Financial Executives International
- Assets
- $25.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westlake, OH
- Founding
- 10/1948
- Data as of
- 06/2024
- EIN
- 34-6555531
Organization Overview
Financial Executives International is located in Westlake, OH. The organization was established in 1948. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations 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 06/2024, Financial Executives International generated $38.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $39.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 4 years. 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
2024
Describe the Organization's Program Activity:
Part 3
PROVIDED MONTHLY MEETINGS FOR MEMBERS THAT INCLUDED EDUCATIONAL SESSIONS FOCUSED ON FINANCIAL INFORMATION RELEVANT TO OUR MEMBER BASE, PROVIDED PEER NETWORKING AND CAREER MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl Hatch President | 5 | $0 | |
Kara Black Vice President, Membership | 3 | $0 | |
Thea Sears Treasurer | 1 | $0 | |
Tom Doyle Secretary | 1 | $0 | |
Kevin Mcdonough Strategic Partner Liaison | 1 | $0 | |
Mike Wexler Corporate Memberships | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,500 |
| Total Program Service Revenue | $3,725 |
| Membership dues | $6,972 |
| Investment income | $762 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $37,959 |
| 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 | $21,294 |
| Occupancy, rent, utilities, and maintenance | $1,371 |
| Printing, publications, postage, and shipping | $336 |
| Other expenses | $16,763 |
| Total expenses | $39,764 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,533 |
| Other assets | $0 |
| Total assets | $25,533 |
| Total liabilities | $2,500 |
| Net assets or fund balances | $23,033 |