Financial Executives International

“AS OUTLINED IN THE BYLAWS OF FINANCIAL EXECUTIVES INTERNATIONAL ("FEI"), FEI SHALL BE GOVERNED BY THE BOARD AND BY THE EXECUTIVE COMMITTEE THEREOF AND MEMBERSHIP SHALL ELECT THE DIRECTORS TO THE BOARD. The Board may, at its discretion, exercise authority over the policies, services and programs of all internal organizational units. While the Board shall reserve unto itself the primary policy-making authority for the overall organization, it will be within its mandate to delegate authority to any internal organizational unit, for policy interpretation, operations management, and other specified functions, as it deems appropriate and as may be allowed by law. The Board shall have final authority to determine all terms and conditions, including all budgetary and financial arrangements, related to FEI's affiliation with external organizations. The Board shall have final authority in establishing the eligibility criteria for membership in FEI and for the development and enforcement of a Code of Ethics to which all members must agree to comply. The categories of membership in FEI shall include Executive, Academic, Retired, Life Retired, Honorary, In-Transition, Entrepreneurial, Government/Military, and such other category or categories as may be established by the Board. The Board shall have the duty and the power: (a) To control and govern the affairs, property and finances of FEI; (b) to authorize or ratify contracts on behalf of FEI; (c) to authorize the borrowing of money on behalf of and for the purposes of FEI and, at its discretion, to authorize and direct the Chair, the Vice Chair, the President, or the Secretary under their respective hands and seals, to sign, execute and deliver mortgages and pledges of any or all FEI property, real or personal, as security for payment of the same, and to sign, execute and deliver contracts of any nature or kind; and (d) to do all lawful things which it may deem appropriate to promote the objectives, purposes and interests of FEI.”

“The organization's form 990 was provided to each voting member of its governing body, which is the board of directors, prior to filing with the internal revenue service ("irs"). The organization's board of directors has been delegated the responsibility to oversee and coordinate the form 990 preparation, review and filing process for the organization and its affiliate. As part of the tax return preparation process, the organization hired a professional cpa firm with experience and expertise in nonprofit tax return preparation to prepare the form 990. The cpa firm's tax professionals worked closely with the organization's finance personnel including, but not limited to, the vice president/chief financial officer, and director of finance and administration ("internal working group") to obtain the information needed in order to prepare a complete and accurate tax return. The cpa firm prepared a draft form 990 and furnished it to the organization's internal working group for review. The internal working group reviewed the draft form 990 and discussed questions and comments with the cpa firm. Revisions were made to the draft form 990 where necessary and a final draft was furnished by the cpa firm to the organization's internal working group for final review and approval. Following the internal working group's review and approval of the form 990, the form 990 was provided to each voting member of the organization's board of directors prior to filing with the irs.”

“FEI AND ITS AFFILIATE, FINANCIAL EDUCATION & RESEARCH FOUNDATION ("FERF"), HAVE A WRITTEN CONFLICT OF INTEREST POLICY WITH WHICH IT REGULARLY MONITORS AND ENFORCES COMPLIANCE. FEI's Conflict of Interest Policy governs conflicts of interest involving: (i) members of the Board of Directors and committees empowered to act on behalf of the Board of Directors; (ii) members of the Action Teams; (iii) Chapter Presidents and Presidents-Elect; and (IV) EMPLOYEES OF FEI AND FERF (COLLECTIVELY, "INTERESTED PERSONS"). The purpose of the Policy is to protect the interests of FEI when it has entered into or is contemplating entering into a transaction or arrangement that might benefit a private interest of an Interested Person. Interested Persons must disclose all conflicts of interest as defined in the Policy, including those that might influence or be perceived to influence the actions or decisions of the Interested Person. Each Interested Person shall complete a Conflict of Interest Disclosure Form annually; however, such annual disclosures shall be supplemented promptly by additional written disclosures as required by this Policy, i.e., when an actual or potential conflict of interest arises. All Interested Persons shall bring to the attention of/disclose to FEI any actual or perceived conflict of interest involving any other Interested Person, AND ANY NECESSARY MITIGATING BEHAVIOR IS TAKEN AT THAT TIME.”

“FINANCIAL EXECUTIVES INTERNATIONAL'S ("FEI") BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE ("COMMITTEE") WHICH IS A STANDING COMMITTEE. THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE ORGANIZATION'S PRESIDENT/CHIEF EXECUTIVE OFFICER ("CEO") AND OTHER MEMBERS OF THE SENIOR MANAGEMENT TEAM WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE ENSURES THAT THE "TOTAL COMPENSATION" OF THE PRESIDENT/CEO AND MEMBERS OF SENIOR MANAGEMENT OF THE ORGANIZATION IS REASONABLE BY OBTAINING AND RELYING UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS, EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. The Compensation Committee shall determine the compensation of the President/CEO of FEI, it shall approve the compensation of staff officers and staff directors and it shall review and approve the compensation policies and practices for other staff personnel. The President shall participate in all matters that come before the Compensation Committee, except matters that relate to the President/CEO's compensation. THE ACTIONS TAKEN BY THE COMMITTEE ENABLE THE ORGANIZATION TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF THE PRESIDENT/CEO AND THE SENIOR MANAGEMENT TEAM. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMMITTEE RELIED UPON APPROPRIATE COMPARABLE DATA; SPECIFICALLY THE COMMITTEE WORKED WITH A MANAGEMENT CONSULTING FIRM SPECIALIZING IN STRATEGIC PLANNING, ORGANIZATIONAL DEVELOPMENT AND HUMAN RESOURCE SYSTEMS. Salary grades, which set compensation ranges, are periodically reviewed by THIS independent consultant, who compares those grades to industry averages for not-for-profits. Compensation for the PRESIDENT/CEO and THE SENIOR MANAGEMENT PERSONNEL are set within the appropriate salary grades. THE committee reports directly to FEI's Board of DIRECTORS wherein all discussions at the committee level are documented in written meeting minutes of the full Board of DIRECTORS.”

“The organization makes these governing documents and audited financial statements available upon request. The consolidated audited financial statements can also be accessed on the organization's website.”

“The bylaws for financial executives international were amended and adopted on may 17,2025. 1. Memberships - added corporate membership to the those included and updated the categories of membership. 2. Standing committees - eliminated the separate pension and investment committees and included the responsibility to the budget & finance committee.”

“Mission ======= FEI'S MISSION IS TO ADVANCE THE SUCCESS OF FINANCIAL LEADERS, THEIR ORGANIZATIONS AND THE PROFESSION. FEI IS WHERE ENGAGED FINANCIAL LEADERS THRIVE. FEI CORE VALUES ARE: -Member-driven -Engagement and Networking -Leadership -Integrity -Inclusion FEI STRIVES TO BE RECOGNIZED GLOBALLY AS THE LEADING ORGANIZATION FOR FINANCIAL LEADERS. SINCE 1931, FEI HAS BEEN CONNECTING MEMBERS THROUGH: -INTERACTION: PROVIDING LOCAL AND INTERNATIONAL FORUMS FOR CONNECTING WITH PEERS. -INFORMATION: PROVIDING INSIGHT TO ASSIST WITH INFORMED BUSINESS DECISIONS. -INFLUENCE: PROVIDING AUTHORITATIVE REPRESENTATION FOR MEMBERS' INTERESTS. -INTEGRITY: PROVIDING THE TOOLS TO ADVANCE THE PROFESSION THROUGH ETHICAL LEADERSHIP. History ======= FEI was founded in 1931 as the Controllers Institute of America. The expansion of responsibilities of financial executives into policy-making areas led us to change our name to Financial Executives Institute in 1962. As the global economy developed, FEI was the driving force in forming the International Association of Financial Executives Institutes in 1969. On November 6, 2000, with a name and philosophy change, Financial Executives Institute became Financial Executives International and opened membership to financial executives from around the world. FEI proactively helped design the CFO Act, and has a history of supporting legislation that enhances the business climate. Commencing July 1, 2019, all of FEI's professional development opportunities are now presented by FERF. As a result of the combined FEI and FERF governance approved by both boards in May 2018, the financial statements are now presented on a consolidated basis. Influence ========= FEI educates, advocates, and affects change. Committees, Roundtables and Special Interest Groups are available for members to work with their peers to advance and protect the public policy interests of businesses around the globe. FEI's Committees author comment letters on issues impacting financial leaders and their companies. The efforts of FEI's Committees influence public policy, accounting and financial reporting issues affecting financial leaders, such as: - Accounting/auditing standards and financial reporting; - Corporate and pass through tax reform; - Finance and information technology issues; - Pensions and health care legislation; - Government contracting rules; - Energy law; - International trade; - The federal budget; and - Economic policy. FEI is dedicated to educating and effecting change on behalf of its members on the key issues of the day impacting their businesses. Outlined below is a list of FEI's Committees, Roundtables and Special Interest Groups: - BENEFITS FINANCE - CORPORATE REPORTING - COSO - FINANCIAL ACCOUNTING & REPORTING ROUNDTABLE - FINANCE & IT - GOVERNMENT BUSINESS - GOVERNANCE, RISK & COMPLIANCE (SUNSET 9/30/2024) - TAXATION FEIconnect ========== FEIconnect is a private online community created exclusively for FEI members to connect, learn and discuss leading edge financial and leadership topics online. FEIconnect is a tool to get the advice of peers, learn from their experiences, and participate in an ongoing conversation.”

“Pension related changes other than net periodic pension cost $(9,843).”

“The organization's audit committee, meeting jointly with the ferf audit committee, pursuant to the organization's bylaws, shall annually recommend to the board a firm of independent accountants to audit the accounts of fei, to review and approve the scope of the audit program, to receive and review the report of the independent accountants and to review and recommend audit and other related fee arrangements for approval by the board. The fei and ferf audit committees meet jointly at least twice per year with the external auditors and senior management. The purpose of the first meeting is to discuss the audit planning, areas of audit emphasis and the audit schedule. The second meeting is to review the results of the audit, the auditors' report to management and to select an accounting firm for the upcoming audit. Additional audit committee meetings are scheduled as required.”

“Description:placement fees total fees:1146”

“Description:consulting total fees:429953”