INSTITUTIONAL LIMITED PARTNERS ASSOCIATION Charity Report

Tax-exempt status may be revoked

INSTITUTIONAL LIMITED PARTNERS ASSOCIATION

EIN 75-3028947 · Professional Societies & Associations - Mutual & Membership Benefit (Y03)

What they do

THE LEADING GLOBAL, MEMBER-DRIVEN ORGANIZATION DEDICATED to ADVANCING THE INTERESTS of PRIVATE EQUITY LIMITED PARTNERS THROUGH INDUSTRY-LEADING EDUCATION PROGRAMS, INDEPENDENT RESEARCH, BEST PRACTICES, NETWORKING OPPORTUNITIES and GLOBAL COLLABORATIONS.

Before you give

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

85.08%of revenue went to mission work79.2% of expenses · Program services

$97.00spent for every $100 of revenueRevenue covered expenses this year.

22.37%of revenue went to management and office costs20.8% of expenses

$1.48in assets for every $1 spent this yearSome assets cannot be spent right away.

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Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $583,145 for JENNIFER CARNITHAN (CEO). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$9,811,649

Mission workProgram services$8,347,93885.08% of revenue79.2% of expenses

ManagementOffice and general costs$2,195,24022.37% of revenue20.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$10,543,179107.46% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2022CurrentExpense mix: 79.2% mission · 20.8% management · 0.0% fundraisingTotal expenses: 107.46% of revenue

2021Expense mix: 74.2% mission · 25.8% management · 0.0% fundraisingTotal expenses: 100.13% of revenue

2020Expense mix: 17.7% mission · 82.4% management · 0.0% fundraisingTotal expenses: 98.20% of revenue

2019Expense mix: 34.7% mission · 62.9% management · 0.0% fundraisingTotal expenses: 95.03% of revenue

2017Expense mix: 29.3% mission · 70.7% management · 0.0% fundraisingTotal expenses: 103.82% of revenue

2016Expense mix: 32.6% mission · 67.4% management · 0.0% fundraisingTotal expenses: 87.03% of revenue

Money in and money out

Revenue$13,919,257

Expenses$13,501,789

Annual surplus $417,468 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$8,347,938 · 61.8% of expenses

Management and office costs$2,195,240 · 16.3% of expenses

See all reported dollar amounts

Revenue$13,919,257

Expenses$13,501,789

Assets$19,959,044

Income$13,919,257

Mission work (program services)$8,347,938

Accounting fees$64,926

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JENNIFER CARNITHANCEO · 40 hrs/week $583,145Base $535,006 · Other $48,139

GREGORY DURSTSR. MANAGING DIRECTOR, GLOBAL GROWTH · 20 hrs/week $388,230Base $378,158 · Other $10,072

NEAL PRUNIERMANAGING DIRECTOR, INDUSTRY AFFAIRS · 40 hrs/week $337,141Base $310,255 · Other $26,886

EUGENIE CESAR-FABIANGENERAL COUNSEL & COO · 40 hrs/week $314,453Base $273,993 · Other $40,460

MATTHEW SCHEY - MD EXTERNALAFFAIRS AND SUSTAINABLE INVESTING · 40 hrs/week $286,931Base $268,616 · Other $18,315

NICHOLAS JENSONSR. DIRECTOR, STRATEGIC INITIATIVES · 40 hrs/week $254,186Base $236,504 · Other $17,682

ERIKA LEHMARSENIOR DIRECTOR, DIVERSITY IN ACTION · 40 hrs/week $234,571Base $198,433 · Other $36,138

MEGAN GOODMANSR. DIRECTOR, STRATEGIC COMM. · 40 hrs/week $200,276Base $170,627 · Other $29,649

PAMELA JENKINS - SR DIRECTORMEMBER ENGAGEMENT AND PROGRAMS · 40 hrs/week $182,412Base $176,439 · Other $5,973

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

JENNIFER CARNITHANCEO

GREGORY DURSTSR. MANAGING DIRECTOR, GLOBAL GROWTH

NEAL PRUNIERMANAGING DIRECTOR, INDUSTRY AFFAIRS

EUGENIE CESAR-FABIANGENERAL COUNSEL & COO

MATTHEW SCHEY - MD EXTERNALAFFAIRS AND SUSTAINABLE INVESTING

NICHOLAS JENSONSR. DIRECTOR, STRATEGIC INITIATIVES

ERIKA LEHMARSENIOR DIRECTOR, DIVERSITY IN ACTION

MEGAN GOODMANSR. DIRECTOR, STRATEGIC COMM.

PAMELA JENKINS - SR DIRECTORMEMBER ENGAGEMENT AND PROGRAMS

TEIA MERRINGCHAIR

AARON DELAYBOARD DIRECTOR

SWEE HONG YAPBOARD DIRECTOR

SCOTT ROMSOWERVICE CHAIR

SARAH FARRELLBOARD DIRECTOR

RUNE JEPSENSECRETARY

MICHAEL ASWADTREASURER UNTIL 06/24

MARGROT WIRTHBOARD DIRECTOR UNTIL 06/24

JENNY NEWMARCHBOARD DIRECTOR AS OF 06/24

HELENA THREFALLBOARD DIRECTOR

HAN HUBOARD DIRECTOR

GREG JANIABOARD DIRECTOR

GIOVANNI DAVIDE ORSIBOARD DIRECTOR

GEORGE LONGBOARD DIRECTOR UNTIL 06/24

FREDDIE ALLENBOARD DIRECTOR AS OF 06/24

CHRISTIAN DUNNBOARD DIRECTOR AS OF 06/24

CHRIS ECKERMANBOARD DIRECTOR AS OF 06/24

ADRIAN OHMERBOARD DIRECTOR UNTIL 06/24,TREASURER

About this charity

Recognized since: January 2003
Location: 1776 I STREET NW 525, WASHINGTON, DC 200063784
County: District of Columbia
In care of: JENNIFER CARNITHAN
Primary officer: JENNIFER CARNITHAN, CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@ilpa.org Phone(416) 941-9393

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Professional Societies & Associations - Mutual & Membership Benefit (Y03)
IRS tax category: Professional Societies & Associations
Revocation date: May 15, 2021