Cause IQ organization profile

Cfa Institute

Form 990s | Financials | Vendors | Personnel | Peers

Cfa Institute is a professional association based in Charlottesville, VA that was founded in 1986. As of 2017 they had $321 million in revenue and $527 million in assets.

Cfa institute is the global, non-profit professional association that administers the chartered financial analyst (cfa) and certificate in investment performance measurement (cipm), and claritas investment certificate curriculum and examination progra...

EIN:
54-1386480
Location:
Charlottesville, VA
Type:
501(c)(6)
NTEE:
S41: Promotion of Business
Revenue:
$321,638,470
Assets:
$527,428,614
Employees:
1,307
Founded:
1986

Form 990s for Cfa Institute

Fiscal year endingDate received by IRSFormPDF link
2017-08May 14, 2018990 PDF
2016-08Aug 23, 2017990O PDF
2015-08Jul 27, 2016990O PDF
2014-08Jul 29, 2015990O PDF
2013-08Jul 28, 2014990O PDF
...and three more Form 990 PDFs

Financials for Cfa Institute

Revenues

Field2017
Federated campaigns$0
Membership dues$0
Fundraising event contributions$0
Related organizations$0
Government grants (contributions)$0
Normal grants, contributions, etc.$0
Non-cash contributions$0
Program services$310,654,368
Investment income and dividends$10,465,625
Tax-exempt bond proceeds$0
Royalty revenue$521,651
Net rental income$0
Net gain from sale of non-inventory assets$-1,129,221
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,126,047
Total revenues$321,638,470

Expenses

Field2017
Grants to govts. and orgs. in USA$6,550,696
Grants to individuals in USA$0
Grants to govts., orgs., and individuals outside USA$7,082,167
Benefits paid to or for members$0
Compensation of current officers, etc.$7,926,383
Compensation not included above, to disqualified persons$0
Non-officer salaries and wages$69,681,722
Pension/retirement accruals and contributions$7,013,298
Other employee benefits$9,623,695
Payroll taxes$3,898,435
Management fees$0
Legal fees$4,616,475
Accounting fees$5,443,401
Lobbying fees$419,064
Pro. fundraising fees$0
Investment mgmt fees$166,136
Other fee-for-service$9,999,456
Advertising and promotion$30,142,331
Office expenses$22,616,025
Information tech. expenses$16,557,838
Royalty expenses$157,425
Occupancy$9,241,799
Travel$30,685,601
Public official travel and entertainment$0
Conferences, meetings, etc.$6,713,321
Interest$3,118
Payments to affiliates$0
Depreciation, amortization, etc.$6,849,615
Insurance$1,759,472
All other expenses$46,083,270
Total expenses$303,230,743

Assets

Field2017
Cash (non-interest-bearing)$17,215,326
Savings, short-term investments, etc.$67,681,647
Pledges and grants receivable$0
Accounts receivable$5,592,724
Loans receivable from officers, directors, etc.$0
Loans receivable from other disqualified persons$0
Notes and loans receivable$0
Inventories for use$1,465,154
Prepaid expenses and deferred charges$15,083,655
Buildings, equipment, etc. post-depreciation$4,949,984
Investments, publicly traded securities$386,790,882
Investments, other securities$0
Investments, program-related$0
Intangible assets$16,180,576
Other assets$12,468,666
Total assets$527,428,614

Liabilities

Field2017
Accounts payable and accrued expenses$39,047,179
Grants payable$0
Deferred revenue$196,325,729
Tax-exempt bond liabilities$0
Escrow or custodial account liability$0
Loans payable to officers and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other liabilities$9,818,320
Total liabilities$245,191,228

Net asset restrictions

Field2017
Unrestricted net assets$282,237,386
Temporarily restricted net assets$0
Permanently restricted net assets$0

Performance indicators

Field2017
Total margin5.7%
Working capital$-128,334,402
Current assets$107,038,506
Current liabilities$235,372,908
Days cash on hand102 days
Acid test liquidity ratio0.38

Vendors for Cfa Institute

VendorServicesAmount paidDate
SalesforceCRM software2018-06-25
██████████████████████ ███Tax accounting; Audit accounting2018-04-06
█████████ ██████████ █████████Consulting$5,545,6992017-08-01
██████████ ███████ ███Marketing$14,970,4192017-08-01
██████████ ███Merchant Services$8,120,2452017-08-01
████████████ ███████████ ████████Exam Administration$4,616,3742017-08-01
█████ ██████ ████████████ ███Curriculum$3,988,0502017-08-01
████ █████████ ████████ ███Insurance agent or broker$10,8702016-12-31
...and three more vendors

Personnel at Cfa Institute

NameTitleCompensationMost recent data
Leah R. BennettPresident and Chief Executive Officer-July 12, 2019
████ █████Cfa President and Chief Executive Officer$1.3 millionJuly 12, 2019
█████ █████President and Chief Executive Officer-July 12, 2019
█████ ██████Cfa Managing Director and Chief Financial Officer / Managing Director and Chief Financial Officer / Chief Financial Officer - Entered 1 and 17 and 2017$0July 12, 2019
██████ ██████Interim Chief Financial Officer$523,760Aug. 31, 2017
███████ █ ██████████Chief Financial Officer and Senior Adv - Exit 8 and 2016$675,636Aug. 31, 2017
██████ █████Managing Director and Chief Information Officer$529,215Jan. 15, 2019
████████ ████████Interim Chief Information Officer / Head , Information Technology Solutions Delivery-July 12, 2019
█████ █████ █████████Chief Human Resources Officer-July 12, 2019
███████ ████Chief Compliance Officer-July 12, 2019
...and 23 more key personnel

Peer professional associations

 NameTypeRevenueLocation
1Society for Human Resource Management (SHRM)501(c)(6)$131 millionAlexandria, VA
2American College of Radiology501(c)(3)$109 millionReston, VA
3American Bar Association (ABA)501(c)(6)$149 millionChicago, IL
4College of American Pathologists (CAP)501(c)(6)$212 millionNorthfield, IL
5American Medical Association501(c)(6)$317 millionChicago, IL
6American Dental Association (ADA)501(c)(6)$133 millionChicago, IL
7Same As Above / Project Management Institute (PMI)501(c)(6)$280 millionNewtown Square, PA
8Association of American Medical Colleges501(c)(3)$216 millionWashington, DC
9American Association of State Highway and Transportation Officials (AASHTO)501(c)(3)$84 millionWashington, DC
10Graduate Management Admission Council (GMAC)501(c)(3)$97 millionReston, VA
11American Society of Clinical Oncology (ASCO)501(c)(3)$114 millionAlexandria, VA
12Tennis Australia501(c)(6)$320 millionAustralia,
13American Academy of Family Physicians501(c)(6)$91 millionLeawood, KS
14Healthcare Information and Management Systems Society (HIMSS)501(c)(6)$88 millionChicago, IL
15United States Tennis Association (USTA)501(c)(6)$259 millionWhite Plains, NY
16Massachusetts Medical Society501(c)(6)$145 millionWaltham, MA
17American Hospital Association501(c)(6)$137 millionChicago, IL
18National Association of Broadcasters (NAB)501(c)(6)$112 millionWashington, DC
19American Association for Cancer Research Inc501(c)(3)$115 millionPhiladelphia, PA
20United States Golf Association (USGA)501(c)(3)$206 millionFar Hills, NJ
21American Academy of Pediatrics (AAP)501(c)(3)$126 millionElk Grove Village, IL
22National Council of State Boards of Nursing (NCSBN)501(c)(3)$91 millionChicago, IL
23Practising Law Institute (PLI)501(c)(3)$88 millionNew York, NY
24American Chemical Society501(c)(3)$600 millionWashington, DC
25American Society of Mechanical Engineers (ASME)501(c)(3)$96 millionNew York, NY

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