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← SOCIETY OF DEFENSE FINANCIAL MANAGEMENT

Form 990 for tax year 2023

Filed by SOCIETY OF DEFENSE FINANCIAL MANAGEMENT.

Totals

Total revenue
$7,096,596
Total expenses
$7,376,908
Contributions and grants received
$231,138
Grants paid
$44,974
Program service revenue
$6,756,040
Investment income
$83,989
Other revenue
$25,429
Total assets, end of year
$7,314,516
Total liabilities, end of year
$1,336,119
Net assets or fund balances, end of year
$5,978,397
Program services expenses (Part IX)
$5,838,826
Management and general expenses
$1,538,082
Fundraising expenses
$0
Program service expenses (Part III)
$5,838,826

Program services were 79.2% 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.

  • 1e · Government grants (contributions)

    $231,138

  • 2a · Program service revenue: PDI SYMPOSIUM

    total $5,385,286 · related or exempt $5,385,286

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $640,273 · related or exempt $640,273

  • 2c · Program service revenue: CERTIFICATION PROGRAM

    total $533,449 · related or exempt $533,449

  • 2d · Program service revenue: CONTRACT REVENUE

    total $94,000 · related or exempt $94,000

  • 2e · Program service revenue: PBS INCOME

    total $52,799 · related or exempt $52,799

  • 2f · All other program service revenue

    total $50,233 · related or exempt $443 · unrelated business $49,790

  • 3 · Investment income

    total $77,088 · excluded $77,088

  • 5 · Royalties

    total $3,054 · excluded $3,054

  • 7a · Gross sales of assets other than inventory

    securities $3,120,334

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

    securities $3,113,433

  • 7c · Gain or loss

    securities $6,901

  • 7d · Net gain or loss

    total $6,901 · excluded $6,901

  • 11a · Other revenue: OTHER INCOME

    total $22,375 · excluded $22,375

  • 11e · Other revenue, total

    $22,375

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,974 · program services $25,974

  • 2 · Grants to domestic individuals

    total $19,000 · program services $19,000

  • 5 · Compensation of officers, directors and key employees

    total $255,481 · program services $185,559 · management and general $69,922

  • 7 · Other salaries and wages

    total $1,162,854 · program services $844,597 · management and general $318,257

  • 8 · Pension plan contributions

    total $50,775 · program services $36,879 · management and general $13,896

  • 9 · Other employee benefits

    total $166,814 · program services $121,160 · management and general $45,654

  • 10 · Payroll taxes

    total $99,180 · program services $72,036 · management and general $27,144

  • 11b · Fees: legal

    total $1,435 · program services $320 · management and general $1,115

  • 11c · Fees: accounting

    total $70,027 · management and general $70,027

  • 11f · Fees: investment management

    total $19,320 · management and general $19,320

  • 11g · Fees: other

    total $1,337,172 · program services $1,190,142 · management and general $147,030

  • 12 · Advertising and promotion

    total $398,475 · program services $16,843 · management and general $381,632

  • 13 · Office expenses

    total $443,565 · program services $335,827 · management and general $107,738

  • 14 · Information technology

    total $329,964 · program services $61,548 · management and general $268,416

  • 17 · Travel

    total $26,184 · program services $9,676 · management and general $16,508

  • 19 · Conferences, conventions and meetings

    total $2,548,738 · program services $2,531,649 · management and general $17,089

  • 22 · Depreciation, depletion and amortization

    total $31,801 · program services $20,909 · management and general $10,892

  • 23 · Insurance

    total $34,238 · program services $11,396 · management and general $22,842

  • 24a · Other expenses: EDUCATION AND TRAINING

    total $342,671 · program services $342,071 · management and general $600

  • 24b · Other expenses: MEMBERSHIP & CHAPTER DE

    total $13,240 · program services $13,240

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,554 · end of year $717,260

  • 2 · Savings and temporary cash investments

    beginning of year $1,768,473 · end of year $898,153

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $231,138

  • 4 · Accounts receivable

    beginning of year $1,271,696 · end of year $1,288,394

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,658 · end of year $82,795

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

    $3,330,967

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

    $844,483

  • 10c · Land, buildings and equipment, net

    beginning of year $2,030,831 · end of year $2,486,484

  • 11 · Investments: publicly traded securities

    beginning of year $2,037,521 · end of year $1,606,292

  • 15 · Other assets

    beginning of year $4,000 · end of year $4,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $583,173 · end of year $712,992

  • 19 · Deferred revenue

    beginning of year $591,221 · end of year $623,127

  • 27 · Net assets without donor restrictions

    beginning of year $6,058,339 · end of year $5,978,397

Mission and programs · 2023

Mission

THE SOCIETY OF DEFENSE FINANCIAL MANAGEMENT PROMOTES THE EDUCATION AND TRAINING OF ITS MEMBERS, AND SUPPORTS THE DEVELOPMENT AND ADVANCEMENT OF THE PROFESSION OF MILITARY COMPTROLLERSHIP.

Activities or mission (Part I)

TO PROMOTE EDUCATION, TRAINING, AND DEVELOPMENT OF THE PROFESSION OF MILITARY COMPTROLLERSHIP.

  • PROFESSIONAL DEVELOPMENT INSTITUTE SYMPOSIUM TO PROVIDE TRAINING WORKSHOPS FOR MEMBERS

    Expenses $3,086,064 · Grants $25,974 · Revenue $5,385,286

  • CERTIFIED DEFENSE FINANCIAL MANAGER PROGRAM

    Expenses $812,968 · Revenue $533,449

  • MEMBERSHIP SERVICES AND SUPPORT

    Expenses $424,055 · Grants $19,000 · Revenue $640,273

  • EDUCATION AND PROFESSIONAL DEVELOPMENT

    Expenses $1,174,417 · Revenue $146,799

  • ARMED FORCES COMPTROLLER PUBLICATION

    Expenses $341,322 · Revenue $443

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Glenda Scheiner

    PRESIDENT - DFAS

    Total calculated
    $0
    Hours/week
    2

  • Nancy Phillips

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Deanna Randolph

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kim Laurance

    VICE PRESIDENT - DEFENSE-W

    Total calculated
    $0
    Hours/week
    1

  • Mike Mehrman

    VICE PRESIDENT - ARMY

    Total calculated
    $0
    Hours/week
    1

  • Natalia Li

    VICE PRESIDENT - NAVY

    Total calculated
    $0
    Hours/week
    1

  • Leslie Ferguson

    VICE PRESIDENT - USMC

    Total calculated
    $0
    Hours/week
    1

  • Tina Pierce

    VICE PRESIDENT - AIR FORCE

    Total calculated
    $0
    Hours/week
    1

  • Mats Persson

    VICE PRESIDENT - DFAS

    Total calculated
    $0
    Hours/week
    1

  • Rdml Matt Lake

    VICE PRESIDENT - USCG

    Total calculated
    $0
    Hours/week
    1

  • Dr Ann Tipton

    VICE PRESIDENT - DHS

    Total calculated
    $0
    Hours/week
    1

  • Ginger Bonin

    CORPORATE ADVISORY GROUP

    Total calculated
    $0
    Hours/week
    1

  • Terry Elling

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    2

  • Richard Brady

    CHIEF EXEC. OFFICER

    Total calculated
    $281,529
    From this org
    $267,262
    From related orgs
    $0
    Other
    $14,267
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,262
    Bonus
    $30,000
    Other
    $0
    Deferred
    $14,267
    Nontaxable benefits
    $0
    Filer's total
    $281,529

  • Elizabeth A Martin-Long

    DIRECTOR OF MEMBERSHIP (END 06/23)

    Total calculated
    $118,241
    From this org
    $100,667
    From related orgs
    $0
    Other
    $17,574
    Hours/week
    40

  • Phara G Rodrigue

    DIRECTOR OF CERTIFICATION

    Total calculated
    $147,737
    From this org
    $127,694
    From related orgs
    $0
    Other
    $20,043
    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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

Provenance

Return type
form_990
Tax year
2023
Filed
16 April 2025
IRS schema version
2023v6.0
Source object
202541229349300309

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