International Association Of Credit Portfolio Managers Inc is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, International Association Of Credit Portfolio Managers Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Association Of Credit Portfolio Managers Inc 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 06/2021, International Association Of Credit Portfolio Managers Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) 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
ADVANCE CREDIT PORTFOLIO MANAGEMENT THROUGH AN ACTIVE FORUM TO EXCHANGE IDEAS (SEE PART III).
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE IN -
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Som-Lok Leung Executive Director | OfficerTrustee | 40 | $640,000 |
Marcia A Banks Deputy Director | Officer | 40 | $445,000 |
Jennifer Bearden Associate Director | 40 | $183,500 | |
Argie Simon Senior Director | 40 | $169,000 | |
Maria J Saary-Littman Research Director | 40 | $163,000 | |
Dara J Fine Admin & Meeting Director | 40 | $117,000 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $32,382 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,422,450 |
Statement of Expenses | |
---|---|
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. | $1,534,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $260,000 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $144,192 |
Payroll taxes | $85,811 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $78,125 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $106,806 |
Advertising and promotion | $12,000 |
Office expenses | $9,808 |
Information technology | $52,632 |
Royalties | $0 |
Occupancy | $13,076 |
Travel | $10 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $88,843 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,696 |
Insurance | $4,622 |
All other expenses | $0 |
Total functional expenses | $2,470,595 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,407,865 |
Savings and temporary cash investments | $914,000 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $12,147 |
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 | $131,376 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,469,133 |
Accounts payable and accrued expenses | $937,238 |
Grants payable | $0 |
Deferred revenue | $1,098,024 |
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 | $0 |
Total liabilities | $2,035,262 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $1,433,871 |
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Hong Kong Trade Development Council Inc New York, NY | $1,322,669 | $4,447,221 |
Plumb Club Of New York State Inc Englewood, NJ | $4,015,109 | $3,124,546 |
Leadingage Pa Mechanicsburg, PA | $5,513,628 | $3,623,011 |
Hydraulic Institute Parsippany, NJ | $5,955,075 | $2,798,484 |
International Association Of Credit Portfolio Managers Inc New York, NY | $3,469,133 | $2,422,450 |
Call Before You Dig Inc Hamden, CT | $1,482,458 | $2,467,576 |
New England Trade Adjustment Assistance Center Inc North Billerica, MA | $129,956 | $1,964,794 |
Ascend Inc New York, NY | $5,589,868 | $3,173,147 |
Rhode Island Lumber & Building Material Dealers Association Rensselaer, NY | $6,807,037 | $1,588,921 |