Institute For Portfolio Alternatives Inc
- Assets
- $2.4m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 7
- Location
- Washington, DC
- Founding
- 08/1986
- Data as of
- 12/2023
- EIN
- 22-2597521
Organization Overview
Institute For Portfolio Alternatives Inc is located in Washington, DC. The organization was established in 1986. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2023, Institute For Portfolio Alternatives Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Portfolio Alternatives 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 12/2023, Institute For Portfolio Alternatives Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVOCATING DIRECT INVESTMENTS THROUGH EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP MEETINGS: MEMBERSHIP MEETINGS ARE HELD EACH YEAR TO DISSEMINATE CURRENT INDUSTRY TRENDS AND REGULATORY UPDATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anya Coverman President & CEO | Officer | 40 | $420,833 |
Megan Gavin Director, Strategic Partnerships | 40 | $335,116 | |
Gina Gombar VP Government Affairs | 40 | $198,395 | |
Tracy Mesterharm Assoc Dir/secretary/treasurer | 40 | $159,689 | |
Mr Chirag Bhavsar Chair Elect | OfficerTrustee | 0.5 | $0 |
Mr Matt Fries Chair | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniel J Edelman Holding Inc Marketing/communications | 12/30/23 | $244,406 |
Gray Robinson Lobbying | 12/30/23 | $154,333 |
Lemon8creative Marketing/communications | 12/30/23 | $133,000 |
The Infastructure Company Consulting Services Cfo Consulting Services | 12/30/23 | $106,028 |
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 | $23,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,000 |
| Total Program Service Revenue | $4,716,931 |
| Investment income | $48,991 |
| 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 | $4,841,673 |
| 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. | $1,177,845 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,402 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $156,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,117 |
| Fees for services: Lobbying | $487,310 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $717,244 |
| Advertising and promotion | $0 |
| Office expenses | $13,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,269,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,325 |
| Insurance | $3,179 |
| All other expenses | $16,014 |
| Total functional expenses | $4,190,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,878,198 |
| Savings and temporary cash investments | $240,144 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,884 |
| 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 | $113,874 |
| Net Land, buildings, and equipment | $10,920 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,374,020 |
| Accounts payable and accrued expenses | $238,687 |
| Grants payable | $0 |
| Deferred revenue | $39,078 |
| 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 | $277,765 |
| Net assets without donor restrictions | $2,096,255 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,374,020 |