Financial Planning Association
- Assets
- $6.7m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 51
- Location
- Denver, CO
- Founding
- 09/2000
- Data as of
- 12/2021
- EIN
- 84-1521488
Organization Overview
Financial Planning Association is located in Denver, CO. The organization was established in 2000. 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. As of 12/2021, Financial Planning Association employed 51 individuals. This organization is a parent organization of 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 12/2021, Financial Planning Association generated $8.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $7.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. 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
FPA FOSTERS THE VALUE OF FINANCIAL PLANNING AND ADVANCES THE FINANCIAL PLANNING PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FPA ANNUAL CONFERENCE IS THE LARGEST GATHERING OF CFP PROFESSIONALS. THE EVENT SPOTLIGHTS FPA'S CORE COMPETENCIES: KNOWLEDGE, COMMUNITY, ADVOCACY, AND LEADERSHIP. THE PROGRAM OFFERS MANY EDUCATIONAL TRACKS, AN EXHIBIT HALL, ROUNDTABLE DISCUSSIONS, AND VARIOUS PRE-CONFERENCES CONDUCTED BY PARTNERS OF FPA. VARIOUS FPA MEMBER COMMUNITIES GATHER TO NETWORK, SHARE BEST PRACTICES, AND CONNECT WITH LIKE-MINDED MEMBERS. THE CONFERENCE IS BUILT AROUND SHARING PRACTICAL KNOWLEDGE AND STRATEGIES FOR ATTENDEES TO TAKE BACK TO THEIR PRACTICE FOR IMMEDIATE IMPLEMENTATION.
MEMBER RELATIONS:FPA MEMBERSHIP STAFF ASSIST FPA MEMBERS IN JOINING AND RENEWING AS FPA MEMBERS AS WELL AS NAVIGATING THEIR FPA MEMBER BENEFITS TO ENSURE THEY TAKE FULL ADVANTAGE OF THEIR MEMBERSHIP. AS A PROFESSIONAL MEMBERSHIP ASSOCIATION, BENEFITS ARE FOCUSED ON SUPPORTING MEMBERS IN ELEVATING THEIR KNOWLEDGE THROUGH PROFESSIONAL DEVELOPMENT, EXPANDING THEIR CONNECTIONS THROUGH COMMUNITY, GROWING THEIR BUSINESSES THROUGH TOOLS AND RESOURCES FOR BUSINESS SUCCESS, AND PROTECTING THEIR PROFESSION THROUGH ADVOCACY.
FPA RETREAT IS A LONG-STANDING, NON-TRADITIONAL GATHERING OF THE FPA COMMUNITY. IT IS AN EVENT THAT ATTRACTS THE "BEST AND BRIGHTEST" OF THE PROFESSION DUE TO ITS LEVEL OF INTIMACY, COMMUNITY LEARNING, AND ADVANCED, CUTTING EDGE CONTENT. THE CONFERENCE PROVIDES OPPORTUNITIES FOR NETWORKING, ADVANCED EDUCATION, AND EXPOSURE TO NEW THEORIES AND BEST PRACTICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick D Mahoney CEO And Secretary | Officer | 40 | $407,757 |
Julie Butcher Part Year Director Of It | 40 | $216,454 | |
Ben Lewis Cco | 40 | $177,700 | |
Sandra Garcia CFO | Officer | 40 | $176,630 |
Leslie Whittet Part Year Cmo | 40 | $123,115 | |
Heather Caldwell Director Of Staff Relations | 40 | $117,425 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thinkshout Web Designer | 12/30/21 | $210,403 |
Colacci Consulting Llc Public Policy Counsel | 12/30/21 | $110,000 |
Moore Media Consulting Marketing Consultant | 12/30/21 | $357,598 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $792,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $867,892 |
| Total Program Service Revenue | $6,827,535 |
| Investment income | $46,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $72,411 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $106,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,285 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,225,248 |
| 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. | $614,905 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,810,289 |
| Pension plan accruals and contributions | $98,947 |
| Other employee benefits | $238,675 |
| Payroll taxes | $211,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,971 |
| Fees for services: Accounting | $35,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,503,649 |
| Advertising and promotion | $105,888 |
| Office expenses | $326,365 |
| Information technology | $742,404 |
| Royalties | $0 |
| Occupancy | $353,830 |
| Travel | $100,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $253,204 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $357,364 |
| Insurance | $67,900 |
| All other expenses | $118,206 |
| Total functional expenses | $7,100,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,352,121 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $581,385 |
| 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 | $488,830 |
| Net Land, buildings, and equipment | $791,043 |
| Investments—publicly traded securities | $3,395,970 |
| Investments—other securities | $0 |
| Investments—program-related | $131,050 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,740,399 |
| Accounts payable and accrued expenses | $770,958 |
| Grants payable | $0 |
| Deferred revenue | $3,063,766 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $105,373 |
| 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 | $100,575 |
| Total liabilities | $4,040,672 |
| Net assets without donor restrictions | $2,699,727 |
| 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 | $6,740,399 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Financial Planning Association has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Foundation For Financial Planning Inc Washington, DC PURPOSE: OUTREACH | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |
Investment Management Consultants Assn Inc Greenwood Village, CO | $30,192,603 | $13,414,601 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |
International Association For The Study Of Lung Cancer Denver, CO | $23,299,078 | $13,685,313 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Financial Planning Association Denver, CO | $6,740,399 | $8,225,248 |
Supima Tempe, AZ | $14,183,773 | $7,283,999 |
The Greater Colorado Springs Chamber And Edc Colorado Springs, CO | $2,246,029 | $6,426,509 |