Construction Financial Management Association: Nonprofit Profile, Financials & Form 990 (EIN 36-3262211)

Revenue by fiscal year
FY2021	$69K
FY2022	$59K
FY2023	$145K
FY2024	$125K
FY2025	$162K

Net assets by fiscal year
FY2021	$57K
FY2022	$41K
FY2023	$30K
FY2024	$15K
FY2025	$16K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $165K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Rory Carlson

Director

$0Pt VII · Sec A

Daniel Cohen

Director (thru 3/31/25)

$0Pt VII · Sec A

Adam Sandefur

Director

$0Pt VII · Sec A

Ray Jess

Director (thru 3/31/25)

$0Pt VII · Sec A

Dean O'Brien

Director (thru 3/31/25)

$0Pt VII · Sec A

Alina Stavros

Director (thru 3/31/25)

$0Pt VII · Sec A

Mike Stephens

Director

$0Pt VII · Sec A

Jen Haub

President (thru 3/31/25)

$0Pt VII · Sec A

See Construction Financial Management Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates, supports, and connects construction financial professionals in Chicago.

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Provided by the organization

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3 programs · $165K · in their own filed words · FY2024

01

Monthly seminars held to educate members and provide networking opportunities.

$76Kprogram expense

02

Social activities for networking among construction professionals and other activities.

$56Kprogram expense

03

Community outreach and charitable activities focused around the construction industry and providing networking opportunities for members.

$34Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$162K

Ln 12

Fees for servicesLn 2g$83K

Gifts and grantsLn 1h$78K

Other incomeLn 4–11$1K

Money outPt IX

$165K

Ln 25

Programscol B$165K

Owns and owesPt X

$16K

net assets · Ln 32

Cash and savingsLn 1–2$36K

Total assetsLn 16$37K

LiabilitiesLn 26$20K

PeoplePt VI, VII

11

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$78K

Fundraising eventsLn 1c$27K

Fees for servicesLn 2g$83K

Other incomeLn 4–11$1K

Total revenueLn 12$162K

Assets in detailPt X, end of year

CashLn 1$36K

Cash and savings togetherLn 1–2$36K

Other assetsLn 15$500

Total assetsLn 16$37K

LiabilitiesLn 26$20K

Net assetsLn 32$16K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderMarch

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$59K	$36K
Total assetsLn 16	$64K	$37K
LiabilitiesLn 26	$49K	$20K
Net assetsLn 32	$15K	$16K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Office expensesLn 13	$50K	$50K
Information technologyLn 14	$587	$587
Conferences, conventions and meetingsLn 19	$87K	$87K
Other expenses (24a–d)Ln 24	$12K	$12K
All other expensesLn 24e	$16K	$16K
Total functional expensesLn 25	$165K	$165K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$162K	$165K	−$3K	$16K	990 PDF
FY2024	$125K			$15K	990 PDF
FY2023	$145K			$30K	990 PDF
FY2022	$59K			$41K	990 PDF
FY2021	$69K			$57K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $162,442 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $62,625$77,900

I-9 Program service revenuePrior year $29,099$83,051

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $33,510$1,491

I-12 Total revenuePrior year $125,234$162,442

I-13 Grants and similar amounts paidPrior year $10,000$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $28,558$0

I-17 Other expensesPrior year $101,954$165,449

I-18 Total expensesPrior year $140,512$165,449

I-19 Revenue less expensesPrior year −$15,278−$3,007

Part VI · Governance 7 of 7 board members independent, 4 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $162,442 across 7 lines filed

Lines not itemized here account for $9,538 of total revenue; see the IRS return.

VIII-1b Membership dues$22,490

VIII-1c Fundraising events$26,760

VIII-1f All other contributions, gifts and grants$28,650

VIII-1h Total contributions, gifts and grants$77,900

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $83,051$83,051

VIII-8 Net income from fundraising eventsExcluded from tax −$8,047−$8,047

VIII-12 Total revenueRelated to mission $83,051 · Unrelated business $0 · Excluded from tax $1,491$162,442

Part IX · Statement of functional expenses $165,449 across 5 lines filed

IX-13 Office expensesPrograms $50,203$50,203

IX-14 Information technologyPrograms $587$587

IX-19 Conferences, conventions and meetingsPrograms $87,240$87,240

IX-24 Other expenses (24a–d)Programs $11,844$11,844

IX-24e All other expensesPrograms $15,575$15,575

IX-25 Total functional expensesPrograms $165,449 · Management $0 · Fundraising $0$165,449

Part X · Balance sheet $36,630 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $59,477$36,130

X-15 Other assetsStart of year $4,646$500

X-16 Total assetsStart of year $64,123$36,630

X-17 Accounts payable and accrued expensesStart of year $29,482$20,295

X-26 Total liabilitiesStart of year $49,482$20,295

X-32 Total net assets or fund balancesStart of year $14,641$16,335

X-33 Total liabilities and net assetsStart of year $64,123$36,630

Part XI · Reconciliation of net assets $16,335 net assets at year end

XI-1 Total revenue$162,442

XI-2 Total expenses$165,449

XI-3 Revenue less expenses−$3,007

XI-4 Net assets at start of year$14,641

XI-8 Prior period adjustments$4,701

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$16,335

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Construction Financial Management Association

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Construction Financial Management Association

By the numbers

Filing history

Schedules filed Part IV