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Nonprofiteer
← CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC

Form 990 for tax year 2022

Filed by CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC.

Totals

Total revenue
$48,603,332
Total expenses
$53,430,544
Contributions and grants received
$3,048,027
Grants paid
$0
Program service revenue
$46,121,710
Investment income
-$647,903
Other revenue
$81,498
Total assets, end of year
$82,364,201
Total liabilities, end of year
$51,077,254
Net assets or fund balances, end of year
$31,286,947
Program services expenses (Part IX)
$48,920,336
Management and general expenses
$4,269,793
Fundraising expenses
$240,415
Program service expenses (Part III)
$48,920,336

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KAMILA ELLIOTT CFP

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • MATT BOERSEN CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ROBERTA KARMEL CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • LIZ MILLER CFP CFA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • RON GREEN CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • LATHA RAMCHAND CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • NATALIE WOLFSEN CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • DAN MOISAND CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ALEX ROZMAN CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ANERI JAMBUSARIA CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • RICK SHERLOCK CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • NANCY SMITH CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • LOUIS BARAJAS CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • TERRI KALLSEN CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • PETER ROHR CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MARTIN SEAY PH D CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • KEVIN KELLER

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,149,931
    From this org
    $977,815
    From related orgs
    $0
    Other
    $172,116
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $642,060
    Bonus
    $335,755
    Other
    $0
    Deferred
    $133,001
    Nontaxable benefits
    $39,115
    Filer's total
    $1,149,931

  • LEO RYDZEWSKI

    GENERAL COUNSEL

    Total calculated
    $721,041
    From this org
    $616,596
    From related orgs
    $0
    Other
    $104,445
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $442,100
    Bonus
    $94,622
    Other
    $79,874
    Deferred
    $99,619
    Nontaxable benefits
    $4,826
    Filer's total
    $721,041

  • ROGER MYERS JR

    STATEGIC ADVISOR TO CEO

    Total calculated
    $624,933
    From this org
    $527,875
    From related orgs
    $0
    Other
    $97,058
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $370,378
    Bonus
    $77,623
    Other
    $79,874
    Deferred
    $85,214
    Nontaxable benefits
    $11,844
    Filer's total
    $624,933

  • KEVIN YEA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $286,514
    From this org
    $205,454
    From related orgs
    $0
    Other
    $81,060
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $205,454
    Bonus
    $0
    Other
    $0
    Deferred
    $72,625
    Nontaxable benefits
    $8,435
    Filer's total
    $286,514

  • ELIZABETH STEWART

    CHIEF OPERATING OFFICER

    Total calculated
    $658,283
    From this org
    $534,120
    From related orgs
    $0
    Other
    $124,163
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $389,868
    Bonus
    $64,378
    Other
    $79,874
    Deferred
    $100,550
    Nontaxable benefits
    $23,613
    Filer's total
    $658,283

  • MAUREEN THOMPSON

    VP OF PUBLIC POLICY

    Total calculated
    $505,498
    From this org
    $431,700
    From related orgs
    $0
    Other
    $73,798
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $325,566
    Bonus
    $26,260
    Other
    $79,874
    Deferred
    $65,410
    Nontaxable benefits
    $8,388
    Filer's total
    $505,498

  • JOSEPH MAUGERI

    MANAGING DIRECTOR

    Total calculated
    $460,816
    From this org
    $365,023
    From related orgs
    $0
    Other
    $95,793
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $258,943
    Bonus
    $47,506
    Other
    $58,574
    Deferred
    $77,561
    Nontaxable benefits
    $18,232
    Filer's total
    $460,816

  • JAMES KATSAOUNIS

    MANAGING DIRECTOR

    Total calculated
    $285,706
    From this org
    $251,355
    From related orgs
    $0
    Other
    $34,351
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $246,355
    Bonus
    $5,000
    Other
    $0
    Deferred
    $24,758
    Nontaxable benefits
    $9,593
    Filer's total
    $285,706

  • THOMAS SPORKIN

    MANAGING DIRECTOR

    Total calculated
    $539,618
    From this org
    $420,520
    From related orgs
    $0
    Other
    $119,098
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $358,570
    Bonus
    $61,950
    Other
    $0
    Deferred
    $98,419
    Nontaxable benefits
    $20,679
    Filer's total
    $539,618

  • JOHN LOPER

    MANAGING DIRECTOR

    Total calculated
    $324,288
    From this org
    $278,783
    From related orgs
    $0
    Other
    $45,505
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $236,194
    Bonus
    $42,589
    Other
    $0
    Deferred
    $26,988
    Nontaxable benefits
    $18,517
    Filer's total
    $324,288

  • ERIN KOEPPEL

    DIRECTOR

    Total calculated
    $346,421
    From this org
    $323,572
    From related orgs
    $0
    Other
    $22,849
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $249,126
    Bonus
    $74,446
    Other
    $0
    Deferred
    $17,634
    Nontaxable benefits
    $5,215
    Filer's total
    $346,421

  • ADAM ZAJAC

    DIRECTOR

    Total calculated
    $333,023
    From this org
    $311,109
    From related orgs
    $0
    Other
    $21,914
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $237,618
    Bonus
    $73,491
    Other
    $0
    Deferred
    $14,851
    Nontaxable benefits
    $7,063
    Filer's total
    $333,023

  • D A ABRAMS

    DIRECTOR

    Total calculated
    $229,925
    From this org
    $203,633
    From related orgs
    $0
    Other
    $26,292
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $168,781
    Bonus
    $34,852
    Other
    $0
    Deferred
    $17,857
    Nontaxable benefits
    $8,435
    Filer's total
    $229,925

  • TIM STIFFEL

    DIRECTOR

    Total calculated
    $253,231
    From this org
    $222,480
    From related orgs
    $0
    Other
    $30,751
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $190,884
    Bonus
    $31,596
    Other
    $0
    Deferred
    $22,400
    Nontaxable benefits
    $8,351
    Filer's total
    $253,231

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
PART I, LINE 4B - 457(F) PLAN - ALL APPROVED EXECUTIVES PARTICIPATE IN THE PLAN. A NON-QUALIFIED DEFERRED COMPENSATION PLAN IS MAINTAINED IN ACCORDANCE WITH SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR THE BENEFIT OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER (CEO) AND APPROVED EXECUTIVES. UNDER THE TERMS OF THE PLAN, BEGINNING JANUARY 1 OF EACH CALENDAR YEAR, EXECUTIVE TEAM MEMBERS WHO WERE EMPLOYED AT THE ORGANIZATION IN THE PREVIOUS CALENDAR YEAR MAY EARN A COMPENSATION AWARD AS DETERMINED BY THE CEO. SUCH A COMPENSATION AWARD IS ALSO REVIEWED BY THE CEO OVERSIGHT COMMITTEE. THE CEO MAY EARN AN ADDITIONAL AMOUNT AS DETERMINED BY THE BOARD OF DIRECTORS. THE CEO'S DEFERRED COMPENSATION IS VESTED AND PAID OUT IN ACCORDANCE WITH THE TERMS OF HIS CONTRACT. EACH DEFERRED COMPENSATION AWARD FOR ALL OTHER APPROVED EXECUTIVES IS GENERALLY VESTED THREE YEARS FROM THE GRANT DATE. UPON VESTING THE AWARD IS PAID OUT TO THE EXECUTIVE. THE AWARD IS AT RISK OF FORFEITURE UNTIL IT IS FULLY VESTED. THE CASH DISTRIBUTION AMOUNTS REFLECTED ON THE SECOND LIST OF THE FOLLOWING PAGE WERE AWARDED PREVIOUSLY AND MET THE VESTING REQUIREMENTS DURING THE YEAR IN WHICH THEY WERE PAID OUT. THE FOLLOWING EXECUTIVE LEADER TEAM MEMBERS PARTICIPATED IN THE PLAN: NAME TITLE AMOUNT KEVIN R. KELLER CHIEF EXECUTIVE OFFICER $100,000 ROGER MYERS CHIEF FINANCIAL OFFICER $58,217 KEVIN YEA CHIEF FINANCIAL OFFICER $50,000 JOSEPH MAUGERI MANAGING DIRECTOR $42,506 LEO RYDZEWSKI GENERAL COUNSEL $72,000 ELIZABETH STEWART CHIEF OPERATING OFFICER $72,000 MAUREEN THOMPSON VP OF PUBLIC POLICY $40,000 THOMAS SPORKIN MANAGING DIRECTOR $72,000 THE FOLLOWING MEMBERS RECEIVED A 457F CASH DISTRIBUTION: NAME TITLE AMOUNT ROGER MYERS CHIEF FINANCIAL OFFICER $79,874 JOSEPH MAUGERI MANAGING DIRECTOR $58,574 LEO RYDZEWSKI GENERAL COUNSEL $79,874 ELIZABETH STEWART CHIEF OPERATING OFFICER $79,874 MAUREEN THOMPSON VP OF PUBLIC POLICY $79,874

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
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202333069349303358

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

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