2025-06-09T12:13:39-05:00 2024-08-31 135565207 KPMG LLP 8350 BROAD STREET SUITE 900 MCLEAN VA 22102 990 2023-09-01 541386480 CFA INSTITUTE CFAI 4349515499 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 MARGARET FRANKLIN PRESIDENT & CEO 4349515499 2025-06-09 1 0 BRIAN KEARNS P02061479 7032868000 2025-06-05 2023 2025-03-06 01:10:19Z MARGARET FRANKLIN 915 EAST HIGH ST CHARLOTTESVILLE VA 229022083 922103798 0 X WWW.CFAINSTITUTE.ORG X 1986 VA SEE STATEMENT O 14 13 468 4205 326444 55183 0 0 327156040 365965547 19291055 91882739 13898180 5043712 360345275 462891998 15034322 15459313 0 0 102328540 108198875 0 0 0 154628435 174697056 271991297 298355244 88353978 164536754 774533858 912886795 376977607 347786928 397556251 565099867 X SEE STATEMENT O 0 0 THE CHARTERED FINANCIAL ANALYST (CFA) PROGRAM: THE ORGANIZATION ADMINISTERS THE CFA PROGRAM, A THREE-LEVEL, EDUCATION AND EXAMINATION PROGRAM COVERING TOPICS ESSENTIAL TO THE INVESTMENT DECISION-MAKING PROCESS. PROGRAM TOPICS FORM THE CANDIDATE BODY OF KNOWLEDGE AND INCLUDE ETHICAL AND PROFESSIONAL STANDARDS, QUANTITATIVE METHODS, ECONOMICS, FINANCIAL STATEMENT REPORTING AND ANALYSIS, CORPORATE FINANCE, EQUITY AND FIXED-INCOME ANALYSIS, ALTERNATIVE INVESTMENTS, DERIVATIVES, PORTFOLIO MANAGEMENT, AND WEALTH PLANNING. PROFESSIONAL DEVELOPMENT SERVICES: THE ORGANIZATION PROMOTES LIFELONG LEARNING BY DEVELOPING AND DISSEMINATING A VARIETY OF EDUCATIONAL COURSES AND CERTIFICATES TO INVESTMENT PROFESSIONALS ON TOPICS RELEVANT TO THE PROFESSION, INCLUDING CERTIFICATE IN ESG INVESTING; CLIMATE RISK, VALUATION AND INVESTING CERTIFICATE, PRIVATE MARKETS AND ALTERNATIVE INVESTMENTS CERTIFICATES, DATA SCIENCE FOR INVESTMENT PROFESSIONS CERTIFICATE, THE CERTIFICATE IN INVESTMENT PERFORMANCE MANAGEMENT AND INVESTMENT FOUNDATIONS CERTIFICATE. STANDARDS ADVOCACY, AND THOUGHT LEADERSHIP: THE ORGANIZATION IS A LEADING VOICE ON ISSUES OF FAIRNESS, EFFICIENCY, AND INVESTOR PROTECTION IN GLOBAL CAPITAL MARKETS AND PROMOTES HIGH STANDARDS OF ETHICS, INTEGRITY, AND PROFESSIONAL EXCELLENCE WITHIN THE INVESTMENT COMMUNITY. THE ORGANIZATION ALSO PROMOTES AND ENFORCES THE CFA INSTITUTE CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT. ALL MEMBERS OF THE ORGANIZATION AND CANDIDATES IN THE CFA PROGRAM ARE REQUIRED TO ADHERE TO THIS CODE. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 X 241 0 1 468 1 1 1 1 HK CH IN UK SN AE BE 0 0 0 0 1 0 X 14 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X STEVEN HENDRY 4349515499 915 EAST HIGH STREET CHARLOTTESVILLE VA 229022083 MARGARET FRANKLIN CFA PRES & CEO & RESRCH FDN BD MEM 40.00 1.00 X X 1413115 0 42890 MARK LAZBERGER CFA BOG CHAIR 1.00 0.00 X X 0 0 0 HEINZ HOCKMANN PHD BOG VICE CHAIR 1.00 0.00 X X 0 0 0 GEOFFREY NG CFA BOARD MEMBER 1.00 0.00 X 7561 0 0 TRICIA ROTHSCHILD CFA BOARD MEMBER 1.00 0.00 X 0 0 0 PUNITA KUMAR-SINHA CFA BOARD MEMBER 1.00 1.00 X 8295 0 0 MARIA WILTON CFA BOARD MEMBER 1.00 0.00 X 0 0 0 MARSHALL BAILEY CFA BOARD MEMBER 1.00 0.00 X 0 0 0 ALEXANDER BIRKIN BOARD MEMBER 1.00 0.00 X 0 0 0 PAMELA YANG CFA BOARD MEMBER 1.00 0.00 X 0 0 0 OYEBANJI FEHINTOLA CFA BOARD MEMBER 1.00 0.00 X 0 0 0 MEI GAO CFA BOARD MEMBER 1.00 0.00 X 0 0 0 JOANNE HILL PHD BOARD MEMBER 1.00 1.00 X 0 0 0 YIMEI LI CFA BOARD MEMBER 1.00 0.00 X 0 0 0 STEVEN HENDRY CHIEF FINANCIAL OFFICER 40.00 0.00 X 583742 0 66674 JOE LANGE CORPORATE SECRETARY 40.00 0.00 X 226811 0 52251 MARTIN COLBURN MANAGING DIRECTOR 40.00 0.00 X 602690 0 48846 SHERI KELLY MANAGING DIRECTOR 40.00 0.00 X 576830 0 57632 PAUL ANDREWS MANAGING DIRECTOR 40.00 0.00 X 547094 0 57696 CHRIS WIESE MANAGING DIRECTOR 40.00 0.00 X 537939 0 66472 PAUL MOODY MANAGING DIRECTOR 40.00 0.00 X 560819 0 3367 ANDREW ROME MANAGING DIRECTOR 40.00 0.00 X 480693 0 57973 CAROLE CRAWFORD END 72023 MANAGING DIRECTOR 40.00 0.00 X 516628 0 44829 MIKE PETERSON CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 412301 0 58883 SANDY PETERS SENIOR HEAD, FIN. RPT POLICY 40.00 0.00 X 402569 0 58793 VITO LORE SENIOR HEAD, STRATEGY & PLAN. 40.00 0.00 X 393343 0 63719 ANNE O'BRIEN CHIEF OF STAFF 40.00 0.00 X 379857 0 57226 LEILANI HALL END 52024 SENIOR HEAD, CODES AND STAND. 40.00 0.00 X 406635 0 47418 KURT SCHACHT CFA END 122022 SENIOR HEAD ADV 40.00 0.00 X 557825 0 17116 NICK POLLARD END 92023 MANAGING DIRECTOR 40.00 0.00 X 683963 0 54664 9298710 0 856449 310 1 1 0 PROMETRIC LLC PO BOX 223608 PITTSBURGH PA 15251 PROFESSIONAL SVS 29774223 DATAART SOLUTIONS INC 475 PARK AVENUE SOUTH 15TH FLOOR NEW YORK NY 10016 PROFESSIONAL SVS 10924277 THE GATE WORLDWIDE LLC 71 5TH AVE 8TH FLOOR NEW YORK NY 10003 ADVERTISING 10308033 BRITISH COUNCIL 1 REDMAN PLACE STRATFORD LONDON UK E20 1JQ PROFESSIONAL SVS 5841744 WATERMELON EXPRESS INC DBA BENCHPREP 111 S WACKER DR STE 1200 CHICAGO IL 60606 PROFESSIONAL SVS 5610000 104 CANDIDATE FEES 900099 255424861 255424861 MEMBERSHIP DUES 900099 55320056 55320056 EDUCATIONAL PRODUCTS 611710 55220630 55220630 365965547 23587758 23587758 827198 827198 38329 0 38329 38329 38329 527506781 459211800 68294981 68294981 68294981 MISCELLANEOUS 900099 3696643 3696643 CAREER CENTER REVENUE 541900 326444 326444 SERVICE FEE REP. OFFICE 900099 155098 155098 4178185 462891998 369817288 326444 92748266 4144638 11314675 6142202 78755911 8943178 8527184 5830400 2742855 2511157 559677 18659872 17603199 15911815 35721827 6346191 6434527 1156453 3448 10824487 948782 EXAM ADMIN EXPENSES 38895001 CONTRACT LABOR & RECRUI 6276123 PRODUCT MERCH COSTS 6162436 STAFF TRAINING 551766 3387440 298355244 22301469 14552871 177060774 270686746 8188525 1362733 17263214 17794402 26339907 12881782 14919213 13458125 497808221 568688781 18016314 18588284 18976128 7754853 774533858 912886795 48271795 44722576 306689592 283939616 22016220 19124736 376977607 347786928 X 397556251 565099867 397556251 565099867 774533858 912886795 X 164536754 -4048917 -280200 7335979 X 0 1 X 1 0 0 0 0 55320056 65296 65296 65296 5632597 3414626 2217971 20707310 9467156 11240154 13458125 LEASE OBLIGATIONS AND FINANCE LIABILITY 16742141 OTHER TAXES PAYABLE 1886692 UNCLAIMED PROPERTY 324145 FEDERAL EXCISE TAX 147832 DUE TO AFFILIATES 22733 SOCIETY DUES PAYABLE 1193 19124736 X 462922670 -4048917 4639266 -559677 30672 462891998 0 462891998 302715033 4919466 4919466 297795567 559677 559677 298355244 PART X, LINE 2: CFA INSTITUTE HAS PERFORMED AN EVALUATION OF ALL UNRELATED BUSINESS INCOME AND HAS MAINTAINED ITS TAX-EXEMPT STATUS. CFA INSTITUTE HAS DETERMINED THAT IT HAS ADEQUATELY PROVIDED FOR ALL OPEN TAX YEARS AND HAS NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -559,677. 1 CENTRAL AMERICA & THE CARRIBEAN PROGRAM SERVICES MEMBER & ADMIN SUPPORT 2053 EAST ASIA & THE PACIFIC 5 54 PROGRAM SERVICES MEMBER & ADMIN SUPPORT 22847169 EUROPE 2 73 PROGRAM SERVICES MEMBER & ADMIN SUPPORT 19062861 MIDDLE EAST & NORTH AFRICA 1 3 PROGRAM SERVICES MEMBER & ADMIN SUPPORT 1984971 NORTH AMERICA PROGRAM SERVICES MEMBER & ADMIN SUPPORT 105983 SOUTH AMERICA PROGRAM SERVICES MEMBER & ADMIN SUPPORT 30257 SOUTH ASIA 1 30 PROGRAM SERVICES MEMBER & ADMIN SUPPORT 6714880 SUB-SAHARAN AFRICA PROGRAM SERVICES MEMBER & ADMIN SUPPORT 33892 CENTRAL AMERICA & THE CARRIBEAN GRANTMAKING N/A 173138 EAST ASIA & THE PACIFIC GRANTMAKING N/A 2648322 EUROPE GRANTMAKING N/A 4036692 MIDDLE EAST & NORTH AFRICA GRANTMAKING N/A 630674 NORTH AMERICA GRANTMAKING N/A 1857990 RUSSIA & NEIGHBORING STATES GRANTMAKING N/A 33885 SOUTH AMERICA GRANTMAKING N/A 459170 SOUTH ASIA GRANTMAKING N/A 957828 SUB-SAHARAN AFRICA GRANTMAKING N/A 516976 9 160 0 0 9 160 50782066 11314675 62096741 CENTRAL AMERICA & THE CARRIBEAN GEN SUPPORT 27370 WIRE/CHECK 0 N/A N/A CENTRAL AMERICA & THE CARRIBEAN GEN SUPPORT 27699 WIRE/CHECK 0 N/A N/A CENTRAL AMERICA & THE CARRIBEAN GEN SUPPORT 36930 WIRE/CHECK 0 N/A N/A CENTRAL AMERICA & THE CARRIBEAN GEN SUPPORT 25035 WIRE/CHECK 0 N/A N/A CENTRAL AMERICA & THE CARRIBEAN GEN SUPPORT 27340 WIRE/CHECK 0 N/A N/A CENTRAL AMERICA & THE CARRIBEAN GEN SUPPORT 28765 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 68874 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 342445 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 72736 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 115121 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 398570 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 156608 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 96058 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 138276 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 35245 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 58626 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 374985 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 423596 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 106631 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 114833 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 50000 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 5791 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 59332 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 26595 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 32358 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 42190 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 35935 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 66639 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 37995 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 34305 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 49195 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 371928 WIRE/CHECK 0 N/A N/A EUROPE GEN 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N/A N/A EUROPE GEN SUPPORT 50000 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 139752 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 23450 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 84000 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 53970 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 36770 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 89186 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 34045 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 59031 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 137424 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 27410 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 61660 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 34055 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 33865 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 31905 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 85324 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 164312 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 35785 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 695696 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 40236 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 86130 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 43443 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 70980 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 21716 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 38805 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 21591 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 479313 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 82401 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 22733 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 34849 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 20000 WIRE/CHECK 0 N/A N/A RUSSIA & NEIGHBORING STATES GEN SUPPORT 33885 WIRE/CHECK 0 N/A N/A SOUTH AMERICA GEN SUPPORT 51374 WIRE/CHECK 0 N/A N/A SOUTH AMERICA GEN SUPPORT 258884 WIRE/CHECK 0 N/A N/A SOUTH AMERICA GEN SUPPORT 40726 WIRE/CHECK 0 N/A N/A SOUTH AMERICA GEN SUPPORT 29405 WIRE/CHECK 0 N/A N/A SOUTH AMERICA GEN SUPPORT 30725 WIRE/CHECK 0 N/A N/A SOUTH AMERICA GEN SUPPORT 48056 WIRE/CHECK 0 N/A N/A SOUTH ASIA GEN SUPPORT 33725 WIRE/CHECK 0 N/A N/A SOUTH ASIA GEN SUPPORT 689121 WIRE/CHECK 0 N/A N/A SOUTH ASIA GEN SUPPORT 130799 WIRE/CHECK 0 N/A N/A SOUTH ASIA GEN SUPPORT 101518 WIRE/CHECK 0 N/A N/A SUB-SAHARAN AFRICA GEN SUPPORT 115054 WIRE/CHECK 0 N/A N/A SUB-SAHARAN AFRICA GEN SUPPORT 31705 WIRE/CHECK 0 N/A N/A SUB-SAHARAN AFRICA GEN SUPPORT 32850 WIRE/CHECK 0 N/A N/A SUB-SAHARAN AFRICA GEN SUPPORT 93549 WIRE/CHECK 0 N/A N/A SUB-SAHARAN AFRICA GEN SUPPORT 239317 WIRE/CHECK 0 N/A N/A 0 101 0 0 0 0 0 1 PART I, LINE 2: INDIVIDUAL GRANT PAYMENTS ARE MONITORED AND TRACKED BY CFA INSTITUTE STAFF. GRANT RECIPIENTS ARE REQUIRED TO SUBMIT DETAILED BUSINESS PLANS, BUDGETS AND REPORTS. ADDITIONALLY AS PART OF THE GRANT MONITORING PROCEDURES, THE GRANT RECIPIENTS HAVE TO PROVIDE CFA INSTITUTE THEIR FINANCIALS ANNUALLY. CFA INSTITUTE IS ALSO ABLE TO CONDUCT AN AUDIT OF THE SOCIETY GRANT RECIPIENTS AT ANY TIME. CFA INSTITUTE ENSURES THAT ITS GRANT AGREEMENTS CONTAIN LANGUAGE RESTRICTING THE USE OF GRANT FUNDS TO BE USED FOR ANY PURPOSE OTHER THAN AS SPECIFIED IN THE INDIVIDUAL GRANT. THE GRANT FUNDS CAN NEITHER BE USED TO REIMBURSE THE EXPENSES THAT SOCIETY GRANT RECIPIENTS INCURRED PRIOR TO THE GRANT'S APPROVAL, NOR CAN THE GRANT FUNDS RESULT IN AN UNEXPECTED SURPLUS FOR THE SOCIETY GRANT RECIPIENTS. THESE PROCEDURES ENSURE THAT NO AMOUNTS CAN BE USED FOR THE INUREMENT OF PRIVATE INDIVIDUALS, INCLUDING INDIVIDUAL MEMBERS. 1 CFA INSTITUTE RESEARCH FOUNDATION 915 EAST HIGH STREET CHARLOTTESVILLE VA 229022083 546063408 501(C)(3) 159776 0 N/A N/A GEN SUPPORT ARKANSAS FINANCIAL ANALYSTS SOCIETY 1915 MONROE STREET LITTLE ROCK AR 72207 582055805 501(C)(6) 18650 0 N/A N/A GEN SUPPORT CFA HAWAII PO BOX 580 HONOLULU HI 96809 870753677 501(C)(6) 21248 0 N/A N/A GEN SUPPORT CFA MIAMI INC PO BOX 960901 MIAMI FL 33296 611572381 501(C)(6) 48712 0 N/A N/A GEN SUPPORT CFA SOCIETIES OF TEXAS 416 CANNA LILY CIRCLE DRIFTWOOD TX 78619 454833185 501(C)(6) 47886 0 N/A N/A GEN SUPPORT CFA SOCIETY ATLANTA INC 4355 COBB PARKWAY J-533 ATLANTA GA 30339 581105110 501(C)(6) 50394 0 N/A N/A GEN SUPPORT CFA SOCIETY BALTIMORE INC BROWN ADVISORY 901 S BOND ST 400 BALTIMORE MD 21231 520895933 501(C)(6) 50074 0 N/A N/A GEN SUPPORT CFA SOCIETY BOSTON INC 2 FINANCIAL CTR STE 1010 60 S ST BOSTON MA 02111 237069432 501(C)(6) 274734 0 N/A N/A GEN SUPPORT CFA SOCIETY CHICAGO 33 N LASALLE ST 910 CHICAGO IL 60602 362595074 501(C)(6) 238415 0 N/A N/A GEN SUPPORT CFA SOCIETY CLEVELAND 24199 LYMAN BLVD SHAKER HEIGHTS OH 44122 237065462 501(C)(6) 42208 0 N/A N/A GEN SUPPORT CFA SOCIETY DALLASFORT WORTH 909 LAKE CAROLYN PKWY STE 320 IRVING TX 75039 237078748 501(C)(6) 101964 0 N/A N/A GEN SUPPORT CFA SOCIETY HARTFORD INC PO BOX 266 GRANBY CT 06035 900770635 501(C)(6) 46002 0 N/A N/A GEN SUPPORT CFA SOCIETY KANSAS CITY PO BOX 26285 OVERLAND PARK KS 66225 820560661 501(C)(6) 45892 0 N/A N/A GEN SUPPORT CFA SOCIETY MEMPHIS PO BOX 382282 GERMANTOWN TN 38183 621636928 501(C)(6) 24073 0 N/A N/A GEN SUPPORT CFA SOCIETY NEW YORK INC 1540 BROADWAY 1010 NEW YORK NY 10036 833591457 501(C)(6) 458061 0 N/A N/A GEN SUPPORT CFA SOCIETY OF ALABAMA INC 2712 18TH PLACE SOUTH BIRMINGHAM AL 35209 631064381 501(C)(6) 23087 0 N/A N/A GEN SUPPORT CFA SOCIETY OF AUSTIN 3267 BEE CAVE ROAD STE 107-273 AUSTIN TX 78746 721621543 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SOCIETY 500 DAVIS STREET SUITE 1004 EVANSTON IL 60201 030560080 501(C)(6) 27387 0 N/A N/A GEN SUPPORT DAYTON CFA SOCIETY 2500 KETTERING TOWER DAYTON OH 45423 260659612 501(C)(6) 13648 0 N/A N/A GEN SUPPORT INDIANAPOLIS SOCIETY OF FINANCIAL ANALYSTS INC DBA CFA SOCIETY OF INDIANAP PO BOX 1225 CARMEL IN 46032 237119206 501(C)(6) 39258 0 N/A N/A GEN SUPPORT MAINE SECURITY ANALYSTS SOCIETY 36 CEDAR RIDGE ROAD YARMOUTH ME 04096 043547791 501(C)(6) 22037 0 N/A N/A GEN SUPPORT NORTH CAROLINA SOCIETY OF FINANCIAL ANALYSTS INC DBA CFA SOCIETY NORTH CAROLINA INC 3004 OXBOW COURT RALEIGH NC 27613 561824044 501(C)(6) 97771 0 N/A N/A GEN SUPPORT THE CFA SOCIETY OF DETROIT INC 525 E MICHIGAN AVE 409 SALINE MI 48176 386087152 501(C)(6) 38433 0 N/A N/A GEN SUPPORT THE CFA SOCIETY OF NEW MEXICO PO BOX 36947 ALBUQUERQUE NM 87176 850454738 501(C)(6) 22337 0 N/A N/A GEN SUPPORT THE CFA SOCIETY OF ORLANDO INC PO BOX 4387 ORLANDO FL 32802 593213363 501(C)(6) 33796 0 N/A N/A GEN SUPPORT VERMONT CFA SOCIETY 135 COOPER ROAD MILTON VT 05468 043374500 501(C)(6) 15649 0 N/A N/A GEN SUPPORT INSTITUTE OF MANAGEMENT ACCOUNTANTS INC 10 PARAGON DR MONTVALE NJ 07645 222659674 501(C)(3) 10000 0 N/A N/A GEN SUPPORT QUINNIPIAC UNIVERSITY 275 MOUNT CARMEL AVENUE HAMDEN CT 065181908 060646701 501(C)(3) 20000 0 N/A N/A GEN SUPPORT 3 68 PART I, LINE 2: INDIVIDUAL GRANT PAYMENTS ARE MONITORED AND TRACKED BY CFA INSTITUTE STAFF. GRANT RECIPIENTS ARE REQUIRED TO SUBMIT DETAILED BUSINESS PLANS, BUDGETS AND REPORTS. ADDITIONALLY AS PART OF THE GRANT MONITORING PROCEDURES, THE GRANT RECIPIENTS HAVE TO PROVIDE CFA INSTITUTE THEIR FINANCIALS ANNUALLY. CFA INSTITUTE IS ALSO ABLE TO CONDUCT AN AUDIT OF THE SOCIETY GRANT RECIPIENTS AT ANY TIME. ALL DOMESTIC GRANTEES HAVE BEEN DEEMED TO BE TAX-EXEMPT ENTITIES THAT ARE SUBJECT TO PRIVATE INUREMENT PROHIBITIONS JUST AS CFA INSTITUTE IS. THESE GRANTS ARE NOT USED TO PROVIDE FUNDS TO ANY INDIVIDUAL MEMBERS. X X X X X 1 1 X X X X X 1 0 0 MARGARET FRANKLIN CFA PRES & CEO & RESRCH FDN BD MEM 703250 0 694160 0 15705 0 39600 0 3290 0 1456005 0 0 0 NICK POLLARD END 92023 MANAGING DIRECTOR 289169 0 132097 0 262697 0 45322 0 9342 0 738627 0 0 0 MARTIN COLBURN MANAGING DIRECTOR 341667 0 241260 0 19763 0 39600 0 9246 0 651536 0 0 0 STEVEN HENDRY CHIEF FINANCIAL OFFICER 339167 0 241260 0 3315 0 39600 0 27074 0 650416 0 0 0 SHERI KELLY MANAGING DIRECTOR 353333 0 218900 0 4597 0 39600 0 18032 0 634462 0 0 0 PAUL ANDREWS MANAGING DIRECTOR 352500 0 183900 0 10694 0 39600 0 18096 0 604790 0 0 0 CHRIS WIESE MANAGING DIRECTOR 311667 0 222232 0 4040 0 39600 0 26872 0 604411 0 0 0 KURT SCHACHT CFA END 122022 SENIOR HEAD ADV 165194 0 111240 0 281391 0 17116 0 0 0 574941 0 0 0 PAUL MOODY MANAGING DIRECTOR 334408 0 191552 0 34859 0 0 0 3367 0 564186 0 0 0 CAROLE CRAWFORD END 72023 MANAGING DIRECTOR 163497 0 170879 0 182252 0 39600 0 5229 0 561457 0 0 0 ANDREW ROME MANAGING DIRECTOR 302500 0 175246 0 2947 0 39600 0 18373 0 538666 0 0 0 MIKE PETERSON CHIEF TECHNOLOGY OFFICER 300619 0 99869 0 11813 0 39600 0 19283 0 471184 0 0 0 SANDY PETERS SENIOR HEAD, FIN. RPT POLICY 304002 0 93098 0 5469 0 39600 0 19193 0 461362 0 0 0 VITO LORE SENIOR HEAD, STRATEGY & PLAN. 291417 0 98964 0 2962 0 39600 0 24119 0 457062 0 0 0 LEILANI HALL END 52024 SENIOR HEAD, CODES AND STAND. 301740 0 95683 0 9212 0 39600 0 7818 0 454053 0 0 0 ANNE O'BRIEN CHIEF OF STAFF 276762 0 96475 0 6620 0 39600 0 17626 0 437083 0 0 0 JOE LANGE CORPORATE SECRETARY 177077 0 46385 0 3349 0 26816 0 25435 0 279062 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: MEMBERS OF THE LEADERSHIP TEAM AS WELL AS OTHER MANAGING DIRECTORS ARE ELIGIBLE FOR FIRST CLASS AIR TRAVEL. MEMBERS OF THE LEADERSHIP TEAM, MANAGING DIRECTORS, AND THE BOARD OF GOVERNORS ARE ELIGIBLE FOR FIRST CLASS RAIL TRAVEL. TRAVEL FOR COMPANION: COMPANION TRAVEL IS AVAILABLE AS OF THE POLICY REVISION DATE FOR THE FOLLOWING GROUPS WITH THE COST OF THE SECOND TICKET COVERED BY CFA INSTITUTE BUT REPRESENTING TAXABLE INCOME TO THE TRAVELER. THIS BENEFIT DOES NOT ROLL OVER IF NOT USED WITHIN THE FISCAL YEAR. *MEMBERS OF THE LEADERSHIP TEAM ARE ELIGIBLE ON ONE TRIP PER FISCAL YEAR TO PURCHASE AN ADDITIONAL TICKET FOR ONE COMPANION IN THE SAME CLASS OF SERVICE. THIS DOES NOT APPLY TO NON-LEADERSHIP TEAM MANAGING DIRECTORS. *MEMBERS OF THE BOARD OF GOVERNORS ARE ELIGIBLE TO PURCHASE AN ADDITIONAL TICKET FOR ONE COMPANION IN THE SAME CLASS OF SERVICE FOR ONE BUSINESS TRIP PER FISCAL YEAR. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: CFA INSTITUTE PROVIDED A GROSS UP ON INCOME REPORTED TO CEO TO COVER IMPUTED INCOME ASSOCIATED WITH THE PROVISION OF OUTSIDE TAX PREPARATION SERVICES. HOUSING ALLOWANCE OR RESIDENT FOR PERSONAL USE: CFA INSTITUTE PAYS FOR RELOCATION HOUSING AND INCLUDES THIS IN THE EMPLOYEE'S COMPENSATION. AS CUSTOMARY IN LOCAL COUNTRY, CFA INSTITUTE EMPLOYEES WHO LIVE AND WORK IN HONG KONG, INDIA, OR UNITED ARAB EMIRATES ARE PROVIDED HOUSING ALLOWANCES WHICH ARE INCLUDED IN COMPENSATION. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: EFFECTIVE 1 JANUARY 2023, LIFESTYLE SPENDING ACCOUNTS (LSA'S) WERE ESTABLISHED FOR ALL CFA INSTITUTE EMPLOYEES. FUNDS ALLOCATED TO THE LSA'S CAN BE USED FOR REIMBURSEMENT OF APPROVED EXPENSES RELATED TO MEMBER HEALTH AND WELLNESS, UP TO A MAXIMUM AMOUNT. PRIOR TO THAT, THE U.S. WELLNESS PROGRAM CHANGED IN CY2016 FROM A REIMBURSABLE PLAN TO A CREDIT-WELLNESS PROGRAM. HOWEVER, U.S. EMPLOYEES WHO WERE NOT COVERED BY A CFA INSTITUTE HEALTH PLAN, AND NON-U.S. EMPLOYEES WERE STILL ELIGIBLE FOR REIMBURSEMENTS ASSUMING THEY QUALIFY. PART I, LINE 4A SEVERANCE PAYMENTS WERE MADE AS FOLLOWS: KURT SCHACHT $250,000 FORM 990, PART VII, COLUMN D & SCHEDULE J, PART I, LINE 1A: PUNITA KUMAR-SINHA RECEIVED $8,295 FOR A TRAVEL COMPANION TICKET GEOFFREY NG RECEIVED $7,561 FOR A TRAVEL COMPANION TICKET. PART 1, LINE 1: TO LEAD THE INVESTMENT PROFESSION GLOBALLY BY PROMOTING THE HIGHEST STANDARDS OF ETHICS, EDUCATION, AND PROFESSIONAL EXCELLENCE FOR THE ULTIMATE BENEFIT OF SOCIETY. PART III, LINE 1: CFA INSTITUTE IS THE GLOBAL, NON-PROFIT PROFESSIONAL MEMBERSHIP ASSOCIATION THAT ADMINISTERS THE CHARTERED FINANCIAL ANALYST (CFA) CERTIFICATE, THE CERTIFICATE IN INVESTMENT PERFORMANCE MEASUREMENT (CIPM), AND THE CERTIFICATE IN ESG INVESTING AND ALSO PROVIDES PROFESSIONAL LEARNING COURSES. EXAMINATION PROGRAMS ARE CONDUCTED WORLDWIDE ALONG WITH RESEARCH, PROFESSIONAL DEVELOPMENT PROGRAMS AND PROFESSIONAL CONDUCT ENFORCEMENT FOR ITS INDIVIDUAL MEMBERS. THE ORGANIZATION SETS VOLUNTARY, ETHICS-BASED PROFESSIONAL AND PERFORMANCE-REPORTING STANDARDS FOR THE INVESTMENT PROFESSION. THE STATED MISSION OF THE ORGANIZATION IS TO LEAD THE INVESTMENT PROFESSION GLOBALLY BY PROMOTING THE HIGHEST STANDARDS OF ETHICS, EDUCATION, AND PROFESSIONAL EXCELLENCE FOR THE ULTIMATE BENEFIT OF SOCIETY. CFA INSTITUTE PURSUES THIS MISSION ON BEHALF OF ITS INDIVIDUAL MEMBERS WHO CURRENTLY NUMBER 211,157 IN 170 MARKETS. CFA INSTITUTE'S MEMBERSHIP INCLUDES 205,109 CFA CHARTERHOLDERS AND EXTENDS ITS REACH INTO LOCAL COMMUNITIES THROUGH A NETWORK OF 158 MEMBER SOCIETIES IN 82 MARKETS. CFA INSTITUTE IS HEADQUARTERED IN CHARLOTTESVILLE, VIRGINIA, UNITED STATES, WITH BRANCH OFFICES IN LONDON, BRUSSELS, HONG KONG, NEW YORK, AND WASHINGTON D.C. AND SUBSIDIARY OFFICES IN BEIJING, HONG KONG, MUMBAI, SHANGHAI, SINGAPORE AND ABU DHABI. MORE INFORMATION ON THE ORGANIZATION CAN BE FOUND AT WWW.CFAINSTITUTE.ORG. FORM 990, PART VI, SECTION A, LINE 6 THE FOUR CLASSES OF MEMBERSHIP IN CFA INSTITUTE ARE REGULAR, AFFILIATE, CHARTER-HOLDER MEMBERS AND MEMBER SOCIETIES. REGULAR MEMBERS ARE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED AT MEMBER MEETINGS. FORM 990, PART VI, SECTION A, LINE 7A REGULAR MEMBERS HAVE ONE VOTE PER EACH MATTER SUBMITTED INCLUDING THE RIGHT TO ELECT THE OFFICERS (CHAIR AND VICE CHAIR) AND MEMBERS OF THE CFA INSTITUTE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PRESENTED TO THE AUDIT AND FINANCE COMMITTEE AND DISCUSSED IN DETAIL. IN ADDITION, COPIES ARE PROVIDED TO EACH OF THE BOARD OF GOVERNORS. THESE PRESENTATIONS TAKE PLACE PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COLLECTED ANNUALLY. EMPLOYEE AND BOARD OF GOVERNORS' DISCLOSURES ARE DIRECTED TO THE CHIEF COMPLIANCE OFFICER. THE CONFLICT OF INTEREST POLICY PROVIDES VARIOUS AVENUES FOR REPORTING, INCLUDING ANYONE WISHING TO ESCALATE CONCERNS DIRECTLY TO THE RISK COMMITTEE CHAIR. COMPLIANCE TRAINING ON THE CODE OF CONDUCT, INCLUDING ON CONFLICTS OF INTEREST, IS REQUIRED FOR ALL NEW EMPLOYEES AND ONGOING ANNUALLY. ALL EMPLOYEES ACKNOWLEDGE THEIR UNDERSTANDING AND ADHERENCE TO POLICY WITHIN THE CODE OF CONDUCT ANNUALLY. THE RESTRICTIONS IMPOSED ON A PERSON WITH A CONFLICT VARY BASED ON THE NATURE OF THE CONFLICT AND THE SITUATION; HOWEVER, RESOLUTION OF A CONFLICT COULD INCLUDE PROHIBITING A BOARD MEMBER FROM PARTICIPATING IN A PARTICULAR DELIBERATION AND/OR DECISION. FORM 990, PART VI, SECTION B, LINE 15 TO ENSURE ONGOING AND EFFECTIVE CORPORATE GOVERNANCE, THE BOARD OF GOVERNORS UTILIZES A COMMITTEE - THE PEOPLE AND CULTURE (PAC) COMMITTEE - COMPRISED OF THREE GOVERNORS WHO ARE INDEPENDENT OF MANAGEMENT OF CFA INSTITUTE AND ARE FREE OF ANY RELATIONSHIP THAT WOULD INTERFERE WITH THEIR EXERCISE OF INDEPENDENT JUDGMENT. THE PAC COMMITTEE SETS THE COMPENSATION OF THE CEO, INCLUDING ANY INCENTIVE, AND ENGAGES INDEPENDENT CONSULTANTS AS NEEDED TO PROVIDE COMPENSATION RECOMMENDATIONS. THE COMMITTEE ENSURES THAT INDEPENDENT COMPARATIVE COMPENSATION STUDIES ARE CONDUCTED ON AN BIENNIAL BASIS TO GAUGE THE COMPETITIVENESS OF EXECUTIVE COMPENSATION AT CFA INSTITUTE. THE MOST RECENT EXECUTIVE MARKET STUDY WAS CONDUCTED IN FY2023, WHEN CFA INSTITUTE RETAINED A GLOBAL MANAGEMENT CONSULTING FIRM TO PROVIDE COMPETITIVE PAY BENCHMARKS THAT REFLECT THE MARKETS FROM WHICH CFA INSTITUTE WOULD MOST LIKELY RECRUIT EXECUTIVE TALENT. PEER GROUP SELECTION SPANNED DIFFERENT INDUSTRY SECTORS, INCLUDING NOT-FOR-PROFIT AND FINANCIAL SERVICES FIRMS, AND GENERAL INDUSTRY. THE NOT-FOR-PROFIT PEER GROUP SELECTION WAS BASED ON CRITERIA THAT INCLUDED MISSION, REVENUE, HEADCOUNT AND GLOBAL PRESENCE. PAY DATA WAS COLLECTED FROM PUBLICLY DISCLOSED IRS FORM 990S. DATA FOR THE OTHER INDUSTRY SECTORS WAS SOURCED USING BOTH THIRD-PARTY SURVEY DATA AND INFORMATION DISCLOSED ON PUBLIC FILINGS. THE CONSULTING FIRM PERFORMED THIS STUDY ON AN INDEPENDENT FEE BASIS. ADDITIONALLY, THE CFA INSTITUTE PAC COMMITTEE ALSO ENGAGES INDEPENDENT ADVISORS TO HELP INTERPRET HOW THE REPORTED MARKET DATA APPLIES TO CFA INSTITUTE'S EXECUTIVE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC THROUGH THE ORGANIZATION'S WEBSITE, WWW.CFAINSTITUTE.ORG. FORM 990, PART XI, LINE 9: LIQUIDATION OF CVILLE OPERATIONS HOLDINGS INC 7,335,979. CFA INSTITUTE CHINA LIMITED 27/F HENLEY BUILDING 5 QUEENS ROA HONG KONG HK 980615079 PROF. ORG HK 155098 1483586 CFA INSTITUTE CFA INSTITUTE INDIA PRIVATE LTD 702 7TH FLOOR ONE BKC TOWER G BL MUMBAI MAHARASHTRA IN 400051 981196398 PROF. ORG IN 3973408 4219810 CFA INSTITUTE CFA GLOBAL HOLDINGS LLC 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 471269465 HOLDINGS VA 0 0 CFA INSTITUTE SI WEI BEIJING ENTERPRISE MGMT FL 55 UNITS 01 11B 12 CHINA WOR BEIJING CH 100004 981228213 PROF. ORG CH 7006148 6369776 CFA INSTITUTE CHINA LIMITED CFA INSTITUTE SINGAPORE PVT LTD 30 RAFFLES PL 23-01 SINGAPORE SN 048622 981261400 PROF. ORG SN 24212 559852 CFA INSTITUTE CFA INSTITUTE LTD PART OF FL 7 AL MAQAM TOWER ADGM SQUARE AE 981442588 PROF. ORG AE 985619 1449385 CFA INSTITUTE CFA INSTITUTE RESEARCH FOUNDATION 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 546063408 INV.RESEARCH VA 501 (C)(3) LINE 7 CFA INSTITUTE 1 CVILLE OPERATIONS HOLDINGS INC 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 455449709 REAL ESTATE VA CFA INSTITUTE C -3108308 1.00000 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 CFA INSTITUTE RESEARCH FOUNDATION O 280200 HISTORICAL COST CFA INSTITUTE RESEARCH FOUNDATION B 159776 FAIR MARKET VALUE CVILLE OPERATIONS HOLDINGS INC S 23010491 FAIR MARKET VALUE CFA INSTITUTE RESEARCH FOUNDATION Q 69600 FAIR MARKET VALUE