Southern Finance Association
- Assets
- $1.4m
- Revenue
- $150.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, AL
- Founding
- 03/1981
- Data as of
- 12/2021
- EIN
- 52-1236267
Organization Overview
Southern Finance Association is located in Jacksonville, AL. The organization was established in 1981. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Finance Association 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 12/2021, Southern Finance Association generated $150.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $179.7k during the year ending 12/2021. 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
THE SOUTHERN FINANCE ASSOCIATION IS AN ACADEMIC ASSOCIATION THAT PROMOTES EDUCATION AND RESEARCH IN THE FIELD OF FINANCE THROUGH AN ANNUAL MEETING OF THE MEMBERSHIP TO PRESENT ORIGINAL ACADEMIC RESEARCH PAPERS AND THROUGH THE PUBLICATION OF THE JOURNAL OF FINANCIAL RESEARCH FOUR TIMES PER YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL MEETING OF THE MEMBERSHIP OF THE SOUTHERN FINANCE ASSOCIATION IS HELD IN NOVEMBER EACH YEAR. IN 2021 IT BROUGHTAPPROXIMATELY 300 PARTICIPANTS TO A MEETING TO PRESENT ORIGINAL ACADEMIC RESEARCH PAPERS. THE ASSOCIATION HAS 10 TIME SLOTS FOR 8 CONCURRENT SESSIONS EACH WHERE 3 RESEARCH PAPERS ARE PRESENTED DISCUSSED AND CRITIQUED DURING THE THREE DAYS OF THE MEETING. FOR 2021 APPROXIMATELY 250 RESEARCH PAPERS WERE PRESENTED.
IN CONJUNCTION WITH THE SOUTHWESTERN FINANCE ASSOCIATION THE SOUTHERN FINANCE ASSOCIATION SPONSORS THE ACADEMIC JOURNAL.THE JOURNAL OF FINANCIAL RESEARCH. THE JOURNAL IS PUBLISHED 4 TIMES PER YEAR BY WILEY PUBLISHERS ON BEHALF OF THE TWO ASSOCIATION. IT IS DISTRIBUTED TO APPROXIMATELY 650 MEMBERS OF THE ASSOCIATION AND TO ACADEMIC LIBRARIES WORLDWIDE THROUGH PRINT AND ELECTRONIC MEANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Reinhart VP For Finance | Officer | 5 | $20,000 |
Ronnie Clayton Executive Director | Officer | 10 | $10,000 |
Bill Schmidt VP For Administration | Officer | 1 | $2,000 |
Kathleen Fuller Secretary | Officer | 1 | $500 |
Alvaro Taboada President | Officer | 5 | $0 |
Honghui Chen Director | Officer | 0 | $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 | $2,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,325 |
| Total Program Service Revenue | $60,223 |
| Investment income | $16,720 |
| 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 | $150,822 |
| 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 | $9,900 |
| Compensation of current officers, directors, key employees. | $52,500 |
| Compensation of current officers, directors, key employees. | $52,500 |
| 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 | $0 |
| 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 | $76,631 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $179,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,506 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,296,440 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,365,946 |
| 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 | $1,365,946 |
| 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 | $1,365,946 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Financing Foundation Inc Marietta, GA | $721,231,640 | $88,509,348 |
Institute For Professionals In Taxation Atlanta, GA | $10,421,871 | $4,118,072 |
Alabama Arise Montgomery, AL | $1,211,142 | $1,025,303 |
Southern Federal Tax Institute Inc Decatur, GA | $1,985,748 | $767,280 |
Alabama Alliance Network Birmingham, AL | $203,591 | $273,030 |
Southern Finance Association Jacksonville, AL | $1,365,946 | $150,822 |
American Institute On Federal Taxation Montgomery, AL | $0 | $0 |
Atlanta Tax Forum Inc Atlanta, GA | $27,716 | $0 |
National Tax Research Committee Clearwater, FL | $31,433 | $0 |
Floridians For Government Accountability Inc Tallahassee, FL | $117,972 | $0 |