Institute Of Financial Operations

Organization Overview

Institute Of Financial Operations is located in Orlando, FL. The organization was established in 1994. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Financial Operations 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 12/2021, Institute Of Financial Operations generated $135.9k 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 (29.9%) each year. All expenses for the organization totaled $122.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (33.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE INSTITUTION OF FINANCIAL OPERATIONS WILL STAND AS THE LEADING AUTHORITY FOR THE FINANCIAL OPERATIONS UNIVERSE. WE WILL SERVE AS THE TRUSTED VOICE AND THE PRIMARY RESOURCE FOR OUR MEMBERS AND THEIR PROFESSIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CERTIFICATION AND EDUCATION:TO PROVIDE CERTIFICATION AND EDUCATION FOR ACCOUNTS PAYABLE PROFESSIONALS WITH SEMINARS, TRAINING MATERIALS AND WEBCASTS.


COMMUNICATION, MEMBERSHIP DUES, RESEARCH, OTHER ALLOCATED EXPENSES


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Board, Officers & Key Employees

Name (title)Compensation
Joe Flynn
Chairman
$0
Josh Morrison
Vice Chair
$0
Michael Mallon
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$115,266
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$115,266
Total Program Service Revenue$20,605
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 $135,871

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