Civic Intelligence

Financial & Insurance Conference Professionals

990 • Fiscal year 2018 • EIN 20-8216579

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 07, 2019

330 North Wabash No 2000Chicago, IL 60611

(312) 245-1023

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.19x

Higher debt load relative to assets than 43% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

39th percentile

0.21x

Higher debt load relative to revenue than 39% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Net Margin

73rd percentile

12%

Higher net margin than 73% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

10th percentile

$0

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Asset Growth

74th percentile

8.9%

Faster asset growth than 74% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

40th percentile

1.7%

Faster revenue growth than 40% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$5,241,971

Up $426,281 (+8.9%) from 2017

Net Assets

Up

$4,243,498

Up $359,514 (+9.3%) from 2017

Liabilities

Up

$998,473

Up $66,767 (+7.2%) from 2017

Revenue

Up

$4,782,245

Up $81,959 (+1.7%) from 2017

Expenses

Down

$4,230,586

Down $33,987 (-0.8%) from 2017

Net Income

Up

$551,659

Up $115,946 (+27%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,396,924Liabilities 2010: $593,043Net Assets 2010: $1,803,8812010Assets 2011: $2,581,986Liabilities 2011: $394,753Net Assets 2011: $2,187,2332011Assets 2012: $2,499,750Liabilities 2012: $203,326Net Assets 2012: $2,296,4242012Assets 2013: $2,855,632Liabilities 2013: $365,689Net Assets 2013: $2,489,9432013Assets 2014: $3,140,977Liabilities 2014: $232,234Net Assets 2014: $2,908,7432014Assets 2015: $3,572,436Liabilities 2015: $574,586Net Assets 2015: $2,997,8502015Assets 2016: $3,598,570Liabilities 2016: $315,041Net Assets 2016: $3,283,5292016Assets 2017: $4,815,690Liabilities 2017: $931,706Net Assets 2017: $3,883,9842017Assets 2018: $5,241,971Liabilities 2018: $998,473Net Assets 2018: $4,243,4982018Assets 2019: $5,463,371Liabilities 2019: $344,002Net Assets 2019: $5,119,3692019Assets 2020: $6,028,603Liabilities 2020: $440,436Net Assets 2020: $5,588,1672020Assets 2021: $5,858,048Liabilities 2021: $304,591Net Assets 2021: $5,553,4572021Assets 2022: $5,587,982Liabilities 2022: $806,745Net Assets 2022: $4,781,2372022Assets 2023: $5,785,778Liabilities 2023: $549,715Net Assets 2023: $5,236,0632023Assets 2024: $6,834,121Liabilities 2024: $1,026,018Net Assets 2024: $5,808,1032024

Highlighted filing

2018

Assets$5,241,971
Liabilities$998,473
Net Assets$4,243,498

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,129,9522010Revenue 2011: $2,693,830Expenses 2011: $2,297,961Net Income 2011: $395,8692011Expenses 2012: $3,025,6472012Revenue 2013: $3,231,236Expenses 2013: $3,087,904Net Income 2013: $143,3322013Revenue 2014: $3,388,013Expenses 2014: $2,957,089Net Income 2014: $430,9242014Revenue 2015: $3,478,962Expenses 2015: $3,279,896Net Income 2015: $199,0662015Revenue 2016: $4,158,398Expenses 2016: $3,919,388Net Income 2016: $239,0102016Revenue 2017: $4,700,286Expenses 2017: $4,264,573Net Income 2017: $435,7132017Revenue 2018: $4,782,245Expenses 2018: $4,230,586Net Income 2018: $551,6592018Revenue 2019: $4,708,837Expenses 2019: $4,160,906Net Income 2019: $547,9312019Revenue 2020: $2,400,047Expenses 2020: $2,147,985Net Income 2020: $252,0622020Revenue 2021: $2,460,356Expenses 2021: $2,681,043Net Income 2021: -$220,6872021Revenue 2022: $4,243,498Expenses 2022: $4,260,364Net Income 2022: -$16,8662022Revenue 2023: $4,559,745Expenses 2023: $4,458,887Net Income 2023: $100,8582023Revenue 2024: $5,360,031Expenses 2024: $4,764,475Net Income 2024: $595,5562024

Highlighted filing

2018

Revenue$4,782,245
Expenses$4,230,586
Net Income$551,659
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 7, 2019
Return Version
2018v3.1
Gross Receipts
$4,782,245
Mission and Program Overview

Mission

An association of insurance and financial services industry-meeting planners who exchange proven meeting management techniques and explore trends and new ideas that may enhance the value of conferences.

Financial and insurance services industry conference planners who share meeting techniques and ideas

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,571,335$2,747,660▲ $176,325
Savings and Temporary Cash Investments$583,011$1,787,104▲ $1,204,093
Cash and Non-Interest-Bearing Accounts$1,577,774$581,813▼ $995,961
Prepaid Expenses and Deferred Charges$64,651$106,501▲ $41,850
Land, Buildings, and Equipment, Net$17,944$11,611▼ $6,333
Pledges and Grants Receivable-$1,320-
Total Assets$4,815,690$5,241,971▲ $426,281
Other Assets Total$975$5,962▲ $4,987
Liabilities
Accounts Payable and Accrued Expenses$609,508$692,843▲ $83,335
Deferred Revenue$322,198$305,630▼ $16,568
Total Liabilities$931,706$998,473▲ $66,767
Net Assets / Fund Balance
Unrestricted Net Assets$3,883,984$4,243,498▲ $359,514
Total Net Assets Fund Balance$3,883,984$4,243,498▲ $359,514
Total Liabilities and Net Assets / Fund Balance$4,815,690$5,241,971▲ $426,281

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,611$7,389$19,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joe ScullyChair
Marcia MerandoChair-Elect
Caryn Taylor LuciaPast Chair
Erin LongoDirector
Katie SenkowskiDirector
Lynn SchwandtDirector
Michael BurkeDirector
Sherri LindenbergDirector
Wayne RobinsonDirector
Steve BovaExecutive Director

Highest Paid Contractors

ContractorServicesLocationCompensation
SmithBucklin Corporationmanagement330 N Wabash Avenue, Chicago, IL 60611$1,736,503
Revenue and Support

Revenue Composition

Contributions and Grants
$554,504
Program Service Revenue
$4,130,714
Investment Income
$97,027
Other Revenue
$0
All Other Contributions
$554,504
Change in Net Assets
$551,659

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table7$390,004
Other Non Cash Contri Table1$20,000
Total Noncash Contributions8$410,004

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,782,245
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-24,840
Total Revenue per Audited Statements
$4,757,405
Total Revenue per Form 990
$4,782,245
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,230,586
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$1,736,503
Conferences and Meetings---$1,610,111
Office Expenses---$121,262
Advertising---$63,301
Travel---$31,423
Insurance---$25,487
Fees for Service Investment Mgmnt Fees---$19,478
Other Expenses---$19,420
Fees for Services Accounting---$10,500
Depreciation Depletion---$6,333
Total Functional Expenses$0$0$0$4,230,586

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,397,891
Expenses per Audited Statements$4,230,586
Total Expenses per Form 990$4,230,586
Expenses Not Reported on Form 990$167,305
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$364,862

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaConference in Vancouver and Summer Symposium in TorontoFinancial and insurance services industry conference00$364,862
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Executive DirectorSteve Bova, Executive Director, is employed and paid by SmithBucklin, the association management company engaged by the Association. The total management fees for all services rendered in 2018 by the company were $1,736,503.No$1,736,503
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

The Association engaged SmithBucklin, an association management company that provided management services and headquarter facilities. During 2017, the Management company was paid $1,528,859 for services and facilities.

Form 990, Part VI, Section A, line 6

Membership in the Association consists of active members, honorary members, and hospitality partners.

Form 990, Part VI, Section A, line 7A

Members elect the Board of Directors at the annual meeting.

Form 990, Part VI, Section B, line 11B

The Form 990 and related schedules were reviewed by the Executive Director, Accounting Manager and Staff Accountant. The 990 was provided to the Board of Directors prior to filing.

Form 990, Part VI, Section B, line 12C

Each volunteer is required to sign the conflict of interest policy on an annual basis. The policy is a part of the employee training process.

Form 990, Part VI, Section C, line 19

Governing documents are made available upon request

Filing and Contact Details

Filer

Filer Name
Financial & Insurance Conference
EIN
20-8216579
Phone
3122451023
Address
330 North Wabash No 2000, Chicago, IL 60611

Signing Officer

Name
Steve Bova
Title
Executive Director
Phone
3122451023
Signed
2019-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Bova
Formed
1957
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Avenue, Chicago, IL 60643
Preparer
David J Rambo
Phone
7737794720
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

FIN 48 Note from Audited Financial Statements The Association was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(6). The taxexempt purpose of the Association and the nature in which it operates is described above. Management believes the Association continues to operate in compliance with its tax-exempt purpose. Thus, no provision for income tax has been provided for in the financial statements. The Association's Form 990, Return of Organization Exempt from Income Tax, are subject to examination by the IRS, generally for three years after they have been filed. The Association has adopted the requirements for accounting for uncertain tax positions and management has determined that the Association was not required to record a liability related to uncertain tax positions as of December 31, 2018 and 2017.

Raw XML AppendixShowing 400 of 425 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0609508
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0692843
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Financial and insurance services industry conference planners who share meeting techniques and ideas
IRS990/AdvertisingGrp/TotalAmt063301
IRS990/AllOtherContributionsAmt0554504
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Steve Bova
IRS990/BooksInCareOfDetail/PhoneNum03126734805
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0330 N Wabash Suite 2000
IRS990/BooksInCareOfDetail/USAddress/CityNm0Chicago
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060611
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd01
IRS990/CashNonInterestBearingGrp/BOYAmt01577774
IRS990/CashNonInterestBearingGrp/EOYAmt0581813
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt01610111
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt01736503
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0330 N Wabash Avenue
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Chicago
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd060611
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SmithBucklin Corporation
IRS990/ContractorCompensationGrp/ServicesDesc0management
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0554504
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt097027
IRS990/CYOtherExpensesAmt04230586
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt04130714
IRS990/CYRevenuesLessExpensesAmt0551659
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt04230586
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04782245
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt0322198
IRS990/DeferredRevenueGrp/EOYAmt0305630
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/TotalAmt06333
IRS990/Desc0The Association promotes the professional stature, competence and career growth of its members and emphasizes effective communications with those in the hospitality industry. The Association provides best practices information, education and networking opportunities to members, increasing their success and strategic value to their companies.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt010500
IRS990/FeesForServicesManagementGrp/TotalAmt01736503
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt019478
IRS990/ForeignActivitiesInd01
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Joe Scully
IRS990/Form990PartVIISectionAGrp/PersonNm1Marcia Merando
IRS990/Form990PartVIISectionAGrp/PersonNm2Caryn Taylor Lucia
IRS990/Form990PartVIISectionAGrp/PersonNm3Michael Burke
IRS990/Form990PartVIISectionAGrp/PersonNm4Sherri Lindenberg
IRS990/Form990PartVIISectionAGrp/PersonNm5Erin Longo
IRS990/Form990PartVIISectionAGrp/PersonNm6Wayne Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm7Lynn Schwandt
IRS990/Form990PartVIISectionAGrp/PersonNm8Katie Senkowski
IRS990/Form990PartVIISectionAGrp/PersonNm9Steve Bova
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair-Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt2Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Executive Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01957
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04782245
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt025487
IRS990/InvestmentIncomeGrp/ExclusionAmt097027
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt097027
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02571335
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02747660
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07389
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017944
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011611
IRS990/LandBldgEquipCostOrOtherBssAmt019000
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Association of financial and insurance conference planners who exchange meeting techniques and explore trends and new ideas that may enhance the value of conferences. The Association also promotes the professional stature of those in the hospitality industry.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03883984
IRS990/NetAssetsOrFundBalancesEOYAmt04243498
IRS990/NetUnrelatedBusTxblIncmAmt09709
IRS990/NetUnrlzdGainsLossesInvstAmt0-192145
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0410004
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OfficeExpensesGrp/TotalAmt0121262
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0975
IRS990/OtherAssetsTotalGrp/EOYAmt05962
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Education Forum
IRS990/OtherExpensesGrp/Desc1Symposium
IRS990/OtherExpensesGrp/Desc2Membership services
IRS990/OtherExpensesGrp/Desc3Board meetings
IRS990/OtherExpensesGrp/TotalAmt0296177
IRS990/OtherExpensesGrp/TotalAmt1159715
IRS990/OtherExpensesGrp/TotalAmt2130876
IRS990/OtherExpensesGrp/TotalAmt319420
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01320
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064651
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0106501
IRS990/PrincipalOfficerNm0Steve Bova
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4541800
IRS990/ProgramServiceRevenueGrp/Desc0Annual Conference
IRS990/ProgramServiceRevenueGrp/Desc1Education Forum
IRS990/ProgramServiceRevenueGrp/Desc2Member dues
IRS990/ProgramServiceRevenueGrp/Desc3Symposia
IRS990/ProgramServiceRevenueGrp/Desc4Advertising
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02728038
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1534046
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2464346
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3333605
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02728038
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1534046
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2464346
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3333605
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt470679
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt070679
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0756800
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt079003
IRS990/PYOtherExpensesAmt04264573
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03864483
IRS990/PYRevenuesLessExpensesAmt0435713
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04264573
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04700286
IRS990/ReconcilationRevenueExpnssAmt0551659
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0583011
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01787104
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0167305
IRS990ScheduleD/DonatedServicesUseFcltsAmt0167305
IRS990ScheduleD/ExpensesNotReportedAmt0167305
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04230586
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-192145
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011611
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07389
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019000
IRS990ScheduleD/RevenueNotReportedAmt0-24840
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04782245
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 Note from Audited Financial Statements The Association was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(6). The taxexempt purpose of the Association and the nature in which it operates is described above. Management believes the Association continues to operate in compliance with its tax-exempt purpose. Thus, no provision for income tax has been provided for in the financial statements. The Association's Form 990, Return of Organization Exempt from Income Tax, are subject to examination by the IRS, generally for three years after they have been filed. The Association has adopted the requirements for accounting for uncertain tax positions and management has determined that the Association was not required to record a liability related to uncertain tax positions as of December 31, 2018 and 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011611
IRS990ScheduleD/TotalExpensesPerForm990Amt04230586
IRS990ScheduleD/TotalRevenuePerForm990Amt04782245
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04757405
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04397891
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0364862
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Financial and insurance services industry conference
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Conference in Vancouver and Summer Symposium in Toronto
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0364862
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0364862
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Steve Bova
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Executive Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01736503
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Steve Bova, Executive Director, is employed and paid by SmithBucklin, the association management company engaged by the Association. The total management fees for all services rendered in 2018 by the company were $1,736,503.
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt07
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Food, Beverages, Entrainmnet for Event
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1Tourism
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0390004
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt120000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Association engaged SmithBucklin, an association management company that provided management services and headquarter facilities. During 2017, the Management company was paid $1,528,859 for services and facilities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Membership in the Association consists of active members, honorary members, and hospitality partners.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members elect the Board of Directors at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 and related schedules were reviewed by the Executive Director, Accounting Manager and Staff Accountant. The 990 was provided to the Board of Directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Each volunteer is required to sign the conflict of interest policy on an annual basis. The policy is a part of the employee training process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents are made available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04815690
IRS990/TotalAssetsEOYAmt05241971
IRS990/TotalAssetsGrp/BOYAmt04815690
IRS990/TotalAssetsGrp/EOYAmt05241971
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0554504
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04230586
IRS990/TotalGrossUBIAmt070679
IRS990/TotalLiabilitiesBOYAmt0931706
IRS990/TotalLiabilitiesEOYAmt0998473
IRS990/TotalLiabilitiesGrp/BOYAmt0931706
IRS990/TotalLiabilitiesGrp/EOYAmt0998473
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03883984
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04243498
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt04130714
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt097027
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04060035
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04782245
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt070679
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04815690
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05241971
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt031423
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03883984
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04243498
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0330 North Wabash No 2000
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060611
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.ficpnet.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Steve Bova
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum03122451023
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Financial & Insurance Conference
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Professionals
ReturnHeader/Filer/BusinessNameControlTxt0FINA
ReturnHeader/Filer/EIN0208216579
ReturnHeader/Filer/PhoneNum03122451023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.83$1.03$5.81$5.36$4.76$0.60
2023Detailed filing. Detailed filing data is available for this year.$5.79$0.55$5.24$4.56$4.46$0.10
2022Detailed filing. Detailed filing data is available for this year.$5.59$0.81$4.78$4.24$4.26$0.02
2021Detailed filing. Detailed filing data is available for this year.$5.86$0.30$5.55$2.46$2.68$0.22
2020Detailed filing. Detailed filing data is available for this year.$6.03$0.44$5.59$2.40$2.15$0.25
2019Detailed filing. Detailed filing data is available for this year.$5.46$0.34$5.12$4.71$4.16$0.55
2018Detailed filing. Detailed filing data is available for this year.$5.24$1.00$4.24$4.78$4.23$0.55
2017Summary only. Only limited summary data is available for this year.$4.82$0.93$3.88$4.70$4.26$0.44
2016Detailed filing. Detailed filing data is available for this year.$3.60$0.32$3.28$4.16$3.92$0.24
2015Detailed filing. Detailed filing data is available for this year.$3.57$0.57$3.00$3.48$3.28$0.20
2014Detailed filing. Detailed filing data is available for this year.$3.14$0.23$2.91$3.39$2.96$0.43
2013Detailed filing. Detailed filing data is available for this year.$2.86$0.37$2.49$3.23$3.09$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$0.20$2.30$3.03
2011Summary only. Only limited summary data is available for this year.$2.58$0.39$2.19$2.69$2.30$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$0.59$1.80$2.13