Institute For Portfolio Alternatives Inc
- Assets
- $1.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Ellicott City, MD
- Founding
- 08/1986
- Data as of
- 12/2021
- EIN
- 22-2597521
Organization Overview
Institute For Portfolio Alternatives Inc is located in Ellicott City, MD. 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 12/2021, 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 12/2021, Institute For Portfolio Alternatives Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 4.0% 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
2021
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.IN 2021, APPROXIMATELY 1,306 PEOPLE BENEFITTED FROM ATTENDING MEMBERSHIP MEETINGS AND WEBINARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Chereso President/ceo | Officer | 40 | $454,875 |
Anya Coverman Svp, Govt Affairs & Gen Co | Officer | 40 | $232,893 |
Megan Gavin Director, Strategic Partnerships | Officer | 40 | $216,177 |
Tracy Mesterharm Assoc Dir/secretary/treas | Officer | 40 | $165,918 |
Anne-Marie Vandenberg Chair Elect | OfficerTrustee | 1.5 | $0 |
Leon Volchyok Chair | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lemon8creative Marketing/communications | 12/30/21 | $131,790 |
Grayrobinson Lobbying | 12/30/21 | $223,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,534,423 |
| Investment income | $223 |
| 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 | $3,534,646 |
| 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. | $1,180,258 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,694 |
| Pension plan accruals and contributions | $199 |
| Other employee benefits | $2,303 |
| Payroll taxes | $56,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,125 |
| Fees for services: Accounting | $18,451 |
| Fees for services: Lobbying | $374,735 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,575 |
| Advertising and promotion | $399 |
| Office expenses | $33,864 |
| Information technology | $119,501 |
| Royalties | $0 |
| Occupancy | $13,990 |
| Travel | $129,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $817,095 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,772 |
| Insurance | $6,259 |
| All other expenses | $138 |
| Total functional expenses | $3,558,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $723,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $617,883 |
| 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 | $111,656 |
| Net Land, buildings, and equipment | $7,047 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,460,479 |
| Accounts payable and accrued expenses | $513,436 |
| Grants payable | $0 |
| Deferred revenue | $66,839 |
| 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 | $580,275 |
| Net assets without donor restrictions | $880,204 |
| 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 | $1,460,479 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Community Colleges Washington, DC | $17,692,990 | $18,107,472 |
National Board For Professional Teaching Standards Inc Arlington, VA | $7,108,000 | $15,320,880 |
National Association Of Independent Schools Inc Washington, DC | $58,850,620 | $18,662,235 |
Air Force Association Arlington, VA | $41,846,008 | $19,163,734 |
American Association Of Colleges Of Nursing Washington, DC | $32,242,011 | $15,709,388 |
National Association For The Education Of Young Children Washington, DC | $62,448,452 | $19,211,047 |
National Association Of Student Personnel Administrators Inc Washington, DC | $24,499,016 | $16,009,937 |
National Association Of College And Washington, DC | $30,694,720 | $19,712,645 |
American Association Of Colleges And Universities Washington, DC | $16,161,995 | $12,506,275 |
Virginia Education Association Inc Richmond, VA | $23,884,810 | $14,278,542 |
Society Of Hospital Medicine Philadelphia, PA | $18,912,774 | $11,282,806 |
American Association Of Collegiate Registrars And Admissions Officers Washington, DC | $20,186,946 | $8,014,604 |