Community Associations Institute
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Schaumburg, IL
- Founding
- 06/1979
- Data as of
- 12/2023
- EIN
- 36-3445388
Organization Overview
Community Associations Institute is located in Schaumburg, IL. The organization was established in 1979. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Community Associations Institute employed 7 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Community Associations Institute 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 12/2023, Community Associations Institute generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CAI-IL IS TO PROVIDE EDUCATION, LEGISLATIVE ADVOCACY AND PROFESSIONAL SERVICE RESOURCES TO ACHIEVE EXCELLENCE IN COMMUNITY ASSOCIATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE & EXPOSITION:THE 2023 CONFERENCE AND EXPO WAS ATTENDED BY OVER 550 PEOPLE AND INCLUDED 15 EDUCATION SESSIONS TO CHOOSE FROM.
MAGAZINE:COMMON INTEREST IS A MAGAZINE, PUBLISHED QUARTERLY BY THE ILLINOIS CHAPTEROF CAI, FILLED WITH INFORMATIVE COMMUNITY ASSOCIATION ARTICLES, AND MAILEDTO CAI MEMBERS. A DIGITIZED VERSION OF THE MAGAZINE IS AVAILABLE ON THE CAIWEBSITE.
EDUCATION:THE CHAPTER OFFERS A VARIETY OF EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR FOR PROPERTY MANAGERS, HOMEOWNERS AND FOR MIXED AUDIENCES OF PROPERTY MANAGERS AND HOMEOWNERS. THE CHAPTER ALSO OFFERS WEBINAR EDUCATION PROGRAMS. CHAPTER EDUCATIONAL PROGRAM OFFERINGS INCLUDE THE DEDICATED COMMUNITY ASSOCIATION LEADER(DCAL) PROGRAM, THE LEGAL FORUM AND CMCA REVIEW PROGRAMS.THE DCAL PROGRAM WAS CREATED TO RECOGNIZE COMMUNITY ASSOCIATION VOLUNTEER LEADERS FOR THEIR COMMITMENT TO EDUCATION AND PROMOTION OF POSITIVE LIVING WITHIN THE COMMON INTEREST COMMUNITIES IN WHICH THEY SERVE. DCAL COURSES EDUCATE COMMUNITY ASSOCIATION VOLUNTEERS IN THE DAILY OPERATIONS AND ISSUES THEY MUST FACE WITHIN AN ASSOCIATION AS WELL AS FEDERAL, STATE AND LOCAL LEGISLATION.THE LEGAL FORUM IS AN ANNUAL EDUCATION EVENT SPECIFICALLY DEDICATED TO LEGAL TOPICS AND LEGAL ISSUES RELATED TO COMMUNITY ASSOCIATION LIVING. THE EDUCATION SESSIONS ARE TAUGHT BY PARTICIPATING ATTORNEYS WHO ALSO HAVE THE OPPORTUNITY TO TAKE PART IN TWO PANEL DISCUSSIONS AND A Q&A SESSION. THE CMCA REVIEW IS A TEST REVIEW COURSE FOR PROPERTY MANAGERS PREPARING TO TAKE THE CMCA TEST. PROPERTY MANAGERS MUST PASS THE CMCA TEST IN ORDER TO EARN THE CERTIFIED MANAGER OF COMMUNITY ASSOCIATIONS DESIGNATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Murphy Executive Dir. | Officer | 40 | $164,497 |
Brittany Kojzarek President | OfficerTrustee | 2 | $0 |
Carlo Caprio Vice President | OfficerTrustee | 1 | $0 |
Steven Silberman Treasurer | OfficerTrustee | 2 | $0 |
Carrie Surratt Secretary | OfficerTrustee | 1 | $0 |
Michele Dubois Past President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $163,084 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,157 |
| Total Program Service Revenue | $762,862 |
| Investment income | $25,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,673 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,099,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $164,497 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,949 |
| Payroll taxes | $34,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $595 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $75,667 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,670 |
| Advertising and promotion | $10,052 |
| Office expenses | $82,095 |
| Information technology | $22,996 |
| Royalties | $0 |
| Occupancy | $53,219 |
| Travel | $5,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $226,566 |
| Interest | $1,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,579 |
| Insurance | $17,028 |
| All other expenses | $0 |
| Total functional expenses | $1,117,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,315 |
| Savings and temporary cash investments | $217,381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $68,036 |
| Net Land, buildings, and equipment | $185,397 |
| Investments—publicly traded securities | $450,290 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,000 |
| Total assets | $1,233,419 |
| Accounts payable and accrued expenses | $56,209 |
| Grants payable | $0 |
| Deferred revenue | $432,712 |
| 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 | $187,479 |
| Other liabilities | $23,372 |
| Total liabilities | $699,772 |
| Net assets without donor restrictions | $533,647 |
| 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 | $1,233,419 |