International Bone and Mineral Society: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- International Bone and Mineral Society (EIN 52-2198569)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-07-26
- IRS object ID
- 201202089349300130
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-07-26T12:34:18-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 341945695 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SS&G INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1665 ELK BOULEVARD | AddressLine1 |
| City | DES PLAINES | City |
| State | IL | State |
| ZIP Code | 600164776 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 522198569 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INTERNATIONAL BONE AND MINERAL SOCIETY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | INTE | NameControl |
| Phone | 3126734973 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 N MICHIGAN AVE NO 2200 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEVIN BALIOZIAN | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 3126734973 | Phone |
| Date Signed | 2012-07-23 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DIRK AHLBECK | Name |
| PTIN | P00237637 | PTIN |
| Phone | 8478244000 | Phone |
| Date Prepared | 2012-07-23 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KEVIN BALIOZIAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 N MICHIGAN AVE STE 2200 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 2438468 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.IBMSONLINE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1992 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | TO FACILITATE THE KNOWLEDGE OF BONE AND MINERAL METABOLISM. SEE ADDITIONAL INFORMATION ON PART III. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 79 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 565742 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 413100 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1061059 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1264316 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 86192 | InvestmentIncomePriorYear |
| Investment Income Current Year | 148310 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 6266 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1712993 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1831992 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 40000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 40000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 157382 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1487013 | OtherExpensePriorYear |
| Other Expenses Current Year | 2050227 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1527013 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2090227 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 185980 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -258235 | RevenuesLessExpensesCY |
| Total Assets BOY | 3059801 | TotalAssetsBOY |
| Total Assets EOY | 2746420 | TotalAssetsEOY |
| Total Liabilities BOY | 133582 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 184872 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2926219 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2561548 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO FACILITATE THE GENERATION AND DISPERSAL OF KNOWLEDGE OF BONE AND MINERAL METABOLISM THROUGH COMMUNICATION, COMMUNITY, TRAINING AND MULTIDISCIPLINARY MEETINGS INTERNATIONALLY. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 876887 | Expense |
| Revenue | 714163 | Revenue |
| Description | CONFERENCE (ATHENS MEETING) - THE ATHENS CONFERENCE ESTABLISHED A SCIENTIFIC STANDARD THAT CONTINUES TODAY. IT IS AN INTIMATE SCALED WORKSHOP WITH AN INFORMAL SCIENTIFIC EXCHANGE. THE MEETING IS FOCUSED ON BOTH BISPHOSPHONATES AND A WHOLE RANGE OF CURRENT ADVANCES IN BONE THERAPEUTICS, REFLECTING THE BREADTH OF THE CELL BIOLOGY SESSIONS THAT PRECEDE IT. THE 2011 CONFERENCE HAD 1,900 REGISTRANTS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 251650 | Expense |
| Description | BONEKEY - IBMS BONEKEY IS THE ONLY OPEN-ACCESS KNOWLEDGE ENVIRONMENT IN THE BONE FIELD. AS A DYNAMIC REPOSITORY OF KNOWLEDGE, IT IS ALSO A SOURCE OF ORIGINAL CONTENT, INCLUDING NEWS, PERSPECTIVES, COMMENTARIES, MEETING REPORTS AND NOT TO BE MISSED ANNOTATIONS, WRITTEN BY THE TOP EXPERTS IN THE FIELD. THE SITE HAS A GLOBAL NETWORK OF 12,000 REGISTERED USERS WHO ALL LEARN OF EACH MONTH'S NEW CONTENT THROUGH REGULAR MONTHLY E-MAILS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 252007 | Expense |
| Revenue | 205975 | Revenue |
| Description | CANCER AND BONE SOCIETY - THE PROMULGATION OF KNOWLEDGE AND RESEARCH RESULTS RELEVANT TO THE EFFECTS OF CANCERS AND CANCER TREATMENTS ON BONE AND MINERAL HOMEOSTASIS. TO THIS END, CANCER AND BONE SOCIETY SHALL PROVIDE EDUCATION, THROUGH CONFERENCES AND PUBLICATIONS, FOR SCIENTISTS AND CLINICIANS STUDYING OR TREATING THE EFFECTS OF CANCERS ON BONE AND MINERAL HOMEOSTASIS. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 184876 | Expense |
| Grants | 40000 | Grants |
| Revenue | 344178 | Revenue |
| Description | JOURNAL, WORKSHOP, BOARD OF DIRECTORS | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 184876 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 40000 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 344178 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 1565420 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 21 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEVIN BALIOZIAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3126734973 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 N MICHIGAN AVE SUITE 2200 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| JUDITH ADAMS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARIA LUISA BIANCHI | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROGER BOUILLON | ||||||
| PAST PRESIDENT | 5.00 | X | 0 | 0 | 0 | X |
| JILLIAN CORNISH | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARIE-CHRISTINE DE VERNEJOUL | ||||||
| PRESIDENT-ELECT/SEC./TREAS. | 5.00 | X | 0 | 0 | 0 | X |
| ADOLFO DIEZ PEREZ | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| GHADA EL-HAJJ FULEIHAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DAVID GOLTZMAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| THERESA GUISE | ||||||
| SEC./TREAS./V. PRES | 5.00 | X | 0 | 0 | 0 | X |
| JOHN KANIS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| GERARD KARSENTY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SHIGEAKI KATO | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| HENRY KRONENBERG | ||||||
| PRESIDENT | 5.00 | X | 0 | 0 | 0 | X |
| PIERRE MARIE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROBERT NISSENSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| NATALIE SIMS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ANNA TETI | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| STEVE TEITELBAUM | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JULIET COMPSTON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CLIFFORD ROSEN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KEVIN BALIOZIAN | ||||||
| EXECUTIVE DIRECTOR | 17.00 | 0 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMITHBUCKLIN CORPORATION | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 N MICHIGAN AVE SUITE 2200 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | MANAGEMENT FEES | DescriptionOfServices |
| Compensation | 617077 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 413100 | AllOtherContributions |
| Total Contributions | 413100 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| CONFERENCE | 611710 | 714163 | 714163 |
| CANCER & BONE SOCIETY | 611710 | 205975 | 205975 |
| JOURNAL | 611710 | 147375 | 147375 |
| MEMBERSHIP DUES | 611710 | 106668 | 106668 |
| CORPORATE DUES | 611710 | 74980 | 74980 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15155 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15155 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1264316 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 115189 | TotalRevenueColumn |
| Exclusion | $115,189 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 639597 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 606476 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 33121 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 33121 | TotalRevenueColumn |
| Exclusion | $33,121 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 6266 | TotalRevenueColumn |
| Exclusion | $6,266 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 6266 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1831992 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1264316 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $154,576 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40000 | Total |
| Program Services | 40000 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 184809 | Total |
| Program Services | 62835 | ProgramServices |
| Management And General | 87165 | ManagementAndGeneral |
| Fundraising | 34809 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7574 | Total |
| Management And General | 7574 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37900 | Total |
| Management And General | 37900 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15230 | Total |
| Management And General | 15230 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 370918 | Total |
| Program Services | 80364 | ProgramServices |
| Management And General | 180957 | ManagementAndGeneral |
| Fundraising | 109597 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33016 | Total |
| Program Services | 22701 | ProgramServices |
| Fundraising | 10315 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25783 | Total |
| Program Services | 551 | ProgramServices |
| Management And General | 22571 | ManagementAndGeneral |
| Fundraising | 2661 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 219731 | Total |
| Program Services | 219731 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32045 | Total |
| Program Services | 22404 | ProgramServices |
| Management And General | 9641 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1039846 | Total |
| Program Services | 1038972 | ProgramServices |
| Management And General | 874 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4815 | Total |
| Management And General | 4815 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| JOURNAL EXPENSES | 76500 | 76500 | |
| LOSS ON FRGN CURRENCY | 1352 | 1011 | 341 |
| MISCELLANEOUS | 708 | 351 | 357 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2090227 | Total |
| Program Services | 1565420 | ProgramServices |
| Management And General | 367425 | ManagementAndGeneral |
| Fundraising | 157382 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 209013 | BOY |
| EOY | 120116 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 138730 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70239 | BOY |
| EOY | 112624 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13659 | BOY |
| EOY | 20603 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2628160 | BOY |
| EOY | 2493077 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3059801 | BOY |
| EOY | 2746420 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57707 | BOY |
| EOY | 79513 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75875 | BOY |
| EOY | 105359 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133582 | BOY |
| EOY | 184872 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2926219 | BOY |
| EOY | 2561548 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2926219 | BOY |
| EOY | 2561548 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3059801 | BOY |
| EOY | 2746420 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -258235 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -106436 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 367718 | CurrentTaxYearMinus1Year |
| Current Tax Year | 413100 | CurrentTaxYear |
| Total | 780818 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1304963 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1473058 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1881172 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1061059 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1264316 | CurrentTaxYear |
| Total | 6984568 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1304963 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1473058 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1881172 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1428777 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1677416 | CurrentTaxYear |
| Total | 7765386 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 4210 | CurrentTaxYearMinus1Year |
| Current Tax Year | 10025 | CurrentTaxYear |
| Total | 14235 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 161782 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 160670 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 326135 | CurrentTaxYearMinus1Year |
| Current Tax Year | 247156 | CurrentTaxYear |
| Total | 895743 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 161782 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 160670 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 330345 | CurrentTaxYearMinus1Year |
| Current Tax Year | 257181 | CurrentTaxYear |
| Total | 909978 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 6855408 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 60135 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 47237 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 59435 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 77058 | CurrentTaxYearMinus1Year |
| Current Tax Year | 115189 | CurrentTaxYear |
| Total | 359054 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 60135 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 47237 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 59435 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 77058 | CurrentTaxYearMinus1Year |
| Current Tax Year | 115189 | CurrentTaxYear |
| Total | 359054 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 9946 | CurrentTaxYearMinus4Years |
| Current Tax Year | 6266 | CurrentTaxYear |
| Total | 16212 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1375044 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1520295 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1940607 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1505835 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1798871 | CurrentTaxYear |
| Total | 8140652 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.84210 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.86650 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.04410 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.04000 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
| Total Revenue | 1831992 | TotalRevenue |
| Total Expenses | 2090227 | TotalExpenses |
| Excess Or Deficit For Year | -258235 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -106436 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -106436 | TotalAdjustments |
| Excess Or Deficit Per FS | -364671 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1725556 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -106436 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -106436 | RevenueNotRptdF990 |
| Revenue Subtotal | 1831992 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1831992 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2090227 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2090227 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2090227 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | THE SOCIETY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. DURING THE YEAR ENDED DECEMBER 31, 2011, THE SOCIETY DID NOT HAVE ANY UNRELATED BUSINESS ACTIVITIES. THE SOCIETY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, INCLUDING ITS TAX EXEMPT STATUS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SOCIETY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990-T) FOR THE YEARS ENDED DECEMBER 31, 2010, 2009, AND 2008 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. | Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConducted |
| Specific Services Provided | CONFERENCE | SpecificServicesProvided |
| Total Expenditures | 819440 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 819440 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 819440 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FELLOWSHIP GRANT | TypeOfGrant |
| Number Of Recipients | 2 | NumberOfRecipients |
| Amount Of Cash Grant | 40000 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART I, LINE 2 | Identifier |
| Return Reference | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS | ReturnReference |
| Explanation | THE RECIPIENT MUST USE THE MONEY FOR THEIR RESEARCH AND MUST PROVIDE A SUMMARY OF THEIR RESEARCH FINDINGS FOR THE BOARD OF DIRECTORS REVIEW AT THE END OF THE YEAR (WHEN THE FELLOWSHIP FUNDING IS COMPLETE). | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE SOCIETY HAS AN ASSOCIATION MANAGEMENT COMPANY (SMITHBUCKLIN) IN CHICAGO, ILLINOIS THAT MANAGES ITS BUSINESS AFFAIRS. THE SPECIFIC SERVICES PROVIDED BY SMITHBUCKLIN ENCOMPASS THE FOLLOWING: EXECUTIVE DIRECTOR/MANAGEMENT AND HEADQUARTERS, FUNDRAISING, ADMINISTRATIVE SERVICES, EDUCATION AND CERTIFICATION SERVICES, FINANCIAL MANAGEMENT AND ACCOUNTING SERVICES, MARKETING AND COMMUNICATIONS SERVICES, INFORMATION TECHNOLOGY SERVICES AND WEBSITE SUPPORT, AND EVENT SERVICES. | |
| FORM 990, PART VI, SECTION A, LINE 4 | THE SOCIETY MADE THE FOLLOWING SIGNIFICANT CHANGES TO ITS BYLAWS DURING THE YEAR: 1. REVISION TO CAUSES OF TERMINATION OF MEMBERSHIP 2. CHANGED A QUOROM TO A MAJORITY INSTEAD OF 2/3 3. BOARD OF DIRECTORS NOW CONSISTS OF 16 ELECTED MEMBERS AS WELL AS EX-OFFICIO MEMBERS 4. UPDATED THE PROCESS OF BOARD MEMBER ELECTION 5. CHANGED VOTING RIGHTS FOR EX-OFFICIOS WHO ARE NOT BOARD MEMBERS BUT ARE MEMBERS OF THE EXECUTIVE COMMITTEE ARE GIVEN ONE VOTE | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE SOCIETY HAS 6 CLASSES OF MEMBERS: INDIVIDUAL, MEMBERS IN TRAINING, HONORARY, EMERITUS, AFFILIATE AND CORPORATE. INDIVIDUAL, MEMBERS IN TRAINING AND AFFILIATE MEMBERS HAVE THE RIGHT TO VOTE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE IBMS MEMBERSHIP ELECTS THE MEMBERS OF THE BOARD OF DIRECTORS BY MAIL BALLOT. | |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS MAY BE REQUESTED TO VOTE ON MATTERS BROUGHT BEFORE THEM BY THE OFFICERS OF IBMS EITHER BY MAIL BALLOT (FOR ISSUES DEEMED TO BE CRUCIAL AND UNABLE TO WAIT UNTIL THE NEXT REGULAR MEETING OF THE MEMBERSHIP) OR AT A GENERAL MEETING OF THE MEMBERSHIP. MATTERS REQUESTING THE VOTES OF MEMBERS SHALL BE APPROVED BY THE MAJORITY OF THE MEMBERS ATTENDING THE GENERAL MEETINGS OR BY THE MAJORITY OF MEMBERS PARTICIPATING IN A VOTING PROCESS BY MAIL OR EMAIL BALLOT. | |
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO ISSUANCE. THE SMITHBUCKLIN CLIENT MANAGER PERFORMS THE INITIAL REVIEW AND THE EXECUTIVE DIRECTOR DOES A FINAL REVIEW. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE POLICY IS REVIEWED EACH YEAR AND DURING EACH MEETING. THE EXECUTIVE COMMITTEE ASKS FOR THOSE WHO MAY HAVE A CONFLICT OF INTEREST IN A SPECIFIC TOPIC AREA TO NOT PARTICIPATE AND EXCUSE THEMSELVES FROM THE MEETING AND DECISION MAKING. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE BYLAWS ARE MADE AVAILABLE TO MEMBERS ON THE MEMBERS ONLY WEBSITE. THE BYLAWS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART VI, LINE 15A | COMPENSATION IS NOT SUBJECT TO A REVIEW AND APPROVAL PROCESS FOR CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIAL BECAUSE THERE ARE NO EMPLOYEES OF IBMS. INSTEAD, IBMS OUTSOURCES THE MANAGEMENT FUNCTION TO SMITHBUCKLIN, WHO HIRES QUALIFIED EMPLOYEES, SUCH AS THE EXECUTIVE DIRECTOR TO MANAGE THE DAY TO DAY FUNCTIONS OF IBMS. | COMPENSATION PROCESS FOR TOP MANAGEMENT OFFICIAL |
| FORM 990, PART VI, LINE 15B | COMPENSATION IS NOT SUBJECT TO A REVIEW AND APPROVAL PROCESS FOR OTHER OFFICERS OR KEY EMPLOYEES BECAUSE THERE ARE NO EMPLOYEES OF IBMS. INSTEAD, IBMS OUTSOURCES THE MANAGEMENT FUNCTION TO SMITHBUCKLIN, WHO HIRES QUALIFIED EMPLOYEES, SUCH AS THE EXECUTIVE DIRECTOR TO MANAGE THE DAY TO DAY FUNCTIONS OF IBMS. | COMPENSATION PROCESS FOR OTHER OFFICERS |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -106,436. | CHANGES IN NET ASSETS OR FUND BALANCES: |