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Nonprofiteer
← CFA SOCIETY OF PHILADELPHIA INC

Form 990 for tax year 2022

Filed by CFA SOCIETY OF PHILADELPHIA INC.

Totals

Total revenue
$593,332
Total expenses
$615,440
Contributions and grants received
$368,793
Grants paid
$0
Program service revenue
$224,501
Investment income
$38
Other revenue
$0
Total assets, end of year
$870,162
Total liabilities, end of year
$97,893
Net assets or fund balances, end of year
$772,269
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.

  • 1b · Membership dues

    $295,722

  • 1f · All other contributions, gifts and grants

    $73,071

  • 2a · Program service revenue: CFA INSTITUTE

    total $157,715 · related or exempt $157,715

  • 2b · Program service revenue: CFA REVIEW COURSE

    total $53,220 · related or exempt $53,220

  • 2c · Program service revenue: PROGRAM AND EVENT REVE

    total $13,566 · related or exempt $13,566

  • 3 · Investment income

    total $38 · excluded $38

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $145,000

  • 7 · Other salaries and wages

    total $83,978

  • 9 · Other employee benefits

    total $31,481

  • 10 · Payroll taxes

    total $16,518

  • 11a · Fees: management

    total $53,192

  • 11b · Fees: legal

    total $4,400

  • 11c · Fees: accounting

    total $15,646

  • 11f · Fees: investment management

    total $79

  • 11g · Fees: other

    total $1,824

  • 12 · Advertising and promotion

    total $5,757

  • 13 · Office expenses

    total $2,914

  • 14 · Information technology

    total $16,742

  • 16 · Occupancy

    total $9,830

  • 17 · Travel

    total $11,092

  • 19 · Conferences, conventions and meetings

    total $204,228

  • 23 · Insurance

    total $1,448

  • 24a · Other expenses: CREDIT CARD / PAYPAL PR

    total $5,535

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,413

  • 24c · Other expenses: OFF SITE STORAGE

    total $261

  • 24d · Other expenses: SHIPPING/FREIGHT

    total $94

  • 24e · All other expenses

    total $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $469,089 · end of year $403,622

  • 4 · Accounts receivable

    beginning of year $12,043 · end of year $1,190

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,833 · end of year $12,945

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

    $16,776

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

    $16,776

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $412,833 · end of year $452,405

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,293 · end of year $12,718

  • 19 · Deferred revenue

    beginning of year $68,700 · end of year $85,175

  • 27 · Net assets without donor restrictions

    beginning of year $474,805 · end of year $492,269

  • 28 · Net assets with donor restrictions

    beginning of year $280,000 · end of year $280,000

Mission and programs · 2022

Mission

TO LEAD A PREEMINENT COMMUNITY OF INVESTMENT AND FINANCE PROFESSIONALS WHO PROMOTE THE HIGHEST STANDARDS OF ETHICS, EDUCATION AND PROFESSIONAL EXCELLENCE.

Activities or mission (Part I)

CAREER ADVANCEMENT OF PROFESSIONALS

  • ORGANIZED AND SPONSORED BREAKFASTS, LUNCHES, AND ANNUAL DINNER MEETINGS, EACH WITH A GUEST SPEAKER PROVIDING INFORMATION AND VIEWS ON TOPICAL INDUSTRY ISSUES.

  • PROVIDED MEMBERS WITH STRUCTURED STUDY PROGRAM DESIGNED TO ASSIST THEM IN OBTAINING A PASSING GRADE ON THE CFA ACCREDIDATION EXAM.

As filed on the 2022 return.

Listed in Part VII

  • Aaron Filbeck

    PROGRAMS COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Andrew D'Amico

    OUTREACH COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Beth Stone

    D&I CONFERENCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bill Hagan

    PRIVATE WEALTH MANAGEMENT CONF. COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian Lauzon

    WEALTH MANAGEMENT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Shepherd

    PROGRAMS COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Floyd Simpson

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lara Coviello

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Leslie Theodosopoulos

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Melissa Novak

    GOVERNANCE COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Neely

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rich Jakotowicz

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robert Norton

    PROGRAMS COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Sean Heberling

    GOVERNANCE COMMITTEE CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Peter Conners

    EXECUTIVE DIRECTOR

    Total calculated
    $145,000
    From this org
    $138,000
    From related orgs
    $0
    Other
    $7,000
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2024
IRS schema version
2022v5.0
Source object
202431349349308168

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