Overview
What is Government Finance Officers Association The United States & Canada?
The Government Finance Officers Association The United States & Canada, based in Chicago, Illinois, is a nonprofit organization dedicated to promoting excellence in financial management for state and local governments. With a team of 71 employees, they conduct research and consulting on various finance and administration issues, publishing insights to their 22,100 members and the public through Government Finance Review. Their mission is to enhance the financial management practices within the public sector, providing valuable resources to government officials and professionals, and ultimately contributing to the overall improvement of state and local financial systems.
Official website here: www.gfoa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 81% (Three-Star out of Four Stars )ating)
The Government Finance Officers Association (GFOA) has received a score of 81%, which translates to a Three-Star rating on Charity Navigator. This score is based solely on the organization's Accountability & Finance metrics, highlighting its commitment to responsible financial management. An important aspect of this rating is its full score in areas such as independent board membership and financial oversight, indicating strong governance practices.
Strengths of the GFOA include 100% of its board members being independent, which fosters unbiased decision-making. Additionally, it has demonstrated excellent financial health with a program expense ratio of 84.70%, meaning a significant portion of its expenses directly supports its programs. The organization also has comprehensive policies in place, including conflict of interest, whistleblower protection, and document retention, reflecting its dedication to transparency and accountability.
While the organization has performed well in governance and finance, the overall rating is based solely on the Accountability & Finance beacon. This limits the understanding of its impact and effectiveness in fulfilling its mission. Nevertheless, the robust financial practices and strong oversight suggest that GFOA is a trustworthy nonprofit making positive contributions to its field.
This AI summary has been generated from information found on Charity Navigator.
Is Government Finance Officers Association The United States & Canada legitimate?
Government Finance Officers Association The United States & Canada is a legitimate nonprofit organization registered as a 501(c)(3) entity. Government Finance Officers Association The United States & Canada 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: $2,603,431
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,343,049
For more financial information, click here
Official website here: www.gfoa.org
What is the mission statement of Government Finance Officers Association The United States & Canada?
The Government Finance Officers Association (GFOA) strives to promote excellence in the financial management of state and local governments. Their mission is centered around advancing the knowledge and skills of government finance professionals. The Research and Consulting Center of the association conducts research and publishes findings on various public sector finance and administration issues. These publications are accessible to government officials and the wider public, providing valuable insights to the finance community. GFOA's efforts aim to improve financial management practices and contribute to the overall effectiveness and efficiency of government operations.
Official website here: www.gfoa.org
Who is the CEO of Government Finance Officers Association The United States & Canada?
Christopher P Morrill is the President of Government Finance Officers Association The United States & Canada. The CEO's salary of Government Finance Officers Association The United States & Canada is $394,268 and their total compensation is $454,078.
Official website here: www.gfoa.org
What is the revenue of Government Finance Officers Association The United States & Canada?
Government Finance Officers Association The United States & Canada's revenue in 2022 was $17,942,494.
Official website here: www.gfoa.org
Who are the executives of Government Finance Officers Association The United States & Canada and what are their salaries?
The average compensation at Government Finance Officers Association The United States & Canada during 2022 was $111,922. There are 71 employees and 1500 volunteers at Government Finance Officers Association The United States & Canada.
Here are 34 key members and their salaries (Government Finance Officers Association The United States & Canada's CEO's salary is $394,268 and their total compensation is $454,078):
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- Compensation: $394,268
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- Compensation: $217,369
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- Other: $34,780
Official website here: www.gfoa.org
Where can I find the form 990 for Government Finance Officers Association The United States & Canada?
Government Finance Officers Association The United States & Canada's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gfoa.org
Learn more at the official website: www.gfoa.org
Mission Statement of Government Finance Officers Association The United States & Canada
The Government Finance Officers Association (GFOA) is dedicated to promoting excellence in the financial management of state and local governments in the United States and Canada. As a leading organization in this field, GFOA's mission is to advance the profession by providing research, consulting, and publications.
GFOA's Research and Consulting Center is a key component of its operations. This center conducts research and consulting on various public sector finance and administration issues. The findings of this research are disseminated to over 22,100 members of the government finance profession, government officials, and the general public. The publications produced by GFOA are a valuable resource for individuals seeking to improve their understanding of public finance and administration.
The purpose of GFOA's research and publications is to inform and educate. By sharing knowledge and best practices, GFOA aims to help state and local governments make informed decisions and improve their financial management practices. The organization's publications cover a range of topics, including budgeting, financial reporting, debt management, and revenue management. Through its research and consulting services, GFOA provides valuable insights and guidance to help government agencies navigate the complexities of financial management.
In summary, the Government Finance Officers Association (GFOA) is a leading organization dedicated to advancing excellence in state and local government financial management. Through its Research and Consulting Center, GFOA conducts research, consulting, and publishes findings on various public sector finance and administration issues. These resources are invaluable to government officials and finance professionals seeking to improve their financial management practices.
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Impact
October, 2024
The Government Finance Officers Association (GFOA) plays a crucial role in enhancing the financial management practices of state and local governments across the United States and Canada. By advancing excellence in governmental finance, GFOA contributes to more effective, transparent, and accountable public administration.
Through its Research and Consulting Center, GFOA provides valuable insights and solutions concerning various issues in public sector finance and administration. Their research findings, disseminated to over 22,100 members and made accessible to all government professionals and the public, serve as essential resources for improving fiscal policies and practices.
The association’s commitment to education and professional development fosters a culture of continuous improvement among finance officers. By offering resources, training, and best practices, GFOA helps build the capacity of financial management professionals, enabling them to better serve their communities.
Moreover, GFOA’s role in promoting high standards of financial reporting and accountability directly impacts public trust in government. Its publications, including the Government Finance Review, inform stakeholders on contemporary financial issues and underscore the importance of ethical financial management.
In summary, GFOA’s impact is multifaceted, enhancing financial governance in the public sector, supporting professional excellence, and ultimately benefiting the communities served by its members.
This information is meant to be a general summary of Government Finance Officers Association The United States & Canada. 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: $159,741
- Program Service Revenue: $16,394,092
- Gross Receipts: $18,351,956
Assets and Liabilities:
- Total Assets: $21,140,816
- Total Liabilities: $12,700,028
- Net Assets: $8,440,788
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$4,082,702
Training & Annual Conference
Revenue
$4,029,063
Award Programs
Revenue
$3,744,003
Consulting
Revenue
$3,740,513
Subscriptions
Revenue
$502,164
Organization Details
Founding Year
1932
Phone
(312) 977-9700Principal Officer
Christopher P Morrill
Main Address
203 N LaSalle St Suite 2700, Chicago, IL, 60601
Website
www.gfoa.orgNTEE Category
Code: W22C - Public benefit
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