Financial Planning Standards Board Ltd
- Assets
- $4.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Denver, CO
- Founding
- 06/2004
- Data as of
- 12/2022
- EIN
- 61-1448490
Organization Overview
Financial Planning Standards Board Ltd is located in Denver, CO. The organization was established in 2004. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Financial Planning Standards Board Ltd employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Financial Planning Standards Board Ltd 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 Standards Board Ltd generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 4.2% 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
PROMOTE WORLDWIDE PROFESSIONAL STANDARDS IN FINANCIAL PLANNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FPSB LTD. AFFILIATE ASSESSMENT PROGRAM EVALUATES ALL ASPECTS OF AFFILIATE ORGANIZATIONS' ADMINISTRATION OF FPSB'S LICENSED CERTIFICATION PROGRAMS. ASSESSMENTS ADDRESS: 1) CONTENT ALIGNMENT WITH THE GLOBAL BODY OF KNOWLEDGE, 2) COMPLIANCE WITH GLOBAL FINANCIAL PLANNING PRACTICE STANDARDS AND CFP CERTIFICATION REQUIREMENTS, 3) ORGANIZATIONAL STABILITY AND SUSTAINABILITY TO DELIVER THE CFP CERTIFICATION PROGRAM, AND 4) COMPLIANCE WITH TERMS OF AFFILIATION AGREEMENTS. FPSB LTD. REGULARLY ENGAGES WITH AFFILIATES TO EVALUATE STATUS AND IMPLEMENT RECOMMENDATIONS FOR IMPROVEMENTS.
FPSB LTD. LICENSES CERTAIN TRADEMARKS AND OTHER INTELLECTUAL PROPERTY TO AFFILIATES SO THEY CAN ESTABLISH FINANCIAL PLANNING AS A PROFESSION IN THEIR TERRITORY AND THE CFP MARKS AS THE SYMBOL OF EXCELLENCE IN FINANCIAL PLANNING. FPSB LTD. REGULARLY CONVENES CALLS AND MEETINGS, INCLUDING AN ANNUAL GLOBAL MEETING, AT WHICH AFFILIATE ORGANIZATIONS CONDUCT THE BUSINESS OF FPSB LTD. LEADERS LEARN BEST PRACTICES FROM EACH OTHER AND DEVELOP STRATEGIES FOR ESTABLISHING THE FINANCIAL PLANNING PROFESSION.
FPSB LTD. OFFERS FINANCIAL PLANNING EDUCATION AND CERTIFICATION PROGRAMS DIRECTLY IN CERTAIN TERRITORIES TO BUILD THE GLOBAL FINANCIAL PLANNING PROFESSION. AS PART OF THESE EFFORTS, FPSB WILL DELIVER PROGRAMS TO INCREASE FINANCIAL LITERACY, EDUCATE PROFESSIONALS ON THE COMPONENTS OF COMPREHENSIVE FINANCIAL PLANNING AND ESTABLISH A PATHWAY OPPORTUNITY FOR THOSE PROFESSIONALS TO ACHIEVE CFP CERTIFICATION AND PRACTICE COMPREHENSIVE FINANCIAL PLANNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garry Muriwai Chairperson | OfficerTrustee | 3 | $0 |
Ana Claudia Utumi Chairperson-Elect | OfficerTrustee | 3 | $0 |
Jeff Farrar Member | Trustee | 2 | $0 |
Kaja Kroll Member | Trustee | 2 | $0 |
Darren Mcshane Member | Trustee | 2 | $0 |
Andrea Middel Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adsero Ip Legal Advice & Work | 12/30/22 | $352,811 |
Grimes International Standards And Certification Consultation | 12/30/22 | $168,321 |
Dante De Gori Affiliate Engagement Consultation | 12/30/22 | $179,967 |
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 | $5,145,184 |
| Investment income | $3,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,576 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,146,339 |
| 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. | $1,231,411 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $815,107 |
| Pension plan accruals and contributions | $62,741 |
| Other employee benefits | $545,946 |
| Payroll taxes | $141,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,067 |
| Fees for services: Accounting | $93,762 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,341,150 |
| Advertising and promotion | $0 |
| Office expenses | $93,376 |
| Information technology | $102,909 |
| Royalties | $0 |
| Occupancy | $135,906 |
| Travel | $345,870 |
| 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 | $136,267 |
| Insurance | $49,579 |
| All other expenses | $0 |
| Total functional expenses | $5,307,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $875,036 |
| Savings and temporary cash investments | $2,369,062 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,849 |
| 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 | $35,067 |
| Net Land, buildings, and equipment | $165,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $573,164 |
| Other assets | $621,140 |
| Total assets | $4,677,513 |
| Accounts payable and accrued expenses | $501,551 |
| Grants payable | $0 |
| Deferred revenue | $375,990 |
| 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 | $623,191 |
| Total liabilities | $1,500,732 |
| Net assets without donor restrictions | $3,176,781 |
| 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 | $4,677,513 |