Nonprofit · EIN 92-1373494
INVESTMENT DIVERSITY ADVISORY COUNCIL INC
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $638,973 | $731,332 | -$92,359 | $556,584 | $43,154 | $513,430 |
| December 31, 2023 | 990 | $762,628 | $436,799 | $325,829 | $608,388 | $2,600 | $605,788 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $635,950
- Investment income
- $3,023
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $186,885
- Salaries, compensation and benefits (total)
- $203,372
- Professional fundraising fees
- $0
- Legal fees
- $5,812
- Accounting fees
- $17,000
- Travel
- $32,983
Balance sheet and other
- Total assets, start of year
- $608,389
- Total assets, end of year
- $556,584
- Total liabilities, end of year
- $43,154
- Net assets, end of year
- $513,430
- Net assets without donor restrictions
- $513,430
- Gross receipts
- $638,973
- Employees
- 1
- Volunteers
- 16
- Year formed
- 2022
- State of legal domicile
- DE
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 |
|---|---|---|---|
| MONALISA COMO | CEO/PRESIDENT Officer | 40 | $181,923 |
| SAM AUSTIN | CHAIR & FOUNDER Trustee or director, Officer | 5 | $0 |
| REGINALD SCANTLEBURY | CO VICE-CHAIR Trustee or director, Officer | 5 | $0 |
| BILL BRAXTON | CO VICE-CHAIR Trustee or director, Officer | 5 | $0 |
| JOE BLAIR | TREASURER Trustee or director, Officer | 5 | $0 |
| STEPHANIE ROBERTS | SECRETARY Trustee or director, Officer | 5 | $0 |
| TERI NOBLE | BOARD MEMBER Trustee or director | 5 | $0 |
| ALEX WIGGINS | BOARD MEMBER Trustee or director | 5 | $0 |
| ANGELA OLDEN | BOARD MEMBER Trustee or director | 5 | $0 |
| MACHEL ALLEN | BOARD MEMBER Trustee or director | 5 | $0 |
| LAUREN MATHIAS | BOARD MEMBER Trustee or director | 5 | $0 |
| GABRIEL RODRIGUEZ | BOARD MEMBER Trustee or director | 5 | $0 |
| MAISIE SHORT | BOARD MEMBER Trustee or director | 5 | $0 |
| JONATHAN GLIDDEN | BOARD MEMBER Trustee or director | 5 | $0 |
| SAMANTHA GRANT | BOARD MEMBER Trustee or director | 5 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERICA SEREMETA | BOARD MEMBER Trustee or director | 5 | $0 |
| MINA PACHECO NAZEMI | BOARD MEMBER Trustee or director | 5 | $0 |
| PRINCE DYKES | BOARD MEMBER Trustee or director | 5 | $0 |
| ANGELA MATHENY | BOARD MEMBER Trustee or director | 5 | $0 |
| ANGELA MILLER-MAY | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAM AUSTIN | CHAIR Trustee or director, Officer | 5 | $0 |
| BILL BRAXTON | CO-VICE CHAIR Trustee or director, Officer | 5 | $0 |
| REGINALD SCANTLEBURY | CO-VICE CHAIR Trustee or director, Officer | 5 | $0 |
| JOE BLAIR | TREASURER Trustee or director, Officer | 5 | $0 |
| STEPHANIE ROBERTS | SECRETARY Trustee or director, Officer | 5 | $0 |
| ALEX WIGGINS | BOARD MEMBER Trustee or director | 5 | $0 |
| ANGELA MILLER-MAY | BOARD MEMBER Trustee or director | 5 | $0 |
| ANGELA OLDEN | BOARD MEMBER (THROUGH 11/2023) Trustee or director | 5 | $0 |
| DEBORAH GALLEGOS | BOARD MEMBER (THROUGH 11/2023) Trustee or director | 5 | $0 |
| ERICA SEREMETA | BOARD MEMBER Trustee or director | 5 | $0 |
| GABRIEL RODRIGUEZ | BOARD MEMBER Trustee or director | 5 | $0 |
| JONATHAN GLIDDEN | BOARD MEMBER Trustee or director | 5 | $0 |
| LAUREN MATHIAS | BOARD MEMBER Trustee or director | 5 | $0 |
| MACHEL ALLEN | BOARD MEMBER Trustee or director | 5 | $0 |
| MINA PACHECO NAZEMI | BOARD MEMBER Trustee or director | 5 | $0 |
| SAMANTHA GRANT | BOARD MEMBER Trustee or director | 5 | $0 |
| TERI NOBLE | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 330 W 38TH ST RM 1105, NEW YORK, NY 10018-8403
- In care of
- % JOE BLAIR TREASURER
- Principal officer (990 for 2024)
- JOE BLAIR, 330 WEST 38TH STREET SUITE 1105, NEW YORK, NY 10018
- Signed the 990
- JOE BLAIR, TREASURER
- Phone
- (212) 496-3155
- Website
- IDAC.NET
- Return prepared by
- BONADIO & CO LLP
Mission
THE INVESTMENT DIVERSITY ADVISORY COUNCIL, INC., OR IDAC, IS MORE THAN JUST A 501C-6 MEMBERSHIP ORGANIZATION. IT'S A COLLABORATIVE NETWORK THAT UNITES THE FINANCIAL SECTOR, BRINGING TOGETHER INDUSTRY LEADERS AND ORGANIZATIONS TO CHAMPION AND IDENTIFY INNOVATIVE SOLUTIONS FOR CAPITAL MAXIMIZATION. BY UNLOCKING UNTAPPED POTENTIAL AND TALENT, IDAC'S NETWORK OF LEADERS STRIVES TO CREATE SUPERIOR OUTCOMES FOR STAKEHOLDERS, WITH FINANCIAL INCLUSION AS THE CORE MISSION.
Program accomplishments
- 2024 IDAC SUMMIT GATHERING INDUSTRY LEADERS AND ORGANIZATIONS FOR ITS GLOBAL FINANCE SUMMIT ON TALENT MAXIMIZATION HOSTED AT THE MAJESTIC PARTNER'S GROUP US HEADQUARTERS IN BROOMFIELD, COLORADO. THIS YEAR'S THEME, "ELEVATING THE CONVERSATION," DRAWS INSPIRATION FROM THE RENAISSANCE --A PERIOD MARKED BY SCIENTIFIC, ARTISTIC AND CULTURAL INNOVATIONS.revenue $635,950
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
- 92-1373494
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $556,584
- Income (IRS master file)
- $638,973
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $638,973 | $731,332 | $556,584 | XML |
| 990 | December 2023 | $762,628 | $436,799 | $608,388 | XML |
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 92-1373494).
Questions about INVESTMENT DIVERSITY ADVISORY COUNCIL INC
- What is the EIN of INVESTMENT DIVERSITY ADVISORY COUNCIL INC?
- The employer identification number (EIN) of INVESTMENT DIVERSITY ADVISORY COUNCIL INC is 92-1373494.
- Is INVESTMENT DIVERSITY ADVISORY COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2025.
- Are donations to INVESTMENT DIVERSITY ADVISORY COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INVESTMENT DIVERSITY ADVISORY COUNCIL 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 INVESTMENT DIVERSITY ADVISORY COUNCIL INC 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 INVESTMENT DIVERSITY ADVISORY COUNCIL INC 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 INVESTMENT DIVERSITY ADVISORY COUNCIL INC?
- The 990 for the year ended December 31, 2024 names JOE BLAIR.
- Who are the officers and directors of INVESTMENT DIVERSITY ADVISORY COUNCIL INC?
- The 990 for the year ended December 31, 2024 lists 20 people; 1 received compensation from the organization, the highest $181,923 (MONALISA COMO, CEO/PRESIDENT).
- How much revenue does INVESTMENT DIVERSITY ADVISORY COUNCIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $638,973, expenses of $731,332 and total assets of $556,584 at year end.
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