Professional Convention Management Association
- Assets
- $13.5m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 64
- Location
- Chicago, IL
- Founding
- 02/1967
- Data as of
- 12/2021
- EIN
- 36-2597526
Organization Overview
Professional Convention Management Association is located in Chicago, IL. The organization was established in 1967. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Professional Convention Management Association employed 64 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Professional Convention Management 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 12/2021, Professional Convention Management Association generated $11.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $11.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE VALUE OF PROFESSIONAL CONVENTION MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENING LEADERS BUSINESS EVENTS:THIS PROGRAM PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR PCMA MEMBERS AND OTHERS IN THE BUSINESS EVENTS INDUSTRY. THE EVENT PROMOTES THE VALUE OF BUSINESS EVENTS.
EDUCATION CONFERENCE BUSINESS EVENTS:THIS PROGRAM PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR PCMA MEMBERS AND OTHERS IN THE BUSINESS EVENTS INDUSTRY. THE EVENT PROMOTES THE VALUE OF BUSINESS EVENTS.
DIGITAL EVENTS: THIS PROGRAM IS DEDICATED TO PROVIDING LIVE EVENT STREAMING FOR PCMA EVENTS, AS WELL AS PROVIDING HIGH LEVEL EDUCATION TO MEETING PROFESSIONALS, HYBRID AND/OR DIGITAL EVENT PRODUCERS WHO ARE NEW OR SEASONED DIGITAL EVENTS PRODUCERS IN THE DIGITAL EVENT SPACE.
DESTINATION SHOWCASE:THIS PROGRAM PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR PCMA MEMBERS AND OTHERS IN THE BUSINESS EVENT INDUSTRY. THE EVENT PROMOTES THE VALUE OF BUSINESS EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherrif Karamat President & CEO | Officer | 32 | $692,576 |
Bruce Macmillan Chief Operating Officer | Officer | 40 | $317,893 |
Meredith Rollins Executive Director, Foundation | Officer | 20 | $238,447 |
Mona Cotton Chief Development Officer | Officer | 40 | $231,949 |
Robert Haas Chief Technology Officer | Officer | 40 | $214,665 |
Tonya Almond Vp, Knowledge & Exp. Design | Officer | 40 | $183,584 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Freeman Company Llc Event Services | 12/30/21 | $498,119 |
Marriot Business Services Event Services | 12/30/21 | $230,478 |
Fonteva Inc Consulting | 12/30/21 | $255,350 |
George P Johnson Event Services | 12/30/21 | $202,666 |
Fusionspan Consulting | 12/30/21 | $199,872 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $191,727 |
| Government grants | $1,652,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,844,227 |
| Total Program Service Revenue | $6,108,990 |
| Investment income | $219,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $352,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,418,440 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,522,188 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $1,480,865 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,123,445 |
| Pension plan accruals and contributions | $267,523 |
| Other employee benefits | $560,685 |
| Payroll taxes | $456,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,380 |
| Fees for services: Accounting | $66,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,402 |
| Fees for services: Other | $872,012 |
| Advertising and promotion | $396,593 |
| Office expenses | $27,304 |
| Information technology | $673,169 |
| Royalties | $0 |
| Occupancy | $537,563 |
| Travel | $276,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,540,980 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214,379 |
| Insurance | $75,160 |
| All other expenses | $116,717 |
| Total functional expenses | $11,064,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $948,027 |
| Savings and temporary cash investments | $147,979 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,199,604 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,532 |
| Prepaid expenses and deferred charges | $540,265 |
| Net Land, buildings, and equipment | $690,053 |
| Investments—publicly traded securities | $7,422,012 |
| Investments—other securities | $0 |
| Investments—program-related | $326,000 |
| Intangible assets | $44,051 |
| Other assets | $2,163,911 |
| Total assets | $13,503,434 |
| Accounts payable and accrued expenses | $1,269,173 |
| Grants payable | $0 |
| Deferred revenue | $4,350,151 |
| 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 | $2,559,830 |
| Total liabilities | $8,179,154 |
| Net assets without donor restrictions | $5,324,280 |
| 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 | $13,503,434 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Professional Convention Management Association has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Foundation Of The Professional Convention Management Asso Chicago, IL PURPOSE: FUNDING TO SUPPORT RESEARCH AND DEVELOPMENT OF PCMA PRODUCTS AND SERVICES. | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |