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← AMC INSTITUTE

Form 990 for tax year 2023

Filed by AMC INSTITUTE.

Totals

Total revenue
$1,751,679
Total expenses
$1,442,965
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,643,942
Investment income
$83,588
Other revenue
$24,149
Total assets, end of year
$3,429,113
Total liabilities, end of year
$1,212,988
Net assets or fund balances, end of year
$2,216,125
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.

  • 2a · Program service revenue: Accreditation fees

    total $49,044 · related or exempt $49,044

  • 2b · Program service revenue: Certificates

    total $3,060 · related or exempt $3,060

  • 2c · Program service revenue: Meeting registration

    total $249,868 · related or exempt $249,868

  • 2d · Program service revenue: Membership Dues & Assessments

    total $1,319,595 · related or exempt $1,319,595

  • 2e · Program service revenue: Sponsorship

    total $22,375 · related or exempt $22,375

  • 3 · Investment income

    total $83,588 · excluded $83,588

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $21,909 · excluded $21,909

  • 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 $2,240 · related or exempt $2,240

  • 11e · Other revenue, total

    $2,240

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 $291,519

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $366,507

  • 8 · Pension plan contributions

    total $31,183

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $42,804

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $357,391

  • 12 · Advertising and promotion

    total $750

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $47,585

  • 17 · Travel

    total $85,649

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $37,690

  • 24a · Other expenses: Audio Visual

    total $43,070

  • 24b · Other expenses: Bank & credit card fees

    total $31,024

  • 24c · Other expenses: Dues & subscriptions

    total $29,130

  • 24d · Other expenses: Speaker Expenses

    total $17,978

  • 24e · All other expenses

    total $60,685

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $869,273 · end of year $1,200,111

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $10,289 · end of year $4,002

  • 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 $44,377 · end of year $35,187

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,791,094 · end of year $2,114,515

  • 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

    beginning of year $117,239 · end of year $75,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $107,142 · end of year $171,447

  • 19 · Deferred revenue

    beginning of year $939,072 · end of year $964,693

  • 25 · Other liabilities

    beginning of year $118,480 · end of year $76,848

  • 27 · Net assets without donor restrictions

    beginning of year $1,667,578 · end of year $2,216,125

Mission and programs · 2023

Mission

OUR MISSION IS TO ADVANCE THE BUSINESS INTERESTS OF MEMBER ASSOCIATION MANAGEMENT COMPANIES AND THE AMC INDUSTRY.

Activities or mission (Part I)

THE OBJECTIVE AND PURPOSE OF THE ASSOCIATION IS TO FULFILL AN INDUSTRY LEADERSHIP ROLE BY FOSTERING THE GROWTH AND PROFESSIONALISM OF THE ASSOCIATION MANAGEMENT INDUSTRY.

  • AMC INSTITUTE ADVANCES THE PROFESSIONALISM AND HIGH INDUSTRY STANDARDS FOR ASSOCIATION MANAGEMENT COMPANIES GLOBALLY. WE PROVIDE EXPERT SUPPORT AND RESOURCES TO DRIVE NEW BUSINESS TO MEMBERSHIP AS WELL AS ACCREDITATION, EDUCATIONAL AND NETWORKING OPPORTUNITIES. AMC INSTITUTE'S MEMBERS RERESENT MORE THAN 1,800 ASSOCIATIONS AND 2.8 MILLION ASSOCIATION INDIVIDUALS.

As filed on the 2023 return.

Listed in Part VII

  • Tina Wehmeir

    President & CEO

    Total calculated
    $291,519
    From this org
    $291,519
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,519
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $291,519
  • Mark Engle

    Chair

    Total calculated
    $0
    Hours/week
    1
  • Nick Ruffin

    Chair Elect

    Total calculated
    $0
    Hours/week
    1
  • Sarah Timm

    Sec/Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Ruth Abrahamson

    Director

    Total calculated
    $0
    Hours/week
    1
  • Scott Collison

    Director

    Total calculated
    $0
    Hours/week
    1
  • Michael Dominguez

    Director

    Total calculated
    $0
    Hours/week
    1
  • Mike Dwyer

    Director

    Total calculated
    $0
    Hours/week
    1
  • Shawn McLaughlin

    Director

    Total calculated
    $0
    Hours/week
    1
  • Michael Silverman

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kay Whalen

    Director

    Total calculated
    $0
    Hours/week
    1
  • Megan Woodburn

    Director

    Total calculated
    $0
    Hours/week
    1
  • Dustin Worley

    Director

    Total calculated
    $0
    Hours/week
    1

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443139349303799

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