Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $2,140,120

• 2a · Program service revenue: SEMINAR REVEVUES

  total $6,293,867 · related or exempt $6,293,867

• 2b · Program service revenue: LICENSEE SPONSORED PROGRAM REVENU

  total $2,578,208 · related or exempt $2,578,208

• 2c · Program service revenue: CREDENTIAL AND CE ADMIN FEES

  total $7,669 · related or exempt $7,669

• 3 · Investment income

  total $202,207 · excluded $202,207

• 6a · Gross rents

  real property $44,503

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $44,503

• 6d · Net rental income or loss

  total $44,503 · unrelated business $44,503

• 7a · Gross sales of assets other than inventory

  securities $292,520

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

  securities $0

• 7c · Gain or loss

  securities $292,520

• 7d · Net gain or loss

  total $292,520 · excluded $292,520

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $1,404,988 · related or exempt $1,404,988

• 11b · Other revenue: OTHER INVESTMENT INCOME

  total $85,613 · excluded $85,613

• 11e · Other revenue, total

  $1,490,601

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $15,592 · program services $15,592

• 7 · Other salaries and wages

  total $8,051,238 · management and general $8,051,238

• 8 · Pension plan contributions

  total $233,728 · management and general $233,728

• 9 · Other employee benefits

  total $979,080 · management and general $979,080

• 10 · Payroll taxes

  total $513,666 · management and general $513,666

• 11b · Fees: legal

  total $70,677 · management and general $70,677

• 11c · Fees: accounting

  total $40,572 · management and general $40,572

• 11f · Fees: investment management

  total $37,879 · management and general $37,879

• 11g · Fees: other

  total $593,056 · management and general $593,056

• 12 · Advertising and promotion

  total $273,216 · management and general $273,216

• 13 · Office expenses

  total $595,786 · management and general $595,786

• 14 · Information technology

  total $603,936 · management and general $603,936

• 16 · Occupancy

  total $148,453 · management and general $148,453

• 17 · Travel

  total $12,557 · management and general $12,557

• 19 · Conferences, conventions and meetings

  total $1,496,272 · program services $1,428,268 · management and general $68,004

• 20 · Interest

  total $134,201 · management and general $134,201

• 22 · Depreciation, depletion and amortization

  total $535,662 · management and general $535,662

• 23 · Insurance

  total $203,193 · management and general $203,193

• 24a · Other expenses: CREDENTIALING EXPENSE

  total $818,217 · program services $818,217

• 24b · Other expenses: ACADEMIC DEVELOPMENT

  total $134,049 · program services $134,049

• 24c · Other expenses: PROPERTY AND SALES TAX

  total $125,613 · management and general $125,613

• 24d · Other expenses: INSTRUCTIONAL DESIGN CO

  total $55,261 · program services $55,261

• 24e · All other expenses

  total -$2,670,241 · program services $61,061 · management and general -$2,731,302

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $106,400 · end of year $88,782

• 2 · Savings and temporary cash investments

  beginning of year $8,975,367 · end of year $9,711,772

• 4 · Accounts receivable

  beginning of year $1,249,527 · end of year $1,320,210

• 8 · Inventories for sale or use

  beginning of year $1,354 · end of year $2,915

• 9 · Prepaid expenses and deferred charges

  beginning of year $369,022 · end of year $279,610

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

  $11,553,792

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

  $6,001,398

• 10c · Land, buildings and equipment, net

  beginning of year $5,913,312 · end of year $5,552,394

• 12 · Investments: other securities

  beginning of year $4,995 · end of year $5,000

• 15 · Other assets

  beginning of year $66,530 · end of year $47,259

• 17 · Accounts payable and accrued expenses

  beginning of year $445,096 · end of year $1,100,733

• 19 · Deferred revenue

  beginning of year $2,144,862 · end of year $2,429,537

• 22 · Loans and payables to officers and key people

  beginning of year $1,641,978 · end of year $1,395,774

• 25 · Other liabilities

  beginning of year $8,833,664 · end of year $3,722,706

• 27 · Net assets without donor restrictions

  beginning of year $3,620,907 · end of year $8,359,192

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION OF THE CEO IS DETERMINED AND APPROVED BY THE BOARD OF GOVERNORS.

Related corporations and trusts

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

• CERTIFIED RISK MANAGERS INTNL SA DE CV

  C · EDUCATION · MX · 95% owned

  Directly controlled by SOCIETY OF CIC