Society Of Defense Financial Management
- Assets
- $8.0m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 13
- Location
- Alexandria, VA
- Founding
- 05/1980
- Data as of
- 06/2022
- EIN
- 54-1025128
Organization Overview
Society Of Defense Financial Management is located in Alexandria, VA. The organization was established in 1980. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Society Of Defense Financial Management employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Defense Financial Management 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 06/2022, Society Of Defense Financial Management generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 4.7% 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 EDUCATION, TRAINING, AND DEVELOPMENT OF THE PROFESSION OF MILITARY COMPTROLLERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL DEVELOPMENT INSTITUTE SYMPOSIUM TO PROVIDE TRAINING WORKSHOPS FOR MEMBERS
CERTIFIED DEFENSE FINANCIAL MANAGER PROGRAM
MEMBERSHIP SERVICES AND SUPPORT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrey Davis President - Usmc | OfficerTrustee | 2 | $0 |
Nancy Phillips Treasurer | OfficerTrustee | 1 | $0 |
Deanna Randolph Secretary | OfficerTrustee | 1 | $0 |
Kim Laurance Vice President - Defense-Wide | Trustee | 1 | $0 |
Mike Mehrman Vice President - Army | Trustee | 1 | $0 |
Paul Landauer Vice President - Navy | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Imn Solutions Run Our Education Department | 6/29/23 | $838,253 |
Eventpower Llc Virtual Hosting | 6/29/23 | $158,465 |
Mekanic Llc Website Development | 6/29/23 | $125,302 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,893 |
| Investment income | $77,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,353 |
| Net Rental Income | $1,706 |
| Net Gain/Loss on Asset Sales | $1,753 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,943,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $289,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $966,195 |
| Pension plan accruals and contributions | $62,407 |
| Other employee benefits | $133,330 |
| Payroll taxes | $92,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $388 |
| Fees for services: Accounting | $65,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $501,469 |
| Advertising and promotion | $58,280 |
| Office expenses | $415,755 |
| Information technology | $238,119 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,511,842 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,511 |
| Insurance | $24,978 |
| All other expenses | $0 |
| Total functional expenses | $4,819,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $459,828 |
| Savings and temporary cash investments | $4,230,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $886,717 |
| 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 | $42,472 |
| Investments—publicly traded securities | $525,575 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $7,952,626 |
| Accounts payable and accrued expenses | $579,844 |
| Grants payable | $0 |
| Deferred revenue | $500,284 |
| 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 | $3,450 |
| Total liabilities | $1,083,578 |
| Net assets without donor restrictions | $6,869,048 |
| 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 |
| Total liabilities and net assets/fund balances | $6,869,048 |
Grants Awarded
Over the last fiscal year, Society Of Defense Financial Management has awarded $16,682 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL AREA FOOD BANK PURPOSE: SUPPORT FOR MILITARY PERSONNEL | $338 |
VETSTRONG PURPOSE: LAS VEGAS SHOOTING VICTIMS ASSISTANCE | $16,344 |