International Foundation For Retirement Education
- Assets
- $387.3k
- Revenue
- $286.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Barrington, IL
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 52-2069006
Organization Overview
International Foundation For Retirement Education is located in Barrington, IL. The organization was established in 1997. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, International Foundation For Retirement Education employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Foundation For Retirement Education 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 12/2023, International Foundation For Retirement Education generated $286.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $340.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 9 years. 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
INFRE PROVIDES PROFESSIONAL CERTIFICATION AND EDUCATION PROGRAMS TO BETTER EQUIP THE RETIREMENT PROFESSIONAL TO ASSIST THE AMERICAN WORKER ACHIEVE RETIREMENT SECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFRE CONTINUES TO ADVANCE THE RECOGNITION AMONG RETIREMENT PLANNING PROFESSIONALS OF THE NEED FOR TRAINING, CONTINUING EDUCATION, AND A CODE OF PROFESSIONAL ETHICS. THE CERTIFIED RETIREMENT COUNSELOR (CRC) CERTIFICATION PROGRAM CONTENT AND CONTINUING EDUCATION COURSES ARE UPDATED ANNUALLY AND MADE RELEVANT TO THE PROFESSION BY SUBJECT MATTER EXPERTS. THE CRC IS INDEPENDENTLY ACCREDITED BY THE NATIONAL COMMISSION FOR CERTIFYING AGENCIES AND INFRE RELIES ON OUTSIDE CONSULTING SERVICES TO MAINTAIN RIGOROUS ACCREDITATION STANDARDS RELATED TO UPDATING THE COMPREHENSIVE CRC EXAMINATION, RECERTIFICATION REQUIREMENTS, GOVERNANCE AND OTHER POLICIES AND PROCEDURES. ACCREDITATION MUST BE RENEWED EVERY 5 YEARS BY SUBMITTING A DETAILED APPLICATION. INFRE MAINTAINS A DATABASE OF CRC CERTIFICANTS AND CANDIDATES THAT MEETS UP-TO-DATE TECHNOLOGY AND COMMUNICATION REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Seibert Managing Director | 40 | $100,000 | |
Denise Appleby Board Of Gov | Trustee | 0 | $0 |
William Gustafson Board Of Gov | Trustee | 0 | $0 |
Matthew Petersen Board Of Gov | Trustee | 0 | $0 |
Cathie Eitelberg Board Of Gov | Trustee | 0 | $0 |
Richard Reilly Vc & Treasurer | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $343,693 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$56,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $286,902 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,438 |
| 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 | $0 |
| Advertising and promotion | $390 |
| Office expenses | $3,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,595 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,757 |
| Insurance | $6,488 |
| All other expenses | $27,730 |
| Total functional expenses | $340,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,506 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,744 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,455 |
| Prepaid expenses and deferred charges | $19,288 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $186,268 |
| Other assets | $2 |
| Total assets | $387,263 |
| Accounts payable and accrued expenses | $7,090 |
| 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 | $7,090 |
| Net assets without donor restrictions | $380,173 |
| 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 | $387,263 |