philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Product Development & Management Association FY2020 filing

Not tax-deductible

Minneapolis, MN501(c)(6)EIN 38-2287777Revenue $866K in FY2020

On file with the IRSpdma.org1601 Utica Ave S Ste 213, 55416-3487 · Minneapolis, MNTax-exempt since Sep 1986

This page gets seen. Tell your story. Claim this org.

To improve the effectiveness of those engaged in the Development & Management of new products.

$9K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $250K a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$9K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$76K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$866K
Spent
$737K
Net assets
$605K
By yearFY2020–FY2024
Revenue
$866K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$866K
FY2021$1.1M
FY2022$1.5M
FY2023$1.8M
FY2024$1.4M
Expenses
$737K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$737K
FY2021$990K
FY2022$1.1M
FY2023$1.2M
FY2024$1.4M
Net assets
$605K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$605K
FY2021$698K
FY2022$1.0M
FY2023$1.8M
FY2024$1.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1986.

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

Who runs it and what they're paid

10 people listed on the 990; $9K paid to officers and key staff.

Part VII, Section A · reportable compensation
$9,375Pt VII · Sec A
Mark Adkins
Vice Chair
$0Pt VII · Sec A
Susan Penta
Secretary-Treasurer
$0Pt VII · Sec A
Wayne Fisher
Director
$0Pt VII · Sec A
Sudhi Gulur
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Product Development & Management Association executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Trains product developers and managers to improve their effectiveness.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · in their own filed words · FY2020
01

Conference

Annual global conference in the fall with over 350 attendees. Product development professionals gather to network and review the latest new product development best practices. The conference also includes keynote speakers, panels, workshops, and more.

Pt IX · col B
02

Publications/Website

Pdma publishes the following: journal of product innovation management (jpim), pdma handbook of new product development (2ND edition), pdma tool book 1, 2, and 3 for new product development, and new product development for dummies.

Pt IX · col B
03

Chapter Events

Pdma sponsors local us chapters and international affiliate meetings that offer opportunities for local involvement, networking, and exchange of ideas.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$866K
Ln 12
Fees for servicesLn 2g$851K
Other incomeLn 4–11$9K
Investment incomeLn 3$5K
Money outPt IX
$737K
Ln 25
Owns and owesPt X
$605K
net assets · Ln 32
Cash and savingsLn 1–2$192K
Total assetsLn 16$681K
LiabilitiesLn 26$76K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$851K
Investment incomeLn 3$5K
Other incomeLn 4–11$9K
Gains on assetsLn 7$4K
Total revenueLn 12$866K
Assets in detailPt X, end of year
CashLn 1$192K
Cash and savings togetherLn 1–2$192K
InvestmentsLn 11–13$55K
Total assetsLn 16$681K
LiabilitiesLn 26$76K
Net assetsLn 32$605K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$108K$192K
InvestmentsLn 11–13$101K$55K
Total assetsLn 16$629K$681K
LiabilitiesLn 26$153K$76K
Net assetsLn 32$476K$605K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$9K
Management feesLn 11a$459K
Legal feesLn 11b$4K
Accounting feesLn 11c$19K
Advertising and promotionLn 12$67K
Office expensesLn 13$16K
TravelLn 17$35
Conferences, conventions and meetingsLn 19$14K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$143K
All other expensesLn 24e$2K
Total functional expensesLn 25$737K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$1.4M$38K$1.8M 990 PDF
FY2023 $1.8M$1.2M$643K$1.8M 990 PDF
FY2022 $1.5M$1.1M$353K$1.0M 990 PDF
FY2021 $1.1M$990K$84K$698K 990 PDF
FY2020 Viewing $866K$737K$129K$605K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $865,743 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,344,937$851,419
I-10 Investment incomePrior year $554$5,229
I-11 Other revenuePrior year $13,099$9,095
I-12 Total revenuePrior year $1,358,590$865,743
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $38,269$9,375
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,104,763$727,510
I-18 Total expensesPrior year $1,143,032$736,885
I-19 Revenue less expensesPrior year $215,558$128,858
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $865,743 across 5 lines filed
Lines not itemized here account for $9,434 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $839,835 · Unrelated business $2,150$841,985
VIII-3 Investment incomeExcluded from tax $1,506$1,506
VIII-5 RoyaltiesExcluded from tax $9,095$9,095
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,723$3,723
VIII-12 Total revenueRelated to mission $846,534 · Unrelated business $4,885 · Excluded from tax $14,324$865,743
Part IX · Statement of functional expenses $736,885 across 11 lines filed
IX-5 Pay of current officers, directors and key staff$9,375
IX-11a Management fees$459,279
IX-11b Legal fees$3,942
IX-11c Accounting fees$18,889
IX-12 Advertising and promotion$67,103
IX-13 Office expenses$16,156
IX-17 Travel$35
IX-19 Conferences, conventions and meetings$14,495
IX-23 Insurance$2,154
IX-24 Other expenses (24a–d)$143,185
IX-24e All other expenses$2,272
IX-25 Total functional expenses$736,885
Part X · Balance sheet $680,856 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $108,256$192,318
X-4 Accounts receivableStart of year $384,341$341,707
X-9 Prepaid expenses and deferred chargesStart of year $36,179$91,513
X-12 Other securitiesStart of year $100,554$55,318
X-16 Total assetsStart of year $629,330$680,856
X-17 Accounts payable and accrued expensesStart of year $85,218$25,649
X-19 Deferred revenueStart of year $68,076$50,313
X-26 Total liabilitiesStart of year $153,294$75,962
X-27 Net assets without donor restrictionsStart of year $476,036$604,894
X-32 Total net assets or fund balancesStart of year $476,036$604,894
X-33 Total liabilities and net assetsStart of year $629,330$680,856
Part XI · Reconciliation of net assets $604,894 net assets at year end
XI-1 Total revenue$865,743
XI-2 Total expenses$736,885
XI-3 Revenue less expenses$128,858
XI-4 Net assets at start of year$476,036
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$604,894

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.