Information Technology Senior Management Forum Inc
- Assets
- $2.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Atlanta, GA
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 36-4252672
Organization Overview
Information Technology Senior Management Forum Inc is located in Atlanta, GA. The organization was established in 2002. According to its NTEE Classification (J21) the organization is classified as: Vocational Counseling, under the broad grouping of Employment and related organizations. As of 12/2022, Information Technology Senior Management Forum Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Information Technology Senior Management Forum 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 12/2022, Information Technology Senior Management Forum Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 13.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ITSMF INCREASES THE REPRESENTATION OF BLACK PROFESSIONALS AT SENIOR LEVELS IN TECHNOLOGY, TO IMPACT ORGANIZATIONAL INNOVATION AND GROWTH. WE DO THIS BY DEVELOPING AND NURTURING THESE DYNAMIC LEADERS THROUGH ENRICHMENT OF THE MIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTERING UPPER-LEVEL EXECUTIVE TALENT AMONG NATIONAL AFRICAN AMERICAN INFORMATION TECHNOLOGY (IT) PROFESSIONALS.
TO ASSIST COLLEGE-LEVEL STUDENTS IN THEIR PURSUIT OF STEM-RELATED DISCIPLINES AND ALLEVIATE THE FINANCIAL BURDEN OF HIGHER EDUCATION, THE ITSMF FOUNDATION PROVIDES SCHOLARSHIPS. STUDENTS ARE CHOSEN BASED ON THEIR ACADEMIC PERFORMANCE, APTITUDE TO LEAD AND SERVE AND COMMITMENT TO FURTHERING THEIR EDUCATION. SCHOLARSHIP RECIPIENTS ARE WELCOMED INTO THE ITSMF FAMILY AND RECEIVE ON-GOING SUPPORT AND ENCOURAGEMENT TO ENSURE THEY REMAIN ON THE PATH TOWARD GRADUATION AND REALIZE THEIR VALUE AS A FUTURE TECHNOLOGY LEADER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johanna Jones President & CEO | Officer | 40 | $273,484 |
Robert Scott VP Of Global Institute Of Professional Development | 40 | $198,025 | |
Alicia Rankin VP Of Development | 40 | $119,125 | |
Elaine Norman VP Of Member Services And External Affairs | 40 | $124,437 | |
Daryel Peake Director Of Development | 40 | $109,875 | |
Michael Buckham- White Chairperson | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Taylor Made Products Audio Visual | 12/30/22 | $336,585 |
Turner Integrated Management Services Management Coaching, Workshop Facilitati | 12/30/22 | $176,819 |
305 Communications Event Management | 12/30/22 | $124,828 |
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 | $1,084,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,084,964 |
| Total Program Service Revenue | $2,825,295 |
| Investment income | $16,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$65,152 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,868,104 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,700 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $273,970 |
| Compensation of current officers, directors, key employees. | $122,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,119,307 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,606 |
| Payroll taxes | $99,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,920 |
| Fees for services: Accounting | $53,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,000 |
| Fees for services: Investment Management | $7,779 |
| Fees for services: Other | $1,277,901 |
| Advertising and promotion | $1,275 |
| Office expenses | $20,937 |
| Information technology | $140,031 |
| Royalties | $0 |
| Occupancy | $4,078 |
| Travel | $168,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $462,172 |
| Interest | $4,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,002 |
| All other expenses | $40,974 |
| Total functional expenses | $3,920,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,563 |
| Savings and temporary cash investments | $55,441 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $850,853 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $720,996 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,015,853 |
| Accounts payable and accrued expenses | $342,586 |
| Grants payable | $0 |
| Deferred revenue | $773,601 |
| 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 | $144,853 |
| Other liabilities | $0 |
| Total liabilities | $1,261,040 |
| Net assets without donor restrictions | $754,813 |
| 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 | $2,015,853 |