Receivables Management Association International Inc
- Assets
- $4.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Sacramento, CA
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 95-4698424
Organization Overview
Receivables Management Association International Inc is located in Sacramento, CA. The organization was established in 1998. According to its NTEE Classification (Y01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Receivables Management Association International Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Receivables Management Association International 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 12/2021, Receivables Management Association International Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. 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
PROVIDE NETWORKING, EDUCATIONAL INFORMATION TO MEMBERS AND ADVOCATE ON THEIR BEHALF. - SEE SCH O
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE AND MEETINGS - HELD AN ANNUAL CONFERENCE AND EXECUTIVE SUMMIT. TIE-IN MEETINGS PROMOTE DISCUSSIONS, NETWORKING AND EDUCATION ON THE RECEIVABLES MANAGEMENT INDUSTRY.
LEGISLATIVE & REGULATORY ACTIVITIES - WORKED CLOSELY WITH DC BASED LOBBYING FIRM TO EDUCATION US LAWMAKERS AND REGULATORS ON THE ROLE THAT DEBT BUYERS PLAY IN THE US AND INTERNATIONAL ECONOMIES. MANAGED MEMBER AND LEADERSHIP MEETINGS IN DC.STATE LEGISLATIVE ACTIVITIES- WORKED VITH VARIOUS STATE LEGISLATORS AND REGULATORS ON ISSUES THAT AFFECT THE RECEIVABLES MANAGEMENT INDUSTY. RETAINED STATE LOBBYISTS AS NEEDED.
RECEIVABLES MANAGEMENT CERTIFICATION PROGRAM: THE RECEIVABLES MANAGEMENT CERTIFICATION PROGRAM ADOPTS A NATIONAL STANDARD FOR THE RECEIVABLES MANAGEMENT INDUSTRY TO HELP ENSURE THAT THOSE WHO ARE CERTIFIED ARE AWARE OF AND ARE COMPLYING WITH STATE AND FEDERAL STATUTORY REQUIREMENTS, RESPONDING TO CONSUMER COMPLAINTS AND INQUIRIES, AND ARE FOLLOWING INDUSTRY STANDARDS OF BEST PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Preisig Stieger Executive Director | Officer | 40 | $235,499 |
David Reid General Counsel | 40 | $185,000 | |
Penny Cunha Deputy Director | 40 | $107,980 | |
Jim Mastriani President | OfficerTrustee | 10 | $0 |
Marian Sangalang Past President | OfficerTrustee | 5 | $0 |
Adam Parks President Elect | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maurice Wutscher Legal Counsel | 12/30/19 | $115,580 |
K&l Gates Federal Counsel | 12/30/19 | $193,806 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,323 |
| All other contributions, gifts, grants, and similar amounts not included above | $437,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $578,233 |
| Total Program Service Revenue | $2,020,934 |
| Investment income | $29,060 |
| 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 | $2,628,228 |
| 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. | $235,499 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $541,059 |
| Pension plan accruals and contributions | $31,929 |
| Other employee benefits | $71,967 |
| Payroll taxes | -$11,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $97,338 |
| Fees for services: Accounting | $12,150 |
| Fees for services: Lobbying | $550,808 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $485 |
| Advertising and promotion | $10,519 |
| Office expenses | $91,280 |
| Information technology | $21,747 |
| Royalties | $0 |
| Occupancy | $54,015 |
| Travel | $220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $639,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,978 |
| Insurance | $8,211 |
| All other expenses | $0 |
| Total functional expenses | $2,365,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,201 |
| Savings and temporary cash investments | $3,825,818 |
| 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 | $183,100 |
| Net Land, buildings, and equipment | $9,554 |
| Investments—publicly traded securities | $602,857 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,446 |
| Total assets | $4,681,976 |
| Accounts payable and accrued expenses | $97,021 |
| Grants payable | $0 |
| Deferred revenue | $1,599,865 |
| 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 | $623 |
| Total liabilities | $1,697,509 |
| Net assets without donor restrictions | $2,962,511 |
| Net assets with donor restrictions | $21,956 |
| 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 | $4,681,976 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nevada Insurance Guaranty Association Las Vegas, NV | $8,996,871 | $5,521,875 |
Receivables Management Association International Inc Sacramento, CA | $4,681,976 | $2,628,228 |
Hawaii Insurance Guaranty Association Honolulu, HI | $15,579,884 | $446,675 |
San Leandro Improvement Association San Leandro, CA | $439,066 | $19,118 |
Brothers Of The Desert Corporation Palm Springs, CA | $62,074 | $84,541 |
Holy Family Convent Alumni Association Of California Altadena, CA | $0 | $46,034 |
Thai American Samakkee Coalition Los Angeles, CA | $7,688 | $0 |
Anaheim Fire Family Anaheim, CA | $0 | $0 |
Herencia Hispana San Diego San Diego, CA | $0 | $0 |