Financial Planning Standards Board Ltd
- Assets
- $4.8m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Denver, CO
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 61-1448490
Organization Overview
Financial Planning Standards Board Ltd is located in Denver, CO. The organization was established in 2004. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Financial Planning Standards Board Ltd employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Financial Planning Standards Board Ltd 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 12/2021, Financial Planning Standards Board Ltd generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE WORLDWIDE PROFESSIONAL STANDARDS IN FINANCIAL PLANNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FPSB LTD. ASSESSMENT PROGRAM EVALUATES ALL ASPECTS OF AFFILIATE ORGANIZATIONS' ADMINISTRATION OF THE LICENSED CERTIFICATION PROGRAMS. FPSB LTD.'S ASSESSMENTS OF AFFILIATE ORGANIZATIONS ADDRESSES: 1) THE BUSINESS PRACTICES NECESSARY FOR AFFILIATE ORGANIZATIONS TO BUILD AND SUSTAIN SUCCESSFUL FINANCIAL PLANNING CERTIFICATION PROGRAMS; AND 2) THE PROCESSES NECESSARY FOR AFFILIATE ORGANIZATIONS TO ADMINISTER THE LICENSED CERTIFICATION PROGRAMS AND ENSURE PROFESSIONALS MAINTAIN CERTIFICATION STANDARDS.
FPSB LTD. REGULARLY CONVENES CALLS AND MEETINGS, INCLUDING AN ANNUAL GLOBAL MEETING, AT WHICH AFFILIATE ORGANIZATIONS CONDUCT THE BUSINESS OF FPSB LTD. LEADERS MEET TO DISCUSS STRATEGIES FOR ESTABLISHING THE FINANCIAL PLANNING PROFESSION INCLUDING SETTING WORLDWIDE PROFESSIONAL STANDARDS AND DEVELOPING THE BODY OF KNOWLEDGE IN FINANCIAL PLANNING. AFFILIATE ORGANIZATIONS ARE ALSO ABLE TO BUILD THE PROFESSION WITHIN THEIR TERRITORIES BY NETWORKING AND LEARNING FROM EACH OTHER.
FPSB LTD. OFFERS FINANCIAL PLANNING EDUCATION AND CERTIFICATION PROGRAMS DIRECTLY IN CERTAIN TERRITORIES TO BUILD THE GLOBAL FINANCIAL PLANNING PROFESSION. FPSB WILL DELIVER THESE PROGRAMS TO INCREASE FINANCIAL LITERACY, EDUCATE PROFESSIONALS ON THE COMPONENTS OF COMPREHENSIVE FINANCIAL PLANNING AND ESTABLISH A PATHWAY OPPORTUNITY FOR THOSE PROFESSIONALS TO ACHIEVE CFP CERTIFICATION AND PRACTICE COMPREHENSIVE FINANCIAL PLANNING.
A CRITICAL ACTIVITY OF FPSB LTD. INCLUDES ENGAGING REGULATORS AROUND THE WORLD IN DISCUSSIONS ON HOW A GLOBAL FINANCIAL PLANNING PROFESSION CAN IMPACT AND BENEFIT THE LIVES OF CONSUMERS WHO ARE IN NEED OF ADVICE FROM COMPETENT AND ETHICAL FINANCIAL PLANNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noel Maye Chief Executive Officer | Officer | 40 | $433,222 |
Christine Searls Chief Legal Officer | Officer | 40 | $204,080 |
Eric Cauble Chief Operating Officer | Officer | 40 | $196,561 |
JD Mccartney Chief Communications Offic | Officer | 40 | $184,863 |
Tanya Dahlen Paralegal | 40 | $113,238 | |
Dalia El Prince Director, New Program Development | 40 | $113,076 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brookfield Properties Office Lease/services | 12/30/21 | $151,859 |
Adsero Ip Professional Services Ip | 12/30/21 | $447,970 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,714,611 |
| Investment income | $32,049 |
| 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 | $4,746,660 |
| 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. | $1,222,828 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,164,877 |
| Pension plan accruals and contributions | $71,636 |
| Other employee benefits | $41,631 |
| Payroll taxes | $122,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $137,586 |
| Fees for services: Accounting | $108,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,181,173 |
| Advertising and promotion | $0 |
| Office expenses | $9,786 |
| Information technology | $141,704 |
| Royalties | $0 |
| Occupancy | $126,968 |
| Travel | $10,643 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,749 |
| Insurance | $51,664 |
| All other expenses | $76,338 |
| Total functional expenses | $4,755,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,417,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $339 |
| 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 | $48,574 |
| Net Land, buildings, and equipment | $235,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $631,351 |
| Other assets | $460,136 |
| Total assets | $4,793,779 |
| Accounts payable and accrued expenses | $557,225 |
| Grants payable | $0 |
| Deferred revenue | $350,990 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $497,920 |
| Total liabilities | $1,406,135 |
| Net assets without donor restrictions | $3,387,644 |
| 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 | $4,793,779 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Financial Planning Standards Board Ltd Denver, CO | $4,793,779 | $4,746,660 |
Grant Proffessionals Association Overland Park, KS | $781,286 | $1,243,491 |
Hall County Convention And Visitors Bureau Inc Grand Island, NE | $489,732 | $1,236,894 |
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International Boarding & Pet Services Association Las Cruces, NM | $68,067 | $499,700 |
Kansas Beta House Association Incorported Manhattan, KS | $2,880,199 | $675,102 |
Colorado Press Association Denver, CO | $1,290,729 | $417,250 |
National Women In Roofing Inc Aurora, CO | $535,673 | $460,011 |
Oklahoma Pharmacists Association Ada, OK | $510,377 | $322,159 |
Outdoor Behavioral Health Industry Council Huntington, UT | $52,500 | $322,473 |
Colorado Pharmacists Society Inc Aurora, CO | $592,075 | $368,965 |