Nonprofit · EIN 38-2287777
PRODUCT DEVELOPMENT & MANAGEMENT ASSOCIATION
Tax-exempt · MINNEAPOLIS, MN 55416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,434,569 | $1,396,511 | $38,058 | $1,890,674 | $52,239 | $1,838,435 |
| December 31, 2023 | 990 | $1,827,067 | $1,183,763 | $643,304 | $1,815,558 | $53,567 | $1,761,991 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,398,052
- Investment income
- $29,387
- Royalties
- $7,130
- Other revenue
- $7,130
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,793
- Accounting fees
- $21,995
- Travel
- $17,284
- Depreciation
- $30,005
Balance sheet and other
- Total assets, start of year
- $1,815,558
- Total assets, end of year
- $1,890,674
- Total liabilities, end of year
- $52,239
- Net assets, end of year
- $1,838,435
- Publicly traded securities
- $1,066,440
- Net assets without donor restrictions
- $1,838,435
- Gross unrelated business income
- $50
- Gross receipts
- $1,434,569
- Employees
- 0
- Volunteers
- 45
- Year formed
- 1980
- State of legal domicile
- MI
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN PENTA | CHAIR Trustee or director, Officer | 5 | $0 |
| MARLON HERNANDEZ | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| ROSANNA STOKES | SECRETARY-TREASUER Trustee or director, Officer | 5 | $0 |
| GREG COTICCHIA | DIRECTOR Trustee or director | 5 | $0 |
| LUDWIG BSTIELER | DIRECTOR Trustee or director | 5 | $0 |
| KRISTYN CORRIGAN | DIRECTOR Trustee or director | 5 | $0 |
| NARIMAN LOTFI | DIRECTOR Trustee or director | 5 | $0 |
| MICHAEL O'CONNOR | DIRECTOR Trustee or director | 5 | $0 |
| WAYNE FISHER | DIRECTOR Trustee or director | 5 | $0 |
| ROLANDO CRUZADO | DIRECTOR Trustee or director | 5 | $0 |
| GLORIA BARCZAK | DIRECTOR Trustee or director | 5 | $0 |
| BILL REID | DIRECTOR Trustee or director | 5 | $0 |
| RUBY LEE | DIRECTOR Trustee or director | 5 | $0 |
| ANDREAS MAIHOEFER | DIRECTOR Trustee or director | 5 | $0 |
| SEIF ABDELGHANY | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN PENTA | CHAIR Trustee or director, Officer | 5 | $0 |
| MARLON HERNANDEZ | SECRETARY-TREASURER Trustee or director, Officer | 5 | $0 |
| LUDWIG BSTIELER | DIRECTOR Trustee or director | 5 | $0 |
| MICHAEL O'CONNOR | DIRECTOR Trustee or director | 5 | $0 |
| WAYNE FISHER | DIRECTOR Trustee or director | 5 | $0 |
| GREG COTICCHIA | DIRECTOR Trustee or director | 5 | $0 |
| LUIGI DELUCA | DIRECTOR Trustee or director | 5 | $0 |
| NARIMAN LOTFI | DIRECTOR Trustee or director | 5 | $0 |
| KRISTYN CORRIGAN | DIRECTOR Trustee or director | 5 | $0 |
| ROLANDO CRUZADO | DIRECTOR Trustee or director | 5 | $0 |
| ROSANNA STOKES | DIRECTOR Trustee or director | 5 | $0 |
| BILL REID | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1601 UTICA AVE S STE 213, MINNEAPOLIS, MN 55416-3487
- Principal officer (990 for 2024)
- SUSAN PENTA, 1601 UTICA AVE S 213, MINNEAPOLIS, MN 55416
- Signed the 990
- SUSAN PENTA, CHAIR
- Phone
- (651) 290-6260
- Website
- WWW.PDMA.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PDMA PROVIDES ACCESS TO THE HIGHEST QUALITY EDUCATION, TRAINING, CERTIFICATION, AND PRIMARY RESEARCH PRODUCTS AS A CONTENT CREATOR AND CURATOR.
Program accomplishments
- CONFERENCE:ANNUAL GLOBAL CONFERENCE IN THE FALL WITH OVER 350 ATTENDEES. PRODUCT DEVELOPMENT PROFESSIONALS GATHER TO NETWORK AND REVIEW THE LATEST NEW PRODUCT DEVELOPMENT BEST PRACTICES. THE CONFERENCE ALSO INCLUDES KEYNOTE SPEAKERS, PANELS, WORKSHOPS, AND MORE.0
- CHAPTER EVENTS:PDMA SPONSORS LOCAL US CHAPTERS AND INTERNATIONAL AFFILIATE MEETINGS THAT OFFER OPPORTUNITIES FOR LOCAL INVOLVEMENT, NETWORKING, AND EXCHANGE OF IDEAS.0
- PUBLICATIONS/WEBSITE:PDMA PUBLISHES THE FOLLOWING: JOURNAL OF PRODUCT INNOVATION MANAGEMENT (JPIM), PDMA HANDBOOK OF NEW PRODUCT DEVELOPMENT (4TH EDITION), PDMA TOOL BOOK 1, 2, AND 3 FOR NEW PRODUCT DEVELOPMENT, NEW PRODUCT DEVELOPMENT FOR DUMMIES, PDMA BODY OF KNOWLEDGE, 3RD EDITION, DESIGN THINKING: NEW PRODUCT DEVELOPMENT ESSENTIALS, AND OPEN INNOVATION: NEW PRODUCT DEVELOPMENT ESSENTIALS.0
- PDMA HAS A CERTIFICATION PROGRAM NEW PRODUCT DEVELOPMENT PROFESSIONAL (NPDP)0
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-2287777
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,890,674
- Income (IRS master file)
- $1,434,569
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,434,569 | $1,396,511 | $1,890,674 | IRS |
| 990 | December 2023 | $1,827,067 | $1,183,763 | $1,815,558 | XML |
| 990 | December 2022 | $1,471,117 | $1,117,774 | $1,244,150 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 38-2287777).
Questions about PRODUCT DEVELOPMENT & MANAGEMENT ASSOCIATION
- What is the EIN of PRODUCT DEVELOPMENT & MANAGEMENT ASSOCIATION?
- The employer identification number (EIN) of PRODUCT DEVELOPMENT & MANAGEMENT ASSOCIATION is 38-2287777.
- Is PRODUCT DEVELOPMENT & MANAGEMENT ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1986.
- Are donations to PRODUCT DEVELOPMENT & MANAGEMENT ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PRODUCT DEVELOPMENT & 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 PRODUCT DEVELOPMENT & MANAGEMENT ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRODUCT DEVELOPMENT & MANAGEMENT ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRODUCT DEVELOPMENT & MANAGEMENT ASSOCIATION?
- The 990 for the year ended December 31, 2024 names SUSAN PENTA.
- Who are the officers and directors of PRODUCT DEVELOPMENT & MANAGEMENT ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does PRODUCT DEVELOPMENT & MANAGEMENT ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,434,569, expenses of $1,396,511 and total assets of $1,890,674 at year end.
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