Civic Intelligence

Center for Financial Training Atlantic and Central States Inc

990 • Fiscal year 2017 • EIN 06-1367018

Jul 01, 2016 to Jun 30, 2017 • Filed on May 11, 2018

Organization ProfileWWW.CFTACS.ORG

View Organization Page

PO Box 969Norwich, CT 06360

(860) 886-6153

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.25x

Higher debt load relative to assets than 67% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

44th percentile

0.07x

Higher debt load relative to revenue than 44% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

33rd percentile

-2.1%

Higher net margin than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$268,278

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

14th percentile

-7.6%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

40th percentile

1.0%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$909,536

Down $74,648 (-7.6%) from 2016

Net Assets

Down

$680,256

Down $67,561 (-9.0%) from 2016

Liabilities

Down

$229,280

Down $7,087 (-3.0%) from 2016

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin33rd percentile

Revenue

Up

$3,223,325

Up $32,440 (+1.0%) from 2016

Expenses

Up

$3,290,886

Up $76,224 (+2.4%) from 2016

Net Income

Down

-$67,561

Down $43,784 (-184%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $670,668Liabilities 2011: $233,354Net Assets 2011: $437,3142011Assets 2012: $832,346Liabilities 2012: $247,269Net Assets 2012: $585,0772012Assets 2013: $1,024,349Liabilities 2013: $324,807Net Assets 2013: $699,5422013Assets 2014: $1,047,598Liabilities 2014: $280,742Net Assets 2014: $766,8562014Assets 2015: $927,614Liabilities 2015: $156,020Net Assets 2015: $771,5942015Assets 2016: $984,184Liabilities 2016: $236,367Net Assets 2016: $747,8172016Assets 2017: $909,536Liabilities 2017: $229,280Net Assets 2017: $680,2562017Assets 2018: $767,446Liabilities 2018: $220,342Net Assets 2018: $547,1042018Assets 2019: $435,202Liabilities 2019: $142,336Net Assets 2019: $292,8662019Assets 2020: $309,975Liabilities 2020: $253,400Net Assets 2020: $56,5752020Assets 2021: $436,237Liabilities 2021: $47,155Net Assets 2021: $389,0822021Assets 2022: $825,987Liabilities 2022: $908Net Assets 2022: $825,0792022Assets 2023: $1,045,789Liabilities 2023: $2,238Net Assets 2023: $1,043,5512023Assets 2024: $986,106Liabilities 2024: $3,071Net Assets 2024: $983,0352024

Highlighted filing

2017

Assets$909,536
Liabilities$229,280
Net Assets$680,256
Open 2017 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,756,049Expenses 2011: $2,666,189Net Income 2011: $89,8602011Revenue 2012: $3,043,786Expenses 2012: $2,896,023Net Income 2012: $147,7632012Revenue 2013: $3,193,791Expenses 2013: $3,079,326Net Income 2013: $114,4652013Revenue 2014: $3,418,072Expenses 2014: $3,350,758Net Income 2014: $67,3142014Revenue 2015: $3,130,856Expenses 2015: $3,126,118Net Income 2015: $4,7382015Revenue 2016: $3,190,885Expenses 2016: $3,214,662Net Income 2016: -$23,7772016Revenue 2017: $3,223,325Expenses 2017: $3,290,886Net Income 2017: -$67,5612017Revenue 2018: $2,799,949Expenses 2018: $2,933,101Net Income 2018: -$133,1522018Revenue 2019: $2,385,291Expenses 2019: $2,635,122Net Income 2019: -$249,8312019Revenue 2020: $1,630,259Expenses 2020: $1,866,451Net Income 2020: -$236,1922020Revenue 2021: $1,009,039Expenses 2021: $671,741Net Income 2021: $337,2982021Revenue 2022: $1,573,505Expenses 2022: $1,134,127Net Income 2022: $439,3782022Revenue 2023: $1,408,196Expenses 2023: $1,308,542Net Income 2023: $99,6542023Revenue 2024: $1,370,185Expenses 2024: $1,430,700Net Income 2024: -$60,5152024

Highlighted filing

2017

Revenue$3,223,325
Expenses$3,290,886
Net Income-$67,561
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$3,223,325
Mission and Program Overview

Mission

Cft acs is dedicated to providing professionally administered educational programs that will continually meet the needs of the financial services industry of the atlantic and central states.

Providing continuing education programs and seminars in accordance with the expectations of financial institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$553,153$358,962▼ $194,191
Accounts Receivable$159,428$220,628▲ $61,200
Cash and Non-Interest-Bearing Accounts$159,283$195,642▲ $36,359
Land, Buildings, and Equipment, Net$32,700$61,081▲ $28,381
Inventories for Sale or Use$47,473$49,802▲ $2,329
Prepaid Expenses and Deferred Charges$32,147$23,421▼ $8,726
Total Assets$984,184$909,536▼ $74,648
Liabilities
Accounts Payable and Accrued Expenses$236,367$229,280▼ $7,087
Total Liabilities$236,367$229,280▼ $7,087
Net Assets / Fund Balance
Unrestricted Net Assets$747,817$680,256▼ $67,561
Total Net Assets Fund Balance$747,817$680,256▼ $67,561
Total Liabilities and Net Assets / Fund Balance$984,184$909,536▼ $74,648

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$61,081$296,861$357,942
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael MeakemPres. & CEOFT$230,276$38,002$268,278
Scott BriggsSenior Vice PresidentFT$169,676$35,152$204,828
Marta CareySenior Vice PresidentFT$127,485$34,147$161,632

Board Members and Trustees

NameTitle
William WagnerChairman
John PerottiVice Chairman
Brian WallaceDirector
Chris PadgettDirector
Conrad BernierDirector
DAVID O'CONNORDirector
Daniel ForteDirector
Donald DoyleDirector
George ConnorsDirector
Gerald NoonanDirector
Geri KellyDirector
John McweeneyDirector
Marc HendriksonDirector
Ralph SchankDirector
Steve FosterDirector
Lindsey PinkhamSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$29,197
Program Service Revenue
$3,178,670
Investment Income
$15,458
Other Revenue
$0
All Other Contributions
$29,197
Change in Net Assets
$-67,561

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,223,325
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,223,325
Total Revenue per Form 990
$3,223,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,078,111
Salaries, Compensation, and Employee Benefits$1,212,775
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$611,520$103,430-$714,950
Fees for Services Other$458,846$21,845-$480,691
Conferences and Meetings$223,471$36,000-$259,471
Current Officers, Directors, Trustees, and Key Employees-$232,302-$232,302
Other Employee Benefits$119,057$61,979-$181,036
Occupancy$102,482$28,680-$131,162
Office Expenses-$111,738-$111,738
Advertising$38,587$46,334-$84,921
Payroll Taxes$38,695$18,556-$57,251
Depreciation Depletion-$43,814-$43,814
Pension Plan Contributions-$27,236-$27,236
Other Expenses$274,592$24,752-$24,752
Travel$1,844$20,829-$22,673
Insurance-$17,843-$17,843
All Other Expenses-$14,422-$14,422
Information Technology-$5,550-$5,550
Total Functional Expenses$2,436,162$854,724$0$3,290,886

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,290,886
Total Expenses per Audited Statements$3,290,886
Total Expenses per Form 990$3,290,886
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 was distributed via email to all board members prior to the 990 being filed.”

Form 990, Part VI, Section B, Line 12C

“An annual conflict of interest policy disclosure is required for all board members and officers of the company. Additionally, employees are required to annually sign off on a gift policy and disclosure form.”

Form 990, Part VI, Section B, Line 15

“The cftacs personnel committee (primarily bank ceo's serving on our board of directors) reviews all salary and benefits for employees annually prior to the july meeting. Salary recommendations are based upon comparable salary levels for equivalent jobs in the financial services industry.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Center for Financial Training Atlantic
EIN
06-1367018
Phone
8608866153
Address
PO BOX 969, NORWICH, CT 06360

Signing Officer

Name
Michael Meakem
Title
President
Phone
8608866153
Signed
2018-05-11

Organization Details

Principal Officer
Michael Meakem
Formed
1993
Legal Domicile
Ct
Voting Board Members
17
Independent Board Members
16
Employees
11
Volunteers
150

Preparer

Firm
SEWARD AND MONDE CPA'S
Address
296 STATE STREET, NORTH HAVEN, CT 06473-2165
Preparer
Louis a Criscuolo
Phone
2032489341
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Slef study instructor pay : program service expenses 14,450. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,450. Correspond course expenses: program service expenses 89,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 89,400. In-bank training expenses: program service expenses 202,826. Management and general expenses 0. Fundraising expenses 0. Total expenses 202,826. Regular course expenses: program service expenses 35,830. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,830. Seminar speaker fees : program service expenses 116,340. Management and general expenses 0. Fundraising expenses 0. Total expenses 116,340. Accreditation fee : program service expenses 0. Management and general expenses 13,592. Fundraising expenses 0. Total expenses 13,592. Miscellaneous fees expense : program service expenses 0. Management and general expenses 2,398. Fundraising expenses 0. Total expenses 2,398. Payroll service fee : program service expenses 0. Management and general expenses 5,855. Fundraising expenses 0. Total expenses 5,855.”

Raw XML AppendixShowing 400 of 561 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0236367
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0229280
IRS990/AccountsReceivableGrp/BOYAmt0159428
IRS990/AccountsReceivableGrp/EOYAmt0220628
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDING CONTINUING EDUCATION PROGRAMS AND SEMINARS IN ACCORDANCE WITH THE EXPECTATIONS OF FINANCIAL INSTITUTIONS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt046334
IRS990/AdvertisingGrp/ProgramServicesAmt038587
IRS990/AdvertisingGrp/TotalAmt084921
IRS990/AllOtherContributionsAmt029197
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt014422
IRS990/AllOtherExpensesGrp/TotalAmt014422
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MICHAEL MEAKEM
IRS990/BooksInCareOfDetail/PhoneNum08608866153
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt033 BROADWAY 2ND FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORWICH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006360
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0159283
IRS990/CashNonInterestBearingGrp/EOYAmt0195642
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0232302
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0232302
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt036000
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0223471
IRS990/ConferencesMeetingsGrp/TotalAmt0259471
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt029197
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt015458
IRS990/CYOtherExpensesAmt02078111
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt03178670
IRS990/CYRevenuesLessExpensesAmt0-67561
IRS990/CYSalariesCompEmpBnftPaidAmt01212775
IRS990/CYTotalExpensesAmt03290886
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03223325
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt043814
IRS990/DepreciationDepletionGrp/TotalAmt043814
IRS990/Desc0CONTINUING EDUCATIONAL PROGRAMS, FORUMS AND SEMINARS FOR THE FINANCIAL SERVICES COMMUNITY
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02436162
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt021845
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0458846
IRS990/FeesForServicesOtherGrp/TotalAmt0480691
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt338002
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1735152
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1834147
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM WAGNER
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN PEROTTI
IRS990/Form990PartVIISectionAGrp/PersonNm2LINDSEY PINKHAM
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL MEAKEM
IRS990/Form990PartVIISectionAGrp/PersonNm4CONRAD BERNIER
IRS990/Form990PartVIISectionAGrp/PersonNm5GEORGE CONNORS
IRS990/Form990PartVIISectionAGrp/PersonNm6DONALD DOYLE
IRS990/Form990PartVIISectionAGrp/PersonNm7DANIEL FORTE
IRS990/Form990PartVIISectionAGrp/PersonNm8STEVE FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm9MARC HENDRIKSON
IRS990/Form990PartVIISectionAGrp/PersonNm10GERI KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN MCWEENEY
IRS990/Form990PartVIISectionAGrp/PersonNm12GERALD NOONAN
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID O'CONNOR
IRS990/Form990PartVIISectionAGrp/PersonNm14CHRIS PADGETT
IRS990/Form990PartVIISectionAGrp/PersonNm15RALPH SCHANK
IRS990/Form990PartVIISectionAGrp/PersonNm16BRIAN WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm17SCOTT BRIGGS
IRS990/Form990PartVIISectionAGrp/PersonNm18MARTA CAREY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3230276
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17169676
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18127485
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRES. & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18SENIOR VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt014500
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt014500
IRS990/GrossReceiptsAmt03223325
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05550
IRS990/InformationTechnologyGrp/TotalAmt05550
IRS990/InsuranceGrp/ManagementAndGeneralAmt017843
IRS990/InsuranceGrp/TotalAmt017843
IRS990/InventoriesForSaleOrUseGrp/BOYAmt047473
IRS990/InventoriesForSaleOrUseGrp/EOYAmt049802
IRS990/InvestmentIncomeGrp/ExclusionAmt0958
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0958
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt050
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0296861
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032700
IRS990/LandBldgEquipBasisNetGrp/EOYAmt061081
IRS990/LandBldgEquipCostOrOtherBssAmt0357942
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CFT ACS IS DEDICATED TO PROVIDING PROFESSIONALLY ADMINISTERED EDUCATIONAL PROGRAMS THAT WILL CONTINUALLY MEET THE NEEDS OF THE FINANCIAL SERVICES INDUSTRY OF THE ATLANTIC AND CENTRAL STATES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0747817
IRS990/NetAssetsOrFundBalancesEOYAmt0680256
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt014500
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt014500
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt028680
IRS990/OccupancyGrp/ProgramServicesAmt0102482
IRS990/OccupancyGrp/TotalAmt0131162
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0111738
IRS990/OfficeExpensesGrp/TotalAmt0111738
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt061979
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0119057
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0181036
IRS990/OtherExpensesGrp/Desc0OTHER COURSE & SEMINAR
IRS990/OtherExpensesGrp/Desc1TEXTBOOK FEES & EXPENSE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3EQUIP. RENTAL & MAINT.
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt039414
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt124752
IRS990/OtherExpensesGrp/ProgramServicesAmt0567068
IRS990/OtherExpensesGrp/ProgramServicesAmt1274592
IRS990/OtherExpensesGrp/TotalAmt0567068
IRS990/OtherExpensesGrp/TotalAmt1274592
IRS990/OtherExpensesGrp/TotalAmt239414
IRS990/OtherExpensesGrp/TotalAmt324752
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0103430
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0611520
IRS990/OtherSalariesAndWagesGrp/TotalAmt0714950
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018556
IRS990/PayrollTaxesGrp/ProgramServicesAmt038695
IRS990/PayrollTaxesGrp/TotalAmt057251
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt027236
IRS990/PensionPlanContributionsGrp/TotalAmt027236
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032147
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023421
IRS990/PrincipalOfficerNm0MICHAEL MEAKEM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0EDUCATION
IRS990/ProgramServiceRevenueGrp/Desc1BANKS' FORUM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2BANQUET REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03125035
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt140270
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt213365
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03125035
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt140270
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213365
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01226
IRS990/PYOtherExpensesAmt01966290
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03189659
IRS990/PYRevenuesLessExpensesAmt0-23777
IRS990/PYSalariesCompEmpBnftPaidAmt01248372
IRS990/PYTotalExpensesAmt03214662
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03190885
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-67561
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03178670
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0553153
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0358962
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03290886
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt061081
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0296861
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0357942
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03223325
IRS990ScheduleD/TotalBookValueLandBuildingsAmt061081
IRS990ScheduleD/TotalExpensesPerForm990Amt03290886
IRS990ScheduleD/TotalRevenuePerForm990Amt03223325
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03223325
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03290886
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0BY BROCHURE
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1QUESTIONS 4B AND 4D DO NOT APPLY TO THIS ORGANIZATION, SCHOLARSHIPS NOT AWARDED, CONTRIBUTIONS NOT SOLICITED.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleJ/AnyNonFixedPaymentsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$909,536
Liabilities
$229,280
Net assets
$680,256
Revenue
$3,223,325
Expenses
$3,290,886
Net income
-$67,561
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.98$1.37$1.43$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.04$1.41$1.31$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$1.57$1.13$0.44
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.05$0.39$1.01$0.67$0.34
2020Detailed filing. Detailed filing data is available for this year.$0.31$0.25$0.06$1.63$1.87$0.24
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.14$0.29$2.39$2.64$0.25
2018Detailed filing. Detailed filing data is available for this year.$0.77$0.22$0.55$2.80$2.93$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.23$0.68$3.22$3.29$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.98$0.24$0.75$3.19$3.21$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.93$0.16$0.77$3.13$3.13$0.00
2014Summary only. Only limited summary data is available for this year.$1.05$0.28$0.77$3.42$3.35$0.07
2013Summary only. Only limited summary data is available for this year.$1.02$0.32$0.70$3.19$3.08$0.11
2012Summary only. Only limited summary data is available for this year.$0.83$0.25$0.59$3.04$2.90$0.15
2011Summary only. Only limited summary data is available for this year.$0.67$0.23$0.44$2.76$2.67$0.09
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits