Form 990 for tax year 2023
Filed by THE PARKING INDUSTRY INSTITUTE.
Totals
- Total revenue
- $53,131
- Total expenses
- $86,522
- Contributions and grants received
- $34,100
- Grants paid
- $42,500
- Program service revenue
- $0
- Investment income
- $19,031
- Other revenue
- $0
- Total assets, end of year
- $485,240
- Total liabilities, end of year
- $1,650
- Net assets or fund balances, end of year
- $483,590
- Program services expenses (Part IX)
- $42,500
- Management and general expenses
- $44,022
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $42,500
Program services were 49.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1f · All other contributions, gifts and grants
$34,100
-
3 · Investment income
total $12,060 · excluded $12,060
-
7a · Gross sales of assets other than inventory
securities $14,963
-
7b · Less cost or other basis and sales expenses
securities $7,992
-
7c · Gain or loss
securities $6,971
-
7d · Net gain or loss
total $6,971 · excluded $6,971
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,000 · program services $1,000
-
2 · Grants to domestic individuals
total $41,500 · program services $41,500
-
11a · Fees: management
total $6,000 · management and general $6,000
-
11b · Fees: legal
total $6,664 · management and general $6,664
-
11c · Fees: accounting
total $8,720 · management and general $8,720
-
11f · Fees: investment management
total $4,239 · management and general $4,239
-
12 · Advertising and promotion
total $17,400 · management and general $17,400
-
14 · Information technology
total $919 · management and general $919
-
24a · Other expenses: OTHER EXPENSES
total $80 · management and general $80
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $149,754 · end of year $121,972
-
4 · Accounts receivable
beginning of year $21,150
-
9 · Prepaid expenses and deferred charges
end of year $2,660
-
11 · Investments: publicly traded securities
beginning of year $334,773 · end of year $360,608
-
17 · Accounts payable and accrued expenses
beginning of year $1,650 · end of year $1,650
-
27 · Net assets without donor restrictions
beginning of year $482,843 · end of year $462,406
-
28 · Net assets with donor restrictions
beginning of year $21,184 · end of year $21,184
Mission and programs · 2023
Mission
SUPPORTING EDUCATION AND EDUCATIONAL OPPORTUNITIES OF THE ITS MEMBERS, THEIR EMPLOYEES AND DEPENDENTS BASED ON MERITS, SCHOLASTIC ACHIEVEMENTS, AND EXTRACURRICULAR ACHIEVEMENTS, CHARACTER, MERITORIOUS SERVICE AND APPLICATION CRITERIA SUCH AS TRANSCRIPTS AND RECOMMENDATIONS.
Activities or mission (Part I)
TO PROMOTE RESEARCH ON PROBLEMS RELATING TO THE PARKING INDUSTRY AND EDUCATION AND RECOGNITION OF INDIVIDUALS.
-
SCHOLARSHIP PROGRAM - ASSIST STUDENTS WITH DEMONSTRATED FINANCIAL NEED TO DEFRAY THEIR UNDERGRADUATE EXPENSES. RECOGNIZE AND ASSIST ACADEMICALLY TALENTED STUDENTS TO ATTEND THE INSTITUTION OF THEIR CHOICE. PROVIDE FINANCIAL AID TO SUPPORT THE PARKING INDUSTRY'S COMMITMENT TO ADVANCE EDUCATIONAL OPPORTUNITIES.
Expenses $41,500 · Grants $41,500
-
RESEARCH GRANTS - SUPPORT FOR RESEARCH GRANTS TO CONDUCT ECONOMIC AND TREND RESEARCH ON AND ABOUT THE PARKING INDUSTRY.
Expenses $1,000 · Grants $1,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Christine BanningCHRISTINE BANNING
SECRETARY/TREASURER/ED
- Total calculated
- $457,931
- From this org
- $0
- From related orgs
- $421,058
- Other
- $36,873
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $371,058 related
- Bonus
- $0 + $50,000 related
- Other
- $0
- Deferred
- $0 + $17,400 related
- Nontaxable benefits
- $0 + $19,473 related
- Filer's total
- $0 + $457,931 related
-
Thomas L CarterTHOMAS L CARTER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
David GroeneDAVID GROENE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Regina McLaurinREGINA MCLAURIN
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Gregory S HatfieldGREGORY S HATFIELD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alex IsraelALEX ISRAEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nicolle JudgeNICOLLE JUDGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jerry MarcusJERRY MARCUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert PohrerROBERT POHRER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Barbara WolfeBARBARA WOLFE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
-
501(C)(6) · TO INFORM MEMBERS ABOUT THE PARKING INDUSTRY · DC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510509349302011
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