American Marketing Association Inc
- Assets
- $13.3m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 99
- Location
- Chicago, IL
- Founding
- 07/1992
- Data as of
- 06/2022
- EIN
- 36-2130315
Organization Overview
American Marketing Association Inc is located in Chicago, IL. The organization was established in 1992. 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 06/2023, American Marketing Association Inc employed 99 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Marketing Association Inc 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 06/2022, American Marketing Association Inc generated $15.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $15.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, American Marketing Association Inc has awarded 32 individual grants totaling $657,593. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AMA STRIVES TO BE THE MOST RELEVANT FORCE AND VOICE SHAPING MARKETING AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROWTH:INCLUDES DELIVERY OF AND SUPPORT FOR SERVICES IN CONNECTION WITH OVER 250,000 INDIVIDUAL MARKETERS WHO WORK, TEACH OR STUDY IN THE FIELD OF MARKETING. THE PROGRAM PROVIDES MARKETERS WITH ACCESS TO CONTINUED EDUCATION, NETWORKING, FINANCIAL AID, INDIVIDUAL AND ORGANIZATIONAL GOAL PLANNING.
PROFESSIONAL DEVELOPMENT:THE AMA HAS MANY PROFESSIONAL DEVELOPMENT RESOURCES OFFERED TO THE MARKETING COMMUNITY, INCLUDING CONFERENCES, VIRTUAL TRAININGS, CERTIFICATION PROGRAMS, SKILLS ASSESSMENTS, AND OTHER PROFESSIONAL DEVELOPMENT CONTENT.
COMMUNITIES AND JOURNALS:INCLUDES SUPPORT FOR VOLUNTEERS AND NURTURES RELATIONSHIPS WITH CURRENT AND FUTURE VOLUNTEERS ACROSS THE MARKETING COMMUNITY. THE PROGRAM PUBLISHES LEADING JOURNALS IN THE MARKETING DISCIPLINE AND SUPPORTS THE COMMUNITY INFRASTRUCTURE THAT CREATES, CURATES, AND EXECUTES VALUED PROGRAMMING AND CONTENT FOR MARKETING PROFESSIONALS, SCHOLARS, STUDENTS, AND EDUCATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Albritton Past Chairperson | OfficerTrustee | 2 | $0 |
Kevin Bradford Chairperson | OfficerTrustee | 4 | $0 |
Lisa Bowman Chairperson-Elect | OfficerTrustee | 3 | $0 |
Dennis R James Treasurer | OfficerTrustee | 3 | $0 |
Michael Brady Secretary-New | OfficerTrustee | 3 | $0 |
Jessica Perry At-Large Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
10up Inc Software Consultants | 6/29/23 | $349,926 |
Toptal Inc Co Taso Duval Software Consultants | 6/29/23 | $139,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,140,692 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,293,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,433,970 |
| Total Program Service Revenue | $13,054,217 |
| Investment income | $223,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$333,038 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,785,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,540 |
| Grants and other assistance to domestic individuals. | $86,311 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,685 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,023,772 |
| Compensation of current officers, directors, key employees. | $1,428,013 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,042,236 |
| Pension plan accruals and contributions | $200,982 |
| Other employee benefits | $518,349 |
| Payroll taxes | $417,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,626 |
| Fees for services: Accounting | $43,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,245 |
| Fees for services: Other | $568,157 |
| Advertising and promotion | $460,357 |
| Office expenses | $106,662 |
| Information technology | $620,333 |
| Royalties | $0 |
| Occupancy | $968,025 |
| Travel | $274,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,791,826 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $651,082 |
| Insurance | $69,176 |
| All other expenses | $66,387 |
| Total functional expenses | $15,044,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,358,460 |
| Savings and temporary cash investments | $71,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $372,855 |
| 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 | $332,287 |
| Net Land, buildings, and equipment | $2,205,234 |
| Investments—publicly traded securities | $4,919,857 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,166 |
| Other assets | $0 |
| Total assets | $13,271,352 |
| Accounts payable and accrued expenses | $1,870,813 |
| Grants payable | $0 |
| Deferred revenue | $3,869,022 |
| 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 | $40,222 |
| Total liabilities | $5,780,057 |
| Net assets without donor restrictions | $3,888,401 |
| Net assets with donor restrictions | $3,602,894 |
| 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 | $13,271,352 |
Grants Awarded
Over the last fiscal year, American Marketing Association Inc has awarded $16,525 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION FOR CONSUMER RESEARCH PURPOSE: PROJECT SUPPORT | $8,000 |
THE PHD PROJECT ASSOCIATION PURPOSE: PROJECT SUPPORT | $8,525 |