Civic Intelligence

Human Resources Management Association of Chicago

990 • Fiscal year 2021 • EIN 36-2097601

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 18, 2022

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

77th percentile

0.17x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.20x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

50th percentile

8.1%

Higher net margin than 50% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

12th percentile

-23%

Faster asset growth than 12% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-51%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$417,345

Down $126,503 (-23%) from 2020

Net Assets

Up

$348,232

Up $73,032 (+27%) from 2020

Liabilities

Down

$69,113

Down $199,535 (-74%) from 2020

Revenue

Down

$354,030

Down $362,751 (-51%) from 2020

Expenses

Down

$325,512

Down $418,149 (-56%) from 2020

Net Income

Up

$28,518

Up $55,398 (+206%) from 2020

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

2021

Assets$417,345
Liabilities$69,113
Net Assets$348,232

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

2021

Revenue$354,030
Expenses$325,512
Net Income$28,518
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 18, 2022
Return Version
2020v4.2
Gross Receipts
$482,419
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$459,485$365,834▼ $93,651
Cash and Non-Interest-Bearing Accounts$84,298$49,111▼ $35,187
Accounts Receivable-$2,400-
Prepaid Expenses and Deferred Charges$65--
Total Assets$543,848$417,345▼ $126,503
Liabilities
Deferred Revenue$212,086$61,863▼ $150,223
Accounts Payable and Accrued Expenses$56,562$7,250▼ $49,312
Total Liabilities$268,648$69,113▼ $199,535
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$275,200$348,232▲ $73,032
Total Net Assets Fund Balance$275,200$348,232▲ $73,032
Total Liabilities and Net Assets / Fund Balance$543,848$417,345▼ $126,503
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Smithbucklin CorporationManagement330 N WABASH AVENUE SUITE 2000, Chicago, IL 60611$287,957
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$331,796
Investment Income
$14,061
Other Revenue
$8,173
Change in Net Assets
$28,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$325,512
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---$287,957
Other Expenses---$9,737
Information Technology---$8,715
Fees for Services Accounting---$6,500
Office Expenses---$4,348
Insurance---$4,012
Fees for Service Investment Mgmnt Fees---$2,226
All Other Expenses---$2,017
Total Functional Expenses$0$0$0$325,512
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
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
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 (smithbucklin) to manage its operations. Smithbucklin 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, 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
Jim Mcneil
Title
Executive Vice President
Phone
3129816790
Signed
2022-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Imran Qureshi
Formed
1915
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
15

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 review 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.

Raw XML Appendix389 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/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt08173
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IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1NETWORKING & EDUCATION
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt161200
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherRevenueAmt09526
IRS990/PYProgramServiceRevenueAmt0697755
IRS990/PYRevenuesLessExpensesAmt0-26880
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0743661
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IRS990/PYTotalRevenueAmt0716781
IRS990/ReconcilationRevenueExpnssAmt028518
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/FootnoteTextInd0X
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:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HRMAC HAS CONTRACTED WITH SMITHBUCKLIN CORPORATION (SMITHBUCKLIN) TO MANAGE ITS OPERATIONS. SMITHBUCKLIN 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, 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 REVIEW 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/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalLiabilitiesGrp/BOYAmt0268648
IRS990/TotalLiabilitiesGrp/EOYAmt069113
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IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0354030
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt08173
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0417345
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0330 NORTH WABASH AVENUE NO 2000
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060611
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.HRMAC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM MCNEIL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03129816790
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HUMAN RESOURCE MANAGEMENT ASSOCIATION OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CHICAGO
ReturnHeader/Filer/BusinessNameControlTxt0HUMA
ReturnHeader/Filer/EIN0362097601
ReturnHeader/Filer/PhoneNum03129816790
ReturnHeader/Filer/USAddress/AddressLine1Txt0330 NORTH WABASH AVENUE NO 2000
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362985770
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SELDEN FOX LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0619 ENTERPRISE DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAK BROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0605238835
ReturnHeader/PreparerPersonGrp/PhoneNum06309541400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT G WUJEK
ReturnHeader/ReturnTs02022-04-22T14:12:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JIM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCNEIL
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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