Society Of Financial Examiners
- Assets
- $1.1m
- Revenue
- $778.4k
- Investments
- $362.0k
- Employees
- 0
- Location
- Summerfield, NC
- Founding
- 08/1974
- Data as of
- 12/2023
- EIN
- 23-7327434
Organization Overview
Society Of Financial Examiners is located in Summerfield, NC. The organization was established in 1974. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Financial Examiners 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 12/2023, Society Of Financial Examiners generated $778.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $729.8k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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
TO PROVIDE A PROFESSIONAL FORUM FOR FINANCIAL EXAMINERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY PROMOTES CERTIFICATION OF FINANCIAL EXAMINERS THROUGH EDUCATIONAL SEMINARS, PROGRAMS, NEWSLETTERS AND JOURNALS. THE SOCIETY CONDUCTS TESTS TO CERTIFY EXAMINERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trey Hancock Governor | Trustee | 0.5 | $0 |
Stacey Alden Governor | Trustee | 0.5 | $0 |
Scott Eady Governor | Trustee | 0.5 | $0 |
Jop Bunyasrie Governor | Trustee | 0.5 | $0 |
Susan Bernard Governor | Trustee | 0.5 | $0 |
Daniel Judge Governor | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Executives Group Management | 12/30/17 | $107,962 |
Meeting Services Inc Management | 12/30/17 | $380,740 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $725,399 |
| Investment income | $48,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $778,393 |
| 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. | $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 | $224,190 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,034 |
| Fees for services: Other | $6,043 |
| Advertising and promotion | $2,249 |
| Office expenses | $5,883 |
| Information technology | $70,220 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $47,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $278,017 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,634 |
| All other expenses | $3,183 |
| Total functional expenses | $729,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,154 |
| Savings and temporary cash investments | $0 |
| 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 | $10,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $532,070 |
| Investments—other securities | $362,004 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,077,228 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $131,550 |
| 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 | $131,550 |
| Net assets without donor restrictions | $943,682 |
| Net assets with donor restrictions | $1,996 |
| 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 | $1,077,228 |