Mima Management Institute
- Assets
- $59.6k
- Revenue
- $756.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Downers Grove, IL
- Founding
- Data as of
- 06/2017
- EIN
- 36-3010180
Organization Overview
Mima Management Institute is located in Downers Grove, IL. Mima Management Institute 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 06/2017, Mima Management Institute generated $756.6k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $895.0k during the year ending 06/2017. While expenses have increased by 1.0% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXPERT HUMAN RESOURCE TRAINING, EDUCATION, AND RELATED SERVICES TO MEMBER COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE OFFERS SEMINARS AND ON-SITE TRAINING IN HUMAN RESOURCES PRACTICE AND COMPLIANCE, SUPERVISORY AND LEADERSHIP ENHANCEMENT, AND DISCRIMINATION AND HARASSMENT AWARENESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Costello Chair | OfficerTrustee | 0.5 | $0 |
Ron Adams 2nd Vice Chair | OfficerTrustee | 0.5 | $0 |
Martin Swarbrick Vice Chair | OfficerTrustee | 0.5 | $0 |
George Khoury Chief Financial Officer | Officer | 2 | $0 |
Mary Lynn Fayoumi President | Officer | 3 | $0 |
Kelly Hayden Chief Legal Counsel | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $756,571 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,178 |
| Pension plan accruals and contributions | $36,161 |
| Other employee benefits | $40,850 |
| Payroll taxes | $25,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,822 |
| Advertising and promotion | $75 |
| Office expenses | $52,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,084 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $894,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,651 |
| 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 | $11,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,551 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $47,485 |
| 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 | $2,125,601 |
| Total liabilities | $2,173,086 |
| Net assets without donor restrictions | -$2,113,535 |
| 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 |
| Total liabilities and net assets/fund balances | -$2,113,535 |
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