2024-11-15T09:28:35-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2023-01-01 529999947 FOUNDATION OF THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION FOUN 3124237262 35 EAST WACKER DRIVE 500 CHICAGO IL 60601 SHERRIF KARAMAT CAE PRESIDENT & CEO 3124237262 2024-11-13 1 0 THURE ROSS CPA P00577278 6305738600 2024-11-13 2023 2024-10-15 13:58:12Z SHERRIF KARAMAT CAE 35 EAST WACKER DRIVE 500 CHICAGO IL 60601 3556496 0 X HTTPS://FOUNDATION.PCMA.ORG/ X 1985 DC RESEARCH AND EDUCATION FOR THE BUSINESS EVENTS INDUSTRY. 19 19 0 115 0 0 1348959 2054374 0 0 472022 485667 -767157 -83500 1053824 2456541 633322 706085 0 0 0 0 0 0 23779 531356 1742884 1164678 2448969 -110854 7572 8536458 7175357 3859820 2093079 4676638 5082278 FUNDRAISING AND GRANT GIVING, FOCUSED ON EDUCATION AND RESEARCH THAT WILL BENEFIT THE BUSINESS EVENTS INDUSTRY. 0 0 1376046 706085 GRANT GIVING - TO SUPPORT EDUCATION, RESEARCH AND SCHOLARSHIPS IN THE BUSINESS EVENTS INDUSTRY. 1376046 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 2 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 1 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 IL X SHERRIF KARAMAT CAE 3124237210 35 EAST WACKER DRIVE STE 500 CHICAGO IL 60601 DESIREE KNIGHT CHAIR 2.00 2.00 X X 0 0 0 LEONARD HOOPS CHAIR-ELECT 2.00 2.00 X X 0 0 0 NEIL BROWNLEE SECRETARY-TREASURER 2.00 2.00 X X 0 0 0 CHARLES STARKS IMMEDIATE PAST CHAIR 2.00 2.00 X X 0 0 0 GREGG CAREN DIRECTOR 2.00 2.00 X 0 0 0 DR AMANDA CECIL DIRECTOR 2.00 2.00 X 0 0 0 SHAMEKA JENNINGS DIRECTOR 2.00 2.00 X 0 0 0 BRIAN LANDERS DIRECTOR 2.00 2.00 X 0 0 0 LAUREN PARR DIRECTOR 2.00 2.00 X 0 0 0 STEPHEN ROSE DIRECTOR 2.00 2.00 X 0 0 0 KATHLEEN WARDEN DIRECTOR 2.00 2.00 X 0 0 0 COLLEEN BISCONTI DIRECTOR 2.00 2.00 X 0 0 0 FERNANDO FONDEVILA DIRECTOR 2.00 2.00 X 0 0 0 VEEMAL GUNGADIN DIRECTOR 2.00 2.00 X 0 0 0 GLADYS O'MAHONY DIRECTOR 2.00 2.00 X 0 0 0 PETER O'NEIL DIRECTOR 2.00 2.00 X 0 0 0 ANNALISA PONCHIA BACCARA DIRECTOR 2.00 2.00 X 0 0 0 CHANTAL STURK-NADEAU DIRECTOR 2.00 2.00 X 0 0 0 PANOS TZIVANIDIS DIRECTOR 2.00 2.00 X 0 0 0 SHERRIF KARAMAT PRESIDENT & CEO 8.00 32.00 X X 0 829448 32352 MEREDITH ROLLINS CHIEF COMMUNITY OFFICER 20.00 20.00 X 0 256133 35781 0 1085581 68133 2 0 1 0 0 733403 1320971 356998 2054374 163568 163568 882273 560174 322099 322099 322099 447375 733403 539781 -92406 -92406 8906 8906 8906 2456541 0 0 402167 629636 629636 76449 76449 775000 564740 210260 31500 31500 43921 43921 39952 16173 23779 13298 315 12983 11094 11094 357745 92602 265143 286267 12304 273963 117689 117689 5239 5239 OTHER - GIFTS & GRATUIT 25375 25375 LOGO MERCHANDISE 13023 13023 OTHER - DUES 1602 1602 21179 21179 2448969 1376046 1049144 23779 139268 36330 407896 82984 110066 163054 806438 43944 763 6909602 5657313 789710 564447 8536458 7175357 1404914 118223 436975 974856 17931 2000000 1000000 3859820 2093079 X 4494010 4899650 182628 182628 4676638 5082278 8536458 7175357 7572 398068 0 X 0 0 0 X 1641490 428157 414981 1348959 2054374 5887961 1641490 428157 414981 1348959 2054374 5887961 5887961 231172 214729 256739 237185 163568 1103393 26391 7169 4406 4115 8906 50987 7042341 0.83610 0.80430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 26,391. 2020 AMOUNT: $ 7,169. 2021 AMOUNT: $ 4,406. 2022 AMOUNT: $ 4,115. 2023 AMOUNT: $ 8,906. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 DUE FROM RELATED ENTITIES 564447 564447 LINE OF CREDIT 1000000 1000000 PART IV, LINE 2B: THE MARK HENRY SCHOLARSHIP FUND WAS ESTABLISHED BY THE GREATER MIDWEST CHAPTER. THE PURPOSE OF WHICH IS TO HELP MEMBERS NEW TO THE INDUSTRY FUND THE COSTS OF MEETING REGISTRATION AND OTHER MEETING-RELATED EXPENSES, SO THEY CAN ATTEND, EXPERIENCE AND PARTICIPATE IN OUR INDUSTRY EVENTS. THE FUNDS ARE COLLECTED BY THE PCMA FOUNDATION AND AWARDED BY A SMALL COMMITTEE ESTABLISHED BY THE GMC. THE FOUNDATION CONSIDERS ITS RELATIONSHIP WITH THE OTHER ORGANIZATION TO MEET THE ACCOUNTING DEFINITION OF AN AGENT AND, THEREFORE, DOES NOT RECOGNIZE THESE TRANSACTIONS IN ITS STATEMENT OF ACTIVITIES. FUNDS COLLECTED AND NOT YET REMITTED TO THE ORGANIZATION ARE RECORDED AS A LIABILITY. 1 EAST ASIA AND THE PACIFIC 1 2 GRANTMAKING 19899 EUROPE (INCLUDING ICELAND & GREENLAND) 1 2 GRANTMAKING 19978 2 4 0 0 2 4 39877 0 39877 COMPLIMENTARY ENROLLMENT IN ONLINE PROGRAMS OR EVENTS EAST ASIA AND THE PACIFIC 33 19899 COMPLIMENTARY ENROLLMENT IN ONLINE PROGRAMS OR EVENTS PUBLISHED COST COMPLIMENTARY ENROLLMENT IN ONLINE PROGRAMS OR EVENTS EUROPE (INCLUDING ICELAND & GREENLAND) 10 19978 COMPLIMENTARY ENROLLMENT IN ONLINE PROGRAMS OR EVENTS PUBLISHED COST 0 0 0 0 0 0 PART I, LINE 2 GRANTS AND SCHOLARSHIPS ARE AWARDED TO THOSE INVOLVED PROFESSIONALLY OR ACADEMICALLY IN THE BUSINESS EVENTS INDUSTRY TO PROVIDE SUPPORT FOR EDUCATIONALLY BASED PROJECTS THAT ALIGN WITH PCMA'S STRATEGIC PLAN OR HAVE POTENTIAL BROAD IMPACT ON THE BUSINESS EVENTS INDUSTRY AS A WHOLE. THE GRANTS COMMITTEE AND STAFF COMMITTEE REVIEW QUALIFYING APPLICATIONS AND CHOOSE QUALIFYING RECIPIENTS. PAT III, COLUMN (A) REGION: EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BRUMA, CAMBODIA TYPE OF GRANT OR ASSISTANCE: LEGAL SOCIETY SCHOLARSHIPS, CONVENING LEADERS MEMBERSHIPS, STUDENT CHAPTER AWARDS REGION: EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGUI TYPE OF GRANT OR ASSISTANCE: DEBORAH SEXTON SCHOLARSHIPS, CONVENING LEADERS MEMBERSHIP, 20 IN THEIR TWENTIES. CONVENING LEADERS EDUCATION GRANT. FOUNDATION SCHOLARS PROGRAM. PARTNERSHIP SUMMIT 493771 123421 370350 139640 1118 63738 VISIONARY AWARDS 380837 380837 158716 85095 6 306170 229145 77025 87975 34 3465 1180778 733403 447375 139640 246691 1152 152298 539781 -92406 1 TEMPLE UNIVERSITY 1803 N BROAD STREET PHILADELPHIA PA 19122 231365971 501(A) 19250 0 SCHOLARSHIPS DREXEL UNIVERSITY 3201 AECH ST PHILADELPHIA PA 19104 231352630 501(C)(3) 10902 0 SCHOLARSHIPS IOWA STATE UNIVERSITY 515 MORRILL RD AMES IA 50011 426004224 501(C)(3) 7250 0 SCHOLARSHIPS PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION 35 EAST WACKER DRIVE STE 500 CHICAGO IL 60601 362597523 501(C)(6) 230000 0 SPONSORSHIPS 2 2 PART I, LINE 2: GRANTS GIVEN TO PCMA AND CERTAIN OTHER ORGANIZATIONS ARE REQUIRED TO PROVIDE SUPPORTING DOCUMENTATION OF COMPLETED ACTIVITIES OR MILESTONES PRIOR TO RELEASING FUNDS. FUNDS GIVEN AS CHARITABLE ASSISTANCES ARE GENERALLY UNDESIGNATED SO THERE IS NO FORMAL PROCESS FOR MONITORING THOS FUNDS. SCHOLARSHIPS FOR INDIVIDUALS ARE PAID DIRECTLY TO THE APPLICABLE UNIVERSITY RATHER THAN TO THE STUDENT. GRANTS AND SCHOLARSHIPS ARE AWARDED TO THOSE INVOLVED PROFESSIONALLY OR ACADEMICALLY IN THE BISINESS EVENTS INDUSTRY TO PROVIDE SUPPORT FOR EDUCATIONALLY-BASED PROJECTS THAT ALIGN WITH PCMA'S STRATEGIC PLAN OR HAVE A POTENTIAL BROAD IMPACT ON THE BUSINESS EVENTS INDUSTRY AS A WHOLE. THE GRANTS COMMITTEE AND STAFF COMMITTEE REVIEW QUALIFYING APPLICATIONS AND CHOOSE QUALIFYING RECIPIENTS. PART II, LINE 1, COLUMN (H) 0 0 0 0 0 0 0 0 0 SHERRIF KARAMAT PRESIDENT & CEO 0 665720 0 160125 0 3603 0 22500 0 9852 0 861800 0 0 MEREDITH ROLLINS CHIEF COMMUNITY OFFICER 0 252001 0 0 0 4132 0 19197 0 16584 0 291914 0 0 PART I, LINE 3 THE COMPENSATION OF THE PRESIDENT & CEO IS DETERMINED BY THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION, A RELATED ORGANIZATION. THE FOLLOWING WERE USED BY THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION IN DETERMINING THE COMPENSATION OF THE PRESIDENT & CEO: (1) COMPENSATION SURVEY OR STUDY, AND (2) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. X AMENITIES 1 298538 FMV X FOOD & BEVERAGES 1 58460 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE COMPRISED OF THE OFFICERS OF THE BOARD, THE PRESIDENT & CEO, AND THE CHAIR OF THE GRANTS COMMITTEE. THE EXECUTIVE COMMITTEE HAS THE POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION. THE EXECUTIVE COMMITTEE MUST REPORT ITS ACTIONS TO THE BOARD AT THE NEXT SUCCEEDING BOARD MEETING AND SEEK RATIFICATION OF ITS ACTIONS. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION HAS NO EMPLOYEES AND, AS A RESULT, HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A RELATED ORGANIZATION, THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION, TO PROVIDE ALL PERSONNEL AND ADMINISTRATIVE SERVICES UNDER THIS MANAGEMENT AGREEMENT. THE FOUNDATION DELEGATES ALL MANAGEMENT DUTIES TO THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION STAFF ASSIGNED TO THE FOUNDATION'S OPERATIONS AND ADMINISTRATION. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE CORPORATE MEMBER OF THE FOUNDATION FOR THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION IS THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE CHAIR AND CHAIR-ELECT OF THE BOARD OF DIRECTORS OF THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION ARE AUTOMATICALLY APPOINTED TO THE FOUNDATION'S BOARD OF TRUSTEES. THE PRESIDENT & CEO OF THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION IS ALSO AUTOMATICALLY APPOINTED TO THE FOUNDATION'S BOARD OF TRUSTEES. TWO ADDITIONAL TRUSTEES ARE APPOINTED BY THE BOARD OF DIRECTORS OF THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT STAFF OF THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO EXECUTE A CONFLICT OF INTEREST STATEMENT FOR EACH YEAR SERVING ON THE BOARD. THIS STATEMENT INCLUDES THEIR ACKNOWLEDGMENT TO INFORM THE CHAIR IN WRITING OF ANY CHANGE IN THEIR CIRCUMSTANCES AFFECTING THEIR RELATIONSHIP TO THE ORGANIZATION. BOARD MEMBERS MAY NOT PARTICIPATE IN ANY PRIVATE BUSINESS OR PERSONAL SERVICE WITH THE ORGANIZATION EXCEPT AS PROCEDURALLY CONTROLLED TO ASSURE OPNNESS, COMPETITIVE OPPORTUNITY AND EQUAL ACCESS TO INFORMATION. IF AN ACTUAL OR POTENTIAL CONFLICT ARISES, THE CONFLICTED INDIVIDUAL WITHDRAWS FROM THE BOARD DELIBERATION, VOTING AND ACCESS TO APPLICABLE BOARD INFORMATION ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION 35 E WACKER DR STE 500 CHICAGO IL 60601 362597526 LEADING SUPERIOR & INNOVATIVE EDUCATION IL 501(C)(6) 0 PCMA SERVICES INC 35 E WACKER DR STE 500 CHICAGO IL 60601 631079617 MAGAZINE PUBLISHER AL N/A C 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0