2024-07-12T10:03:27-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2022-10-01 231379056 SOCIETY OF FINANCIAL SERVICE PROFESSIONALS SOCI 6105262500 1000 WILSON BLVD 1890 ARLINGTON VA 22209 DAVID M MAOLA JD MBA CEO 6105262500 2024-07-11 1 DAVID MAOLA JD MBA 999009999 0 DANIELLE NIHILL P01350943 7819821001 2024-07-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X DAVID M MAOLA JD MBA 1000 WILSON BLVD 1890 ARLINGTON VA 22209 3211799 0 X WWW.SOCIETYOFFSP.ORG X 1928 PA PROMOTE PROFESSIONALISM AMONG MEMBERS TO HELP THEM DELIVER THE HIGHEST LEVEL OF CLIENT SERVICE 14 14 18 200 3500 0 0 115092 1803183 1710509 88729 226211 502282 140063 2394194 2191875 0 0 0 0 1782717 1621016 0 0 0 559930 560882 2342647 2181898 51547 9977 1520001 698485 1342231 604354 177770 94131 X THE MISSION OF THE SOCIETY OF FINANCIAL SERVICE PROFESSIONALS (SFSP) IS TO ADVANCE THE PROFESSIONALISM OF CREDENTIALLED MEMBERS IN DIVERSE DISCIPLINES SO THAT THEY MAY BETTER SERVE THEIR CLIENTS' FINANCIAL NEEDS. (CONTINUED ON SCHEDULE O)SFSP IS COMMITTED TO: EMPOWERING NETWORKS THAT CREATE A PROFESSIONAL HOME IDENTIFIED BY A SET OF CORE VALUES, BELIEFS AND THE OPPORTUNITY FOR LEARNING AND GROWTH; PROVIDING CONTINUING EDUCATION THAT IS COMPREHENSIVE, CURRENT AND PRACTICAL AND WHICH EXTENDS THE WISDOM WITHIN OUR MEMBERSHIP; AND RECOGNIZING AS MEMBERS THOSE WHO ABIDE BY OUR CODE OF PROFESSIONAL RESPONSIBILITY. 0 0 CONTINUING EDUCATION: EDUCATION PROGRAMMING PROVIDED TO OUR OVER 3,900 MEMBERS AND OVER 400 NON-MEMBERS DESIGNED TO KEEP THEM CURRENT AND PROFICIENT IN THEIR ROLES WITHIN THE FINANCIAL SERVICES INDUSTRY.DURING FY20, THE WORLD HEALTH ORGANIZATION DECLARED THE SPREAD OF CORONAVIRUS DISEASE A WORLDWIDE PANDEMIC. IN FY23, EDUCATION PROGRAMMING PARTICIPATION AND FINANCIAL RESULTS HAVE NOT RECOVERED, AND, THEREFORE, CONTINUE TO BE NEGATIVELY IMPACTED. JOURNAL: SCHOLARLY PUBLICATION PROVIDED TO OUR OVER 3,900 MEMBERS AND SOLD TO NON-MEMBERS. THE CONTENT CONTRIBUTES TO THE CONTINUING EDUCATION OF THE MEMBERS, TO THE ADVANCEMENT OF PROFESSIONALISM IN THE INDUSTRY AND TO THE ULTIMATE BENEFIT OF THE PUBLIC. SECTIONS: SECTIONS ARE OUR OVER 3,900 MEMBERS LINK TO TARGETED INFORMATION FROM SOCIETY AND NETWORKING OPPORTUNITIES WITH OTHER SOCIETY MEMBERS. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 7 0 18 1 1 1 0 0 0 0 0 0 0 X 14 14 0 0 1 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 6105262500 1000 WILSON BLVD 1890 ARLINGTON VA 22209 ERNESTO J GUERRIERO CLU CHFC IMMEDIATE PAST PRESIDENT; PRESIDENT 1.00 1.00 X X 0 0 0 JESSE G DOGILLO CFP CLU CHFC AEP PRESIDENT; PRESIDENT-ELECT 1.00 1.00 X X 0 0 0 KATHLEEN W BILDERBACK JD LLM IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 ANDREW J RINN JD CFP CLU CHFC PRESIDENT-ELECT; SECRETARY 1.00 1.00 X X 0 0 0 TROY D BRANCH JD CLU CHFC SECRETARY; DIRECTOR 1.00 1.00 X X 0 0 0 TABITHA L ATWELL JD DIRECTOR 1.00 X 0 0 0 JACQUELINE BALDWIN CLTC DIRECTOR 1.00 1.00 X 0 0 0 SARAH CORNEY JD DIRECTOR 1.00 X 0 0 0 JOSHUA DLUHOS MS DIRECTOR 1.00 1.00 X 0 0 0 NICK ELBERT DIRECTOR 1.00 X 0 0 0 THOMAS FRIDICH JD CLU CHFC DIRECTOR 1.00 1.00 X 0 0 0 MARK D MASTERS JD AEP DIRECTOR 1.00 1.00 X 0 0 0 KIRK A SADILEK AIF CHFC CLU DIRECTOR 1.00 1.00 X 0 0 0 JOHN ROUSOS DIRECTOR 1.00 X 0 0 0 MICHELE B COLLINS JD DIRECTOR TO AUG 2023 1.00 X 0 0 0 KELLY DANCY JD DIRECTOR TO AUG 2023 1.00 1.00 X 0 0 0 DAVID M MAOLA JD MBA CEO 39.00 1.00 X 320147 0 29102 BRIAN HORN CIO 40.00 X 156980 0 6343 ANNE RIGNEY GENERAL COUNSEL 40.00 X 120821 0 12953 597948 0 48398 3 0 1 0 0 115092 115092 DUES 541900 1423921 1423921 CONTINUING EDUCATION 541900 197088 197088 SPONSORED PROGRAMS 541800 86000 86000 JOURNAL ADVERTISING 541800 3500 3500 1710509 22452 22452 133734 133734 1223683 1019924 203759 203759 203759 MISCELLANEOUS 900099 6169 6169 CLOSED CHAPTERS 900099 160 160 6329 2191875 1707009 3500 366274 356228 1072333 32826 60658 98971 25200 3660 140613 11901 115870 7765 86012 17120 20092 34681 SERVICE CHARGE 47178 FILING FEES 24652 EQUIPMENT 16119 DUES 10019 2181898 99349 161114 85030 56738 93828 58272 83195 31804 72340 51423 0 20917 1125215 336256 33384 33384 1520001 698485 100005 96700 592226 486665 650000 0 20989 1342231 604354 X 177770 94131 177770 94131 1520001 698485 9977 -93616 0 X 1 X 0 1 0 0 1 0 72340 51423 20917 20917 LEASE LIABILITY 20989 20989 X PART X, LINE 2: THE SOCIETY IS EXEMPT FROM FEDERAL TAXATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE SOCIETY COLLECTS ADVERTISING INCOME WHICH IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). AS OF SEPTEMBER 30, 2023 AND 2022, THE SOCIETY HAS NO UBIT TAX OBLIGATIONS SINCE NET ADVERTISING INCOME WAS OFFSET BY A NET OPERATING LOSS CARRYOVER. THE SOCIETY FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE APPLICATION OF THE STANDARD HAD NO EFFECT ON THE NET ASSETS OF THE ORGANIZATION AS THEY ARE NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. X X X X 0 0 0 DAVID M MAOLA JD MBA CEO 320147 0 0 0 0 0 10050 0 19052 0 349249 0 0 0 BRIAN HORN CIO 156980 0 0 0 0 0 4703 0 1640 0 163323 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 IN APRIL 2023, THE BYLAWS WERE AMENDED AS FOLLOWS: (1) CONFLICT OF INTEREST DISCLOSURE STATEMENT WAS ESTABLISHED FOR EACH BOARD MEMBER TO FILL OUT FORM 990, PART VI, SECTION A, LINE 6 SFSP HAS ONE CLASS OF VOTING MEMBERSHIP. VOTING MEMBERS ARE REQUIRED TO SUBMIT AN APPLICATION AND PAY DUES. IN ORDER TO BE A CHAPTER MEMBER, A PERSON NEEDS TO FIRST BE APPROVED TO BE A SFSP MEMBER. THE SFSP BOARD OF DIRECTORS HAS THE DISCRETION TO DETERMINE ADDITIONAL SPECIFIC CRITERIA FOR THE VOTING MEMBER CLASSES. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B A TWO-THIRDS MAJORITY OF THE VOTING MEMBERS IS REQUIRED TO AMEND THE BYLAWS OR THE ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. A COPY IS PROVIDED TO THE ENTIRE GOVERNING BODY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS. POTENTIAL CONFLICTS ARE REPORTED TO THE BOARD; THIS BODY WILL DECIDE IF AN ACTUAL CONFLICT EXISTS. WHILE THE BOARD IS DECIDING, THE INTERESTED DIRECTOR SHALL NOT PARTICIPATE IN THE DELIBERATION OR THE VOTE. ANNUAL DISCLOSURE OF CONFLICTS IS REQUIRED. THE PRESIDENT OF THE BOARD OVERSEES THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILIABLE TO THE PUBLIC UPON REQUEST. FOUNDATION FOR FINANCIAL SERVICE PROFESSIONALS 10 E ATHENS AVENUE SUITE 224 ARDMORE PA 19003 232336013 FOSTER RESEARCH, EDUCATION & ETHICAL PRACTICES TO BENEFIT THE PUBLIC PA 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0