THE RISK MANAGEMENT ASSOCIATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- THE RISK MANAGEMENT ASSOCIATION (EIN 23-0892360)
- Tax period
- 2020-09-01 to 2021-08-31
- Filed
- 2022-07-15
- IRS object ID
- 202221969349300847
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-07-15T14:00:48-05:00 | ReturnTs |
| Tax Period End | 2021-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 231980475 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KREISCHER MILLER | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 WITMER ROAD SUITE 350 | AddressLine1Txt |
| City | HORSHAM | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 190442369 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 230892360 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE RISK MANAGEMENT ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RISK | BusinessNameControlTxt |
| Phone | 2154464023 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1801 MARKET STREET NO 300 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIAN LONG | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2154464023 | PhoneNum |
| Signature | 2022-07-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BRIAN | PersonFirstNm |
| Person Last | LONG | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHRISTOPHER M PEKULA | PreparerPersonNm |
| PTIN | P00734965 | PTIN |
| Phone | 2154414600 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | NANCY J FOSTER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1801 MARKET STREET NO 300 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $22,605,623 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.RMAHQ.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1921 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | RMA IS A MEMBER-DRIVEN PROFESSIONAL ASSOCIATION WHOSE SOLE PURPOSE IS TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 26 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 25 | VotingMembersIndependentCnt |
| Total Employee | 110 | TotalEmployeeCnt |
| Total Volunteers | 1000 | TotalVolunteersCnt |
| Total Gross UBI | $32,417 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $20,670,105 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $20,930,299 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,621,166 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,675,324 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $22,291,271 | PYTotalRevenueAmt |
| CY Total Revenue | $22,605,623 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,510,600 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $13,754,249 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,772,721 | PYOtherExpensesAmt |
| CY Other Expenses | $8,276,108 | CYOtherExpensesAmt |
| PY Total Expenses | $22,283,321 | PYTotalExpensesAmt |
| CY Total Expenses | $22,030,357 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $7,950 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $575,266 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $38,862,836 | TotalAssetsBOYAmt |
| Total Assets EOY | $46,962,073 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $13,683,181 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,060,778 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $25,179,655 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $30,901,295 | NetAssetsOrFundBalancesEOYAmt |
| Mission | RMA IS A MEMBER-DRIVEN PROFESSIONAL ASSOCIATION WHOSE SOLE PURPOSE IS TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY. RMA HELPS OUR MEMBERS USE SOUND RISK PRINCIPLES TO IMPROVE INSTITUTIONAL PERFORMANCE AND FINANCIAL STABILITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | WEB-BASED TRAINING PRODUCTS | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TRAINING EVENTS - SEMINARS SPONSORED AT VARIOUS DOMESTIC AND INTERNATIONAL LOCATIONS THROUGHOUT THE YEAR | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CONFERENCES AND ROUND TABLES - CREDIT RISK, OPERATIONAL RISK, MARKET RISK, ENTERPRISE RISK AND SECURITIES LENDING CONFERENCES AND PEER SHARING MEETINS HELD EACH YEAR | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 90 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 110 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | UK | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 26 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 25 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FREDA HO CONTROLLER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2154464040 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1801 MARKET STREET NO 300 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (39 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| NANCY J FOSTER | |||||||||
| DIRECTOR, PRESIDENT & CEO | 40.00 | Yes (X) | Yes (X) | $764,064 | $0 | $277,456 | |||
| WILLIAM BONNELL | |||||||||
| CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL NASSY | |||||||||
| VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| JODI RICHARD | |||||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL C ANKROM JR | |||||||||
| IMMEDIATE PAST CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| AJAI BAMBAWALE | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| KEVIN BASTUGA | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN L D'ANGELO | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| BENJAMIN GENEK | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| PHILIPPA X GIRLING | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRIAN D HUGHES | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| CRYSTAL HUMPHREYS | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOSEPH IRACI | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN MCNAMARA | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARK W MIDKIFF | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| JULIE NOSSER | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| KEVIN D ODEN | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MOHIT RAMANI | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID P SHEVSKY | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| SETH WALLER | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARK WHIPPLE | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| AMY WILES | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| AMANDA NORTON | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEPHEN W YOSE | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| GLENN HORNER | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| DANIEL D CALLAHAN | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| EDWARD DEMARCO | |||||||||
| CORPORATE SECRETARY, CAO | 40.00 | Yes (X) | $554,122 | $0 | $107,046 | ||||
| BRIAN LONG | |||||||||
| CFO | 40.00 | Yes (X) | $136,137 | $0 | $12,780 | ||||
| HEIDI TURLEY | |||||||||
| FORMER TREASURER | 40.00 | Yes (X) | $112,592 | $0 | $5,254 | ||||
| ERIC BAXLEY | |||||||||
| CHIEF MARKETING OFFICER | 40.00 | $378,518 | $0 | $38,536 | Yes (X) | ||||
| FRANCIS GARRITT | |||||||||
| DIR. OF SECURITIES LENDING & MARKET RISK | 40.00 | $337,670 | $0 | $66,888 | Yes (X) | ||||
| BRIAN WEISS | |||||||||
| CHIEF STRATEGY OFFICER | 40.00 | $316,476 | $0 | $40,286 | Yes (X) | ||||
| WILLIAM LOFTUS | |||||||||
| RELATIONSHIP MANAGER | 40.00 | $263,708 | $0 | $37,958 | Yes (X) | ||||
| JOHN BAIER | |||||||||
| RELATIONSHIP MANAGER | 40.00 | $167,094 | $0 | $17,375 | Yes (X) | ||||
| JONATHAN STAR | |||||||||
| CTO | 40.00 | $192,928 | $0 | $31,926 | Yes (X) | ||||
| JOSEPH CICCIONE | |||||||||
| SR. PROJECT MGR | 40.00 | $174,041 | $0 | $11,594 | Yes (X) | ||||
| WILLIAM TRUSCOTT | |||||||||
| RELATIONSHIP MANAGER | 40.00 | $163,557 | $0 | $39,172 | Yes (X) | ||||
| LINDA O'LOUGHLIN | |||||||||
| FRMR DIR. STRATEGIC PLANNING & ORG DEV. | 40.00 | $117,537 | $0 | $10,918 | Yes (X) | ||||
| CYNTHIA L MCBRIDE | |||||||||
| FORMER DIR. OF PD & ACADEMIC | 40.00 | $264,176 | $0 | $30,296 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,942,620 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $727,485 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 39 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TMA RESOURCE | |||||
| 1919 GALLOWS RD SUITE 400 | VIENNA | VA | 22182 | HOSTING & MAINTENANCE | $432,943 |
| TAUM CORPORATION | |||||
| PO BOX 325 | HORSHAM | PA | 19044 | CONSULTING SERVICES | $281,455 |
| METHOD SAVVY LLC | |||||
| 320 RONEY ST SUITE 200 | DURHAM | NC | 27701 | CONSULTING SERVICES | $198,000 |
| MARCATO ADVISORS LLC | |||||
| PO BOX 686 | RALEIGH | NC | 27602 | CONSULTING SERVICES | $183,397 |
| ERNST & YOUNG US LLP | |||||
| PO BOX 640382 | PITTSBURGH | PA | 152640382 | CONSULTING SERVICES | $142,837 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| MEMBERSHIP DUES | 900099 | $9,109,566 | $9,109,566 | |
| PUBLICATIONS | 541800 | $6,067,757 | $6,035,340 | $32,417 |
| CONFERENCES AND EVENTS | 900099 | $5,318,858 | $5,318,858 | |
| ASSOCIATION PRODUCTS | 900099 | $434,118 | $434,118 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $20,930,299 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,675,324 | TotalRevenueColumnAmt |
| Exclusion | $1,675,324 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,605,623 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $20,897,882 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $32,417 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,675,324 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,864,113 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,253,877 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $354,585 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,633,189 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $648,485 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,895 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,867 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,544,990 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $548,449 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $720,035 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,827,431 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $746,450 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $794,540 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,515 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $675,891 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,438 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,774 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,980 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROFESSIONAL DEVELOPMEN | $53,159 |
| PROFESSIONAL DUES/ASSOC | $14,962 |
| LICENSES | $732 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,030,357 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $935,470 | BOYAmt |
| EOY | $2,848,395 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $464,148 | BOYAmt |
| EOY | $2,210,434 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $598,096 | BOYAmt |
| EOY | $1,271,447 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,296 | BOYAmt |
| EOY | $12,432 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $433,200 | BOYAmt |
| EOY | $545,950 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,150,211 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,907,709 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $437,178 | BOYAmt |
| EOY | $242,502 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,980,448 | BOYAmt |
| EOY | $39,830,913 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,862,836 | BOYAmt |
| EOY | $46,962,073 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,913,058 | BOYAmt |
| EOY | $6,241,677 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,220,251 | BOYAmt |
| EOY | $8,155,811 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,549,872 | BOYAmt |
| EOY | $1,663,290 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,683,181 | BOYAmt |
| EOY | $16,060,778 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,179,655 | BOYAmt |
| EOY | $30,901,295 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,179,655 | BOYAmt |
| EOY | $30,901,295 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,862,836 | BOYAmt |
| EOY | $46,962,073 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $575,266 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $5,146,374 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $732,656 | OtherCostOrOtherBasisAmt |
| Depreciation | $624,852 | DepreciationAmt |
| Book Value | $107,804 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,417,555 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,282,857 | DepreciationAmt |
| Book Value | $134,698 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $242,502 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CONTRIBUTION PAYABLE TO RMA FOUNDATION | $1,186,000 |
| LIABILITY FOR PENSION BENEFITS | $196,034 |
| PLEDGE PAYABLE | $281,256 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,663,290 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $27,544,000 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $5,146,374 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$207,997 | OtherRevenueAmt |
| Revenue Not Reported | $4,938,377 | RevenueNotReportedAmt |
| Revenue Subtotal | $22,605,623 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $22,605,623 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $21,822,360 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$207,997 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$207,997 | ExpensesNotReportedAmt |
| Expenses Subtotal | $22,030,357 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $22,030,357 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | RMA HAS QUALIFIED FOR TAX EXEMPTIONS UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO FEDERAL INCOME TAX ON UNRELATED BUSINESS EARNINGS. THE ORGANIZATION HAD NO FEDERAL UNRELATED BUSINESS INCOME TAX EXPENSE FOR THE YEARS ENDED AUGUST 31, 2021 AND 2020. UNDER FASB GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS ENDING BEFORE AUGUST 31, 2018. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | ADJUSTMENT FOR NEW ACCOUNTING STANDARD REPORTING -207,997. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | ADJUSTMENT FOR NEW ACCOUNTING STANDARD REPORTING -207,997. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NANCY J FOSTER | ||||||||||||||
| DIRECTOR, PRESIDENT & CEO | $524,689 | $0 | $237,500 | $0 | $1,875 | $0 | $249,538 | $0 | $27,918 | $0 | $1,041,520 | $0 | $0 | $0 |
| EDWARD DEMARCO | ||||||||||||||
| CORPORATE SECRETARY, CAO | $441,547 | $0 | $110,700 | $0 | $1,875 | $0 | $72,825 | $0 | $34,221 | $0 | $661,168 | $0 | $0 | $0 |
| ERIC BAXLEY | ||||||||||||||
| CHIEF MARKETING OFFICER | $260,552 | $0 | $117,000 | $0 | $966 | $0 | $7,065 | $0 | $31,471 | $0 | $417,054 | $0 | $0 | $0 |
| FRANCIS GARRITT | ||||||||||||||
| DIR. OF SECURITIES LENDING & MARKET | $305,867 | $0 | $30,800 | $0 | $1,003 | $0 | $37,366 | $0 | $29,522 | $0 | $404,558 | $0 | $0 | $0 |
| BRIAN WEISS | ||||||||||||||
| CHIEF STRATEGY OFFICER | $270,072 | $0 | $45,750 | $0 | $654 | $0 | $35,286 | $0 | $5,000 | $0 | $356,762 | $0 | $0 | $0 |
| WILLIAM LOFTUS | ||||||||||||||
| RELATIONSHIP MANAGER | $245,409 | $0 | $16,424 | $0 | $1,875 | $0 | $9,996 | $0 | $27,962 | $0 | $301,666 | $0 | $0 | $0 |
| CYNTHIA L MCBRIDE | ||||||||||||||
| FORMER DIR. OF PD & ACADEMIC | $263,950 | $0 | $0 | $0 | $226 | $0 | $4,458 | $0 | $25,838 | $0 | $294,472 | $0 | $0 | $0 |
| JONATHAN STAR | ||||||||||||||
| CTO | $192,185 | $0 | $0 | $0 | $743 | $0 | $173 | $0 | $31,753 | $0 | $224,854 | $0 | $0 | $0 |
| WILLIAM TRUSCOTT | ||||||||||||||
| RELATIONSHIP MANAGER | $151,029 | $0 | $10,653 | $0 | $1,875 | $0 | $7,746 | $0 | $31,426 | $0 | $202,729 | $0 | $0 | $0 |
| JOSEPH CICCIONE | ||||||||||||||
| SR. PROJECT MGR | $163,473 | $0 | $9,914 | $0 | $654 | $0 | $0 | $0 | $11,594 | $0 | $185,635 | $0 | $0 | $0 |
| JOHN BAIER | ||||||||||||||
| RELATIONSHIP MANAGER | $147,915 | $0 | $17,304 | $0 | $1,875 | $0 | $5,735 | $0 | $11,640 | $0 | $184,469 | $0 | $0 | $0 |
| LINDA O'LOUGHLIN | ||||||||||||||
| FRMR DIR. STRATEGIC PLANNING & ORG D | $117,537 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10,918 | $0 | $128,455 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | NANCY FOSTER - $112,500 EDWARD DEMARCO - $66,000 HEIDI TURLEY - $42,000 FRANCIS GARRITT - $26,250 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | CLASSES A. INSTITUTIONAL MEMBERS B. INDIVIDUAL MEMBERS PRIVILEGES OF MEMBERSHIP A. INSTITUTIONAL MEMBERS - VOTING. INSTITUTIONAL MEMBERS SHALL BE ENTITLED TO ONE VOTE AT EVERY MEETING OF INSTITUTIONAL MEMBERS B. PRIVILEGES OF INDIVIDUAL MEMBERS. INDIVIDUAL MEMBERS SHALL BE ENTITLED TO ATTEND MEETINGS; TO HOLD ELECTIVE OR APPOINTIVE OFFICE; TO SERVE ON COUNCILS AND COMMITTEES; TO RECEIVE COMMUNICATIONS, INFORMATION AND SELECTED PUBLICATIONS DISSEMINATED BY THE HEADQUARTERS OFFICE; AND TO ENJOY ALL OTHER RIGHTS PRIVILEGES OF ASSOCIATION MEMBERSHIP, EXCEPT NO ASSOCIATE OR OTHER INDIVIDUAL MEMBER SHALL HAVE ANY PERSONAL RIGHT TO VOTE. |
| FORM 990, PART VI, SECTION A, LINE 7A | CLASSES A. INSTITUTIONAL MEMBERS B. INDIVIDUAL MEMBERS PRIVILEGES OF MEMBERSHIP A. INSTITUTIONAL MEMBERS - VOTING. INSTITUTIONAL MEMBERS SHALL BE ENTITLED TO ONE VOTE AT EVERY MEETING OF INSTITUTIONAL MEMBERS B. PRIVILEGES OF INDIVIDUAL MEMBERS. INDIVIDUAL MEMBERS SHALL BE ENTITLED TO ATTEND MEETINGS; TO HOLD ELECTIVE OR APPOINTIVE OFFICE; TO SERVE ON COUNCILS AND COMMITTEES; TO RECEIVE COMMUNICATIONS, INFORMATION AND SELECTED PUBLICATIONS DISSEMINATED BY THE HEADQUARTERS OFFICE; AND TO ENJOY ALL OTHER RIGHTS PRIVILEGES OF ASSOCIATION MEMBERSHIP, EXCEPT NO ASSOCIATE OR OTHER INDIVIDUAL MEMBER SHALL HAVE ANY PERSONAL RIGHT TO VOTE. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY GOVERNANCE DECISIONS ARE REFERRED TO THE GOVERNING BODY WITH EXCEPTION OF CHANGES TO THE BY-LAWS, WHICH WOULD GO OUT TO THE FULL MEMBERSHIP FOR VOTE |
| FORM 990, PART VI, SECTION B, LINE 11B | CONTROLLER REVIEWS/APPROVES THE EXTERNALLY PREPARED FORM 990 AND FORWARDS IT TO THE CFO/TREASURER. AFTER THE CFO REVIEWS/APPROVES IT, THE 990 IS FORWARDED TO THE EXECUTIVE COMMITTEE FOR REVIEW BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE COMPANY'S ETHICS AND CONFLICT OF INTEREST POLICY IS AVAILABLE TO ALL STAFF MEMBERS IN BOTH PAPER AND ELECTRONIC VERSION. ALL NEW EMPLOYEES ARE GIVEN A PAPER VERSION OF ALL POLICIES AND SIGN THAT THEY HAVE RECEIVED THOSE. THE ETHICS AND CONFLICT OF INTEREST POLICY PRECLUDES STAFF FROM ACCEPTING ANY GIFT IN ACCESS OF A $50 VALUE. SINCE THIS IS THE AREA THAT IS MOST LIKELY TO BE CONFRONTED IN THE CONTEXT OF STAFF PERFORMING THEIR DUTIES, THE CEO REGULARLY REMINDS STAFF OF THE POLICY. THESE REMINDERS ARE TIMED TO COINCIDE WITH HOLIDAYS AND WITH TIMES WHEN THE COMPANY IS PURCHASING A LARGE AMOUNT OF SERVICES/PRODUCT FROM ITS VENDORS. THE ETHICS AND CONFLICT OF INTEREST POLICY ALSO REQUIRES THAT EACH STAFF MEMBER SHALL MAKE PROMPT AND FULL DISCLOSURE IN WRITING TO THEIR MANAGER/SUPERVISOR OF ANY POTENTIAL SITUATION WHICH MAY INVOLVE A CONFLICT OF INTEREST. THESE SITUATIONS INCLUDE THE FOLLOWING: OWNERSHIP BY A STAFF MEMBER OR BY A MEMBER OF THEIR FAMILY OF A SIGNIFICANT INTEREST IN ANY OUTSIDE ENTERPRISE WHICH DOES OR SEEKS TO DO BUSINESS WITH OR IS A COMPETITOR OF THE ASSOCIATION: SERVING AS A DIRECTOR, OFFICER, PARTNER, CONSULTANT, OR IN A MANAGERIAL OR TECHNICAL CAPACITY WITH AN OUTSIDE ENTERPRISE WHICH DOES OR IS SEEKING TO DO BUSINESS WITH OR IS A COMPETITOR OF THE ASSOCIATION. EXCEPTIONS TO THIS CAN BE APPROVED BY THE CEO OF RMA. NO REQUESTS FOR EXCEPTIONS HAVE BEEN APPROVED BY THE CHIEF EXECUTIVE OFFICER. |
| FORM 990, PART VI, SECTION B, LINE 15 | CEO COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AT A SPECIAL MEETING CONVENED ANNUALLY IN AUGUST. COMPARABILITY DATA IS MADE AVAILABLE TO THE COMMITTEE WHICH INCLUDES 990 REPORTED INFORMATION FOR OTHER ASSOCIATIONS THAT SERVE THE INDUSTRY. NO MEMBER OF THE MEMBERS DELIBERATING ON CEO COMPENSATION IS COMPENSATED FOR SERVING ON THE BOARD OR ITS SUBCOMMITTEE. THE MEMBERS REVIEW AND APPROVE CEO COMPENSATION INDEPENDENT OF THE CEO. THE DIRECTOR OF ORGANIZATIONAL DEVELOPMENT IS PRESENT FOR THE REVIEW AND APPROVAL AND SUBSEQUENTLY IS AUTHORIZED IN WRITING TO EFFECT ANY COMPENSATION ACTIONS. THE CHAIR OF THE BOARD OF DIRECTORS COMMUNICATES COMPENSATION ACTIONS TO THE CEO. THE MEETING OF EXECUTIVE COMMITTEE AND ANY DECISION TO EFFECT A CHANGE IN COMPENSATION IS SUBSTANTIATED CONTEMPORANEOUSLY BOTH IN A COMMUNICATION SIGNED BY THE CHAIR AND SENT TO THE DIRECTOR OF ORGANIZATIONAL DEVELOPMENT AND FURTHER DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTOR'S MINUTES. THE CEO DETERMINES AND APPROVES COMPENSATION FOR KEY EMPLOYEES WHO REPORT DIRECTLY TO HIM. COMPENSATION IS WITHIN THE GUIDELINES APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE ANNUAL BUDGET. ANNUALLY THE ORGANIZATION DETERMINES ITS MERIT INCREASE POOL WHICH IS EXPRESSED AS A RANGE OF PERCENTAGES OF SALARY AND IS ADMINISTERED AS A PAY FOR PERFORMANCE COMPENSATION PHILOSOPHY. THE CEO APPORTIONS THE MERIT INCREASE POOL ACCORDING TO RELATIVE PERFORMANCE CONTRIBUTIONS AND TAKING INTO CONSIDERATIONS WHERE THE INDIVIDUAL IS CURRENTLY COMPENSATED WITHIN HIS/HER SALARY RANGE. THE CEO PROVIDES THE TOTAL COMPENSATION FOR EACH OF THE KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW EACH AUGUST. THE COMPANY'S SALARY RANGES ARE DETERMINED AND SET BASED ON COMPARABLE SALARIES IN THE INDUSTRY SERVED, NONPROFIT ORGANIZATIONS AND GEOGRAPHIC LOCATION. THE SALARY RANGES FOR POSITIONS ARE BENCHMARKED PERIODICALLY BY INDEPENDENT THIRD PARTY. THE BENCHMARKING CONSIDERS COMPARABLE POSITIONS IN THE INDUSTRY SERVED, NONPROFIT ORGANIZATIONS AND GEOGRAPHIC LOCATION. ALL KEY EMPLOYEE POSITIONS ARE ASSIGNED A SALARY GRADE AND EACH SALARY GRADE HAS A MINIMUM AND MAXIMUM SALARY ASSOCIATED WITH IT. |
| FORM 990, PART VI, SECTION C, LINE 19 | RMA GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE POSTED ON THE RMA WEBSITE AND COPIES ARE PROVIDED UPON REQUEST |
| FORM 990, PART IX, LINE 11G | CONSULTANTS - MARKETING 15,750. CONSULTANTS - OTHER 2,407,175. CONSULTANTS - HR SERVICES 122,065. |
| FORM 990, PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 990, ITEM K | THE RISK MANAGEMENT ASSOCIATION WAS ORIGINALLY ESTABLISHED AS AN ASSOCIATION IN 1914. THE RISK MANAGEMENT ASSOCIATION WAS LATER INCORPORATED IN 1921. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RISK MANAGEMENT ASSOCIATION FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1801 MARKET STREET NO 300 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 473078149 | EIN |
| Primary Activities | EDUCATION IN FINANCIAL SERVICES SECTOR | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE RISK MANAGEMENT ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |