Meeting Professionals International Foundation
- Assets
- $4.7m
- Revenue
- $919.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Dallas, TX
- Founding
- 05/1981
- Data as of
- 12/2021
- EIN
- 31-1126968
Organization Overview
Meeting Professionals International Foundation is located in Dallas, TX. The organization was established in 1981. 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 12/2021, Meeting Professionals International Foundation employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Meeting Professionals International Foundation 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 12/2021, Meeting Professionals International Foundation generated $919.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. 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
THE MPI FOUNDATION FUNDS EDUCATION AND INDUSTRY RESEARCH THAT DRIVES THE SUCCESS OF MEETING PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: PROVIDING FINANCIAL ASSISTANCE TO SUPPORT MEMBERSHIP, CONFERENCE, ACADEMIC AND OTHER PROFESSIONAL DEVELOPMENT SCHOLARSHIPS TO COMPLEMENT MPI MEMBERSHIP, EDUCATION AND CAREER OPPOTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Kirby Executive Director | Officer | 40 | $172,966 |
Todd Marinko Chair | OfficerTrustee | 1 | $0 |
Gary Schirmacher Chair Elect | OfficerTrustee | 1 | $0 |
Brad Kent Vice Chair | OfficerTrustee | 0.5 | $0 |
Jennifer Beatty Vice Chair | OfficerTrustee | 0.5 | $0 |
Sarah Soliman Daudin Vice Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $308,775 |
| Related organizations | $104,720 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $644,842 |
| Total Program Service Revenue | $0 |
| Investment income | $25,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,803 |
| Net Income from Fundraising Events | $209,536 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $919,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $342,500 |
| Grants and other assistance to domestic individuals. | $60,207 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,607 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,277 |
| Pension plan accruals and contributions | $1,419 |
| Other employee benefits | $4,979 |
| Payroll taxes | $18,021 |
| Fees for services: Management | $125,000 |
| Fees for services: Legal | $26,233 |
| Fees for services: Accounting | $3,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,549 |
| Advertising and promotion | $37,276 |
| Office expenses | $34,128 |
| Information technology | $30,790 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $113,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,106 |
| Interest | $15,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $75,876 |
| Total functional expenses | $1,184,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $846,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $402,501 |
| Accounts receivable, net | $658,084 |
| 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 | $13,653 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,824,749 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,745,376 |
| Accounts payable and accrued expenses | $187,937 |
| Grants payable | $0 |
| Deferred revenue | $40,306 |
| 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 | $1,999,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,228,143 |
| Net assets without donor restrictions | $860,023 |
| Net assets with donor restrictions | $1,657,210 |
| 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 | $4,745,376 |
Grants Awarded
Over the last fiscal year, Meeting Professionals International Foundation has awarded $342,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: SCHOLARSHIP SUPPORT FOR INDIVIDUAL MEMBERSHIPS | $320,000 |
Washington, DC PURPOSE: SUPPORT GLOBAL ECONOMIC SIGNIFICANCE STUDY OF LIVE BUSINESS EVENTS AND SUPPORT EQUITY ACCELERATION PLAN | $22,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Meeting Professionals International Foundation has recieved totaling $119.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $119 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |