Human Resource Certification Institute Inc
- Assets
- $35.0m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 57
- Location
- Alexandria, VA
- Founding
- Data as of
- 12/2022
- EIN
- 47-2243621
Organization Overview
Human Resource Certification Institute Inc is located in Alexandria, VA. As of 12/2022, Human Resource Certification Institute Inc employed 57 individuals. Human Resource Certification Institute Inc 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 12/2022, Human Resource Certification Institute Inc generated $18.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $17.3m during the year ending 12/2022. 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
ESTABLISH AND MAINTAIN PROFESSIONAL STANDARDS IN THE FIELD OF HUMAN RESOURCE MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFICATION: THE INSTITUTE CONDUCTS CERTIFICATION EXAMINATIONS IN ORDER TO RECOGNIZE PROFESSIONALS WHO HAVE DEMONSTRATED KNOWLEDGE AND EXPERTISE IN HUMAN RESOURCE MANAGEMENT. THESE EXPENSES ARE RELATED TO THE EXAM DEVELOPMENT AND ADMINISTRATION OF EIGHT CREDENTIALS FROM EARLY CAREER TO SENIOR-LEVEL HR PRACTICE. THE INSTITUTE UTILIZES PROFESSIONAL EXAMINATION COMPANIES TO SUPPORT THE EXAM DEVELOPMENT AND TESTING PROCESS, AND SUBJECT MATTER EXPERTS TO WRITE AND PEER REVIEW EXAM CONTENT AT EACH STAGE OF THE PROCESS. THE INSTITUTE OFFERS WORLD-CLASS LEARNING DEDICATED TO HELPING PROFESSIONALS ACHIEVE NEW COMPETENCIES THAT DRIVE BUSINESS RESULTS. THE LEARNING COURSES ARE BASED ON PROVEN PRACTICES AND KNOWLEDGE GAINING TECHNIQUES THAT HELP HR PROFESSIONALS IN THEIR DAY-TO-DAY RESPONSIBILITIES. THROUGH THESE LEARNING COURSES, PROFESSIONALS CAN RECEIVE RECERTIFICATION CREDIT THAT CAN BE APPLIED TO A CERTIFICATION, DEMONSTRATING THE COMMITMENT TO CONTINUING COMPETENCE. THE INSTITUTE ALSO CERTIFIES ORGANIZATIONS BY VALIDATING ORGANIZATIONAL HR PROCESSES TO GLOBAL STANDARDS. ONCE CERTIFIED, ORGANIZATIONS CONTINUE TO DOCUMENT THEIR COMMITMENT TO CONTINUAL IMPROVEMENT IN HR PROCESSES THROUGH ANNUAL REVIEWS AND PERIODIC RECERTIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Schabacker Dufrane Edd Sphr C Chief Executive Officer | OfficerTrustee | 37.5 | $701,029 |
David Meginley Chief Revenue And Learning Officer | Officer | 37.5 | $419,683 |
Elizabeth Haight Chief Financial Officer | Officer | 37.5 | $308,817 |
Christopher Scandlen Chief Information Officer | Officer | 37.5 | $295,010 |
Supoj Srikittipraphat Director, Information Technology | 37.5 | $190,292 | |
Cristofer Brayman Senior Director, Marketing And Ecommerce | 37.5 | $178,705 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Competitive Computing Inc It Contractor | 12/30/22 | $1,318,769 |
Mindedge Inc Cert Prep And Learning Provider | 12/30/22 | $938,806 |
Ncs Pearson Inc Examination Services | 12/30/22 | $864,857 |
Human Resource Certification Preparation Cert Prep Provider | 12/30/22 | $487,781 |
Hrcom Limited Cert Prep Provider | 12/30/22 | $605,578 |
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 | $17,353,111 |
| Investment income | $905,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $599 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$41,830 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,247,083 |
| 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. | $1,842,936 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,048,573 |
| Pension plan accruals and contributions | $281,857 |
| Other employee benefits | $487,283 |
| Payroll taxes | $422,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $215,886 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $142,597 |
| Fees for services: Other | $1,672,115 |
| Advertising and promotion | $1,180,006 |
| Office expenses | $686,500 |
| Information technology | $1,156,174 |
| Royalties | $0 |
| Occupancy | $354,987 |
| Travel | $542,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $166,525 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,678,255 |
| Insurance | $87,582 |
| All other expenses | $1,550 |
| Total functional expenses | $17,336,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,739,661 |
| Savings and temporary cash investments | $308,541 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,427 |
| 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 | $582,846 |
| Net Land, buildings, and equipment | $4,818,925 |
| Investments—publicly traded securities | $24,415,958 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,002,029 |
| Total assets | $35,034,387 |
| Accounts payable and accrued expenses | $3,012,273 |
| Grants payable | $0 |
| Deferred revenue | $2,888,425 |
| 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 | $2,537,892 |
| Total liabilities | $8,438,590 |
| Net assets without donor restrictions | $26,595,797 |
| 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 | $35,034,387 |