Financial Planning Association
- Assets
- $55.6k
- Revenue
- $116.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Dearborn, MI
- Founding
- 03/1978
- Data as of
- 12/2022
- EIN
- 58-1311621
Organization Overview
Financial Planning Association is located in Dearborn, MI. The organization was established in 1978. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Financial Planning Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Financial Planning Association generated $116.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $150.4k during the year ending 12/2022. 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 SERVE THE NEEDS OF ITS MEMBERS AND TO ESTABLISH THE VALUE OF FINANCIAL PLANNING AND THE SUCCESS OF THE FINANCIAL PLANNING PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTHLY EDUCATIONAL MEETINGS AVAILABLE FOR ALL MEMBERS.
EDUCATIONAL PROGRAMS ON FINANCIAL ISSUES FOR OVER 600 INDIVIDUALS.
ANNUAL ONE DAY EDUCATIONAL CONFERENCE/PROGRAM AVAILABLE FOR ALL MEMBERS.
ANNUAL TWO DAY EDUCATIONAL CONFERENCE/PROGRAM AVAILABLE FOR ALL MEMBERS.
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 |
|---|---|---|---|
Eric Hoogstra Board Of Dir | Trustee | $0 | |
Sandra Kerr Board Of Dir | Trustee | $0 | |
Colin Overweg Board Of Dir | Trustee | $0 | |
Stephanie Trexler Chairperson | Trustee | $0 | |
Diane Young Board Of Dir | Trustee | $0 | |
Beth Zilka Board Of Dir | Trustee | $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 | $116,496 |
| 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 | $116,496 |
| 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 | $55,369 |
| Pension plan accruals and contributions | $1,661 |
| Other employee benefits | $0 |
| Payroll taxes | $4,304 |
| 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 | $824 |
| Advertising and promotion | $8,000 |
| Office expenses | $13,626 |
| Information technology | $2,662 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,950 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107 |
| Insurance | $145 |
| All other expenses | $0 |
| Total functional expenses | $150,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,640 |
| 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 | $3,993 |
| 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 | $55,633 |
| 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 | $14,749 |
| Total liabilities | $14,749 |
| 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 | $40,884 |
| Total liabilities and net assets/fund balances | $55,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James And Grace Lee Boggs School Detroit, MI | $606,959 | $2,231,825 |
Federation Of Youth Services Detroit, MI | $1,950,064 | $1,098,676 |
Assistance Dogs International Inc Maumee, OH | $558,242 | $705,451 |
Financial Planning Association Dearborn, MI | $55,633 | $116,496 |
Financial Planning Association Waunakee, WI | $69,613 | $0 |
Developmental Disabilities Provider Consortium Westlake, OH | $245,019 | $297,740 |
Society For Phenomenology And Existential Philosophy Ann Arbor, MI | $126,536 | $92,835 |
Financial Planning Association Westerville, OH | $122,314 | $0 |
Financial Planning Association Indianapolis, IN | $53,301 | $0 |
Kirkoland Inc De Pere, WI | $22,300 | $0 |
Ohio Association Of Child & Youth Care Professionals Inc Toledo, OH | $11,965 | $0 |