Investment Management Consultants Assn Inc
- Assets
- $29.3m
- Revenue
- $14.0m
- Investments
- $0.0
- Employees
- 56
- Location
- Greenwood Village, CO
- Founding
- 08/1986
- Data as of
- 12/2022
- EIN
- 84-1009166
Organization Overview
Investment Management Consultants Assn Inc, operating under the name Investments & Wealth Institute, is located in Greenwood Village, CO. The organization was established in 1986. 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. As of 12/2022, Investments & Wealth Institute employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Investments & Wealth Institute 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 12/2022, Investments & Wealth Institute generated $14.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $15.7m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INVESTMENT CONSULTING AND WEALTH MANAGEMENT EDUCATION & CREDENTIALING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFICATION - ADMINISTRATION OF THE ORGANIZATION'S INITIAL CERTIFICATION AND RECERTIFICATION PROGRAMS FOR THE CERTIFIED INVESTMENT MANAGEMENT ANALYST, THE CERTIFIED PRIVATE WEALTH ADVISOR AND THE RETIREMENT MANAGEMENT ADVISOR DESIGNATION.
MEETINGS AND CONFERENCES - ADMINISTRATION OF MEETINGS AND CONFERENCES THAT PROVIDE CONTINUING EDUCATION RELATED TO THE INVESTMENT MANAGEMENT PROFESSION FOR THE ORGANIZATION'S MEMBERS AND THE GENERAL PUBLIC.
MEMBERSHIP - ADMINISTRATION OF THE ORGANIZATION'S MEMBER BENEFIT PROGRAMS WHICH INCLUDE COMMUNICATIONS AND PUBLICATIONS THAT SUPPORT THE INVESTMENT MANAGEMENT PROFESSION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Walters Ceo/executive Director | Officer | 40 | $500,000 |
Angela Lutterman Cfo/coo | Officer | 40 | $299,140 |
Tim Whiting Cro & Managing Dr Of Sales | Officer | 40 | $242,134 |
Cindy Chaifetz Cmo (thru 11/22) | Officer | 40 | $177,093 |
Ross Riskin Clo | Officer | 40 | $153,578 |
Rob Frankel General Counsel | 40 | $140,764 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Markit On Demand Marketing Services | 12/30/22 | $602,713 |
Refactored Website Development | 12/30/22 | $458,305 |
Catalyst Fire It Programming | 12/30/22 | $230,890 |
Stephen Horan Consulting - Special Projects | 12/30/22 | $126,200 |
T Davidow Consulting Llc Consulting On Education Development | 12/30/22 | $136,150 |
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 | $13,365,940 |
| Investment income | $545,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $135,832 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,047,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| Grants and other assistance to domestic individuals. | $92,220 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,527,725 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,461,666 |
| Pension plan accruals and contributions | $299,091 |
| Other employee benefits | $439,353 |
| Payroll taxes | $333,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,309 |
| Fees for services: Accounting | $28,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,881 |
| Fees for services: Other | $740,503 |
| Advertising and promotion | $987,497 |
| Office expenses | $20,007 |
| Information technology | $337,856 |
| Royalties | $0 |
| Occupancy | $463,512 |
| Travel | $166,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,920,531 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $398,511 |
| Insurance | $53,119 |
| All other expenses | $0 |
| Total functional expenses | $15,675,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,798,786 |
| Savings and temporary cash investments | $63,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $214,294 |
| 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 | $1,226,931 |
| Net Land, buildings, and equipment | $401,556 |
| Investments—publicly traded securities | $19,114,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,232,049 |
| Other assets | $2,244,157 |
| Total assets | $29,295,721 |
| Accounts payable and accrued expenses | $1,791,877 |
| Grants payable | $0 |
| Deferred revenue | $9,246,907 |
| 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 | $2,332,521 |
| Total liabilities | $13,371,305 |
| Net assets without donor restrictions | $15,924,416 |
| 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 | $29,295,721 |