Money Management
- Assets
- $8.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 19
- Location
- New York, NY
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 52-2032530
Organization Overview
Money Management is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2021, Money Management employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Money Management 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 12/2021, Money Management generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MMI IS THE LEADING VOICE FOR THE GLOBAL FINANCIAL SERVICES ORGANIZATIONS THAT PROVIDE INVESTMENT ADVISORY SOLUTIONS WITH PROGRAMS FOCUSED ON MEMBER INTERACTION, PROFESSIONAL DEVELOPMENT, NEXT-GENERATION INITIATIVES, THOUGHT LEADERSHIP AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES: MEMBERSHIP SERVICES INCLUDES OUR PROGRAMS AND COMMITTEES. OUR PROGRAMS CONSIST OF BOTH MAJOR CONFERENCES AS WELL AS REGIONAL AND THEMATIC EVENTS. OUR COMMITTEES ARE FOCUSED ON DIFFERENT ROLES IN OUR MEMBER COMPANIES ORGANIZATIONS; I.E LEGAL AND COMPLIANCE, TECHNOLOGY AND OPERATIONS, HUMAN RESOURCES, ETC, OR THE TYPE OF MEMBER COMPANY; I.E. EMERGING ASSET MANAGERS, ALTERNATIVE INVESTMENTS, ETC. MMI IDENTIFIES DISCIPLINES AND NOTEWORTHY TRENDS OF OUR MEMBERSHIP.
EDUCATION: EDUCATION INITIATIVE DESIGNS, DEVELOPS, AND DISTRIBUTES COURSES TO THE INVESTMENT ADVISORY SOLUTIONS INDUSTRY. OUR COURSES RANGE FROM BASIC WEALTH MANAGEMENT TO SPECIALIZED INTEREST COURSES. MMI WORKS TOWARDS INCREASING INDUSTRY EDUCATION.
ANALYSIS AND INSIGHT: MMI DEVELOPS, CURATES AND PRESENTS INSIGHTFUL ANALYSIS THOUGHT LEADERSHIP FROM TRUSTED INDUSTRY EXPERTS. MMI COORDINATES WITH AN INDUSTRY DATA PROVIDER ON DATA INSIGHTS IN THE INDUSTRY TO PRODUCE A QUARTERLY ADVISORY SOLUTIONS PORTAL AND HOST A DATA PORTAL TO VIEW DATA TRENDS. ADDITIONALLY, MMI PRODUCES PUBLICATIONS ON INDUSTRY RELEVANT TOPICS, PARTNERS WITH RESEARCH FIRMS, AND PUBLISHES A BI ANNUAL INVESTMENT ADVISORY SOLUTIONS JOURNAL CONTAINING RELEVANT PUBLICATIONS FROM MMI'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Pfeiffer President | OfficerTrustee | 40 | $640,180 |
Arlen Oransky Svp, Chief Membership Officer | Officer | 40 | $273,102 |
Joan Lensing Svp, Chief Programming Officer | Officer | 40 | $267,486 |
Tim Williams Svp, Director Of Education | 40 | $223,083 | |
Kelly Caporale Fvp, Director Of Marketing | 40 | $161,667 | |
Chad Papanier Vp, Educational Sales | 40 | $142,238 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dover Road Data Project Expense | 12/30/17 | $228,813 |
Advisors Ahead Education | 12/30/17 | $227,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $18,139 |
| 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 | $18,139 |
| Total Program Service Revenue | $4,124,117 |
| Investment income | $14,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $111,632 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,309,180 |
| 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. | $1,332,826 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $562,512 |
| Pension plan accruals and contributions | $37,493 |
| Other employee benefits | $169,683 |
| Payroll taxes | $116,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,043 |
| Fees for services: Accounting | $37,402 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,941 |
| Fees for services: Other | $185,000 |
| Advertising and promotion | $63,390 |
| Office expenses | $94,647 |
| Information technology | $108,422 |
| Royalties | $0 |
| Occupancy | $65,558 |
| Travel | $16,006 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $204,963 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,370 |
| Insurance | $1,998 |
| All other expenses | $0 |
| Total functional expenses | $3,132,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,024,798 |
| Savings and temporary cash investments | $15,794 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,818,007 |
| 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 | $60,603 |
| Net Land, buildings, and equipment | $6,370 |
| Investments—publicly traded securities | $910,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,835,712 |
| Accounts payable and accrued expenses | $1,946,094 |
| Grants payable | $0 |
| Deferred revenue | $1,401,026 |
| 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 | $0 |
| Total liabilities | $3,347,120 |
| Net assets without donor restrictions | $5,488,592 |
| 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 | $8,835,712 |
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