Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Independent Educational Consultants
990 • Fiscal year 2020 • EIN 04-2592649
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.92x
Liabilities / Revenue
74th percentile
Higher debt load relative to revenue than 74% of similar nonprofits.
Net Margin
14th percentile
Higher net margin than 14% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 11.8% of source-year revenue.
Asset Growth
92nd percentile
Faster asset growth than 92% of similar nonprofits.
Revenue Growth
14th percentile
Faster revenue growth than 14% of similar nonprofits.
Balance Sheet
Assets
Up$988,307
Up $308,026 (+45%) from 2019
Net Assets
Down$80,873
Down $246,293 (-75%) from 2019
Liabilities
Up$907,434
Up $554,319 (+157%) from 2019
Revenue And Expenses
Revenue
Down$2,059,311
Down $1,005,203 (-33%) from 2019
Expenses
Down$2,305,604
Down $504,870 (-18%) from 2019
Net Income
Down-$246,293
Down $500,333 (-197%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2019 to Jun 30, 2020
- Signed
- Feb 26, 2021
- Return Version
- 2019v5.2
- Gross Receipts
- $2,059,311
Mission and Program Overview
Mission
To promote the welfare of and exchange of information between colleges, schools, private educational agencies and independent educational consultants to the benefit of the public at large. To develop and promulgate standards, codes and recommended practices for consultants.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $414,031 | $673,920 | ▲ $259,889 |
| Accounts Receivable | $88,975 | $133,885 | ▲ $44,910 |
| Prepaid Expenses and Deferred Charges | $114,349 | $124,817 | ▲ $10,468 |
| Inventories for Sale or Use | $12,763 | $7,660 | ▼ $5,103 |
| Land, Buildings, and Equipment, Net | $8,163 | $6,025 | ▼ $2,138 |
| Total Assets | $680,281 | $988,307 | ▲ $308,026 |
| Other Assets Total | $42,000 | $42,000 | → $0 |
| Liabilities | |||
| Deferred Revenue | $289,443 | $804,102 | ▲ $514,659 |
| Accounts Payable and Accrued Expenses | $61,279 | $79,150 | ▲ $17,871 |
| Other Liabilities | $2,393 | $24,182 | ▲ $21,789 |
| Total Liabilities | $353,115 | $907,434 | ▲ $554,319 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $327,166 | $80,873 | ▼ $246,293 |
| Total Net Assets Fund Balance | $327,166 | $80,873 | ▼ $246,293 |
| Total Liabilities and Net Assets / Fund Balance | $680,281 | $988,307 | ▲ $308,026 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $6,025 | $101,328 | $107,353 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Mark Sklarow | Chief Executive Officer | FT | $219,238 | $23,873 | $243,111 |
| Sarah Brachman | Manager of Communication | FT | $102,000 | $4,080 | $106,080 |
Board Members and Trustees
| Name | Title |
|---|---|
| Ann Rossbach | Past President |
| Barbara Pasalis | President |
| Elisabeth Morgan | Director |
| Hamilton Gregg | Director |
| Ibrahim Firat | Director |
| Karen Mabie | Director |
| Kristina Dooley | Director |
| Lisa Carlton | Director |
| Lucy Pritzker | Director |
| Maite Halley | Director |
| Pamela Tedeschi | Director |
| Rebecca Grappo | Director |
| Diane Vater | Secretary-treasurer |
| Joan Wittan | VP, Committees |
| Allison Matlack | VP, Education & Training |
| Belinda Wilkerson | VP, Ethics & Prof. Practice |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $110,800
- Program Service Revenue
- $1,938,055
- Investment Income
- $5,426
- Other Revenue
- $5,030
- All Other Contributions
- $110,800
- Change in Net Assets
- $-246,293
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,245,892 |
| Salaries, Compensation, and Employee Benefits | $1,059,712 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Conferences and Meetings | - | - | - | $711,375 |
| Other Salaries and Wages | - | - | - | $677,332 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $243,112 |
| Office Expenses | - | - | - | $134,587 |
| Occupancy | - | - | - | $112,385 |
| Payroll Taxes | - | - | - | $71,774 |
| Other Employee Benefits | - | - | - | $51,772 |
| Fees for Services Other | - | - | - | $21,438 |
| Information Technology | - | - | - | $20,951 |
| Other Expenses | - | - | - | $19,463 |
| Fees for Services Accounting | - | - | - | $19,025 |
| Pension Plan Contributions | - | - | - | $15,722 |
| Insurance | - | - | - | $6,351 |
| Depreciation Depletion | - | - | - | $4,686 |
| All Other Expenses | - | - | - | $3,744 |
| Advertising | - | - | - | $3,140 |
| Travel | - | - | - | $1,897 |
| Fees for Services Legal | - | - | - | $1,815 |
| Total Functional Expenses | $0 | $0 | $0 | $2,305,604 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- In-house lobbying only
- No
- Subject to proxy tax
- Yes
Reported Spending and Taxes
| Line Item | Amount |
|---|---|
| Current Year Nondeductible Lobbying and Political Cost | $34,500 |
| Total Nondeductible Lobbying and Political Cost | $34,500 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Deferred Rent | $14,182 |
| Deferred Salary | $10,000 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- Yes
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 1
“The executive committee of ieca shall have as its primary purpose to provide general direction and policies for ieca. It shall, except as otherwise noted herein, act for, and have and exercise the authority of, the board of directors in directing the affairs of ieca between the regular meetings of the board of directors. The executive committee of the board of directors shall consist of the president, vice president for ethics and professional practices, vice president for education and training, vice president for committees, secretary/treasurer, and immediate past president. The executive committee shall approve the applications for membership in ieca, approve the appointments of the members to standing committees as consistent with these bylaws, establish special committees and exercise those powers and responsibilities delegated to it by the board of directors, and these bylaws.”
Form 990, Part VI, Section A, Line 6
“The organization is an association with individual members. Ieca offers three options for membership, based on experience: professional, associate, student. Professional: the professional membership category is for independent educational consultants who have demonstrated a professional mastery with years of experience. Professional members have voting rights. Associate: associate membership is for those new to the field of independent educational consulting, who expect to meet membership requirements within two years, or those who are transitioning into the field of independent consulting from a school or institutional position. Associate membership is nonvoting. Student: student membership is designed for graduate level students studying educational placement counseling or a related field, who are not yet advising students, have not yet established an independent educational consulting practice, and who do not yet qualify for another membership category in the association. Student membership is nonvoting.”
Form 990, Part VI, Section A, Line 7A
“The voting members of the association elect the board of directors.”
Form 990, Part VI, Section A, Line 7B
“The voting members vote to approve the organization's annual budget and any changes to the by-laws proposed by the board of directors.”
Form 990, Part VI, Section B, Line 11B
“The forms 990 and 990-t are reviewed by the ceo and accounting. The board of directors reviews the form 990 prior to filing.”
Form 990, Part VI, Section B, Line 12C
“The conflict of interest policy is reviewed annually with board members and staff. All staff and board members are required to disclose conflicts of interest on an annual basis.”
Form 990, Part VI, Section B, Line 15A
“The executive committee establishes the ceo's compensation in conjunction with its annual performance review. The executive committee considers the salaries of ceos at similar organizations as well as comments from the other board members.”
Form 990, Part VI, Section C, Line 19
“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Independent Educational Consultants
- EIN
- 04-2592649
- Phone
- 7035914850
- Address
- 3251 OLD LEE HIGHWAY NO 510, FAIRFAX, VA 22030-1504
Signing Officer
- Name
- Mark Sklarow
- Title
- CEO
- Phone
- 7035914850
- Signed
- 2021-02-26
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Mark Sklarow
- Formed
- 1976
- Legal Domicile
- Ma
- Voting Board Members
- 16
- Independent Board Members
- 16
- Employees
- 11
- Volunteers
- 200
Preparer
- Firm
- Rsm US Llp
- Address
- 2021 L STREET NW SUITE 400, WASHINGTON, DC 20036
- Preparer
- Sara Smith
- Phone
- 2022932200
Raw XML AppendixShowing 400 of 483 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDesc | 0 | TO PROMOTE THE WELFARE OF AND EXCHANGE OF INFORMATION BETWEEN COLLEGES, SCHOOLS, PRIVATE EDUCATIONAL AGENCIES AND INDEPENDENT EDUCATIONAL CONSULTANTS TO THE BENEFIT OF THE PUBLIC AT LARGE. TO DEVELOP AND PROMULGATE STANDARDS, CODES AND RECOMMENDED PRACTICES FOR CONSULTANTS. |
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| IRS990/Desc | 0 | CONFERENCES AND WORKSHOPS: NATIONAL CONFERENCES AND WORKSHOPS BRING TOGETHER BETWEEN 50 AND 1500 CONSULTANTS AND ADMISSION OFFICERS TO EXPLORE AND LEARN ABOUT THE LATEST EDUCATIONAL THEORIES. |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VP, ETHICS & PROF. PRACTICE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | VP, EDUCATION & TRAINING |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | VP, COMMITTEES |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY-TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | PAST PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | CHIEF EXECUTIVE OFFICER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | MANAGER OF COMMUNICATION |
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| IRS990/IndoorTanningServicesInd | 0 | 0 |
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| IRS990/MissionDesc | 0 | TO PROMOTE THE WELFARE OF AND EXCHANGE OF INFORMATION BETWEEN COLLEGES, SCHOOLS, PRIVATE EDUCATIONAL AGENCIES AND INDEPENDENT EDUCATIONAL CONSULTANTS TO THE BENEFIT OF THE PUBLIC AT LARGE. TO DEVELOP AND PROMULGATE STANDARDS, CODES AND RECOMMENDED PRACTICES FOR CONSULTANTS. |
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| IRS990/Organization501cInd | 0 | X |
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| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | MEMBER SERVICES: PROVIDE RESOURCES TO APPROXIMATELY 2,000 MEMBERS TO HELP THEM BETTER ASSIST THE PUBLIC. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | COMMUNICATIONS: PUBLICATIONS AND ASSISTANCE TO MEMBERSS PERTAINING TO CURRENT ISSUES IN SCHOOLS AND COLLEGES TO KEEP THEM INFORMED AND UP TO DATE IN THE EDUCATION FIELD. |
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| IRS990/PYOtherRevenueAmt | 0 | 3740 |
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| IRS990/PYTotalRevenueAmt | 0 | 3064514 |
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| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
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| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleC/AggregateReportedDuesNtcAmt | 0 | 64945 |
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| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | 0 |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | 0 |
| IRS990ScheduleC/TaxableAmt | 0 | -30445 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 6025 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 101328 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 107353 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 14182 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 10000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEFERRED RENT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DEFERRED SALARY |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 6025 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 24182 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/ClubDuesOrFeesInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 1300 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | CHIEF EXECUTIVE OFFICER |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SubstantiationRequiredInd | 0 | 1 |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | MARK SKLAROW: GYM MEMBERSHIP OF $139/MO, INCLUDED AS TAXABLE COMPENSATION |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 1A |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990ScheduleJ/WrittenEmploymentContractInd | 0 | X |
| IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd | 0 | 1 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE EXECUTIVE COMMITTEE OF IECA SHALL HAVE AS ITS PRIMARY PURPOSE TO PROVIDE GENERAL DIRECTION AND POLICIES FOR IECA. IT SHALL, EXCEPT AS OTHERWISE NOTED HEREIN, ACT FOR, AND HAVE AND EXERCISE THE AUTHORITY OF, THE BOARD OF DIRECTORS IN DIRECTING THE AFFAIRS OF IECA BETWEEN THE REGULAR MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL CONSIST OF THE PRESIDENT, VICE PRESIDENT FOR ETHICS AND PROFESSIONAL PRACTICES, VICE PRESIDENT FOR EDUCATION AND TRAINING, VICE PRESIDENT FOR COMMITTEES, SECRETARY/TREASURER, AND IMMEDIATE PAST PRESIDENT. THE EXECUTIVE COMMITTEE SHALL APPROVE THE APPLICATIONS FOR MEMBERSHIP IN IECA, APPROVE THE APPOINTMENTS OF THE MEMBERS TO STANDING COMMITTEES AS CONSISTENT WITH THESE BYLAWS, ESTABLISH SPECIAL COMMITTEES AND EXERCISE THOSE POWERS AND RESPONSIBILITIES DELEGATED TO IT BY THE BOARD OF DIRECTORS, AND THESE BYLAWS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION IS AN ASSOCIATION WITH INDIVIDUAL MEMBERS. IECA OFFERS THREE OPTIONS FOR MEMBERSHIP, BASED ON EXPERIENCE: PROFESSIONAL, ASSOCIATE, STUDENT. PROFESSIONAL: THE PROFESSIONAL MEMBERSHIP CATEGORY IS FOR INDEPENDENT EDUCATIONAL CONSULTANTS WHO HAVE DEMONSTRATED A PROFESSIONAL MASTERY WITH YEARS OF EXPERIENCE. PROFESSIONAL MEMBERS HAVE VOTING RIGHTS. ASSOCIATE: ASSOCIATE MEMBERSHIP IS FOR THOSE NEW TO THE FIELD OF INDEPENDENT EDUCATIONAL CONSULTING, WHO EXPECT TO MEET MEMBERSHIP REQUIREMENTS WITHIN TWO YEARS, OR THOSE WHO ARE TRANSITIONING INTO THE FIELD OF INDEPENDENT CONSULTING FROM A SCHOOL OR INSTITUTIONAL POSITION. ASSOCIATE MEMBERSHIP IS NONVOTING. STUDENT: STUDENT MEMBERSHIP IS DESIGNED FOR GRADUATE LEVEL STUDENTS STUDYING EDUCATIONAL PLACEMENT COUNSELING OR A RELATED FIELD, WHO ARE NOT YET ADVISING STUDENTS, HAVE NOT YET ESTABLISHED AN INDEPENDENT EDUCATIONAL CONSULTING PRACTICE, AND WHO DO NOT YET QUALIFY FOR ANOTHER MEMBERSHIP CATEGORY IN THE ASSOCIATION. STUDENT MEMBERSHIP IS NONVOTING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE VOTING MEMBERS OF THE ASSOCIATION ELECT THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE VOTING MEMBERS VOTE TO APPROVE THE ORGANIZATION'S ANNUAL BUDGET AND ANY CHANGES TO THE BY-LAWS PROPOSED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FORMS 990 AND 990-T ARE REVIEWED BY THE CEO AND ACCOUNTING. THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH BOARD MEMBERS AND STAFF. ALL STAFF AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST ON AN ANNUAL BASIS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE EXECUTIVE COMMITTEE ESTABLISHES THE CEO'S COMPENSATION IN CONJUNCTION WITH ITS ANNUAL PERFORMANCE REVIEW. THE EXECUTIVE COMMITTEE CONSIDERS THE SALARIES OF CEOS AT SIMILAR ORGANIZATIONS AS WELL AS COMMENTS FROM THE OTHER BOARD MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 1 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $988,307
- Liabilities
- $907,434
- Net assets
- $80,873
- Revenue
- $2,059,311
- Expenses
- $2,305,604
- Net income
- -$246,293
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