Civic Intelligence

Human Resources Management Association of Chicago

990 • Fiscal year 2019 • EIN 36-2097601

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 10, 2020

330 North Wabash Avenue No 2000Chicago, IL 60611

(312) 981-6790

Siviq Scores

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

Liabilities / Assets

87th percentile

0.56x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.48x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

3rd percentile

-36%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

5th percentile

-20%

Faster asset growth than 5% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-13%

Faster revenue growth than 11% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$809,914

Down $197,770 (-20%) from 2018

Net Assets

Down

$353,809

Down $318,535 (-47%) from 2018

Liabilities

Up

$456,105

Up $120,765 (+36%) from 2018

Revenue

Down

$940,483

Down $139,196 (-13%) from 2018

Expenses

Up

$1,279,067

Up $107,864 (+9.2%) from 2018

Net Income

Down

-$338,584

Down $247,060 (-270%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,427,645Liabilities 2012: $513,916Net Assets 2012: $913,7292012Assets 2013: $1,461,837Liabilities 2013: $474,820Net Assets 2013: $987,0172013Assets 2014: $1,477,646Liabilities 2014: $417,416Net Assets 2014: $1,060,2302014Assets 2015: $1,579,599Liabilities 2015: $601,213Net Assets 2015: $978,3862015Assets 2016: $1,359,610Liabilities 2016: $403,263Net Assets 2016: $956,3472016Assets 2017: $1,275,828Liabilities 2017: $498,405Net Assets 2017: $777,4232017Assets 2018: $1,007,684Liabilities 2018: $335,340Net Assets 2018: $672,3442018Assets 2019: $809,914Liabilities 2019: $456,105Net Assets 2019: $353,8092019Assets 2020: $543,848Liabilities 2020: $268,648Net Assets 2020: $275,2002020Assets 2021: $417,345Liabilities 2021: $69,113Net Assets 2021: $348,2322021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2019

Assets$809,914
Liabilities$456,105
Net Assets$353,809

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $1,105,4052012Expenses 2013: $1,173,1952013Revenue 2014: $1,201,672Expenses 2014: $1,146,284Net Income 2014: $55,3882014Revenue 2015: $1,151,025Expenses 2015: $1,201,866Net Income 2015: -$50,8412015Revenue 2016: $1,457,492Expenses 2016: $1,471,995Net Income 2016: -$14,5032016Revenue 2017: $1,077,361Expenses 2017: $1,294,959Net Income 2017: -$217,5982017Revenue 2018: $1,079,679Expenses 2018: $1,171,203Net Income 2018: -$91,5242018Revenue 2019: $940,483Expenses 2019: $1,279,067Net Income 2019: -$338,5842019Revenue 2020: $716,781Expenses 2020: $743,661Net Income 2020: -$26,8802020Revenue 2021: $354,030Expenses 2021: $325,512Net Income 2021: $28,5182021Revenue 2022: $200,737Expenses 2022: $495,487Net Income 2022: -$294,7502022

Highlighted filing

2019

Revenue$940,483
Expenses$1,279,067
Net Income-$338,584
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 10, 2020
Return Version
2018v3.2
Gross Receipts
$2,129,700
Mission and Program Overview

Mission

To serve as a thought leader and recognized authority on workforce developments impacting the chicago area business community by providing high quality, state-of-the-art learning and development opportunities for the human resources community; facilitating the development and maintenance of professional relationships among members with a common interest in enhancing business results through people strategies; and being the professional association of choice for the greater chicago area.

Serve the specialized and ever-changing needs of hr professionals within the chicago area

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$728,736$594,910▼ $133,826
Cash and Non-Interest-Bearing Accounts$178,912$199,568▲ $20,656
Savings and Temporary Cash Investments$33,567$0▼ $33,567
Prepaid Expenses and Deferred Charges$52,837$15,436▼ $37,401
Accounts Receivable$13,632$0▼ $13,632
Total Assets$1,007,684$809,914▼ $197,770
Liabilities
Deferred Revenue$317,631$246,697▼ $70,934
Accounts Payable and Accrued Expenses$17,709$209,408▲ $191,699
Total Liabilities$335,340$456,105▲ $120,765
Net Assets / Fund Balance
Unrestricted Net Assets$672,344$353,809▼ $318,535
Total Net Assets Fund Balance$672,344$353,809▼ $318,535
Total Liabilities and Net Assets / Fund Balance$1,007,684$809,914▼ $197,770
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Smithbucklin CorporationManagement330 N WABASH AVENUE SUITE 2000, Chicago, IL 60611$967,533
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$939,853
Investment Income
$-8,765
Other Revenue
$9,395
Change in Net Assets
$-338,584

Audited Revenue Reconciliation

Revenue per Audited Statements
$936,696
Revenue Not Reported on Financial Statements
$3,787
Revenue Not Reported on Form 990
$20,049
Total Revenue per Audited Statements
$956,745
Total Revenue per Form 990
$940,483
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,279,067
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---$967,533
Conferences and Meetings---$171,722
Other Expenses---$31,708
All Other Expenses---$25,627
Fees for Services Other---$22,465
Information Technology---$19,034
Office Expenses---$16,472
Fees for Services Accounting---$10,450
Insurance---$6,084
Travel---$4,185
Fees for Service Investment Mgmnt Fees---$3,787
Total Functional Expenses$0$0$0$1,279,067

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,279,067
Expenses per Audited Statements$1,275,280
Total Expenses per Audited Statements$1,275,280
Expenses Not Reported on Financial Statements$3,787
Expenses Not Reported on Form 990$0
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
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
No
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Hrmac has contracted with smithbucklin corporation to manage its operations. Smithbucklin corporation is a management company which manages all aspects of the organization in accordance with hrmac's bylaws and policies. Operations may include but are not limited to administration, membership, finance and accounting, summit/tradeshow/meeting planning, education, marketing, and information technology. Smithbucklin employees provide these services.

Form 990, Part VI, Section A, Line 6

The association has various classes of membership, as determined by the board of directors: company, individual, and honorary. Company membership includes any firm or organization, association, corporation, partnership, or individual employer which meets the criteria established by the board of directors. Each member company may designate one or more company representatives. Individual membership includes any individual attending an educational institution or who is in the process of a professional transition. In addition, any representative of a government who is interested in the mission of the association is eligible to become an individual member. Honorary membership includes past chairmen who are deemed honorary members upon completion of their term as immediate past chairman.

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

Company representatvies, individual members, and honorary members are all entitled to vote for the election of members of the association's governing body. However, only company representatives and individual members have the right to hold office.

Form 990, Part VI, Section A, Line 7B

Upon the written request of five percent of the members, a special meeting may be called at any time. In addition, the amendment of the association's bylaws must be approved by a majority vote of the company representatives and individual members either voting at a regular or special meeting at which a quorum is present or by written ballot according to procedures approved by the board of directors.

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

Form 990 is prepared by independent public accountants and submitted to the association's management company for initial review. The form is then submitted to the board of directors for review and discussion prior to filing.

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

Directors are required to sign a conflict of interest statement at the beginning of their terms and reminded to disclose any conflicts of interest as they arise.

Form 990, Part VI, Section C, Line 19

The association's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Human Resource Management Association of
EIN
36-2097601
Phone
3129816790
Address
330 NORTH WABASH AVENUE NO 2000, CHICAGO, IL 60611

Signing Officer

Name
Elizabeth Hayden
Title
Treasurer
Phone
3129816790
Signed
2020-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Hills
Formed
1915
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Firm
Selden Fox Ltd
Address
619 ENTERPRISE DRIVE, OAK BROOK, IL 60523-8835
Preparer
Robert G Wujek
Phone
6309541400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The association's board of directors is responsible for the oversight of the audit and selection of an independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Hrmac follows the financial accouning standards board requirements for accounting for uncertain tax positions and has determined they are not required to record a liabiity for any such positions.

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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/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SERVE THE SPECIALIZED AND EVER-CHANGING NEEDS OF HR PROFESSIONALS WITHIN THE CHICAGO AREA BY BEING A PROVIDER OF BEST PRACTICE RESOURCES, REAL-LIFE APPLICATIONS AND A CONNECTOR TO HR PEERS AND INDUSTRY LEADERS.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-27719
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IRS990/OfficeExpensesGrp/TotalAmt016472
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
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IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/Desc0ADVERTISING
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IRS990/OtherRevenueTotalAmt09395
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0ANGELA HILLS
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IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1ANNUAL SUMMIT
IRS990/ProgramServiceRevenueGrp/Desc2NETWORKING & EDUCATION
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1328924
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2190909
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1328924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2190909
IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION AND NETWORKING - HRMAC HOSTS A VARIETY OF EDUCATION AND NETWORKING EVENTS FOR ITS MEMBERS. THESE INCLUDE VARIOUS INTEREST GROUPS REPRESENTING THE KEY FUNCTIONAL AREAS OF EMPLOYEE RELATIONS, LEARNING & DEVELOPMENT, TALENT ACQUISITION, AND TALENT & ORGANIZATION EFFECTIVENESS; AS WELL AS A LEADERSHIP FORUM TO PROVIDE RESEARCH-BASED DATA ON EMERGING TRENDS AND INSIGHTS FROM C-SUITE EXECUTIVES REPRESENTING VARIOUS INDUSTRIES.
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IRS990/PYOtherRevenueAmt08941
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt03787
IRS990ScheduleD/RevenueSubtotalAmt0936696
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HRMAC FOLLOWS THE FINANCIAL ACCOUNING STANDARDS BOARD REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND HAS DETERMINED THEY ARE NOT REQUIRED TO RECORD A LIABIITY FOR ANY SUCH POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalRevenuePerForm990Amt0940483
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01275280
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HRMAC HAS CONTRACTED WITH SMITHBUCKLIN CORPORATION TO MANAGE ITS OPERATIONS. SMITHBUCKLIN CORPORATION IS A MANAGEMENT COMPANY WHICH MANAGES ALL ASPECTS OF THE ORGANIZATION IN ACCORDANCE WITH HRMAC'S BYLAWS AND POLICIES. OPERATIONS MAY INCLUDE BUT ARE NOT LIMITED TO ADMINISTRATION, MEMBERSHIP, FINANCE AND ACCOUNTING, SUMMIT/TRADESHOW/MEETING PLANNING, EDUCATION, MARKETING, AND INFORMATION TECHNOLOGY. SMITHBUCKLIN EMPLOYEES PROVIDE THESE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION HAS VARIOUS CLASSES OF MEMBERSHIP, AS DETERMINED BY THE BOARD OF DIRECTORS: COMPANY, INDIVIDUAL, AND HONORARY. COMPANY MEMBERSHIP INCLUDES ANY FIRM OR ORGANIZATION, ASSOCIATION, CORPORATION, PARTNERSHIP, OR INDIVIDUAL EMPLOYER WHICH MEETS THE CRITERIA ESTABLISHED BY THE BOARD OF DIRECTORS. EACH MEMBER COMPANY MAY DESIGNATE ONE OR MORE COMPANY REPRESENTATIVES. INDIVIDUAL MEMBERSHIP INCLUDES ANY INDIVIDUAL ATTENDING AN EDUCATIONAL INSTITUTION OR WHO IS IN THE PROCESS OF A PROFESSIONAL TRANSITION. IN ADDITION, ANY REPRESENTATIVE OF A GOVERNMENT WHO IS INTERESTED IN THE MISSION OF THE ASSOCIATION IS ELIGIBLE TO BECOME AN INDIVIDUAL MEMBER. HONORARY MEMBERSHIP INCLUDES PAST CHAIRMEN WHO ARE DEEMED HONORARY MEMBERS UPON COMPLETION OF THEIR TERM AS IMMEDIATE PAST CHAIRMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPANY REPRESENTATVIES, INDIVIDUAL MEMBERS, AND HONORARY MEMBERS ARE ALL ENTITLED TO VOTE FOR THE ELECTION OF MEMBERS OF THE ASSOCIATION'S GOVERNING BODY. HOWEVER, ONLY COMPANY REPRESENTATIVES AND INDIVIDUAL MEMBERS HAVE THE RIGHT TO HOLD OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON THE WRITTEN REQUEST OF FIVE PERCENT OF THE MEMBERS, A SPECIAL MEETING MAY BE CALLED AT ANY TIME. IN ADDITION, THE AMENDMENT OF THE ASSOCIATION'S BYLAWS MUST BE APPROVED BY A MAJORITY VOTE OF THE COMPANY REPRESENTATIVES AND INDIVIDUAL MEMBERS EITHER VOTING AT A REGULAR OR SPECIAL MEETING AT WHICH A QUORUM IS PRESENT OR BY WRITTEN BALLOT ACCORDING TO PROCEDURES APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS PREPARED BY INDEPENDENT PUBLIC ACCOUNTANTS AND SUBMITTED TO THE ASSOCIATION'S MANAGEMENT COMPANY FOR INITIAL REVIEW. THE FORM IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND DISCUSSION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AT THE BEGINNING OF THEIR TERMS AND REMINDED TO DISCLOSE ANY CONFLICTS OF INTEREST AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ASSOCIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ASSOCIATION'S BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
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 A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
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IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0330 NORTH WABASH AVENUE NO 2000
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060611
IRS990/VotingMembersGoverningBodyCnt017
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IRS990/WebsiteAddressTxt0WWW.HRMAC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH HAYDEN

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