Financial Planning Association
- Assets
- $74.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Hempstead, NY
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 11-3544100
Organization Overview
Financial Planning Association is located in West Hempstead, NY. The organization was established in 2000. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Financial Planning 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 12/2022, Financial Planning Association generated $76.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $90.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Sanders Co-Treasurer | 5 | $0 | |
Craig Ferrantino Chairperson Of The Board | 2 | $0 | |
Lawrence Sangirardi Director | 5 | $0 | |
Michelle K Blair Secretary | 2 | $0 | |
Stephen Conroy Director | 2 | $0 | |
Mark Badami Past President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $54,432 |
| Membership dues | $13,986 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,848 |
| Other Revenue | $910 |
| Total Revenue | $76,176 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $47,525 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,005 |
| Total expenses | $90,530 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,320 |
| Other assets | $0 |
| Total assets | $74,320 |
| Total liabilities | $2,000 |
| Net assets or fund balances | $72,320 |