What the amendment changed
Compared with the return it replaced , filed 5 November 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Both are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $3,849,974
- Total expenses
- $200,869
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $3,849,974
- Other revenue
- $0
- Total assets, end of year
- $84,607,070
- Total liabilities, end of year
- $214,208
- Net assets or fund balances, end of year
- $84,392,862
- 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.
-
3 · Investment income
total $3,849,974 · excluded $3,849,974
Functional expenses
Part IX, the statement of functional expenses.
-
22 · Depreciation, depletion and amortization
total $189,455
-
24a · Other expenses: BANK FEES
total $11,414
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $118,340 · end of year $2,167,994
-
10a · Land, buildings and equipment: cost or other basis
$6,611,158
-
10b · Land, buildings and equipment: accumulated depreciation
$660,282
-
10c · Land, buildings and equipment, net
beginning of year $6,140,342 · end of year $5,950,876
-
11 · Investments: publicly traded securities
beginning of year $83,508,690 · end of year $93,316,143
-
12 · Investments: other securities
beginning of year $2,118,545 · end of year $4,151,589
-
15 · Other assets
beginning of year -$21,646,145 · end of year -$20,979,532
-
25 · Other liabilities
beginning of year $0 · end of year $214,208
-
27 · Net assets without donor restrictions
beginning of year $70,239,772 · end of year $84,392,862
Mission and programs · 2023
Mission
THE ORGANIZATION'S MISSION IS TO MANAGE AND HOLD THE INVESTMENT PORTFOLIO OF A 501(C)(6) ORGANIZATION. IN ADDITION, THE ORGANIZATION CAN ACQUIRE, OWN, AND SELL COMMERCIAL REAL ESTATE ON BEHALF OF THE SAME 501(C)(6) ORGANIZATION.
Activities or mission (Part I)
INVESTMENT HOLDING COMPANY FOR A 501(C)(6) ORGANIZATION.
-
MANAGE AND HOLD THE INVESTMENT PORTFOLIO OF THE COMPUTINGTECHNOLOGY INDUSTRY ASSOCIATION, A 501(C)(6) ORGANIZATION.
-
OWNS COMMERCIAL REAL ESTATE FOR THE COMPUTING TECHNOLOGY INDUSTRYASSOCIATION, A 501(C)(6) ORGANIZATION.
As filed on the 2023 return.
Listed in Part VII
-
TODD THIBODEAUX
DIRECTOR
- Total calculated
- $3,650,654
- From this org
- $0
- From related orgs
- $2,481,123
- Other
- $1,169,531
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $1,277,802 related
- Bonus
- $0 + $1,116,714 related
- Other
- $0 + $86,607 related
- Deferred
- $0 + $1,156,570 related
- Nontaxable benefits
- $0 + $12,961 related
- Filer's total
- $0 + $3,650,654 related
-
COURTNEY FONG
DIRECTOR
- Total calculated
- $505,942
- From this org
- $0
- From related orgs
- $485,943
- Other
- $19,999
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $343,976 related
- Bonus
- $0 + $140,200 related
- Other
- $0 + $1,767 related
- Deferred
- $0 + $7,038 related
- Nontaxable benefits
- $0 + $12,961 related
- Filer's total
- $0 + $505,942 related
-
BRIAN LAFFEY
DIRECTOR
- Total calculated
- $793,842
- From this org
- $0
- From related orgs
- $661,081
- Other
- $132,761
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $398,760 related
- Bonus
- $0 + $253,500 related
- Other
- $0 + $8,821 related
- Deferred
- $0 + $119,800 related
- Nontaxable benefits
- $0 + $12,961 related
- Filer's total
- $0 + $793,842 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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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.
-
COMPUTING TECHNOLOGY INDUSTRY ASSOC
501(C)(6) · IT ASSOC. · IL
-
501(C)(3) · IT EDUCATION · IL
-
ASSOCIATION OF INFORMATION TECHNOLOGY PROFESSIONALS
501(C)(6) · PROFESSIONAL ASSOCIATION · IL
-
501(C)(3) · ACADEMY · IL
-
INTERNATIONAL INTERNET TESTING ASSOCIATION
501(C)(6) · PROFESSIONAL ASSOCIATION · IL
-
501(C)(3) · ACADEMY · IL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423209349301962
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