Totals
- Total revenue
- $1,557,056
- Total expenses
- $1,877,028
- Contributions and grants received
- $512,683
- Grants paid
- $0
- Program service revenue
- $920,233
- Investment income
- $53,658
- Other revenue
- $70,482
- Total assets, end of year
- $3,207,633
- Total liabilities, end of year
- $1,790,642
- Net assets or fund balances, end of year
- $1,416,991
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1f · All other contributions, gifts and grants
$512,683
-
2a · Program service revenue: MEMBERSHIP DUES
total $829,683 · related or exempt $829,683
-
2b · Program service revenue: ACADEMIC PROGRAMS
total $29,443 · related or exempt $29,443
-
2c · Program service revenue: EDUCATIONAL EVENTS
total $27,460 · related or exempt $27,460
-
2d · Program service revenue: MEMBER DEVELOPMENT
total $24,847 · related or exempt $24,847
-
2e · Program service revenue: COMMUNICATIONS AND JOB
total $8,800 · unrelated business $8,800
-
3 · Investment income
total $38,931 · excluded $38,931
-
5 · Royalties
total $69,407 · excluded $69,407
-
7a · Gross sales of assets other than inventory
securities $199,950
-
7b · Less cost or other basis and sales expenses
securities $185,223
-
7c · Gain or loss
securities $14,727
-
7d · Net gain or loss
total $14,727 · excluded $14,727
-
11a · Other revenue: MISCELLANEOUS
total $1,075 · excluded $1,075
-
11e · Other revenue, total
$1,075
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $431,355
-
7 · Other salaries and wages
total $281,155
-
8 · Pension plan contributions
total $11,656
-
9 · Other employee benefits
total $40,932
-
10 · Payroll taxes
total $59,439
-
11b · Fees: legal
total $4,039
-
11c · Fees: accounting
total $51,146
-
11g · Fees: other
total $78,305
-
12 · Advertising and promotion
total $15,383
-
13 · Office expenses
total $86,796
-
14 · Information technology
total $74,641
-
16 · Occupancy
total $128,070
-
17 · Travel
total $18,767
-
19 · Conferences, conventions and meetings
total $527,591
-
22 · Depreciation, depletion and amortization
total $16,757
-
23 · Insurance
total $7,196
-
24a · Other expenses: BOD PROJECTS AND EXPENS
total $30,698
-
24b · Other expenses: MISCELLANEOUS
total $11,083
-
24c · Other expenses: SPECIAL PROJECTS
total $2,019
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $624,409 · end of year $647,174
-
2 · Savings and temporary cash investments
beginning of year $31 · end of year $37
-
4 · Accounts receivable
beginning of year $28,800 · end of year $7,381
-
9 · Prepaid expenses and deferred charges
beginning of year $147,836 · end of year $126,507
-
10a · Land, buildings and equipment: cost or other basis
$208,939
-
10b · Land, buildings and equipment: accumulated depreciation
$202,638
-
10c · Land, buildings and equipment, net
beginning of year $21,734 · end of year $6,301
-
11 · Investments: publicly traded securities
beginning of year $1,494,977 · end of year $1,545,286
-
15 · Other assets
beginning of year $954,503 · end of year $874,947
-
17 · Accounts payable and accrued expenses
beginning of year $87,348 · end of year $130,037
-
19 · Deferred revenue
beginning of year $695,746 · end of year $738,779
-
25 · Other liabilities
beginning of year $948,840 · end of year $921,826
-
27 · Net assets without donor restrictions
beginning of year $1,540,356 · end of year $1,416,991
Mission and programs · 2023
Mission
CFA SOCIETY CHICAGO, THE WORLD'S FIRST INVESTMENT ANALYSTS' SOCIETY, IS COMMITTED TO WORKING WITH OUR MEMBERS AND THE INVESTMENT COMMUNITY TO ACHIEVE OUR MISSION THROUGH THREE ORGANIZATIONAL PILLARS: (1) DELIVER MEMBER VALUE: DELIVER INDUSTRY-LEADING EVENTS FOCUSED ON CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT. OFFER A RANGE OF NETWORKING OPPORTUNITIES TO OUR MEMBERS. IMPLEMENT NEW TECHNOLOGY AND BUILD A DIGITAL CONTENT LIBRARY. (2) DEVELOP FUTURE PROFESSIONALS: MEASURE OUR ENGAGEMENT WITH TOP EMPLOYERS OF CFA CHARTERHOLDERS AND IMPROVE THESE SCORES OVER TIME. BUILD BRAND AWARENESS THROUGH MARKETING, SOCIAL MEDIA, AND PARTNERSHIPS. (3) BUILD MARKET INTEGRITY: SUPPORT FINANCIAL LITERACY IN OUR COMMUNITY THROUGH PARTNERSHIPS AND VOLUNTEER OPPORTUNITIES. BUILD RELATIONSHIPS WITH LOCAL UNIVERSITIES AND SUPPORT STUDENTS WHO ARE STUDYING FOR OR CONSIDERING THE CFA EXAMS. ENCOURAGE A DIVERSITY OF GENDER, RACE, AND THOUGHT.
Activities or mission (Part I)
CFA SOCIETY CHICAGO AIMS TO LEAD THE INVESTMENT MANAGEMENT AND FINANCIAL SERVICES PROFESSIONS BY PROMOTING THE HIGHEST STANDARDS OF ETHICS, CONTINUING EDUCATION, AND FOR THE BENEFIT OF CFA CHARTER HOLDERS IN OUR MARKET.
-
SPECIAL EDUCATIONAL EVENTS INCLUDE AN ANNUAL DINNER AND OTHER EVENTS DESIGNED TO FACILITATE NETWORKING AND INTERACTION AMONG THE MEMBERS AND INVESTMENT PROFESSIONALS. APPROXIMATELY 750 INVESTMENT PROFESSIONALS REGISTERED TO ATTEND OUR 2023 ANNUAL DINNER.
-
ACADEMIC PROGRAMS ARE DESIGNED TO EDUCATE ATTENDEES ON CURRENT ISSUES OF IMPORTANCE IN THE PROFESSION. MEMBERS RECEIVE CONTINUING EDUCATION CREDITS WITH THE CFA INSTITUTE FOR MOST OF THESE EVENTS. THERE WERE APPROXIMATELY 50 PROGRAMS HELD DURING THE YEAR, WITH APPROXIMATELY 3,500 REGISTERED TO ATTEND.
-
MEMBER DEVELOPMENT INVOLVES THE CREATION AND DELIVERY OF PROGRAMMING THAT FOSTERS EDUCATION, NETWORKING AND JOB PLACEMENT OPPORTUNITIES. MEMBER DEVELOPMENT ALSO REFERS TO EFFORTS WITH ACADEMIA THAT BUILD THE CONSTITUENCY OF CFA CHARTER HOLDERS IN THIS MARKET.
-
CFA SOCIETY CHICAGO PARTNERS WITH THE ECONOMIC AWARENESS COUNCIL AND THE GREENWOOD PROJECT TO SHAPE THE INVESTMENT INDUSTRY AND SERVE THE GREATER GOOD BY SHARING FINANCIAL LITERACY VOLUNTEER OPPORTUNITIES FOR CFA MEMBERS TO TEACH INNER CITY HIGH SCHOOL STUDENTS THE BASICS OF SAVINGS AND INVESTMENTS AND TO MENTOR MINORITY COLLEGE STUDENTS AND TO INTRODUCE THEM TO CAREERS IN THE FINANCE INDUSTRY.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William FitzpatrickWILLIAM FITZPATRICK
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Catherine DrakeCATHERINE DRAKE
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy HeerJEREMY HEER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Katharine WyattKATHARINE WYATT
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
James BoudreaultJAMES BOUDREAULT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tiffany GreenhouseTIFFANY GREENHOUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sheri HawkinsSHERI HAWKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Aaron MederAARON MEDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kweku ObedKWEKU OBED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Blake PontiusBLAKE PONTIUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Peeyush ShuklaPEEYUSH SHUKLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Carla Norfleet-TaylorCARLA NORFLEET-TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jennika Gold ThomasJENNIKA GOLD THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sulin BaSULIN BA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Benjamin JohnsonBENJAMIN JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Erika MaschmeyerERIKA MASCHMEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Matthew MorrisMATTHEW MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Christopher VincentCHRISTOPHER VINCENT
PRESIDENT AND CEO
- Total calculated
- $238,077
- From this org
- $207,402
- From related orgs
- $0
- Other
- $30,675
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,902
- Bonus
- $51,500
- Other
- $0
- Deferred
- $11,000
- Nontaxable benefits
- $19,675
- Filer's total
- $238,077
-
Joyolin BrownJOYOLIN BROWN
COO
- Total calculated
- $169,146
- From this org
- $156,489
- From related orgs
- $0
- Other
- $12,657
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,989
- Bonus
- $6,500
- Other
- $0
- Deferred
- $6,363
- Nontaxable benefits
- $6,294
- Filer's total
- $169,146
-
Rosemary SprovieriROSEMARY SPROVIERI
DIRECTOR OF FINANCE
- Total calculated
- $0
- Hours/week
- 40
-
Suzanne KarpickSUZANNE KARPICK
DIRECTOR OF FINANCE
- Total calculated
- $0
- Hours/week
- 40
-
Kathleen HurleyKATHLEEN HURLEY
DIR OF PROGRAMMING/SPONSORSHIPS
- Total calculated
- $115,520
- From this org
- $108,922
- From related orgs
- $0
- Other
- $6,598
- 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
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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
- 1 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501829349301855
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