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← CFA INSTITUTE RESEARCH FOUNDATION

Form 990 for tax year 2022

Filed by CFA INSTITUTE RESEARCH FOUNDATION.

Totals

Total revenue
$902,437
Total expenses
$620,419
Contributions and grants received
$381,101
Grants paid
$40,205
Program service revenue
$2,463
Investment income
$518,718
Other revenue
$155
Total assets, end of year
$19,036,392
Total liabilities, end of year
$86,794
Net assets or fund balances, end of year
$18,949,598
Program services expenses (Part IX)
$547,298
Management and general expenses
$73,121
Fundraising expenses
$0
Program service expenses (Part III)
$547,298

Program services were 88.2% 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.

  • 1d · Related organizations

    $176,441

  • 1f · All other contributions, gifts and grants

    $204,660

  • 2a · Program service revenue: PUBLICATIONS

    total $2,463 · related or exempt $2,463

  • 3 · Investment income

    total $458,740 · excluded $458,740

  • 5 · Royalties

    total $155 · excluded $155

  • 7a · Gross sales of assets other than inventory

    securities $400,000

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

    securities $340,022

  • 7c · Gain or loss

    securities $59,978

  • 7d · Net gain or loss

    total $59,978 · excluded $59,978

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,205 · program services $18,205

  • 2 · Grants to domestic individuals

    total $11,000 · program services $11,000

  • 3 · Grants to foreign organizations and individuals

    total $11,000 · program services $11,000

  • 11c · Fees: accounting

    total $42,225 · management and general $42,225

  • 11g · Fees: other

    total $240,985 · program services $240,985

  • 13 · Office expenses

    total $26,268 · program services $22,172 · management and general $4,096

  • 14 · Information technology

    total $176,438 · program services $176,438

  • 17 · Travel

    total $49,533 · program services $49,533

  • 19 · Conferences, conventions and meetings

    total $2,465 · program services $2,465

  • 21 · Payments to affiliates

    total $38,300 · program services $11,500 · management and general $26,800

  • 24a · Other expenses: MEMBERSHIP & PROF. DUES

    total $4,000 · program services $4,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,187 · end of year $70,585

  • 4 · Accounts receivable

    beginning of year $111

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,167 · end of year $66,359

  • 11 · Investments: publicly traded securities

    beginning of year $17,574,809 · end of year $18,715,237

  • 15 · Other assets

    beginning of year $10,572 · end of year $184,211

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,975 · end of year $86,794

  • 27 · Net assets without donor restrictions

    beginning of year $17,645,871 · end of year $18,949,598

Mission and programs · 2022

Mission

SEE SCHEDULE OCFA INSTITUTE RESEARCH FOUNDATION'S MISSION IS TO PROVIDE INDEPENDENT, HIGH-QUALITY RESEARCH THAT HELPS INVESTMENT PROFESSIONALS EFFECTIVELY FULFILL THEIR DUTIES WITH PRUDENCE, LOYALTY, AND CARE. THE FOUNDATION EMPHASIZES RESEARCH OF PRACTICAL VALUE TO INVESTMENT PROFESSIONALS,WHILE EXPLORING NEW AND CHALLENGING TOPICS THAT PROVIDE A UNIQUE PERSPECTIVE IN THE EVOLVING PROFESSION OF INVESTMENT MANAGEMENT.

Activities or mission (Part I)

SEE SCHEDULE OCFA INSTITUTE RESEARCH FOUNDATION'S MISSION IS TO PROVIDE INDEPENDENT, HIGH QUALITY RESEARCH THAT HELPS INVESTMENT PROFESSIONALS EFFECTIVELY FULFILL THEIR DUTIES WITH PRUDENCE, LOYALTY, AND CARE.

  • SEE SCHEDULE O

    Expenses $547,298 · Grants $40,205 · Revenue $2,463

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Margaret Franklin CFA

    BOARD MEMBER

    Total calculated
    $1,305,592
    From this org
    $0
    From related orgs
    $1,258,421
    Other
    $47,171
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $658,000 related
    Bonus
    $0 + $570,400 related
    Other
    $0 + $30,021 related
    Deferred
    $0 + $36,600 related
    Nontaxable benefits
    $0 + $10,571 related
    Filer's total
    $0 + $1,305,592 related

  • Walter V Haslett Jr CFA

    EXECUTIVE DIRECTOR/BOARD

    Total calculated
    $364,790
    From this org
    $0
    From related orgs
    $308,507
    Other
    $56,283
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,937 related
    Bonus
    $0 + $42,674 related
    Other
    $0 + $5,896 related
    Deferred
    $0 + $36,183 related
    Nontaxable benefits
    $0 + $20,100 related
    Filer's total
    $0 + $364,790 related

  • Aaron Low CFA

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joanne Hill PhD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Amra Balic

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aaron Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kati Eriksson CFA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bill Fung PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heinz Hockmann PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kingpai Koosakulnirund CFA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Punita Kumar-Sinha CFA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lotta Moberg PhD CFA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dave Uduanu CFA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kurt Winkelmann PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kimball E Maynard

    TREASURER

    Total calculated
    $272,249
    From this org
    $0
    From related orgs
    $233,166
    Other
    $39,083
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,950 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $4,216 related
    Deferred
    $0 + $27,474 related
    Nontaxable benefits
    $0 + $11,609 related
    Filer's total
    $0 + $272,249 related

  • Jessica Lawson

    SECRETARY

    Total calculated
    $89,441
    From this org
    $0
    From related orgs
    $66,971
    Other
    $22,470
    Hours/week
    2 + 40 related

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

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

The filer's explanations (Part III)

PART I, LINE 1A
FIRST CLASS OR CHARTER TRAVEL: THE BOARD OF TRUSTEES MAY BE ELIGIBLE FOR FIRST CLASS RAIL TRAVEL. TRAVEL FOR COMPANIONS: THE BOARD OF TRUSTEES ARE ELIGIBLE TO PURCHASE AN ADDITIONAL TICKET FOR ONE COMPANION IN THE SAME CLASS OF SERVICE FOR ONE BUSINESS TRIP PER FISCAL YEAR. THE COST OF THE SECOND TICKET IS COVERED BY CFA INSTITUTE RESEARCH FOUNDATION BUT REPRESENTS TAXABLE INCOME TO THE TRAVELER. THIS BENEFIT DOES NOT ROLL OVER IF NOT USED WITHIN THE FISCAL YEAR.

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

  • DUFF & PHELPS HOLDINGS CORPORATION DBA DUFF & PHELPS LLC

    $14,205

    GEN SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CVILLE OPERATIONS HOLDINGS INC

    C · REAL ESTATE · VA

Provenance

Return type
form_990
Tax year
2022
Filed
20 June 2024
IRS schema version
2022v5.0
Source object
202401779349301105

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