2021-03-30T19:00:49-05:00 2020-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 4TH FLOOR NEW YORK NY 100172013 990 2019-07-01 222659674 Institute of Management Accountants Inc % DOREEN REMMEN INST 2015739000 10 PARAGON DRIVE MONTVALE NJ 07645 DOREEN REMMEN SVP AND CFO 2015739000 2021-03-29 true Daniel Romano P00504182 2125990100 2019 2022-09-23 18:48:47Z JEFFREY THOMSON CEO 10 PARAGON DRIVE MONTVALE NJ 07645 30044398 false X WWW.IMANET.ORG X 1919 NJ TO PROVIDE A FORUM FOR RESEARCH, PRACTICE DEVELOPMENT, EDUCATION, KNOWLEDGE SHARING AND THE ADVOCACY OF THE HIGH -EST ETHICAL AND BEST BUSINESS PRACTICES IN MANAGEMENT Acct&finance. 53 52 134 1567 183000 -74638 143188 138635 20819491 21029637 719078 769965 921387 903965 22603144 22842202 235113 211104 0 0 16917321 18124805 0 0 0 3504362 4100591 20656796 22436500 1946348 405702 62832710 66070856 48969231 51868569 13863479 14202287 TO PROVIDE A FORUM FOR RESEARCH, PRACTICE DEVELOPMENT, EDUCATION, KNOWLEDGE SHARING, AND THE ADVOCACY OF THE HIGHEST ETHICAL AND BEST BUSINESS PRACTICES IN MANAGEMENT ACCOUNTING & FINANCE. false false 11004782 131598 17617417 MEMBERSHIP SERVICES PROVIDED OPPORTUNITIES FOR MEMBERS TO INCREASE THEIR KNOWLEDGE OF ACCOUNTING PRACTICES AND METHODS WITH EMPHASIS ON MANAGEMENT ACCOUNTING, AND TO INCREASE THEIR INDIVIDUAL CAPABILITIES. NETWORKING OPPORTUNITIES THROUGH CHAPTERS AND COUNCILS ENABLE MEMBERS TO LEARN FROM EACH OTHER AND PARTICIPATE IN LOCAL EDUCATIONAL EVENTS. ONLINE COMMUNITIES ARE ALSO PROVIDED TO CONNECT MEMBERS FROM ALL REGIONS. IN FISCAL YEAR 2020, YEAR-END MEMBERSHIP WAS 144,217. 3134941 0 239779 PUBLICATION OF ACCOUNTING PERIODICALS AND LITERATURE, AND ACCOUNTING RESEARCH STATEMENTS AND POSITION, AVAILABLE TO MEMBERS AND THE GENERAL PUBLIC TO INCREASE KNOWLEDGE AND ACCESS TO INFORMATION, IN MANAGEMENT ACCOUNTING PRACTICES AND METHODS. IN FISCAL YEAR 2020, YEAR-END MEMBERSHIP WAS 144,217 AND GENERAL PUBLIC PERIODICAL AND LITERATURE PURCHASED TOTALED 211. 2383568 0 3298791 EDUCATIONAL OPPORTUNITIES ARE PROVIDED TO ASSIST INDIVIDUALS PREPARING FOR THE CERTIFICATION EXAMINATION IN MANAGEMENT ACCOUNTING, AND TO MAINTAIN PROFESSIONAL CREDENTIALS IN MANAGEMENT ACCOUNTING. IN FISCAL YEAR 2020, CONTINUING EDUCATION COURSE CREDIT HOURS PROVIDED TO MEMBERS AND THE GENERAL PUBLIC TOTALED 396,018. 16523291 true true false false false false false false false false true false false true true true false true false true true false false false false false false true true true false false false false false false false false false false false false true true true true true false true 109 0 true 134 true true true true CH NL SN IN AE false false false false false false false false false false X 53 52 false false false false true false false true true false true true true true true true true true true true false AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X DOREEN REMMEN 2015739000 10 PARAGON DR MONTVALE NJ 07645 Jeffrey ThomsonCMA CSCA CAE President & CEO 40.0 1.0 X X 811932 0 22157 Doreen Remmen CMA CSCA CAE Sr Vice President & CFO 40.0 1.5 X 363813 0 34060 Raef Lawson Vice President 40.0 0.5 X 274018 0 39266 Deborah Warner Vice President 40.0 0.0 X 282163 0 23121 Ellen Gurevich Vice President 40.0 0.0 X 245985 0 46044 Kathy Williams Vice President 40.0 0.0 X 240680 0 38901 Padraig Hare Vice President 40.0 0.0 X 263294 0 12453 Virginia D White CMA Chair EMERITUS 5.0 3.0 X X 0 0 0 Christian Cuzick CMA Chair 5.0 3.0 X X 0 0 0 Alex Eng CMA CFM CPA former Chair Emeritus 3.0 0.0 X 0 0 0 Lisa M Book CMA CFM csca Director 2.0 0.0 X 0 0 0 Richard T Brady CMA CGFM Director 2.0 0.0 X 0 0 0 Joshua S AtlasCMACFMCFE Director 2.0 0.0 X 0 0 0 Lisa R Cashel CMA CSCA Director 2.0 0.0 X 0 0 0 Derek Fuzzell CMA CSCA CPA Director 2.0 0.0 X 0 0 0 Dr Paul E Juras CMA CPA chair elect 5.0 11.0 X 0 0 0 Ashley B GibsonCMACSCACPA Director 2.0 0.0 X 0 0 0 Rodney WKochCMACSCACCPPMP Director 2.0 0.0 X 0 0 0 Jong-Moon Choi CMA CPA Director 2.0 0.0 X 0 0 0 James C Horsch CMA CFM CAE Director 2.0 0.0 X 0 0 0 Olga Kovnatska CMA Director 2.0 0.0 X 0 0 0 David P Dimare CMA CPA Director 2.0 0.0 X 0 0 0 Lara Jarvis CMA CSCA Director 2.0 0.0 X 0 0 0 ALAN J Kreimer CPA Director 2.0 0.0 X 0 0 0 V Marcine Johnson CPA Director 2.0 0.0 X 0 0 0 Gaby ALahoudCMACSCACFAPMP Director 2.0 0.0 X 0 0 0 Brad Ledford CMA CPA Director 2.0 0.0 X 0 0 0 J Stephen McNally CMA CPA Director 2.0 0.0 X 0 0 0 Leroy E Pennock CMA Director 2.0 0.0 X 0 0 0 John Mairena CMA Director 2.0 0.0 X 0 0 0 Jennifer A Mercer CMA Director 2.0 0.0 X 0 0 0 Gopinath R R Mallipatna Cma Director 2.0 0.0 X 0 0 0 Kristina LMerrillCMACSCACPA Director 2.0 0.0 X 0 0 0 Robert H Mars CMA Director 2.0 0.0 X 0 0 0 Brad J Monterio Director 2.0 0.0 X 0 0 0 Tanya DShellCMACSCACPA Director 2.0 0.0 X 0 0 0 Dr Di Wu CMA CPA Director 2.0 0.0 X 0 0 0 Rick SThompsonCMACFMCPACIACTP Director 2.0 0.0 X 0 0 0 Timothy P Trout Director 2.0 0.0 X 0 0 0 Hussain MZainalCMACSCACIACFE Director 2.0 0.0 X 0 0 0 Catherine B Long CMA Director 2.0 0.0 X 0 0 0 Charles R WrightCMACGMACPA Director 2.0 0.0 X 0 0 0 Dana CRiessCMACFMCPACPIMCSCP Director 2.0 0.0 X 0 0 0 DR Ammr K Kurdi Director 2.0 0.0 X 0 0 0 Dr Penny S Weller CMA Director 2.0 0.0 X 0 0 0 Dr Roopa venkatesh CMA Director 2.0 0.0 X 0 0 0 Esteban J Quiros CMA Director 2.0 0.0 X 0 0 0 Himanshu Rai CMA Director 2.0 0.0 X 0 0 0 John K Exline CMA CPA Director 2.0 0.0 X 0 0 0 Liv A Watson Director 2.0 0.0 X 0 0 0 Mark E Becker CMA Director 2.0 0.0 X 0 0 0 Nancy A Zaworski CMA Director 2.0 0.0 X 0 0 0 Susan J Bosch CMA Director 2.0 0.0 X 0 0 0 Zenichiro IshibashiCMACFMCSCACP Director 2.0 0.0 X 0 0 0 AMANDA J BERNARDCMACPACFE director 2.0 0.0 X 0 0 0 FATEMA ELZAHRAA EL WAKEELCMA DIRECTOR 2.0 0.0 X 0 0 0 GWEN VAN BERNE CMA DIRECTOR 2.0 0.0 X 0 0 0 PATRICIA WWYNNCMACSCACPACGMA DIRECTOR 2.0 0.0 X 0 0 0 BHAVESH SHAH CMA DIRECTOR 2.0 0.0 X 0 0 0 2481885 0 216002 60 false true false THE GATE WORLDWIDE LLC 71 5TH AVE FLOOR 8 NEW YORK NY 10003 ADVERTISING 4235971 STERN STRATEGY GROUP 176 WOOD AVENUE SOUTH SUITE 300 ISELIN NJ 08830 PUBLIC RELATIONS 528867 WEBSTER CHAMBERLAIN BEAN 1747 PENNSYLVANIA AVENUE NW WASHINGTON DC 20006 LEGAL SERVICES 393736 LSC COMMUNICATIONS US LLC 191 NORTH WACKER DRIVE CHICAGO IL 60606 PRINTING & DIST. 342568 PERSONIFY INC 6500 RIVER PLACE BLVD BLDG III 2 AUSTIN TX 78730 IT SERVICES 307627 7 114575 24060 138635 MEMBERSHIP DUES 611600 17580880 17580880 0 0 EDUCATION PROGRAMS 611600 2420406 2420406 0 0 CONFERENCES 611600 761572 761572 0 0 SUBSCRIPTIONS 611600 266779 83779 183000 0 21029637 654417 654417 0 693030 693030 84327 84327 0 84327 84327 7317744 7202196 115548 115548 115548 0 0 0 0 0 0 0 0 0 CREDENTIALING 900099 113429 113429 0 0 HONOR SOCIETY MEMBERS 900099 12550 12550 0 0 CANCELLATION FEE 900099 258 0 0 258 371 371 0 126608 22842202 20972987 183000 1547580 129625 129625 81479 81479 0 0 1861219 661193 1200026 0 12930339 9320525 3609814 612523 18855 593668 1712543 1480563 231980 1008181 83932 924249 0 1124432 0 1124432 61879 10879 51000 0 0 17713 0 17713 0 6348168 6347851 317 1946178 1460388 485790 706587 318071 388516 0 410350 131928 278422 1085321 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6693082 0 0 0 0 0 0 46397 247510 351363 156029 126608 927907 19295426 15977341 18475233 22322448 22726554 98797002 0.87499 0.86277 0.06775 0.06107 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 998000 998000 6052996 4944592 1108404 2871904 2728623 143281 6089941 5068063 1021878 3271563 DUE FROM AFFILIATES 503934 RESERVE FUND 10963943 OTHER NON-INVESTMENT 384129 11852006 0 DUE TO AFFILIATES 31280358 SECURITY DEPOSITS 4557 PERSONIFY RECIEPTS 12641 ACCRUED PENSION LIABILITY 1709782 ACCRUED PAYROLL 74426 33081764 X PART X, LINE 2 IMA, IMAMEF, IMARF AND IMA PRODUCTS AND SERVICES, LLC (A NON-OPERATING ENTITY) WERE INCORPORATED IN THE STATE OF NEW JERSEY AND ARE EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND THEREFORE HAVE MADE NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. ICMA IS CURRENTLY EXEMPT FROM FEDERAL INCOME TAX UNDER 501(C)(6) OF THE CODE. IMA, IMAMEF, IMARF, IMA PRODUCTS AND SERVICES, LLC AND ICMA HAVE BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE "PRIVATE FOUNDATIONS" WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THERE WAS NO UNRELATED BUSINESS INCOME TAX PAYABLE FOR THE YEAR ENDED JUNE 30, 2020. THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. THE ORGANIZATION DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, CHANGE IN NET ASSETS OR CASH FLOWS. East Asia and the Pacific 5 42 Program Services MARKETING&RELATED SERV 6667562 Europe (Including Iceland and Greenland) 2 5 Program Services MARKETING&RELATED SERV 974190 Middle East and North Africa 1 9 Program Services MARKETING&RELATED SERV 1710892 South Asia 1 3 Program Services MARKETING&RELATED SERV 105778 South Asia Investments 867 9 59 9 59 9459289 9459289 true false true false false true true INSTITUTE OF MANAGEMENT ACCOUNTANTS MEMOR- IAL EDUCATION FUND INC 10 PARAGON DRIVE MONTVALE NJ 07645 222673344 501(C)(3) 109321 UNRESTRICTED SUPPORT OF RGANIZATIONS MISSION AMERICAN ACCOUNTING ASSOCIATION 9009 TOWN CENTER PARKWAY LAKEWOOD RANCH FL 34202 396030166 501(C)(3) 8750 SPONSORSHIP/AWARDS BETA ALPHA PSI 1 PACE PLAZA RM W466 NEW YORK NY 10038 237046830 501(C)(3) 6500 SPONSORSHIP/AWARDS 3 SCHOLARSHIPS GRANTS & AWARD 31 34558 PART I, LINE 1 Annual review or due diligence is performed for all grant recipients. Contributions are made to known organizations whose operations and work are closely aligned with IMAs mission, objective and values. X X true true X X X X X false false false false false false false false false Jeffrey ThomsonCMA CSCA CAE President & CEO 601793 0 210139 0 0 0 18800 0 3357 0 834089 0 0 0 Doreen Remmen CMA CSCA CAE Sr Vice President & CFO 279670 0 84143 0 0 0 11200 0 22860 0 397873 0 0 0 Deborah Warner Vice President 215966 0 66197 0 0 0 11200 0 11921 0 305284 0 0 0 Raef Lawson Vice President 210191 0 63827 0 0 0 11009 0 28257 0 313284 0 0 0 Padraig Hare Vice President 201407 0 61887 0 0 0 10429 0 2024 0 275747 0 0 0 Kathy Williams Vice President 194306 0 46374 0 0 0 9652 0 29249 0 279581 0 0 0 Ellen Gurevich Vice President 183441 0 62544 0 0 0 10383 0 35661 0 292029 0 0 0 PART I, LINE 1A IN REGARD TO FIRST-CLASS TRAVEL, THE INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC. TRAVEL POLICY STATES AIRLINE TRAVEL FOR itineraries OF LESS THAN SIX HOURS WILL BE BOOKED IN COACH CLASS. BUSINESS TRAVEL MAY BE AUTHORIZED BY THE PRESIDENT WHEN THE TOTAL ELAPSED TIME IS SIX HOURS OR MORE. IN REGARDS TO COMPANION TRAVEL, THE POLICY STATES WHEN THE PRESENCE OF THE CHAIR'S SPOUSE AT AN IMA FUNCTION IS DEEMED Appropriate, WITH PROPER APPROVAL BY THE GOVERNANCE COMMITTEE, THE SPOUSE'S EXPENSE WILL BE REIMBURSED UPON REQUEST ONLY IF DEEMED AN Appropriate BUSINESS REASON WHERE THE CHAIR'S SPOUSE HAS ASSIGNED DUTIES TO PERFORM AS PART OF THE TRIP/FUNCTION. PART I, LINE 7 AMOUNTS INCLUDED ON PART II COLUMN B(II) REPRESENT BONUS PAYMENTS. THESE AMOUNTS WERE INCLUDED IN THE INDIVIDUAL 2019 W-2S AND APPROVED BY THE BOARD. Form 990, Part I, Line 20 Foreign Related Entities Activities: IMA has elected to file Form 990 on a consolidated basis, a basis consistent with its audited financial statements, and has included the activity of its foreign related organizations listed on Schedule R, including IMA South East Asia Pte. Ltd. and Stichting Institute of Management Accountants, the Netherlands. The following balances as well as all activities of above foreign related organizations, during the fiscal year 2020, including program services, are included on IMAs Form 990. IMA South East Asia Pte. Ltd. Net Assets: (1,694,620) Revenue: None Expenses: (549,543) Stichting Institute of Management Accountants, the Netherlands Net Assets: (634,212) Revenue: None Expenses: (254,878) FORM 990, PART VI, SECTION A, LINE 6 IMA IS AN ACCOUNTING MEMBERSHIP AND EDUCATION ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT SUBCOMMITTEE OF THE PERFORMANCE OVERSIGHT & AUDIT COMMITTEE IS RESPONSIBLE FOR REVIEW AND APPROVAL OF FORM 990 BEFORE FILING. MEETING MINUTES ARE CONTEMPORANEOUSLY RECORDED. ALL BOARD MEMBERS HAVE AN OPPORTUNITY TO REVIEW AND COMMENT ON FORM 990 AFTER THE AUDIT SUBCOMMITTEE REVIEW AND BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS AND EMPLOYEES REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE ANNUALLY. THE CEO AND BOARD CHAIR OF THE ETHICS COMMITTEE FOLLOW UP ON DISCLOSED ITEMS. MEMBERS ARE PERIODICALLY REMINDED TO DISCLOSE CONFLICTS OF INTEREST ON ANY MATTER ADDRESSED BY THE BOARD. CONFLICT OF INTEREST COMPLIANCE MEASURES UNDER THE ASSOCIATIONS CODE OF ETHICS POLICY INCLUDE DISCIPLINARY ACTION UP TO AND INCLUDING EXPULSION. FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE CEO AND CFO ARE OFFICERS OF THE ASSOCIATION. COMPENSATION OF OFFICERS, IF ANY, IS REVIEWED AND APPROVED BY INDEPENDENT MEMBERS OF THE BOARD ANNUALLY AFTER REVIEW OF COMPARABLE DATA AND DELIBERATION. MEETINGS ARE CONTEMPORANEOUSLY RECORDED. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATIONS CONSOLIDATED AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE ON THE ORGANIZATIONS WEBSITE. THE ASSOCIATIONS FORM 990 IS AVAILABLE ON GUIDESTARS WEBSITE AND UPON WRITTEN REQUEST. FORM 1023 AND FORM 990-T, IF FILED, ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART X, LINE 19 AND PART XI, LINE 8 THE ORGANIZATION RECLASSIFIED REVENUE RECOGNIZED DURING FISCAL YEAR 2019 TO DEFERRED REVENUE IN FISCAL YEAR 2020. THIS RECLASSIFICATION IS BEING REFLECTED ON PART X, LINE 19- DEFERRED REVENUE AND PART XI, LINE 8- PRIOR PERIOD ADJUSTMENTS. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. IMA Products & Services LLC 10 Paragon Drive Montvale NJ 07645 232364433 Edu materials NJ 0 0 IMA Inst of Certified Mgmt Accts Inc 10 Paragon Drive Montvale NJ 07645 222679694 Certification NJ 501(c)(6) IMA true Inst of Mgmt Accts Memorial Edu Fund 10 Paragon Drive Montvale NJ 07645 222673344 grant support NJ 501(c)(3) 12-I IMA true IMA Research Foundation Inc 10 Paragon Drive Montvale NJ 07645 223323222 EDUCATION NJ 501(c)(3) 12-1 IMA true STICHTING INST OF MGMT ACCTS THE NETHERL CLAUDE DEBUSSYLAAN 15 AMSTERDAM NL 1082MC 999999999 EDU SUPPORT NL 501(c)(3) IMA true IMA Services Inc (IMAS) 10 Paragon Drive Montvale NJ 07645 271144394 education service NJ IMA C Corp 396421 701000 1.00000 true INST OF MGMT ACCTS INDIA PRIVATE LTD DR E MOSES RD MAHALAXMI MUMBAI IN 400011 999999999 EDU SUPP SERVICE IN ICMA C CORP 0 867 0.01000 true BEIJING IMA MANAGMENT CONSULTING LTD 1 E CHANGAN AVE DONGCHENG DIST BEIJING CH 100052 999999999 edu supp service CH IMAS C CORP 0 0 0.00000 false INST OF MGMT ACCTS (BEIJING) REP OFFICE 1 E CHANGAN AVE DONGCHENG DIST BEIJING CH 100052 999999999 edu supp service CH IMAS C CORP 0 0 0.00000 false IMA SOUTH EAST ASIA PTE LTD 60 PAYA LEBAR ROAD 06-19 PAYA LEBAR SQ SN 409051 999999999 EDU SUPPORT SN IMA C CORP 0 48912 1.00000 true false true false true true false false false false false false false true true true false false false false INSTITUTE OF CERTIFIED MANAGEMENT ACCOUNTANTS D 1531157 FMV IMA SERVICES D 53467 FMV IMA SERVICES M 5801710 FMV IMAMEF B 109321 FMV