Financial Planning Association
- Assets
- $148.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elk Grove, CA
- Founding
- 03/1978
- Data as of
- 12/2023
- EIN
- 58-1313679
Organization Overview
Financial Planning Association is located in Elk Grove, CA. The organization was established in 1978. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Financial Planning Association 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 12/2023, Financial Planning Association generated $90.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $85.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Lee CPA PFS Cgma Cdfa Director | 1 | $0 | |
Reed Nothwang Director | 1 | $0 | |
Margery Neis CFP Director | 1 | $0 | |
Homa Rassouli Director | 1 | $0 | |
John Bacigalupi President | 8 | $0 | |
Jacob Quiroz Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,000 |
| Total Program Service Revenue | $16,122 |
| Membership dues | $32,407 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $117 |
| Total Revenue | $90,646 |
| 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 | $52,873 |
| Occupancy, rent, utilities, and maintenance | $4,550 |
| Printing, publications, postage, and shipping | $1,143 |
| Other expenses | $27,270 |
| Total expenses | $85,836 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $142,974 |
| Other assets | $0 |
| Total assets | $148,927 |
| Total liabilities | $14,398 |
| Net assets or fund balances | $134,529 |