Meeting Professionals International Foundation
- Assets
- $4.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Dallas, TX
- Founding
- 05/1981
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Meeting Professionals International Foundation generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $897.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. 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 FUND 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 |
|---|---|---|---|
Todd Marinko Past Chair | OfficerTrustee | 1 | $0 |
Gary Schirmacher Chair | OfficerTrustee | 1.75 | $0 |
Jennifer Beatty Chair-Elect | OfficerTrustee | 1 | $0 |
Gina Samci Vice Chair - Programs | OfficerTrustee | 1 | $0 |
Susie Townsend Vice Chair - Finance | OfficerTrustee | 1.5 | $0 |
David Kliman Vice Chair - Development | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $381,400 |
| Related organizations | $129,377 |
| Government grants | $52,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $295,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $858,204 |
| Total Program Service Revenue | $0 |
| Investment income | $62,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $334,548 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,255,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $61,174 |
| Grants and other assistance to Foreign Orgs/Individuals | $39,861 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,950 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,515 |
| Pension plan accruals and contributions | $1,469 |
| Other employee benefits | $10,618 |
| Payroll taxes | $15,810 |
| Fees for services: Management | $125,000 |
| Fees for services: Legal | $18,926 |
| Fees for services: Accounting | $21,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,374 |
| Advertising and promotion | $2,744 |
| Office expenses | $30,891 |
| Information technology | $43,362 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $85,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,500 |
| Interest | $55,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $897,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $677,655 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $272,486 |
| Accounts receivable, net | $508,459 |
| 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 | $18,064 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,425,528 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,902,192 |
| Accounts payable and accrued expenses | $215,984 |
| Grants payable | $0 |
| Deferred revenue | $22,594 |
| 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 | $2,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,238,578 |
| Net assets without donor restrictions | $1,005,278 |
| Net assets with donor restrictions | $1,658,336 |
| 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 | $4,902,192 |
Grants Awarded
Over the last fiscal year, Meeting Professionals International Foundation has awarded $342,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EVENTS INDUSTRY COUNCIL PURPOSE: SUPPORT GLOBAL ECONOMIC SIGNIFICANCE STUDY OF LIVE BUSINESS EVENTS AND SUPPORT EQUITY ACCELERATION PLAN | $22,500 |
MEETING PROFESSIONALS INTERNATIONAL PURPOSE: SCHOLARSHIP SUPPORT FOR INDIVIDUAL MEMBERSHIPS | $320,000 |