Promax International-B P M E
- Assets
- $3.5m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 18
- Location
- Los Angeles, CA
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 95-3995395
Organization Overview
Promax International-B P M E is located in Los Angeles, CA. The organization was established in 1987. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Promax International-B P M E employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promax International-B P M E 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, Promax International-B P M E generated $4.7m 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 (9.2%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 7 years. 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 LEAD THE GLOBAL COMMUNITY OF MARKETERS AND CREATIVES IN THE MEDIA & ENTERTAINMENT INDUSTRY, BY CELEBRATING EXCELLENCE, DRIVING TALENT AND INDUSTRY DEVELOPMENT, AND CONNECTING PEOPLE.PROMAXBDA IS A MEMBER ASSOCIATION REPRESENTING MORE THAN 10,000 COMPANIES AND INDIVIDUALS FROM MAJOR MEDIA ORGANIZATIONS, MARKETING AGENCIES, RESEARCH COMPANIES, STRATEGIC AND CREATIVE VENDORS AND TECHNOLOGY PROVIDERS AROUND THE GLOBE. WITH COMPANIES AND INDIVIDUALS DRAWN FROM MORE THAN 70 COUNTRIES, PROMAXBDA IS A TRULY INTERNATIONAL ORGANIZATION UNITING THE INDIVIDUALS WHO WILL PIONEER TOMORROW'S ELECTRONIC AND BROADCAST MEDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCES ARE A SOURCE OF TARGETED INFORMATION FOR PROMOTION, MARKETING AND DESIGN PROFESSIONALS WHO REGULARLY CONFRONT SUCH ISSUES AS BUILDING AUDIENCES, RATINGS GROWTH, BRAND IDENTITY, CLIENT VALUE-ADDED SERVICES AND COST MANAGEMENT. EACH CONFERENCE REFLECTS THE CULTURAL IDENTITY OF ITS LOCATION, ALLOWING EXECUTIVES TO EXPLORE NEW TECHNOLOGIES, MAKE NEW BUSINESS CONTACTS AND EXCHANGE IDEAS.
AWARDS COMPETITIONS: VARIOUS AWARDS ARE GIVEN TO COMPANIES RECOGNIZING INDIVIDUAL EFFORTS AND EXCELLENCE IN THE FIELD OF PROMOTION AND MARKETING. THE WINNING ENTRIES BECOME PART OF THE RESOURCE CENTER WHICH IS A LIBRARY AND ARCHIVE HOUSING SELECTED MATERIALS FOR ELECTRONIC MEDIA PROMOTION AND MARKETING. THIS IDEA CENTER BENEFITS THE EDUCATION OF THE MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Kazanjian Former President & CEO | 40 | $400,102 | |
Stacy La Cotera President & CEO | OfficerTrustee | 40 | $274,600 |
Ron Casa Director - Operation | 40 | $153,079 | |
Chad B Freeman Director - Membership | 40 | $138,220 | |
Eileen M Rasnake Project Manager | 40 | $106,458 | |
Stephanie Gibbons Co Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hayden Street Productions Inc Event Production | 12/30/21 | $214,700 |
Mindlight Group Llc Consulting Services | 12/30/21 | $192,000 |
Xperts Unlimited Inc Consulting Services | 12/30/21 | $104,254 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $701,326 |
| 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 | $701,326 |
| Total Program Service Revenue | $3,798,547 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,696,614 |
| 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. | $591,769 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,074,263 |
| Pension plan accruals and contributions | $54,141 |
| Other employee benefits | $161,986 |
| Payroll taxes | $123,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,648 |
| Fees for services: Accounting | $102,651 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,083 |
| Office expenses | $30,437 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,345 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,568 |
| Insurance | $30,232 |
| All other expenses | $146,167 |
| Total functional expenses | $3,951,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $781,688 |
| Savings and temporary cash investments | $2,086,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $430,898 |
| 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 | $160,803 |
| Net Land, buildings, and equipment | $16,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,852 |
| Total assets | $3,481,355 |
| Accounts payable and accrued expenses | $314,869 |
| Grants payable | $0 |
| Deferred revenue | $540,929 |
| 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 | $0 |
| Total liabilities | $855,798 |
| Net assets without donor restrictions | $2,625,557 |
| 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 | $3,481,355 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sag-Aftra Producers Industry Advancement And Cooperative Fund Burbank, CA | $42,175,426 | $14,495,979 |
Promax International-B P M E Los Angeles, CA | $3,481,355 | $4,696,614 |
Parents Television Council Inc Burbank, CA | $1,135,899 | $2,049,720 |
Fernando Pullum Community Arts Center Los Angeles, CA | $876,540 | $1,022,843 |
W S T S Inc Morgan Hill, CA | $1,321,708 | $748,114 |
Hawaii Alliance For Arts Education Honolulu, HI | $367,342 | $718,860 |
Corporate Directors Forum San Diego, CA | $498,040 | $545,448 |
East Bay Leadership Council Walnut Creek, CA | $663,192 | $469,737 |
Hope Alive Incorporated Fremont, CA | $471,896 | $363,587 |
Californians For Compensation Reform Sacramento, CA | $389,177 | $188,760 |
L A Stage Alliance Los Angeles, CA | $0 | $0 |
Forum For Corporate Directors Of Orange County Santa Ana, CA | $124,724 | $345,185 |