Overview
What is Institute Of Management Accountants Inc?
The Institute of Management Accountants Inc, based in Montvelle, New Jersey, serves as a leading membership organization dedicated to advancing the knowledge and skills of its members in management accounting practices. With over 137,000 members worldwide in fiscal year 2022, the Institute offers various opportunities for professional development through networking events, chapters, councils, and online communities. Members can learn from one another and participate in local educational events to expand their expertise in management accounting and finance. The organization emphasizes the importance of ethical and best business practices, providing a forum for research, practice development, education, knowledge sharing, and advocacy.
Official website here: www.imanet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Institute of Management Accountants Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This score reflects the organization's strong governance practices, including a board comprised of 94% independent members and comprehensive financial oversight, which has earned them full points in various governance metrics.
The nonprofit has demonstrated a commendable commitment to program expenses, with approximately 74.92% of its finances directed towards its programs. This suggests that a significant portion of their resources is utilized effectively to achieve their mission. Additionally, the organization has established detailed policies for conflict of interest and whistleblower protections, further enhancing its credibility and operational standards.
However, it's noteworthy that the compensation for key personnel appears to be quite high, with the President & CEO earning $712,599. Such figures may raise questions regarding executive compensation in relation to the overall mission and impact of the organization. Overall, while the Institute of Management Accountants Inc shows strong performance in governance and fiscal management, potential donors may want to consider the balance of executive pay against the nonprofit's mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Institute Of Management Accountants Inc legitimate?
Institute Of Management Accountants Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of Management Accountants Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,620,184
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,658,439
For more financial information, click here
Official website here: www.imanet.org
What is the mission statement of Institute Of Management Accountants Inc?
The Institute of Management Accountants Inc serves as a platform for the advancement of research, practice development, education, and knowledge sharing in management accounting and finance. Their mission is to advocate for the highest ethical and best business practices in this field. Members of the institute are offered opportunities to expand their accounting knowledge, with a focus on management accounting, and improve their individual capabilities. Networking through chapters and councils enables members to learn from one another and engage in local educational events. Online communities provide connections among members from various regions. In fiscal year 2022, the institute boasted a year-end membership of 137,489.
Official website here: www.imanet.org
Who is the CEO of Institute Of Management Accountants Inc?
Jeffrey Thomson is the Principal Officer of Institute Of Management Accountants Inc. The CEO's salary of Institute Of Management Accountants Inc is $741,495 and their total compensation is $763,307.
Official website here: www.imanet.org
What is the revenue of Institute Of Management Accountants Inc?
Institute Of Management Accountants Inc's revenue in 2022 was $21,584,629.
Official website here: www.imanet.org
Who are the executives of Institute Of Management Accountants Inc and what are their salaries?
The average compensation at Institute Of Management Accountants Inc during 2022 was $126,191. There are 129 employees and 2300 volunteers at Institute Of Management Accountants Inc.
Here are 45 key members and their salaries (Institute Of Management Accountants Inc's CEO's salary is $741,495 and their total compensation is $763,307):
- Compensation: $741,495
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- Compensation: $321,351
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- Other: $18,152
- Compensation: $282,588
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- Compensation: $265,946
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- Compensation: $258,562
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- Other: $16,897
- Compensation: $233,187
- Related: $0
- Other: $15,746
- Compensation: $194,479
- Related: $0
- Other: $15,661
Official website here: www.imanet.org
Where can I find the form 990 for Institute Of Management Accountants Inc?
Institute Of Management Accountants Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.imanet.org
Learn more at the official website: www.imanet.org
Mission Statement of Institute Of Management Accountants Inc
The Institute of Management Accountants Inc serves as a hub for fostering research, practice development, education, and knowledge sharing in the realm of management accounting and finance. Established with a mission to advocate for the highest ethical and best business practices, this organization offers a platform where members can expand their understanding of accounting methods, with a particular emphasis on management accounting.
Through its membership services, the Institute of Management Accountants Inc empowers its members by providing them with opportunities to enhance their knowledge and capabilities in management accounting. Networking through chapters and councils offers members the chance to learn from one another and engage in local educational events. Furthermore, online communities connect members from diverse regions, fostering a global network of professionals dedicated to advancing their expertise. In the fiscal year 2022, the organization boasted a year-end membership of 137,489 individuals.
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Impact
October, 2024
The Institute of Management Accountants Inc significantly influences the field of management accounting and finance by fostering an environment of research, education, and professional development. It serves as a vital forum where members can enhance their understanding of accounting practices, specifically focusing on management accounting.
Through its comprehensive membership services, the Institute provides valuable opportunities for individuals to improve their knowledge and skills, thereby elevating their professional capabilities. Its networking initiatives, facilitated through regional chapters and councils, allow members to share insights, learn from peers, and engage in local educational events. This collaborative atmosphere nurtures community improvement and strengthens professional ties within the industry.
Additionally, the Institute's commitment to the highest ethical standards and best business practices promotes integrity across the management accounting profession. By advocating for ethical practices and facilitating knowledge sharing, the Institute plays a crucial role in shaping the future of finance management and accounting practices, impacting thousands of professionals, evidenced by its considerable membership of 137,489 in fiscal year 2022.
This information is meant to be a general summary of Institute Of Management Accountants Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,369,738
- Program Service Revenue: $19,234,952
- Gross Receipts: $27,641,934
Assets and Liabilities:
- Total Assets: $56,534,906
- Total Liabilities: $47,457,118
- Net Assets: $9,077,788
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$16,762,656
CONFERENCES
Revenue
$1,640,550
EDUCATION PROGRAMS
Revenue
$613,556
SUBSCRIPTIONS
Revenue
$218,190
Organization Details
Founding Year
1919
Phone
(201) 573-9000Principal Officer
Jeffrey Thomson
Main Address
10 PARAGON DRIVE, MONTVALE, NJ, 07645
Website
www.imanet.orgNTEE Category
Code: S410 - Community improvement
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