Indianapolis Society Of Financial Analysts Inc
- Assets
- $199.0k
- Revenue
- $242.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 09/1971
- Data as of
- 06/2023
- EIN
- 23-7119206
Organization Overview
Indianapolis Society Of Financial Analysts Inc, operating under the name CFA Society of Indianapolis, is located in Carmel, IN. The organization was established in 1971. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. CFA Society of Indianapolis 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 06/2023, CFA Society of Indianapolis generated $242.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $218.3k during the year ending 06/2023. While expenses have increased by 19.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A MEMBERSHIP ORGANIZATION THAT BRINGS TOGETHER THE INDIANAPOLIS INVESTMENT COMMUNITY TO GROW THEIR INVESTMENT KNOWLEDGE BUILD STRONGER NETWORKS AND ENJOY EVENTS WITH COMPELLING SPEAKERS FROM OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY HELD ITS ANNUAL INVESTMENT FORUM AT THE INDIANAPOLIS MOTOR SPEEDWAY. OVER 300 GUESTS CAME TO THE EDUCATIONAL AND NETWORKING EVENT FOR MEMBERS AND SPONSORS. THE FORUM HAD 22 SPEAKERS REPRESENTING GOVERNMENT EMPLOYEES INVESTMENT MANAGERS AND OTHER ORGANISATIONAL LEADERS.
AT THE BEGINNING OF EVERY YEAR THE SOCIETY HOSTS ITS INVESTMENT SYMPOSIUM TO HELP ATTENDEES PREPARE FOR THE YEAR AHEAD IN THE CAPITAL MARKETS. IN JANUARY 2023 200 GUESTS ATTENDED THE EVENT AT BANKER'S LIFE FIELDHOUSE WHERE A LOCAL AWARD-WINNING INVESTOR AND A FAMOUS HEDGE FUND MANAGER SPOKE. GUESTS HEARD ABOUT THEIR THOUGHTS ON RISK MANAGEMENT AND THE POTENTIAL INVESTMENT OPPORTUNITIES IN THE YEAR AHEAD. AFTER THE SPEAKERS GUESTS WERE ABLE TO NETWORK AND LEARN FROM EACH OTHER.
OVER THE LAST FEW YEARS THE SOCIETY HAS HOSTED AN ANNUAL CHARITY GOLF OUTING. THE EVENT PROCEEDS BENEFIT LOCAL ORGANIZATIONS THAT FOCUS ON FINANCIAL LITERACY. WE FOCUS ON VALUING FINANCIAL EDUCATION AND DO OUR PART TO HELP THE FUTURE. WE RAISED $8,000 FOR THE 100 BLACK MEN OF INDIANAPOLIS AND THEIR DOLLARS AND $ENSE FINANCIAL LITERACY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Luegers President | OfficerTrustee | 10 | $0 |
Roger Lee Vice-President | OfficerTrustee | 3 | $0 |
Thomas Kaiser Treasurer | OfficerTrustee | 2 | $0 |
Andrew Renz Secretary | OfficerTrustee | 2 | $0 |
Scott Ryan Board Member | Trustee | 1 | $0 |
David Goldberg Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,828 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,367 |
| Total Program Service Revenue | $153,957 |
| Investment income | $1,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $34,563 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,779 |
| Advertising and promotion | $18,083 |
| Office expenses | $4,099 |
| Information technology | $2,245 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $133,104 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $218,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,960 |
| Savings and temporary cash investments | $66,073 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $63,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $199,030 |
| Accounts payable and accrued expenses | $15,919 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,919 |
| Net assets without donor restrictions | $0 |
| 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 | $183,111 |
| Total liabilities and net assets/fund balances | $199,030 |