Cause IQ organization profile

CFA Institute

Form 990s | Financials | Vendors | Personnel | Peers

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

CFA Institute is a global community of more than 100,000 investment professionals working to build an investment industry where investors' interests come first, financial markets function at their best, and economies grow.

Previous legal names or variations of their name include: Cfa Inst.

Charlottesvle, VA
S41: Promotion of Business

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


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


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
Public official travel and entertainment$0
Conferences, meetings, etc.$6,713,321
Payments to affiliates$0
Depreciation, amortization, etc.$6,849,615
All other expenses$46,083,270
Total expenses$303,230,743


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


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

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

Performance indicators

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

NameTitleCompensationLast updated
Paul Smith, CfaPresident and Chief Executive Officer$1.3 millionMay 4, 2018
█████ ███████ ███Chief Financial Officer and Managing Director$0Aug. 31, 2017
██████ ██████Interim Chief Financial Officer - Effective 3 and 2016$523,760Aug. 31, 2017
███████ █ ██████████Chief Financial Officer and Senior Adv - Exit 8 and 2016 / Chief Financial Officer and Senior Adv - Exited 8 and 2016$675,636Aug. 31, 2017
██████ █████Managing Director and Chief Information Officer$529,215Aug. 31, 2017
█████ █████████Chief Compliance, Risk, and Ethics Officer$322,853Aug. 31, 2017
█████ ████████████ ██Managing Director and Chief Legal Officer$446,724Aug. 31, 2017
█████ ███████Managing Director, Stakeholders, Advocacy, and Communications$351,670Aug. 31, 2017
█████ ████████Managing Director - Exit 12 and 2016$360,085Aug. 31, 2017
████ ██ ███████ ███Managing Director, Americas$508,805Aug. 31, 2017
...and 41 more key personnel

Peer professional associations

1Society for Human Resource Management (SHRM)501(c)(6)$120 millionAlexandria, VA
2Project Management Institute (PMI)501(c)(6)$183 millionNewtown Sq, PA
3American Bar Association (ABA)501(c)(6)$147 millionChicago, IL
4Graduate Management Admission Council (GMAC)501(c)(3)$97 millionReston, VA
5United States Tennis Association (USTA)501(c)(6)$259 millionWhite Plains, NY
6Massachusetts Medical Society501(c)(6)$129 millionWaltham, MA
7American Medical Association (AMA)501(c)(6)$317 millionChicago, IL
8American Dental Association (ADA)501(c)(6)$123 millionChicago, IL
9American Hospital Association (AHA)501(c)(6)$129 millionChicago, IL
10College of American Pathologists (CAP)501(c)(6)$201 millionNorthfield, IL
11Healthcare Information and Management Systems Society (HIMSS)501(c)(6)$85 millionChicago, IL
12American Institute of Certified Public Accountants (AICPA)501(c)(6)$108 millionDurham, NC
13American Academy of Family Physicians (AAFP)501(c)(6)$100 millionLeawood, KS
14American Management Association International501(c)(3)$89 millionSaranac Lake, NY
15National Council of State Boards of Nursing (NCSBN)501(c)(3)$83 millionChicago, IL
16American Association for Cancer Research (AACR)501(c)(3)$87 millionPhiladelphia, PA
17American Academy of Pediatrics (AAP)501(c)(3)$126 millionItasca, IL
18American Society of Mechanical Engineers (ASME)501(c)(3)$98 millionNew York, NY
19Practising Law Institute (PLI)501(c)(3)$88 millionNew York, NY
20American Chemical Society (ACS)501(c)(3)$532 millionWashington, DC
21Pesi501(c)(3)$83 millionEau Claire, WI
22Institute of Electrical and Electronics Engineers (IEEE)501(c)(3)$482 millionPiscataway, NJ
23American Psychological Association (APA)501(c)(3)$124 millionWashington, DC
24American College of Surgeons (ACS)501(c)(3)$107 millionChicago, IL
25American Arbitration Association (AAA)501(c)(3)$94 millionNew York, NY

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