2025-04-17T23:08:25-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 223323222 IMA RESEARCH FOUNDATION INC IMAR 2015739000 10 PARAGON DRIVE MONTVALE NJ 07645 CHRISTINE MILLAWAY CFO & SVP 2015739000 2025-04-16 1 0 DANIEL ROMANO P00504182 2125990100 2025-04-16 2023 2025-03-06 01:10:19Z MICHAEL DEPRISCO 10 PARAGON DRIVE MONTVALE NJ 07645 300350 0 X N/A X 1994 NJ TO DEVELOP AND DISSEMINATE TIMELY MANAGEMENT ACCOUNTING AND FINANCIAL (CONTINUED IN SCH O) MANAGEMENT RESEARCH FINDINGS THAT CAN BE APPLIED TO CURRENT AND EMERGING BUSINESS ISSUES. 6 4 0 40 0 0 1529 300350 0 0 0 0 0 0 1529 300350 99900 130225 0 0 0 0 0 0 0 4995 1752 104895 131977 -103366 168373 186404 401000 0 46223 186404 354777 TO DEVELOP AND DISSEMINATE TIMELY MANAGEMENT ACCOUNTING AND FINANCIAL MANAGEMENT RESEARCH FINDINGS THAT CAN BE APPLIED TO CURRENT AND EMERGING BUSINESS ISSUES. 0 0 131977 130225 0 THE IMA RESEARCH FOUNDATION EXISTS TO ADMINISTER THE RESEARCH PROGRAM OF THE CONTROLLING ORGANIZATION (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC.) RESULTING IN PUBLISHED STUDIES AND EDUCATIONAL ARTICLES. IN FISCAL YEAR 2024, 17 GRANTEES WERE AWARDED RESEARCH GRANTS, AND 1 STUDY AND AN ARTICLE WAS PUBLISHED. 131977 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X CHRISTINE MILLAWAY 2015739000 10 PARAGON DRIVE SUITE 1 MONTVALE NJ 07645 X MICHAEL DEPRISCO SECRETARY/TREASURER 0.50 39.50 X X 0 543750 18846 RICHARD T BRADY CMA CGFM PRESIDENT 1.00 8.00 X X 0 0 0 REBECCA BAKER CHAIR (BEG 05/24) 0.50 0.00 X 0 0 0 VAIRAM ARUNACHALAM COMMITTEE CHAIR 4.00 0.00 X 0 0 0 GWEN VAN BERNE CMA TRUSTEE 1.00 6.00 X 0 0 0 SUNIL S DESHMUKH CMA CBM TRUSTEE 1.00 6.00 X 0 0 0 RUSS PORTER CMA CFM CSCA CFO (THRU 08/23) 0.50 39.50 X 0 290248 17053 CHRISTINE MILLAWAY CPA CFO (BEG 11/23 - SEE SCH O) 0.50 39.50 X 0 143969 0 JEFFREY THOMSON CMA CSCA CAE FORMER SECRETARY/TREASURER 0.50 39.50 X 0 566123 49252 0 1544090 85151 0 1 1 0 0 300000 350 300350 300350 0 0 0 7941 7941 80034 80034 42250 42250 1752 1752 131977 131977 0 0 1000 1000 0 0 0 0 0 0 0 0 0 0 185404 400000 186404 401000 0 0 0 46223 0 46223 X 186404 354777 186404 354777 186404 401000 168373 0 X X 0 1 X 1 0 X X 1 INSTITUTE OF MANAGEMENT ACCOUNTANTS INC 222659674 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 DUE FROM AFFILIATES 400000 400000 DUE TO AFFILIATES 46223 46223 X PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS (ASC 740) 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 (THE "IRS") 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, 2024. 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. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS GRANT PAYMENTS 13250 EAST ASIA AND THE PACIFIC 0 0 GRANTS GRANT PAYMENTS 20000 NORTH AMERICA 0 0 GRANTS GRANT PAYMENTS 9000 0 0 0 0 0 0 42250 0 42250 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 13250 WIRE TRANSFER 0 1 0 0 0 0 0 0 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS OUTSIDE THE UNITED STATES GRANTS ARE FOR CLEARLY DEFINED RESEARCH PROJECTS IN MANAGEMENT ACCOUNTING AND RELATED FIELDS AND ARE LIMITED TO DOCTORAL STUDENTS AND RESEARCHERS. DOCTORAL STUDENTS MUST PROVIDE FACULTY ADVISOR SUPPORT FOR PROJECT. RESEARCHERS MUST BE FULL-TIME COLLEGE/UNIVERSITY FACULTY OR INDUSTRY PRACTITIONERS WITH APPROPRIATE RESEARCH EXPERIENCE, CREDENTIALS AND/OR CERTIFICATIONS. RESEARCH PROJECT PROPOSALS INCLUDE A TIMELINE AND PROGRESS REPORT(S), AND DELIVERABLES INCLUDE REPORT, PUBLICATION AND/OR PRESENTATION GEARED TOWARDS FINANCIAL PROFESSIONALS. PART II, LINE 1: METHOD USED TO ACCOUNT FOR EXPENDITURES AND GRANTS THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING. 1 MICHIGAN TECHNOLOGICAL UNIVERSITY 1400 TOWNSEND DRIVE HOUGHTON MI 49931 386005955 501(C)(3) 5700 0 RESEARCH GRANT 1 0 RESEARCH GRANT/SCHOLARSHIP 13 80034 0 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE THE UNITED STATES GRANTS ARE FOR CLEARLY DEFINED RESEARCH PROJECTS IN MANAGEMENT ACCOUNTING AND RELATED FIELDS AND ARE LIMITED TO DOCTORAL STUDENTS AND RESEARCHERS. DOCTORAL STUDENTS MUST PROVIDE FACULTY ADVISOR SUPPORT FOR PROJECT. RESEARCHERS MUST BE FULL-TIME COLLEGE/UNIVERSITY FACULTY OR INDUSTRY PRACTITIONERS WITH APPROPRIATE RESEARCH EXPERIENCE, CREDENTIALS AND/OR CERTIFICATIONS. RESEARCH PROJECT PROPOSALS INCLUDE A TIMELINE AND PROGRESS REPORT(S), AND DELIVERABLES INCLUDE REPORT, PUBLICATION AND/OR PRESENTATION GEARED TOWARDS FINANCIAL PROFESSIONALS. 0 0 0 0 0 0 0 0 0 JEFFREY THOMSON CMA CSCA CAE FORMER SECRETARY/TREASURER 0 566123 0 0 0 0 0 48021 0 1231 0 615375 0 0 MICHAEL DEPRISCO SECRETARY/TREASURER 0 543750 0 0 0 0 0 13180 0 5666 0 562596 0 0 RUSS PORTER CMA CFM CSCA CFO (THRU 08/23) 0 290248 0 0 0 0 0 11610 0 5443 0 307301 0 0 PART I, LINE 3 THE CEO AND CFO OF THE CONTROLLING AFFILIATE (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC.) ARE OFFICERS OF THE ENTITY AND THE CEO IS THE SECRETARY/TREASURER. COMPENSATION OF OFFICERS, IF ANY, ARE REVIEWED AND APPROVED BY INDEPENDENT MEMBERS OF THE CONTROLLING AFFILIATE'S BOARD ANNUALLY AFTER REVIEW OF COMPARABLE DATA AND DELIBERATION MEETINGS ARE CONTEMPORANEOUSLY RECORDED. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP SOME OF IMARF'S CURRENT OFFICERS AND DIRECTORS, AS REPORTED IN FORM 990 PART VII-A, ARE SERVING AS BOARD MEMBERS AND/OR OFFICERS OF IMA'S RELATED ENTITIES DURING TAX YEAR OF 2023. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS A COPY OF THE RETURN IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT BOARD MEMBERS, OFFICERS AND EMPLOYEES REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE IN ACCORDANCE WITH THE POLICIES AND PROCEDURES OF THE CONTROLLING AFFILIATE (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC.). THE CEO AND BOARD CHAIR OF THE ETHICS COMMITTEE OF THE CONTROLLING AFFILIATE 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 CONTROLLING AFFILIATE'S CODE OF ETHICS POLICY INCLUDE DISCIPLINARY ACTION UP TO AND INCLUDING EXPULSION. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE CEO AND CFO OF THE CONTROLLING AFFILIATE (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC.) ARE OFFICERS OF THE ENTITY AND THE CEO IS THE SECRETARY/TREASURER. COMPENSATION OF OFFICERS, IF ANY, ARE REVIEWED AND APPROVED BY INDEPENDENT MEMBERS OF THE CONTROLLING AFFILIATE'S BOARD ANNUALLY AFTER REVIEW OF COMPARABLE DATA AND DELIBERATION. MEETINGS ARE CONTEMPORANEOUSLY RECORDED. THE ORGANIZATION DOES NOT COMPENSATE ANY OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY OF THE CONTROLLING AFFILIATE (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC), AND THE ENTITY'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE CONTROLLING AFFILIATE'S WEBSITE. THE FORM 1023 IS AVAILABLE UPON WRITTEN REQUEST. THE ENTITY'S FORM 990 IS AVAILABLE ON GUIDESTAR'S WEBSITE AND UPON WRITTEN REQUEST. FORM 990, PART VII, SECTION A: CHRISTINE MILLAWAY WAS HIRED AS AN INDEPENDENT CONTRACTOR TO IMA FROM AUGUST 2023 UNTIL NOVEMBER 2023. STARTING IN NOVEMBER 2023, CHRISTINE MILLAWAY BECAME AN EMPLOYEE OF IMA. THE COMPENSATION REPORTED ON PART VII, SECTION A INCLUDES THE PAYMENT FOR HER SERVICES RENDERED AS AN INDEPENDENT CONTRACTOR AND THE SALARY PAID FOR THE FULL-TIME JOB POSITION. THERE IS NOT ADDITIONAL DEFERRED COMPENSATION AND OTHER BENEFITS INCURRED DURING CALENDAR YEAR 2023. 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. INSTITUTE OF MANAGEMENT ACCOUNTANTS INC 10 PARAGON DRIVE MONTVALE NJ 07645 222659674 EDUCATION NJ 501(C)(3) LINE 10 NONE 0 INST OF CERTIFIED MGMT ACCTS INC 10 PARAGON DRIVE MONTVALE NJ 07645 222679694 CERTIFICATION NJ 501(C)(6) IMA 0 INST OF MGMT ACCTS MEMORIAL EDU FUND 10 PARAGON DRIVE MONTVALE NJ 07645 222673344 GRANT SUPPORT NJ 501(C)(3) LINE 12A, I IMA 0 STICHTING INST OF MGMT ACCTS THE NETHERLANDS GUSTAV MAHLERPLEIN 28 AMSTERDAM NL 1082 MA 999999999 EDUCATION SUPPORT NL 501(C)(3) IMA 0 IMA SERVICES INC (IMAS) 10 PARAGON DRIVE MONTVALE NJ 07645 271144394 EDUCATION SERVICE NJ IMA C 0 BEIJING IMA MANAGEMENT CONSULTING LTD 1 E CHANGAN AVE DONGCHENG DIST BEIJING CH 100052 999999999 EDUCATION SUPPORT SERVICE CH IMAS C 0 INST OF MGMT ACCTS INDIA PRIVATE LTD 2001 URMI EST TWR A 20TH FL 95 G LOWER PAREL W MUMBAI IN 400013 999999999 EDUCATION SUPPORT SERVICE IN ICMA C 0 IMA SOUTH EAST ASIA PTE LTD 20 COLLYER QUAY 09-01 SINGAPORE SN 049319 999999999 EDUCATION SUPPORT SN IMA C 0 IMA EGYPT FOR CONSULTANCY BLDG NO 5 ZIZINIA RESORT 5TH SET NEW CAIRO EG 999999999 EDUCATION SUPPORT EG IMAICMA C 0 IMA ARABIA AL-WURUD KING ABDULLAH RD RIYADH SA 8124-12253 999999999 EDUCATION SUPPORT SA IMA C 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME OF RELATED ORGANIZATION: INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC. PRIMARY ACTIVITY: EDUCATIONAL PRODUCTS AND SERVICES IN MANAGEMENT ACCOUNTING AND RELATED FIELD.