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← FINANCIAL PLANNING ASSOCIATION

Form 990 for tax year 2023

Filed by FINANCIAL PLANNING ASSOCIATION.

Totals

Total revenue
$8,036,552
Total expenses
$8,228,550
Contributions and grants received
$75,000
Grants paid
$0
Program service revenue
$7,154,331
Investment income
$83,679
Other revenue
$723,542
Total assets, end of year
$5,791,659
Total liabilities, end of year
$3,610,380
Net assets or fund balances, end of year
$2,181,279
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $75,000

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $5,096,764 · related or exempt $5,096,764

  • 2b · Program service revenue: REGISTRATION

    total $840,614 · related or exempt $840,614

  • 2c · Program service revenue: SPONSORSHIPS

    total $693,075 · related or exempt $693,075

  • 2d · Program service revenue: FEES

    total $523,878 · related or exempt $523,878

  • 3 · Investment income

    total $83,679 · excluded $83,679

  • 5 · Royalties

    total $115,233 · excluded $115,233

  • 10a · Gross sales of inventory

    $78,983

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $78,983 · related or exempt $78,983

  • 11a · Other revenue: ADVERTISING

    total $389,816 · unrelated business $389,816

  • 11b · Other revenue: JOB BOARD POSTINGS

    total $10,418 · unrelated business $10,418

  • 11d · All other revenue

    total $129,092 · excluded $129,092

  • 11e · Other revenue, total

    $529,326

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $649,276

  • 7 · Other salaries and wages

    total $2,018,575

  • 8 · Pension plan contributions

    total $84,695

  • 9 · Other employee benefits

    total $187,091

  • 10 · Payroll taxes

    total $165,225

  • 11b · Fees: legal

    total $50,891

  • 11c · Fees: accounting

    total $33,490

  • 11d · Fees: lobbying

    total $75,922

  • 11g · Fees: other

    total $536,760

  • 12 · Advertising and promotion

    total $225,290

  • 13 · Office expenses

    total $454,675

  • 14 · Information technology

    total $735,522

  • 16 · Occupancy

    total $314,595

  • 17 · Travel

    total $429,510

  • 19 · Conferences, conventions and meetings

    total $1,912,604

  • 22 · Depreciation, depletion and amortization

    total $272,347

  • 23 · Insurance

    total $55,449

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $20,718

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $5,915

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,701,357 · end of year $719,859

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $4,938

  • 4 · Accounts receivable

    beginning of year $331,698 · end of year $232,809

  • 9 · Prepaid expenses and deferred charges

    beginning of year $279,843 · end of year $348,863

  • 10a · Land, buildings and equipment: cost or other basis

    $2,130,103

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,834,353

  • 10c · Land, buildings and equipment, net

    beginning of year $473,001 · end of year $295,750

  • 11 · Investments: publicly traded securities

    beginning of year $2,864,147 · end of year $3,299,010

  • 12 · Investments: other securities

    beginning of year $0 · end of year $30,461

  • 13 · Investments: program-related

    beginning of year $60,852 · end of year $0

  • 15 · Other assets

    beginning of year $983,650 · end of year $859,969

  • 17 · Accounts payable and accrued expenses

    beginning of year $960,836 · end of year $384,973

  • 19 · Deferred revenue

    beginning of year $2,412,861 · end of year $2,303,755

  • 21 · Escrow or custodial account liability

    beginning of year $117,757 · end of year $113,315

  • 25 · Other liabilities

    beginning of year $1,155,549 · end of year $808,337

  • 27 · Net assets without donor restrictions

    beginning of year $2,047,545 · end of year $2,181,279

Mission and programs · 2023

Mission

TO ELEVATE THE PROFESSION THAT TRANSFORMS LIVES THROUGH THE POWER OF FINANCIAL PLANNING.

Activities or mission (Part I)

FPA FOSTERS THE VALUE OF FINANCIAL PLANNING AND ADVANCES THE FINANCIAL PLANNING PROFESSION.

  • FPA ANNUAL CONFERENCE IS ONE OF THE LARGEST ANNUAL GATHERINGS OF CFP PROFESSIONALS. THE EVENT SPOTLIGHTS FPA'S CORE COMPETENCIES: PRACTICE SUPPORT, LEARNING, ADVOCACY, AND NETWORKING. THE PROGRAM OFFERS MANY EDUCATIONAL SESSIONS, AN EXHIBIT HALL, ROUNDTABLE DISCUSSIONS, AND VARIOUS PRE-CONFERENCES CONDUCTED BY PARTNERS OF FPA. VARIOUS FPA MEMBER COMMUNITIES GATHER TO NETWORK, SHARE BEST PRACTICES, AND CONNECT WITH LIKE-MINDED MEMBERS. THE CONFERENCE IS BUILT AROUND SHARING PRACTICAL KNOWLEDGE AND STRATEGIES FOR ATTENDEES TO TAKE BACK TO THEIR PRACTICES FOR IMPLEMENTATION.

  • MEMBER RELATIONS: FPA MEMBERSHIP STAFF ASSIST FPA MEMBERS IN JOINING AND RENEWING AS FPA MEMBERS AS WELL AS NAVIGATING THEIR FPA MEMBER BENEFITS TO ENSURE THEY TAKE FULL ADVANTAGE OF THEIR MEMBERSHIP. AS A PROFESSIONAL MEMBERSHIP ASSOCIATION, BENEFITS ARE FOCUSED ON SUPPORTING MEMBERS IN ELEVATING THEIR KNOWLEDGE THROUGH PROFESSIONAL DEVELOPMENT, EXPANDING THEIR CONNECTIONS THROUGH COMMUNITY, GROWING THEIR BUSINESSES THROUGH TOOLS AND RESOURCES FOR BUSINESS SUCCESS, AND PROTECTING THEIR PROFESSION THROUGH ADVOCACY.

  • FPA RETREAT IS A LONG-STANDING, NON-TRADITIONAL GATHERING OF THE FPA COMMUNITY. IT IS AN EVENT THAT ATTRACTS LEADING FINANCIAL PLANNERS DUE TO ITS LEVEL OF INTIMACY, COMMUNITY LEARNING, AND ADVANCED, CUTTING-EDGE CONTENT. THE EVENT PROVIDES OPPORTUNITIES FOR NETWORKING, ADVANCED EDUCATION, AND EXPOSURE TO NEW THEORIES AND BEST PRACTICES.

As filed on the 2023 return.

Listed in Part VII

  • James Lee

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Claudia Kane

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    5

  • Dennis Moore

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Crystal Alford-Cooper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Paul Brahim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Carl Christie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Russell Clifford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • George Fernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Daniel Galli

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Lisa Kirshenbauer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Byrke Sestok

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Robert Van Beek

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Patrick D Mahoney

    CEO & SECRETARY

    Total calculated
    $434,080
    From this org
    $406,534
    From related orgs
    $0
    Other
    $27,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $406,534
    Bonus
    $0
    Other
    $0
    Deferred
    $11,978
    Nontaxable benefits
    $15,568
    Filer's total
    $434,080

  • Sandra Garcia

    CFO

    Total calculated
    $215,378
    From this org
    $190,917
    From related orgs
    $0
    Other
    $24,461
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $189,917
    Bonus
    $1,000
    Other
    $0
    Deferred
    $11,926
    Nontaxable benefits
    $12,535
    Filer's total
    $215,378

  • Amy Woodward

    DIRECTOR, STRATEGIC PARTNERSHIP

    Total calculated
    $118,096
    From this org
    $102,016
    From related orgs
    $0
    Other
    $16,080
    Hours/week
    40 + 4 related

  • Kurt Kaczor

    DIRECTOR, PRO BONO

    Total calculated
    $114,832
    From this org
    $100,673
    From related orgs
    $0
    Other
    $14,159
    Hours/week
    40

  • Ben Lewis

    CCO

    Total calculated
    $188,133
    From this org
    $182,411
    From related orgs
    $0
    Other
    $5,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,911
    Bonus
    $1,500
    Other
    $0
    Deferred
    $5,462
    Nontaxable benefits
    $260
    Filer's total
    $188,133

  • Christine Richardson

    MANAGING DIRECTOR, MEMBER EXPERIENCE & MISSION SUP

    Total calculated
    $126,595
    From this org
    $113,681
    From related orgs
    $0
    Other
    $12,914
    Hours/week
    40

  • Jorge Valdivia

    SENIOR MANAGER, TECHNOLOGY

    Total calculated
    $168,164
    From this org
    $144,638
    From related orgs
    $0
    Other
    $23,526
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,638
    Bonus
    $1,000
    Other
    $0
    Deferred
    $5,299
    Nontaxable benefits
    $18,227
    Filer's total
    $168,164

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FINANCIAL SERVICES INFORMATION COMPANY

    C · PUBLICATION · GA · 100% owned · share of income $491,334 · share of assets $8,076 · controlled entity

    Directly controlled by THE FINANCIAL PLANNING ASSOCIATION

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202433039349301448

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