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Nonprofit · EIN 22-2659674

INSTITUTE OF MANAGEMENT ACCOUNTANTS INC

Tax-exempt · MONTVALE, NJ 07645

Financials

$20.8M$23M2022$20.4M$19.7M2023$24.8M$16.2M2024
Revenue Expenses · by fiscal year end
Financials of INSTITUTE OF MANAGEMENT ACCOUNTANTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$24,832,517$16,210,073$8,622,444$53,504,570$35,645,681$17,858,889
June 30, 2024990$20,410,946$19,704,264$706,682$46,318,464$37,995,934$8,322,530
June 30, 2023990$20,826,836$23,034,626-$2,207,790$47,304,030$40,065,243$7,238,787
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,869,126
of which government grants
$1,750,014
Program service revenue
$19,513,556
Investment income
$3,199,302
Royalties
$119,637
Net gain from sales of assets
$2,665,324
Other revenue
$250,533

Expenses

Grants and similar amounts paid
$169,047
Compensation of officers, directors and key employees
$1,553,360
Other salaries and wages
$11,816,498
Salaries, compensation and benefits (total)
$15,929,835
Professional fundraising fees
$0
Legal fees
$177,951
Accounting fees
$84,559
Occupancy
$898,023
Travel
$449,816
Depreciation
$1,214,647
Program services (functional)
$12,286,381
Management and general (functional)
$3,923,692

Balance sheet and other

Total assets, start of year
$46,318,464
Total assets, end of year
$53,504,570
Total liabilities, end of year
$35,645,681
Net assets, end of year
$17,858,889
Land, buildings and equipment
$1,472,141
Publicly traded securities
$28,016,093
Net assets without donor restrictions
$17,858,889
Gross unrelated business income
$117,227
Gross receipts
$29,647,198
Employees
93
Volunteers
2,700
Year formed
1919
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MICHAEL DEPRISCOPRESIDENT & CEO
Trustee or director, Officer
39$803,147$17,545
CHRISTINE MILLAWAY CPASR VICE PRESIDENT & CFO
Officer
38.5$386,229$17,212
TRAVIS WILLARDSR VICE PRESIDENT
Highest-paid employee
20$335,532$14,852
ELLEN GUREVICH CAEVICE PRESIDENT (THRU 01/25)
Highest-paid employee
20$302,144$16,257
DIANNA STEINBACHCHIEF GROWTH & MKTG. OFFICER
Highest-paid employee
20$302,353$11,247
JACKIE OPPENHEIMVICE PRESIDENT
Highest-paid employee
20$291,763$15,844
PATRICIA STEFANCZYK CAEVICE PRESIDENT
Highest-paid employee
20$270,857$14,624
RICHARD T BRADY CMA CGFMCHAIR EMERITUS
Trustee or director, Officer
4$0$0
SUNIL S DESHMUKH CMA CBMCHAIR
Trustee or director, Officer
6$0$0
PETER J DOLANCMACFMCSCACPACHAIR ELECT
Trustee or director, Officer
4$0$0
AHMED HASSAN CMADIRECTOR
Trustee or director
2$0$0
AKOMU OMOYE OKOH CMA CSCA CADIRECTOR, NON-VOTING
Trustee or director
2$0$0
ALI FATIH DALKILICCMACSCACIADIRECTOR
Trustee or director
2$0$0
ANTHONY N CASPIO CMADIRECTOR
Trustee or director
4$0$0
BRAD LEDFORD CMA CPADIRECTOR
Trustee or director
2$0$0
28 more people on this return
NameTitleHours / weekCompensation
BRIGITTE DE GRAAF CMADIRECTOR
Trustee or director
4$0
CHARLES R WRIGHT CMACGMACPADIRECTOR
Trustee or director
2$0
DANA C RIESSCMACFMCPACPIMDIRECTOR
Trustee or director
2$0
DEBORAH C MICHALOWSKI CPADIRECTOR
Trustee or director
2$0
DR RINKU BHATTACHARYA CMACPADIRECTOR
Trustee or director
4$0
DR ROOPA VENKATESH CMADIRECTOR
Trustee or director
2$0
ELHADI E ELIMAM CMADIRECTOR
Trustee or director
2$0
ERIC L LENARD CMA CFMDIRECTOR
Trustee or director
2$0
FEMKE AARTS CMA CFEDIRECTOR
Trustee or director
2$0
FLORENCE BELL CMADIRECTOR
Trustee or director
2$0
GERALD T RATIGANJRCMACSCADIRECTOR
Trustee or director
2$0
HESSEL H F BROUWER CMADIRECTOR
Trustee or director
2$0
JAMES R TILK CMA CPADIRECTOR
Trustee or director
2$0
JAMES TADEWALD CMACFMCFECIADIRECTOR
Trustee or director
2$0
JAVVADI H RAO CMA CFM CIADIRECTOR
Trustee or director
2$0
JOSCEL BARRIO DELOS CIELOS CMADIRECTOR
Trustee or director
2$0
MIN HANDIRECTOR
Trustee or director
2$0
PAMELA R HOGANSCMACSCA CPADIRECTOR
Trustee or director
2$0
PATTI A HUMBLE CMA CFM CPADIRECTOR
Trustee or director
2$0
PING LU CMA ACCADIRECTOR
Trustee or director
2$0
PRAKASH RAJANCMACPACGMACADIRECTOR
Trustee or director
4$0
QING ZHU CMA CSCADIRECTOR
Trustee or director
2$0
QINGHUA LIUDIRECTOR
Trustee or director
2$0
SARVOTTAM SUHAS REGE CMADIRECTOR
Trustee or director
2$0
SRIKRISHNA MANKAL CMADIRECTOR
Trustee or director
2$0
TONY SHEUNG FAI KAM CMADIRECTOR
Trustee or director
2$0
YASMIN M EL GIBALY CMADIRECTOR
Trustee or director
2$0
YI ZHANG CMADIRECTOR
Trustee or director
2$0
990 for the year ended June 30, 2024: 44 people
NameTitleHours / weekCompensationOther / benefits
JEFFREY THOMSON CMA CSCA CAEFORMER PRESIDENT & CEO
Former
39$566,123$49,252
MICHAEL DEPRISCOPRESIDENT & CEO
Trustee or director, Officer
39$543,750$18,846
RUSS PORTER CMA CFM CSCASR VICE PRESIDENT & CFO (THRU 08/23)
Officer
38.5$290,248$17,053
ELLEN GUREVICH CAEVICE PRESIDENT
Highest-paid employee
20$277,252$19,329
PATRICIA STEFANCZYK CAEVICE PRESIDENT
Highest-paid employee
20$240,921$16,175
JACKIE OPPENHEIMVICE PRESIDENT
Highest-paid employee
20$228,700$17,387
MIAOMIAO TIANSR DIRECTOR (THRU 02/24)
Highest-paid employee
20$199,236$9,722
LISA BEAUDOINSR DIRECTOR (THRU 02/24)
Highest-paid employee
20$193,199$10,026
CHRISTINE MILLAWAY CPASVP & CFO (BEG 11/23 - SEE SCH O)
Officer
38.5$143,969$0
RICHARD T BRADY CMA CGFMCHAIR
Trustee or director, Officer
6$0$0
GWEN VAN BERNE CMACHAIR EMERITUS
Trustee or director, Officer
4$0$0
AHMED HASSAN CMADIRECTOR
Trustee or director
2$0$0
ALI FATIH DALKILICCMACSCACIADIRECTOR
Trustee or director
2$0$0
BERNICE JENKINS CMA CPADIRECTOR
Trustee or director
2$0$0
BRAD LEDFORD CMA CPADIRECTOR
Trustee or director
2$0$0
BRIGITTE DE GRAAF CMADIRECTOR
Trustee or director
2$0$0
CHARLES R WRIGHTCMACGMACPADIRECTOR
Trustee or director
2$0$0
DANA C RIESSCMACFMCPACPIMDIRECTOR
Trustee or director
2$0$0
DEBORAH C MICHALOWSKI CPADIRECTOR
Trustee or director
2$0$0
DEREK ALAN FUZZELLCMACSCACPADIRECTOR
Trustee or director
2$0$0
DR DI WU CMA CPADIRECTOR
Trustee or director
2$0$0
DR RINKU BHATTACHARYA CMACPADIRECTOR
Trustee or director
4$0$0
DR ROOPA VENKATESH CMADIRECTOR
Trustee or director
4$0$0
ERIC L LENARD CMA CFMDIRECTOR
Trustee or director
2$0$0
FATEMA ELZAHRAA EL WAKEEL CMADIRECTOR
Trustee or director
2$0$0
FEMKE AARTS CMA CFEDIRECTOR
Trustee or director
2$0$0
GERALD T RATIGANJRCMACSCADIRECTOR
Trustee or director
2$0$0
HESSEL H F BROUWER CMADIRECTOR
Trustee or director
2$0$0
YASMIN M EL GIBALY CMADIRECTOR
Trustee or director
2$0$0
JAVVADI H RAO CMA CFM CIADIRECTOR
Trustee or director
2$0$0
JAYWARDHAN SEMWAL CMADIRECTOR
Trustee or director
2$0$0
JOSCEL BARRIO DELOS CIELOS CMA CSCADIRECTOR
Trustee or director
2$0$0
LAURIE A BERGMAN CMA CPADIRECTOR
Trustee or director
2$0$0
MICHAEL J PHILLIPS CMA CFMDIRECTOR
Trustee or director
2$0$0
PAMELA R HOGANSCMACSCA CPADIRECTOR
Trustee or director
2$0$0
PATTI A HUMBLE CMA CFM CPADIRECTOR
Trustee or director
2$0$0
PETER J DOLANCMACFMCSCACPADIRECTOR
Trustee or director
4$0$0
QINGHUA LIUDIRECTOR
Trustee or director
2$0$0
QING ZHU CMA CSCADIRECTOR
Trustee or director
2$0$0
SRIKRISHNA MANKAL CMADIRECTOR
Trustee or director
2$0$0
SUNIL S DESHMUKH CMA CBMDIRECTOR
Trustee or director
4$0$0
TONY SHEUNG FAI KAM CMADIRECTOR
Trustee or director
2$0$0
YI ZHANG CMADIRECTOR
Trustee or director
4$0$0
ZHANGUANG DI CMADIRECTOR
Trustee or director
2$0$0
990 for the year ended June 30, 2023: 44 people
NameTitleHours / weekCompensationOther / benefits
JEFFREY THOMSON CMA CSCA CAEPRESIDENT & CEO
Trustee or director, Officer
39$712,599$22,846
RUSS PORTER CMA CFM CSCASR VICE PRESIDENT & CFO
Officer
38.5$411,194$20,324
ELLEN GUREVICH CAEVICE PRESIDENT
Highest-paid employee
20$267,288$19,200
PADRAIG HARE CAE CGEITVICE PRESIDENT (THRU 01/23)
Highest-paid employee
20$271,132$12,810
PATRICIA STEFANCZYK CAEVICE PRESIDENT
Highest-paid employee
20$249,185$16,657
STEVE SHANNONDIRECTOR (THRU 03/23)
Highest-paid employee
20$235,822$12,999
LOREAL JILESVICE PRESIDENT
Highest-paid employee
19.5$218,475$17,090
MICHAEL DEPRISCOPRESIDENT & CEO (BEG 04/23)
Trustee or director, Officer
39$0$0
GWEN VAN BERNE CMACHAIR
Trustee or director, Officer
6$0$0
RICHARD T BRADY CMA CGFMCHAIR ELECT
Trustee or director, Officer
4$0$0
J STEPHEN MCNALLY CMA CPACHAIR EMERITUS
Trustee or director, Officer
4$0$0
AHMED HASSAN CMADIRECTOR
Trustee or director
2$0$0
ALI FATIH DALKILICCMACSCACIADIRECTOR
Trustee or director
2$0$0
BERNICE JENKINS CMA CPADIRECTOR
Trustee or director
4$0$0
BRAD LEDFORD CMA CPADIRECTOR
Trustee or director
2$0$0
BRIGITTE DE GRAAF CMADIRECTOR
Trustee or director
2$0$0
CATHERINE B LONG CMADIRECTOR
Trustee or director
2$0$0
CHARLES R WRIGHTCMACGMACPADIRECTOR
Trustee or director
2$0$0
DANA C RIESSCMACFMCPACPIMDIRECTOR
Trustee or director
4$0$0
DEBORAH C MICHALOWSKI CPADIRECTOR
Trustee or director
2$0$0
DEREK ALAN FUZZELLCMACSCACPADIRECTOR
Trustee or director
4$0$0
DR DI WU CMA CPADIRECTOR
Trustee or director
2$0$0
DR RINKU BHATTACHARYA CMACPADIRECTOR
Trustee or director
2$0$0
DR ROOPA VENKATESH CMADIRECTOR
Trustee or director
2$0$0
ERIC L LENARD CMA CFMDIRECTOR
Trustee or director
2$0$0
FATEMA ELZAHRAA EL WAKEEL CMADIRECTOR
Trustee or director
2$0$0
FEMKE AARTS CMA CFEDIRECTOR
Trustee or director
2$0$0
GERALD T RATIGANJRCMACSCADIRECTOR
Trustee or director
2$0$0
HESSEL H F BROUWER CMADIRECTOR
Trustee or director
2$0$0
JANE E KARLI CMADIRECTOR
Trustee or director
2$0$0
JAVVADI H RAO CMA CFM CIA FCMADIRECTOR
Trustee or director
2$0$0
JAYWARDHAN SEMWAL CMADIRECTOR
Trustee or director
2$0$0
JOSCEL BARRIO DELOS CIELOS CMA CSCADIRECTOR
Trustee or director
2$0$0
LAURIE A BERGMAN CMA CPADIRECTOR
Trustee or director
2$0$0
MICHAEL J PHILLIPS CMA CFM CTPDIRECTOR
Trustee or director
2$0$0
PAMELA R HOGANSCMACSCA CPADIRECTOR
Trustee or director
2$0$0
PATTI A HUMBLE CMA CFM CPADIRECTOR
Trustee or director
2$0$0
PETER J DOLANCMACFMCSCACPADIRECTOR
Trustee or director
4$0$0
QING ZHU CMA CSCADIRECTOR
Trustee or director
2$0$0
SRIKRISHNA MANKAL CMADIRECTOR, NON-VOTING
Trustee or director
2$0$0
SUNIL S DESHMUKH CMA CBMDIRECTOR
Trustee or director
2$0$0
TONY SHEUNG FAI KAM CMADIRECTOR
Trustee or director
2$0$0
YI ZHANG CMADIRECTOR
Trustee or director
4$0$0
ZHANGUANG DI CMADIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
10 PARAGON DRIVE, MONTVALE, NJ 07645-1773
In care of
% CHRISTINE MILLAWAY
Mailing address (990-N for 2017)
PO Box 8278, Lexington KY 40383
Principal officer (990 for 2024)
MICHAEL DEPRISCO, 10 PARAGON DRIVE, MONTVALE, NJ 07645
Principal officer (990-N for 2017)
Cassandra Smith, 316 Beacon Hill, Versailles KY 40383
Signed the 990
CHRISTINE MILLAWAY, CFO & SVP
Phone
(201) 573-9000
Return prepared by
GRANT THORNTON ADVISORS LLC

Mission

TO PROVIDE A FORUM FOR RESEARCH, PRACTICE DEVELOPMENT, EDUCATION, KNOWLEDGE SHARING AND THE ADVOCACY OF THE HIGHEST ETHICAL AND BEST BUSINESS PRACTICES IN MANAGEMENT ACCT & FINANCE.

990 for the year ended June 30, 2025

Program accomplishments

  • MEMBERSHIP SERVICES PROVIDED OPPORTUNITIES FOR MEMBERS TO INCREASE THEIR KNOWLEDGE OF ACCOUNTING PRACTICES AND METHODS WITH EMPHASIS ON MANAGEMENT ACCOUNTING, AND TO INCREASE THEIR INDIVIDUAL CAPABILITIES. NETWORKING OPPORTUNITIES THROUGH CHAPTERS AND COUNCILS ENABLE MEMBERS TO LEARN FROM EACH OTHER AND PARTICIPATE IN LOCAL EDUCATIONAL EVENTS. ONLINE COMMUNITIES ARE ALSO PROVIDED TO CONNECT MEMBERS FROM ALL REGIONS. IN FISCAL YEAR 2025, YEAR-END MEMBERSHIP WAS 123,118.
    Expenses $9,326,385 · grants $169,047 · revenue $16,318,051
  • EDUCATIONAL OPPORTUNITIES ARE PROVIDED TO ASSIST INDIVIDUALS PREPARING FOR THE CERTIFICATION EXAMINATION IN MANAGEMENT ACCOUNTING, AND TO MAINTAIN PROFESSIONAL CREDENTIALS IN MANAGEMENT ACCOUNTING. IN FISCAL YEAR 2025, CONTINUING EDUCATION COURSE CREDIT HOURS PROVIDED TO MEMBERS AND THE GENERAL PUBLIC TOTALED 398,554.
    Expenses $2,266,685 · revenue $3,200,997
  • PUBLICATION OF ACCOUNTING PERIODICALS AND LITERATURE, AND ACCOUNTING RESEARCH STATEMENTS AND POSITION, AVAILABLE TO MEMBERS AND THE GENERAL PUBLIC TO INCREASE KNOWLEDGE AND ACCESS TO INFORMATION, IN MANAGEMENT ACCOUNTING PRACTICES AND METHODS. IN FISCAL YEAR 2025, YEAR-END MEMBERSHIP WAS 123,118.
    Expenses $693,311 · revenue $125,404

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
22-2659674
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Group exemption
Exempt since
1974
Accounting year ends
June
Files
Form 990 or 990-EZ
Group exemption
2501 (107 member organizations)
Assets (IRS master file)
$53,504,570
Income (IRS master file)
$29,647,198

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$24,832,517$16,210,073$53,504,570IRS
990-TJune 2025–––IRS
990June 2024$20,410,946$19,704,264$46,318,464XML
990-TJune 2024–––IRS
990June 2023$20,826,836$23,034,626$47,304,030XML
990-TJune 2023–––IRS
990June 2022$21,584,629$27,498,065$56,534,906IRS
990-TJune 2022–––IRS
990June 2021$24,203,073$23,273,516$73,087,120IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990-N for 2017
Officer: Cassandra Smith
June 30, 2018≤ $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 22-2659674).

Questions about INSTITUTE OF MANAGEMENT ACCOUNTANTS INC

What is the EIN of INSTITUTE OF MANAGEMENT ACCOUNTANTS INC?
The employer identification number (EIN) of INSTITUTE OF MANAGEMENT ACCOUNTANTS INC is 22-2659674.
Is INSTITUTE OF MANAGEMENT ACCOUNTANTS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to INSTITUTE OF MANAGEMENT ACCOUNTANTS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Group exemption).
Which annual return does INSTITUTE OF MANAGEMENT ACCOUNTANTS INC 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 INSTITUTE OF MANAGEMENT ACCOUNTANTS INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INSTITUTE OF MANAGEMENT ACCOUNTANTS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of INSTITUTE OF MANAGEMENT ACCOUNTANTS INC?
The 990 for the year ended June 30, 2025 names MICHAEL DEPRISCO.
Who are the officers and directors of INSTITUTE OF MANAGEMENT ACCOUNTANTS INC?
The 990 for the year ended June 30, 2025 lists 43 people; 7 received compensation from the organization, the highest $803,147 (MICHAEL DEPRISCO, PRESIDENT & CEO).
How much revenue does INSTITUTE OF MANAGEMENT ACCOUNTANTS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $24,832,517, expenses of $16,210,073 and total assets of $53,504,570 at year end.

Organizations in its group exemption (107)

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