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← NORTH AMERICAN CRO COUNCIL INCORPORATED

Form 990 for tax year 2024

Filed by NORTH AMERICAN CRO COUNCIL INCORPORATED.

Totals

Total revenue
$345,320
Total expenses
$506,468
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$345,000
Investment income
$0
Other revenue
$320
Total assets, end of year
$562,869
Total liabilities, end of year
$86,285
Net assets or fund balances, end of year
$476,584
Program services expenses (Part IX)
$284,492
Management and general expenses
$221,976
Fundraising expenses
$0
Program service expenses (Part III)
$284,492

Program services were 56.2% 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: MEMBERSHIP DUES

    total $345,000 · related or exempt $345,000

  • 11a · Other revenue: MEMBER LATE PAYMENT FE

    total $320 · related or exempt $320

  • 11e · Other revenue, total

    $320

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $338,302 · program services $169,151 · management and general $169,151

  • 11b · Fees: legal

    total $35,320 · program services $26,490 · management and general $8,830

  • 11c · Fees: accounting

    total $4,800 · management and general $4,800

  • 11g · Fees: other

    total $51,179 · program services $25,590 · management and general $25,589

  • 24a · Other expenses: COMMITTEE EXPENSES

    total $73,093 · program services $63,261 · management and general $9,832

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,257 · management and general $3,257

  • 24c · Other expenses: MISCELLANEOUS

    total $517 · management and general $517

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $718,093 · end of year $562,869

  • 4 · Accounts receivable

    beginning of year $16,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,341 · end of year $86,285

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $637,732 · end of year $476,584

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT.

  • PROMOTING THE DEVELOPMENT AND ASSESSMENT OF CAPITAL REQUIREMENTS BASED, IN PART, ON INTERNAL COMPANY-DEVELOPED RISK MODELS, AND THE APPROPRIATE RECOGNITION OF THE BENEFITS OF RISK IDENTIFICATION, RISK CONTROLS AND RISK DIVERSIFICATION.

    Expenses $142,246 · Revenue $172,500

  • INFLUENCING THE DEVELOPMENT OF NEW RISK DISCLOSURES, AS THEY MAY BE REQUIRED BY REGULATORY BODIES, BY DEVELOPING CONSIDERED RESPONSES TO SUCH REGULATORY PROPOSALS.

    Expenses $142,246 · Revenue $172,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Klaus Diem

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Geoff Craddock

    TREASURER

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202503219349306850

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