Institute Of Certified Management Accountants Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222679694 ✦ Montvale, NJ ✦ Designated as a 501(c)(6)

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Overview

What is Institute Of Certified Management Accountants Inc?

The Institute of Certified Management Accountants Inc, based in Montville, New Jersey, serves as the primary authority for the Certified Management Accountant (CMA) and Certified in Strategy and Competitive Analysis (CSCA) designations. Their mission is to develop, administrate, and promote these certifications, validating the expertise and mastery of management accounting and finance professionals. In fiscal year 2022, they granted 11,009 CMA certificates and had 119,042 active participants. The organization's workforce consists of 16 individuals.


Official website here: www.imanet.org/cma_certification.aspx

Is Institute Of Certified Management Accountants Inc legitimate?

Institute Of Certified Management Accountants Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Institute Of Certified 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: $381,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,721,439

For more financial information, click here


Official website here: www.imanet.org/cma_certification.aspx

What is the mission statement of Institute Of Certified Management Accountants Inc?

The Institute of Certified Management Accountants Inc is dedicated to validating the mastery of management accounting and finance professionals. They accomplish this by developing, administering, and promoting certification programs. The institute grants certifications in Management Accounting (CMA) and Strategy and Competitive Analysis (CSCA). In fiscal year 2022, 11,009 CMA certificates were awarded, and the total number of active program participants reached 119,042. This professional organization serves as a significant resource for individuals seeking to advance their skills and knowledge in management accounting and finance.


Official website here: www.imanet.org/cma_certification.aspx

Who is the CEO of Institute Of Certified Management Accountants Inc?

J Stephen Mcnally Cma is the Principal Officer of Institute Of Certified Management Accountants Inc.


Official website here: www.imanet.org/cma_certification.aspx

What is the revenue of Institute Of Certified Management Accountants Inc?

Institute Of Certified Management Accountants Inc's revenue in 2022 was $20,791,467.


Official website here: www.imanet.org/cma_certification.aspx

Who are the executives of Institute Of Certified Management Accountants Inc and what are their salaries?

The average compensation at Institute Of Certified Management Accountants Inc during 2022 was $131,437. There are 16 employees and 21 volunteers at Institute Of Certified Management Accountants Inc.


Here are 12 key members and their salaries:


Doreen Remmen Cma Csca Cae (Cfo (Thru 12/21))
  • Compensation: $0
  • Related: $391,066
  • Other: $24,879
Dennis Whitney Cma (Treasurer)
  • Compensation: $376,275
  • Related: $0
  • Other: $23,559
Deborah Warner Cae Cplp (Vice President (Thru 12/21))
  • Compensation: $0
  • Related: $321,351
  • Other: $18,152
Padraig Hare Cae Cgeit (Vice President)
  • Compensation: $0
  • Related: $282,588
  • Other: $13,288
Ellen Gurevich Cae (Vice President)
  • Compensation: $0
  • Related: $265,946
  • Other: $18,979
Patricia Stefanczyk Cae (Vice President)
  • Compensation: $0
  • Related: $258,562
  • Other: $16,897
Raef Lawson (Vice President (Thru 08/21))
  • Compensation: $0
  • Related: $233,187
  • Other: $15,746
Russ Porter Cma Cfm Csca (Cfo (Beg 08/21))
  • Compensation: $0
  • Related: $141,811
  • Other: $2,047
J Stephen Mcnally Cma Cpa (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Paul Juras Cma Cpa (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Srikrishna Mankal Cma (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gwen Van Berne Cma (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.imanet.org/cma_certification.aspx

Where can I find the form 990 for Institute Of Certified Management Accountants Inc?

Institute Of Certified Management Accountants Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.imanet.org/cma_certification.aspx

Learn more at the official website: www.imanet.org/cma_certification.aspx

Mission Statement of Institute Of Certified Management Accountants Inc

The Institute of Certified Management Accountants Inc is a renowned organization dedicated to developing, administering, and promoting certification programs for management accounting and finance professionals. Its mission is to validate their mastery of the relevant body of knowledge and practical skills through these certifications.

By offering certification examinations for the Certified Management Accountant (CMA) and Certified in Strategy and Competitive Analysis (CSCA) designations, the Institute seeks to elevate these professionals' expertise in financial planning, performance management, and strategic decision-making. In fiscal year 2022, a total of 11,009 CMA certificates were granted, and the active program participants (CMAs and candidates) reached 119,042.

The Institute's commitment to excellence extends beyond certification, as it provides ongoing resources and opportunities for professional growth. Through its certification programs and various initiatives, it empowers management accounting and finance professionals to excel in their roles and contribute significantly to their organizations.

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Impact




October, 2024

The Institute of Certified Management Accountants Inc has a significant impact on the fields of management accounting and finance by providing globally recognized certifications that enhance the skills and credibility of professionals in these areas. By developing and administering examinations for designations such as the Certified Management Accountant (CMA) and Certified in Strategy and Competitive Analysis (CSCA), the Institute validates the mastery of essential knowledge and practical skills among its members.

In fiscal year 2022 alone, the Institute awarded 11,009 CMA certificates, indicating a robust commitment to professional development and excellence. Furthermore, with 119,042 active CMA program participants at the end of the fiscal year, the Institute plays a crucial role in supporting the ongoing education and career advancement of management accountants. This vibrant community not only contributes to the individual career growth of its members but also enhances the overall effectiveness and strategic capabilities of organizations in which they work.

By promoting high standards of practice and continuous improvement, the Institute fosters a culture of excellence within the industry, ultimately benefiting businesses and stakeholders through better financial decision-making and strategic planning.




This information is meant to be a general summary of Institute Of Certified 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.

Revenue
$20,791,467 (2022)
Expenses
$26,357,547 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $871,838
  • Program Service Revenue: $19,845,360
  • Gross Receipts: $24,829,671

Assets and Liabilities:

  • Total Assets: $14,001,661
  • Total Liabilities: $17,378,057
  • Net Assets: -$3,376,396

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CERTIFICATION EXAM PRO

Revenue

$19,845,360

Organization Details

Founding Year

1985

Principal Officer

J Stephen Mcnally Cma

Main Address

10 PARAGON DRIVE, MONTVALE, NJ, 07645

NTEE Category

Code: A03 - Arts

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