Form 990 for tax year 2022
Filed by INTERNATIONAL MONETARY CONFERENCE.
Totals
- Total revenue
- $1,173,148
- Total expenses
- $1,082,598
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,173,000
- Investment income
- $148
- Other revenue
- $0
- Total assets, end of year
- $2,178,677
- Total liabilities, end of year
- $1,673,680
- Net assets or fund balances, end of year
- $504,997
- 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: MEMBERSHIP DUES
total $1,173,000 · related or exempt $1,173,000
-
3 · Investment income
total $148 · excluded $148
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $25,595
-
11g · Fees: other
total $35,126
-
13 · Office expenses
total $34,254
-
14 · Information technology
total $62,565
-
16 · Occupancy
total $63,502
-
17 · Travel
total $231,953
-
19 · Conferences, conventions and meetings
total $337,563
-
24a · Other expenses: ADMINISTRATIVE EXPENSES
total $185,046
-
24b · Other expenses: OVERHEAD
total $98,922
-
24c · Other expenses: AWARDS & RECOGNITION
total $8,072
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $63,384 · end of year $483,062
-
2 · Savings and temporary cash investments
beginning of year $1,477,588 · end of year $1,477,436
-
9 · Prepaid expenses and deferred charges
beginning of year $245,346 · end of year $218,179
-
17 · Accounts payable and accrued expenses
beginning of year $4,135 · end of year $14,996
-
19 · Deferred revenue
beginning of year $1,173,000 · end of year $1,475,000
-
25 · Other liabilities
beginning of year $194,736 · end of year $183,684
-
27 · Net assets without donor restrictions
beginning of year $414,447 · end of year $504,997
Mission and programs · 2022
Mission
(SEE SCHEDULE O)THE INTERNATIONAL MONETARY CONFERENCE (IMC) IS FORMED UNDER THE AUSPICES OF THE AMERICAN BANKERS ASSOCIATION FOR THE PURPOSE OF CREATING A BETTER UNDERSTANDING OF INTERNATIONAL FINANCIAL AND MONETARY SYSTEMS AND FOR ENCOURAGING THE COOPERATION OF THE FINANCIAL INSTITUTIONS OF THE VARIOUS NATIONS SO THAT THEY MAY SERVE MOST EFFECTIVELY THE PEOPLE OF THEIR NATIONS.
Activities or mission (Part I)
TO CREATE A BETTER UNDERSTANDING OF INTERNATIONAL FINANCIAL AND MONETARY SYSTEMS.
-
ANNUAL CONFERENCE: EACH YEAR, MEMBERS OF THE INTERNATIONAL MONETARY CONFERENCE ATTEND A THREE-DAY FORUM IN WHICH THEY DISCUSS VARIOUS INTERNATIONAL BANKING ISSUES. THE 2023 CONFERENCE TOOK PLACE SEPTEMBER 11-13, 2022
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert S NicholsROBERT S NICHOLS
EXECUTIVE VICE PRESIDENT
- Total calculated
- $3,496,516
- From this org
- $0
- From related orgs
- $3,433,603
- Other
- $62,913
- Hours/week
- 1 + 36.5 related
Schedule J breakdown matched by us
- Base
- $0 + $1,788,425 related
- Bonus
- $0 + $1,200,000 related
- Other
- $0 + $445,178 related
- Deferred
- $0 + $36,600 related
- Nontaxable benefits
- $0 + $26,313 related
- Filer's total
- $0 + $3,496,516 related
-
John C DuganJOHN C DUGAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Carlos Torres VilaCARLOS TORRES VILA
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Victor DodigVICTOR DODIG
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Colin HuntCOLIN HUNT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shayne NelsonSHAYNE NELSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pietro StellaPIETRO STELLA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Johann StroblJOHANN STROBL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Johan ThijsJOHAN THIJS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jong Kyoo YoonJONG KYOO YOON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Darryl WhiteDARRYL WHITE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Karin Petersen FlynnKARIN PETERSEN FLYNN
CHIEF FINANCIAL OFFICER
- Total calculated
- $751,774
- From this org
- $0
- From related orgs
- $648,376
- Other
- $103,398
- Hours/week
- 1 + 36.5 related
Schedule J breakdown matched by us
- Base
- $0 + $486,585 related
- Bonus
- $0 + $148,000 related
- Other
- $0 + $13,791 related
- Deferred
- $0 + $77,148 related
- Nontaxable benefits
- $0 + $26,250 related
- Filer's total
- $0 + $751,774 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 4B
- THE ORGANIZATION DOES NOT PROVIDE A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO ITS BOARD MEMBERS AND OFFICERS. MEMBERS OF EXECUTIVE LEADERSHIP OF THE RELATED ORGANIZATION, AMERICAN BANKERS ASSOCIATION, PARTICIPATE IN A NON-QUALIFIED SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN. THE ACCRUED PRESENT VALUE OF ESTIMATED BENEFITS FOR THE YEAR PROVIDED BY AMERICAN BANKERS ASSOCIATION IS AS FOLLOWS: KARIN PETERSEN FLYNN $40,548 ROBERT S. NICHOLS $323,400
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) · BANKING MEMBERSHIP · DC
-
ABA COMMUNITY ENGAGEMENT FOUNDATION
501(C)(3) · EDUCATION · DC
Directly controlled by AMERICAN BANKERS ASSOCIATION
-
501(C)(6) · EDUCATION, MEMBERSHIP · DE
Directly controlled by AMERICAN BANKERS ASSOCIATION
-
501(C)(6) · FINANCIAL SERVICES · DE
Directly controlled by AMERICAN BANKERS ASSOCIATION
-
JEFFREY AND DIANA OWEN SCHOLARSHIP FOR EMERGING COMMUNITY BANK LEADERS INC
501(C)(3) · EDUCATIONAL ACTIVITIES · DC
Directly controlled by AMERICAN BANKERS ASSOCIATION
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.
-
ABA CARD SOLUTIONS INC
C · BUSINESS SERVICES · DE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441949349300839
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