Treasury Management Association Of Chicago
- Assets
- $1.8m
- Revenue
- $124.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1987
- Data as of
- 06/2023
- EIN
- 36-3514630
Organization Overview
Treasury Management Association Of Chicago is located in Chicago, IL. The organization was established in 1987. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treasury Management Association Of Chicago 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 06/2023, Treasury Management Association Of Chicago generated $124.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.2%) each year. All expenses for the organization totaled $228.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Treasury Management Association Of Chicago has awarded 34 individual grants totaling $149,832. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE TREASURY MANAGEMENT ASSOCIATION OF CHICAGO IS COMMITTED TO ENHANCING ITS MEMBERSHIP BY PROVIDING QUALITY EDUCATION AND NETWORKING OPPORTUNITIES IN AN ENVIRONMENT THAT IS CONDUCIVE TO THE ADVANCEMENT OF FINANCIAL MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL WINDY CITY SUMMIT TREASURY MANAGEMENT CONFERENCE INCLUDES PRESENTATIONS AND WORKSHOPS RELEVANT TO TREASURY MANAGERS, SUCH AS FINANCIAL MARKET AND PAYMENT SYSTEMS. THE 2020 WINDY CITY SUMMIT WAS CANCELLED AS A RESULT OF THE COVID-19 PANDEMIC, HOWEVER, PRESENTERS WERE PROVIDED AN OPPORTUNITY TO DELIVER THEIR PRESENTATIONS VIRTUALLY VIA "THE LAST WORD". STARTING IN 2021 AND MOVING FORWARD, CONFERENCES ARE BACK ON SCHEDULE.
MONTHLY PROGRAMS, PRESENTATIONS, AND DISCUSSIONS ON TOPICS OF INTEREST TO TREASURY MANAGEMENT PROFESSIONALS ATTENDED BY A NUMBER OF PEOPLE.
THE ORGANIZATION HAS A SCHOLARSHIP PROGRAM THAT ASSISTS STUDENTS STUDYING TREASURY MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Yappel President Emeritus | Trustee | 2 | $0 |
Gary Silha Wcs Co-Chair | Trustee | 2 | $0 |
Sunil Patel Wcs Co-Chair | Trustee | 2 | $0 |
Kelli Perkins Meeting Site Co-Chair | Trustee | 2 | $0 |
Jennie Cole Meeting Site Co-Chair | Trustee | 2 | $0 |
Bradley Schuller Program Co-Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $69,911 |
| Investment income | $54,301 |
| 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 | $124,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,023 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $51,125 |
| Fees for services: Legal | $3,058 |
| Fees for services: Accounting | $26,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $995 |
| Office expenses | $1,160 |
| Information technology | $6,676 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,869 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,385 |
| All other expenses | $13,829 |
| Total functional expenses | $228,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,703,934 |
| Savings and temporary cash investments | $0 |
| 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 | $57,363 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,761,297 |
| Accounts payable and accrued expenses | $51,416 |
| Grants payable | $0 |
| Deferred revenue | $18,054 |
| 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 | $14,291 |
| Other liabilities | $0 |
| Total liabilities | $83,761 |
| Net assets without donor restrictions | $1,677,536 |
| 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 | $1,761,297 |
Grants Awarded
Over the last fiscal year, Treasury Management Association Of Chicago has awarded $15,220 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DOMINICAN UNIVERSITY PURPOSE: PAYMENTS FOR STUDENT SCHOLARSHIPS IN THE SCHOOL'S TREASURY DEPARTMENT. | $4,865 |
NORTHERN ILLINOIS UNIVERSITY PURPOSE: PAYMENTS FOR STUDENT SCHOLARSHIPS IN THE SCHOOL'S TREASURY DEPARTMENT. | $3,505 |
ROOSEVELT UNIVERSITY PURPOSE: PAYMENTS FOR STUDENT SCHOLARSHIPS IN THE SCHOOL'S TREASURY DEPARTMENT. | $5,389 |
UNIVERSITY OF WISCONSIN-PARKSIDE PURPOSE: PAYMENTS FOR STUDENT SCHOLARSHIPS IN THE SCHOOL'S TREASURY DEPARTMENT. | $1,461 |