Federation Of Associations Of Regulatory Boards
- Assets
- $116.7k
- Revenue
- $353.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 06/1974
- Data as of
- 03/2022
- EIN
- 23-7375992
Organization Overview
Federation Of Associations Of Regulatory Boards is located in Schaumburg, IL. The organization was established in 1974. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Of Associations Of Regulatory Boards is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Federation Of Associations Of Regulatory Boards generated $353.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $421.3k during the year ending 03/2022. While expenses have increased by 7.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE EXCELLENCE IN REGULATION OF THE PROFESSIONS IN THE INTEREST OF PUBLIC PROTECTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL FORUM CONFERENCE IS OPEN TO MEMBERS AND NON-MEMBERS OF FARB ATTRACTING ATTENDANCE FROM NATIONAL ASSOCIATIONS, STATE BOARD MEMBERS, & ATTORNEYS REPRESENTING A WIDE ARRAY OF LICENSED AND REGULATED PROFESSIONS. PARTICIPANTS COME FROM ALL PARTS OF NORTH AMERICA AND U.S.TERRITORIES. THE CONFERENCE SPANS THREE DAYS WITH PRESENTATIONS AND INTERACTIVE WORKSHOPS DEVOTED TO CURRENT ISSUES AND TRENDS THAT AFFECT PROFESSIONAL REGULATORS. AN ADDITIONAL COMPREHENSIVE TRAINING SESSION IS WELL ATTENDED BY PARTICIPANTS TO RECEIVE SPECIFIC BOARD MEMBER TRAINING. PARTICIPANTS MAY EARN CLE.
THE ANNUAL REGULATORY LAW SEMINAR IS OPEN TO MEMBERS AND NON-MEMBERS ATTRACTING ATTENDANCE FROM NATIONAL ASSOCIATIONS, STATE BOARD MEMBERS, & ATTORNEYS REPRESENTING A WIDE ARRAY OF LICENSED AND REGULATED PROFESSIONS. THE PARTICIPANTS COME FROM ALL PARTS OF NORTH AMERICA AND U.S.TERRITORIES. THE CONFERENCE SPANS THREE DAYS WITH PRESENTATIONS AND INTERACTIVE WORKSHOPS FOCUSING ON ALL FACETS OF EXISTING AND NEW LAW THAT IMPACTS REGULATORY BOARDS OVERSEEING LICENSE PROFESSIONALS. ATTENDEES EARN CLE. AN ETHICS TRAINING SESSION FOR ATTORNEYS ALLOWS LICENSED ATTORNEYS TO EARN REQUIRED CLE.
THE ANNUAL LEADERSHIP CONFERENCE IS A TWO DAY INVITATION ONLY MEETING FOR NATIONAL ASSOCIATION MEMBERS. IT IS SPECIFICALLY DESIGNED FOR PRESIDENTS, CEO'S, EXECUTIVE DIRECTORS, BOARD MEMBERS & STAFF OF NATIONAL AND INTERNATIONAL ASSOCIATIONS OF REGULATORY BOARDS. THE CONFERENCE PROVIDES AN INTIMATE SETTING FOR NATIONAL ASSOCIATIONS TO SHARE ISSUES AND OPPORTUNITIES WHILE REVIEWING RECENT TRENDS, NEWSWORTHY TOPICS, AND FUTURE THOUGHTS ABOUT PROFESSIONAL LICENSING AND REGULATIONS AT THE STATE AND NATIONAL LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dalene Paull President | OfficerTrustee | 5 | $0 |
Thom Banks Treasurer | OfficerTrustee | 5 | $0 |
Michael J Armstrong Vice President | OfficerTrustee | 5 | $0 |
Dia Gainor Mpa Director | Trustee | 1 | $0 |
Veronica Meadows Cae Director | Trustee | 1 | $0 |
Anne Minton MBA Ice-Ccp Director | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $353,448 |
| Investment income | $0 |
| 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 | $353,448 |
| 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 | $180,233 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,662 |
| Information technology | $720 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,612 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $211,137 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,290 |
| All other expenses | $0 |
| Total functional expenses | $421,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,861 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,800 |
| 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 | $6,082 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,743 |
| Accounts payable and accrued expenses | $35,704 |
| Grants payable | $0 |
| Deferred revenue | $19,355 |
| 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 | $55,059 |
| Net assets without donor restrictions | $61,684 |
| 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 | $116,743 |
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