2025-04-17T23:08:25-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 222679694 INSTITUTE OF CERTIFIED MANAGEMENT ACCOUNTANTS INC INST 2015739000 10 PARAGON DRIVE MONTVALE NJ 07645 CHRISTINE MILLAWAY CFO & SVP 2015739000 2025-04-16 1 0 DANIEL ROMANO P00504182 2125990100 2025-04-16 2023 2025-03-06 01:10:19Z RICHARD T BRADYCMACGFM 10 PARAGON DRIVE MONTVALE NJ 07645 22460940 0 X HTTPS://WWW.IMANET.ORG/EN/IMA-CERTIFICATIONS X 1985 NJ TO DEVELOP, ADMINISTER, AND PROMOTE CERTIFICATION DESIGNED TO VALIDATE (CONTINUED IN SCH O) MASTERY OF THE RELEVANT BODY OF KNOWLEDGE AND PRACTICAL SKILLS BY MANAGEMENT ACCOUNTING AND FINANCE PROFESSIONALS. 5 4 16 18 0 0 0 0 26086787 19937006 666324 721378 71513 85113 26824624 20743497 0 0 0 0 2531925 1715933 0 0 0 26922947 24058730 29454872 25774663 -2630248 -5031166 5817081 345842 11720402 11208793 -5903321 -10862951 TO DEVELOP, ADMINISTER, AND PROMOTE CERTIFICATION DESIGNED TO VALIDATE MASTERY OF THE RELEVANT BODY OF KNOWLEDGE AND PRACTICAL SKILLS BY MANAGEMENT ACCOUNTING AND FINANCE PROFESSIONALS. 0 0 THE INSTITUTE OF CERTIFIED MANAGEMENT ACCOUNTANTS, INC. EXISTS TO DEVELOP AND ADMINISTER THE EXAMINATIONS FOR THE CERTIFIED MANAGEMENT ACCOUNTANT (CMA), CERTIFIED IN STRATEGY AND COMPETITIVE ANALYSIS (CSCA), AND THE FINANCIAL AND MANAGERIAL ACCOUNTING ASSOCIATE (FMAA) DESIGNATIONS. 10,836 CMA CERTIFICATES WERE AWARDED IN FISCAL YEAR 2024, AND ACTIVE CMA PROGRAM PARTICIPANTS (CMAS AND CANDIDATES) AT FISCAL YEAR-END TOTALED 112,555. 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 16 1 0 1 IN 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X CHRISTINE MILLAWAY 2015739000 10 PARAGON DRIVE SUITE 1 MONTVALE NJ 07645 X DENNIS WHITNEY CMA TREASURER (THRU 08/23) 40.00 0.00 X X 533835 0 21523 ELLA SUPONITSKIY TREASURER (BEG 08/23) 40.00 0.00 X X 196361 0 16093 RICHARD T BRADY CMA CGFM PRESIDENT 1.00 8.00 X X 0 0 0 GWEN VAN BERNE CMA SECRETARY 1.00 6.00 X X 0 0 0 SUNIL S DESHMUKH CMA CBM MEMBER 1.00 6.00 X 0 0 0 AKOMU OMOYE OKOH CMACSCACA MEMBER 1.00 2.00 X 0 0 0 RUSS PORTER CMA CFM CSCA CFO (THRU 08/23) 0.50 39.50 X 0 290248 17053 CHRISTINE MILLAWAY CPA CFO (BEG 11/23 - SEE SCH O) 0.50 39.50 X 0 143969 0 ELLEN GUREVICH CAE VICE PRESIDENT 20.00 20.00 X 0 277252 19329 PATRICIA STEFANCZYK CAE VICE PRESIDENT 20.00 20.00 X 0 240921 16175 JACKIE OPPENHEIM VICE PRESIDENT 20.00 20.00 X 0 228700 17387 MIAOMIAO TIAN SR DIRECTOR (THRU 02/24) 20.00 20.00 X 0 199236 9722 LISA BEAUDOIN SR DIRECTOR (THRU 02/24) 20.00 20.00 X 0 193199 10026 730196 1573525 127308 9 0 1 0 0 CERTIFICATION EXAM PRO 611710 19937006 19937006 0 0 19937006 245974 245974 2192847 1717443 475404 475404 475404 ALLOCATED INC IMA IND. 900099 85113 85113 85113 20743497 19937006 0 806491 476756 1047944 106010 85223 13544 778898 304714 14470 1838 ALLOCATED SUPPORT EXP. 17424378 ADMINISTRATION EXPENSES 5224749 OTHER TAXES 226615 IMA EGYPT EXPENSES 47718 21806 25774663 5853 2919 882214 0 0 0 0 0 0 0 0 0 4929014 342923 5817081 345842 1994245 154185 9689960 10242305 36197 812303 11720402 11208793 X -5903321 -10862951 -5903321 -10862951 5817081 345842 -5031166 69448 2088 0 X X 0 1 X 1 0 0 0 0 0 0 OTHER ASSETS IN IMA INDIA 245214 INVESTMENT IN SUBSIDIARY 96587 OTHER ASSETS IN IMA EGYPT 1122 342923 DUE TO AFFILIATE 719942 OTHER LIABILITIES IN IMA EGYPT 77488 OTHER LIABILITIES IN IMA INDIA 2268 CASH OVERDRAFT 12605 812303 X PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS (ASC 740) IMA, IMAMEF, IMARF AND IMA PRODUCTS AND SERVICES, LLC (A NON-OPERATING ENTITY) WERE INCORPORATED IN THE STATE OF NEW JERSEY AND ARE EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND, THEREFORE, HAVE MADE NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. ICMA IS CURRENTLY EXEMPT FROM FEDERAL INCOME TAX UNDER 501(C)(6) OF THE CODE. IMA, IMAMEF, IMARF, IMA PRODUCTS AND SERVICES, LLC AND ICMA HAVE BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (THE "IRS") NOT TO BE "PRIVATE FOUNDATIONS" WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THERE WAS NO UNRELATED BUSINESS INCOME TAX PAYABLE FOR THE YEAR ENDED JUNE 30, 2024. THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. THE ORGANIZATION DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, CHANGE IN NET ASSETS OR CASH FLOWS. SOUTH ASIA 0 0 INVESTMENT 245214 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENT 1122 0 0 0 0 0 0 246336 0 246336 0 0 1 0 0 1 PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING. 1 0 0 DENNIS WHITNEY CMA TREASURER (THRU 08/23) 351840 0 0 0 181995 0 19200 0 2323 0 555358 0 0 0 RUSS PORTER CMA CFM CSCA CFO (THRU 08/23) 0 290248 0 0 0 0 0 11610 0 5443 0 307301 0 0 ELLEN GUREVICH CAE VICE PRESIDENT 0 277252 0 0 0 0 0 11090 0 8239 0 296581 0 0 PATRICIA STEFANCZYK CAE VICE PRESIDENT 0 240921 0 0 0 0 0 9637 0 6538 0 257096 0 0 JACKIE OPPENHEIM VICE PRESIDENT 0 228700 0 0 0 0 0 9148 0 8239 0 246087 0 0 ELLA SUPONITSKIY TREASURER (BEG 08/23) 196361 0 0 0 0 0 7854 0 8239 0 212454 0 0 0 MIAOMIAO TIAN SR DIRECTOR (THRU 02/24) 0 199236 0 0 0 0 0 7969 0 1753 0 208958 0 0 LISA BEAUDOIN SR DIRECTOR (THRU 02/24) 0 193199 0 0 0 0 0 7728 0 2298 0 203225 0 0 PART I, LINE 3 THE SVP & CFO OF THE CONTROLLING AFFILIATE (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC.) AND THE TREASURER ARE OFFICERS OF THE ENTITY. COMPENSATION OF OFFICERS, IF ANY, IS REVIEWED AND APPROVED BY INDEPENDENT MEMBERS OF THE CONTROLLING AFFILIATE'S BOARD AFTER REVIEW OF COMPARABLE DATA AND DELIBERATION MEETINGS ARE CONTEMPORANEOUSLY RECORDED. PART I, LINE 4A SEVERANCE PAYMENT AN INDIVIDUAL RECEIVED A SEVERANCE PAYMENT. THE SEVERANCE IS INCLUDED IN COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III). FORM 990, PART VII, SECTION A, LINE 1 AND SCHEDULE J, PART II: VARIOUS INDIVIDUALS REPORTED IN THE ICMA FORM 990 ARE PAID BY AN AFFILIATED ORGANIZATION, INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC. ("IMA"). FORM 990, PART VII AND SCHEDULE J, PART II REPORT THE COMPENSATION AS HAVING BEEN PAID BY IMA. HOWEVER, A PORTION OF THE INDIVIDUALS' COMPENSATION IS REIMBURSED BY ICMA BASED ON SERVICES RENDERED TO THAT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS SOME OF ICMA'S CURRENT OFFICERS AND DIRECTORS, AS REPORTED IN FORM 990 PART VII-A, ARE SERVING AS BOARD MEMBERS AND/OR OFFICERS OF IMA'S RELATED ENTITIES DURING TAX YEAR OF 2023. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS A COPY OF THE RETURN IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT BOARD MEMBERS, OFFICERS AND EMPLOYEES, IF ANY, REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE IN ACCORDANCE WITH THE POLICIES AND PROCEDURES OF THE CONTROLLING AFFILIATE (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC.). THE CEO AND BOARD CHAIR OF THE ETHICS COMMITTEE OF THE CONTROLLING AFFILIATE FOLLOW UP ON DISCLOSED ITEMS. MEMBERS ARE PERIODICALLY REMINDED TO DISCLOSE CONFLICTS OF INTEREST ON ANY MATTER ADDRESSED BY THE BOARD. CONFLICT OF INTEREST COMPLIANCE MEASURES UNDER THE CONTROLLING AFFILIATE'S CODE OF ETHICS POLICY INCLUDE DISCIPLINARY ACTION UP TO AND INCLUDING EXPULSION. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE SVP AND CFO OF THE CONTROLLING AFFILIATE (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC.) AND TREASURER ARE OFFICERS OF THE ENTITY. COMPENSATION OF OFFICERS, IF ANY, IS REVIEWED AND APPROVED BY INDEPENDENT MEMBERS OF THE CONTROLLING AFFILIATE'S BOARD ANNUALLY AFTER REVIEW OF COMPARABLE DATA AND DELIBERATION. MEETINGS ARE CONTEMPORANEOUSLY RECORDED. THE ORGANIZATION DOES NOT COMPENSATE ANY OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY OF THE CONTROLLING AFFILIATE (INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC.), AND THE ENTITY'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE CONTROLLING AFFILIATE'S WEBSITE. THE FORM 1024 IS AVAILABLE UPON WRITTEN REQUEST. THE ENTITY'S FORM 990 IS AVAILABLE ON GUIDESTAR'S WEBSITE AND UPON WRITTEN REQUEST. FORM 990, PART VII, SECTION A: CHRISTINE MILLAWAY WAS HIRED AS AN INDEPENDENT CONTRACTOR TO IMA FROM AUGUST 2023 UNTIL NOVEMBER 2023. STARTING IN NOVEMBER 2023, CHRISTINE MILLAWAY BECAME AN EMPLOYEE OF IMA. THE COMPENSATION REPORTED ON PART VII, SECTION A INCLUDES THE PAYMENT FOR HER SERVICES RENDERED AS AN INDEPENDENT CONTRACTOR AND THE SALARY PAID FOR THE FULL-TIME JOB POSITION. THERE IS NOT ADDITIONAL DEFERRED COMPENSATION AND OTHER BENEFITS INCURRED DURING CALENDAR YEAR 2023. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. 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