2024-11-11T13:58:38-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-01-01 874617128 INVESTMENTS & WEALTH FOUNDATION INVE 3037703377 5619 DTC PARKWAY 600 GREENWOOD VILLAGE CO 80111 SEAN WALTERS CEO 3037703377 2024-11-07 1 1 SARAH HINTZ P00492291 3037795710 2024-11-07 2023 2024-10-15 13:58:12Z SEAN WALTERS 5619 DTC PARKWAY 600 GREENWOOD VILLAGE CO 80111 327522 0 X WWW.INVESTMENTSANDWEALTH.ORG/FOUNDATION X 2022 CO TO CONVEY SCHOLARSHIPS AND TUITION ASSISTANCE TO QUALIFIED INDIVIDUALS. 9 9 0 9 0 0 316775 327522 0 0 0 0 0 0 316775 327522 248000 221000 0 0 0 17460 0 0 0 62279 21525 310279 259985 6496 67537 126536 138917 120040 64884 6496 74033 X THE PRIMARY ROLE AND SCOPE OF THE INVESTMENTS & WEALTH FOUNDATION WILL BE TO CONVEY SCHOLARSHIPS AND TUITION ASSISTANCE TO QUALIFIED INDIVIDUALS WHO CAN DEMONSTRATE FINANCIAL NEED AND ARE FROM CONTINUED ON SCHEDULE OUNDERREPRESENTED POPULATIONS RELATED TO GENDER, RACE, ETHNICITY, AGE, SEXUAL PREFERENCE, TO UNDERWRITE THE COSTS OF CIMA, CPWA AND RMA CERTIFICATION. ACCELERATE CAREER ADVANCEMENT OF TARGET PROFESSIONALS WHO ARE CURRENTLY UNDERREPRESENTED IN THE PROFESSION, THEREBY FOSTERING SUSTAINABLE DIVERSITY WITHIN THE FINANCIAL ADVISOR PROFESSION. 0 0 259985 221000 0 THE PRIMARY ROLE AND SCOPE OF THE INVESTMENTS & WEALTH FOUNDATION WILL BE TO CONVEY SCHOLARSHIPS AND TUITION ASSISTANCE TO QUALIFIED INDIVIDUALS WHO CAN DEMONSTRATE FINANCIAL NEED AND ARE FROM UNDERREPRESENTED POPULATIONS RELATED TO GENDER, RACE, ETHNICITY, AGE, SEXUAL PREFERENCE, TO UNDERWRITE THE COSTS OF CIMA, CPWA AND RMA CERTIFICATION. 259985 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X SANDRA GARCIA 3038503213 5619 DTC PARKWAY 600 GREENWOOD VILLAGE CO 80111 SEAN WALTERS IWI CEO/EXECUTIVE DIRECTOR 1.00 40.00 X 0 550000 135157 ANGELA LUTTERMAN IWI CFO 1.00 40.00 X 0 326769 56567 ELIZABETH ANDERSON BOARD CHAIR 1.00 0.00 X X 0 0 0 DESIREE MALDONADO VICE CHAIR 1.00 1.00 X X 0 0 0 EILIN CABUTTO DIRECTOR 1.00 0.00 X 0 0 0 IRA COX DIRECTOR 1.00 0.00 X 0 0 0 LUCRECE DOSSOU DIRECTOR 1.00 0.00 X 0 0 0 JOHN GRANZOW DIRECTOR 1.00 0.00 X 0 0 0 KAREN HEATH-WADE DIRECTOR 1.00 0.00 X 0 0 0 BETSY PIPER-BACH DIRECTOR 1.00 0.00 X 0 0 0 KEVIN SANCHEZ DIRECTOR 1.00 0.00 X 0 0 0 0 876769 191724 0 0 1 0 0 200000 127522 327522 327522 0 0 0 221000 221000 17460 17460 4810 4810 666 666 EVENT EXPENSES 15979 15979 MISCELLANEOUS 48 48 TAXES/LICENSES 22 22 259985 259985 0 0 123813 138917 2723 126536 138917 120040 64884 120040 64884 X 6496 74033 6496 74033 126536 138917 67537 0 X X 0 1 X 1 0 X 316775 327522 644297 316775 327522 644297 395850 248447 644297 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 RELATED PARTY PAYABLE 64884 64884 18805034 18477512 18477512 327522 0 327522 18783025 18523040 18523040 259985 0 259985 PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION INCOME REPORTED ON SEPARATE 990 18,677,512. CONTRIBUTION TO IWF - INTERCOMPANY -200,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSE REPORTED ON SEPARATE FORM 990 18,723,040. INTERCOMPANY GRANT ELIMINATED IN AUDITED FINANCIALS -200,000. 1 SCHOLARSHIPS 108 221000 N/A N/A PART I, LINE 2: GRANT USE IS MONITORED INTERNALLY AS FUNDS ARE DIRECTLY APPLIED TO APPLICANTS' BALANCES. 0 0 0 0 0 0 0 0 0 SEAN WALTERS IWI CEO/EXECUTIVE DIRECTOR 0 500000 0 50000 0 0 0 114800 0 20357 0 685157 0 0 ANGELA LUTTERMAN IWI CFO 0 262650 0 52350 0 11769 0 45858 0 10709 0 383336 0 0 PART I, LINE 3 COMPENSATION IS DETERMINED BY THE RELATED ORGANIZATION, INVESTMENTS AND WEALTH INSTITUTE. THE RELATED ORGANIZATION USES THE FOLLOWING TO DETERMINE COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE ONE VOTING MEMBER AS THAT TERM IS USED IN THE ACT AND SHALL HAVE NO CAPITAL STOCK. THE INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION, D/B/A INVESTMENT & WEALTH INSTITUTE, A COLORADO NONPROFIT CORPORATION EXEMPT FROM TAXATION UNDER 501(C)(6) OF THE CODE, SHALL BE THE SOLE VOTING MEMBER (VOTING MEMBER) OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A WHENEVER A VACANCY OCCURS ON THE BOARD OF DIRECTORS BY REASON OF DEATH, RESIGNATION, INCAPACITY, REMOVAL OR OTHERWISE, SUCH VACANCY MAY BE FILLED BY THE VOTING MEMBER. ANY DIRECTOR MAY BE REMOVED, WITH OR WITHOUT CAUSE, BY THE VOTING MEMBER. THE OFFICERS OF THE CORPORATION SHALL BE APPOINTED ANNUALLY BY THE VOTING MEMBER. ANY OFFICER ELECTED OR APPOINTED BY THE VOTING MEMBER MAY BE REMOVED BY THE VOTING MEMBER WHENEVER IN ITS JUDGMENT THE BEST INTERESTS OF THE CORPORATION WOULD BE SERVED THEREBY; BUT SUCH REMOVAL SHALL BE WITHOUT PREJUDICE TO THE CONTRACT RIGHTS, IF ANY, OF THE OFFICER SO REMOVED. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS MAY AMEND THE BYLAWS AT ANY TIME TO ADD, CHANGE, OR DELETE A PROVISION, PROVIDED, HOWEVER, THAT THE VOTING MEMBER SHALL HAVE THE RIGHT TO APPROVE ANY SUCH ADDITION, CHANGE OR DELETION AND THE BYLAWS MAY ONLY BE AMENDED IN A MANNER WHICH WOULD NOT DISQUALIFY THE CORPORATION UNDER 501(C)(3) OF THE CODE. THE MEMBER MAY ALSO ALTER, AMEND OR REPEAL IN WHOLE OR IN PART, THE ARTICLES OF INCORPORATION IN A MANNER WHICH WOULD NOT DISQUALIFY THE CORPORATION UNDER 501(C)(3) OF THE CODE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO, TREASURER AND CFO BEFORE FILING. THE FORM 990 IS THEN FURNISHED TO THE BOARD OF DIRECTORS UPON WHICH THEY HAVE THE OPPORTUNITY TO REVIEW AND ASK QUESTIONS BEFORE THE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION FOLLOWS IWI CONFLICT OF INTEREST POLICY. NEWLY ELECTED BOARD OF DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE. EACH BOARD MEETING INCLUDES AN AGENDA ITEM WHERE THE BOARD OF DIRECTORS ARE ASKED IF THERE HAVE BEEN ANY CHANGES TO THEIR CONFLICT OF INTEREST DISCLOSURE. IF SO, A NEW CONFLICT OF INTEREST DISCLOSURE WOULD BE SIGNED. IT IS THE RESPONSIBILITY OF THE CONFLICTED PARTIES IMMEDIATE SUPERVISOR AND GENERAL COUNSEL TO DETERMINE WHETHER A CONFLICT EXISTS. ALL DETERMINATIONS ARE DOCUMENTED IN THE ORGANIZATIONS MINUTES. IF THE INTERESTED PARTY IS FOUND TO HAVE A CONFLICT OF INTEREST, THEY ARE NOT ALLOWED TO PARTICIPATE IN ANY DISCUSSION OR DECISION MAKING REGARDING THEIR CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION INC 5619 DTC PARKWAY 600 GREENWOOD VILLAGE CO 80111 841009166 INVESTMENT AND WEALTH EDUCATION CO 501(C)(6) N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION INC E 64884 BALANCE DUE AT YEAR END INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION INC C 200000 CASH RECEIVED