2025-11-14T07:52:35-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2024-01-01 529999947 FOUNDATION OF THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION FOUN 3124237262 200 E RANDOLPH ST 7150 CHICAGO IL 60601 KIMBERLY MAGGIO CHIEF FINANCIAL OFFICER 3124237262 2025-11-13 1 1 THURE ROSS CPA P00577278 6305738600 2025-11-13 2024 2025-03-06 01:10:19Z X SHERRIF KARAMAT CAE 200 E RANDOLPH ST 7150 CHICAGO IL 60601 7222548 0 X HTTPS://FOUNDATION.PCMA.ORG/ X 1985 DC RESEARCH AND EDUCATION FOR THE BUSINESS EVENTS INDUSTRY. 18 18 0 115 0 0 2054374 2100934 0 0 485667 593621 -83500 -11793 2456541 2682762 706085 689244 0 0 0 0 0 0 39332 1742884 1564729 2448969 2253973 7572 428789 7175357 6268027 2093079 2240344 5082278 4027683 FUNDRAISING AND GRANT GIVING, FOCUSED ON EDUCATION AND RESEARCH THAT WILL BENEFIT THE BUSINESS EVENTS INDUSTRY. 0 0 1371304 689244 GRANT GIVING - TO SUPPORT EDUCATION, RESEARCH AND SCHOLARSHIPS IN THE BUSINESS EVENTS INDUSTRY. 1371304 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 1 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 IL X SARAH WHITE 3124237211 200 E RANDOLPH STE 7150 CHICAGO IL 60601 LEONARD HOOPS CHAIR 2.00 2.00 X X 0 0 0 NEIL BROWNLEE CHAIR-ELECT 2.00 2.00 X X 0 0 0 KELLY RICKER SECRETARY-TREASURER 2.00 2.00 X X 0 0 0 DESIREE KNIGHT IMMEDIATE PAST CHAIR 2.00 2.00 X X 0 0 0 DEBOARAH CALDWELL DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 GREGG CAREN DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 DR AMANDA CECIL DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 PATRICK ESPINOZA DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 FERNANDO FONDEVILA DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 SHAMEKA JENNINGS DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 BRIAN LANDERS DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 GLADYS O'MAHONY DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 PETER O'NEIL DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 STEPHEN ROSE DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 PANOS TZIVANIDIS DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 AMY WALTER DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 CLIFFORD RIPPETOE DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 KATHLEEN WARDEN DIRECTOR/TRUSTEE 2.00 2.00 X 0 0 0 SHERRIF KARAMAT CEO & PRESIDENT 8.00 32.00 X 0 841782 94826 MEREDITH ROLLINS CHIEF COMMUNITY OFFICER 20.00 20.00 X 0 237487 44403 0 1079269 139229 0 0 1 0 0 935581 1165353 2100934 135085 135085 4410180 3951644 458536 458536 458536 570704 935581 588142 -17438 -17438 5645 5645 5645 2682762 0 0 581828 604427 604427 9000 9000 75817 75817 814500 594585 219915 8955 8955 36906 36906 13380 5352 8028 31304 31304 13861 277 13584 30314 30314 318476 82804 235672 109862 4394 105468 73970 73970 10219 10219 GIFTS & GRATUITIES 33452 33452 DUES 2171 2171 67359 67359 2253973 1371304 843337 39332 36330 314239 110066 70852 806438 282332 763 34452 5657313 2186252 564447 3379900 7175357 6268027 118223 802430 974856 438673 1000000 999241 2093079 2240344 X 4899650 3125992 182628 901691 5082278 4027683 7175357 6268027 428789 -27775 -1455609 0 X 0 0 0 X 428157 414981 1348959 2054374 2100934 6347405 428157 414981 1348959 2054374 2100934 6347405 6347405 214729 256739 237185 163568 135085 1007306 7169 4406 4115 8906 5645 30241 7384952 0.85950 0.83610 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 7,169. 2021 AMOUNT: $ 4,406. 2022 AMOUNT: $ 4,115. 2023 AMOUNT: $ 8,906. 2024 AMOUNT: $ 5,645. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 DUE FROM RELATED ENTITIES 3379900 3379900 LINE OF CREDIT 999241 999241 X 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. PART X, LINE 2: THE ORGANIZATION HAS APPLIED FOR AND RECEIVED EXEMPTION FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (U.S. GAAP) REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 35634 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 15922 SOUTH AMERICA 0 0 GRANTMAKING 19712 NORTH AMERICA 0 0 GRANTMAKING 4549 0 0 0 0 0 0 75817 0 75817 COMPLIMENTARY ENROLLMENT IN ONLINE PROGRAMS OR EVENTS EAST ASIA AND THE PACIFIC 47 35634 COMPLIMENTARY ENROLLMENT IN ONLINE PROGRAMS OR EVENTS PUBLISHED COST COMPLIMENTARY ENROLLMENT IN ONLINE PROGRAMS OR EVENTS EUROPE (INCLUDING ICELAND & GREENLAND) 21 15922 COMPLIMENTARY ENROLLMENT IN ONLINE PROGRAMS OR EVENTS PUBLISHED COST COMPLIMENTARY ENROLLMENT IN ONLINE PROGRAMS OR EVENTS SOUTH AMERICA 26 19712 COMPLIMENTARY ENROLLMENT IN ONLINE PROGRAMS OR EVENTS PUBLISHED COST C NORTH AMERICA 6 4549 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 629889 159049 470840 163313 74902 VISIONARY AWARDS 485823 485823 0 158177 100003 6 390573 290709 99864 87675 4072 1506285 935581 570704 163313 245852 178977 588142 -17438 1 PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION 200 E RANDOLPH ST STE 7150 CHICAGO IL 60601 362597523 501(C)(6) 230000 0 RESEARCH AND R&D GRANT 1 SPEAKING EVENT GRANT 1 9000 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 THOSE 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 BUSINESS 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 CEO & PRESIDENT 0 660831 0 147250 0 33701 0 83510 0 11316 0 936608 0 0 MEREDITH ROLLINS CHIEF COMMUNITY OFFICER 0 237487 0 0 0 0 0 24927 0 19476 0 281890 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. 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 OPENNESS, 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 PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION B 230000 ACCOUNTING RECORDS