International Association Registered Financial Consultants
- Assets
- $395.2k
- Revenue
- $674.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Middletown, OH
- Founding
- 07/1995
- Data as of
- 06/2023
- EIN
- 43-1696994
Organization Overview
International Association Registered Financial Consultants is located in Middletown, OH. The organization was established in 1995. According to its NTEE Classification (Q02) the organization is classified as: Management & Technical Assistance, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, International Association Registered Financial Consultants employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Association Registered Financial Consultants 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 06/2023, International Association Registered Financial Consultants generated $674.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $782.4k during the year ending 06/2023. While expenses have increased by 5.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERNATIONAL ASSOCIATION OF REGISTERED FINANCIAL CONSULTANTS WILL FOSTER AND ENHANCE THE GROWTH OF OUR ASSOCIATION FOR THE BENEFIT OF THE MEMBERS AND THE CLIENTS WE SERVE BY PROVIDING A CONTINUING SOURCE OF INFORMATION, EDUCATION AND NETWORKING. THE ASSOCIATION WILL STRENGTHEN THE FINANCIAL SERVICES PROFESSION THROUGH ADHERENCE TO AND PROMOTION OF ETHICAL BEHAVIOR BY OUR MEMBERS AND FOCUS ON THEIR CONTINUING PROFESSIONAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES A BROAD SPECTRUM OF ABOUT 5,000 FINANCIAL PROFESSIONALS ACROSS EVER WIDER GEOGRAPHIC AREAS. THE QUARTERLY PERIODICAL, THE REGISTER, PROVIDES MEMBERS AND NON-MEMBERS HELPFUL INFORMATION ON BEST PRACTICES SHARED BY OTHER PROFESSIONALS. THE IARFC SEMI-ANNUALLY JOURNAL OF PERSONAL FINANCE INCLUDES ACADEMIC RESEARCH AND LENGTHY PAPERS ON PERSONAL FINANCIAL ISSUES AUTHORED BY PRACTITIONERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Isbell COO | OfficerTrustee | 38 | $70,722 |
Leonard Simpson CEO | OfficerTrustee | 30 | $57,500 |
Michelle Blaire Secretary | OfficerTrustee | 0.5 | $0 |
Barry L Dayley Chairman | OfficerTrustee | 20 | $0 |
Monroe Diefendorf Treasurer | OfficerTrustee | 0.5 | $0 |
Lisa Ford Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $669,722 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $674,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,222 |
| Compensation of current officers, directors, key employees. | $64,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,034 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,739 |
| Advertising and promotion | $11,274 |
| Office expenses | $13,015 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,048 |
| Travel | $1,649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,147 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,820 |
| Insurance | $0 |
| All other expenses | $16,193 |
| Total functional expenses | $782,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,915 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,478 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $250,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $395,204 |
| Accounts payable and accrued expenses | $51,553 |
| Grants payable | $0 |
| Deferred revenue | $328,971 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $148,325 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $528,849 |
| Net assets without donor restrictions | -$133,645 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $395,204 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Health Ministry Livonia, MI | $7,445,768 | $3,634,464 |
Right Sharing Of World Resources Inc Richmond, IN | $2,715,996 | $1,368,461 |
International Association Registered Financial Consultants Middletown, OH | $395,204 | $674,722 |
Design For Life Ann Arbor, MI | $417,318 | $804,703 |
International Management Development Association Palmyra, PA | $157,302 | $0 |
Life Transformation Foundation International Royersford, PA | $96,656 | $0 |
Americans For Democracy In Ukraine Inc Warren, MI | $143,995 | $0 |
Enlightened World Foundation West Conshohocken, PA | $1,533,008 | $70,000 |