Civic Intelligence

International Municipal Signal Association Inc

EIN 81-2548753 • 501(c)3 • Rockledge, FL

Profile

Delivering value for members by providing the latest information and education in the industry.

597 Haverty CT 100Rockledge, FL 32955
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.19x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.23x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

32nd percentile

-3.0%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$155,578

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

40th percentile

0.3%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

5.4%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,499,416

Up $475,728 (+24%) from 2022

Liabilities

Up

$532,119

Up $154,429 (+41%) from 2022

Net Assets

Up

$1,967,297

Up $321,299 (+20%) from 2022

Revenue

Up

$1,998,221

Up $231,893 (+13%) from 2022

Expenses

Up

$1,730,414

Up $146,768 (+9.3%) from 2022

Net Income

Up

$267,807

Up $85,125 (+47%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2018: $1,698,630Liabilities 2018: $601,096Net Assets 2018: $1,097,5342018Assets 2019: $1,800,226Liabilities 2019: $693,052Net Assets 2019: $1,107,1742019Assets 2020: $1,907,249Liabilities 2020: $601,738Net Assets 2020: $1,305,5112020Assets 2021: $2,268,842Liabilities 2021: $627,600Net Assets 2021: $1,641,2422021Assets 2022: $2,023,688Liabilities 2022: $377,690Net Assets 2022: $1,645,9982022Assets 2023: $2,499,416Liabilities 2023: $532,119Net Assets 2023: $1,967,2972023

Highlighted filing

2023

Assets$2,499,416
Liabilities$532,119
Net Assets$1,967,297

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2018: $1,289,344Expenses 2018: $1,839,459Net Income 2018: -$550,1152018Revenue 2019: $1,727,303Expenses 2019: $1,720,464Net Income 2019: $6,8392019Revenue 2020: $1,316,763Expenses 2020: $1,163,851Net Income 2020: $152,9122020Revenue 2021: $1,593,519Expenses 2021: $1,379,519Net Income 2021: $214,0002021Revenue 2022: $1,766,328Expenses 2022: $1,583,646Net Income 2022: $182,6822022Revenue 2023: $1,998,221Expenses 2023: $1,730,414Net Income 2023: $267,8072023

Highlighted filing

2023

Revenue$1,998,221
Expenses$1,730,414
Net Income$267,807

Filings

Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Nov 1, 2021 to Oct 31, 2022
Signed
Mar 15, 2023
Return Version
2021v4.2
Gross Receipts
$3,190,551
Mission and Program Overview

Mission

Delivering value for members by providing the latest information andeducation in the industry.

The leading international resource for public safety information, education and certification.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,386,114$1,256,596▼ $129,518
Savings and Temporary Cash Investments$50,561$301,658▲ $251,097
Cash and Non-Interest-Bearing Accounts$614,451$222,980▼ $391,471
Land, Buildings, and Equipment, Net$108,795$71,188▼ $37,607
Prepaid Expenses and Deferred Charges$71,714$57,000▼ $14,714
Accounts Receivable$37,207$53,331▲ $16,124
Total Assets$2,268,842$2,023,688▼ $245,154
Other Assets Total$0$60,935▲ $60,935
Liabilities
Deferred Revenue$208,172$185,407▼ $22,765
Accounts Payable and Accrued Expenses$132,442$124,941▼ $7,501
Other Liabilities$286,986$67,342▼ $219,644
Total Liabilities$627,600$377,690▼ $249,910
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,641,242$1,645,998▲ $4,756
Total Net Assets Fund Balance$1,641,242$1,645,998▲ $4,756
Total Liabilities and Net Assets / Fund Balance$2,268,842$2,023,688▼ $245,154

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,783$223,396$237,179
Other Land Buildings$25,978$48,037$74,015
Leasehold Improvements$31,427$8,712$40,139
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Toby CummingsExecutive DirectorPT$185,715$28,812$214,527

Board Members and Trustees

NameTitle
John Tyson EvatzPast President (beg. 7/2022)
Dan MichalakPast President (until 7/2022)
Kevin MusickPresident (beg. 7/2022)
Michael C LicalziPresident Elect
Guy T Petinga IiDirector-at-large
Stephen D MayDirector-at-large
Craig MackenzieDirector-at-large (beg. 7/2022)
David R EdwardsDirector-at-large (beg. 7/2022)
Sergio J MontanoDirector-at-large (thru 7/2022)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,727,679
Investment Income
$7,395
Other Revenue
$31,254
Change in Net Assets
$182,682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,115,823
Salaries, Compensation, and Employee Benefits$466,823
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$302,297--$302,297
Other Salaries and Wages$166,908$76,137-$243,045
Current Officers, Directors, Trustees, and Key Employees$67,495$57,199-$124,694
Other Employee Benefits$40,371$22,950-$63,321
Information Technology$52,725$6,682-$59,407
Fees for Services Other$35,787$19,783-$55,570
Office Expenses$52,739$689-$53,428
Fees for Services Legal-$44,977-$44,977
Occupancy$37,832$4,391-$42,223
All Other Expenses$15,246$12,231-$27,477
Payroll Taxes$15,794$9,499-$25,293
Advertising$13,601$1,724-$15,325
Insurance$8,652$5,489-$14,141
Other Expenses$12,019--$12,019
Fees for Service Investment Mgmnt Fees-$11,412-$11,412
Pension Plan Contributions$6,964$3,506-$10,470
Fees for Services Accounting-$9,355-$9,355
Depreciation Depletion$6,468$820-$7,288
Travel-$5,265-$5,265
Grants to Domestic Individuals$1,000--$1,000
Interest$138$46-$184
Total Functional Expenses$1,291,491$292,155$0$1,583,646
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Vacation$53,578
Accrued Wages$13,000
Accrued Payroll Taxes$764
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Membership is comprised of persons employed by governmental organizations (city, state, federal, provincial, etc.) and private companies who are interested in promoting public safety.

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

Only active, public agency and life membership members ("voting members") shall have the right to vote and hold office, as limited by articles v and viii voting members shall have the right to vote in elections to the council of delegates, the president-elect of the board of directors, and in such other elections and on such other matters as the board may determine.

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the governing body.

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

Members of the governing body receive a draft of form 990 for review prior to filing.

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

The ethics committee determines code violations and sanctions. The board reviews recommendations of the committee. The board may offer opportunity to a member charged with a violation to submit written assurance that conduct in question has been terminated and will not recur. Punitive actions/sanctions are irreversable; board's decision is final. Suspension or permanent expulsion of the board member from membership in imsa may result. A board member may voluntarily resign membership on the board.

Form 990, Part VI, Section B, Line 15

The board of directors reviews the american society of association's "association executive compensation study" as well as local and regional labor and wage data.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

FORM 990, PART VII:

An administrative services and affiliation agreement provides that international municipal signal association, inc. (imsa-fl) will employ staff and maintain office space. Imsa-fl will provide to imsa center for public safety certification, inc. (cfpsc, a related entity): staffing, office space, office equipment, office furniture, office supplies, office services, and other administrative support. Cfpsc will reimburse imsa-fl for the cost of the services including its proportionate share of employees' compensation, benefits and employment taxes on a monthly basis.

Filing and Contact Details

Filer

Filer Name
International Municipal Signal
EIN
81-2548753
Phone
3213920500
Address
597 HAVERTY CT 100, ROCKLEDGE, FL 32955

Signing Officer

Name
Toby Cummings
Title
Executive Director
Phone
3213920500
Signed
2023-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Toby Cummings
Formed
2016
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
17
Volunteers
137

Preparer

Firm
Efpr Group Cpas Pllc
Address
100 SOUTH CLINTON AVE SUITE 1500, ROCHESTER, NY 14604-1801
Preparer
Christopher Johnston
Phone
5854278900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change from the prior year.

Financial Statement Notes

PART X, LINE 2:

The association is exempt from federal income tax under section 501(c)(3) of the internal revenue code. However, income from certain activities, journal income, not directly related to the association's tax-exempt purpose is subject to taxation as unreltaed business income. In accordance with asc 740-10-50, accounting for uncertainty in income taxes, the association recognizes the tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management believes that the association is currently operating in compliance with the applicable requirements of the internal revenue code. Therefore, no liability for unrecognized tax benefits has been included on the association's financial statements. The exempt association's informational returns are subject to audit by various authorities.

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IRS990/MinutesOfCommitteesInd00
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IRS990/ProgSrvcAccomActy2Grp/Desc0INTERNATIONAL ANNUAL CONFERENCE AND SCHOOLS - AT THE CONFERENCE, MEMBERS BECOME EXPOSED TO THE LATEST PRODUCT INNOVATIONS AND HEAR SPEAKERS ON PUBLIC SAFETY SUBJECTS WHICH HOPEFULLY EDUCATE AND MOTIVATE. MEMBERS HAVE A CHANCE TO MEET AND EXCHANGE IDEAS WITH OTHERS IN THE PUBLIC SAFETY FIELD FROM AROUND THE WORLD.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE ASSOCIATION HAS AN AGREEMENT WITH THE PUBLIC SAFETY COORDINATION ASSOCIATES (PSCA) WHERE PSCA WILL CONDUCT ALL DESIGNATED AND CERTIFIED FREQUENCY COORDINATION SERVICES FOR THE ASSOCIATION.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0364816
IRS990/ProgSrvcAccomActyOtherGrp/Desc0IMSA JOURNAL - THE IMSA JOURNAL IS PUBLISHED AND DISTRIBUTED TO MEMBERS SIX TIMES A YEAR TO INFORM THEM OF NEW PRODUCTS AND TOOLS, TECHNOLOGICAL ADVANCES, NEW APPLICATIONS, AND NEW IDEAS IN THE PUBLIC SAFETY FIELD. IT ALSO FURNISHES CURRENT SECTION'S NEWS AND ACTIVITIES AND INFORMATION ON THE LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL LEVELS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FOR CALENDAR YEAR 2020 - OTHER INCOME INCLUDES GAIN ON EXTINGUISHMENT OF DEBT FROM THE FORGIVENESS OF THE PAYCHECK PROTECTION PROGRAM LOAN IN THE AMOUNT OF $83,263. FOR CALENDAR YEAR 2021 - OTHER INCOME INCLUDES EMPLOYEE RETENTION TAX CREDITS IN THE AMOUNT OF $29,250.
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