The Society For Financial Studies
- Assets
- $10.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Raleigh, NC
- Founding
- 10/1988
- Data as of
- 12/2021
- EIN
- 95-4143302
Organization Overview
The Society For Financial Studies is located in Raleigh, NC. The organization was established in 1988. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Society For Financial Studies employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Financial Studies is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Society For Financial Studies generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A NON PROFIT THAT PROMOTES AND DISSEMINATES HIGH QUALITY RESEARCH IN FINANCIAL ECONOMICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDITED AND PUBLISHED THREE TOP ACADEMIC JOURNALS IN FINANCE: (1) THE REVIEW OF FINANCIAL STUDIES, (2) THE REVIEW OF ASSET PRICING STUDIES, AND (3) THE REVIEW OF CORPORATE FINANCE STUDIES, INCLUDING PROVIDING ANNUAL AWARDS FOR BEST PAPER AND BEST REFEREE IN EACH JOURNAL.
ORGANIZE AND RUN TWO ANNUAL CONFERENCES IN FINANCE: (1) THE SFS NORTH AMERICAN CAVALCADE AND (2) THE SFS ASIA-PACIFIC CAVALCADE. BOTH CAVALCADES ARE LARGE, HIGH-QUALITY ACADEMICS CONFERENCES, WHICH INCLUDE MULTIPLE ANNUAL AWARDS FOR BEST PAPERS ON THE PROGRAM.
PROVIDE FINANCIAL SUPPORT TO OTHER ACADEMIC CONFERENCES IN FINANCE AND PROVIDE AN ANNUAL AWARD FOR BEST YOUNG RESEARCHER IN FINANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lalitha Naveen Treasurer | Trustee | 8 | $15,000 |
Craig Holden Deceased Former Secretary-Treasurer | Trustee | 1 | $9,340 |
Wei Jiang Vice President | Trustee | 3 | $0 |
Renee Adams Council Chair | Trustee | 3 | $0 |
Antoinette Schoar President | Trustee | 3 | $0 |
Alon Brav Council Member | Trustee | 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 | $999,185 |
| Investment income | $183,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,951 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,203,829 |
| 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. | $24,340 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,113 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,104 |
| Advertising and promotion | $269,027 |
| Office expenses | $1,896 |
| Information technology | $0 |
| 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 | $46,986 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,305,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,897 |
| 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 | $10,895 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,857,747 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,269,539 |
| 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 | $920,580 |
| Total liabilities | $920,580 |
| 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 | $9,348,959 |
| Total liabilities and net assets/fund balances | $10,269,539 |
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