Financial Executives International is located in Flossmoor, IL. The organization was established in 1948. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Financial Executives International 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 06/2022, Financial Executives International generated $396.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $338.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 5 years. 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
PROFESSIONAL ORGANIZATION TO ADVANCE THE SUCCESS OF SENIOR LEVEL FINANCIAL EXECUTIVES, THEIR ORGANIZATIONS AND THEIR PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVE FINANCIAL EXECUTIVES BY PROVIDING EDUCATION, NETWORKING, AND SOCIAL OPPORTUNITIES. THE CHAPTER HAS 300 MEMBERS AS OF JUNE 30TH 2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Burke President | Officer | 4 | $0 |
Magdalena Martensen Immediate Pa | Officer | 4 | $0 |
Martin Ross Treasurer | Officer | 4 | $0 |
Grace Riley Secretary | Officer | 4 | $0 |
Frank Cesario Director | Trustee | 4 | $0 |
Janeen Mcgreal Director | Trustee | 4 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $43,274 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $352,485 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $395,759 |
Total Program Service Revenue | $955 |
Investment income | $15 |
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 | $396,729 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,800 |
Grants and other assistance to domestic individuals. | $13,000 |
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 | $80,080 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,445 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $17,316 |
Advertising and promotion | $0 |
Office expenses | $1,993 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $5,619 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $185,258 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $338,513 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $125,105 |
Savings and temporary cash investments | $159,593 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $19,500 |
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 | $304,198 |
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 | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $304,198 |
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 | $304,198 |
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