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Nonprofit · EIN 22-2400462

CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION

Tax-exempt · PRINCETON, NJ 08540

Financials

$8.4M$8.8M2022$9.7M$9.8M2023$10.9M$10.7M2024
Revenue Expenses · by fiscal year end
Financials of CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$10,861,582$10,734,974$126,608$14,913,974$8,711,562$6,202,412
March 31, 2024990$9,693,693$9,773,372-$79,679$14,091,395$8,048,554$6,042,841
March 31, 2023990$8,360,398$8,849,947-$489,549$12,233,945$6,817,738$5,416,207
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$4,542,586
Membership dues
$4,542,586
Program service revenue
$5,895,018
Investment income
$394,950
Net gain from sales of assets
$135,643
Other revenue
$29,028

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$682,831
Other salaries and wages
$2,787,102
Salaries, compensation and benefits (total)
$4,261,082
Professional fundraising fees
$0
Legal fees
$45,316
Accounting fees
$20,000
Occupancy
$236,461
Travel
$595,984
Depreciation
$111,624
Program services (functional)
$8,242,868
Management and general (functional)
$2,492,106

Balance sheet and other

Total assets, start of year
$14,091,395
Total assets, end of year
$14,913,974
Total liabilities, end of year
$8,711,562
Net assets, end of year
$6,202,412
Land, buildings and equipment
$843,589
Net assets without donor restrictions
$6,202,412
Gross unrelated business income
$555,145
Gross receipts
$11,477,275
Employees
31
Volunteers
291
Year formed
1982
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended March 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
NEIL SHAHPRESIDENT/CEO
Officer
40$418,997$41,125
BRIAN SUMMERSVP OPERATIONS
Highest-paid employee
40$266,899$44,248
STACEY SCHOLLVP OF FINANCE
Highest-paid employee
40$165,168$38,480
KRISTI DOMBOSKIVP OF MARKETING
Highest-paid employee
40$156,808$39,827
HEIDI BOEVP MEMBER ENGAGEMENT
Officer
40$141,857$0
CARYL CORONIS CPA CCIFPCHAIRWOMAN
Trustee or director, Officer
1$0$0
JENNIFER MURPHY CCIFPVICE CHAIR
Trustee or director, Officer
1$0$0
JOHN MORAN CCIFP CPATREASURER
Trustee or director, Officer
1$0$0
MARGIE L MORRRIS CCIFPSECRETARY
Trustee or director, Officer
1$0$0
KEVIN FOLEY CCIFPPAST VICE CHAIR
Trustee or director, Officer
1$0$0
990 for the year ended March 31, 2024: 22 people
NameTitleHours / weekCompensationOther / benefits
STUART BINSTOCKPRIOR PRESIDENT/CEO
Officer
40$303,925$19,270
BRIAN SUMMERSVP OPERATIONS
Highest-paid employee
40$246,914$47,399
NEIL SHAHPRESIDENT/CEO
Officer
40$228,318$34,735
JASON BARNHARTDIRECTOR OF EDUCATION
Highest-paid employee
40$158,635$7,248
CATHERINE WASNERVP MEMBER & CHAPTER SUPPOR
Highest-paid employee
40$156,370$9,323
KRISTI DOMBOSKIVICE PRESIDENT OF MARKETIN
Highest-paid employee
40$122,046$40,701
STACY SCHOLLVP OF FINANCE
Officer
40$111,943$41,250
VERONICA WHITEHEADEXECUTIVE DIRECTOR
Highest-paid employee
40$130,047$5,327
TOM BORGIACHAIRMAN
Trustee or director, Officer
1$0$0
KEVIN FOLEY CCIFPVICE CHAIR
Trustee or director, Officer
1$0$0
CARYL CORONIS CPA CCIFPTREASURER
Trustee or director, Officer
1$0$0
JENNIFER MURPHY CCIFPVICE CHAIR
Trustee or director, Officer
1$0$0
PAM HUMMELSECRETARY
Trustee or director, Officer
1$0$0
ALEX WARNERDIRECTOR
Trustee or director
1$0$0
STACEY LANCASTERDIRECTOR
Trustee or director
1$0$0
ERIN ROBERTSDIRECTOR
Trustee or director
1$0$0
GREG GROSSDIRECTOR
Trustee or director
1$0$0
MICHAEL WISEMANDIRECTOR
Trustee or director
1$0$0
ANDREW PRIORDIRECTOR
Trustee or director
1$0$0
ANTHONY STEPHENS CSP CHST ARMDIRECTOR
Trustee or director
1$0$0
TIMKEITH RIEDERSDIRECTOR
Trustee or director
1$0$0
TIMOTHY WILSON CPA CCIFPDIRECTOR
Trustee or director
1$0$0
990 for the year ended March 31, 2023: 20 people
NameTitleHours / weekCompensationOther / benefits
STUART BINSTOCKPRESIDENT/CEO
Officer
40$363,196$25,538
BRIAN SUMMERSVP OPERATIONS
Highest-paid employee
40$232,563$41,267
SAMANTHA LAKEVICE PRESIDENT OF MARKETING
Highest-paid employee
40$175,017$31,640
CATHERINE WASNERVP MEMBER & CHAPTER SUPPORT
Highest-paid employee
40$156,120$26,170
VERONICA WHITEHEADEXECUTIVE DIRECTOR
Highest-paid employee
40$130,111$7,952
STACY SCHOLLDIRECTOR OF FINANCE
Officer
40$101,092$33,189
TOM BORGIACHAIRMAN
Trustee or director, Officer
1$0$0
KEVIN FOLEY CCIFPVICE CHAIRMAN
Trustee or director, Officer
1$0$0
CARYL CORONIS CPA CCIFPTREASURER
Trustee or director, Officer
1$0$0
JASON MYERS CPASECRETARY
Trustee or director, Officer
1$0$0
ANDREW CHAPELDIRECTOR
Trustee or director
1$0$0
STEVEN FOSTERDIRECTOR
Trustee or director
1$0$0
MATTHEW HARRISDIRECTOR
Trustee or director
1$0$0
PAM HUMMELDIRECTOR
Trustee or director
1$0$0
STACEY LANCASTERDIRECTOR
Trustee or director
1$0$0
M ANDREW PRIORDIRECTOR
Trustee or director
1$0$0
ANTHONY STEPHENS CSP CHST ARMDIRECTOR
Trustee or director
1$0$0
MIKE STEPHENS CPADIRECTOR
Trustee or director
1$0$0
TIMOTHY WILSON CPA CCIFPDIRECTOR
Trustee or director
1$0$0
MICHAEL WISEMANDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
214 CARNEGIE CTR STE 1, PRINCETON, NJ 08540-6237
Mailing address (990-N for 2007)
24 Greenway Plaza, Suite 1800, Houston TX 77046
Principal officer (990 for 2024)
NEIL SHAH, 214 CARNEGIE CENTER DRIVE 110, PRINCETON, NJ 08540
Principal officer (990-N for 2007)
Paul Bonnington, 1 Riverway, Suite 1000, Houston TX 77056
Signed the 990
NEIL SHAH, PRESIDENT/CEO
Phone
(609) 452-8000
Return prepared by
NISIVOCCIA LLP

Mission

TO DEVELOP AND COORDINATE EDUCATIONAL PROGRAMS DEDICATED TO THE PURPOSE OF IMPROVING THE PROFESSIONAL STANDARDS OF CONSTRUCTION FINANCIAL MANAGERS.

990 for the year ended March 31, 2025

Program accomplishments

  • CONFERENCES, CONVENTIONS & MEETINGS HELD FOR EDUCATIONAL PURPOSES TO UPDATE, INFORM & INSTRUCT FINANCIAL MANAGERS & THEIR EMPLOYEES IN THE CONSTRUCTION FINANCIAL MANAGEMENT INDUSTRY.
    Expenses $8,103,958
  • NEWSLETTERS, MAGAZINES, AND PROMOTIONAL MATERIALS TO ENHANCE PRIMARY GOALS LISTED IN (A) ABOVE.
    Expenses $138,910

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
22-2400462
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1986
Accounting year ends
March
Files
Form 990 or 990-EZ
Group exemption
9139 (88 member organizations)
Assets (IRS master file)
$14,913,974
Income (IRS master file)
$11,477,275

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$10,861,582$10,734,974$14,913,974XML
990March 2024$9,693,693$9,773,372$14,091,395XML
990March 2023$8,360,398$8,849,947$12,233,945XML
990March 2022$6,816,166$6,733,672$11,734,249IRS
990March 2021–––IRS
990March 2020–––IRS
990March 2019–––IRS
990March 2018–––IRS
990-N for 2007
Officer: Paul Bonnington
March 31, 2008≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2400462).

Questions about CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION

What is the EIN of CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION?
The employer identification number (EIN) of CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION is 22-2400462.
Is CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1986.
Are donations to CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION?
The 990 for the year ended March 31, 2025 names NEIL SHAH.
Who are the officers and directors of CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION?
The 990 for the year ended March 31, 2025 lists 10 people; 5 received compensation from the organization, the highest $418,997 (NEIL SHAH, PRESIDENT/CEO).
How much revenue does CONSTRUCTION FINANCIAL MANAGEMENT ASSOCIATION have?
On its 990 for the year ended March 31, 2025 it reported revenue of $10,861,582, expenses of $10,734,974 and total assets of $14,913,974 at year end.

Organizations in its group exemption (88)

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