Public Investors Advocate Bar Assoc Inc
- Assets
- $278.2k
- Revenue
- $855.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Norman, OK
- Founding
- 10/1996
- Data as of
- 03/2024
- EIN
- 74-2592278
Organization Overview
Public Investors Advocate Bar Assoc Inc is located in Norman, OK. The organization was established in 1996. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. As of 03/2024, Public Investors Advocate Bar Assoc Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Investors Advocate Bar Assoc 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 03/2024, Public Investors Advocate Bar Assoc Inc generated $855.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $932.6k during the year ending 03/2024. While expenses have increased by 6.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES AND OBJECTIVES OF PIABA ARE AS SET FORTH IN THE ARTICLES OF INCORPORATION AND AS FOLLOWS: (A) TO PROMOTE FAIRNESS IN THE RULES GOVERNING DISPUTE RESOLUTION FOR INVESTOR CLAIMS AGAINST SECURITIES AND COMMODITIES BROKERAGE FIRMS, REGISTERED INVESTMENT ADVISORY FIRMS, FINANCIAL INSTITUTIONS AND THEIR ASSOCIATED REPRESENTATIVES AS WELL AS OTHERS WHO SELL INVESTMENTS OR INVESTMENT ADVICE TO THE PUBLIC; (B) TO SEEK TO CREATE, IMPROVE UPON AND PROMOTE THE ENFORCEMENT OF STATUES, RULES, REGULATIONS, LAWS AND POLICIES DESIGNED TO PROMOTE INVESTOR RIGHTS AND TO PREVENT MISCONDUCT BY THOSE WHO SELL INVESTMENTS AND INVESTMENT ADVICE TO THE PUBLIC; AND (C) TO SEEK TO PROVIDE EDUCATION TO INVESTORS AND THE INVESTING PUBLIC REGARDING THEIR RIGHTS AND THE MISCONDUCT BY THOSE WHO SELL INVESTMENTS AND INVESTMENT ADVICE TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIABA MEETINGS PROVIDE ASSOCIATION MEMBERS THE OPPORTUNITY TO REVIEW, DISCUSS AND LEARN HOW CHANGES IN THE SECURITIES MARKETS, FEDERAL AND STATE LEGISLATIVE CHANGES, COURT RULINGS, AND SRO RULE CHANGES IMPACT PUBLIC INVESTORS AND PIABA MEMBERS IN THEIR REPRESENTATION OF INVESTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Shaw Executive Director | 40 | $145,000 | |
Melanie Cherdack Director | Trustee | 5 | $0 |
Samuel Edwards Director | Trustee | 5 | $0 |
Benjamin Edwards Director | Trustee | 5 | $0 |
W Scott Greco Director | Trustee | 1.5 | $0 |
Jonathan Kurta Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $198,476 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,630 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,106 |
| Total Program Service Revenue | $605,364 |
| Investment income | $5,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,652 |
| 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 | $855,905 |
| 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. | $145,000 |
| Compensation of current officers, directors, key employees. | $36,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,778 |
| Pension plan accruals and contributions | $10,546 |
| Other employee benefits | $746 |
| Payroll taxes | $39,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,672 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,388 |
| Advertising and promotion | $0 |
| Office expenses | $4,851 |
| Information technology | $31,791 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $277,541 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,491 |
| All other expenses | $2,026 |
| Total functional expenses | $932,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,048 |
| Savings and temporary cash investments | $196,144 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,000 |
| 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 | $278,192 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $39,906 |
| Total liabilities | $39,906 |
| Net assets without donor restrictions | $0 |
| 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 | $238,286 |
| Total liabilities and net assets/fund balances | $278,192 |