Form 990 for tax year 2023
Filed by INSTITUTE FOR PORTFOLIO ALTERNATIVES INC.
Totals
- Total revenue
- $4,841,673
- Total expenses
- $4,190,015
- Contributions and grants received
- $23,000
- Grants paid
- $0
- Program service revenue
- $4,716,931
- Investment income
- $48,991
- Other revenue
- $52,751
- Total assets, end of year
- $2,374,020
- Total liabilities, end of year
- $277,765
- Net assets or fund balances, end of year
- $2,096,255
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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
$23,000
-
2a · Program service revenue: Membership Dues & Assessments
total $2,707,734 · related or exempt $2,707,734
-
2b · Program service revenue: Seminars and Conferences
total $2,009,197 · related or exempt $2,009,197
-
3 · Investment income
total $48,991 · excluded $48,991
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other
total $52,751 · related or exempt $52,751
-
11e · Other revenue, total
$52,751
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,177,845
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $64,402
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $156,366
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $44,117
-
11d · Fees: lobbying
total $487,310
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $717,244
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $13,845
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $31,331
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,269,000
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,325
-
23 · Insurance
total $3,179
-
24a · Other expenses: Bad Debt
total $100,000
-
24b · Other expenses: Subscription & Dues
total $52,843
-
24c · Other expenses: Bank and Credit Card Fees
total $30,364
-
24d · Other expenses: Computer
total $22,830
-
24e · All other expenses
total $16,014
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $1,878,198
-
2 · Savings and temporary cash investments
beginning of year $1,092,810 · end of year $240,144
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $474,442 · end of year $130,884
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $209,891 · end of year $113,874
-
10a · Land, buildings and equipment: cost or other basis
$48,086
-
10b · Land, buildings and equipment: accumulated depreciation
$37,166
-
10c · Land, buildings and equipment, net
beginning of year $7,089 · end of year $10,920
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $381,143 · end of year $238,687
-
19 · Deferred revenue
beginning of year $110,221 · end of year $39,078
-
27 · Net assets without donor restrictions
beginning of year $1,292,868 · end of year $2,096,255
Mission and programs · 2023
Mission
National association of asset managers, industry partners, and distribution partners organized to ensure unity of direction and efficient coordination of issues relating to strategies & operational alignment in their offer & distribution of alternative investments.
Activities or mission (Part I)
Advocating direct investments through Education
-
Membership Meetings: Membership meetings are held each year to disseminate current industry trends and regulatory updates.
As filed on the 2023 return.
Listed in Part VII
-
Anya Coverman
President & CEO
- Total calculated
- $437,883
- From this org
- $420,833
- From related orgs
- $0
- Other
- $17,050
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $350,000
- Bonus
- $70,833
- Other
- not reported
- Deferred
- $17,050
- Nontaxable benefits
- not reported
- Filer's total
- $437,883
-
Megan Gavin
Director, Strategic Partnerships
- Total calculated
- $355,067
- From this org
- $335,116
- From related orgs
- $0
- Other
- $19,951
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $320,116
- Bonus
- $15,000
- Other
- not reported
- Deferred
- $12,581
- Nontaxable benefits
- $7,370
- Filer's total
- $355,067
-
Gina Gombar
VP Government Affairs
- Total calculated
- $214,628
- From this org
- $198,395
- From related orgs
- $0
- Other
- $16,233
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,395
- Bonus
- $15,000
- Other
- not reported
- Deferred
- $5,215
- Nontaxable benefits
- $11,018
- Filer's total
- $214,628
-
Tracy Mesterharm
Assoc Dir/Secretary/Treasurer
- Total calculated
- $170,267
- From this org
- $159,689
- From related orgs
- $0
- Other
- $10,578
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $119,689
- Bonus
- $40,000
- Other
- not reported
- Deferred
- $3,100
- Nontaxable benefits
- $7,478
- Filer's total
- $170,267
-
Mr Chirag Bhavsar
Chair elect
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Matt Fries
Chair
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Anne-Marie Vandenberg
Chair Emeritus
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Deann Morgan
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Ali Connaughton
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr James Goedtke
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Tom Sittema
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Douglas Krupa
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Jeremy Beal
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Mark Earley
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Bill Duffy
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Christina Fast Adamson
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Brad Sussman
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Nancy Fahmy
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Jerry Pascucci
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Brian Hurley
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Chase Bolding
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Sheila Rapple
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Thayer Gallison
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Jason Goode
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Chris Shaw
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr John McCarthy
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Paul Mumma
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Angie Fisher
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Michael Sealy
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Dallas Whitaker
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Patrick Willis
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Steven Snyder
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Daniel Cullen
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Justin Schwartz
Director
- Total calculated
- $0
- Hours/week
- 0.5
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 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 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.
-
Institute for Portfolio Alternatives Act
527(F)(3) · Political Action Committee · MD · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202401979349301400
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