2014-05-12T10:58:30-07:00 2013-06-30 990 2012-07-01 222659674 INSTITUTE OF MANAGEMENT ACCOUNTANTS INC INST 2015739000 10 Paragon Drive Montvale NJ 07645 Doreen Remmen 2014741568 2014-05-12 2012 2015-11-30 17:44:51Z Jeffrey Thomson CEO 10 Paragon Drive Montvale NJ 07645 19067979 0 2501 X www.imanet.org X 1919 NJ 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 and finance. 52 51 75 100 153973 0 10155 1033723 13579440 14485273 536258 442659 180429 135839 14306282 16097494 0 1400 0 0 5864320 5832667 0 0 0 8508892 8503620 14373212 14337687 -66930 1759807 19011531 21221209 15856960 16007214 3154571 5213995 To provide a forum for research, practice development, education, knowledge sharing, and the advocacy of the highest ethical and best business proctices in management accounting and finance. 0 0 4328727 0 11364068 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 2013, year end membership was 68,200. 2356114 1400 299203 Publication of accounting periodicals and literature, and accounting research statements and positions, available to members and the general public to increase knowledge and access to information, in management accounting practices and methods. In fiscal year 2013, year end membership was 68,200 and general public periodical and literature purchased totaled 594. 1938745 0 2112987 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 2013, individuals assisted in preparation for certification examination totaled 3,957 and continuing education course credit hours provided to members and the general public totaled 46,258. 1250261 0 709015 Conferences and seminars held in the U.S. and abroad (both in person and via web cast) to further management accounting education. In fiscal year 2013, two conferences were held with attendance totaling 1,358 and 66 webinars were held with attendance totaling 12,000. 1250261 0 709015 9873847 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 157 0 1 75 1 1 1 1 CH 0 0 0 0 0 0 0 0 X 52 51 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NJ X X X Doreen Remmen SVP and CFO 2014741568 10 Paragon Drive Montvale NJ 07645 Jeffrey Thomson CMA 40 1.00 X X 441993 0 12358 John Macaulay CMA 5 3.00 X X 0 0 0 William Knese CMA CFM CPA 5 11.00 X X 750 0 0 Dr Brian McGuire CMA CPA CBM CITP 5 3.00 X X 750 0 0 Dr Sandra Richtermeyer CMA CPA 3 X X 0 0 0 Dr Vimal Kumar Aggarwal CMA FICWA 2 X 0 0 0 Irvin Andre Alexander III CMA CFM 2 X 0 0 0 Solaimana A Altwaijri CMA CFM CPA 2 X 0 0 0 Amber Arnhold CMA 2 X 1000 0 0 Ramamani Balaji CMA CIA CFO CRMA 2 X 0 0 0 Susan Bos CMA 2 X 1000 0 0 Gary Brown CMA CPA 2 X 1000 0 0 Roger Di CMA 2 X 0 0 0 Loutfi Echhade CMA CFM CPA 2 X 0 0 0 Cynthia Friedt CMA CPA CIA 2 X 1000 0 0 Dr Hubert Glover CMA CPA CIA CITP 2 X 0 0 0 Dr Paul E Juras CMA CPA 2 X 0 0 0 Jane E Karli CMA 2 X 0 0 0 Dr Kerim Kazgan CMA CPA 2 X 0 0 0 Athba S Majeed 2 X 0 0 0 J Stephen McNally CPA 2 X 0 0 0 Christopher Mishler CMA CIA 2 X 0 0 0 Brad J Monterio 2 X 1000 0 0 Mark Morgan 2 X 750 0 0 Benjamin Mulling CMA VPA CITP 2 X 750 0 0 Scott Rosenberg 2 X 0 0 0 Patricia A Simmers 2 X 750 0 0 Rick Thompson CMA CFM CPA CIA CTP 2 X 0 0 0 Frank D Teets CMA CPA 2 X 0 0 0 Martha L Alle CPA 2 X 1000 0 0 Pat Basile CMA 2 X 1000 0 0 Kristine Brands CMA CPA 2 X 1500 0 0 Sandra M Brenner CMA 2 X 750 0 0 Beverley A Brooks CPA 2 X 1000 0 0 Dana J Collins CPA 2 X 0 0 0 Karen M Dallmann 2 X 1000 0 0 David P Dimare CMA CPA 2 X 0 0 0 Cary Efaw CMA CFM CPA 2 X 1000 0 0 Dr Olen Greer CMA 2 X 750 0 0 Larry L Loyed CMA 2 X 0 0 0 Dr David F McCormick CMA CPA 2 X 0 0 0 Barry Nathan CMA 2 X 750 0 0 Marc P Palker CMA 2 X 1000 0 0 Peggy Z Reeves 2 X 1000 0 0 Steven Skoog CMA CFM 2 X 750 0 0 James C Smith CPA 2 X 0 0 0 Pemberton Smith CMA CFM CDFM 2 X 0 0 0 Antoinette Spina CPA 2 X 1000 0 0 Mary A Strautmann CPA 2 X 1000 0 0 Timothy P Trout 2 X 0 0 0 Joseph Vincent CMA 2 X 750 0 0 Kelli Nibarger-Baucom 1 X 0 0 0 John C Arme CPA 1 X 0 0 0 Donald W Baker CMA CPA 1 X 0 0 0 Ettore Barbatelli Sr 1 X 0 0 0 Arthur P Bartholomew Jr CPA 1 X 0 0 0 John Brausch CMA CFM CPA 1 X 0 0 0 William L Brower Jr CMA CFM 1 X 0 0 0 Dr R Lee Brummet CPA 1 X 0 0 0 Dr Keith Bryant Jr CMA 1 X 0 0 0 Margaret D Butler CMA CPA 1 X 0 0 0 Earnest A Huband CMA CFM CPA CBA 1 X 0 0 0 William J Ihlanfeldt CPA 1 X 0 0 0 C S Bud Kulesza CMA CFM 1 X 1500 0 0 Robert W Liptak CPA 1 X 0 0 0 Leo M Loiselle CPA 1 X 0 0 0 Frank C Minter CPA 1 X 0 0 0 Thomas M O'Toole CPA 1 X 0 0 0 John B Pollara CMA 1 X 0 0 0 Pam Prinz Stewart 1 X 0 0 0 Stanley R Pylipow 1 X 0 0 0 Clair M Raubenstine CMA CFM CPA 1 X 0 0 0 Emil Scharff CPA 1 X 0 0 0 Frederick E Schea CMA CFM CPA 1 X 750 0 0 Dr Carl S Smith CMA CFM CPA 1 X 750 0 0 Charles T Smith Jr CPA 1 X 0 0 0 Louis Vlasho CMA 1 X 0 0 0 Hon Kim R Wallin CMA CFM CPA 1 X 750 0 0 Capt Larry R White RET CMA CFM CPA 1 X 1000 0 0 Doreen Remmen CMA 40 2.00 X 204927 0 37359 Deborah Warner 40 X 191442 0 27232 Steven Weiss 40 X 196484 0 23181 Raef Lawson 40 1.00 X 183320 0 40652 Padraig Hare 40 X 162136 0 38253 Kathy Williams 40 X 159030 0 32182 1567082 0 211217 18 0 1 0 Marketing General Inc 209 Madison St 3rd Flr Alexandria VA 223141764 Marketing 799338 MCI Middle East LLC POB124752 Ste902 Lvl9 DWTC Twr SH Zayed Rd Dubai AE Professional Services 590719 TMA Resources Inc 1919 Gallows Road Suite 400 Vienna VA 22182 Software Support 337658 Stern & Associates 11 Commerce Drive Cranford NJ 07016 Public Relations 322189 RR Donnelley Receivables Inc PO Box 730216 Dallas TX 753730216 Magazine Printing and Mailing 308843 11 0 0 0 1000000 0 33723 0 1033723 Membership dues and fees 611710 9818812 9818812 0 0 Affinity program royalties and interest groups 611710 1545256 1545256 0 0 Advertising and sales of publications 511120 299203 145230 153973 0 Education programs 611600 2112987 2112987 0 0 Conferences 611600 709015 709015 0 0 0 0 0 0 14485273 169121 0 0 169121 0 0 0 0 0 0 0 0 116241 0 0 0 116241 0 116241 0 0 116241 3244023 0 2970485 0 273538 0 273538 0 0 273538 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Miscellaneous 900099 19598 0 0 19598 0 0 0 0 19598 16097494 14331300 153973 578498 X 0 0 1400 1400 0 0 0 0 663739 0 663739 0 0 0 0 0 4092503 3016254 1076249 0 147470 93845 53625 0 617550 394862 222688 0 311405 203228 108177 0 0 0 0 0 167922 0 167922 0 54654 0 54654 0 0 0 0 0 0 0 40986 0 40986 0 2320999 2083063 237936 0 1574387 1573167 1220 0 854902 537340 317562 0 237156 116334 120822 0 0 0 0 0 298319 89808 208511 0 348268 247891 100377 0 0 0 0 0 839353 679555 159798 0 799 0 799 0 384047 384047 0 0 620264 0 620264 0 87366 0 87366 0 Credit card fees 302078 302078 0 0 Education and training 60304 18590 41714 0 Membership dues 39666 6989 32677 0 272150 125396 146754 0 14337687 9873847 4463840 0 3496112 4783895 319283 484959 0 0 688261 750176 0 0 0 0 0 0 0 0 137088 230869 12138364 8906052 3867637 3232312 9525220 10687689 0 0 0 0 0 0 977930 1051309 19011531 21221209 3594586 3812860 0 0 5734485 5877033 0 0 0 0 0 0 0 0 0 0 6527889 6317321 15856960 16007214 X 3154571 5213995 0 0 0 0 3154571 5213995 19011531 21221209 X 1759807 260735 0 0 0 38882 X 0 1 X 1 0 X 4035000 17920 21671 10155 1033723 5118469 12615957 12991221 13352583 13579440 14485273 67024474 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16650957 13009141 13374254 13589595 15518996 72142943 4000100 0 7300 0 1000000 5007400 0 0 0 0 0 0 4000100 0 7300 0 1000000 5007400 67135543 715323 700947 462347 653979 558900 3091496 0 0 0 0 0 0 715323 700947 462347 653979 558900 3091496 0 0 0 0 0 0 0 28496 20495 62708 19598 131297 17366280 13738584 13857096 14306282 16097494 75365736 0.89080 0.89953 0.04102 0.04320 X Schedule A, Part III, Line 12- Other income: 2008 - $0; 2009 - Adjustments to A/R $9,579, closed chapters $6,593, achievement award $5,000, speaker fee $1,000, insurance claim $1,065 and other income $5,259; 2010 - Flexible spending adjustments $(1,639), restocking fee $5,416 and other income $16,718; 2011 - COSO distribution $60,000 and other income $2,708; 2012 - Adjustments to balance sheet $18,357, and other income $1,241. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 998000 0 998000 5638006 0 4434416 1203590 17732 0 17732 0 2590022 0 2504850 85172 2894604 0 1949054 945550 3232312 Due from affiliates 1051309 1051309 0 Due to affiliate 6317321 6317321 X 16317244 260735 0 0 0 260735 16056509 40985 0 40985 16097494 14296702 0 0 0 0 0 14296702 40985 0 40985 14337687 SchD_P10_S00_L02 Schedule D, Part X, Line 2 Under ASC 740, "Income Taxes", an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained. The organization does not believe there are any material uncertain tax positions, and, accordingly, it has not recognized any liability for unrecognized tax benefits. IMA and Affiliates have filed IRS Form 990 tax returns up to and including fiscal year 2012, as required, and all other applicable returns in jurisdictions where they are required. For the year ended June 30, 2013, there was no interest or penalties recorded or included in the combined statement of activities. East Asia and the Pacific 1 8 Program Services Membership and Education 859092 Middle East and North Africa 1 3 Program Services Membership and Education 626135 Europe (including Iceland and Greenland) 1 2 Program Services Memberhsip and Education 262556 3 13 1747783 0 0 0 0 0 0 X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Jeffrey Thomson CMA 358518 0 83475 0 0 0 9800 0 2558 0 454351 0 0 0 Doreen Remmen CMA 171663 0 33264 0 0 0 8390 0 28969 0 242286 0 0 0 Steven Weiss 165233 0 31251 0 0 0 2601 0 20580 0 219665 0 0 0 Deborah Warner 159434 0 32008 0 0 0 7814 0 19419 0 218675 0 0 0 Raef Lawson 152478 0 30842 0 0 0 7631 0 33021 0 223972 0 0 0 Padraig Hare 144938 0 17198 0 0 0 6746 0 31507 0 200389 0 0 0 Kathy Williams 132462 0 26568 0 0 0 6585 0 25597 0 191212 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a In regard to first class travel or charter 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 class 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. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The CEO and CFO are officers of the Association. Compensation of officers and key employees, if, any, are reviewed and approved by independent members of the Board annually after review of comparable data and deliberation. Meetings are contemporaneously recorded. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 IMA is an accounting membership and education association. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b 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 reviews before filing with the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Board members, officers and employees review and sign a conflict of interest statement and disclosure annually. CEO and Board Chair of 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 Association's Code of Ethics Policy include disciplinary action up to and including expulsion F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The CEO and CFO are officers of the Association. Compensation of officers and key employees, if any, are reviewed and approved by independent members of the Board annually after review of comparable data and deliberation. Meetings are contemporaneously recorded. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Consolidated audited financial statements, conflict of interest policy, governing documents and Form 1023 are available on the organization's website. Association's form 990 is available on Guidestar website and upon written request. Form 990-T, if filed, is available upon written request. F990_P09_S00_L11g Form 990, Part IX, Line 11g $1,222,395 in production, delivery and distribution costs of accounting educational products, accounting magazine and membership services, $386,425 in contracted staff services and $712,179 in other services. F990_P11_S00_L09 Form 990, Part XI, Line 9 $38,882 change in unfunded accumulated benefit obligation Institute of Management Accountants Products & Service LLC 10 Paragon Drive Montvale NJ 07645 232364433 Sale of educational material NJ 559903 0 Institute of Management Accountants Inc Institute of Certified Management Accountants Inc 10 Paragon Drive Montvale NJ 07645 222679694 Certification program NJ 501(c)6 Institute of Management Accountants Inc 1 Institute of Management Accountants Memorial Education Fund Inc 10 Paragon Drive Montvale NJ 07645 222673344 Accounting research NJ 501(c)3 11 Institute of Management Accountants Inc 1 IMA Research Foundation Inc 10 Paragon Drive Montvale NJ 07645 223323222 Accounting research NJ 501(c)3 7 Institute of Management Accountants Inc 1 IMA Services Inc 10 Paragon Drive Montvale NJ 07645 271144394 Promotion of educational services in accounting NJ Institute of Management Accountants Inc C 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Institute of Certified Management Accountants Inc n 2426522 Proportional allocation of shared program and administrative support Institute of Certified Management Accountants Inc o 1885263 Proportional allocation of shared program and administrative support