Society Of Financial Service Professionals
- Assets
- $1.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 19
- Location
- Ardmore, PA
- Founding
- 09/1950
- Data as of
- 09/2021
- EIN
- 23-1379056
Organization Overview
Society Of Financial Service Professionals is located in Ardmore, PA. The organization was established in 1950. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Human Services and related organizations. As of 09/2021, Society Of Financial Service Professionals employed 19 individuals. This organization is the central organization for a national or regional group of organizations. Society Of Financial Service Professionals is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, Society Of Financial Service Professionals generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $2.5m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE PROFESSIONALISM AMONG MEMBERS TO HELP THEM DELIVER THE HIGHEST LEVEL OF CLIENT SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING EDUCATION: EDUCATION PROGRAMMING PROVIDED TO OUR OVER 4,800 MEMBERS AND OVER 500 NON-MEMBERS DESIGNED TO KEEP THEM CURRENT AND PROFICIENT IN THEIR ROLES WITHIN THE FINANCIAL SERVICES INDUSTRY.DURING FY20, THE WORLD HEALTH ORGANIZATION DECLARED THE SPREAD OF CORONAVIRUS DISEASE A WORLDWIDE PANDEMIC. IN FY21, EDUCATION PROGRAMMING PARTICIPATION AND FINANCIAL RESULTS CONTINUED TO BE NEGATIVELY IMPACTED.
JOURNAL: SCHOLARLY PUBLICATION PROVIDED TO OUR OVER 4,800 MEMBERS AND SOLD TO NON-MEMBERS. THE CONTENT CONTRIBUTES TO THE CONTINUING EDUCATION OF THE MEMBERS, TO THE ADVANCEMENT OF PROFESSIONALISM IN THE INDUSTRY AND TO THE ULTIMATE BENEFIT OF THE PUBLIC.
SECTIONS: SECTIONS ARE OUR OVER 4,800 MEMBERS LINK TO TARGETED INFORMATION FROM SOCIETY AND NETWORKING OPPORTUNITIES WITH OTHER SOCIETY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Maolo JD CEO | Officer | 39 | $328,621 |
Brian Horn Cio | 40 | $149,528 | |
Anne Rigney General Counsel | 40 | $121,177 | |
Donna Conrad CFO | Officer | 40 | $113,365 |
Kathleen W Bilderback Jdllmaep President; President-Elect | OfficerTrustee | 1 | $0 |
Ernesto J Guerriero Cluchfccebsc President-Elect; Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $680 |
| Total Program Service Revenue | $2,053,697 |
| Investment income | $34,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $125,466 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,731 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,343,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $496,980 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,099,147 |
| Pension plan accruals and contributions | $34,016 |
| Other employee benefits | $78,775 |
| Payroll taxes | $118,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,865 |
| Fees for services: Accounting | $18,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,344 |
| Fees for services: Other | $107,144 |
| Advertising and promotion | $52,823 |
| Office expenses | $114,591 |
| Information technology | $28,800 |
| Royalties | $0 |
| Occupancy | $123,169 |
| Travel | $1,394 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,180 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,084 |
| Insurance | $37,665 |
| All other expenses | $0 |
| Total functional expenses | $2,453,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,385 |
| Savings and temporary cash investments | $66,415 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $62,971 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,531,952 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,384 |
| Total assets | $1,943,499 |
| Accounts payable and accrued expenses | $138,570 |
| Grants payable | $0 |
| Deferred revenue | $645,400 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $450,000 |
| Unsecured mortgages and notes payable | $314,835 |
| Other liabilities | $0 |
| Total liabilities | $1,548,805 |
| Net assets without donor restrictions | $394,694 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,943,499 |
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