Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $434,003

• 2a · Program service revenue: PROFESSIONAL DEVELOPMENT

  total $2,499,086 · related or exempt $2,499,086

• 2b · Program service revenue: CONTENT

  total $456,979 · related or exempt $456,979

• 3 · Investment income

  total $94,371 · excluded $94,371

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $2,850 · related or exempt $2,850

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7d · Net gain or loss

  total $0

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $2,884

• 10b · Cost of goods sold

  $3,499

• 10c · Net income from sales of inventory

  total -$615 · unrelated business $0 · excluded -$615

• 11a · Other revenue: MANAGEMENT FEE

  total $22,376 · related or exempt $22,376

• 11b · Other revenue: OTHER INCOME

  total $6,612 · related or exempt $6,612

• 11e · Other revenue, total

  $28,988

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $0

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $0

• 8 · Pension plan contributions

  total $0

• 9 · Other employee benefits

  total $0

• 10 · Payroll taxes

  total $0

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $5,967 · management and general $5,967

• 11c · Fees: accounting

  total $22,762 · management and general $22,762

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $194,711 · program services $166,837 · management and general $26,946 · fundraising $928

• 12 · Advertising and promotion

  total $121,317 · program services $76,482 · fundraising $44,835

• 13 · Office expenses

  total $8,176 · program services $4,691 · management and general $3,485

• 14 · Information technology

  total $112,798 · program services $72,422 · management and general $36,380 · fundraising $3,996

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $37,644 · program services $19,603 · management and general $16,224 · fundraising $1,817

• 17 · Travel

  total $34,199 · program services $10,790 · management and general $22,818 · fundraising $591

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $920,496 · program services $920,496

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $0

• 23 · Insurance

  total $0

• 24a · Other expenses: ALLOC. SALARIES & BENEFITS

  total $2,372,699 · program services $1,106,554 · management and general $1,152,225 · fundraising $113,920

• 24b · Other expenses: OTHER EXPENSES

  total $5,622 · program services $2,928 · management and general $2,423 · fundraising $271

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $90,013 · end of year $45,302

• 2 · Savings and temporary cash investments

  beginning of year $575,720 · end of year $651,026

• 3 · Pledges and grants receivable

  beginning of year $256,248 · end of year $60,659

• 4 · Accounts receivable

  beginning of year $1,079,374 · end of year $698,580

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $37,201 · end of year $18,658

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $2,600,388 · end of year $3,077,044

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $58,811 · end of year $46,254

• 17 · Accounts payable and accrued expenses

  beginning of year $391,668 · end of year $448,654

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $541,354 · end of year $372,740

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $3,764,733 · end of year $3,776,129

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

CORE FORM, PART VII AND SCHEDULE J

IN ACCORDANCE WITH FORM 990 RULES, REGULATIONS AND INSTRUCTIONS, TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM EACH INDIVIDUAL'S 2023 FORM W-2 AND FORM 1099-NEC; IF APPLICABLE. AS OUTLINED IN OUR RESPONSE TO CORE FORM, PART VI, QUESTION 15, THE SOLE CORPORATE MEMBER OF THE ORGANIZATION IS FINANCIAL EXECUTIVES INTERNATIONAL ("FEI"); A RELATED INTERNAL REVENUE CODE SECTION 501(C)(6) TAX-EXEMPT ORGANIZATION. THE FOUNDATION HAS NO PAID OFFICERS OR EMPLOYEES. THE OFFICERS AND EMPLOYEES OF THE FOUNDATION ARE COMPENSATED BY FEI. FEI'S BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE WHICH IS A STANDING COMMITTEE. THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE ORGANIZATION'S PRESIDENT/CHIEF EXECUTIVE OFFICER ("CEO") AND OTHER MEMBERS OF THE SENIOR MANAGEMENT TEAM WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON QUALIFIED. THE COMPENSATION COMMITTEE ENSURES THAT THE "TOTAL COMPENSATION" OF THE PRESIDENT/CEO AND MEMBERS OF SENIOR MANAGEMENT OF THE ORGANIZATION IS REASONABLE BY OBTAINING AND RELYING UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION. THE COMPENSATION COMMITTEE IS COMPRISED OF MEMBERS OF FEI'S BOARD OF DIRECTORS, EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMPENSATION COMMITTEE SHALL DETERMINE THE COMPENSATION OF THE PRESIDENT/CEO OF FEI, IT SHALL APPROVE THE COMPENSATION OF STAFF OFFICERS AND STAFF DIRECTORS AND IT SHALL REVIEW AND APPROVE THE COMPENSATION POLICIES AND PRACTICES FOR OTHER STAFF PERSONNEL. THE PRESIDENT SHALL PARTICIPATE IN ALL MATTERS THAT COME BEFORE THE COMPENSATION COMMITTEE, EXCEPT MATTERS THAT RELATE TO THE PRESIDENT/CEO'S COMPENSATION. THE ACTIONS TAKEN BY THE COMPENSATION COMMITTEE ENABLE THE ORGANIZATION TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF THE PRESIDENT/CEO AND THE SENIOR MANAGEMENT TEAM. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMPENSATION COMMITTEE IS COMPRISED OF MEMBERS OF FEI'S BOARD OF DIRECTORS EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMPENSATION COMMITTEE RELIED UPON APPROPRIATE COMPARABLE DATA; SPECIFICALLY, THE COMMITTEE WORKED WITH A MANAGEMENT CONSULTING FIRM SPECIALIZING IN STRATEGIC PLANNING, ORGANIZATIONAL DEVELOPMENT AND HUMAN RESOURCE SYSTEMS. SALARY GRADES, WHICH SET COMPENSATION RANGES, ARE PERIODICALLY REVIEWED BY THIS INDEPENDENT CONSULTANT, WHO COMPARES THOSE GRADES TO INDUSTRY AVERAGES FOR NOT-FOR-PROFITS. COMPENSATION FOR THE PRESIDENT/CEO AND THE SENIOR MANAGEMENT PERSONNEL ARE SET WITHIN THE APPROPRIATE SALARY GRADES. THE COMPENSATION COMMITTEE REPORTS DIRECTLY TO FEI'S BOARD OF DIRECTORS WHEREIN ALL DISCUSSIONS AT THE COMMITTEE LEVEL ARE DOCUMENTED IN WRITTEN MEETING MINUTES OF THE FULL FEI BOARD OF DIRECTORS.