Skip to content
Nonprofiteer
← SOCIETY OF FINANCIAL SERVICE PROFESSIONALS

Form 990 for tax year 2022

Filed by SOCIETY OF FINANCIAL SERVICE PROFESSIONALS.

Totals

Total revenue
$2,191,875
Total expenses
$2,181,898
Contributions and grants received
$115,092
Grants paid
$0
Program service revenue
$1,710,509
Investment income
$226,211
Other revenue
$140,063
Total assets, end of year
$698,485
Total liabilities, end of year
$604,354
Net assets or fund balances, end of year
$94,131
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.

  • 1e · Government grants (contributions)

    $115,092

  • 2a · Program service revenue: DUES

    total $1,423,921 · related or exempt $1,423,921

  • 2b · Program service revenue: CONTINUING EDUCATION

    total $197,088 · related or exempt $197,088

  • 2c · Program service revenue: SPONSORED PROGRAMS

    total $86,000 · related or exempt $86,000

  • 2d · Program service revenue: JOURNAL ADVERTISING

    total $3,500 · unrelated business $3,500

  • 3 · Investment income

    total $22,452 · excluded $22,452

  • 5 · Royalties

    total $133,734 · excluded $133,734

  • 7a · Gross sales of assets other than inventory

    securities $1,223,683

  • 7b · Less cost or other basis and sales expenses

    securities $1,019,924

  • 7c · Gain or loss

    securities $203,759

  • 7d · Net gain or loss

    total $203,759 · excluded $203,759

  • 11a · Other revenue: MISCELLANEOUS

    total $6,169 · excluded $6,169

  • 11b · Other revenue: CLOSED CHAPTERS

    total $160 · excluded $160

  • 11e · Other revenue, total

    $6,329

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $356,228

  • 7 · Other salaries and wages

    total $1,072,333

  • 8 · Pension plan contributions

    total $32,826

  • 9 · Other employee benefits

    total $60,658

  • 10 · Payroll taxes

    total $98,971

  • 11c · Fees: accounting

    total $25,200

  • 11f · Fees: investment management

    total $3,660

  • 11g · Fees: other

    total $140,613

  • 12 · Advertising and promotion

    total $11,901

  • 13 · Office expenses

    total $115,870

  • 14 · Information technology

    total $7,765

  • 17 · Travel

    total $86,012

  • 20 · Interest

    total $17,120

  • 22 · Depreciation, depletion and amortization

    total $20,092

  • 23 · Insurance

    total $34,681

  • 24a · Other expenses: SERVICE CHARGE

    total $47,178

  • 24b · Other expenses: FILING FEES

    total $24,652

  • 24c · Other expenses: EQUIPMENT

    total $16,119

  • 24d · Other expenses: DUES

    total $10,019

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $99,349 · end of year $161,114

  • 2 · Savings and temporary cash investments

    beginning of year $85,030 · end of year $56,738

  • 4 · Accounts receivable

    beginning of year $93,828 · end of year $58,272

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,195 · end of year $31,804

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

    $72,340

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

    $51,423

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $20,917

  • 11 · Investments: publicly traded securities

    beginning of year $1,125,215 · end of year $336,256

  • 15 · Other assets

    beginning of year $33,384 · end of year $33,384

  • 17 · Accounts payable and accrued expenses

    beginning of year $100,005 · end of year $96,700

  • 19 · Deferred revenue

    beginning of year $592,226 · end of year $486,665

  • 23 · Secured mortgages and notes payable

    beginning of year $650,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $20,989

  • 27 · Net assets without donor restrictions

    beginning of year $177,770 · end of year $94,131

Mission and programs · 2022

Mission

THE MISSION OF THE SOCIETY OF FINANCIAL SERVICE PROFESSIONALS (SFSP) IS TO ADVANCE THE PROFESSIONALISM OF CREDENTIALLED MEMBERS IN DIVERSE DISCIPLINES SO THAT THEY MAY BETTER SERVE THEIR CLIENTS' FINANCIAL NEEDS. (CONTINUED ON SCHEDULE O)SFSP IS COMMITTED TO: EMPOWERING NETWORKS THAT CREATE A PROFESSIONAL HOME IDENTIFIED BY A SET OF CORE VALUES, BELIEFS AND THE OPPORTUNITY FOR LEARNING AND GROWTH; PROVIDING CONTINUING EDUCATION THAT IS COMPREHENSIVE, CURRENT AND PRACTICAL AND WHICH EXTENDS THE WISDOM WITHIN OUR MEMBERSHIP; AND RECOGNIZING AS MEMBERS THOSE WHO ABIDE BY OUR CODE OF PROFESSIONAL RESPONSIBILITY.

Activities or mission (Part I)

PROMOTE PROFESSIONALISM AMONG MEMBERS TO HELP THEM DELIVER THE HIGHEST LEVEL OF CLIENT SERVICE

  • CONTINUING EDUCATION: EDUCATION PROGRAMMING PROVIDED TO OUR OVER 3,900 MEMBERS AND OVER 400 NON-MEMBERS DESIGNED TO KEEP THEM CURRENT AND PROFICIENT IN THEIR ROLES WITHIN THE FINANCIAL SERVICES INDUSTRY.DURING FY20, THE WORLD HEALTH ORGANIZATION DECLARED THE SPREAD OF CORONAVIRUS DISEASE A WORLDWIDE PANDEMIC. IN FY23, EDUCATION PROGRAMMING PARTICIPATION AND FINANCIAL RESULTS HAVE NOT RECOVERED, AND, THEREFORE, CONTINUE TO BE NEGATIVELY IMPACTED.

  • JOURNAL: SCHOLARLY PUBLICATION PROVIDED TO OUR OVER 3,900 MEMBERS AND SOLD TO NON-MEMBERS. THE CONTENT CONTRIBUTES TO THE CONTINUING EDUCATION OF THE MEMBERS, TO THE ADVANCEMENT OF PROFESSIONALISM IN THE INDUSTRY AND TO THE ULTIMATE BENEFIT OF THE PUBLIC.

  • SECTIONS: SECTIONS ARE OUR OVER 3,900 MEMBERS LINK TO TARGETED INFORMATION FROM SOCIETY AND NETWORKING OPPORTUNITIES WITH OTHER SOCIETY MEMBERS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ernesto J Guerriero Clu Chfc

    IMMEDIATE PAST PRESIDENT; PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jesse G Dogillo CFP Clu Chfc Aep

    PRESIDENT; PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kathleen W Bilderback JD Llm

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Andrew J Rinn JD CFP Clu Chfc

    PRESIDENT-ELECT; SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Troy D Branch JD Clu Chfc

    SECRETARY; DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tabitha L Atwell JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacqueline Baldwin Cltc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sarah Corney JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joshua Dluhos Ms

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nick Elbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Fridich JD Clu Chfc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark D Masters JD Aep

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kirk A Sadilek Aif Chfc Clu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Rousos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michele B Collins JD

    DIRECTOR TO AUG 2023

    Total calculated
    $0
    Hours/week
    1

  • Kelly Dancy JD

    DIRECTOR TO AUG 2023

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David M Maola JD MBA

    CEO

    Total calculated
    $349,249
    From this org
    $320,147
    From related orgs
    $0
    Other
    $29,102
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $320,147
    Bonus
    $0
    Other
    $0
    Deferred
    $10,050
    Nontaxable benefits
    $19,052
    Filer's total
    $349,249

  • Brian Horn

    CIO

    Total calculated
    $163,323
    From this org
    $156,980
    From related orgs
    $0
    Other
    $6,343
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,980
    Bonus
    $0
    Other
    $0
    Deferred
    $4,703
    Nontaxable benefits
    $1,640
    Filer's total
    $163,323

  • Anne Rigney

    GENERAL COUNSEL

    Total calculated
    $133,774
    From this org
    $120,821
    From related orgs
    $0
    Other
    $12,953
    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. 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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
11 July 2024
IRS schema version
2022v5.0
Source object
202431949349300918

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.