Human Resource Certification FY2022 filing

Alexandria, VAUnknown exempt organizationSince 2015EIN 47-2243621Revenue $18.2M in FY2022

On file with the IRShrci.org1725 Duke St 400 · Alexandria, VA

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Establish and maintain professional standards in the field of Human Resource management.

$2.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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 $1.2M a year · 6% 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
$2.6M
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8.4M
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 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
$18.2M
+1% vs prior year
Spent
$17.3M
Net assets
$26.6M
By yearFY2020–FY2024
Revenue
$18.2M
FY2022▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$16.2M
FY2021$18.0M
FY2022$18.2M
FY2023$18.1M
FY2024$22.8M
Expenses
$17.3M
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.5M
FY2021$15.7M
FY2022$17.3M
FY2023$17.8M
FY2024$22.1M
Net assets
$26.6M
FY2022▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$25.2M
FY2021$29.9M
FY2022$26.6M
FY2023$29.2M
FY2024$31.7M

From the FY2022 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

17 people listed on the 990; $2.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$701,029Pt VII · Sec A
Chief Revenue and Learning Officer
$419,683Pt VII · Sec A
Chief Financial Officer
$308,817Pt VII · Sec A
Chief Information Officer
$295,010Pt VII · Sec A
Director, Information Technology
$190,292Pt VII · Sec A
Senior Director, Marketing and Ecommerce
$178,705Pt VII · Sec A
Senior Director, Client Relations & Services
$173,660Pt VII · Sec A
Director, Learning
$159,041Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Amy Schabacker Dufrane Edd Sphr C$907,687$901,385$701,029$608,614$554,027
David Meginley$523,498$460,092$419,683$288,794$333,477
Elizabeth Haight$361,781$319,186$308,817$298,814$281,670
Christopher Scandlen$353,352$306,030$295,010$276,732$253,157
Megan Hayes$239,178$229,614———
Cristofer Brayman$208,651$196,511$178,705——
Supoj Srikittipraphat$199,360$195,976$190,292$182,428$183,853
Stephanie Runyan$196,655$192,876$159,041$149,111$147,418

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Sets and upholds professional standards for human resource management.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Certification

The institute conducts certification examinations in order to recognize professionals who have demonstrated knowledge and expertise in human resource management. These expenses are related to the exam development and administration of eight credentials from early career to senior-level HR practice.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$18.2M
Ln 12
Fees for servicesLn 2g$17.4M
Investment incomeLn 3$864K
Other incomeLn 4–11$30K
Money outPt IX
$17.3M
Ln 25
Owns and owesPt X
$26.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$35.0M
LiabilitiesLn 26$8.4M
PeoplePt VI, VII
17
listed · VII A
PaidVII A9
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$17.4M
Investment incomeLn 3$864K
Other incomeLn 4–11$30K
Gains on assetsLn 7−$42K
Total revenueLn 12$18.2M
Assets in detailPt X, end of year
CashLn 1$2.7M
SavingsLn 2$309K
Cash and savings togetherLn 1–2$3.0M
InvestmentsLn 11–13$24.4M
Land, buildings, equipmentLn 10c$4.8M
Other assetsLn 15$2.0M
Total assetsLn 16$35.0M
LiabilitiesLn 26$8.4M
Net assetsLn 32$26.6M
OperationsPt I, VI
EmployeesI 550
VolunteersI 6300
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 FY22End FY22
Cash and savingsLn 1–2$2.8M$3.0M
InvestmentsLn 11–13$28.0M$24.4M
Land, buildings, equipmentLn 10c$4.7M$4.8M
Total assetsLn 16$36.2M$35.0M
LiabilitiesLn 26$6.3M$8.4M
Net assetsLn 32$29.9M$26.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.8M
Other salaries and wagesLn 7$5.0M
Pension plan contributionsLn 8$282K
Other employee benefitsLn 9$487K
Payroll taxesLn 10$423K
Legal feesLn 11b$216K
Investment management feesLn 11f$143K
Other fees for servicesLn 11g$1.7M
Advertising and promotionLn 12$1.2M
Office expensesLn 13$686K
Information technologyLn 14$1.2M
OccupancyLn 16$355K
TravelLn 17$542K
Conferences, conventions and meetingsLn 19$167K
Depreciation, depletion and amortizationLn 22$1.7M
InsuranceLn 23$88K
Other expenses (24a–d)Ln 24$1.4M
All other expensesLn 24e$2K
Total functional expensesLn 25$17.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $22.8M$22.1M$687K$31.7M 990 PDF
FY2023 $18.1M$17.8M$373K$29.2M 990 PDF
FY2022 Viewing $18.2M$17.3M$910K$26.6M 990 PDF
FY2021 $18.0M$15.7M$2.3M$29.9M 990 PDF
FY2020 $16.2M$14.5M$1.8M$25.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $18,247,083 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,028,190$0
I-9 Program service revenuePrior year $15,941,873$17,353,111
I-10 Investment incomePrior year $972,559$863,714
I-11 Other revenuePrior year $54,164$30,258
I-12 Total revenuePrior year $17,996,786$18,247,083
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 $6,939,527$8,083,234
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,719,933$9,253,432
I-18 Total expensesPrior year $15,659,460$17,336,666
I-19 Revenue less expensesPrior year $2,337,326$910,417
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $18,247,083 across 6 lines filed
Lines not itemized here account for $5,190 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,456,043 · Unrelated business $386,103 · Excluded from tax $510,965$17,353,111
VIII-3 Investment incomeExcluded from tax $905,544$905,544
VIII-5 RoyaltiesExcluded from tax $599$599
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$41,830−$41,830
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $24,469$24,469
VIII-12 Total revenueRelated to mission $16,456,043 · Unrelated business $410,572 · Excluded from tax $1,380,468$18,247,083
Part IX · Statement of functional expenses $17,336,666 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$1,842,936
IX-7 Other salaries and wages$5,048,573
IX-8 Pension plan contributions$281,857
IX-9 Other employee benefits$487,283
IX-10 Payroll taxes$422,585
IX-11b Legal fees$215,886
IX-11f Investment management fees$142,597
IX-11g Other fees for services$1,672,115
IX-12 Advertising and promotion$1,180,006
IX-13 Office expenses$686,500
IX-14 Information technology$1,156,174
IX-16 Occupancy$354,987
IX-17 Travel$542,462
IX-19 Conferences, conventions and meetings$166,525
IX-22 Depreciation, depletion and amortization$1,678,255
IX-23 Insurance$87,582
IX-24 Other expenses (24a–d)$1,368,793
IX-24e All other expenses$1,550
IX-25 Total functional expenses$17,336,666
Part X · Balance sheet $35,034,387 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,553,872$2,739,661
X-2 Savings and temporary cash investmentsStart of year $251,239$308,541
X-4 Accounts receivableStart of year $122,885$166,427
X-9 Prepaid expenses and deferred chargesStart of year $451,814$582,846
X-10c Land, buildings and equipment, netStart of year $4,700,246$4,818,925
X-11 Publicly traded securitiesStart of year $27,952,257$24,415,958
X-15 Other assetsStart of year $122,507$2,002,029
X-16 Total assetsStart of year $36,154,820$35,034,387
X-17 Accounts payable and accrued expensesStart of year $2,668,343$3,012,273
X-19 Deferred revenueStart of year $2,916,819$2,888,425
X-25 Other liabilitiesStart of year $684,667$2,537,892
X-26 Total liabilitiesStart of year $6,269,829$8,438,590
X-27 Net assets without donor restrictionsStart of year $29,884,991$26,595,797
X-32 Total net assets or fund balancesStart of year $29,884,991$26,595,797
X-33 Total liabilities and net assetsStart of year $36,154,820$35,034,387
Part XI · Reconciliation of net assets $26,595,797 net assets at year end
XI-1 Total revenue$18,247,083
XI-2 Total expenses$17,336,666
XI-3 Revenue less expenses$910,417
XI-4 Net assets at start of year$29,884,991
XI-5 Net unrealized gains (losses) on investments−$4,199,611
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,595,797

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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