Community Association Institute Research Foundation
- Assets
- $605.1k
- Revenue
- $422.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 03/1975
- Data as of
- 06/2023
- EIN
- 23-7438451
Organization Overview
Community Association Institute Research Foundation, operating under the name Foundation For Community Association Research, is located in Falls Church, VA. The organization was established in 1975. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., 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. Foundation For Community Association Research 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 06/2023, Foundation For Community Association Research generated $422.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $346.6k during the year ending 06/2023. While expenses have increased by 1.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR COMMUNITY ASSOCIATION RESEARCH IS DEVOTED TO COMMON INTEREST COMMUNITY RESEARCH, DEVELOPMENT, AND SCHOLARSHIP. INCORPORATED IN 1975, THE FOUNDATION IS THE ONLY ORGANIZATION BOTH RECORDING THE HISTORY OF, AND IDENTIFYING TRENDS IN, RESIDENTIAL COMMUNITY ASSOCIATION LIVING. A 501(C)(3) ORGANIZATION, THE FOUNDATION SUPPORTS AND CONDUCTS RESEARCH AND MAKES THAT INFORMATION AVAILABLE TO THOSE INVOLVED IN ASSOCIATION GOVERNANCE AND MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROJECTS: THE FOUNDATION PRODUCES A VARIETY OF ACCURATE, INSIGHTFUL, AND TIMELY INFORMATION, INCLUDING: -NEEDS-BASED RESEARCH TO HELP COMMUNITY ASSOCIATION STAKEHOLDERS ADDRESS SPECIFIC CHALLENGES AND PREPARE FOR EMERGING ISSUES; -PUBLISH BEST PRACTICES REPORTS ON CRITICAL TOPICS LIKE ENERGY EFFICIENCY, GOVERNANCE, FINANCIAL OPERATIONS, AND STRATEGIC PLANNING; -PROVIDE RESEARCH SCHOLARSHIPS FOR GRADUATE STUDENTS; -COLLECT HISTORICAL DATA ON THE DEVELOPMENT, OPERATION, AND MANAGEMENT OF COMMON-INTEREST COMMUNITIES, INCLUDING SURVEYS ANALYZING HOMEOWNER SATISFACTION AND COMMUNITY MANAGER COMPENSATION.
MEETINGS & CONFERENCE: AS PART OF ITS MISSION, THE FOUNDATION PROVIDES AUTHORITATIVE RESEARCH AND ANALYSIS ON COMMUNITY ASSOCIATION TRENDS, ISSUES, AND OPERATIONS. FOUNDATION STAFF AND VOLUNTEERS PRESENT THIS INFORMATION AT CAI AND INDUSTRY EVENTS, SUCH AS THE CAI ANNUAL CONFERENCE, COMMUNITY ASSOCIATION LAW SEMINAR, AND CEO-MC RETREAT, BY OFFERING EDUCATION SESSIONS AND SPEAKING WITH CONFERENCE ATTENDEES. PROGRAM TOPICS INCLUDE CUTTING-EDGE FOUNDATION RESEARCH ON TECHNOLOGY AND CYBER SECURITY, AGING INFRASTRUCTURE, NONPOTABLE WATER, NATURAL DISASTERS, ETHICS, AND MANY OTHER IMPORTANT ITEMS IN THE COMMUNITY ASSOCIATION INDUSTRY.
MARKETING: THE FOUNDATION EMPLOYS A VARIETY OF METHODS TO SHARE INFORMATION ON COMMUNITY ASSOCIATION TRENDS, ISSUES, AND OPERATIONS. CURRENT PROGRAMS AND INITIATIVES ARE HIGHLIGHTED ON THE FOUNDATION WEBSITE, SHARED IN THE CATALYST EMAIL DISTRIBUTION LIST, AND PROMOTED ON THE FOUNDATION YOUTUBE CHANNEL AND THROUGH ADVERTISEMENTS IN INDUSTRY PUBLICATIONS. IN ADDITION, FOUNDATION RESEARCH IS DISTRIBUTED THROUGH CAI'S NUMEROUS COMMUNICATION CHANNELS, INCLUDING EMAIL MARKETING, MAGAZINE AND NEWSLETTER ARTICLES, AND VARIOUS SOCIAL MEDIA PLATFORMS INCLUDING FACEBOOK, TWITTER, AND YOUTUBE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Adams ESQ President | OfficerTrustee | 1 | $0 |
Michelle Baldry Rs President-Elect | OfficerTrustee | 1 | $0 |
Pamela D Bailey Cmca Ams Pcam Treasurer | OfficerTrustee | 1 | $0 |
Mark Jones Ams Pcam Secretary | OfficerTrustee | 1 | $0 |
Ursula K Burgess ESQ Director | Trustee | 1 | $0 |
Kimberly Corcoran Cmca Ams Pcam Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $265,183 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,789 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,972 |
| Total Program Service Revenue | $29,045 |
| Investment income | $8,459 |
| 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 | $422,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $215,000 |
| Fees for services: Legal | $390 |
| Fees for services: Accounting | $8,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $36,277 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,723 |
| Advertising and promotion | $0 |
| Office expenses | $57,405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,347 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,217 |
| All other expenses | $1,976 |
| Total functional expenses | $346,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $577,209 |
| Pledges and grants receivable | $5,000 |
| 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 | $888 |
| Prepaid expenses and deferred charges | $12,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,030 |
| Total assets | $605,127 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $15,000 |
| Net assets without donor restrictions | $493,010 |
| Net assets with donor restrictions | $97,117 |
| 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 | $605,127 |