Form 990 for tax year 2023
Filed by CFA SOCIETY OF PHILADELPHIA INC.
Totals
- Total revenue
- $579,084
- Total expenses
- $617,205
- Contributions and grants received
- $341,805
- Grants paid
- $0
- Program service revenue
- $215,156
- Investment income
- $22,123
- Other revenue
- $0
- Total assets, end of year
- $959,881
- Total liabilities, end of year
- $190,752
- Net assets or fund balances, end of year
- $769,129
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $344,421
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
$296,248
-
1f · All other contributions, gifts and grants
$45,557
-
2a · Program service revenue: CFA INSTITUTE
total $141,782 · related or exempt $141,782
-
2b · Program service revenue: CFA REVIEW COURSE
total $60,061 · related or exempt $60,061
-
2c · Program service revenue: PROGRAM AND EVENT REVE
total $13,313 · related or exempt $13,313
-
3 · Investment income
total $22,123 · excluded $22,123
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $188,608
-
7 · Other salaries and wages
total $54,560
-
9 · Other employee benefits
total $22,340
-
10 · Payroll taxes
total $17,988
-
11a · Fees: management
total $54,521
-
11b · Fees: legal
total $488
-
11c · Fees: accounting
total $17,334
-
11g · Fees: other
total $7,961
-
12 · Advertising and promotion
total $9,750
-
13 · Office expenses
total $24,567
-
16 · Occupancy
total $14,309
-
17 · Travel
total $17,930
-
19 · Conferences, conventions and meetings
total $176,567
-
22 · Depreciation, depletion and amortization
total $410
-
23 · Insurance
total $2,668
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $7,204
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $403,622 · end of year $381,791
-
4 · Accounts receivable
beginning of year $1,190 · end of year $4,219
-
9 · Prepaid expenses and deferred charges
beginning of year $12,945 · end of year $25,850
-
10a · Land, buildings and equipment: cost or other basis
$18,474
-
10b · Land, buildings and equipment: accumulated depreciation
$16,776
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $1,698
-
11 · Investments: publicly traded securities
beginning of year $452,405 · end of year $489,130
-
15 · Other assets
beginning of year $0 · end of year $57,193
-
17 · Accounts payable and accrued expenses
beginning of year $12,718 · end of year $36,917
-
19 · Deferred revenue
beginning of year $85,175 · end of year $91,115
-
25 · Other liabilities
beginning of year $0 · end of year $62,720
-
27 · Net assets without donor restrictions
beginning of year $492,269 · end of year $489,129
-
28 · Net assets with donor restrictions
beginning of year $280,000 · end of year $280,000
Mission and programs · 2023
Mission
TO LEAD A PREEMINENT COMMUNITY OF INVESTMENT AND FINANCE PROFESSIONALS WHO PROMOTE THE HIGHEST STANDARDS OF ETHICS, EDUCATION AND PROFESSIONAL EXCELLENCE.
Activities or mission (Part I)
CAREER ADVANCEMENT OF PROFESSIONALS
-
ORGANIZED AND SPONSORED BREAKFASTS, LUNCHES, AND ANNUAL DINNER MEETINGS, EACH WITH A GUEST SPEAKER PROVIDING INFORMATION AND VIEWS ON TOPICAL INDUSTRY ISSUES.
Expenses $344,421 · Revenue $341,805
-
PROVIDED MEMBERS WITH STRUCTURED STUDY PROGRAM DESIGNED TO ASSIST THEM IN OBTAINING A PASSING GRADE ON THE CFA ACCREDIDATION EXAM.
As filed on the 2023 return.
Listed in Part VII
-
Aaron FilbeckAARON FILBECK
PROGRAMS COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew D'AmicoANDREW D'AMICO
OUTREACH COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Beth StoneBETH STONE
D&I CONFERENCE COMMITTEE C
- Total calculated
- $0
- Hours/week
- 1
-
Bill HaganBILL HAGAN
PRIVATE WEALTH MANAGEMENT
- Total calculated
- $0
- Hours/week
- 1
-
Brian LauzonBRIAN LAUZON
WEALTH MANAGEMENT COMMITTE
- Total calculated
- $0
- Hours/week
- 1
-
David ShepherdDAVID SHEPHERD
PROGRAMS COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Floyd SimpsonFLOYD SIMPSON
BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Lara CovielloLARA COVIELLO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Leslie TheodosopoulosLESLIE THEODOSOPOULOS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Melissa NovakMELISSA NOVAK
GOVERNANCE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael NeelyMICHAEL NEELY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Rich JakotowiczRICH JAKOTOWICZ
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Robert NortonROBERT NORTON
PROGRAMS COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sean HeberlingSEAN HEBERLING
GOVERNANCE COMMITTEE CO-CH
- Total calculated
- $0
- Hours/week
- 1
-
Rachel HorvathRACHEL HORVATH
MARKETING MANAGER
- Total calculated
- $53,300
- From this org
- $53,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Arthur RuffinARTHUR RUFFIN
SOCIETY RELATIONS MANAGER
- Total calculated
- $0
- Hours/week
- 1
-
Peter ConnersPETER CONNERS
EXECUTIVE DIRECTOR
- Total calculated
- $186,435
- From this org
- $186,435
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,435
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $186,435
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
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
- 2023
- Filed
- 9 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531349349307973
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.