Events Industry Council FY2020 filing

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To strengthen the value and sustainability of our members, support the premier credential for the meeting professional, and provide a vibrant, collaborative platform to address critical issues to ensure a thriving Events Industry.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$20K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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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
2 of 5
filings with a surplus
Average deficit $104K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$20K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $552K in investments, Pt X · Ln 11–13
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $119K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$526K
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
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
$1.8M
Spent
$2.4M
Net assets
$350K
By yearFY2020–FY2024
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.4M
FY2022$1.4M
FY2023$2.1M
FY2024$2.6M
Expenses
$2.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$1.9M
FY2022$1.5M
FY2023$1.7M
FY2024$2.3M
Net assets
$350K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$350K
FY2021−$130K
FY2022−$273K
FY2023$15K
FY2024$260K

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1982.

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; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation
$20,000Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Treasurer/Chair-Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Amy Calvert$387,723$346,041$271,969$248,006$20,000

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 15aNo

Programs and updates

Empowering meeting professionals and fostering a thriving events industry through valuable resources and collaboration.

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3 programs · in their own filed words · FY2020
01

Education and Research

Leading meetings industry membership associations have come together to fund and publicize a study to quantify the meetings industry's significance to the U.S. Economy. This research is part of eic's mission to prove the profound value of the collective industry to regulators and legislators who are making decisions and taking actions…

Pt IX · col B
02

Eic Advance

Eic advance highlights the industry's advocacy efforts and adaptation and innovations necessary as it evolves, and reinforces the commitment to sustainability and an equitable future. The programme spotlights opportunities for action, upskilling and reskilling, and wellness.

Pt IX · col B
03

Certified meeting professional ("CMP")- the CMP program is designated for individuals in the meeting management industry to achieve the CMP certification. The requirements for CMP certification are based on professional experience and an academic examination.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
See all 5 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$233K
Investment incomeLn 3$79K
Money outPt IX
$2.4M
Ln 25
Owns and owesPt X
$350K
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$876K
LiabilitiesLn 26$526K
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$1.5M
Investment incomeLn 3$79K
Other incomeLn 4–11$233K
Gains on assetsLn 7$67K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$276K
Cash and savings togetherLn 1–2$276K
InvestmentsLn 11–13$552K
Land, buildings, equipmentLn 10c$22K
Other assetsLn 15$1K
Total assetsLn 16$876K
LiabilitiesLn 26$526K
Net assetsLn 32$350K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6120
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$405K$276K
InvestmentsLn 11–13$750K$552K
Land, buildings, equipmentLn 10c$41K$22K
Total assetsLn 16$1.3M$876K
LiabilitiesLn 26$390K$526K
Net assetsLn 32$919K$350K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$20K
Management feesLn 11a$1.4M
Legal feesLn 11b$30K
Accounting feesLn 11c$16K
Investment management feesLn 11f$6K
Other fees for servicesLn 11g$328K
Advertising and promotionLn 12$241K
Office expensesLn 13$139K
Information technologyLn 14$20K
TravelLn 17$18K
Conferences, conventions and meetingsLn 19$32K
InterestLn 20$3K
Depreciation, depletion and amortizationLn 22$19K
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$119K
All other expensesLn 24e$11K
Total functional expensesLn 25$2.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.6M$2.3M$256K$260K 990 PDF
FY2023 $2.1M$1.7M$373K$15K 990 PDF
FY2022 $1.4M$1.5M−$84K−$273K 990 PDF
FY2021 $1.4M$1.9M−$517K−$130K 990 PDF
FY2020 Viewing $1.8M$2.4M−$548K$350K 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 FY2020 990 (6 parts)
Part I · Summary $1,821,206 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,591$0
I-9 Program service revenuePrior year $1,935,523$1,509,339
I-10 Investment incomePrior year $21,385$79,357
I-11 Other revenuePrior year $168,403$232,510
I-12 Total revenuePrior year $2,155,902$1,821,206
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 $0$20,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,336,662$2,348,795
I-18 Total expensesPrior year $2,336,662$2,368,795
I-19 Revenue less expensesPrior year −$180,760−$547,589
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,821,206 across 6 lines filed
Lines not itemized here account for $181,858 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,509,339$1,509,339
VIII-3 Investment incomeExcluded from tax $12,409$12,409
VIII-5 RoyaltiesUnrelated business $11,758 · Excluded from tax $6,511$18,269
VIII-7 Net gain or loss on sales of assetsExcluded from tax $66,948$66,948
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $32,383$32,383
VIII-12 Total revenueRelated to mission $1,691,197 · Unrelated business $11,758 · Excluded from tax $118,251$1,821,206
Part IX · Statement of functional expenses $2,368,795 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$20,000
IX-11a Management fees$1,358,292
IX-11b Legal fees$30,114
IX-11c Accounting fees$15,570
IX-11f Investment management fees$6,120
IX-11g Other fees for services$328,193
IX-12 Advertising and promotion$241,274
IX-13 Office expenses$138,587
IX-14 Information technology$20,464
IX-17 Travel$17,901
IX-19 Conferences, conventions and meetings$32,053
IX-20 Interest$3,283
IX-22 Depreciation, depletion and amortization$19,411
IX-23 Insurance$8,028
IX-24 Other expenses (24a–d)$118,705
IX-24e All other expenses$10,800
IX-25 Total functional expenses$2,368,795
Part X · Balance sheet $875,847 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $405,044$276,484
X-4 Accounts receivableStart of year $72,471$15,100
X-9 Prepaid expenses and deferred chargesStart of year $1,340$9,320
X-10c Land, buildings and equipment, netStart of year $41,065$21,654
X-11 Publicly traded securitiesStart of year $749,759$551,887
X-15 Other assetsStart of year $30,119$1,402
X-16 Total assetsStart of year $1,308,382$875,847
X-17 Accounts payable and accrued expensesStart of year $354,888$290,529
X-26 Total liabilitiesStart of year $389,841$526,004
X-27 Net assets without donor restrictionsStart of year $918,541$349,843
X-32 Total net assets or fund balancesStart of year $918,541$349,843
X-33 Total liabilities and net assetsStart of year $1,308,382$875,847
Part XI · Reconciliation of net assets $349,843 net assets at year end
XI-1 Total revenue$1,821,206
XI-2 Total expenses$2,368,795
XI-3 Revenue less expenses−$547,589
XI-4 Net assets at start of year$918,541
XI-5 Net unrealized gains (losses) on investments−$21,109
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$349,843

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

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