International Association Of Conference Centers
- Assets
- $1.1m
- Revenue
- $283.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 13-3076803
Organization Overview
International Association Of Conference Centers is located in Chicago, IL. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Association Of Conference Centers is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, International Association Of Conference Centers generated $283.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $343.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING TOGETHER THE BRIGHTEST INDUSTRY MINDS TO PROMOTE THE BEST MEETING VENUES, WHICH DELIVER EXCEPTIONAL MEETING EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC COMMUNICATION OF MEMBER ENGAGEMENT AND SUPPORT ENSURING CONTINUED VALUE IS GAINED BY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Anderson Immediate Past President | OfficerTrustee | 5 | $0 |
Nancy Lindemer President | OfficerTrustee | 5 | $0 |
Susan Liston President Elect | OfficerTrustee | 5 | $0 |
Mark Cooper Chief Executive Officer | Officer | 25 | $0 |
Michael Taylor Director | Trustee | 5 | $0 |
Paul Dolce Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $269,160 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,160 |
| Total Program Service Revenue | $6,680 |
| Investment income | $7,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $283,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $209,717 |
| Fees for services: Legal | $3,217 |
| Fees for services: Accounting | $37,542 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,808 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,131 |
| Office expenses | $19,187 |
| Information technology | $18,854 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,548 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,488 |
| Insurance | $988 |
| All other expenses | $1,800 |
| Total functional expenses | $342,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,931 |
| Savings and temporary cash investments | $71 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $510,678 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,630 |
| Net Land, buildings, and equipment | $7,762 |
| Investments—publicly traded securities | $295,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,453 |
| Total assets | $1,095,363 |
| Accounts payable and accrued expenses | $102,624 |
| Grants payable | $0 |
| Deferred revenue | $373,600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $278,339 |
| Total liabilities | $754,563 |
| Net assets without donor restrictions | $296,793 |
| Net assets with donor restrictions | $44,007 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,095,363 |
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