Institutional Limited Partners Association

EIN: 753028947 Mutual Benefit

Washington, DC

Total Revenue
$11,603,927
Total Expenses
$10,842,275
Total Assets
$19,592,293
Net Assets
$15,261,603
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Phone
4169419393
Tax Period
2023-01-01 to 2023-12-31

Institutional Limited Partners Association, founded in 2002, is a mid-sized nonprofit in the Mutual Benefit sector that reported $11.6M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $10.8M left a modest 7% surplus.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

Events - With a distinctive worldwide community of institutional investor members ILPA provides a platform for the organizations 5000 professionals to engage more deeply with their global peers. From...

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Events - With a distinctive worldwide community of institutional investor members ILPA provides a platform for the organizations 5000 professionals to engage more deeply with their global peers. From annual flagship events including the ILPA Summit and ILPA Summit Europe. ILPA Private Equity Legal Conference and ILPA Members Conference to member-only roundtables held around the world ILPA delivers compelling content on the most pressing matters of the day while helping members build their professional networks.

Program 2
Expenses: $0 Revenue: $0

Education - Helping members advance their educational and professional development has been central to the mission of ILPA since its founding. The cornerstone of the education platform is the ILPA...

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Education - Helping members advance their educational and professional development has been central to the mission of ILPA since its founding. The cornerstone of the education platform is the ILPA Institute a world-class program that has been educating and empowering LP professionals in outstanding fashion for nearly a decade. The comprehensive curriculum designed by LPs for LPs is led by seasoned academics professionals and practitioners with deep subject matter expertise and a passion for private equity education. ILPA also offers monthly webcasts in-person workshops at all flagship events and professional development seminars all which are archived for member use. These offerings are driven by members who offer insight as to the most pressing topics and often lead these discussions in a town hall or panel format.

Program 3
Expenses: $0 Revenue: $0

Membership DIA Industry Affairs Standards and Research Content - From roundtables with leading general partners to dialogue with decision-makers in national centers of governance ILPA articulates and...

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Membership DIA Industry Affairs Standards and Research Content - From roundtables with leading general partners to dialogue with decision-makers in national centers of governance ILPA articulates and amplifies the voice of its members in global discussions on transparency governance and alignment of interests between GPs and LPs. ILPA advocates for LPs to ensure that their perspective and that of their beneficiaries are considered in policy making circles as well as in industry practices. In addition to its advocacy work ILPA is a well-respected source for best practices tools and standards that benefit the entire private equity industry. ILPA guidance is produced in consultation with a wide range of industry stakeholders with the goal of ensuring an alignment of economic interests fair and adequate governance and appropriate disclosures from GPs to LPs. ILPA seeks to empower its members through access to data research and tools often developed exclusively for the organizations professionals. Through strong relationships with well-respected private equity industry players ILPA delivers highly valued private benchmarking data on industry performance as well as complimentary or discounted third-party access to platforms that provide for example custom analytics or industry risk calculations. ILPA sources its content across the industry. Both commissioned and ILPA-authored research is typically made available exclusively to ILPA members while other pieces of research are curated from external sources and distributed to the membership on a complimentary basis.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,851,555
Investment Income $752,372
Other Revenue $0
TOTAL REVENUE $11,603,927

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,884,533
Fundraising Expenses $0
Program Expenses $0
Other Expenses $5,957,742
TOTAL EXPENSES $10,842,275

Year-over-Year Comparison

2023 2022 Change
Revenue $11,603,927 $9,811,649 +0.2%
Expenses $10,842,275 $10,543,179 +0.0%
Net Income $761,652 $-731,530 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
16
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$580,372
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Teia Merring Chair 1.00
Officer Director
$0 $0 $0
Scott Romsower Vice Chair 1.00
Officer Director
$0 $0 $0
Michael Aswad Treasurer 1.00
Officer Director
$0 $0 $0
Rune Jepsen Secretary 1.00
Officer Director
$0 $0 $0
Sarah Farrell Board Director 0.10
Director
$0 $0 $0
George Long Board Director 0.10
Director
$0 $0 $0
Aaron Daley Board Director 0.10
Director
$0 $0 $0
Swee Hong Yap Board Director 0.10
Director
$0 $0 $0
Adrian Ohmer Board Director 0.10
Director
$0 $0 $0
Han Hu Board Director 0.10
Director
$0 $0 $0
Helena Threfall Board Director 0.10
Director
$0 $0 $0
Greg Jania Board Director 0.10
Director
$0 $0 $0
Giovanni Davide Orsi Board Director 0.10
Director
$0 $0 $0
Margrot Wirth Board Director 0.10
Director
$0 $0 $0
Jennifer Choi CEO 40.00
Officer
$535,006 $45,366 $580,372
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $11,603,927 $10,842,275 $19,592,293 $761,652
2022 $9,811,649 $10,543,179 $17,382,528 $-731,530
2021 $7,520,933 $7,531,036 $16,756,929 $-10,103
2020 $6,742,552 $6,620,961 $16,782,314 $121,591
2019 $8,888,999 $8,446,777 $17,774,097 $442,222
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