Building Owners & Managers Association Of Philadelphia
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/1940
- Data as of
- 12/2022
- EIN
- 23-0443960
Organization Overview
Building Owners & Managers Association Of Philadelphia is located in Philadelphia, PA. The organization was established in 1940. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Owners & Managers Association Of Philadelphia 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 12/2022, Building Owners & Managers Association Of Philadelphia generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE BUILDING MANAGEMENT INDUSTRY AND TO DEVELOP COOPERATION BETWEEN MEMBERS THROUGH NEWSLETTERS, WORKSHOPS, & LUNCH/DINNER MEETINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - TWO CLASSES PER SEMESTER (FALL AND SPRING) WHICH WOULD INCLUDE ONE RPA CLASS AND ONE SMA CLASS. ON AVERAGE THERE ARE 12 PEOPLE PER CLASS FOR A TOTAL OF 24 PEOPLE PER SEMESTER.
LUNCHON/DINNERS - ORGANIZE REGULAR LUNCHEON/DINNER MEETINGS WITH GUEST SPEAKERS ON TOPICS OF INTEREST AND TO ALLOW MEMBERS TO INTERACT AND COOPERATE ON INDUSTRY TOPICS. THERE ARE EIGHT SET LUNCHEONS THROUGHOUT THE YEAR. SEMINARS AND OTHER EVENTS ARE ALSO ADDED AS COMMITTEES PLAN AND EXECUTE THEM. ON AVERAGE BOMA USUALLY HAS ABOUT 130 ATTENDEES FOR THE LUNCHEONS WHILE THE SEMINARS AND OTHER EVENTS VARY, ON AVERAGE ATTENDANCE IS ABOUT 55 PEOPLE FOR THESE ADDITIONAL EVENTS.
INDUSTRY ADVOCACY - DEVELOP COOPERATION BETWEEN OWNERS AND MANAGERS OF BUILDINGS AND FACILITATE THE INTERCHANGE OF IDEAS AND INFORMATION AND PROMOTE THE GENERAL WARFARE OF THE BUILDING MANAGEMENT PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Ballinger President | OfficerTrustee | 15 | $0 |
Missy A Quinn Vice President | OfficerTrustee | 9 | $0 |
John Mccullough Treasurer (w.e.f 2022) | OfficerTrustee | 9 | $0 |
Natalie Kidd Secretary | OfficerTrustee | 9 | $0 |
Stefanie Krajscovics Associate Vice-President | OfficerTrustee | 9 | $0 |
Andrew Struthers Board Member | Trustee | 3 | $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 | $97,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,502 |
| Total Program Service Revenue | $1,111,542 |
| Investment income | $44,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,600 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,074 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,315,885 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,045 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Management | $313,789 |
| Fees for services: Legal | $22,283 |
| Fees for services: Accounting | $8,242 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,768 |
| Fees for services: Other | $94,964 |
| Advertising and promotion | $0 |
| Office expenses | $17,456 |
| Information technology | $3,075 |
| Royalties | $0 |
| Occupancy | $45,899 |
| Travel | $1,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $126,606 |
| Conferences, conventions, and meetings | $147,084 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,095 |
| Insurance | $1,577 |
| All other expenses | $6,072 |
| Total functional expenses | $1,078,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $424,793 |
| 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 | $8,627 |
| Investments—publicly traded securities | $1,138,211 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,571,631 |
| Accounts payable and accrued expenses | $2,900 |
| 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 | $2,900 |
| Net assets without donor restrictions | $1,568,731 |
| 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 | $1,571,631 |