OF THE HIGHEST QUALITY DESTINATION MANAGEMENT SERVICE PROVIDERS. THIS PROGRAM RECOGNIZES DESTINATION MANAGEMENT COMPANIES THAT MEET AND ADHERE TO THESE STANDARDS. IN ADDITION, DESTINATION MANAGEMENT PROFESSIONALS WHO EARN THEIR DESTINATION MANAGEMENT CERTIFIED PROFESSIONAL (DMCP) DESIGNATION DEMONSTRATE THE HIGHEST LEVEL OF KNOWLEDGE AND COMMITMENT TO THE DESTINATION MANAGEMENT PROFESSION. THIS CERTIFICATION IS GOOD FOR 5 YEARS, RECERTIFICATION REQUIRES CONTINUING DEMONSTRATION OF ACTIVE INVOLVEMENT IN THE DESTINATION MANAGEMENT COMMUNITY AND CONTINUING EDUCATION IN ALL ASPECTS OF DESTINATION MANAGEMENT.
MEMBER & PUBLIC RESOURCES - WEBSITE HOSTING, DEVELOPMENT, AND SUPPORT ARE PROVIDED. THE PUBLIC IS PROVIDED WITH INFORMATION ABOUT THE ASSOCIATION OF DESTINATION MANAGEMENT EXECUTIVES INTERNATIONAL (ADMEI). MEMBERS OF THE ORGANIZATION CAN ACTIVELY SHARE IDEAS, ACCESS RESOURCE MATERIALS, AND READ THE LATEST NEWS FROM THE ADMEI OFFICE. THE WEBSITE FEATURES AN INTERACTIVE CAREER CENTER AND A STORE FOR PURCHASING STUDY GUIDES AND OTHER REFERENCES DEDICATED TO THE EDUCATION OF DESTINATION MANAGEMENT PROFESSIONALS. MEMBERS CAN ALSO ACCESS "HOTLINKS" TO ALL MAJOR INDUSTRY WEB LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonise Carey President El | OfficerTrustee | 1 | $0 |
Ashley Armstrong VP - Adminis | OfficerTrustee | 1 | $0 |
Denise Malo VP - Strat P | OfficerTrustee | 1 | $0 |
Pat Owings VP - Finance | OfficerTrustee | 1 | $0 |
Lorenzo Pignatti Past Preside | OfficerTrustee | 1 | $0 |
Jeff Nelke President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $114,091 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,591 |
| Total Program Service Revenue | $118,807 |
| Investment income | $49 |
| 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 | $249,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,097 |
| 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 | $187,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,001 |
| Office expenses | $968 |
| Information technology | $8,195 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,766 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,963 |
| All other expenses | $787 |
| Total functional expenses | $312,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,970 |
| Savings and temporary cash investments | $203,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $196 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,068 |
| Prepaid expenses and deferred charges | $17,437 |
| 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 | $296,571 |
| Accounts payable and accrued expenses | $4,609 |
| Grants payable | $0 |
| Deferred revenue | $60,645 |
| 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 | $65,254 |
| Net assets without donor restrictions | $202,933 |
| Net assets with donor restrictions | $28,384 |
| 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 | $296,571 |
Endowment Analysis
| Beg. Balance | $31,181 |
| Net Contributions | $1,300 |
| Grants | $4,097 |
| Ending Balance | $28,384 |
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