Fort Worth Association For Financial Professionals
- Assets
- $250.9k
- Revenue
- $643.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 07/1992
- Data as of
- 08/2016
- EIN
- 75-2345882
Organization Overview
Fort Worth Association For Financial Professionals is located in Fort Worth, TX. The organization was established in 1992. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, 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. Fort Worth Association For Financial Professionals is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING THE COMMON BUSINESS INTEREST OF FINANCIAL AND TREASURY MANAGEMENT BY PROVIDING AND MAINTAINING A FORUM FOR PROFESSIONALS OF CORPORATIONS OR INDIVIDUALS FOR THE ACTIVE AND OPEN EXCHANGE OF IDEAS, CONCEPTS, AND TECHNIQUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXPO 2016-ANNUAL CONFERENCE HOSTED BY 1 OF 5 REGIONAL CHAPTERS OF THE ASSOCIATION OF FINANCIAL PROFESSIONALS. PROVIDES EDUCATIONAL SESSIONS RELATED TO TREASURY AND FINANCIAL SERVICES; CTP FOCUSED SESSIONS TO PREPARE PARTICIPANTS FOR UPCOMING CTP EXAMINATION; EXHIBIT HALL FOR VENDORS PROVIDING NETWORKING OPPORTUNITIES FOR PARTICIPANTS.
MONTHLY EDUCATIONAL LUNCHEONS - HAVE A MONTHLY LUNCHEON FOR MEMBERS AND GUESTS WITH EDUCATIONAL SPEAKER ON TRESURY OR FINANCE RELATED TOPIC. MONTHLY MEETINGS ARE HELD SEPT - MAY OF EACH YEAR.
EDUCATIONAL SCHOLARSHIPS - BOARD VOTED TO OFFER EDUCATIONAL SCHOLARSHIPS TO EITHER FWAFT MEMBERS OR THEIR CHILDREN WHO ARE EITHER SEEKING CTP CERTIFICATION OR PERSUING A DEGREE IN BUSINESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Reeves President | OfficerTrustee | 1 | $0 |
Jessica Key 1st Vice President | OfficerTrustee | 1 | $0 |
Paulette Jones 2nd Vice President | OfficerTrustee | 1 | $0 |
Lori Foster Secretary | OfficerTrustee | 1 | $0 |
Laurie Weeks Treasurer | OfficerTrustee | 1 | $0 |
Tiffany Morlock Director-Communications | OfficerTrustee | 1 | $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 | $641,650 |
| Investment income | $25 |
| 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 | $643,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| 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 | $0 |
| 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 | $0 |
| Office expenses | $162 |
| Information technology | $810 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $515,588 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,136 |
| All other expenses | $0 |
| Total functional expenses | $524,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,947 |
| 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 | $0 |
| 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 | $250,947 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $65,741 |
| 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 | $65,741 |
| Unrestricted restricted net Assets | $185,206 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $185,206 |