Financial Managers Society

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

EIN: 362602578 ✦ Mclean, VA ✦ Designated as a 501(c)(6)

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Overview

What is Financial Managers Society?

The Financial Managers Society is a nonprofit organization situated in McLean, Virginia. With a modest workforce of 4 individuals, this organization is dedicated to fostering excellence in financial management and supporting the continuous professional growth of its members. They achieve this through annual events, such as their Finance and Accounting Forum, which draws around 250-275 attendees and features 21 educational sessions and a business trade show with 35 exhibitors. The forum caters to various segments of their membership, including CFOs, Controllers, Risk Managers, Internal Auditors, Treasurers and Investment Officers, and CEOs. The organization's primary purpose is to promote high standards in financial management and advocate for the professional advancement of its members, which are primarily executives from financial institutions.


Official website here: www.fmsinc.org

Is Financial Managers Society legitimate?

Financial Managers Society is a legitimate nonprofit organization registered as a 501(c)(6) entity. Financial Managers 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: $201,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $119,459

For more financial information, click here


Official website here: www.fmsinc.org

What is the mission statement of Financial Managers Society?

The Financial Managers Society's mission is centered around promoting excellence in financial management and fostering professional growth among its members, primarily executives from financial institutions. To achieve this, the organization focuses on sponsoring educational seminars, conferences, and publishing educational materials. The society's objectives include furthering the professional development and maintaining high standards of practice for its members. To accomplish these objectives, they organize annual events like the Finance and Accounting Forum, which offers educational sessions tailored to various segments of their membership, such as CFOs, Controllers, and Treasurers.


Official website here: www.fmsinc.org

Who is the CEO of Financial Managers Society?

Alana Vartanian is the Chairman of Financial Managers Society. The CEO's salary of Financial Managers Society is $187,876 and their total compensation is $201,100.


Official website here: www.fmsinc.org

What is the revenue of Financial Managers Society?

Financial Managers Society's revenue in 2022 was $1,651,607.


Official website here: www.fmsinc.org

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

The average compensation at Financial Managers Society during 2022 was $80,140. There are 4 employees and 28 volunteers at Financial Managers Society.


Here are 15 key members and their salaries (Financial Managers Society's CEO's salary is $187,876 and their total compensation is $201,100):


Scott Baranowski (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ferdinand Viaud (Chairman-Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marianne Cacciola (Immediate Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Croll (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Bishop (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terri Degner (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danialle Evans (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelsey Marquis (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sally Kaldas (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Haberland (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Ridgway (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Mincemoyer (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Hildenbrand (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Zimmerman Jr (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alana Vartanian (President And Ceo)
  • Compensation: $187,876
  • Related: $0
  • Other: $13,224


Official website here: www.fmsinc.org

Where can I find the form 990 for Financial Managers Society?

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


Official website here: www.fmsinc.org

Learn more at the official website: www.fmsinc.org

Mission Statement of Financial Managers Society

The Financial Managers Society, a prominent organization, is committed to advancing the professional growth of its members, who predominantly hold executive positions in financial institutions. Its mission is twofold: to promote high standards of financial management and facilitate the ongoing development of its members. To achieve these objectives, the Society invests in educational seminars and conferences and publishes informative materials. By doing so, it seeks to elevate the practice of its members, ensuring they stay updated with the latest trends and best practices in the field.

To fulfill this mission, the Financial Managers Society organizes annual events like the Finance and Accounting Forum. This event draws in a considerable crowd, with around 250-275 individuals attending every year. The forum features over 21 sessions of educational programming, catering to various segments of the Society's membership. These sessions are meticulously designed to cater to the unique needs of CFOs, Controllers, Risk Managers and Internal Auditors, Treasurers and Investment Officers, and CEOs. By providing this comprehensive educational experience, the Financial Managers Society is able to equip its members with the necessary skills and knowledge to excel in their respective roles.

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Impact




October, 2024

The Financial Managers Society significantly impacts the financial management landscape by promoting high standards and fostering professional development among its members, primarily executives from financial institutions. Their annual Finance and Accounting Forum serves as a pivotal event, drawing 250-275 attendees who engage in over 21 educational sessions tailored specifically for various roles within the finance sector, including CFOs, Controllers, Risk Managers, Internal Auditors, Treasurers, Investment Officers, and CEOs.

This forum not only facilitates knowledge sharing but also features a business trade show with 35 exhibitor booths, enhancing networking opportunities and enabling members to stay abreast of industry advancements and best practices. By sponsoring educational seminars, conferences, and publishing relevant materials, the Society actively contributes to the continuous professional growth of its members. Through these initiatives, it elevates the overall standards of financial management, directly benefiting both individual careers and the broader financial community.




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

Revenue
$1,651,607 (2022)
Expenses
$1,107,197 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $42
  • Program Service Revenue: $1,624,634
  • Gross Receipts: $1,651,607

Assets and Liabilities:

  • Total Assets: $1,611,173
  • Total Liabilities: $867,651
  • Net Assets: $743,522

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Programs

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

Conferences/meetings

Revenue

$855,085

Membership dues

Revenue

$634,781

Partnership program

Revenue

$128,178

Technical publications

Revenue

$6,590

Organization Details

Founding Year

1966

Principal Officer

Alana Vartanian

Main Address

7918 Jone Branch Dr 4th Floor, McLean, VA, 22102

NTEE Category

Code: S41 - Community improvement

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