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← COUNCIL OF INSTITUTIONAL INVESTORS

Form 990 for tax year 2023

Filed by COUNCIL OF INSTITUTIONAL INVESTORS.

Totals

Total revenue
$4,507,998
Total expenses
$3,708,191
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,353,403
Investment income
$148,276
Other revenue
$6,319
Total assets, end of year
$9,833,473
Total liabilities, end of year
$2,533,717
Net assets or fund balances, end of year
$7,299,756
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBER DUES

    total $3,380,256 · related or exempt $3,380,256

  • 2b · Program service revenue: CONFERENCES & MEETINGS

    total $973,147 · related or exempt $973,147

  • 3 · Investment income

    total $157,990 · excluded $157,990

  • 7b · Less cost or other basis and sales expenses

    other assets $9,714

  • 7c · Gain or loss

    other assets -$9,714

  • 7d · Net gain or loss

    total -$9,714 · excluded -$9,714

  • 11a · Other revenue: OTHER REVENUE

    total $6,319 · excluded $6,319

  • 11e · Other revenue, total

    $6,319

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,377,975

  • 7 · Other salaries and wages

    total $595,778

  • 8 · Pension plan contributions

    total $52,799

  • 9 · Other employee benefits

    total $93,592

  • 10 · Payroll taxes

    total $112,615

  • 11b · Fees: legal

    total $19,279

  • 11c · Fees: accounting

    total $76,726

  • 11g · Fees: other

    total $8,765

  • 12 · Advertising and promotion

    total $9,337

  • 13 · Office expenses

    total $86,892

  • 14 · Information technology

    total $32,284

  • 16 · Occupancy

    total $181,354

  • 17 · Travel

    total $32,473

  • 19 · Conferences, conventions and meetings

    total $809,918

  • 22 · Depreciation, depletion and amortization

    total $19,776

  • 23 · Insurance

    total $49,385

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $103,526

  • 24b · Other expenses: PENSION ADMIN

    total $34,277

  • 24c · Other expenses: MEALS AND ENTERTAINMENT

    total $9,774

  • 24d · Other expenses: MAINTENANCE

    total $1,542

  • 24e · All other expenses

    total $124

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $136

  • 2 · Savings and temporary cash investments

    beginning of year $4,538,456 · end of year $4,697,077

  • 4 · Accounts receivable

    end of year $28,623

  • 9 · Prepaid expenses and deferred charges

    beginning of year $942,274 · end of year $1,504,730

  • 10a · Land, buildings and equipment: cost or other basis

    $146,766

  • 10b · Land, buildings and equipment: accumulated depreciation

    $81,639

  • 10c · Land, buildings and equipment, net

    beginning of year $53,717 · end of year $65,127

  • 11 · Investments: publicly traded securities

    beginning of year $3,243,490 · end of year $3,513,958

  • 14 · Intangible assets

    beginning of year $61,751

  • 15 · Other assets

    beginning of year $14,172 · end of year $23,958

  • 17 · Accounts payable and accrued expenses

    beginning of year $327,050 · end of year $259,193

  • 19 · Deferred revenue

    beginning of year $2,568,900 · end of year $2,274,524

  • 25 · Other liabilities

    beginning of year $160,000

  • 27 · Net assets without donor restrictions

    beginning of year $5,798,046 · end of year $7,299,756

Mission and programs · 2023

Mission

EDUCATE/ADVOCATE FOR EFFECTIVE CORPORATE GOVERNANCE AND PUBLIC COMPANY DISCLOSURE, STRONG SHAREHOLDER RIGHTS AND FAIR CAPITAL MARKETS.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • EDUCATION AND RESEARCH IN 2023, CII HOSTED TWO NATIONAL CONFERENCES WITH MORE THAN 800 MEMBER ATTENDEES IN PERSON, AND AN IN-PERSON PROFESSIONAL TRAINING COURSE IN PARTNERSHIP WITH NYU LAW SCHOOL'S CENTER FOR CORPORATE GOVERNANCE & FINANCE WITH 65 PARTICIPANTS. THE FALL CONFERENCE INCLUDED 46 SHAREHOLDER-COMPANY ENGAGEMENT MEETINGS ("ENGAGEMENT EXCHANGE"). CII HOSTED NUMEROUS PODCASTS AND 22 WEBINARS DURING THE YEAR ON A WIDE RANGE OF TOPICS RELATED TO CORPORATE GOVERNANCE, SHAREHOLDER RIGHTS AND CAPITAL MARKETS REGULATION AND LEGISLATION. CII PUBLISHED THE CII GOVERNANCE ALERT MEMBER NEWSLETTER ON A WEEKLY BASIS. CII ALSO PUBLISHED A REPORT TITLED "IMPLICATIONS OF PROPOSED UPDATES TO FEDERAL BENEFIT- ANALYSIS." CII STAFF PRESENTED FREQUENTLY AT CONFERENCES AND AT REGULATORY AND LEGISLATIVE FORUMS.

  • ADVOCACY AND ENGAGEMENT: CII MEMBERS MET TWICE IN 2023 AND APPROVED: (1) AMENDMENTS TO OUR CORPORATE GOVERNANCE POLICIES CALLING ON COMPANIES TO DISCLOSE THE IDENTITY OF PROPONENTS OF SHAREHOLDER RESOLUTIONS, (2) AMENDMENTS TO POLICY ON THE TIMING OF THE AVAILABILITY OF PROXY STATEMENTS. CII WORKED CONSISTENTLY DURING THE YEAR TO DEFEND SHAREHOLDER RIGHTS AND PROTECTIONS. CII'S EXECUTIVE DIRECTOR TESTIFIED BEFORE THE HOUSE COMMITTEE ON FINANCIAL SERVICES' SUBCOMMITTEE ON CAPITAL MARKETS ON GOVERNANCE REFORMS ADVANCED BY THE SEC. CII ADVOCATED FOR "SUNSET" PROVISIONS FOR DUAL-CLASS STOCK STRUCTURES AT PUBLIC COMPANIES. CII ALSO ADVOCATED FOR STANDARDIZED CORPORATE DISCLOSURES OF CLIMATE RISK, LIABILITY FOR ERRORS AND OMISSIONS IN REGISTRATION STATEMENTS FOR PRIMARY DIRECT LISTINGS, AND CLAWBACK PROPOSALS. CII JOINED 12 OTHER ORGANIZATIONS IN FILING AN AMICUS BRIEF SUPPORTING THE SEC IN A LEGAL CHALLENGE TO PRIVATE FUND ADVISOR RULES (IN THE U.S. COURT OF APPEALS FOR THE FIFTH CIRCUIT).

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Scott Zdrazil

    CHAIR (THROUGH 03/23)

    Total calculated
    $0
    Hours/week
    3

  • Aeisha Mastagni

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Thomas McIntyre

    CO-CHAIR (THROUGH 03/23)

    Total calculated
    $0
    Hours/week
    3

  • Margaret Foran

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Michael McCauley

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Tejal Patel

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Katie Hoffman

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Michael Pryce-Jones

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Mary Francis

    BOARD MEMBER (THROUGH 03/23)

    Total calculated
    $0
    Hours/week
    3

  • Joe Aguilar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Patti Gazda

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Tracy Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Margaret Madden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Yumi Narita

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Simiso Nzima

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jennifer O'Dell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Elizabeth Parisian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Mitch Vogel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Amy Borrus

    EXECUTIVE DIRECTOR

    Total calculated
    $422,252
    From this org
    $402,286
    From related orgs
    $0
    Other
    $19,966
    Hours/week
    55 + 3 related

    Schedule J breakdown matched by us

    Base
    $402,286
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,966
    Filer's total
    $422,252

  • Jeff Mahoney

    GENERAL COUNSEL

    Total calculated
    $446,397
    From this org
    $392,713
    From related orgs
    $0
    Other
    $53,684
    Hours/week
    55 + 3 related

    Schedule J breakdown matched by us

    Base
    $392,713
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $53,684
    Filer's total
    $446,397

  • Glenn Davis

    DEPUTY DIRECTOR

    Total calculated
    $288,801
    From this org
    $239,873
    From related orgs
    $0
    Other
    $48,928
    Hours/week
    55 + 3 related

    Schedule J breakdown matched by us

    Base
    $239,873
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $48,928
    Filer's total
    $288,801

  • Melissa Fader

    DIRECTOR OF OPERATIONS & MEMBERSHIP

    Total calculated
    $220,525
    From this org
    $190,384
    From related orgs
    $0
    Other
    $30,141
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $190,384
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,141
    Filer's total
    $220,525

  • Rosemary Lally

    EDITOR

    Total calculated
    $173,728
    From this org
    $125,313
    From related orgs
    $0
    Other
    $48,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,313
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $48,415
    Filer's total
    $173,728

  • Michael Miller

    IT & RESOURCES DIRECTOR

    Total calculated
    $121,269
    From this org
    $103,803
    From related orgs
    $0
    Other
    $17,466
    Hours/week
    40

  • Kylund Arnold

    BUSINESS MANAGER

    Total calculated
    $112,790
    From this org
    $100,202
    From related orgs
    $0
    Other
    $12,588
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 August 2024
IRS schema version
2023v5.1
Source object
202402199349300435

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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