Investment Management Consultants Assn Inc
- Assets
- $30.2m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 51
- Location
- Greenwood Village, CO
- Founding
- 08/1986
- Data as of
- 12/2021
- 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 12/2021, Investments & Wealth Institute employed 51 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 12/2021, Investments & Wealth Institute generated $13.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $13.2m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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
2021
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
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.
CERTIFICATION - ADMINISTRATION OF THE ORGANIZATION'S INITIAL CERTIFICATION AND RE-CERTIFICATION PROGRAMS FOR THE CERTIFIED INVESTMENT MANAGEMENT ANALYST, THE CERTIFIED PRIVATE WEALTH ADVISOR AND THE RETIREMENT MANAGEMENT ADVISOR DESIGNATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Walters Ceo/executive Director | Officer | 40 | $609,615 |
Angela Lutterman Cfo/coo | Officer | 40 | $291,752 |
Tim Whiting Cro & Managing Director Of | Officer | 40 | $237,480 |
Devin Ekberg Clo | Officer | 40 | $181,667 |
Cindy Chaifetz Cmo | Officer | 40 | $169,343 |
Rob Frankel General Counsel | 40 | $137,939 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Markit On Demand Marketing Services | 12/30/21 | $667,066 |
Super Humane It Programming | 12/30/21 | $150,000 |
Royle Printing Printing & Mailing | 12/30/21 | $109,048 |
Catalyst Fire It Programming | 12/30/21 | $220,701 |
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 | $12,544,988 |
| Investment income | $386,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $483,292 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,414,601 |
| 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. | $1,785,889 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,088,363 |
| Pension plan accruals and contributions | $283,558 |
| Other employee benefits | $459,331 |
| Payroll taxes | $311,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,789 |
| Fees for services: Accounting | $43,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,196 |
| Fees for services: Other | $499,290 |
| Advertising and promotion | $1,048,791 |
| Office expenses | $16,105 |
| Information technology | $210,341 |
| Royalties | $5,536 |
| Occupancy | $469,228 |
| Travel | $74,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $663,994 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $383,406 |
| Insurance | $48,822 |
| All other expenses | $460,758 |
| Total functional expenses | $13,175,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,187,412 |
| Savings and temporary cash investments | $33,896 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,919 |
| 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 | $1,406,069 |
| Net Land, buildings, and equipment | $225,747 |
| Investments—publicly traded securities | $21,384,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $889,536 |
| Other assets | $18,000 |
| Total assets | $30,192,603 |
| Accounts payable and accrued expenses | $1,564,225 |
| Grants payable | $0 |
| Deferred revenue | $8,155,115 |
| 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 | $6,831 |
| Total liabilities | $9,726,171 |
| Net assets without donor restrictions | $20,466,432 |
| 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 | $30,192,603 |
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|---|---|---|
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