State Financial Officers Foundation Inc
- Assets
- $492.0k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Shawnee, KS
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 46-2604771
Organization Overview
State Financial Officers Foundation Inc is located in Shawnee, KS. The organization was established in 2015. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2022, State Financial Officers Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Financial Officers Foundation Inc 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 12/2022, State Financial Officers Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 26.4% per year over the past 8 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 PROMOTE FREE MARKET & FREE ENTERPRISE PRINCIPLES, AND TO EDUCATE BOTH THE PUBLIC AND STATE FINANCIAL OFFICERS ON THE ROLE OF RESPONSIBLE FINANCIAL MANAGEMENT IN A FREE MARKET ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SFOF HELD TWO NATIONAL CONFERENCES, WHICH BRING TOGETHER STATE FINANCIAL OFFICERS, LEADERS FROM THE PRIVATE SECTOR, AND ACADEMIA FOR ROUNDTABLE DISCUSSIONS AND PANELS ON A VARIETY OF FINANCIAL AND FISCAL POLICY MATTERS. SFOF'S CENTER FOR ECONOMIC FREEDOM IS AN EXTENSION OF SFOF'S RESEARCH AND MESSAGING CAPABILITIES, AND FILLS A CRITICAL GAP IN THE POLICY RESEARCH SPACE BY COMPILING KEY INFORMATION AROUND ESG INVESTING IN PUBLIC PENSIONS AND OTHER TAXPAYER-FUNDED INVESTMENT VEHICLES. THE CENTER FOR ECONOMIC FREEDOM'S WORK IS FOCUSED ON THREE KEY AREAS: RESEARCHING ESG, PROMOTING FIDUCIARY RESPONSIBILITY, AND DRIVING TRANSPARENCY AND ACCOUNTABILITY. IN 2023, THE CENTER IS UNDERTAKING FOUR KEY RESEARCH PROJECTS THAT WILL EDUCATE LEGISLATORS AND CITIZENS ABOUT THE RISKS ASSOCIATED WITH ESG AND WHAT CAN BE DONE TO STOP IT.
SFOF ORGANIZES, FINANCES, AND CONDUCTS THE ACTIVITIES OF ITS SMART WOMEN SMART MONEY SWSM PROGRAM. SWSM'S MISSION IS TO PROVIDE FINANCIAL EDUCATION AND EMPOWERMENT TO WOMEN THROUGHOUT THE UNITED STATES BY PRODUCING SWSM MAGAZINE, AN ONLINE MAGANIZE PROVIDING INFORMATION AND EDUCATIONAL ARTICLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Kreifels CEO | OfficerTrustee | 40 | $256,089 |
John Hart Director | Trustee | 2 | $0 |
Bridgett Wagner Vice President | OfficerTrustee | 2 | $0 |
Seth Metcalf President | OfficerTrustee | 2 | $0 |
Lisa B Nelson Director | Trustee | 2 | $0 |
Jimmy Kemp Secretary | OfficerTrustee | 2 | $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 | $1,986,733 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,986,733 |
| Total Program Service Revenue | $28,350 |
| Investment income | $133 |
| 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 | $2,015,216 |
| 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. | $257,789 |
| Compensation of current officers, directors, key employees. | $103,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,300 |
| Payroll taxes | $19,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,585 |
| Fees for services: Accounting | $14,701 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $69,272 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,500 |
| Advertising and promotion | $1,900 |
| Office expenses | $43,127 |
| Information technology | $44,727 |
| Royalties | $0 |
| Occupancy | $51,490 |
| Travel | $67,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $58,113 |
| Conferences, conventions, and meetings | $552,066 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,754 |
| All other expenses | $0 |
| Total functional expenses | $1,694,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,957 |
| Savings and temporary cash investments | $84,328 |
| 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 | $21,679 |
| 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 | $491,964 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $491,964 |
| Total liabilities and net assets/fund balances | $491,964 |