Overview
What is Mutual Fund Directors Forum?
The Mutual Fund Directors Forum, situated in Washington D.C., serves as a crucial platform for educating and supporting independent directors and Chief Compliance Officers (CCOs) of U.S. registered funds. Their primary objective is to equip these individuals with the necessary knowledge to navigate various challenges within fund boardrooms. By organizing both virtual and in-person programs, they foster discussions on regulatory updates pertinent to their fiduciary duties. The Mutual Fund Directors Forum is committed to promoting diversity, equity, and inclusion within its programs and member working groups, encouraging active participation from its members. Their mission lies in enhancing the governance of U.S. registered funds, offering independent directors a platform to voice their concerns in key federal policy issues.
Official website here: www.mfdf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Mutual Fund Directors Forum has achieved an impressive 96% rating from Charity Navigator, earning a Four-Star designation, which reflects its strong accountability and financial health. The score is based solely on a comprehensive assessment of the organization’s financial practices, indicating a high level of transparency and effective governance.
The organization demonstrates robust financial management, with a substantial 84.11% of its expenses directed towards programs. It boasts a fully independent board, with 90% of its members being independent, and has established stringent policies regarding conflict of interest, whistleblowing, and document retention, ensuring a commitment to ethical practices and risk management.
While the rating underscores significant strengths in governance and financial responsibility, it is essential for potential donors and supporters to consider how these practices translate into the organization's overall impact and effectiveness in its mission. The high program expense ratio suggests a focus on impactful programs, but ongoing evaluations of program outcomes are crucial for sustained success.
This AI summary has been generated from information found on Charity Navigator.
Is Mutual Fund Directors Forum legitimate?
Mutual Fund Directors Forum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mutual Fund Directors Forum submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $803,393
Professional Fundraising Fees: $0
Other Salaries and Wages: $475,434
For more financial information, click here
Official website here: www.mfdf.org
What is the mission statement of Mutual Fund Directors Forum?
The Mutual Fund Directors Forum serves to enhance the governance of U.S. registered funds. It achieves this by educating independent directors and providing them with a platform to voice their opinions on crucial federal policy issues. The organization's primary activity involves educating fund directors and Chief Compliance Officers (CCOs) about various issues affecting fund board rooms, fostering discussions and updates related to their fiduciary duties. The Mutual Fund Directors Forum is also committed to promoting diversity, equity, and inclusion, and engages its members in topic-specific programs, conferences, and white papers, inviting their feedback and input.
Official website here: www.mfdf.org
Who is the CEO of Mutual Fund Directors Forum?
Carolyn Mcphillips is the Director of Mutual Fund Directors Forum.
Official website here: www.mfdf.org
What is the revenue of Mutual Fund Directors Forum?
Mutual Fund Directors Forum's revenue in 2023 was $3,072,475.
Official website here: www.mfdf.org
Who are the executives of Mutual Fund Directors Forum and what are their salaries?
The average compensation at Mutual Fund Directors Forum during 2023 was $213,138. There are 6 employees and 10 volunteers at Mutual Fund Directors Forum.
Here are 15 key members and their salaries:
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- Compensation: $230,735
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- Compensation: $170,119
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- Other: $18,697
- Compensation: $111,058
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- Other: $10,962
Official website here: www.mfdf.org
Where can I find the form 990 for Mutual Fund Directors Forum?
Mutual Fund Directors Forum's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mfdf.org
Learn more at the official website: www.mfdf.org
Mission Statement of Mutual Fund Directors Forum
The Mutual Fund Directors Forum serves a crucial role in enhancing the governance of U.S. registered funds. By providing education to independent directors and offering them a platform to voice their opinions on key federal policy issues, the forum aims to elevate the standards of oversight within the fund industry. This organization is committed to equipping directors with the necessary knowledge and resources to navigate various challenges that arise in fund boardrooms, fostering open discussions and promoting regulatory updates related to their fiduciary duties.
Moreover, the Mutual Fund Directors Forum is dedicated to expanding its diversity, equity, and inclusion initiatives. Through member working groups and specialized programs, the forum encourages participation from directors and Chief Compliance Officers (CCOs) to shape its topic-specific events, conferences, and white papers. By fostering an inclusive environment and engaging with its members, the Mutual Fund Directors Forum strives to foster a more diverse and well-informed fund governance landscape.
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Impact
July, 2024
The Mutual Fund Directors Forum plays a crucial role in enhancing the governance of U.S. registered funds. By educating independent directors and providing them with a voice in key federal policy issues, the forum empowers these directors to make informed decisions that benefit investors and the overall financial system. Through a variety of programs designed to educate and encourage discussions among directors on regulatory updates related to their fiduciary duties, the forum ensures that fund boards operate effectively and in the best interest of shareholders. Additionally, its focus on diversity, equity, and inclusion initiatives underscores its commitment to creating a more inclusive and representative governance environment within the mutual fund industry.
This information is meant to be a general summary of Mutual Fund Directors Forum. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $76,880
- Program Service Revenue: $2,995,595
- Gross Receipts: $3,072,475
Assets and Liabilities:
- Total Assets: $8,045,166
- Total Liabilities: $2,715,889
- Net Assets: $5,329,277
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$2,904,107
CONFERENCE REGISTRATION
Revenue
$91,488
Organization Details
Founding Year
2002
Phone
(202) 507-4488Principal Officer
Carolyn Mcphillips
Main Address
1501 M STREET NW, WASHINGTON, DC, 20005
Website
www.mfdf.orgNTEE Category
Code: B99 - Education
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