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Cfa Society Of Minnesota

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

EIN: 411861989 ✦ Minneapolis, MN ✦ Designated as a 501(c)(6)

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Overview

What is Cfa Society Of Minnesota?

Cfa Society of Minnesota is a distinguished nonprofit organization situated in Minneapolis, Minnesota. Their primary mission is to uphold professional excellence, promote ethical conduct, and foster fellowship among its members. They achieve this through a variety of development and engagement opportunities. The society hosts professional learning events, typically held in the evening or morning, covering current industry topics and best practices. These events cater to both their members, other professionals, and students, with speakers often being industry representatives from both local and national backgrounds. In the fiscal year 2022 alone, they organized over 39 in-person and virtual events, engaging over 1,200 attendees. The organization, with a workforce of just three individuals, maintains a strong commitment to their mission.


Official website here: www.cfamn.org

Is Cfa Society Of Minnesota legitimate?

Cfa Society Of Minnesota is a legitimate nonprofit organization registered as a 501(c)(6) entity. Cfa Society Of Minnesota 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: $102,432
Professional Fundraising Fees: $0
Other Salaries and Wages: $84,485

For more financial information, click here


Official website here: www.cfamn.org

What is the mission statement of Cfa Society Of Minnesota?

The Cfa Society of Minnesota's mission is focused on promoting professional growth while emphasizing ethical conduct and camaraderie. They achieve this goal through providing development and engagement opportunities for their members. This includes hosting professional learning events throughout their active months, offering a variety of programs that cover current industry topics and best practices. These events are typically held in the evening or at breakfast, and they welcome not only society members but also other industry professionals and students. The speakers at these events are often representatives from the financial services industry, both locally and nationally. In the 2021-2022 fiscal year, the society organized over 39 in-person and virtual events, which were attended by more than 1,200 individuals.


Official website here: www.cfamn.org

Who is the CEO of Cfa Society Of Minnesota?

Shannon Schaaf is the President of Cfa Society Of Minnesota.


Official website here: www.cfamn.org

What is the revenue of Cfa Society Of Minnesota?

Cfa Society Of Minnesota's revenue in 2022 was $488,537.


Official website here: www.cfamn.org

Who are the executives of Cfa Society Of Minnesota and what are their salaries?

The average compensation at Cfa Society Of Minnesota during 2022 was $62,306. There are 3 employees and 100 volunteers at Cfa Society Of Minnesota.


Here are 16 key members and their salaries:


Kate Lyons (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Britton (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Gilbertson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cory Markling (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris May (Immediate Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christy Bipes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Carter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Crandall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Stern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Grimes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Kasmin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Levy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Rem (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Scheif (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Slegh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Salter (Excutive Director)
  • Compensation: $97,806
  • Related: $0
  • Other: $1,873


Official website here: www.cfamn.org

Where can I find the form 990 for Cfa Society Of Minnesota?

Cfa Society Of Minnesota's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cfamn.org

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

Mission Statement of Cfa Society Of Minnesota

The CFA Society of Minnesota is committed to advancing professional excellence in the financial services industry. They achieve this mission by offering development and engagement opportunities for their members. This organization emphasizes ethical behavior and fellowship, fostering a sense of community among its members and other industry professionals. Their mission is brought to life through a variety of professional learning events held throughout the active months of the year. These events, often taking place in the evening or at breakfast, provide valuable updates on current industry topics and best practices. Speakers at these events are industry experts, both local and national, sharing their insights and knowledge with attendees, which includes members, other professionals, and students. In the 2021-2022 fiscal year alone, the CFA Society of Minnesota organized over 39 such events, attracting more than 1,200 participants.

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Impact




October, 2024

CFA Society of Minnesota significantly enhances the professional landscape in the financial services industry by providing numerous opportunities for learning and engagement. Throughout the fiscal year 2022, the society successfully organized over 39 professional learning events, attracting more than 1,200 attendees. These events, held from September through June, cover a range of current industry topics and best practices, catering not only to members but also to other industry professionals and students.

The society fosters an environment that emphasizes professionalism and ethical behavior, promoting a strong network of fellowship among its members. By inviting speakers from both local and national financial services sectors, it enriches the community's knowledge base and practical insights, thereby directly impacting the standards of practice within the industry. Overall, CFA Society of Minnesota plays a crucial role in advancing professional excellence in the Minneapolis area, contributing to the continuous improvement of financial services.




This information is meant to be a general summary of Cfa Society Of Minnesota. 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
$488,537 (2022)
Expenses
$414,416 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $899
  • Program Service Revenue: $472,688
  • Gross Receipts: $488,537

Assets and Liabilities:

  • Total Assets: $646,817
  • Total Liabilities: $224,917
  • Net Assets: $421,900

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Programs

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

Membership Dues

Revenue

$156,358

CFA Institute Support

Revenue

$128,408

Registration and Event

Revenue

$125,808

Sponsorships

Revenue

$62,114

Organization Details

Founding Year

1952

Principal Officer

Shannon Schaaf

Main Address

121 South 8th Street 825, Minneapolis, MN, 55402

NTEE Category

Code: S41 - Community improvement

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