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Nonprofiteer
← FINANCIAL PLANNING ASSOCIATION

Form 990 for tax year 2022

Filed by FINANCIAL PLANNING ASSOCIATION.

Totals

Total revenue
$228,916
Total expenses
$339,084
Contributions and grants received
$249,189
Grants paid
$0
Program service revenue
$44,308
Investment income
$7,981
Other revenue
-$72,562
Total assets, end of year
$306,173
Total liabilities, end of year
$33,688
Net assets or fund balances, end of year
$272,485
Program services expenses (Part IX)
$339,084
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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

    $61,894

  • 1f · All other contributions, gifts and grants

    $187,295

  • 2a · Program service revenue: MEETING REVENUE

    total $44,308 · related or exempt $44,308

  • 3 · Investment income

    total $7,981 · excluded $7,981

  • 8a · Fundraising events: gross income

    $191,386

  • 8b · Fundraising events: direct expenses

    $263,948

  • 8c · Net income from fundraising events

    total -$72,562

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $177,809 · program services $177,809

  • 13 · Office expenses

    total $2,112 · program services $2,112

  • 14 · Information technology

    total $7,246 · program services $7,246

  • 19 · Conferences, conventions and meetings

    total $15,550 · program services $15,550

  • 23 · Insurance

    total $689 · program services $689

  • 24a · Other expenses: MEETING EXPENSE

    total $41,725 · program services $41,725

  • 24b · Other expenses: PR COMMITTEE

    total $29,020 · program services $29,020

  • 24c · Other expenses: PROGRAMS COMMITTEE

    total $24,810 · program services $24,810

  • 24d · Other expenses: MERCHANT ACCNT CHARGES

    total $14,048 · program services $14,048

  • 24e · All other expenses

    total $26,075 · program services $26,075

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $108,929 · end of year $293,782

  • 2 · Savings and temporary cash investments

    beginning of year $13,338 · end of year $3,191

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,208

  • 11 · Investments: publicly traded securities

    beginning of year $358,652

  • 15 · Other assets

    end of year $9,200

  • 19 · Deferred revenue

    beginning of year $58,940 · end of year $33,688

  • 27 · Net assets without donor restrictions

    beginning of year $443,187 · end of year $272,485

Mission and programs · 2022

Mission

PROVIDE MEMBERSHIP EDUCATION, MEETINGS, AND ANNUAL CONFERENCE COVERING INFORMATIONAL TOPICS FOR MEMBERS TO KEEP CURRENT ON AND THAT ARE USED TO PROVIDE FINANCIAL SERVICES TO THE PUBLIC. MEMBERS EARN EDUCATIONAL CREDITS AS REQUIRED BY THE CFP BOARD, STATE OF MN, STATE OF WI, NASBA, CIMA, AND CLE.

Activities or mission (Part I)

PROVIDE MEMBERSHIP EDUCATION, MEETINGS, AND ANNUAL CONFERENCE COVERING INFORMATIONAL TOPICS.

  • HELD 10 VIRTUAL EDUCATIONAL MEETINGS COVERING INFORMATIONAL TOPICS THAT MEMBERS NEED TO KEEP CURRENT ON AND THAT ARE USED IN PROVIDING FINANCIAL PLANNING SERVICES TO THE PUBLIC. MEMBERS EARN EDUCATIONAL CREDITS AS REQUIRED BY THE CFP BOARD OF STANDARDS, THE STATE OF MINNESOTA, THE STATE OF WISCONSIN, THE MINNESOTA BOARD OF CONTINUING LEGAL EDUCATION, THE NATIONAL ASSOCIATION OF THE STATE BOARD OF ACCOUNTANCY, AND THE INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION. UP TO TWO CONTINUING EDUCATION UNITS PER MEETING.

  • HELD AN ANNUAL CONFERENCE FOR THE FINANCIAL PLANNING INDUSTRY AND MEMBERS TO LEARN ABOUT FINANCIAL PLANNING ISSUES AND EARN EDUCATIONAL CREDITS AS REQUIRED BY THE CFP BOARD OF STANDARDS, THE STATE OF MINNESOTA, THE STATE OF WISCONSIN, THE NATIONAL ASSOCIATION OF STATE BOARD OF ACCOUNTANCY, THE INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION, AND MINNESOTA BOARD OF CONTINUING LEGAL EDUCATION. UP TO 15 CONTINUING EDUCATION UNITS. IN 2022, THE ANNUAL CONFERENCE WAS IN-PERSON WITH 185 MEMBERS AND 205 NONMEMBERS ATTENDING.

  • HELD SPECIAL EVENTS ONLINE FOR CONSUMERS, FINANCIAL PLANNING INDUSTRY AND MEMBERS TO LEARN ABOUT FINANCIAL PLANNING ISSUES, INCLUDING FOCUS ON EDUCATING CONSUMERS ABOUT FINANCIAL PLANNING AS WELL A STUDENTS AND CAREER CHANGERS WITH SCHOLARSHIPS PROVIDED FOR THEIR CONTINUED EDUCATION TO ATTAIN THE CERTIFIED FINANCIAL PLANNER DESIGNATION.

  • HELD A GOLF OUTING FOR THE INDUSTRY AND PROVIDED SCHOLARSHIPS FOR STUDENTS CONTINUING EDUCATION TO ATTAIN THE CERTIFIED FINANCIAL PLANNER DESIGNATION.

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

Listed in Part VII

  • Jessica Hawthorne

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

  • Ryan Antkowiak

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Peter Snow

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mark Brice

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    2

  • Nick Gearhart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lory Wessel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Wixon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bruce Lorenz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rebecca Bell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Preeti Higgings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Keith Loveland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lee Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mai Yang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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
15 November 2023
IRS schema version
2022v5.0
Source object
202333209349301743

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