Overview
What is Foundation For Financial Service Professionals?
The Foundation for Financial Service Professionals, established in 1982 as a charitable organization under IRC section 501(c)(3), was initiated by the leadership of the Society of Financial Service Professionals. Its primary objective is to nurture research and education in the financial services sector. This nonprofit organization strives to augment the knowledge base and better the professional development of individuals working in this field. Although the detailed activities mentioned in the description are not explicitly outlined, it is clear that the Foundation aims to contribute positively to the financial services profession.
Official website here: www.financialprofoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating. This rating indicates a significant concern regarding the overall financial health and effectiveness of the Foundation For Financial Service Professionals. The score is derived entirely from the Accountability & Finance beacon, which suggests a heavy emphasis on these critical areas.
The organization demonstrates strong governance practices, with a majority of independent board members and comprehensive policies in place concerning conflicts of interest, whistleblower protections, and document retention. These factors have earned the foundation full points in several governance-related categories, reflecting a commitment to transparency and accountability.
However, the charity struggles with financial performance metrics, indicated by a low Program Expense Ratio of 31.37% and a concerning Liabilities to Assets Ratio of 24.23%. These figures signal potential inefficiencies in how funds are allocated towards fulfilling the foundation's mission, which may limit its overall impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Financial Service Professionals legitimate?
Foundation For Financial Service Professionals is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Financial Service Professionals submitted a form 990EZ, 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.
Official website here: www.financialprofoundation.org
What is the mission statement of Foundation For Financial Service Professionals?
The Foundation for Financial Service Professionals, established as a charitable organization in 1982 under IRC section 501(c)(3), was initiated by the leadership of the Society of Financial Service Professionals. Its mission is to promote research and education within the financial services sector. The organization aims to advance knowledge and understanding in this field, thereby fostering growth and improvement. The Foundation's activities are geared towards supporting the professional development of individuals working in finance, ultimately benefiting the broader financial services industry.
Official website here: www.financialprofoundation.org
Who is the CEO of Foundation For Financial Service Professionals?
David M Maola Jd Mba is the Ceo of Foundation For Financial Service Professionals. The CEO's salary of Foundation For Financial Service Professionals is $0 and their total compensation is $0.
Official website here: www.financialprofoundation.org
What is the revenue of Foundation For Financial Service Professionals?
Foundation For Financial Service Professionals's revenue in 2022 was $32,614.
Official website here: www.financialprofoundation.org
Who are the executives of Foundation For Financial Service Professionals and what are their salaries?
Here are 12 key members and their salaries (Foundation For Financial Service Professionals's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.financialprofoundation.org
Where can I find the form 990EZ for Foundation For Financial Service Professionals?
Foundation For Financial Service Professionals's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.financialprofoundation.org
Learn more at the official website: www.financialprofoundation.org
Mission Statement of Foundation For Financial Service Professionals
The Foundation for Financial Service Professionals, established in 1982 as a charitable organization under IRC section 501(c)(3), was brought into existence by the leadership of the Society of Financial Service Professionals. With a mission at its core, this organization aims to foster research and education within the financial services sector. By doing so, it seeks to contribute positively to the professional development of individuals working in this field. The Foundation for Financial Service Professionals serves as a catalyst for advancement, promoting knowledge and skills that are essential for navigating the complex world of finance.
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Impact
August, 2024
The Foundation for Financial Service Professionals has a significant impact in the field of financial services by fostering research, education, and professional development. Through its initiatives, the foundation helps to improve the knowledge and skills of financial service professionals, ultimately benefiting individuals and businesses seeking sound financial advice and services. The foundation's work contributes to the overall professionalism and credibility of the financial services industry, helping to ensure that clients receive high-quality advice and service from well-trained professionals.
This information is meant to be a general summary of Foundation For Financial Service Professionals. 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: $5,866
- Gross Receipts: $99,618
Assets and Liabilities:
- Total Assets: $218,248
- Total Liabilities: $62,673
- Net Assets: $155,575
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Organization Details
Phone
(610) 526-2500Principal Officer
David M Maola Jd Mba
Main Address
10 E ATHENS AVENUE 224, ARDMORE, PA, 19003
NTEE Category
Code: B82 - Education
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