Society Of Financial Service Professionals
- Assets
- $35.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- White Bear Lake, MN
- Founding
- 07/1964
- Data as of
- 06/2022
- EIN
- 41-6029311
Organization Overview
Society Of Financial Service Professionals is located in White Bear Lake, MN. The organization was established in 1964. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Financial Service Professionals 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, Society Of Financial Service Professionals generated $8.9k 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 (26.7%) each year. All expenses for the organization totaled $19.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (17.3%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL CLASSES AND SEMINARS USED TO UPDATE THE MEMBERS ABOUT ISSUES RELATING TO THE PROFESSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Kastelic President | 5 | $0 | |
Joseph Gangelhoff Treasurer | 2 | $0 | |
David Hynes Director | 1 | $0 | |
Jerome Moynagh Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $806 |
| Total Program Service Revenue | $0 |
| Membership dues | $27,869 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$19,829 |
| Other Revenue | $0 |
| Total Revenue | $8,850 |
| 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 | $16,006 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $767 |
| Other expenses | $2,579 |
| Total expenses | $19,352 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,884 |
| Other assets | $0 |
| Total assets | $35,266 |
| Total liabilities | $989 |
| Net assets or fund balances | $34,277 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Howard County Child Care Association Cresco, IA | $1,246,015 | $1,482,899 |
Financial Planning Association Columbia Heights, MN | $502,127 | $320,182 |
Financial Planning Association Waunakee, WI | $96,625 | $0 |
Minnesota Division Saint Paul, MN | $297,104 | $116,241 |
Society Of Financial Service Professionals White Bear Lake, MN | $35,266 | $0 |
Kirkoland Inc De Pere, WI | $22,300 | $0 |
Ncpets Inc Woodbury, MN | $82,454 | $0 |
Lord Of All Nations Inc Rosholt, SD | $73,789 | $0 |