2025-02-14T09:41:31-06:00 2024-03-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2023-04-01 222400462 THE CONSTRUCTION FINANCIAL MANAGEMENT AS CONS 6094528000 100 VILLAGE BLVD 200 PRINCETON NJ 08540 NEIL SHAH PRESIDENT/CEO 6094528000 2025-02-14 1 0 ANTHONY RISPOLI P02467381 9733281825 2025-02-12 2023 2025-03-06 01:10:19Z NEIL SHAH 100 VILLAGE BLVD 200 PRINCETON NJ 08540 13135369 0 X WWW.CFMA.ORG X 1982 NJ TO DEVELOP AND COORDINATE EDUCATIONAL PROGRAMS DEDICATED TO THE PURPOSE OF IMPROVING THE PROFESSIONAL STANDARDS OF CONSTRUCTION FINANCIAL MANAGERS. 14 14 28 291 506435 130427 3771406 4063914 4509569 5475716 -10520 59845 89943 94218 8360398 9693693 0 0 0 0 3698676 4003634 0 0 0 5151271 5769738 8849947 9773372 -489549 -79679 12233945 14091395 6817738 8048554 5416207 6042841 TO DEVELOP AND COORDINATE EDUCATIONAL PROGRAMS DEDICATED TO THE PURPOSE OF IMPROVING THE PROFESSIONAL STANDARDS OF CONSTRUCTION FINANCIAL MANAGERS. 0 0 7201536 CONFERENCES, CONVENTIONS & MEETINGS HELD FOR EDUCATIONAL PURPOSES TO UPDATE, INFORM & INSTRUCT FINANCIAL MANAGERS & THEIR EMPLOYEES IN THE CONSTRUCTION FINANCIAL MANAGEMENT INDUSTRY. 132594 NEWSLETTERS, MAGAZINES, AND PROMOTIONAL MATERIALS TO ENHANCE PRIMARY GOALS LISTED IN (A) ABOVE. 7334130 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 28 1 1 1 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 NJ X NEIL SHAH 6094528000 100 VILLAGE BLVD NO 200 PRINCETON NJ 08540 TOM BORGIA CHAIRMAN 1.00 X X 0 0 0 KEVIN FOLEY CCIFP VICE CHAIR 1.00 X X 0 0 0 CARYL CORONIS CPA CCIFP TREASURER 1.00 X X 0 0 0 JENNIFER MURPHY CCIFP VICE CHAIR 1.00 X X 0 0 0 PAM HUMMEL SECRETARY 1.00 X X 0 0 0 ALEX WARNER DIRECTOR 1.00 X 0 0 0 STACEY LANCASTER DIRECTOR 1.00 X 0 0 0 ERIN ROBERTS DIRECTOR 1.00 X 0 0 0 GREG GROSS DIRECTOR 1.00 X 0 0 0 MICHAEL WISEMAN DIRECTOR 1.00 X 0 0 0 ANDREW PRIOR DIRECTOR 1.00 X 0 0 0 ANTHONY STEPHENS CSP CHST ARM DIRECTOR 1.00 X 0 0 0 TIMKEITH RIEDERS DIRECTOR 1.00 X 0 0 0 TIMOTHY WILSON CPA CCIFP DIRECTOR 1.00 X 0 0 0 STUART BINSTOCK PRIOR PRESIDENT/CEO 40.00 X 303925 0 19270 STACY SCHOLL VP OF FINANCE 40.00 X 111943 0 41250 NEIL SHAH PRESIDENT/CEO 40.00 X 228318 0 34735 BRIAN SUMMERS VP OPERATIONS 40.00 X 246914 0 47399 CATHERINE WASNER VP MEMBER & CHAPTER SUPPOR 40.00 X 156370 0 9323 KRISTI DOMBOSKI VICE PRESIDENT OF MARKETIN 40.00 X 122046 0 40701 VERONICA WHITEHEAD EXECUTIVE DIRECTOR 40.00 X 130047 0 5327 JASON BARNHART DIRECTOR OF EDUCATION 40.00 X 158635 0 7248 1458198 0 205253 8 0 1 0 0 4063914 4063914 CONFERENCES 230000 2973507 2973507 EDUCATION 230000 1278484 1278484 ADVERTISING WEBSITE 230000 476395 0 476395 CERTIFICATION 230000 442646 442646 ACCOUNTING & REPORTING 230000 304684 301000 3684 5475716 265195 265195 3236326 3441676 -205350 -205350 -205350 OTHER INCOME 230000 94218 67862 26356 94218 9693693 5063499 506435 59845 778663 450943 327720 2531990 1446034 1085956 120447 76691 43756 329860 210030 119830 242674 146860 95814 13642 10711 2931 18858 14806 4052 333124 261552 71572 149102 87342 61760 92101 67663 24438 280359 80463 199896 262700 193401 69299 149580 99702 49878 2553854 2393411 160443 107501 79143 28358 81964 44055 37909 CHAPTER RESOURCE 509407 509407 MEMBERSHIP 485854 485854 BANK AND CREDIT CARD FE 245428 243430 1998 EDUCATION 200962 200962 285302 231670 53632 9773372 7334130 2439242 0 4432759 5597114 108935 196853 317259 637242 1362816 996889 370902 365927 5984427 6658567 1019663 635692 12233945 14091395 1044288 972164 4843230 6196399 930220 879991 6817738 8048554 X 5416207 6042841 5416207 6042841 12233945 14091395 -79679 732189 -25876 0 X X 0 1 X 1 0 0 1 0 177415 177415 0 1185401 819474 365927 365927 MUTUAL FUNDS 6658567 C 6658567 DUE TO CHAPTER 707704 OPERATING LEASE LIABILITY 172287 879991 X 10400006 732189 732189 9667817 25876 25876 9693693 9773372 0 9773372 0 9773372 PART X, LINE 2: THE ASSOCIATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, IS EXEMPT FROM FEDERAL INCOME TAXES ON INCOME THAT IS RELATED TO ITS TAX-EXEMPT PURPOSES PURSUANT TO SECTION 501(A) OF THE CODE. THE ASSOCIATION IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ASSOCIATION FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE ASSOCIATION IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXMAINATION. AS REQUIRED BY LAW, THE ASSOCIATION FILES INFORMATIONAL RETURNS WITH BOTH THE UNITED STATES FEDERAL AND STATE OF NEW JERSEY JURISDICTION ON AN ANNUAL BASIS-FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE OF NEW JERSEY. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FOR FEDERAL AND FOR NEW JERSEY. 1 X 0 0 0 STUART BINSTOCK PRIOR PRESIDENT/CEO 303925 0 0 0 0 0 0 0 19270 0 323195 0 0 0 BRIAN SUMMERS VP OPERATIONS 246914 0 0 0 0 0 0 0 47399 0 294313 0 0 0 NEIL SHAH PRESIDENT/CEO 228318 0 0 0 0 0 0 0 34735 0 263053 0 0 0 JASON BARNHART DIRECTOR OF EDUCATION 158635 0 0 0 0 0 0 0 7248 0 165883 0 0 0 CATHERINE WASNER VP MEMBER & CHAPTER SUPPOR 156370 0 0 0 0 0 0 0 9323 0 165693 0 0 0 KRISTI DOMBOSKI VICE PRESIDENT OF MARKETIN 122046 0 0 0 0 0 0 0 40701 0 162747 0 0 0 STACY SCHOLL VP OF FINANCE 111943 0 0 0 0 0 0 0 41250 0 153193 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE PEOPLE WHO BELONG TO THIS ORGANIZATION ARE CONSIDERED MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS MAY ELECT THOSE MEMBERS WHO QUALIFY TO BE ON GOVERNING BODY OF THIS ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B ALL DECISIONS BY THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 THE CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 100 VILLAGE BLVD PRINCETON, NJ 08540. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 100 VILLAGE BLVD PRINCETON, NJ 08540. FORM 990 PART XII, LINE 2C THERE WAS NO CHANGE FROM THE PRIOR YEAR.