Western Finance Association
- Assets
- $840.5k
- Revenue
- $254.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 07/1966
- Data as of
- 08/2021
- EIN
- 91-6060048
Organization Overview
Western Finance Association is located in Pittsburgh, PA. The organization was established in 1966. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Finance Association 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 08/2021, Western Finance Association generated $254.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $147.0k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WESTERN FINANCE ASSOCIATION IS A SOCIETY FOR ACADEMICS AND PROFESSIONALS WITH A SCHOLARLY INTEREST IN THE DEVELOPMENT AND APPLICATION OF THEORY IN FINANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION HELD THE 56TH ANNUAL CONFERENCE ON JUNE 15-18, 2021 AS A VIRTUAL ON-LINE EVENT. APPROXIMATELY 1520 SCHOLARS FROM AROUND THE WORLD ATTENDED AND BENEFITED FROM THE CONFERENCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Routledge Secy/treasurer | Officer | 8 | $33,000 |
John Griffin President | Officer | 5 | $0 |
Burton Holifield Vice President | Officer | 5 | $0 |
Manju Puri VP Elect | Officer | 2 | $0 |
Christine Parlour President Elect | Officer | 5 | $0 |
Uday Rajan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,550 |
| Total Program Service Revenue | $43,500 |
| Investment income | $469 |
| 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 | $254,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,002 |
| 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. | $33,000 |
| 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 | $1,641 |
| Fees for services: Accounting | $2,000 |
| 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 | $10,027 |
| Information technology | $12,995 |
| 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 | $39,745 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,598 |
| All other expenses | $0 |
| Total functional expenses | $147,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,669 |
| Savings and temporary cash investments | $659,782 |
| 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 | $840,451 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $93,000 |
| 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 | $93,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $747,451 |
| 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 | $840,451 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Dairy Assn & Dairy Council Of Ny Inc Empire Building North Syracuse, NY | $7,719,519 | $19,494,429 |
American Federation For Children Inc Columbia, MD | $4,734,302 | $8,920,295 |
Nj Assoc Of School Administrators Corp Trenton, NJ | $2,166,473 | $2,484,430 |
Consortium For Public Education Mckeesport, PA | $8,617,979 | $3,033,681 |
The Pittsburgh High Technology Council Pittsburgh, PA | $3,558,028 | $3,049,569 |
New York State Council Of School Superintendents Albany, NY | $5,077,642 | $3,046,665 |
Project Ready Newark, NJ | $545,292 | $2,709,148 |
Associated Builders And Contractors Inc East Syracuse, NY | $1,910,207 | $2,380,603 |
Maritime Exchange For The Delaware River And Bay Philadelphia, PA | $9,242,868 | $2,750,481 |
Fellowship Bmec Inc Philadelphia, PA | $3,935,912 | $4,831,352 |
Reading League Syracuse, NY | $2,958,965 | $2,169,026 |
Ohio Community Action Training Organization Columbus, OH | $761,652 | $1,900,982 |