Civic Intelligence

Center for Financial Training Atlantic and Central States Inc

990 • Fiscal year 2018 • EIN 06-1367018

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

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

70th percentile

0.29x

Higher debt load relative to assets than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

47th percentile

0.08x

Higher debt load relative to revenue than 47% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

28th percentile

-4.8%

Higher net margin than 28% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$232,846

Higher top officer pay than 92% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

9th percentile

-16%

Faster asset growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

19th percentile

-13%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$767,446

Down $142,090 (-16%) from 2017

Net Assets

Down

$547,104

Down $133,152 (-20%) from 2017

Liabilities

Down

$220,342

Down $8,938 (-3.9%) from 2017

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin28th percentile

Revenue

Down

$2,799,949

Down $423,376 (-13%) from 2017

Expenses

Down

$2,933,101

Down $357,785 (-11%) from 2017

Net Income

Down

-$133,152

Down $65,591 (-97%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2018

Assets$767,446
Liabilities$220,342
Net Assets$547,104
Open 2018 Filing

Operations Trend

Revenue Growth19th 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

2018

Revenue$2,799,949
Expenses$2,933,101
Net Income-$133,152
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$2,799,949
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
Accounts Receivable$220,628$229,889▲ $9,261
Cash and Non-Interest-Bearing Accounts$195,642$211,286▲ $15,644
Savings and Temporary Cash Investments$358,962$158,245▼ $200,717
Prepaid Expenses and Deferred Charges$23,421$71,131▲ $47,710
Land, Buildings, and Equipment, Net$61,081$50,307▼ $10,774
Inventories for Sale or Use$49,802$46,588▼ $3,214
Total Assets$909,536$767,446▼ $142,090
Liabilities
Accounts Payable and Accrued Expenses$229,280$220,342▼ $8,938
Total Liabilities$229,280$220,342▼ $8,938
Net Assets / Fund Balance
Unrestricted Net Assets$680,256$547,104▼ $133,152
Total Net Assets Fund Balance$680,256$547,104▼ $133,152
Total Liabilities and Net Assets / Fund Balance$909,536$767,446▼ $142,090

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$50,307$329,305$379,612
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael MeakemPres. & CEOFT$194,816$38,030$232,846
Scott BriggsSenior Vice PresidentFT$151,876$35,468$187,344
Marta CareySenior Vice PresidentFT$119,185$33,346$152,531

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
William CalderaraDirector
Lindsey PinkhamSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,799,673
Investment Income
$276
Other Revenue
$0
Change in Net Assets
$-133,152

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,799,949
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,799,949
Total Revenue per Form 990
$2,799,949
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,848,829
Salaries, Compensation, and Employee Benefits$1,084,272
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$531,689$69,222-$600,911
Conferences and Meetings$361,303$36,619-$397,922
Fees for Services Other$257,475$23,631-$281,106
Current Officers, Directors, Trustees, and Key Employees-$232,330-$232,330
Other Employee Benefits$112,706$57,700-$170,406
Occupancy$108,519$24,692-$133,211
Office Expenses-$104,091-$104,091
Advertising$32,482$33,733-$66,215
Payroll Taxes$35,105$16,871-$51,976
Depreciation Depletion-$32,444-$32,444
Pension Plan Contributions-$28,649-$28,649
Other Expenses$257,223$27,914-$27,914
All Other Expenses-$20,372-$20,372
Travel$203$19,739-$19,942
Insurance-$13,693-$13,693
Information Technology-$3,248-$3,248
Total Functional Expenses$2,149,203$783,898$0$2,933,101

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,933,101
Total Expenses per Audited Statements$2,933,101
Total Expenses per Form 990$2,933,101
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
2019-05-14

Organization Details

Principal Officer
Michael Meakem
Formed
1993
Legal Domicile
Ct
Voting Board Members
18
Independent Board Members
17
Employees
8
Volunteers
45

Preparer

Firm
SEWARD AND MONDE CPA'S
Address
296 STATE STREET, NORTH HAVEN, CT 06473-2165
Preparer
Gayle a Carbone
Phone
2032489341
Raw XML AppendixShowing 400 of 550 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/BOYAmt0229280
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0220342
IRS990/AccountsReceivableGrp/BOYAmt0220628
IRS990/AccountsReceivableGrp/EOYAmt0229889
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDING CONTINUING EDUCATION PROGRAMS AND SEMINARS IN ACCORDANCE WITH THE EXPECTATIONS OF FINANCIAL INSTITUTIONS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt033733
IRS990/AdvertisingGrp/ProgramServicesAmt032482
IRS990/AdvertisingGrp/TotalAmt066215
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt020372
IRS990/AllOtherExpensesGrp/TotalAmt020372
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/BOYAmt0195642
IRS990/CashNonInterestBearingGrp/EOYAmt0211286
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0232330
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0232330
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt036619
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0361303
IRS990/ConferencesMeetingsGrp/TotalAmt0397922
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0276
IRS990/CYOtherExpensesAmt01848829
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02799673
IRS990/CYRevenuesLessExpensesAmt0-133152
IRS990/CYSalariesCompEmpBnftPaidAmt01084272
IRS990/CYTotalExpensesAmt02933101
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02799949
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt032444
IRS990/DepreciationDepletionGrp/TotalAmt032444
IRS990/Desc0CONTINUING EDUCATIONAL PROGRAMS, FORUMS AND SEMINARS FOR THE FINANCIAL SERVICES COMMUNITY
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02149203
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt023631
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0257475
IRS990/FeesForServicesOtherGrp/TotalAmt0281106
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/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1940.00
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/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt338030
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/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1835468
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1933346
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM WAGNER
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN PEROTTI
IRS990/Form990PartVIISectionAGrp/PersonNm2LINDSEY PINKHAM
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL MEAKEM
IRS990/Form990PartVIISectionAGrp/PersonNm4CONRAD BERNIER
IRS990/Form990PartVIISectionAGrp/PersonNm5WILLIAM CALDERARA
IRS990/Form990PartVIISectionAGrp/PersonNm6GEORGE CONNORS
IRS990/Form990PartVIISectionAGrp/PersonNm7DONALD DOYLE
IRS990/Form990PartVIISectionAGrp/PersonNm8DANIEL FORTE
IRS990/Form990PartVIISectionAGrp/PersonNm9STEVE FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm10MARC HENDRIKSON
IRS990/Form990PartVIISectionAGrp/PersonNm11GERI KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm12JOHN MCWEENEY
IRS990/Form990PartVIISectionAGrp/PersonNm13GERALD NOONAN
IRS990/Form990PartVIISectionAGrp/PersonNm14DAVID O'CONNOR
IRS990/Form990PartVIISectionAGrp/PersonNm15CHRIS PADGETT
IRS990/Form990PartVIISectionAGrp/PersonNm16RALPH SCHANK
IRS990/Form990PartVIISectionAGrp/PersonNm17BRIAN WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm18SCOTT BRIGGS
IRS990/Form990PartVIISectionAGrp/PersonNm19MARTA CAREY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3194816
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/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18151876
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19119185
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/ReportableCompFromRltdOrgAmt190
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/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19SENIOR VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02799949
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03248
IRS990/InformationTechnologyGrp/TotalAmt03248
IRS990/InsuranceGrp/ManagementAndGeneralAmt013693
IRS990/InsuranceGrp/TotalAmt013693
IRS990/InventoriesForSaleOrUseGrp/BOYAmt049802
IRS990/InventoriesForSaleOrUseGrp/EOYAmt046588
IRS990/InvestmentIncomeGrp/ExclusionAmt0276
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0276
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt050
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0329305
IRS990/LandBldgEquipBasisNetGrp/BOYAmt061081
IRS990/LandBldgEquipBasisNetGrp/EOYAmt050307
IRS990/LandBldgEquipCostOrOtherBssAmt0379612
IRS990/LegalDomicileStateCd0CT
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/NetAssetsOrFundBalancesBOYAmt0680256
IRS990/NetAssetsOrFundBalancesEOYAmt0547104
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt024692
IRS990/OccupancyGrp/ProgramServicesAmt0108519
IRS990/OccupancyGrp/TotalAmt0133211
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0104091
IRS990/OfficeExpensesGrp/TotalAmt0104091
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt057700
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0112706
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0170406
IRS990/OtherExpensesGrp/Desc0OTHER COURSE & SEMINAR
IRS990/OtherExpensesGrp/Desc1TEXTBOOK FEES & EXPENSE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3EQUIP. RENTAL & MAINT.
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt038950
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt127914
IRS990/OtherExpensesGrp/ProgramServicesAmt0452498
IRS990/OtherExpensesGrp/ProgramServicesAmt1257223
IRS990/OtherExpensesGrp/TotalAmt0452498
IRS990/OtherExpensesGrp/TotalAmt1257223
IRS990/OtherExpensesGrp/TotalAmt238950
IRS990/OtherExpensesGrp/TotalAmt327914
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt069222
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0531689
IRS990/OtherSalariesAndWagesGrp/TotalAmt0600911
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016871
IRS990/PayrollTaxesGrp/ProgramServicesAmt035105
IRS990/PayrollTaxesGrp/TotalAmt051976
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt028649
IRS990/PensionPlanContributionsGrp/TotalAmt028649
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023421
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt071131
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/RelatedOrExemptFuncIncomeAmt02754978
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt136095
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02754978
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt136095
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28600
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt029197
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015458
IRS990/PYOtherExpensesAmt02078111
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03178670
IRS990/PYRevenuesLessExpensesAmt0-67561
IRS990/PYSalariesCompEmpBnftPaidAmt01212775
IRS990/PYTotalExpensesAmt03290886
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03223325
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-133152
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02799673
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0358962
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0158245
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02933101
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt050307
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0329305
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0379612
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02799949
IRS990ScheduleD/TotalBookValueLandBuildingsAmt050307
IRS990ScheduleD/TotalExpensesPerForm990Amt02933101
IRS990ScheduleD/TotalRevenuePerForm990Amt02799949
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02799949
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02933101
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
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$767,446
Liabilities
$220,342
Net assets
$547,104
Revenue
$2,799,949
Expenses
$2,933,101
Net income
-$133,152
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