Totals
- Total revenue
- $1,998,288
- Total expenses
- $2,096,241
- Contributions and grants received
- $982,612
- Grants paid
- $0
- Program service revenue
- $702,914
- Investment income
- $151,217
- Other revenue
- $161,545
- Total assets, end of year
- $6,910,043
- Total liabilities, end of year
- $1,425,846
- Net assets or fund balances, end of year
- $5,484,197
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $344,405
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.
-
1b · Membership dues
$982,612
-
2a · Program service revenue: EDUCATIONAL COURSES
total $480,035 · related or exempt $480,035
-
2b · Program service revenue: MEETINGS
total $222,879 · related or exempt $222,879
-
3 · Investment income
total $161,096 · excluded $161,096
-
5 · Royalties
total $130,773 · excluded $130,773
-
7a · Gross sales of assets other than inventory
securities $125,000
-
7b · Less cost or other basis and sales expenses
securities $134,879
-
7c · Gain or loss
securities -$9,879
-
7d · Net gain or loss
total -$9,879 · excluded -$9,879
-
11a · Other revenue: JOB BOARD
total $19,803 · excluded $19,803
-
11b · Other revenue: MISCELLANEOUS REVENUE
total $10,969 · excluded $10,969
-
11e · Other revenue, total
$30,772
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $592,864
-
7 · Other salaries and wages
total $200,814
-
8 · Pension plan contributions
total $53,026
-
9 · Other employee benefits
total $105,917
-
10 · Payroll taxes
total $84,546
-
11a · Fees: management
total $14,880
-
11b · Fees: legal
total $15,789
-
11c · Fees: accounting
total $32,625
-
11g · Fees: other
total $227,938
-
12 · Advertising and promotion
total $19,097
-
13 · Office expenses
total $15,627
-
14 · Information technology
total $79,560
-
16 · Occupancy
total $183,205
-
17 · Travel
total $25,557
-
19 · Conferences, conventions and meetings
total $6,099
-
22 · Depreciation, depletion and amortization
total $25,486
-
23 · Insurance
total $16,492
-
24a · Other expenses: EDUCATION AND CONFERENC
total $331,919
-
24b · Other expenses: STAFF DEVELOPMENT
total $20,453
-
24c · Other expenses: BANK AND CREDIT CARD FE
total $15,244
-
24d · Other expenses: PROGRAM EVENTS AND SPEC
total $12,486
-
24e · All other expenses
total $16,617
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $53,400 · end of year $120,255
-
2 · Savings and temporary cash investments
beginning of year $189,309 · end of year $169,076
-
4 · Accounts receivable
beginning of year $79,240 · end of year $60,575
-
9 · Prepaid expenses and deferred charges
beginning of year $102,388 · end of year $21,835
-
10a · Land, buildings and equipment: cost or other basis
$175,226
-
10b · Land, buildings and equipment: accumulated depreciation
$42,618
-
10c · Land, buildings and equipment, net
beginning of year $147,875 · end of year $132,608
-
11 · Investments: publicly traded securities
beginning of year $603,814 · end of year $0
-
12 · Investments: other securities
beginning of year $4,359,322 · end of year $5,431,947
-
15 · Other assets
beginning of year $1,119,910 · end of year $973,747
-
17 · Accounts payable and accrued expenses
beginning of year $131,665 · end of year $143,812
-
19 · Deferred revenue
beginning of year $245,800 · end of year $289,975
-
25 · Other liabilities
beginning of year $1,114,665 · end of year $992,059
-
27 · Net assets without donor restrictions
beginning of year $5,163,128 · end of year $5,484,197
Mission and programs · 2023
Mission
CFA SOCIETY BOSTON MEMBERS PROMOTE THE HIGHEST ETHICAL STANDARDS, BEST PRACTICES AND PROFESSIONAL DEVELOPMENT WITHIN THE INVESTMENT INDUSTRY TO EDUCATE AND BUILD TRUST IN THE COMMUNITY IT SERVES.
-
CFA SOCIETY BOSTON OFFERS OPPORTUNITIES FOR MEMBERS TO ENGAGE IN MENTORING AND BOTH TECHNICAL AND SOFT SKILLS DEVELOPMENT THAT FURTHER ENHANCE THEIR CAREER TRAJECTORY. THE NORMALLY IN-PERSON EDUCATIONAL PROGRAMS ARE EXTREMELY POPULAR WITH MEMBERS, RANGING FROM TOPICS SUCH AS FINTECH, ESG AND GLOBAL MACROECONOMIC TRENDS. SINCE THE BEGINNING OF THE PANDEMIC, THE SOCIETY SHIFTED ITS PROGRAMMING TO VIRTUAL, AND AS A RESULT EVEN MORE MEMBERS BECAME ENGAGED. AS A THOUGHT LEADER IN THE BOSTON INVESTMENT COMMUNITY, CFA SOCIETY BOSTON AND ITS LEADERSHIP ARE COMMITTED TO PROVIDING A VALUABLE AND DYNAMIC EXPERIENCE FOR ITS MEMBERS. CFA BOSTON MEMBERS VALUE LIVE EVENTS SO THE SOCIETY HAS HELD AND CONTINUES TO HOLD SMALL EVENTS IN SAFE (TYPICALLY OUTDOOR) ENVIRONMENTS. THE SOCIETY PLANS TO HOLD MORE EVENTS LIVE IN CALENDAR YEAR 2023. IN FACT, WE PLAN TO CONDUCT OUR POPULAR ANNUAL MARKET DINNER LIVE TAKING ALL APPROPRIATE PRECAUTIONS.
Expenses $341,743 · Revenue $222,879
-
DISCUSSING THE INTERSECTION OF FINANCE AND TECHNOLOGY. IN ADDITION TO CONFERENCES, THE SOCIETY ALSO OFFERS INDUSTRY ANALYSIS SEMINARS, CFA CANDIDATE PREP, AND ONLINE LEARNING OPPORTUNITIES THROUGH WEBINARS AND VIDEOS. OUR CFA PRACTICE EXAM IS USED BY CFA CANDIDATES GLOBALLY TO PREPARE FOR THE CFA EXAM. WE ALSO WORK WITH EDUCATIONAL PARTNERS TO DELIVER CANDIDATE EXAM PREP TO LOCAL CANDIDATES. OUR CIO ROUNDTABLE (WHICH WE PLAN ON RETURNING TO ANNUAL PROGRAM) FEATURES INVESTMENT EXECUTIVES FROM ASSET OWNERS AND ASSET MANAGERS DISCUSSING TRENDS IN INVESTMENTS AND ASSET ALLOCATION. EDUCATION REMAINS AT THE CORE OF WHO WE ARE AND WHAT WE DO. CONTINUING EDUCATION NOT ONLY MAKES THE PROFESSIONAL BETTER, IT MAKES FOR A BETTER PROFESSION.
Expenses $2,662 · Revenue $480,035
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeanne WolfJEANNE WOLF
CHIEF EXECUTIVE OFFICER
- Total calculated
- $272,629
- From this org
- $244,321
- From related orgs
- $0
- Other
- $28,308
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,021
- Bonus
- $40,300
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $28,308
- Filer's total
- $272,629
-
Renee RussoRENEE RUSSO
CHIEF OPERATING OFFICER
- Total calculated
- $217,087
- From this org
- $189,463
- From related orgs
- $0
- Other
- $27,624
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,463
- Bonus
- $30,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $27,423
- Filer's total
- $216,886
-
Todd FowlerTODD FOWLER
DIRECTOR OF EDUCATION AND CONTENT
- Total calculated
- $107,442
- From this org
- $107,030
- From related orgs
- $0
- Other
- $412
- Hours/week
- 40
-
Caitlin BaslerCAITLIN BASLER
DIRECTOR OF MEMBER TECHNOLOGY AND ENGAGEMENT
- Total calculated
- $122,833
- From this org
- $103,745
- From related orgs
- $0
- Other
- $19,088
- Hours/week
- 40
-
Sarah N Samuels CFA CaiaSARAH N SAMUELS CFA CAIA
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Andrew Z Tubman CFAANDREW Z TUBMAN CFA
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Keon T Holmes CFAKEON T HOLMES CFA
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Asha Mehta CFAASHA MEHTA CFA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Anadu Kenechukwu CFA CaiaANADU KENECHUKWU CFA CAIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer K Desisto CFA CaiaJENNIFER K DESISTO CFA CAIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
P Brian Enyeart CFAP BRIAN ENYEART CFA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Patrick C Gregory CFAPATRICK C GREGORY CFA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tiffany Hu CFATIFFANY HU CFA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Wiliam D Krause CFAWILIAM D KRAUSE CFA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sri Krishnamurthy CFASRI KRISHNAMURTHY CFA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bill Li CFA CaiaBILL LI CFA CAIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Allysen Mattison CFAALLYSEN MATTISON CFA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kashif SiddiquiKASHIF SIDDIQUI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Heather M Young CFAHEATHER M YOUNG CFA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
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 · Form 990 of other organizations
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500699349301250
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