2015-07-31T15:27:39-05:00 2014-12-31 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2014-01-01 529999947 Foundation of the Professional Convention Management Association FOUN 3124237262 35 East Wacker Drive Suite 500 Chicago IL 60601 Deborah L Sexton President & CEO 3124237262 2015-07-31 1 Wayne Harder P00294296 3126343400 2014 2016-03-07 17:11:31Z Deborah L Sexton 35 East Wacker Drive Suite 500 Chicago IL 60601 1831084 0 X WWW.PCMA.ORG X 1985 DC Research and education for the meeting planning industry. 20 20 0 75 0 0 732456 1139602 0 0 253363 277517 322809 -135400 1308628 1281719 320073 198635 0 0 0 0 0 0 236063 755737 726607 1075810 925242 232818 356477 6240571 6305364 490200 214878 5750371 6090486 Fundraising and grant giving, focused on education and research that will benefit the meetings and convention industry. 0 0 198635 198635 Grant giving - To support education, research and scholarship in the meetings and convention industry. 198635 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 4 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 20 20 0 1 1 0 1 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 IL X X Paulette Phillips 3124237266 35 East Wacker Drive Suite 500 Chicago IL 60601 Susan Iris Chair 2.00 X X 0 0 0 James H Youngblood Chair-elect 2.00 X X 0 0 0 Gary Schirmacher Secretary-Treasurer 2.00 X X 0 0 0 Greg H Talley Immediate Past Chair 2.00 X X 0 0 0 Eduardo Chaillo Trustee 2.00 X 0 0 0 Anne Hamilton Trustee 2.00 X 0 0 0 Phillip J Jones Trustee 2.00 X 0 0 0 Raymond J Kopcinski Sr Trustee 2.00 X 0 0 0 John Patronski Trustee 2.00 X 0 0 0 David G Peckinpaugh Trustee 2.00 X 0 0 0 Kati S Quigley Trustee 2.00 X 0 0 0 James E Rooney Trustee 2.00 X 0 0 0 Valerie M Sumner Trustee 2.00 X 0 0 0 Randall Tanaka Trustee 2.00 X 0 0 0 Mark Theis Trustee 2.00 X 0 0 0 Greg Van Dyke Trustee 2.00 X 0 0 0 Christopher J Wehking Trustee 2.00 X 0 0 0 Tina M Wehmeir Trustee 2.00 X 0 0 0 Don Welsh Trustee 2.00 X 0 0 0 David L Williams Trustee 2.00 X 0 0 0 Liz Erickson Trustee (out-going) 2.00 X 0 0 0 Johnnie C White Trustee (out-going) 2.00 X 0 0 0 Deborah L Sexton President and CEO 8.00 32.00 X 0 489024 79785 Susan Mennenga Executive Director, Foundation 40.00 X 0 154977 13438 0 644001 93223 0 0 1 0 Hilton Washington - Hilton Hotel 1919 Connecticut Avenue NW Washington DC 20009 Event Services 127298 The Broadmoor PO Box 1439 Colorado Springs CO 80901 Event Services 103500 2 1006480 133122 1139602 230770 230770 46747 0 46747 46747 46747 413965 1006480 549365 -135400 -135400 1281719 0 0 142117 161635 161635 37000 37000 290069 290069 5051 5051 949 949 40727 40727 43870 43870 10763 7914 2849 15388 7123 8265 1736 327 1409 30899 30899 257251 36451 220800 Bad Debt Expense 21300 21300 Gifts 4705 1965 2740 Dues & Subscriptions 1920 1920 1979 1979 925242 198635 490544 236063 479408 258739 614525 515425 63160 69210 133435 6032 12370 21295 4010893 4251971 855791 1037340 70989 145352 6240571 6305364 46940 21008 94600 13885 348660 179985 490200 214878 X 5662157 5996222 88214 94264 5750371 6090486 6240571 6305364 356477 -16362 0 X 0 1 X 1 0 X X 1 Professional Convention Management Association 362597526 501(c)(6) 1 244864 0 1 244864 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 Part IV, Section A, Line 3b The Foundation for the Professional Convention Management Association relies upon the annual calculation carried out by the related organization, the Professional Convention Management Association, to determine that public support tests are being met. Part IV, Section A, Line 3c The Foundation has a process in place to ensure that grants given are monitored and used exclusively for section 170(c)(2) purposes, in accordance with the initial support request. This includes review of documentation of completed activities and milestone events prior to releasing funds. Part IV, Section A, Line 11a Trustees of the related organization, the Professional Convention Management Association, share responsibilities with the Foundation and may also be contributors to the Foundation. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Real Estate Investment Trusts 261783 F Alternative Investments 442158 F Other Investments 333399 F 1037340 X 2076377 -16362 302024 549723 835385 1240992 40727 40727 1281719 1736262 302024 549723 851747 884515 40727 40727 925242 Part X, Line 2: The Foundation has received notification that it qualifies as a tax-exempt organization under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding provisions of state law and, accordingly, is not subject to federal or state income taxes. However, any unrelated business income could be subject to taxation. The Foundation's tax returns are subject to review and examination by federal authorities. The tax returns for years after 2011 are open to examination by federal authorities. Part XI, Line 2d - Other Adjustments: Fundraising Event Expenses 549,723. Part XII, Line 2d - Other Adjustments: Fundraising Event Expenses 549,723. 1 North America 1 3 Fundraising 1 3 0 0 1 3 0 0 0 0 0 0 0 0 0 Part I, Line 2: Grants and scholarships are awarded to those involved professionally or academically in the hospitality/meeting industry to provide support for educationally based projects that align with PCMA's strategic plan or have potential broad impact on the meeting industry as a whole. The grants committee and staff committee review qualifying applications and choose qualifying recipients. Partnership Summit 694833 513172 181661 38488 304398 Achievement Dinner 406785 306113 100672 102757 67323 3 318827 187195 131632 20500 15899 1420445 1006480 413965 161745 387620 549365 -135400 1 Professional Convention Management Association 35 East Wacker Drive Suite 500 Chicago IL 60601 362597526 501(C)(6) 136635 1) Provides resources for meetings industry faculty to attend the PCMA annual meeting.2) Assist in promoting PCMA brand growth and innovative insights from non-traditional PCMA members.3) Enhances the student experience, provides a mobile delivery channel for the content.4) Introduce a new metric of room demand which articulates the volume of rooms sold by an event.5) Give individuals a PCMA platform to showcase talents and show how they will shape the meetings industry.6) Best in Class Chapter Speaker Program.7) A research study focused on best practices in providing "edutainment" at meetings and conventions. College Bound Dorchester 18 Samoset Street Dorchester MA 02124 042383512 501(C)(3) 25000 Party with a Purpose Donation 1 1 Scholarships 15 37000 PART I, LINE 2 Grants given to PCMA and certain other organizations are required to provide supporting documentation of completed activities or milestones prior to releasing funds. Funds given as charitable assistance are generally undesignated so there is no formal process for monitoring those funds. Scholarships for individuals are paid directly to the applicable university rather than to the student. Grants and scholarships are awarded to those involved professionally or academically in the hospitality/meeting industry to provide support for educationally-based projects that align with PCMA's strategic plan or have a potential broad impact on the meeting industry as a whole. The grants committee and staff committee review qualifying applications and choose qualifying recipients. 0 0 0 0 0 0 0 0 0 Deborah L Sexton President and CEO 0 436216 0 38340 0 14468 0 55871 0 23914 0 568809 0 0 Susan Mennenga Executive Director, Foundation 0 154977 0 0 0 0 0 0 0 13438 0 168415 0 0 Part I, Line 3 The compensation of the President & CEO is determined by the Professional Convention Management Association, a related organization. The following were used by the Professional Convention Management Association in determining the compensation of the President & CEO: (1) compensation survey or study, and (2) approval by the board or compensation committee. Form 990, Part VI, Section A, line 1 The Board of Trustees has an Executive Committee comprised of the officers of the Board, the President & CEO, and the Chair of the Grants Committee. The Executive Committee has the powers of the Board of Trustees when the Board is not in session. The Executive Committee must report its actions to the Board at the next succeeding Board meeting and seek ratification of its actions. Form 990, Part VI, Section A, line 3 The Foundation has no employees and, as a result, has entered into a management agreement with a related organization, the Professional Convention Management Association. To provide all personnel and administrative services under this management agreement, the Foundation delegates all management duties to the Professional Convention Management Association staff assigned to the Foundation's operations and administration. Form 990, Part VI, Section A, line 4 The Bylaws of the Foundation were revised during the year to increase the size of the Board as well as to identify the Professional Convention Management Association as the sole member of the Foundation. Form 990, Part VI, Section A, line 6 The Chair and Chair-elect of the Board of Directors of the Professional Convention Management Association are automatically appointed to the Foundation's Board of Trustees. The President & CEO of the Professional Convention Management Association is also automatically appointed to the Foundation's Board of Trustees. Two additional trustees are appointed by the Board of Directors of the Professional Convention Management Association. Form 990, Part VI, Section A, line 7a The sole corporate member of the Foundation for the Professional Convention Management Association is the Professional Convention Management Association. Form 990, Part VI, Section B, line 11 The Form 990 is reviewed in detail by management staff of the Professional Convention Management Association. Form 990, Part VI, Section B, line 12c Board members are required to execute a conflict of interest statement for each year serving on the board. This statement includes their acknowledgment to inform the chair in writing of any changes in their circumstances affecting their relationship to the organization. Board members may not participate in any private business or personal service with the organization except as procedurally controlled to assure openness, competitive opportunity and equal access to information. If an actual or potential conflict arises, the conflicted individual withdraws from board deliberation, voting and access to applicable board information all proceedings related to conflicts of interest are documented in the meeting minutes. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest statement, and financial statements are available to the public upon request. Professional Convention Management Association 35 East Wacker Drive Suite 500 Chicago IL 60601 362597526 Leading superior&innovative education and promote the value of the industry. IL 501(c)(6) 0 PCMA Services Inc 35 East Wacker Drive Suite 500 Chicago IL 60601 631079617 Magazine Publisher AL N/A C 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 Professional Convention Management Association B 178356 Cash Professional Convention Management Association M 500000 Cash Professional Convention Management Association Q 367207 Cash