Financial Executives International
- Assets
- $152.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Novi, MI
- Founding
- 10/1948
- Data as of
- 06/2022
- EIN
- 38-6093367
Organization Overview
Financial Executives International is located in Novi, MI. The organization was established in 1948. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building 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 06/2022, Financial Executives International generated $152.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $202.7k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
A PROFESSIONAL ORGANIZATION FOR SENIOR FINANCIAL EXECUTIVES PROVIDING UNPARALLELED OPPORTUNITIES FOR CAREER ADVANCEMENT THROUGH NETWORKING, KNOWLEDGE, LEADERSHIP AND ADVOCACY. WE HOLD EIGHT DINNER MEETINGS, TWO SOCIAL EVENINGS, AND A VARIETY OF HOT TOPIC SESSIONS AND WEBINARS EACH YEAR. OUR DINNER MEETINGS ARE HELD AT VENUES SURROUNDING THE METRO DETROIT AREA. THE EVENING INCLUDES A CPE CAREER DEVELOPMENT SESSION, A CPE PROFESSIONAL DEVELOPMENT SESSION, NETWORKING, DINNER, AND A TOP-NOTCH CPE KEYNOTE PRESENTATION. CURRENTLY, THE MEMBERSHIP COUNT IS NEARLY 600 MEMBERS, REPRESENTING A BROAD CROSS-SECTION OF METRO DETROIT'S FINANCIAL COMMUNITY. ONE CAN OBTAIN A YEAR'S WORTH OF MICHIGAN REQUIRED CPE CREDITS FROM FEI AT NO ADDITIONAL COST OVER MEMBERSHIP. UP TO 20 CREDITS ARE AVAILABLE BY READING SPECIFIC ARTICLES FROM THE FINANCIAL EXECUTIVE MAGAZINE AND TAKING A FIVE-QUESTION TEST ON-LINE. OVER ANOTHER 20 CREDITS ARE AVAILABLE BY ATTENDING THE DETROIT CHAPTER SPEAKER DINNER MEETINGS AND ADDITIONAL EVENTS.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,200 |
| Total Program Service Revenue | $7,750 |
| Membership dues | $17,625 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $152,575 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $147,891 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $32,259 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $8 |
| Other expenses | $22,557 |
| Total expenses | $202,715 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $152,219 |
| Other assets | $0 |
| Total assets | $152,219 |
| Total liabilities | $0 |
| Net assets or fund balances | $152,219 |
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