Civic Intelligence

Toastmasters International

990 • Fiscal year 2020 • EIN 95-1300076

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

9127 South Jamaica Street No 400Englewood, CO 80112

(720) 439-5050

Siviq Scores

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

Liabilities / Assets

39th percentile

0.18x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.36x

Higher debt load relative to revenue than 45% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

74th percentile

17%

Higher net margin than 74% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

66th percentile

$459,805

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

56th percentile

8.1%

Faster asset growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-25%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$59,385,045

Up $4,461,690 (+8.1%) from 2019

Net Assets

Up

$48,754,849

Up $6,384,998 (+15%) from 2019

Liabilities

Down

$10,630,196

Down $1,923,308 (-15%) from 2019

Revenue

Down

$29,747,225

Down $10,098,790 (-25%) from 2019

Expenses

Down

$24,800,016

Down $14,057,151 (-36%) from 2019

Net Income

Up

$4,947,209

Up $3,958,361 (+400%) from 2019

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $36,934,855Liabilities 2010: $4,505,176Net Assets 2010: $32,429,6792010Assets 2011: $38,522,962Liabilities 2011: $6,089,608Net Assets 2011: $32,433,3542011Assets 2012: $43,272,345Liabilities 2012: $6,456,574Net Assets 2012: $36,815,7712012Assets 2013: $49,101,499Liabilities 2013: $7,172,736Net Assets 2013: $41,928,7632013Assets 2014: $50,784,606Liabilities 2014: $8,375,539Net Assets 2014: $42,409,0672014Assets 2015: $49,044,939Liabilities 2015: $8,455,222Net Assets 2015: $40,589,7172015Assets 2016: $48,437,068Liabilities 2016: $10,511,770Net Assets 2016: $37,925,2982016Assets 2017: $51,821,797Liabilities 2017: $14,911,208Net Assets 2017: $36,910,5892017Assets 2018: $52,888,859Liabilities 2018: $12,026,604Net Assets 2018: $40,862,2552018Assets 2019: $54,923,355Liabilities 2019: $12,553,504Net Assets 2019: $42,369,8512019Assets 2020: $59,385,045Liabilities 2020: $10,630,196Net Assets 2020: $48,754,8492020Assets 2021: $63,156,289Liabilities 2021: $8,372,654Net Assets 2021: $54,783,6352021Assets 2022: $59,825,147Liabilities 2022: $9,061,732Net Assets 2022: $50,763,4152022Assets 2023: $55,653,151Liabilities 2023: $10,909,049Net Assets 2023: $44,744,1022023Assets 2024: $55,432,461Liabilities 2024: $13,487,751Net Assets 2024: $41,944,7102024

Highlighted filing

2020

Assets$59,385,045
Liabilities$10,630,196
Net Assets$48,754,849

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $18,781,7672010Expenses 2011: $22,265,5872011Expenses 2012: $26,186,3682012Revenue 2013: $31,733,465Expenses 2013: $28,563,966Net Income 2013: $3,169,4992013Revenue 2014: $34,115,557Expenses 2014: $32,979,217Net Income 2014: $1,136,3402014Revenue 2015: $34,855,607Expenses 2015: $34,203,828Net Income 2015: $651,7792015Revenue 2016: $34,255,739Expenses 2016: $36,892,336Net Income 2016: -$2,636,5972016Revenue 2017: $39,906,967Expenses 2017: $41,193,184Net Income 2017: -$1,286,2172017Revenue 2018: $43,893,484Expenses 2018: $39,558,088Net Income 2018: $4,335,3962018Revenue 2019: $39,846,015Expenses 2019: $38,857,167Net Income 2019: $988,8482019Revenue 2020: $29,747,225Expenses 2020: $24,800,016Net Income 2020: $4,947,2092020Revenue 2021: $29,178,629Expenses 2021: $23,153,427Net Income 2021: $6,025,2022021Revenue 2022: $26,226,553Expenses 2022: $28,791,203Net Income 2022: -$2,564,6502022Revenue 2023: $27,945,186Expenses 2023: $34,817,361Net Income 2023: -$6,872,1752023Revenue 2024: $36,035,242Expenses 2024: $39,033,219Net Income 2024: -$2,997,9772024

Highlighted filing

2020

Revenue$29,747,225
Expenses$24,800,016
Net Income$4,947,209
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.1
Gross Receipts
$36,623,228
Mission and Program Overview

Mission

Toastmasters international is the leading movement devoted to making effective oral communication a worldwide reality. Through its member clubs, toastmasters international helps men and women learn the arts of speaking, listening and thinking-vital (continued on schedule o) skills that promote self-actualization, enhance leadership potential, foster human understanding and contribute to the betterment of mankind. It is basic to this mission that toastmasters international continually expands its worldwide network of clubs, thereby offering ever-greater numbers of people the opportunity to benefit from its programs.

Worldwide education programs to improve communication, public speaking, and leadership skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$26,383,483$25,887,982▼ $495,501
Savings and Temporary Cash Investments$14,249,075$18,556,795▲ $4,307,720
Investments in Publicly Traded Securities$8,407,942$9,212,426▲ $804,484
Cash and Non-Interest-Bearing Accounts$2,722,010$2,859,165▲ $137,155
Prepaid Expenses and Deferred Charges$2,324,529$1,297,105▼ $1,027,424
Accounts Receivable$234,674$1,069,045▲ $834,371
Inventories for Sale or Use$601,642$502,527▼ $99,115
Total Assets$54,923,355$59,385,045▲ $4,461,690
Liabilities
Deferred Revenue$8,051,600$6,208,102▼ $1,843,498
Accounts Payable and Accrued Expenses$4,501,904$2,233,579▼ $2,268,325
Unsecured Notes Loans Payable$0$2,188,515▲ $2,188,515
Total Liabilities$12,553,504$10,630,196▼ $1,923,308
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$42,349,579$48,730,401▲ $6,380,822
Net Assets With Donor Restrictions$20,272$24,448▲ $4,176
Total Net Assets Fund Balance$42,369,851$48,754,849▲ $6,384,998
Total Liabilities and Net Assets / Fund Balance$54,923,355$59,385,045▲ $4,461,690

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,918,820$1,959,270$19,878,090
Other Land Buildings$3,895,831$6,105,858$10,001,689
Land$3,614,193-$3,614,193
Equipment$459,138$812,194$1,271,332
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel RexChief Executive OfficerFT$409,216$50,589$459,805
Hamidreza FarajianChief Information OfficerFT$273,255$43,961$317,216
John BondCFO & TreasurerFT$237,490$42,228$279,718
Margaret YamamotoControllerFT$155,163$30,688$185,851
John LurquinMarketing & CommunicationsFT$146,912$32,265$179,177
Martin WalzErp Program DirectorFT$139,556$30,807$170,363
Gary KinserHuman Resources & WorkplacFT$134,840$31,222$166,062
Angela CunninghamPartnership & Development DirectorFT$133,593$19,070$152,663
Julia SiwanowiczCRM Business AnalystFT$128,093$20,027$148,120
Kathryn RynersonSecretary & Education Prg and Training DirectorFT$121,493$17,872$139,365
Nitish SacharApplication Services It DiFT$127,619$6,573$134,192

Board Members and Trustees

NameTitle
Deepak MenonImmediate Past President
Lark Doley Until Aug 20Immediate Past President
Richard PeckInternational President
Margaret PageInternational President Elect
Matt KinseyFirst Vice President
Morag Mathieson From Aug 20Second Vice President
Aletta RochatInternational Director
Anthony J Longley Until Aug 20International Director
Carol Prahinski Until Aug 20International Director
David Templeman Until Aug 20International Director
Dorothy Isa Du From Aug 20International Director
Elizabeth Nostedt From Aug 20International Director
Harold Osmundson From Aug 20International Director
Joan T Lewis Until Aug 20International Director
Karen Lucas From Aug 20International Director
Larry Marik Until Aug 20International Director
Lesley Storkey From Aug 20International Director
Melissa Mcgavick From Aug 20International Director
Mohamad a QayoomInternational Director
Naomi TakeuchiInternational Director
Roy Ganga From Aug 20International Director
Sal AsadInternational Director
Stefano S McgheeInternational Director
Sudha BalajeeInternational Director
Susan Y Zhou Until Aug 20International Director
TK O'GEARYInternational Director
Tuire Vuolasvirta Until Aug 20International Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Rr Donnelley & Sons Company3rd Party Logistics Provider35 WEST WACKER DRIVE, Chicago, IL 60601$2,755,917
Marriott InternationalHospitalityPO BOX 402642, Atlanta, GA 30384$957,209
Hpm INCTenant Construction9781 S MERIDIAN BLVD STE 120, Englewood, CO 80112$871,820
Cornerstone Ondemand INCSoftware1601 CLOVERFIELD BLVD 600S, Santa Monica, CA 90404$725,412
Freeman Audio Visual INCConvention - Audio/visual4545 WEST DAVIS STREET, Dallas, TX 75211$277,185
Revenue and Support

Revenue Composition

Contributions and Grants
$53,881
Program Service Revenue
$30,771,121
Investment Income
$359,860
Other Revenue
$-1,437,637
All Other Contributions
$53,881
Change in Net Assets
$4,947,209

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,679,309
Revenue Not Reported on Financial Statements
$67,916
Revenue Not Reported on Form 990
$3,621,150
Total Revenue per Audited Statements
$33,300,459
Total Revenue per Form 990
$29,747,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,950,483
Other Expenses$11,849,533
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$6,642,518$3,200,199-$9,842,717
All Other Expenses$1,544,096$606,997-$2,151,093
Current Officers, Directors, Trustees, and Key Employees-$1,561,131-$1,561,131
Depreciation Depletion$449,423$952,727-$1,402,150
Insurance$768,621$463,966-$1,232,587
Payroll Taxes$505,748$322,009-$827,757
Pension Plan Contributions$440,991$254,133-$695,124
Fees for Services Other$208,184$433,904-$642,088
Other Expenses$207,593$345,988-$553,581
Travel$249,704$93,057-$342,761
Fees for Services Legal-$162,625-$162,625
Occupancy-$94,339-$94,339
Office Expenses$64,220$27,376-$91,596
Fees for Services Accounting$11,259$60,835-$72,094
Fees for Service Investment Mgmnt Fees-$67,916-$67,916
Other Employee Benefits-$23,754-$23,754
Advertising$22,203--$22,203
Total Functional Expenses$15,873,478$8,926,538$0$24,800,016

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$27,772,070
Total Expenses per Form 990$24,800,016
Expenses per Audited Statements$24,732,100
Expenses Not Reported on Form 990$3,039,970
Expenses Not Reported on Financial Statements$67,916
International Activity

International Summary

Offices
0
Employees
430
Spending
$2,107,969

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Program Service and AdministrationClub Building and Leadership Training-251$885,256
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram Service and AdministrationClub Building and Leadership Training-22$302,411
North America - Canada and Mexico, But Not the United StatesProgram Service and AdministrationClub Building and Leadership Training-50$295,170
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Program Service and AdministrationClub Building and Leadership Training-21$219,349
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,Program Service and AdministrationClub Building and Leadership Training-38$200,286
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Program Service and AdministrationClub Building and Leadership Training-41$167,082
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Program Service and AdministrationClub Building and Leadership Training-2$31,201
South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador,Program Service and AdministrationClub Building and Leadership Training-5$7,214
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
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 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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

There are two classes of voting members: clubs and individual delegates at large.

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

All members of the governing body are elected by the membership. Clubs have two votes and delegates at large have one.

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

Approval by the voting membership is required for bylaw amendments and other structural changes, as stated in the bylaws.

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

Form 990 is provided to the board via electronic copy. Chief executive officer and legal counsel reviewed form 990 prior to filing and executive committee was informed during drafting.

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

On an annual basis, the executive committee reviews the disclosure forms submitted and enforces compliance as needed.

Form 990, Part VI, Section B, Line 15

The organization has a written policy in place outlining procedures for executive compensation review. The executive committee of the board annually reviews the executive compensation, although the board makes the final decision.

Form 990, Part VI, Section C, Line 19

Determination letter, form 990 and 990-t are available upon request. Form 1023 is not required to be disclosed because the application was filed before july 15, 1987 and the organization did not have a copy as of that date.

Filing and Contact Details

Filer

Filer Name
Toastmasters International
EIN
95-1300076
Phone
7204395050
Address
9127 SOUTH JAMAICA STREET NO 400, ENGLEWOOD, CO 80112

Signing Officer

Name
Daniel Rex
Title
Chief Executive Officer
Phone
7204395050
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Rex
Formed
1924
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
19
Employees
168
Volunteers
165,934

Preparer

Firm
Baker Tilly US Llp
Address
15760 VENTURA BLVD SUITE 1100, ENCINO, CA 91436
Preparer
Shashi Mirpuri
Phone
8189812600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Postage: program service expenses 346,718. Management and general expenses 9,581. Fundraising expenses 0. Total expenses 356,299. Building repairs and maintenance: program service expenses 164,054. Management and general expenses 150,149. Fundraising expenses 0. Total expenses 314,203. Transportation: program service expenses 238,086. Management and general expenses 53,118. Fundraising expenses 0. Total expenses 291,204. Internet services: program service expenses 96,308. Management and general expenses 85,092. Fundraising expenses 0. Total expenses 181,400. Miscellaneous: program service expenses 134,557. Management and general expenses 18,535. Fundraising expenses 0. Total expenses 153,092. Awards and recognition: program service expenses 98,448. Management and general expenses 2,838. Fundraising expenses 0. Total expenses 101,286. Credit card fees: program service expenses 44,208. Management and general expenses 55,795. Fundraising expenses 0. Total expenses 100,003. New member charter kits: program service expenses 95,197. Management and general expenses 0. Fundraising expenses 0. Total expenses 95,197. Audio/visual: program service expenses 76,445. Management and general expenses 15,601. Fundraising expenses 0. Total expenses 92,046. Printing: program service expenses 89,204. Management and general expenses 0. Fundraising expenses 0. Total expenses 89,204. Office equipment - repairs and maintenance: program service expenses 8,220. Management and general expenses 41,647. Fundraising expenses 0. Total expenses 49,867. Recruiting: program service expenses 0. Management and general expenses 47,181. Fundraising expenses 0. Total expenses 47,181. Translation costs: program service expenses 46,185. Management and general expenses 0. Fundraising expenses 0. Total expenses 46,185. Telephone: program service expenses 24,608. Management and general expenses 17,803. Fundraising expenses 0. Total expenses 42,411. Equipment rental: program service expenses 41,098. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,098. Dues and subscriptions: program service expenses 26,712. Management and general expenses 12,149. Fundraising expenses 0. Total expenses 38,861. Payroll processing: program service expenses 0. Management and general expenses 32,783. Fundraising expenses 0. Total expenses 32,783. Education and training: program service expenses 0. Management and general expenses 28,889. Fundraising expenses 0. Total expenses 28,889. Conference calls: program service expenses 13,949. Management and general expenses 10,835. Fundraising expenses 0. Total expenses 24,784. Employee relations: program service expenses 0. Management and general expenses 19,348. Fundraising expenses 0. Total expenses 19,348. Taxes and licenses: program service expenses 0. Management and general expenses 5,653. Fundraising expenses 0. Total expenses 5,653. Training & development: program service expenses 99. Management and general expenses 0. Fundraising expenses 0. Total expenses 99.

Financial Statement Notes

PART X, LINE 2:

The organization has been designated as tax exempt under internal revenue code section 501(c)(3) and is also exempt from state franchise taxes under section 23701(d) of the california revenue and taxation code and is not generally subject to federal or state income taxes. However, the organization is subject to income taxes on any net income related to any unrelated trade or business, regularly carried on, and not in furtherance of the organizationfs mission statement. No income tax provision has been recorded as, in the opinion of management, the net income, if any, from any unrelated trade or business is not material to the basic consolidated financial statements taken as a whole. The organization provides for tax contingencies, if any, for federal, state and local exposures relating to audit results, tax planning initiatives and compliance responsibilities. The development of these reserves requires judgments about tax issues, potential outcomes and timing. Although the outcome of these tax audits is uncertain, in management's opinion adequate provisions for income taxes have been made for potential liabilities emanating from these reviews. If actual outcomes differ materially from these estimates, they could have a material impact on the organization's results. In addition, the organization recognizes potential accrued interest and penalties related to uncertain tax positions in income tax expense. The organization does not believe it has any uncertain income tax positions that could materially affect its consolidated financial statements and has therefore determined that a liability for unrecognized tax benefits is not necessary as of december 31, 2020 or 2019. During the years ended december 31, 2020 and 2019, the organization did not recognize any amount in potential interest and penalties associated with uncertain tax positions. The following table summarizes the open tax years for each major jurisdiction: jurisdiction open tax years federal 2017-2019 state 2016-2019

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of sales of education materials 3,039,970.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Costs of sales of education materials 3,039,970.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1INTERNATIONAL PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2INTERNATIONAL PRESIDENT ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt3FIRST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECOND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6INTERNATIONAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7INTERNATIONAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8INTERNATIONAL DIRECTOR

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$55.4$13.5$41.9$36.0$39.0$3.00
2023Detailed filing. Detailed filing data is available for this year.$55.7$10.9$44.7$27.9$34.8$6.87
2022Detailed filing. Detailed filing data is available for this year.$59.8$9.06$50.8$26.2$28.8$2.56
2021Detailed filing. Detailed filing data is available for this year.$63.2$8.37$54.8$29.2$23.2$6.03
2020Detailed filing. Detailed filing data is available for this year.$59.4$10.6$48.8$29.7$24.8$4.95
2019Detailed filing. Detailed filing data is available for this year.$54.9$12.6$42.4$39.8$38.9$0.99
2018Detailed filing. Detailed filing data is available for this year.$52.9$12.0$40.9$43.9$39.6$4.34
2017Detailed filing. Detailed filing data is available for this year.$51.8$14.9$36.9$39.9$41.2$1.29
2016Detailed filing. Detailed filing data is available for this year.$48.4$10.5$37.9$34.3$36.9$2.64
2015Detailed filing. Detailed filing data is available for this year.$49.0$8.46$40.6$34.9$34.2$0.65
2014Detailed filing. Detailed filing data is available for this year.$50.8$8.38$42.4$34.1$33.0$1.14
2013Detailed filing. Detailed filing data is available for this year.$49.1$7.17$41.9$31.7$28.6$3.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.3$6.46$36.8$26.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.5$6.09$32.4$22.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.9$4.51$32.4$18.8