Form 990 for tax year 2023
Filed by FINANCIAL EXECUTIVES INTERNATIONAL.
Totals
- Total revenue
- $370,634
- Total expenses
- $307,535
- Contributions and grants received
- $255,000
- Grants paid
- $8,700
- Program service revenue
- $115,634
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $585,876
- Total liabilities, end of year
- $279,856
- Net assets or fund balances, end of year
- $306,020
- 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
$255,000
-
2a · Program service revenue: Chapter Events
total $79,404 · related or exempt $79,404
-
2b · Program service revenue: Membership Revenue
total $16,300 · related or exempt $16,300
-
2f · All other program service revenue
total $19,930 · related or exempt $19,930
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $8,700
-
11c · Fees: accounting
total $5,387
-
11g · Fees: other
total $157,241
-
13 · Office expenses
total $9,593
-
14 · Information technology
total $2,666
-
17 · Travel
total $4,027
-
19 · Conferences, conventions and meetings
total $15,413
-
24a · Other expenses: Chapter Event Expenses
total $78,071
-
24b · Other expenses: Program Events
total $26,402
-
24c · Other expenses: Charitable Contribution
total $35
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $306,851 · end of year $325,136
-
4 · Accounts receivable
beginning of year $12,015 · end of year $254,632
-
9 · Prepaid expenses and deferred charges
beginning of year $719 · end of year $6,108
-
15 · Other assets
beginning of year $15,041 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $46,235 · end of year $18,856
-
19 · Deferred revenue
beginning of year $45,470 · end of year $261,000
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $242,921 · end of year $306,020
Mission and programs · 2023
Mission
FEI's mission is to advance the success of senior-level financial executives, their organizations, and the profession. Since 1931, FEI has been connecting members through 1) Interaction - providing local and international forums for connecting you with your peers; 2) Information - providing you with insight to assist in informed business decisions; 3) Influence - providing authoritative representation for your interests; and 4) Integrity - providing the tools to advance the professional through ethical leadership.
Activities or mission (Part I)
To advance the success of senior level financial executives, their organizations, & the profession.
-
Grants were issued to support the business community including one grant of $8,700 to Financial Executive Research Foundation (FERF), the research affiliate for Financial Executives International.
-
The organization provides membership benefit programs and monthly meetings featuring well known speakers with information distributed via email. Each meeting is attended by 35-150 members and guests.
-
The organization also provides professional education and development sessions sponsored by the chapter. Each session attended by 40-50 members.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brad Pappas
Executive Director
- Total calculated
- $129,885
- From this org
- $129,885
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,885
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $129,885
-
Rachel Rice
President
- Total calculated
- $0
- Hours/week
- 15
-
Melissa White
Treasurer
- Total calculated
- $0
- Hours/week
- 10
-
Jay Trumbower
Secretary
- Total calculated
- $0
- Hours/week
- 10
-
Brian Volkmann
Immediate Past President
- Total calculated
- $0
- Hours/week
- 10
-
George Boyadjis
VP Membership
- Total calculated
- $0
- Hours/week
- 10
-
Gary Perkins
VP Board Development
- Total calculated
- $0
- Hours/week
- 10
-
Judy Wright
VP DEI
- Total calculated
- $0
- Hours/week
- 10
-
Tom Neitzke
VP Strategic Partnerships (July-Feb)
- Total calculated
- $0
- Hours/week
- 10
-
Mark Fandrich
VP Strategic Partnerships (Mar-Jun)
- Total calculated
- $0
- Hours/week
- 10
-
Anita Moulton-Past President
Board Governance
- Total calculated
- $0
- Hours/week
- 10
-
Joe Clements
Strategic Plan Initiatves
- Total calculated
- $0
- Hours/week
- 10
-
Lexi Wikenheiser
Programs Co-Chair
- Total calculated
- $0
- Hours/week
- 10
-
Jill Nussbaum
Programs & Professional Development
- Total calculated
- $0
- Hours/week
- 10
-
Dave RustMembership
Recruitment Co-Chair (July-Mar)
- Total calculated
- $0
- Hours/week
- 10
-
Valbona Bushi
Membership Engagement Chair
- Total calculated
- $0
- Hours/week
- 10
-
David Rynders
Marketing & Communications Chair
- Total calculated
- $0
- Hours/week
- 10
-
Shayne Wilwert
Trusted Peer Groups Chair
- Total calculated
- $0
- Hours/week
- 10
-
Deb Weston
Membership Recruitment Co-Chair
- Total calculated
- $0
- Hours/week
- 10
-
Sabrina Johnson
DEI Chair
- Total calculated
- $0
- Hours/week
- 10
-
Eric Mitchellette
Career Services Chair
- Total calculated
- $0
- Hours/week
- 10
-
David Moe
Corp Membership Chair
- Total calculated
- $0
- Hours/week
- 10
-
Andre Creighton
Financial Literacy Initiative Chair
- Total calculated
- $0
- Hours/week
- 10
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part II:
- The Executive Director is an employee of Financial Executives International, the national chapter. Financial Executives International, Twin Cities Chapter, Inc. reimburses the national chapter for the Executive Director services. The 2023 expenses reimbursed totalled $129,885 and are reported on Line 11g of the Statement of Functional Expenses.
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
-
Program Support
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510449349301701
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