Construction Financial Management Association
- Assets
- $89.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 09/1986
- Data as of
- 03/2022
- 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 03/2022, Construction Financial Management Association generated $16.1k 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 (10.1%) each year. All expenses for the organization totaled $18.1k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. 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
2022
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 |
|---|---|---|---|
Eric Goodwin Director | 2 | $0 | |
Eric Rafail Treasurer | 2 | $0 | |
Eric Whitman Director | 2 | $0 | |
Amanda Raman Director | 2 | $0 | |
Joanne Sherwood Director | 2 | $0 | |
John Hennessy President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,930 |
| Membership dues | $12,618 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $140 |
| Other Revenue | $361 |
| Total Revenue | $16,056 |
| 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 | $2,685 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,456 |
| Total expenses | $18,141 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $89,209 |
| Other assets | $0 |
| Total assets | $89,209 |
| Total liabilities | $0 |
| Net assets or fund balances | $89,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minorities Serving Institutions Science Technology Engineering And Washington, DC | $5,452,566 | $6,739,057 |
Korean-American Scientists And Engineers Association Inc Vienna, VA | $6,537,629 | $2,065,425 |
Construction Management Association Of America Inc Vienna, VA | $4,152,248 | $4,606,316 |
American Society Of Naval Engineers Alexandria, VA | $2,368,280 | $1,106,089 |
Geoprofessional Business Association Rockville, MD | $1,266,896 | $1,461,071 |
Forum To Advance Minorities In Engineering Inc Wilmington, DE | $4,753,288 | $5,079,647 |
Engineers & Surveyors Institute Chantilly, VA | $2,267,310 | $1,117,979 |
Heavy Construction Contractors Association Manassas, VA | $894,457 | $1,045,278 |
American Council Of Engineering Companies Of Pennsylvania Harrisburg, PA | $346,690 | $701,084 |
Ohio Valley Construction Employers Council Inc Wheeling, WV | $848,101 | $619,987 |
American Society Of Highway Engineers Johnstown, PA | $2,471,910 | $829,039 |
Washington Area Council Of Engineering Laboratories Inc Bethesda, MD | $730,737 | $605,783 |