Retirement Income Industry Association
- Assets
- $0.0
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Boston, MA
- Founding
- 06/2006
- Data as of
- 12/2017
- EIN
- 20-3394934
Organization Overview
Retirement Income Industry Association is located in Boston, MA. The organization was established in 2006. 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. Retirement Income Industry Association 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 12/2017, Retirement Income Industry Association generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $418.2k during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE RETIREMENT INCOME INDUSTRY ASSOCIATION IS A TRADE ASSOCIATION FOR THE RETIREMENT INCOME INDUSTRY, WHICH CONSISTS OF COMPANIES THAT PROVIDE SERVICES OR PRODUCTS WITH RESPECT TO INCOME ACCUMULATION AND DISTRIBUTION FOR RETIRED INDIVIDUALS. RIIA SERVES AS A FORUM AND FACILITATOR FOR UNDERSTANDING, AND DEVELOPING SOLUTIONS FOR RETIREMENT INCOME ACCUMULATION AND DISTRIBUTION ISSUES. RIIA'S PRIMARY ACTIVITY IS TO HOST TOPICAL CONFERENCES AND WORKSHOPS ON RELEVANT RETIREMENT ISSUES AND DEVELOPMENTS. RIIA ALSO CREATES AWARENESS OF RETIREMENT INCOME ISSUES AND DEVELOPMENTS AMONG ITS MEMBERS, OTHER FINANCIAL SERVICES, PROFESSIONALS, THE GENERAL PUBLIC, AND GOVERNMENT REGULATORY AUTHORITIES AND LEGISLATORS THROUGH MEDIA OUTREACH, EDUCATION AND RESEARCH ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLANNING FOR TOPICAL CONFERENCE AND WORKSHOPS ON RELEVANT RETIREMENT INCOME ACCUMULATION AND DISTRIBUTION ISSUES AND DEVELOPMENTS.
EDUCATIONAL OFFERINGS AND MEDIA OUTREACH REGARDING RETIREMENT INCOME ACCUMULATION AND DISTRIBUTION ISSUES AND DEVELOPMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francois Gadenne Executive Director, Ceo, Board Member | OfficerTrustee | 50 | $114,640 |
Joan Boros Secretary, Board Member At Large | OfficerTrustee | 1 | $0 |
Udo Frank Treasurer | Officer | 1 | $0 |
Al Turco Board Counsel | Officer | 3 | $0 |
William J Hunter Board Member | Trustee | 0.5 | $0 |
Michael Doshier Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $403,012 |
| Noncash contributions included in lines 1a–1f | $403,012 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,012 |
| Total Program Service Revenue | $278,294 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $633,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,314,306 |
| 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. | $270,193 |
| 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 | $10,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,100 |
| Fees for services: Accounting | $15,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,000 |
| Office expenses | $22,183 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,360 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,405 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $596 |
| Insurance | $8,415 |
| All other expenses | $0 |
| Total functional expenses | $418,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
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