Defined Contribution Institutional Investment Association
- Assets
- $2.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Jupiter, FL
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 27-1573481
Organization Overview
Defined Contribution Institutional Investment Association is located in Jupiter, FL. The organization was established in 2011. 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. As of 12/2023, Defined Contribution Institutional Investment Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Defined Contribution Institutional Investment 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 12/2023, Defined Contribution Institutional Investment Association generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 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
TO FOSTER A DIALOGUE AMONG THE LEADERS OF THE DEFINED CONTRIBUTION COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL FORUMS AND SUMMIT: PUBLIC POLICY FORUM - DCIIA PARTNERS WITH INDUSTRY ORGANIZATION (SPARK INSTITUTE) TO PROVIDE AN ANNUAL PUBLIC POLICY FORUM OPEN TO ALL OF ITS MEMBERS. THE PUBLIC POLICY FORUM PROVIDES AN OPPORTUNITY TO PROMOTE COLLABORATIVE RELATIONSHIPS BETWEEN INDUSTRY LEADERS AND THE KEY PLAYERS IN THE POLICY COMMUNITY SUCH AS MEMBERS OF CONGRESS, SENIOR CAPITOL HILL STAFF, DEPARTMENT OF LABOR, SECURITIES AND EXCHANGE COMMISSION, AND THE U.S. TREASURY AS WELL AS SIMILAR INTERNATIONAL ENTITIES. THE PUBLIC POLICY FORUM ALSO PROVIDES MEMBERS WITH UPDATES FROM EACH OF DCIIA'S COMMITTEES.ACADEMIC FORUM - DCIIA PROVIDES AN ANNUAL ONE-DAY MEETING OPEN TO ALL OF ITS MEMBERS. THE ACADEMIC FORUM BRINGS TOGETHER OVER 300 INDUSTRY LEADERS WITH THOUGHT LEADERS IN THE ACADEMIC AND PLAN SPONSOR COMMUNITIES. TOPICS AT THE ACADEMIC FORUM INCLUDE DISCUSSIONS ON BEHAVIORAL FINANCE, RETIREMENT INCOME, AND ADVANCED INVESTMENT DESIGN. INNOVATION FORUM - DCIIA PROVIDES AN ANNUAL ONE-DAY INNOVATION FORUM OPEN TO ALL OF ITS MEMBERS. THE INNOVATION FORUM FOCUSES ON TOPICS DRIVING THE FUTURE OF THE DEFINED CONTRIBUTION INDUSTRY AND FEATURES EXPERT SPEAKERS FROM ITS MEMBER FIRMS.DIVERSITY, EQUITY & INCLUSION ("DEI") AWARDS DINNER - DCIIA PROVIDES AN ANNUAL EVENING EVENT OPEN TO ALL OF ITS MEMBERS WITH PROGRAMMING FOCUSING ON DEI. THE AWARDS RECOGNIZE INDIVIDUALS WHO ARE ADVOCATING FOR OR OTHERWISE CONTRIBUTING TO MEMBER ORGANIZATIONS' DIVERSITY, EQUITY AND INCLUSIVENESS IN TWO CATEGORIES: LEADERS, AND RISING STARS.THE ADVISOR INSTITUTE FORUM - DCIIA BRINGS TOGETHER SENIOR EXECUTIVES TO SHARE IDEAS FREELY IN A COLLABORATIVE, INTIMATE ATMOSPHERE HELD OVER TWO DAYS. EXECUTIVES EXPLORE THE FUTURE OF THE INDUSTRY, ENGAGE IN THOUGHT-PROVOKING DISCUSSIONS, AND ENJOY NETWORKING OPPORTUNITIES WITH A CROSS-SECTION OF INDUSTRY LEADERS.
COMMITTEES AND MEETINGS:DCIIA'S MEMBERS MAY PARTICIPATE IN THE FOLLOWING COMMITTEES: COMMUNICATIONS; DIVERSITY, EQUITY AND INCLUSION; GLOBAL; INVESTMENT POLICY AND DESIGN; ESG (SUBCOMMITTEE); PLAN DESIGN AND ADMIN, PUBLIC POLICY; AND RETIREMENT INCOME. THESE COMMITTEES BRING TOGETHER A DIVERSE GROUP OF DC PROFESSIONALS, INCLUDING: INVESTMENT MANAGERS, INSURANCE COMPANIES, CONSULTANTS, RECORD KEEPING AND TRUST COMPANIES, PLAN SPONSORS, LAW FIRMS, ACADEMIA, AND OTHER STAKEHOLDERS FOCUSED ON IMPROVING FINANCIAL OUTCOMES FOR AMERICA'S WORKERS. THESE COMMITTEES FURTHER THE MISSION OF DCIIA THROUGH THE FOLLOWING STRATEGIES:-PROVIDES AN INDEPENDENT FORUM FOR THOUGHT LEADERSHIP ON ADVANCING DEFINED CONTRIBUTION AND RETIREMENT INCOME DESIGN, INCLUDING INSTITUTIONAL DEFAULT INVESTMENT STRATEGIES AND RETIREMENT INCOME SOLUTIONS; -CONDUCTS RESEARCH, PUBLISHES ANALYSIS AND INSIGHTS, AND HOSTS EVENTS THAT SUPPORT THE ADVANCEMENT OF INSTITUTIONAL APPROACHES AND BETTER DEFINED CONTRIBUTION DESIGN;-IDENTIFIES AND REMOVES BARRIERS FOR PLAN SPONSORS SO THAT THEY MAY PURSUE IMPROVED DEFINED CONTRIBUTION INSTITUTIONAL INVESTMENT STRUCTURES; -ENCOURAGES IMPROVED FIDUCIARY PRACTICES AND TOOLS TO SUPPORT INSTITUTIONAL DEFINED CONTRIBUTION PLAN DESIGN; AND, -EDUCATES LEGISLATORS AND REGULATORS ABOUT ISSUES AND CHALLENGES IN INSTITUTIONAL DEFINED CONTRIBUTION PLAN DESIGN AND BETTER APPROACHES TO RETIREMENT SECURITY.DCIIA HOLDS REGIONAL EVENTS IN VARIOUS CITIES THROUGHOUT THE YEAR. THESE EVENTS OFFER EDUCATIONAL OR NETWORKING OPPORTUNITIES FOR DCIIA'S MEMBERS.DCIIA HOLDS AN ANNUAL PLANNING MEETING WITH ITS BOARD TO DISCUSS VARIOUS STRATEGIC AND ORGANIZATIONAL MATTERS THAT MAY INFLUENCE DCIIA'S JOURNEY TOWARDS ITS MISSION.
MEMBERSHIP AND PUBLIC RELATIONS: DCIIA'S PRESIDENT AND EXECUTIVE DIRECTOR REPRESENT THE ORGANIZATION TO THE PRESS AND TO EXTERNAL STAKEHOLDERS, AND PARTICIPATES IN INDUSTRY EVENTS ON BEHALF OF DCIIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lew Minsky President & CEO | Officer | 40 | $626,844 |
Lisa Massena Chief Operating Officer | Officer | 40 | $193,750 |
Pam Hess Executive Director Of Dciia Rrc | Officer | 1 | $183,333 |
Amanda Mccormick VP Of Operations | 40 | $132,167 | |
Karen Witham Vp Of Communications & Marketing | 40 | $122,000 | |
Chris Lyon Co-Chair Until 03/2023, Then Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Knox Consulting Consulting | 12/30/23 | $265,000 |
Event Consulting Group Meeting Planning | 12/30/23 | $200,000 |
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 | $429,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $429,205 |
| Total Program Service Revenue | $1,790,539 |
| Investment income | $22,129 |
| 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 | $2,251,286 |
| 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. | $734,647 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,825 |
| Pension plan accruals and contributions | $25,944 |
| Other employee benefits | $0 |
| Payroll taxes | $81,806 |
| Fees for services: Management | $2,810 |
| Fees for services: Legal | $36,000 |
| Fees for services: Accounting | $18,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $291,669 |
| Advertising and promotion | $0 |
| Office expenses | $54,850 |
| Information technology | $45,828 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $56,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $572,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,702 |
| All other expenses | $0 |
| Total functional expenses | $2,421,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,717 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,500 |
| 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 | $124,678 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $865,719 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,339,335 |
| Total assets | $2,607,949 |
| Accounts payable and accrued expenses | $127,043 |
| Grants payable | $0 |
| Deferred revenue | $1,090,925 |
| 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 | $1,217,968 |
| Net assets without donor restrictions | $1,389,981 |
| 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 | $2,607,949 |