Form 990 for tax year 2023
Filed by FINANCIAL PLANNING ASSOCIATION.
Totals
- Total revenue
- $507,218
- Total expenses
- $526,237
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $502,429
- Investment income
- $4,789
- Other revenue
- $0
- Total assets, end of year
- $270,197
- Total liabilities, end of year
- $5,700
- Net assets or fund balances, end of year
- $264,497
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
2a · Program service revenue: MEETING REVENUE
total $47,498 · related or exempt $47,498
-
2b · Program service revenue: Membership Dues & Assessments
total $58,897 · related or exempt $58,897
-
2c · Program service revenue: SPECIAL EVENTS
total $199,696 · related or exempt $199,696
-
2d · Program service revenue: SPONSORSHIPS
total $196,338 · excluded $196,338
-
3 · Investment income
total $4,789 · excluded $4,789
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
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 $192,645
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $17,808
-
14 · Information technology
total $2,588
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $100,876
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $501
-
24a · Other expenses: SPECIAL EVENTS
total $211,755
-
24b · Other expenses: TAXES
total $64
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $293,782 · end of year $268,327
-
2 · Savings and temporary cash investments
beginning of year $3,191 · end of year $1,420
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $9,200 · end of year $450
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
19 · Deferred revenue
beginning of year $33,688 · end of year $5,700
-
27 · Net assets without donor restrictions
beginning of year $272,485 · end of year $264,497
Mission and programs · 2023
Mission
Provide membership education, meetings & annual conference covering informational topics for members to keep current on & that are used to provide financial services to the public. Members earn educational credits as required by the CFP Board, State of Minnesota, State of Wisconsin, NASBA, CIMA & CLE.
Activities or mission (Part I)
Provide membership education, meetings, and annual conferences covering informational topics.
-
HELD 10 EDUCATIONAL MEETINGS COVERING INFORMATIONAL TOPICS THAT MEMBERS NEED TO KEEP CURRENT ON & 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 & THE INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION. Up to two continuing education units per meeting.
-
HELD AN ANNUAL CONFERNCE FOR THE FINANCIAL PLANNING INDUSTRY & MEMBERS TO LEARN ABOUT FINANCIAL PLANNING ISSUES & 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 & MINNESOTA BOARD OF CONTINUING LEGAL EDUCATION. UP TO 15 CONTINUING EDUCATION UNITS. IN 2023, THE ANNUAL CONFERENCE WAS IN-PERSON WITH 383 ATTENDING.
-
Held special events for financial planning industry individuals, members, students & career changers to learn about current financial planning issues. Provided scholarships to students for their continued education to attain the certified financial planner designation. Held a golf outing for the industry.
As filed on the 2023 return.
Listed in Part VII
-
Peter SnowPETER SNOW
Chairman
- Total calculated
- $0
- Hours/week
- 4
-
Bruce LorenzBRUCE LORENZ
President
- Total calculated
- $0
- Hours/week
- 4
-
Nicole MeekerNICOLE MEEKER
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 4
-
Mark BriceMARK BRICE
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
David LeflarDAVID LEFLAR
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mai YangMAI YANG
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jeanna FiferJEANNA FIFER
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bonnie RomanoBONNIE ROMANO
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lee RyanLEE RYAN
Director
- Total calculated
- $0
- Hours/week
- 2
-
Keith LovelandKEITH LOVELAND
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dan McDonaldDAN MCDONALD
Director
- Total calculated
- $0
- Hours/week
- 2
-
Alex PengellyALEX PENGELLY
Director
- Total calculated
- $0
- Hours/week
- 2
-
Corey AndersonCOREY ANDERSON
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
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423189349310087
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