Overview
What is Financial Communications Society?
The Financial Communications Society is a nonprofit organization situated in Westfield, New Jersey, specifically at 529 Hanford Place. Their primary purpose is to educate, inform, and inspire professionals in the financial communications sector. They achieve this mission by hosting a variety of events, including breakfasts, lunches, dinners, and virtual gatherings, totaling 36 occasions. These events cater to around 2,450 participants, offering insights into financial communications policies and practices. The Financial Communications Society's modest workforce consists of just three dedicated individuals.
Official website here: www.thefcs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Financial Communications Society has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 73%. This indicates that while the organization demonstrates a strong commitment to accountability and finance in certain areas, such as having a fully independent board and a high program expense ratio, there are significant deficiencies in transparency, particularly regarding financial statements and key policies.
Strengths include a robust independent board composition and a commendable program expense ratio of over 92%, suggesting that the majority of their funds are directed toward program activities. However, the absence of financial statements and missing policies such as a whistleblower policy and document retention procedures raise concerns about governance and transparency. These gaps contribute to the rating designation of "Needs Improvement."
Overall, while the Financial Communications Society is effectively managing its programmatic expenses and maintaining a strong governance structure through independent board oversight, the lack of critical reporting and compliance measures limits its accountability. Addressing these shortcomings could enhance their rating and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Financial Communications Society legitimate?
Financial Communications Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Financial Communications Society 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: $173,176
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,137
For more financial information, click here
Official website here: www.thefcs.org
What is the mission statement of Financial Communications Society?
The Financial Communications Society is dedicated to offering educational programs aimed at enlightening and motivating professionals operating within the financial communications market. Their primary objective is to disseminate knowledge and insights about financial communications policies and practices through various events. Over the course of 36 events, approximately 2,450 participants participated in these events, which included breakfasts, lunches, dinners, and virtual sessions.
Official website here: www.thefcs.org
Who is the CEO of Financial Communications Society?
Kevin Windorf is the Chair of Financial Communications Society. The CEO's salary of Financial Communications Society is $125,997 and their total compensation is $166,578.
Official website here: www.thefcs.org
What is the revenue of Financial Communications Society?
Financial Communications Society's revenue in 2022 was $1,540,360.
Official website here: www.thefcs.org
Who are the executives of Financial Communications Society and what are their salaries?
The average compensation at Financial Communications Society during 2022 was $73,438. There are 3 employees and 50 volunteers at Financial Communications Society.
Here are 26 key members and their salaries (Financial Communications Society's CEO's salary is $125,997 and their total compensation is $166,578):
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- Compensation: $125,997
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- Other: $40,581
Official website here: www.thefcs.org
Where can I find the form 990 for Financial Communications Society?
Financial Communications Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thefcs.org
Learn more at the official website: www.thefcs.org
Mission Statement of Financial Communications Society
The Financial Communications Society, a renowned organization, is committed to enriching and inspiring professionals within the financial communications market. Its primary objective is to serve as a platform for information and education, fostering a deeper understanding of policies and practices in the financial communications sector. Through various events, the Society attracts approximately 2,450 participants annually, engaging them in breakfasts, luncheons, dinners, and other gatherings, both in-person and virtually. These events provide a valuable opportunity for professionals to stay informed about the latest trends and developments in the field, ultimately enhancing their expertise and professional growth.
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Impact
October, 2024
The Financial Communications Society plays a crucial role in shaping the landscape of financial communications by offering programs that inform, educate, and inspire industry professionals. With a focus on enhancing knowledge and practices within the field, the Society organized 36 events that attracted approximately 2,450 participants, fostering a vibrant community dedicated to continuous learning.
These events—spanning breakfasts, lunches, dinners, and virtual gatherings—serve as vital forums for professionals to exchange ideas, gain insights into current policies, and discuss best practices in financial communications. By facilitating networking opportunities and providing access to expert knowledge, the Society empowers its members to navigate the complexities of financial communication effectively.
Through its initiatives, the Society not only enhances individual expertise but also contributes to community improvement within the financial communications sector, ensuring that professionals are well-equipped to meet the evolving challenges of the industry. Ultimately, the Financial Communications Society fosters a collaborative environment that encourages innovation and excellence among its members.
This information is meant to be a general summary of Financial Communications Society. 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 2022.
- Investment Income: $15
- Program Service Revenue: $1,151,740
- Gross Receipts: $1,540,360
Assets and Liabilities:
- Total Assets: $738,320
- Total Liabilities: $131,212
- Net Assets: $607,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$1,024,310
MEMBERSHIP FEES
Revenue
$127,430
Organization Details
Founding Year
1992
Phone
(908) 858-0427Principal Officer
Kevin Windorf
Main Address
529 HANFORD PLACE, WESTFIELD, NJ, 07090
Website
www.thefcs.orgNTEE Category
Code: S41Z - Community improvement
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