Public Risk Management Assn Inc
- Assets
- $1.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Alexandria, VA
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 54-1526552
Organization Overview
Public Risk Management Assn Inc is located in Alexandria, VA. The organization was established in 1996. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Public Risk Management Assn Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Risk Management Assn 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 12/2023, Public Risk Management Assn Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EFFECTIVE RISK MANAGEMENT IN THE PUBLIC INTEREST AS AN ESSENTIAL COMPONENT OF PUBLIC ADMINISTRATION.
Describe the Organization's Program Activity:
ANNUAL CONFERENCE - AN ANNUAL EVENT FOR MEMBERS WITH EDUCATIONAL SESSIONS ON VARIOUS PUBLIC RISK MANAGEMENT TOPICS.
EDUCATION AND TRAINING - TRAINING CONSISTS OF WEBINARS, ONLINE TUTORIALS, PERIODIC SEMINARS AND THE PRIMA INSTITUTE.
MEMBER SERVICES - PROVIDES ON-LINE RISK MANAGEMENT INFORMATION SERVICE, MAINTAINS MEMBERSHIP RECORDS, CONDUCTS ANNUAL AWARDS PROGRAM, ASSISTS WITH PRESENTATION OF ANNUAL CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Olson President | OfficerTrustee | 5.5 | $0 |
Scott J Kramer Past President | OfficerTrustee | 3 | $0 |
Adam Maxwell President Elect | OfficerTrustee | 3 | $0 |
Joe Costamagna Director | Trustee | 3 | $0 |
Chester Darden Director | Trustee | 3 | $0 |
Jennifer Hood Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smg Holdings Inc Space Rental Services | 12/30/23 | $330,807 |
Le Meridien New Orleans Hotel And Food & Beverage Providers | 12/30/23 | $159,225 |
Moire Marketing Partners Llc Consulting Services | 12/30/23 | $122,081 |
Atx Event Systems Llc Event Technology Services (Audio Video ) | 12/30/23 | $117,994 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $82,350 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,825 |
| Total Program Service Revenue | $1,708,562 |
| Investment income | $38,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $956 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,859,054 |
| 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. | $225,239 |
| Compensation of current officers, directors, key employees. | $104,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,756 |
| Pension plan accruals and contributions | $20,201 |
| Other employee benefits | $42,846 |
| Payroll taxes | $25,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $77,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,247 |
| Advertising and promotion | $9,913 |
| Office expenses | $103,397 |
| Information technology | $52,814 |
| Royalties | $0 |
| Occupancy | $94,257 |
| Travel | $109,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $910,410 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,811 |
| Insurance | $17,927 |
| All other expenses | $0 |
| Total functional expenses | $2,034,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,937 |
| 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 | $100,707 |
| Net Land, buildings, and equipment | $5,953 |
| Investments—publicly traded securities | $838,485 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $894,090 |
| Total assets | $1,913,161 |
| Accounts payable and accrued expenses | $77,808 |
| Grants payable | $0 |
| Deferred revenue | $520,495 |
| 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 | $697,849 |
| Total liabilities | $1,296,152 |
| Net assets without donor restrictions | $617,009 |
| 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 | $1,913,161 |