2025-11-14T08:52:26-06:00 2024-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2024-01-01 753028947 INSTITUTIONAL LIMITED PARTNERS ASSOCIATION INST 4169419393 1776 I STREET NW 525 WASHINGTON DC 200063784 JENNIFER CARNITHAN CEO 4169419393 2025-11-13 1 1 AARON M FOX P01365820 2022274000 2025-11-13 2024 2025-03-06 01:10:19Z JENNIFER CARNITHAN 1776 I STREET NW 525 WASHINGTON DC 200063784 13919257 0 X WWW.ILPA.ORG X 2002 CA THE LEADING GLOBAL, MEMBER-DRIVEN ORGANIZATION DEDICATED TO ADVANCING THE INTERESTS OF PRIVATE EQUITY LIMITED PARTNERS THROUGH INDUSTRY-LEADING EDUCATION PROGRAMS, INDEPENDENT RESEARCH, BEST PRACTICES, NETWORKING OPPORTUNITIES AND GLOBAL COLLABORATIONS. 15 15 19 15 0 0 0 0 10851555 12981196 752372 938061 0 0 11603927 13919257 0 0 0 0 4884533 6657243 0 0 0 5957742 6844546 10842275 13501789 761652 417468 19592293 19959044 4330690 4279973 15261603 15679071 X THE LEADING GLOBAL, MEMBER-DRIVEN ORGANIZATION DEDICATED TO ADVANCING THE INTERESTS OF PRIVATE EQUITY LIMITED PARTNERS THROUGH INDUSTRY-LEADING EDUCATION PROGRAMS, INDEPENDENT RESEARCH, BEST PRACTICES, NETWORKING OPPORTUNITIES AND GLOBAL COLLABORATIONS. 0 0 EVENTS - WITH A DISTINCTIVE, WORLDWIDE COMMUNITY OF INSTITUTIONAL INVESTOR MEMBERS, ILPA PROVIDES A PLATFORM FOR THE ORGANIZATION'S 5,000 PROFESSIONALS TO ENGAGE MORE DEEPLY WITH THEIR GLOBAL PEERS. FROM ANNUAL FLAGSHIP EVENTS INCLUDING THE ILPA SUMMIT, AND ILPA SUMMIT EUROPE. ILPA PRIVATE EQUITY LEGAL CONFERENCE AND ILPA MEMBERS' CONFERENCE TO MEMBER-ONLY ROUNDTABLES HELD AROUND THE WORLD, ILPA DELIVERS COMPELLING CONTENT ON THE MOST PRESSING MATTERS OF THE DAY WHILE HELPING MEMBERS BUILD THEIR PROFESSIONAL NETWORKS. EDUCATION - HELPING MEMBERS ADVANCE THEIR EDUCATIONAL AND PROFESSIONAL DEVELOPMENT HAS BEEN CENTRAL TO THE MISSION OF ILPA SINCE ITS FOUNDING. THE CORNERSTONE OF THE EDUCATION PLATFORM IS THE ILPA INSTITUTE, A WORLD-CLASS PROGRAM THAT HAS BEEN EDUCATING AND EMPOWERING LP PROFESSIONALS IN OUTSTANDING FASHION FOR NEARLY A DECADE. THE COMPREHENSIVE CURRICULUM, DESIGNED BY LPS FOR LPS, IS LED BY SEASONED ACADEMICS, PROFESSIONALS AND PRACTITIONERS WITH DEEP SUBJECT MATTER EXPERTISE AND A PASSION FOR PRIVATE EQUITY EDUCATION. ILPA ALSO OFFERS MONTHLY WEBCASTS, IN-PERSON WORKSHOPS AT ALL FLAGSHIP EVENTS AND PROFESSIONAL DEVELOPMENT SEMINARS, ALL WHICH ARE ARCHIVED FOR MEMBER USE. THESE OFFERINGS ARE DRIVEN BY MEMBERS, WHO OFFER INSIGHT AS TO THE MOST PRESSING TOPICS, AND OFTEN LEAD THESE DISCUSSIONS IN A TOWN HALL OR PANEL FORMAT. MEMBERSHIP, DIA, INDUSTRY AFFAIRS/STANDARDS AND RESEARCH/CONTENT - FROM ROUNDTABLES WITH LEADING GENERAL PARTNERS TO DIALOGUE WITH DECISION-MAKERS IN NATIONAL CENTERS OF GOVERNANCE, ILPA ARTICULATES AND AMPLIFIES THE VOICE OF ITS MEMBERS IN GLOBAL DISCUSSIONS ON TRANSPARENCY, GOVERNANCE AND ALIGNMENT OF INTERESTS BETWEEN GPS AND LPS. ILPA ADVOCATES FOR LPS, TO ENSURE THAT THEIR PERSPECTIVE AND THAT OF THEIR BENEFICIARIES ARE CONSIDERED IN POLICY MAKING CIRCLES AS WELL AS IN INDUSTRY PRACTICES. IN ADDITION TO ITS ADVOCACY WORK, ILPA IS A WELL-RESPECTED SOURCE FOR BEST PRACTICES, TOOLS AND STANDARDS THAT BENEFIT THE ENTIRE PRIVATE EQUITY INDUSTRY. ILPA GUIDANCE IS PRODUCED IN CONSULTATION WITH A WIDE RANGE OF INDUSTRY STAKEHOLDERS WITH THE GOAL OF ENSURING AN ALIGNMENT OF ECONOMIC INTERESTS, FAIR AND ADEQUATE GOVERNANCE AND APPROPRIATE DISCLOSURES FROM GPS TO LPS. ILPA SEEKS TO EMPOWER ITS MEMBERS THROUGH ACCESS TO DATA, RESEARCH AND TOOLS, OFTEN DEVELOPED EXCLUSIVELY FOR THE ORGANIZATION'S PROFESSIONALS. THROUGH STRONG RELATIONSHIPS WITH WELL-RESPECTED PRIVATE EQUITY INDUSTRY PLAYERS, ILPA DELIVERS HIGHLY VALUED, PRIVATE BENCHMARKING DATA ON INDUSTRY PERFORMANCE AS WELL AS COMPLIMENTARY OR DISCOUNTED THIRD-PARTY ACCESS TO PLATFORMS THAT PROVIDE, FOR EXAMPLE, CUSTOM ANALYTICS OR INDUSTRY RISK CALCULATIONS. ILPA SOURCES ITS CONTENT ACROSS THE INDUSTRY. BOTH COMMISSIONED AND ILPA-AUTHORED RESEARCH IS TYPICALLY MADE AVAILABLE EXCLUSIVELY TO ILPA MEMBERS WHILE OTHER PIECES OF RESEARCH ARE CURATED FROM EXTERNAL SOURCES AND DISTRIBUTED TO THE MEMBERSHIP ON A COMPLIMENTARY BASIS. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 28 0 1 19 1 0 1 CA 0 0 1 1 0 0 0 X 15 15 0 0 0 0 1 1 1 1 0 0 0 0 1 0 1 1 0 0 0 0 X PRABHJIT KAUR 4169419393 1776 I STREET N W SUITE 525 WASHINGTON DC 200063784 TEIA MERRING CHAIR 1.00 0.00 X X 0 0 0 SCOTT ROMSOWER VICE CHAIR 1.00 0.00 X X 0 0 0 RUNE JEPSEN SECRETARY 1.00 0.00 X X 0 0 0 ADRIAN OHMER BOARD DIRECTOR UNTIL 06/24,TREASURER 1.00 0.00 X X 0 0 0 GREG JANIA BOARD DIRECTOR 0.10 0.00 X 0 0 0 SARAH FARRELL BOARD DIRECTOR 0.10 0.00 X 0 0 0 CHRISTIAN DUNN BOARD DIRECTOR AS OF 06/24 0.10 0.00 X 0 0 0 AARON DELAY BOARD DIRECTOR 0.10 0.00 X 0 0 0 HAN HU BOARD DIRECTOR 0.10 0.00 X 0 0 0 FREDDIE ALLEN BOARD DIRECTOR AS OF 06/24 0.10 0.00 X 0 0 0 HELENA THREFALL BOARD DIRECTOR 0.10 0.00 X 0 0 0 GIOVANNI DAVIDE ORSI BOARD DIRECTOR 0.10 0.00 X 0 0 0 JENNY NEWMARCH BOARD DIRECTOR AS OF 06/24 0.10 0.00 X 0 0 0 SWEE HONG YAP BOARD DIRECTOR 0.10 0.00 X 0 0 0 CHRIS ECKERMAN BOARD DIRECTOR AS OF 06/24 0.10 0.00 X 0 0 0 MICHAEL ASWAD TREASURER UNTIL 06/24 1.00 0.00 X X 0 0 0 GEORGE LONG BOARD DIRECTOR UNTIL 06/24 0.10 0.00 X 0 0 0 MARGROT WIRTH BOARD DIRECTOR UNTIL 06/24 0.10 0.00 X 0 0 0 JENNIFER CARNITHAN CEO 40.00 5.00 X 535006 0 48139 EUGENIE CESAR-FABIAN GENERAL COUNSEL & COO 40.00 5.00 X 273993 0 40460 GREGORY DURST SR. MANAGING DIRECTOR, GLOBAL GROWTH 20.00 20.00 X 378158 0 10072 PAMELA JENKINS - SR DIRECTOR MEMBER ENGAGEMENT AND PROGRAMS 40.00 0.00 X 176439 0 5973 NEAL PRUNIER MANAGING DIRECTOR, INDUSTRY AFFAIRS 40.00 0.00 X 310255 0 26886 MATTHEW SCHEY - MD EXTERNAL AFFAIRS AND SUSTAINABLE INVESTING 40.00 0.00 X 268616 0 18315 NICHOLAS JENSON SR. DIRECTOR, STRATEGIC INITIATIVES 40.00 0.00 X 236504 0 17682 ERIKA LEHMAR SENIOR DIRECTOR, DIVERSITY IN ACTION 40.00 0.00 X 198433 0 36138 MEGAN GOODMAN SR. DIRECTOR, STRATEGIC COMM. 40.00 0.00 X 170627 0 29649 2548031 0 233314 11 0 1 0 CROSSCOUNTRY CONSULTING 1600 TYSONS BLVD SUITE 1100 MCLEAN VA 22102 CONSULTING SERVICES 392810 DLA PIPER LLP 303 COLORADO STREET SUITE 3000 AUSTIN TX 787014653 SPEAKER 284260 MJ MAZZOLA LLC 700 S HARBOUR ISLAND BLVD UNIT 802 TAMPA FL 33602 CONSULTING SERVICES 241287 START CULTURE SHIFT 9843 MARCLIFF CT VIENNA VA 22181 CONSULTING SERVICES 138933 SC&H GROUP INC 910 RIDGEBROOK RD SPARKS GLENCOE MD 21152 CONSULTING SERVICES 120000 13 CONFERENCE 900099 6872541 6872541 MEMBERSHIP 900099 3527488 3527488 SPONSORSHIP 900099 1322000 1322000 DIA SIGNATORIES 900099 1216167 1216167 STRATEGIC PARTNERSHIP 900099 43000 43000 12981196 938061 938061 13919257 12981196 0 938061 X 1596671 3706478 430160 370402 553532 12214 64926 1808705 46415 553061 493315 499670 920761 2243112 195286 TAXES 7081 13501789 5022383 4452954 12041343 7760701 413508 812916 571618 360623 1191761 615076 610046 576685 5541973 933395 453192 19592293 19959044 1215356 1337329 1904041 2274444 1211293 668200 4330690 4279973 X 15261603 15679071 15261603 15679071 19592293 19959044 417468 0 X X 0 1 X 1 0 0 1 0 407315 73984 333331 131433 67170 64263 653013 473922 179091 576685 TERM DEPOSIT 5541973 C 5541973 LEASE LIABILITY - OPERATING 668200 668200 X 13919257 0 13919257 0 13919257 13501789 0 13501789 0 13501789 PART X, LINE 2: THE ASSOCIATION FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN FASB ASC TOPIC 740, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ASSOCIATION PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2024, THERE WERE TAX RETURNS THAT REMAINED OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ASSOCIATION FILES, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. IT IS THE ASSOCIATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAINTY IN INCOME TAXES, IF ANY, IN INTEREST OR INCOME TAX EXPENSE. AS OF DECEMBER 31, 2024, THE ASSOCIATION HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. AS THE ASSOCIATION PARTICIPATES IN LOBBYING ACTIVITIES, THOSE ACTIVITIES ARE SUBJECT TO A 21% PROXY TAX UNDER THE IRC SECTION 6033(E)(2) TO INTERNAL REVENUE SERVICES. FOR THE YEAR ENDED DECEMBER 31, 2024, THE ASSOCIATION'S DID NOT ENGAGE IN LOBBYING ACTIVITY AND DID NOT INCUR ANY PROXY TAX EXPENSE. NORTH AMERICA 1 16 OFFICE EXPENSE OFFICE 324965 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATION CLASS 138158 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES EDUCATION CLASS 160457 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATION CLASS 135886 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EDUCATION CLASS 37155 1 16 0 0 1 16 796621 0 796621 0 0 0 0 0 0 X X X X 0 0 0 JENNIFER CARNITHAN CEO 400006 0 135000 0 0 0 13800 0 34339 0 583145 0 0 0 GREGORY DURST SR. MANAGING DIRECTOR, GLOBAL GROWTH 310674 0 67484 0 0 0 10072 0 0 0 388230 0 0 0 NEAL PRUNIER MANAGING DIRECTOR, INDUSTRY AFFAIRS 248755 0 61500 0 0 0 12406 0 14480 0 337141 0 0 0 EUGENIE CESAR-FABIAN GENERAL COUNSEL & COO 263993 0 10000 0 0 0 10097 0 30363 0 314453 0 0 0 MATTHEW SCHEY - MD EXTERNAL AFFAIRS AND SUSTAINABLE INVESTING 234483 0 34133 0 0 0 10741 0 7574 0 286931 0 0 0 NICHOLAS JENSON SR. DIRECTOR, STRATEGIC INITIATIVES 180884 0 55620 0 0 0 9456 0 8226 0 254186 0 0 0 ERIKA LEHMAR SENIOR DIRECTOR, DIVERSITY IN ACTION 198433 0 0 0 0 0 7700 0 28438 0 234571 0 0 0 MEGAN GOODMAN SR. DIRECTOR, STRATEGIC COMM. 149567 0 21060 0 0 0 6821 0 22828 0 200276 0 0 0 PAMELA JENKINS - SR DIRECTOR MEMBER ENGAGEMENT AND PROGRAMS 158855 0 17584 0 0 0 5973 0 0 0 182412 0 0 0 PART I, LINE 7 ALL THE EMPLOYEES LISTED ON PART II WERE PAID NON-FIXED DISCRETIONARY BONUS IN THE CALENDAR YEAR 2024. FORM 990, PART VI, SECTION A, LINE 6 ILPA MEMBERSHIP IS LIMITED TO INDIVIDUALS OR INSTITUTIONS THAT INVEST OR INTEND TO INVEST IN A PORTFOLIO OF PRIVATE MARKETS FUNDS OR DIRECT INVESTMENTS PRIMARILY FOR THEIR OWN ACCOUNT AND WHO SATISFY GUIDELINES FOR MEMBERSHIP ADOPTED AND AMENDED FROM TIME TO TIME BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE THE RIGHT TO VOTE ON THE ELECTION OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ALL MEMBERS CAN ATTEND THE ANNUAL GENERAL MEETING AND CAST VOTES ON MATTERS BROUGHT FORTH IN THE MEETINGS. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. ILPA SHALL REVIEW THE FINAL FORM 990 WITH ITS FULL GOVERNING BODY DURING ITS BOARD MEETING BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ILPA'S DIRECTORS CODE OF CONDUCT REQUIRES DIRECTORS TO (1) CONDUCT ASSOCIATION BUSINESS IN A RESPONSIBLE WAY AND NOT ENGAGE IN PRACTICES THAT WOULD BE DAMAGING TO THE BEST INTERESTS OF ILPA AND ITS MISSION, (2) PROMOTE AND MAINTAIN ETHICAL STANDARDS OF CONDUCT AND AT ALL TIMES DEAL FAIRLY AND HONESTLY, AND (3) INFORMS THEIR OWN DIRECTORS, OFFICERS, EMPLOYEES AND REPRESENTATIVES ABIDE BY THE CODE. ILPA REQUIRES DIRECTORS TO ANNUALLY RE-CERTIFY IN WRITING THEIR COMPLIANCE WITH AND COMMITMENT TO ABIDING BY THE CODE. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS' COMPENSATION COMMITTEE, WHICH WILL TYPICALLY CONSIDER A COMPREHENSIVE COMPARISON OF SIMILARLY QUALIFIED INDIVIDUALS IN FUNCTIONALLY COMPARABLE POSITIONS. PERIODICALLY, THE GOVERNANCE COMMITTEE WILL ALSO REVIEW COMPARATIVE MARKET DATA PROVIDED BY A THIRD PARTY SERVICE PROVIDER. FOR OTHER OFFICERS AND KEY EMPLOYEES, THE CEO RECOMMENDS ANY COMPENSATION ADJUSTMENTS TO THE CHAIR OF THE BOARD'S COMPENSATION COMMITTEE FOR REVIEW AND FINAL APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 ALL ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEE 1,626,842. RECRUITING FEE 84,010. CONSULTANT IN LIEU OF STAFF 97,853. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. INSTITUTIONAL LIMITED PARTNERS ASSOCIATION (UK) LIMITED 71 QUEEN VICTORIA ST LONDON UK EC4V 4BE 981809576 STRATEGIC AND OPERATIONAL SERVICE PROVIDER FOR ILPA US. UK 137 136102 INSTITUTIONAL LIMITED PARTNERS ASSOCIATION