Overview
What is The Institute Of Business & Finance?
The Institute of Business & Finance, located in San Diego, California, is a nonprofit organization dedicated to the education and professional development of individuals in the financial services sector. Their mission is to promote integrity, continuous improvement, and exceptional client service within this field. They achieve this by offering designation, certification, and degree programs. The organization's goal is to improve the professionalism of financial advisors, thereby enabling them to provide unbiased information about investing, insurance, and various aspects of financial planning. With a team of three dedicated individuals, The Institute of Business & Finance plays a significant role in elevating the standards of the financial advisory profession.
Official website here: www.icfs.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Score: 66%, Two-Star out of Four Stars. The Institute Of Business & Finance has received a two-star rating, indicating that while the organization shows strength in accountability and financial practices, there are significant areas that require improvement. The charity has achieved a perfect score in accountability and finance; however, its overall rating reflects concerns related to governance.
One of the notable strengths of this organization is its excellent performance in financial management, evidenced by a program expense ratio of 100%, meaning all expenditures are directed towards its programs. Additionally, it has policies in place regarding conflict of interest, whistleblower protection, and document retention, which demonstrates a commitment to operational integrity.
However, the organization faces challenges in governance, as evidenced by a low percentage of independent board members and a lack of comprehensive financial statements. With only 33% of its board being independent and a single independent board member, this raises questions about oversight. These governance issues contribute to the overall "needs improvement" rating, suggesting that stakeholders should seek more transparency and better board composition to bolster trust and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Institute Of Business & Finance?
While The Institute Of Business & Finance currently has a limited number of reviews, the feedback suggests a positive reception among those who have experienced its offerings. One reviewer highlighted that IBF provides a solid foundation for specialization in various aspects of financial practice, indicating that the nonprofit effectively delivers valuable educational resources.
Although there are only two reviews with no overall rating yet established, the single recommendation reinforces a sense of satisfaction with the services being provided. As IBF continues to engage with its audience, further feedback could provide a clearer picture of its impact within the community.
This AI summary has been generated from reviews found on Facebook.
Is The Institute Of Business & Finance legitimate?
The Institute Of Business & Finance is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Institute Of Business & Finance 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $210,751
For more financial information, click here
Official website here: www.icfs.com
What is the mission statement of The Institute Of Business & Finance?
The Institute of Business & Finance's mission is centered around enhancing the professionalism of financial advisors. They achieve this through various means, including designation, certification, and degree programs. These programs are designed to foster integrity, a dedication to ongoing improvement, and an emphasis on delivering exceptional client service. The primary objective of IBF is to educate individuals within the financial services sector, enabling them to provide impartial, unbiased information about investing, insurance, and other aspects of financial planning.
Official website here: www.icfs.com
Who is the CEO of The Institute Of Business & Finance?
Cory Bowman is the President of The Institute Of Business & Finance.
Official website here: www.icfs.com
What is the revenue of The Institute Of Business & Finance?
The Institute Of Business & Finance's revenue in 2022 was $605,432.
Official website here: www.icfs.com
Who are the executives of The Institute Of Business & Finance and what are their salaries?
The average compensation at The Institute Of Business & Finance during 2022 was $70,250. There are 3 employees at The Institute Of Business & Finance.
Here are 3 key members and their salaries:
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.icfs.com
Where can I find the form 990 for The Institute Of Business & Finance?
The Institute Of Business & Finance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.icfs.com
Learn more at the official website: www.icfs.com
Mission Statement of The Institute Of Business & Finance
The Institute of Business & Finance, in its mission, strives to elevate the professionalism of financial advisors. This is achieved through the provision of designation, certification, and degree programs. These programs are intentionally crafted to cultivate qualities such as integrity, a dedication to constant improvement, and an unwavering commitment to delivering exceptional client service. The ultimate goal of IBF is to educate individuals within the financial services sector, enabling them to disseminate impartial, unbiased information concerning investing, insurance, and various aspects of financial planning.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Institute of Business & Finance has a significant impact in the financial services community by enhancing the professionalism of financial advisors through designation, certification, and degree programs. This translates to a higher standard of integrity, continuous improvement, and exceptional client service among its members. By educating financial professionals, IBF ensures that they can provide neutral and unbiased information about investing, insurance, and other aspects of financial planning. This commitment to excellence not only benefits the members of IBF but also improves the quality of financial advice and services provided to clients.
This information is meant to be a general summary of The Institute Of Business & Finance. 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.
- Program Service Revenue: $605,432
- Gross Receipts: $605,432
Assets and Liabilities:
- Total Assets: $492,878
- Total Liabilities: $0
- Net Assets: $492,878
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Educational Materials
Revenue
$605,432
Organization Details
Founding Year
2009
Phone
(800) 848-2029Principal Officer
Cory Bowman
Main Address
PO Box 371243, San Diego, CA, 92137
Website
www.icfs.comNTEE Category
Code: B99 - Education
If you are a representative of The Institute Of Business & Finance and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.