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← INSTITUTE OF MANAGEMENT ACCOUNTANTS MEMORIAL EDUCATION FUND INC

Form 990 for tax year 2022

Filed by INSTITUTE OF MANAGEMENT ACCOUNTANTS MEMORIAL EDUCATION FUND INC.

Totals

Total revenue
$238,064
Total expenses
$52,429
Contributions and grants received
$104,939
Grants paid
$46,013
Program service revenue
$0
Investment income
$133,125
Other revenue
$0
Total assets, end of year
$3,544,670
Total liabilities, end of year
$100,000
Net assets or fund balances, end of year
$3,444,670
Program services expenses (Part IX)
$48,314
Management and general expenses
$4,115
Fundraising expenses
$0
Program service expenses (Part III)
$48,314

Program services were 92.2% 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.

  • 1d · Related organizations

    $104,939

  • 3 · Investment income

    total $78,168 · excluded $78,168

  • 7a · Gross sales of assets other than inventory

    securities $174,738

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

    securities $119,781

  • 7c · Gain or loss

    securities $54,957

  • 7d · Net gain or loss

    total $54,957 · excluded $54,957

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,763 · program services $8,763

  • 2 · Grants to domestic individuals

    total $37,250 · program services $37,250

  • 11f · Fees: investment management

    total $4,115 · management and general $4,115

  • 24a · Other expenses: SHARED ALLOCATION

    total $2,301 · program services $2,301

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,000 · end of year $1,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,177,034 · end of year $3,465,624

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $21,422 · end of year $78,046

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $100,000 · end of year $100,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,099,456 · end of year $3,444,670

Mission and programs · 2022

Mission

TO ACCEPT REQUESTS AND GIFTS AND MAKE GRANTS TO SUPPORT EDUCATIONAL PROGRAMS ON MANAGEMENT ACCOUNTING.

Activities or mission (Part I)

TO ACCEPT BEQUESTS AND GIFTS AND MAKE GRANTS TO SUPPORT EDUCATIONAL PROGRAMS ON MANAGEMENT.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $48,314 · Grants $46,013

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Jeffrey Thomson Cma Csca Cae

    SECRETARY/TREASURER

    Total calculated
    $735,445
    From this org
    $0
    From related orgs
    $712,599
    Other
    $22,846
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $647,073 related
    Bonus
    $0 + $65,526 related
    Other
    $0
    Deferred
    $0 + $20,400 related
    Nontaxable benefits
    $0 + $2,446 related
    Filer's total
    $0 + $735,445 related

  • Michael Deprisco

    SECRETARY/TREASURER (AS OF 04/23)

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

  • J Stephen McNally Cma CPA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Gwen Van Berne Cma

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Peter J Dolancmacfmcscacpa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • Jane E Karli Cma

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Richard T Brady Cma Cgfm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Russ Porter Cma Cfm Csca

    CFO

    Total calculated
    $431,518
    From this org
    $0
    From related orgs
    $411,194
    Other
    $20,324
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,269 related
    Bonus
    $0 + $29,925 related
    Other
    $0
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $8,124 related
    Filer's total
    $0 + $431,518 related

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

The filer's explanations (Part III)

PART I, LINE 3
THE CEO AND CFO OF THE CONTROLLING AFFILIATE (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC.) ARE OFFICERS (SECRETARY AND TREASURER) OF THE ENTITY. COMPENSATION OF OFFICERS, IF ANY, ARE REVIEWED AND APPROVED BY INDEPENDENT MEMBERS OF THE CONTROLLING AFFILIATE'S BOARD ANNUALLY AFTER REVIEW OF COMPARABLE DATA AND DELIBERATION MEETINGS ARE CONTEMPORANEOUSLY RECORDED.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • IMA SERVICES INC (IMAS)

    C · EDUCATION SERVICE · NJ

    Directly controlled by IMA

  • BEIJING IMA MANAGEMENT CONSULTING LTD

    C · EDUCATION SUPPORT SERVICE · CH

    Directly controlled by IMAS

  • INST OF MGMT ACCTS INDIA PRIVATE LTD

    C · EDUCATION SUPPORT SERVICE · IN

    Directly controlled by ICMA

  • IMA SOUTH EAST ASIA PTE LTD

    C · EDUCATION SUPPORT · SN

    Directly controlled by IMA

  • IMA EGYPT FOR CONSULTANCY

    C · EDUCATION SUPPORT · EG

    Directly controlled by IMAICMA

  • IMA ARABIA

    C · EDUCATION SUPPORT · SA

    Directly controlled by IMA

Provenance

Return type
form_990
Tax year
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202431219349302208

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