International Facility Management Association Inc
- Assets
- $7.0m
- Revenue
- $6.9m
- Investments
- $735.6k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 00/0000
- Data as of
- 06/2023
- EIN
- 76-0420633
Organization Overview
International Facility Management Association Inc is located in Houston, TX. The organization was established in 0000. According to its NTEE Classification (P01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Facility 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 06/2023, International Facility Management Association Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $6.6m during the year ending 06/2023. While expenses have increased by 4.5% per year over the past 4 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.
Since 2021, International Facility Management Association Inc has awarded 14 individual grants totaling $224,593. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT FACILITY MANAGERS AND FURTHER THE FIELD OF FACILITY MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IFMA CHAPTERS PROVIDE BENEFICIAL WORKING RELATIONSHIPS ON A GEOGRAPHIC LEVEL WHILE COUNCILS MEET INDUSTRY- SPECIFIC NETWORKING AND INFORMATION NEEDS FOR SPECIFIC AREAS OF FACILITY MANAGEMENT. CHAPTERS OFFER OPPORTUNITIES FOR EXCHANGE OF INFORMATION, KNOWLEDGE AND EXPERTISE THROUGH MEETINGS AND EVENTS, EDUCATIONAL SEMINARS, ROUND TABLE PANEL DISCUSSIONS AND HOT TOPIC SPEAKERS. THEY ALSO HOST CERTIFICATION STUDY GROUPS DESIGNED FOR MEMBERS PLANNING TO TAKE IFMAS CFM EXAM. PEER SUPPORT AND KNOWLEDGE SHARING CONTRIBUTE TO ENHANCING PROFESSIONAL DEVELOPMENT. COUNCILS PRESENT MEETINGS, WEBINARS, DISCUSSION GROUPS AND ROUND TABLES TO KEEP MEMBERS CURRENT ON THE LATEST PRACTICES, PRODUCTS AND TECHNOLOGIES.
SCHOLARSHIPS TO STUDENTS OF FACILITY MANAGEMENT AND CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS.
SOME CHAPTERS PUBLISH AND DISTRIBUTE NEWSLETTERS, DIRECTORIES AND PROVIDE JOB REFERRAL SERVICES THAT PROVIDE DIRECT LOCAL CONNECTIONS AND RESOURCES. COUNCILS ALSO PUBLISH NEWSLETTERS, DIRECTORIES AND REFERRAL SERVICES MEETING NEEDS AND INTERESTS IN SPECIFIC AREAS OF FACILITY MANAGEMENT.
SOME CHAPTERS AND COUNCILS MAINTAIN WEBSITES THAT SERVE AS A VIRTUAL MEETING PLACE FOR ACTIVITIES AND INFORMATION SHARING. MANY OF THESES HOST INTERACTIVE DISCUSSIONS WITHIN THE COMPONENT UNIT, HOLD ARCHIVES OF POSTED INFORMATION AND DATA THAT MAY BE RETRIEVED AS NEEDED AND FACILITATE SHARING OF EXPERIENCES, CASE STUDIES, RESEARCH AND LINKS TO ADDITIONAL SOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chapter Treasurer | OfficerTrustee | 4 | $0 |
Name Not Listed Council Vice President | OfficerTrustee | 4 | $0 |
Name Not Listed Member Chair | OfficerTrustee | 4 | $0 |
Name Not Listed Chapter Vice President | OfficerTrustee | 4 | $0 |
Name Not Listed Chapter Publicity Chair | OfficerTrustee | 4 | $0 |
Name Not Listed Chapter Administrator | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Pierre Awards Venue | 6/29/23 | $189,479 |
Jaffee Management Inc Management Fee | 6/29/23 | $144,147 |
Celebrate Studio Inc Management Fee | 6/29/23 | $108,900 |
Association Conference Group Management Fee | 6/29/23 | $100,785 |
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 | $6,799,090 |
| Investment income | $9,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,831 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,878,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,247 |
| Grants and other assistance to domestic individuals. | $184,735 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $160,283 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,596,493 |
| Advertising and promotion | $0 |
| Office expenses | $132,755 |
| Information technology | $151,736 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,855,138 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,553,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,896,946 |
| Savings and temporary cash investments | $1,204,479 |
| 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 | $0 |
| Net Land, buildings, and equipment | $430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $735,627 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $163,722 |
| Total assets | $7,001,204 |
| 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 | $115,494 |
| Total liabilities | $115,494 |
| 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 | $6,885,710 |
| Total liabilities and net assets/fund balances | $7,001,204 |
Grants Awarded
Over the last fiscal year, International Facility Management Association Inc has awarded $50,346 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
IFMA FOUNDATION PURPOSE: general purpose support | $28,009 |
FM PIPELINE TEAM INC PURPOSE: general purpose support | $7,587 |
HOSPITALITY HOUSE OF CHARLOTTE PURPOSE: GENERAL PURPOSE SUPPORT | $6,250 |
TODD K DELANEY MEMORIAL FOUNDATION PURPOSE: GENERAL PURPOSE SUPPORT | $8,500 |