The Fiduciary And Investment Risk Management Association Inc
- Assets
- $667.0k
- Revenue
- $455.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lancaster, SC
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 58-1822399
Organization Overview
The Fiduciary And Investment Risk Management Association Inc is located in Lancaster, SC. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fiduciary And Investment Risk Management Association 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 12/2021, Fiduciary And Investment Risk Management Association Inc generated $455.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $335.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. 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
GOALS ARE TO DISSEMINATE INFORMATION & EDUCATIONAL MATERIALS TO ITS MEMBERS, TO ESTABLISH & MAINTAIN HIGH STANDARDS OF INTEGRITY & CHARACTER AMONG INTERNAL AUDITORS, RISK AND COMPLIANCE MANAGERS & TO PROVIDE COMPREHENSIVE PROFESSIONAL DEVELOPMENT ACTIVITIES & STANDARDS FOR THE PRACTICE OF TRUST & FINANCIAL SERVICES AUDIT, RISK, AND COMPLIANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING AND INFORMING PEOPLE IN THE AREA OF TRUST AND FINANCIAL SERVICES AUDIT, RISK, AND COMPLIANCE THROUGH A FOUR DAY NATIONAL TRAINING CONFERENCE, LIVE PROGRAMS AT REGIONAL TRAINING SEMINARS, AND WEBINAR TRAINING PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
P Hale Mast Exec Directo | Trustee | 40 | $147,996 |
Catherine M Fujisaki Secretary | OfficerTrustee | 1 | $0 |
William T Norris Vice Preside | OfficerTrustee | 1 | $0 |
Casey Jeanneret President | OfficerTrustee | 4 | $0 |
Bruce K Goldberg Director | Trustee | 1 | $0 |
John D Temple Director | Trustee | 1 | $0 |
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 | $455,573 |
| Investment income | $154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,727 |
| 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. | $147,996 |
| Compensation of current officers, directors, key employees. | $36,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $250 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,009 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,864 |
| All other expenses | $14,921 |
| Total functional expenses | $335,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,319 |
| Savings and temporary cash investments | $222,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,798 |
| 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 | $80,842 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $667,008 |
| Accounts payable and accrued expenses | $37,705 |
| Grants payable | $0 |
| Deferred revenue | $68,574 |
| 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 | $106,279 |
| Net assets without donor restrictions | $560,729 |
| 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 | $667,008 |
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