Financial Managers Society Philadelphia Chapter

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232198324 ✦ Wayne, PA ✦ Designated as a 501(c)(6)

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Overview

What is Financial Managers Society Philadelphia Chapter?

The Financial Managers Society Philadelphia Chapter is a nonprofit organization situated in Wayne, Pennsylvania. With a primary focus on enhancing the professional development of financial personnel within financial institutions, they strive to improve financial management, systems, procedures, accounting, auditing, and data processing techniques. They achieve this by studying best practices, promoting high standards, and providing a forum for information exchange and skill sharing. The organization typically hosts events, such as the annual golf outing, attended by members and sponsors, to accomplish their mission. The August 2021 golf outing, which saw 72 attendees and incurred expenses of $20,839.39, featured a lunch, golf outing, and dinner, with educational sessions on regional economic and banking topics.

Is Financial Managers Society Philadelphia Chapter legitimate?

Financial Managers Society Philadelphia Chapter is a legitimate nonprofit organization registered as a 501(c)(6) entity. Financial Managers Society Philadelphia Chapter 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: $0

For more financial information, click here

What is the mission statement of Financial Managers Society Philadelphia Chapter?

The Financial Managers Society Philadelphia Chapter was incorporated with a mission to explore and enhance the operations, financial management, systems, procedures, accounting, auditing, and data processing techniques used by financial institutions. Their goal is to promote high standards of practice in these areas. Additionally, they aim to foster the professional development of operations and financial executives, controllers, treasurers, accountants, auditors, and systems personnel employed by financial institutions and supportive organizations. They utilize the professional abilities and specialized skills within their membership to improve and coordinate the laws, regulations, and supervisory procedures affecting their members' organizations. Lastly, they provide a platform for the exchange of information and the sharing of experiences among their members.

Who is the CEO of Financial Managers Society Philadelphia Chapter?

Christopher Carroll is the Director of Financial Managers Society Philadelphia Chapter.

What is the revenue of Financial Managers Society Philadelphia Chapter?

Financial Managers Society Philadelphia Chapter's revenue in 2022 was $72,364.

Who are the executives of Financial Managers Society Philadelphia Chapter and what are their salaries?

There 17 volunteers at Financial Managers Society Philadelphia Chapter.


Here are 14 key members and their salaries:


Anna Bogiatzis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John A Carrozza Sr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Duncan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorothy Jaworski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Lloyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Mennie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Mulloy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Croll (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert B Galbreath (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Carroll (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Sundberg (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Thouin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virginia Wright (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Financial Managers Society Philadelphia Chapter?

Financial Managers Society Philadelphia Chapter's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Financial Managers Society Philadelphia Chapter

The Financial Managers Society Philadelphia Chapter, a nonprofit organization, is established with the primary purpose of advancing the professional growth of financial personnel working within financial institutions. The society's mission encompasses several key areas. Firstly, it focuses on examining and improving the operations, financial management, systems, procedures, accounting, auditing, and data processing techniques used by financial institutions. Secondly, the organization strives to promote high standards of practice in these domains. Thirdly, the society aims to foster the professional development of operations and financial executives, controllers, treasurers, accountants, auditors, and systems personnel employed by financial institutions and supportive organizations. Lastly, the Financial Managers Society Philadelphia Chapter utilizes the professional abilities and specialized skills within its membership to enhance and coordinate the laws, regulations, and supervisory procedures affecting the operations of its member organizations. The society serves as a platform for the exchange of information and the sharing of experiences, thereby contributing to the continuous improvement of the financial sector.

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Impact




October, 2024

The Financial Managers Society Philadelphia Chapter significantly enhances the professional development of financial personnel within financial institutions. It serves as a vital resource for professionals in operations, financial management, accounting, auditing, and data processing by promoting high standards of practice and fostering continuous improvement in these fields.

By organizing events such as the annual golf outing, which brings together members and sponsors, the chapter not only facilitates networking opportunities but also provides educational content on regional economic and banking topics. This engagement allows members to share knowledge and insights, ultimately leading to improved practices within their organizations.

The chapter's mission emphasizes utilizing the specialized skills of its members to influence the regulatory and supervisory frameworks that govern financial institutions. This proactive approach ensures that the voices of financial professionals are heard and that industry standards continue to evolve in alignment with best practices.

Overall, the impact of the Financial Managers Society Philadelphia Chapter is reflected in its commitment to professional growth, industry advancement, and community improvement, thereby strengthening the financial sector in the region.




This information is meant to be a general summary of Financial Managers Society Philadelphia Chapter. 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.

Revenue
$72,364 (2022)
Expenses
$73,202 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,333
  • Program Service Revenue: $25,840
  • Gross Receipts: $93,203

Assets and Liabilities:

  • Total Assets: $252,536
  • Total Liabilities: $30,987
  • Net Assets: $221,549

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TOTAL MEETING REVENUES

Revenue

$25,840

Organization Details

Principal Officer

Christopher Carroll

Main Address

656 E Swedesford Road, Wayne, PA, 19087

NTEE Category

Code: S41 - Community improvement

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