AMC Advantage

Association Management Companies Are Your Nonprofit's Path To Success

March 26th, 2016
New Jersey’s Professional Management Associates LLC Announces New Ownership

Professional Management Associates LLC of Hillsborough, N.J., announced  a change of ownership effective immediately.

Nancy Furstenburg, CPA, CAE and Heather O’Steen, CAE have acquired PMA, which  is accredited through the AMC Institute. Accredited AMC’s go through rigorous, measurable performance practices that demonstrate defined processes, controls, and systems are in place.

“AMCs have unsurpassed expertise in managing all aspects of non-profit organizations,” saidO’Steen, Managing Partner of PMA. “Due to the variety of professional associations with which an AMC works, an ideal environment is cultivated so that best practices are shared by team members, professional development and staff training is on-going, and uniform operating procedures are followed, saving the association time and money.”

Under the change of ownership, PMA will continue to provide quality management services to its clients.

READ THE FULL STORY ON THE PMA WEBSITE HERE

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Getting The AMC Advantage

According to a 2009 study by LoBue and Majdalany Association Management Group, nonprofits managed by Association Management Companies, or AMCs, generate greater operating surpluses, are more efficient, involve lower operating risks, enjoy more diverse revenue profiles, spend more on meetings, trade shows and educational activities, and pay, on average, a third less for the staffing, occupancy and capital costs than sibling standalone organizations. So, has your nonprofit considered being managed by a highly qualified AMC?

In 2015, a study of 167 associations shows that association management companies, or AMCs, deliver 317 percent more growth in net assets and 31 percent more growth in net revenue, as well as offering consistently higher income from products and services. The study was conducted by Dr. James Gaskin of Brigham Young University and drew data from a random selection of associations with a 501(c)(3) or 501(c)(6) tax status and budgets between $500,000 and $7.5 million. AMC Institute sponsored the study. In a statement for the media, Dr. Gaskin said, “Given the wide variety of associations surveyed, and the random sampling applied, the findings are remarkably consistent. When we analyzed the data, it was clear that AMC-managed associations of all sizes tend to be the strongest financially.”

Who’s Hiring AMCs?

Nonprofit associations all over the world are hiring AMCs for full-service and project management:

 

2018 AMC Clients
2017 AMC Clients
2016 AMC Clients
2015 AMC Clients
2014 AMC Clients
2013 AMC Clients
2012 AMC Clients
2011 AMC Clients
2010 AMC Clients

About Us

AMC Advantage is an online news service covers global developments in the Association Management Company market. AMCs are firms that, among other things, serve as nonprofit trade association and professional society headquarters.

Association Management Companies, or AMCs, are a growing global industry managing at least 1,800 organizations and serving at least 2.8 million members.

Click here to view an informational graphic from AMC Institute!
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