Foundation For Financial Service Professionals
- Assets
- $223.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 08/1985
- Data as of
- 09/2023
- EIN
- 23-2336013
Organization Overview
Foundation For Financial Service Professionals is located in Arlington, VA. The organization was established in 1985. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Foundation For Financial Service Professionals 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 09/2023, Foundation For Financial Service Professionals generated $72.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $43.2k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE IMPACT THE LIVES OF INDIVIDUALS WITH SCHOLARSHIPS AND FINANCIAL EDUCATION.
Describe the Organization's Program Activity:
Part 3
PAUL S. MILLS SCHOLARSHIP: SCHOLARSHIPS PROVIDE NEED-BASED FINANCIAL SUPPORT TO STUDENTS PURSUING UNDERGRADUATE DEGREE IN FINANCIAL SERVICE-RELATED FIELDS.
JOURNAL AUTHOR AWARD: ADVANCE SCHOLARLY RESEARCH AND WRITING TO BUILD THE LIBRARY OF KNOWLEDGE IN FINANCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Maola JD MBA CEO | 1 | $0 | |
Ernesto J Guerriero CLU CHFC President Sept 2023, Trustee | 1 | $0 | |
Andrew J Rinn JD CFP CLU Secretary Sept 2023, Trustee | 1 | $0 | |
Jacqueline Baldwin Cltc Trustee | 1 | $0 | |
Troy D Branch JD CLU Trustee | 1 | $0 | |
James M Christian CLU CHFC Ricp Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,350 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,466 |
| Gain or Loss | $11,692 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $72,508 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $28,171 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $10 |
| Other expenses | $0 |
| Total expenses | $43,181 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,511 |
| Other assets | $0 |
| Total assets | $223,670 |
| Total liabilities | $25,532 |
| Net assets or fund balances | $198,138 |