Public Risk Management Assn Inc
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Alexandria, VA
- Founding
- 08/1996
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Public Risk Management Assn Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 years. 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
2021
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 |
|---|---|---|---|
Jennifer Ackerman Chief Executive Officer | Officer | 37.5 | $186,745 |
Melissa Rsteger President | OfficerTrustee | 5.5 | $0 |
Jamiann N Hannah President-Elect | OfficerTrustee | 3 | $0 |
Sheri D Swain Past President | OfficerTrustee | 3 | $0 |
Adam Maxwell Director | Trustee | 3 | $0 |
Michael S Payne Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marriott International Inc Annual Conference Food And Beverage | 12/30/19 | $269,282 |
Freeman Audio Visual Av Services | 12/30/19 | $113,625 |
Lho Mission Vay Rosie Lessee Inc Prima Institute Venue | 12/30/19 | $112,213 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $70,000 |
| Government grants | $100,000 |
| 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 | $170,000 |
| Total Program Service Revenue | $1,008,276 |
| Investment income | $9,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,471 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,199,439 |
| 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. | $195,426 |
| Compensation of current officers, directors, key employees. | $83,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,527 |
| Pension plan accruals and contributions | $39,829 |
| Other employee benefits | $37,284 |
| Payroll taxes | $23,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,300 |
| Fees for services: Accounting | $70,984 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,770 |
| Advertising and promotion | $4,449 |
| Office expenses | $121,011 |
| Information technology | $45,845 |
| Royalties | $0 |
| Occupancy | $99,824 |
| Travel | $19,321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $225,671 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,255 |
| Insurance | $10,964 |
| All other expenses | $0 |
| Total functional expenses | $1,141,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,144 |
| 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 | $128,572 |
| Net Land, buildings, and equipment | $4,165 |
| Investments—publicly traded securities | $949,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $393,265 |
| Total assets | $1,569,157 |
| Accounts payable and accrued expenses | $69,589 |
| Grants payable | $0 |
| Deferred revenue | $566,507 |
| 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 | $313,586 |
| Total liabilities | $949,682 |
| Net assets without donor restrictions | $619,475 |
| 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 | $1,569,157 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
One Common Unity Inc Washington, DC | $667,542 | $2,484,423 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Sitar Arts Center Washington, DC | $12,189,332 | $3,951,154 |
Appalshop Inc Whitesburg, KY | $8,650,033 | $2,149,775 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
National Council For The Traditional Arts Silver Spring, MD | $1,116,811 | $2,051,101 |