Institute For Supply Management Inc
- Assets
- $18.3m
- Revenue
- $14.4m
- Investments
- $1.1m
- Employees
- 63
- Location
- Tempe, AZ
- Founding
- 01/1983
- Data as of
- 08/2022
- EIN
- 13-5265940
Organization Overview
Institute For Supply Management Inc is located in Tempe, AZ. The organization was established in 1983. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 08/2023, Institute For Supply Management Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Supply Management Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Institute For Supply Management Inc generated $14.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $13.2m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ADVANCE THE PRACTICE OF SUPPLY MANAGEMENT TO DRIVE VALUE AND COMPETITIVE ADVANTAGE, AND CONTRIBUTE TO A PROSPEROUS, SUSTAINABLE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISM'S CAPS RESEARCH, AFFILIATED WITH THE ARIZONA STATE UNIVERSITY'S W.P. CAREY SCHOOL OF BUSINESS, HAS THE MISSION TO EMPOWER SUPPLY MANAGEMENT PROFESSIONALS WITH PROFOUND DISCOVERY, POWERFUL CONNECTIONS, AND CLEAR FORESIGHT. CAPS RESEARCH PUBLISHES SPECIFIC STUDIES, INCLUDING BENCHMARKING REPORTS, CRITICAL ISSUES, AND RESEARCH PUBLICATIONS. IN ADDITION, CAPS HOSTS THE EXECUTIVE ROUNDTABLES, CRITICAL ISSUE EXCHANGE, AND RESEARCH PIPELINE EVENTS THROUGHOUT THE YEAR.
EDUCATIONAL PRODUCTS: ISM PROVIDES VARIOUS EDUCATIONAL PRODUCTS TO IMPROVE INDIVIDUAL AND ORGANIZATIONAL PROFESSIONAL DEVELOPMENT, TRAINING, AND STRATEGIC SUPPLY MANAGEMENT KNOWLEDGE. THESE PRODUCTS PREPARE INDIVIDUALS FOR THEIR CAREER PROGRESSION, ORGANIZATIONAL TRAINING AND PROVIDE THE CORRESPONDING KNOWLEDGE BASE AND UPSKILLING REQUIRED FOR CERTIFICATION AS A CERTIFIED PROFESSIONAL IN SUPPLY MANAGEMENT.
CERTIFICATION PROGRAM; EDUCATIONAL SUPPORT, DEVELOPMENT AND PRODUCTS; NATIONAL GROUPS/FORUMS; SEMINARS; CORPORATE PROGRAMS; VOLUNTEER AND ASSOCIATION GOVERNANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Derry CEO | OfficerTrustee | 40 | $478,540 |
Susan Marty Cpo | Officer | 40 | $297,682 |
Debbie Fogel-Monnissen Cfo/treasurer | Officer | 40 | $278,586 |
Denis Wolowiecki Caps Managing Director | Officer | 40 | $261,837 |
Richard Aston Director Of Fp&a | 40 | $150,626 | |
Angela Miller Director Of Marketing | 40 | $152,548 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Washington Speakers Bureau Event Speakers | 8/30/20 | $396,219 |
Brightfind Website | 8/30/20 | $558,051 |
Jefe Inc Digital Training Courses | 8/30/20 | $210,000 |
Av Concepts Inc Event Av Services | 8/30/20 | $408,506 |
Richard Aston Consulting Fees | 8/30/20 | $120,983 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,241 |
| Related organizations | $0 |
| Government grants | $1,148,654 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,204,997 |
| Total Program Service Revenue | $9,753,774 |
| Investment income | $168,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,127,520 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,510 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,137,903 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,357,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,515,562 |
| Compensation of current officers, directors, key employees. | $1,994,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,665,141 |
| Pension plan accruals and contributions | $571,966 |
| Other employee benefits | $680,723 |
| Payroll taxes | $359,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $201,993 |
| Fees for services: Accounting | $67,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $905,312 |
| Advertising and promotion | $227,719 |
| Office expenses | $26,528 |
| Information technology | $633,027 |
| Royalties | $15,544 |
| Occupancy | $641,170 |
| Travel | $168,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $731,390 |
| Insurance | $75,662 |
| All other expenses | $239,438 |
| Total functional expenses | $13,208,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,573,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,517,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,754 |
| Prepaid expenses and deferred charges | $460,103 |
| Net Land, buildings, and equipment | $268,343 |
| Investments—publicly traded securities | $5,511,738 |
| Investments—other securities | $1,054,367 |
| Investments—program-related | $0 |
| Intangible assets | $1,732,514 |
| Other assets | $163,298 |
| Total assets | $18,286,198 |
| Accounts payable and accrued expenses | $998,330 |
| Grants payable | $0 |
| Deferred revenue | $3,352,547 |
| 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 | $4,350,877 |
| Net assets without donor restrictions | $12,916,627 |
| Net assets with donor restrictions | $1,018,694 |
| 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 | $18,286,198 |
Grants Awarded
Over the last fiscal year, Institute For Supply Management Inc has awarded $39,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEASTERN UNIVERSITY PURPOSE: PHARMA FORUM SCHOLARSHIP | $30,000 |
THE HEAT AND WARMTH FUND PURPOSE: GENERAL SUPPORT/UPMG DONATION | $9,000 |