Construction Financial Management Association
- Assets
- $90.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 09/1986
- Data as of
- 03/2023
- EIN
- 59-3785123
Organization Overview
Construction Financial Management Association is located in Bethesda, MD. The organization was established in 1986. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Construction Financial Management Association 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 03/2023, Construction Financial Management Association generated $32.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $30.9k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE EDUCATIONAL CONTENT FOR CONSTRUCTION INDUSTRY FINANCIAL PROFESSIONALS THROUGH 6 BI-MONTHLY CHAPTER MEETINGS. 50-100 PEOPLE IN ATTENDANCE PER MEETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Raman Director | 2 | $0 | |
Eric Goodwin Director | 2 | $0 | |
Eric Rafail Treasurer | 2 | $0 | |
Eric Whitman Director | 2 | $0 | |
Joanne Sherwood Director | 2 | $0 | |
John Hennessy Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $16,812 |
| Membership dues | $9,906 |
| Investment income | $26 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $431 |
| Other Revenue | $4,937 |
| Total Revenue | $32,112 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,979 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,900 |
| Total expenses | $30,879 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $90,442 |
| Other assets | $0 |
| Total assets | $90,442 |
| Total liabilities | $0 |
| Net assets or fund balances | $90,442 |