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CFA SOCIETY OF MINNESOTA

EIN 41-1861989 MINNEAPOLIS, MN

Revenue 2024
$532,347
Expenses 2024
$511,916

As filed

Subsection
06
NTEE code
S41
Classification
1000
Street
121 S 8TH ST STE 825

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

TO ADVANCE PROFESSIONAL EXCELLENCE WHILE PROMOTING ETHICAL BEHAVIOR AND FELLOWSHIP THROUGH DEVELOPMENT AND ENGAGEMENT OPPORTUNITIES FOR OUR MEMBERS.

  • ANNUAL DINNER - THE CFAMN ANNUAL DINNER IS OUR LARGEST PUBLIC AWARENESS EVENT, DESIGNED TO RAISE THE LEVEL OF AWARENESS OF OUR MEMBERS IN THE BROADER COMMUNITY AS WELL AS BRING TOGETHER AS LARGE A GROUP OF MEMBERS AS POSSIBLE TO CONTINUE WORKING TOWARD DEVELOPMENT OF "COMMUNITY." A VERITABLE "WHO'S WHO" OF THE LOCAL INVESTMENT COMMUNITY - CLIENTS, SPOUSES AND EMPLOYERS AS WELL AS THE GENERAL MEMBERSHIP - IS INVITED AND ENCOURAGED TO ATTEND. THE ANNUAL DINNER WAS HELD IN FEBRUARY 2025 WITH 400 ATTENDEES.

  • NEW CFA CHARTERHOLDER RECOGNITION - THE CHARTERED FINANCIAL ANALYST (CFA) DESIGNATION IS A GLOBALLY RECOGNIZED STANDARD FOR MEASURING THE COMPETENCE AND INTEGRITY OF INVESTMENT PROFESSIONALS. THE THREE LEVELS OF EXAMINATION VERIFY A CANDIDATE'S ABILITY TO APPLY THESE PRINCIPLES ACROSS ALL AREAS OF THE INVESTMENT DECISION-MAKING PROCESS. THE PROGRAM'S PROFESSIONAL CONDUCT REQUIREMENTS DEMAND THAT BOTH CFA CANDIDATES AND CHARTERHOLDERS ADHERE TO THE HIGHEST STANDARDS OF ETHICAL RESPONSIBILITY. IN FY2025 WE HELD 1 DINNER WITH MORE THAN 60 ATTENDEES.

  • PROFESSIONAL LEARNING - PROFESSIONAL LEARNING EVENTS ARE HELD THROUGHOUT OUR ACTIVE MONTHS (SEPTEMBER THROUGH JUNE). PROGRAMS TYPICALLY ARE OFFERED IN AN EVENING FORMAT AND PROVIDE UPDATES ON CURRENT INDUSTRY TOPICS AND BEST PRACTICES. MEETINGS ARE OPEN TO MEMBERS, OTHER INDUSTRY PROFESSIONALS AND STUDENTS. SPEAKERS ARE REPRESENTATIVES FROM THE FINANCIAL SERVICES INDUSTRY, BOTH LOCAL AND NATIONAL PERSPECTIVES. IN FY2025 (SEP 2024-AUG 2025), WE OFFERED MORE THAN 25 IN PERSON AND VIRTUAL EVENTS, ATTENDED BY MORE THAN 1400 PEOPLE.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • SHANNON SCHAAF

    EXECUTIVE DIRECTOR

    Total calculated
    $125,073
    From this org
    $123,008
    From related orgs
    $0
    Other
    $2,065
    Hours/week
    40

  • ROB BRITTON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • ZACHARY WANZEK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • CORY MARKLING

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • MELISSA GILBERTSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • KATHRYN LYONS

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • CHRIS BECKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DAVID BRANDMIRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • KC CONNORS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • KATY FARLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • CURT LACHAPPELLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JONATHAN LEVY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MACKENZIE MERRILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DAVID SLEGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • PHIL STERN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $532,347
    Expenses
    $511,916
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $471,478
    Expenses
    $521,631
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $462,913
    Expenses
    $464,215
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $488,537
    Expenses
    $414,416
    Assets (EOY)
    $646,817

  • 2020 · 990

    Revenue
    $381,401
    Expenses
    $344,763
    Assets (EOY)
    $568,505

  • 2019 · 990

    Revenue
    $530,123
    Expenses
    $506,536
    Assets (EOY)
    $502,264

  • 2018 · 990

    Revenue
    $584,583
    Expenses
    $595,747
    Assets (EOY)
    $531,490

  • 2017 · 990

    Revenue
    $525,427
    Expenses
    $497,816
    Assets (EOY)
    $460,819

  • 2016 · 990

    Revenue
    $533,094
    Expenses
    $571,077
    Assets (EOY)
    $441,099

  • 2015 · 990

    Revenue
    $587,320
    Expenses
    $574,659
    Assets (EOY)
    $519,149

  • 2014 · 990

    Revenue
    $519,644
    Expenses
    $494,812
    Assets (EOY)
    $456,265

  • 2013 · 990

    Revenue
    $519,187
    Expenses
    $441,749
    Assets (EOY)
    $403,814

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $367,577
    Assets (EOY)
    $276,987

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.