2024-09-13T10:41:31-07:00 2024-03-31 752593210 Sutton Frost Cary LLP 200 E Front St Suite 200 Arlington TX 76011 990 2023-04-01 620671161 INTERNATIONAL ASSOCIATION OF VENUE MANAGERS INC INTE 9729067441 5601 EXECUTIVE DRIVE 450 IRVING TX 75038 RONALD MELTON CFO/COO 2024-09-13 true true Carroll Elizabeth Arnott P01965628 8176498083 2023 2024-08-08 14:25:15Z BRAD MAYNE 5601 EXECUTIVE DRIVE 450 IRVING TX 75038 9383760 false X WWW.IAVM.ORG X 1989 TX TO EDUCATE, ADVOCATE FOR, AND INSPIRE PUBLIC VENUE PROFESSIONALS, WORLDWIDE. 18 18 14 300 215110 145612 0 4125240 5038104 78358 135000 277919 378631 4481517 5551735 0 0 1867715 1900391 0 0 2617189 3423395 4484904 5323786 -3387 227949 5365887 6238417 2673821 3255325 2692066 2983092 TO EDUCATE, ADVOCATE FOR, AND INSPIRE PUBLIC VENUE PROFESSIONALS, WORLDWIDE. false false THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO RAISE FUNDS TO SUPPORT THE PUBLIC ASSEMBLY INDUSTRY IN PROGRAMS OF RESEARCH, PROFESSIONAL DEVELOPMENT, AND EDUCATION. false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 13 0 true 14 true true true false false false false false false false X 18 18 false false false false true true false true true false true false false true true true true true true true false X PREM SHAH 9729067441 5601 EXECUTIVE DR 450 IRVING TX 75038 BRAD MAYNE President & CEO 39.00 1.00 X 246925 0 28854 RONALD MELTON CFO/COO 40.00 0.00 X 144089 0 28000 DANNY WHEELER DIR-REGION 7 1.00 0.00 X 0 0 0 NICK ZAZAL DIR-REGION 6 1.00 0.00 X 0 0 0 ADINA ERWIN PAST CHAIR 1.00 0.00 X X 0 0 0 TIFFANY VICKARYOUS-HUBBARD DIR-REGION 3 1.00 0.00 X 0 0 0 PHIL KING DIR-IAVM/VMA AP 1.00 0.00 X 0 0 0 ANNE WHEAT 2ND VICE CHAIR 1.00 0.00 X X 0 0 0 DAVID BENNETT DIR-UNIVERSITIE 1.00 0.00 X 0 0 0 JAMIE GALILEO DIR-ARENAS 1.00 0.00 X 0 0 0 SARA WALTEMIRE DIR-REGION 4 1.00 0.00 X 0 0 0 ADAM COOK 1ST VICE CHAIR 0.00 0.00 X X 0 0 0 NAZ SABRIPOUR DIR-CONV CTRS 1.00 0.00 X 0 0 0 BRIAN WRIGHT DIR-STADIUMS 1.00 0.00 X 0 0 0 PHILIP COSTA DIR-REGION 1 1.00 0.00 X 0 0 0 CINDY VARGO DIR-PERFORM ART 1.00 0.00 X 0 0 0 MARIA TALBERT DIR-REGION 2 1.00 1.00 X 0 0 0 TIMOTHY HEMPHILL DIR-REGION 5 1.00 0.00 X 0 0 0 KERRY PAINTER Chairman 1.00 0.00 X X 0 0 0 ERIK WALDMAN Director allied 1.00 0.00 X 0 0 0 391014 56854 2 false true false 0 0 ADVERTISING 511120 215110 215110 ANNUAL CONFERENCE 900099 3191098 3191098 MEMBERSHIP DUES 900099 1631896 1631896 5038104 158965 158965 0 0 0 3808060 3832025 -23965 -23965 -23965 0 0 4087 4087 4087 OTHER INCOME 900099 19765 19765 TEXTBOOKS/PUBLICATIONS 900099 354779 354779 374544 5551735 5201625 215110 135000 0 0 0 0 447868 0 1153877 6076 152876 139694 0 15741 29000 0 0 2566 99193 30895 211910 150181 0 89524 168666 0 2235016 0 0 68893 36310 BANK FEES 114589 TAXES 46920 PROF DUES/SUBSCRIPTIONS 41383 Printing and Publications 34099 48509 5323786 0 0 0 0 1006885 1818561 0 418098 375164 0 0 0 3937 4361 194079 191253 1007369 830970 183142 176399 3053548 3207672 0 0 0 506198 465007 5365887 6238417 271492 581239 1888575 2184936 513754 489150 2673821 3255325 X 2692066 2983092 2692066 2983092 5365887 6238417 227949 63077 X X false true X true false 38309 28313 9996 969060 802657 166403 176399 RIGHT OF USE ASSET 465007 465007 OPERATING LEASE LIABILITY 489150 489150 X 5612246 63077 63077 5549169 2566 2566 5551735 5321220 5321220 2566 2566 5323786 Part X : FIN48 Footnote The Association is exempt from federal income taxes under section 501(c)(6) of the Internal Revenue Code (IRC). However, income generated from unrelated activities of the Association are subject to federal income taxes under unrelated business income rules. For the year ended March 31, 2024, the Association had a tax liability related to advertising activities totaling $36,463.GAAP requires the evaluation of tax positions taken in the course of preparing the Associations tax returns and recognition of a tax liability (or asset) if the Association has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Association, and has concluded that as of March 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. X X X false false false BRAD MAYNE President & CEO 246925 28854 275779 RONALD MELTON CFO/COO 136089 8000 28000 172089 Form 990, Part VI, Section A, Line 6 THE ASSOCIATION IS A MEMBERSHIP ORGANIZATION. MEMBERSHIP IN THIS ORGANIZATION IS DIVIDED INTO THE FOLLOWING FIVE CATEGORIES:1) ACTIVE MEMBERSHIP SHALL BE LIMITED TO ANY PERSON WHO IS PRIMARILY AND ACTIVELY ENGAGED IN THE MANAGEMENT OF, OR WHO HAS RETAINED HIS/HER ACTIVE MEMBERSHIP DURING PLANNING AND CONSTRUCTION OF, AN ARENA, AUDITORIUM/THEATRE, CONVENTION/EXHIBIT HALL, STADIUM, OR OTHER PUBLIC ASSEMBLY FACILITY OR GROUP/COMPLEX OF SUCH FACILITIES, EITHER EXISTING OR UNDER CONSTRUCTION, DEEMED BY THE BOARD OF DIRECTORS TO QUALIFY AS A PUBLIC ASSEMBLY FACILITY AS DEFINED IN THE POLICIES AND PROCEDURES MANUAL OF THE ASSOCIATION.2) ASSOCIATE MEMBERSHIP SHALL INCLUDE INDIVIDUALS WHO ARE ENGAGED IN EDUCATION, OR PROFESSIONAL FIELDS RELATED TO THE PUBLIC ASSEMBLY MANAGEMENT INDUSTRY, AND WHOSE RELATIONSHIP WITH IAVM MEMBERS CAN RESULT IN A SIGNIFICANT IMPACT ON THE MEMBER OF THE PUBLIC ASSEMBLY FACILITY INDUSTRY. ASSOCIATE MEMBERS ARE OTHERWISE NOT ELIGIBLE TO SERVE AS AN ACTIVE, HONORARY OR ALLIED MEMBER OF THE ASSOCIATION. ASSOCIATE MEMBERS MAY ATTEND BUSINESS MEETINGS OF THE ASSOCIATION, PROVIDED THE PRESIDING OFFICER HAS NOT CALLED THE MEETING INTO EXECUTIVE SESSION, IN WHICH CASE THE ASSOCIATE MEMBERS MAY NOT ATTEND. ASSOCIATE MEMBERS DO NOT HAVE VOTING PRIVILEGES, BUT MAY SERVE EX-OFFICIO/NON-VOTING ON ALL COMMITTEES EXCEPT BUDGET, EXECUTIVE, NOMINATING AND CERTIFICATION.3) ALLIED MEMBERSHP SHALL BE LIMITED TO ANY FIRM, ORGANIZATION, OR INDIVIDUAL PROPRIETORSHIP ENGAGED IN PROVIDING PRODUCT, EQUIPMENT, SERVICES OR ATTRACTIONS TO THE ACTIVE MEMBERSHIP OF THE ASSOCIATION AND IS NOT OTHERWISE ELIGIBLE TO SERVE AS AN ACTIVE MEMBER OF THE ASSOCIATION. THE ALLIED MEMBER SHALL NOMINATE ONE INDIVIDUAL REPRESENTATIVE WHO, UPON APPROVAL OF THE BOARD OF DIRECTORS, SHALL BE THE ALLIED MEMBER'S PRIMARY CONTACT PERSON WITH THE ASSOCIATION. ALLIED MEMBERS MAY ATTEND BUSINESS MEETINGS OF THE ASSOCIATION, PROVIDED THE PRESIDING OFFICER HAS NOT CALLED THE MEETING INTO EXECUTIVE SESSION, IN WHICH CASE ALLIED MEMBERS, EXCEPT THE DIRECTOR-AT-LARGE ALLIED, MAY NOT ATTEND. ALLIED MEMBERS MAY SERVE EX-OFFICIO/NON-VOTING ON ALL COMMITTEES EXCEPT NOMINATING AND CERTIFICATION. ALLIED MEMBERS SHALL NOT HAVE THE RIGHT TO VOTE EXCEPT AS MAY BE PROVIDED FOR ELSEWHERE IN THE BYLAWS. ADDITIONAL INDIVIDUAL REPRESENTATIVES OF THE ALLIED MEMBER MAY BE DESIGNATED BY THE ALLIED MEMBER AND, UPON PAYMENT OF DUES AS SET FORTH BY THE BOARD OF DIRECTORS, SHALL HAVE ALL THE RIGHTS AND PRIVILEGES AFFORDED TO THE PRIMARY REPRESENTATIVES.4) HONORARY MEMBERSHIP SHALL BE LIMITIED TO ANY PERSON WHO HAS RETIRED FROM ACTIVE MANAGEMENT OF A QUALIFIED PUBLIC ASSEMBLY FACILITY OR A GROUP/COMPLEX OF SUCH FACILITIES; HAS PREVIOUSLY BEEN AN ACTIVE (KNOWN PREVIOUSLY AS PRINCIPAL, REGULAR, OR ADMININSTRATIVE) MEMBER FOR NO LESS THAT TEN YEARS, IS NO LONGER ELIGIBLE TO BE AN ACTIVE MEMBER OF THE ASSOCIATION, AND IS RECOMMENDED, IN WRITING, BY THE DISTRICT VICE PRESIDENT OF HIS/HER DISTRICT. SUCH INDIVIDUAL SHALL BE CONSIDERED FOR HONORARY MEMBERSHIP WITHIN TWO YEARS OF BECOMING INELIGIBLE FOR ACTIVE MEMBERSHIP. AN HONORARY MEMBER SHALL BE ONE UPON WHOM THE BOARD OF DIRECTORS DESIRES TO BESTOW SPECIAL RECOGNITION FOR PAST SERVICE TO THE ASSOCIATION. TO BE CONSIDERED BY THE BOARD FOR HONORARY MEMBERSHIP, THE CANDIDATE MUST HAVE MET THE CRITERIA ESTABLISHED BY THE BOARD OF DIRECTORS AND RECORDED IN THE POLICIES AND PROCEDURES MANUAL OF THE ASSOCIATION. IAVM HEADQUARTERS STAFF SHALL MAINTAIN RECORDS OF EACH MEMBER'S INVOLVEMENT IN THE ASSOCIATION AND SHALL FURNISH THOSE RECORDS AND THE CRITERIA TO ANY MEMBER WHO WISHES TO PURSUE HONORARY MEMBERSHIP; THE MEMBER SHALL BE RESPONSIBLE FOR VERIFYING THE ACCURACY OF HIS OR HER RECORDS OF INVOLVEMENT. AN HONORARY MEMBER MAY ATTEND BUSINESS MEETINGS, BUT PRIVILEGES OF VOTING AND HOLDING ASSOCIATION OFFICE DO NOT APPLY. HONORARY MEMBERS MAY SERVE EX OFFICIO/NON-VOTING ON ALL COMMITTES EXCEPT BUDGET, EXECUTIVE, AND NOMINATING.5) RETIRED MEMBERSHIP SHALL BE LIMITED TO ANY PERSON WHO HAS RETIRED FROM: A) ACTIVE MANAGEMENT OF A QUALIFIED PUBLIC ASSEMBLY FACILITY OR A GROUP/COMPLEX OF SUCH FACILITY AND WHO HAS BEEN AN ACTIVE MEMBER FOR AT LEAST TEN YEARS AND IS NO LONGER ELIGIBLE TO BE AN ACTIVE MEMBER; OR B) AN ALLIED MEMBER COMPANY AND HAS BEEN NOMINATED/DESIGNATED TO REPRESENT ALLIED MEMBER COMPANIES FOR AT LEAST TEN YEARS. A RETIRED MEMBER MAY ATTEND BUSINESS MEETINGS, BUT PRIVILEGES OF VOTING AND HOLDING ASSOCIATION OFFICE DO NOT APPLY. SUCH INDIVIDUAL SHALL APPLY FOR RETIRED MEMBERSHIP WITHIN 24 MONTHS OF BECOMING INELIGIBLE FOR ACTIVE OR ALLIED MEMBERSHIP. Form 990, Part VI, Section B, Line 10b INDIVIDUAL REGIONS REPORT ANNUALLY TO THE PARENT ORGANIZATION WHICH USES THIS REPORTING TO MONITOR THEIR ACTIVITIES. Form 990, Part VI, Section B, Line 11b THE PRESIDENT/CEO AND THE CFO/COO OF THE ORGANIZATION REVIEW ALL RETURNS BEFORE SIGNING AND SUBMITTING TO THE IRS.THE AUDIT COMMITTEE WILL ALSO REVIEW THE ASSOCIATION'S FORM 990. Form 990, Part VI, Section B, Line 12c ALL EMPLOYEES ARE ASKED TO PAY CLOSE ATTENTION TO POSSIBLE VIOLATION. ANY EMPLOYEE WHO IS AWARE OF POSSIBLE VIOLATION IS INSTRUCTED TO NOTIFY THEIR MANAGER, COMPANY OFFICER OR IF APPLICABLE, EXECUTIVE COMMITTEE. Form 990, Part VI, Section B, Line 15a THE COMPENSATION IS SET BY THE COMPENSATION COMMITTEE WHICH IS THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE COMPENSATION IS THEN APPROVED BY THE FULL BOARD. Form 990, Part VI, Section B, Line 15b THE COMPENSATION IS SET BY THE COMPENSATION COMMITTEE WHICH IS THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE COMPENSATION IS THEN APPROVED BY THE FULL BOARD. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XII, Line 2c THERE HAS BEEN NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. INTERNATIONAL ASSOCIATION OF VENUE MANAG 5601 EXECUTIVE DR 450 IRVING TX 75038 363194603 TO PROMOTE THE EDUCATIONAL ENDEAVORS OF TX 501(C)(3) 7 INTERNATIONAL ASSOCIATION OF VENUE MANAG false false false false false false false false false false false false false false false false false false false false