Financial Executives International
- Assets
- $91.0k
- Revenue
- $72.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 10/1948
- Data as of
- 12/2023
- EIN
- 88-0496827
Organization Overview
Financial Executives International is located in Las Vegas, NV. The organization was established in 1948. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. 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 12/2023, Financial Executives International generated $72.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $61.1k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROFESSIONAL DEVELOPMENT AND NETWORKING FOR SENIOR FINANCIAL EXECUTIVES, RECOGNITION FOR OUTSTANDING FINANCIAL EXECUTIVES, AND SCHOLARSHIPS FOR STUDENTS IN FINANCE AND ACCOUNTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING MOST OF THE YEAR, THE COVID-19 PANDEMIC CAUSED US TO CEASE IN-PERSON MEETINGS. WE WERE ABLE TO HOLD A FEW VIRTUAL MEETINGS, BUT WE WERE NOT WELL EQUIPPED TO DO THAT. WITH THE GRADUAL EMERGENCE OF IN-PERSON MEETINGS LATE IN THE YEAR, WE MANAGED TO HOLD SOME MEMBERSHIP MEETINGS IN PERSON. THUS, WE DID CONTINUE TO PROVIDE NETWORKING FOR SENIOR FINANCIAL EXECUTIVES WITH EACH OTHER AND WITH OUR SPONSORING ORGANIZATIONS, AND AT SOME OF OUR MEETINGS WE WERE ABLE TO HEAR SPEAKERS OF PROFESSIONAL INTEREST.
OUR REVENUE WAS REDUCED EARLY IN THE YEAR (PANDEMIC HOLIDAY FOR DUES AND SPONSORSHIPS), REVENUE SOON RECOVERED. HOWEVER, WITH 2022'S PANDEMIC HOLIDAY HAVING REDUCED REVENUE, WE SKIPPED MAKING A CONTRIBUTION TO THE UNIVERSITY FOUNDATION FOR SCHOLARSHIP FUNDS THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Bunin President | OfficerTrustee | 1.5 | $0 |
Kevin Butler VP Programs | OfficerTrustee | 1.5 | $0 |
Gary Vecchiarellie VP Membership | OfficerTrustee | 1.5 | $0 |
Jaclyn Miller Sponsorship Chair | Trustee | 1.25 | $0 |
Richard Blotner Secretary | OfficerTrustee | 0.5 | $0 |
Paul Kimmel Treasurer | OfficerTrustee | 1.25 | $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 | $57,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,000 |
| Total Program Service Revenue | $15,375 |
| Investment income | $192 |
| 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 | $72,567 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,000 |
| 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 | $2,401 |
| Office expenses | $1,083 |
| Information technology | $699 |
| 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 | $50,711 |
| Interest | $0 |
| Payments to affiliates | $200 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $61,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,541 |
| Savings and temporary cash investments | $50,492 |
| 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 | $91,033 |
| 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 | $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 | $91,033 |
| Total liabilities and net assets/fund balances | $91,033 |