Civic Intelligence

Cfa Society of Chicago

990 • Fiscal year 2020 • EIN 36-2595074

Sep 01, 2019 to Aug 31, 2020 • Filed on Jun 07, 2021

Organization ProfileWWW.CFACHICAGO.ORG

View Organization Page

33 N Lasalle St No 910Chicago, IL 60602

(312) 251-1301

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.23x

Higher debt load relative to assets than 62% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.35x

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

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

15th percentile

-10%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

62nd percentile

$179,731

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

28th percentile

-1.9%

Faster asset growth than 28% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

-5.9%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$2,457,291

Down $46,519 (-1.9%) from 2019

Net Assets

Down

$1,888,550

Down $79,109 (-4.0%) from 2019

Liabilities

Up

$568,741

Up $32,590 (+6.1%) from 2019

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin15th percentile

Revenue

Down

$1,624,349

Down $101,499 (-5.9%) from 2019

Expenses

Down

$1,790,549

Down $32,844 (-1.8%) from 2019

Net Income

Down

-$166,200

Down $68,655 (-70%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $2,367,004Liabilities 2017: $474,956Net Assets 2017: $1,892,0482017Assets 2018: $2,504,657Liabilities 2018: $484,709Net Assets 2018: $2,019,9482018Assets 2019: $2,503,810Liabilities 2019: $536,151Net Assets 2019: $1,967,6592019Assets 2020: $2,457,291Liabilities 2020: $568,741Net Assets 2020: $1,888,5502020Assets 2021: $2,860,918Liabilities 2021: $686,126Net Assets 2021: $2,174,7922021Assets 2022: $2,288,053Liabilities 2022: $686,547Net Assets 2022: $1,601,5062022Assets 2023: $3,272,290Liabilities 2023: $1,731,934Net Assets 2023: $1,540,3562023Assets 2024: $3,207,633Liabilities 2024: $1,790,642Net Assets 2024: $1,416,9912024

Highlighted filing

2020

Assets$2,457,291
Liabilities$568,741
Net Assets$1,888,550
Open 2020 Filing

Operations Trend

Revenue Growth56th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $1,594,763Expenses 2017: $1,536,635Net Income 2017: $58,1282017Revenue 2018: $1,677,872Expenses 2018: $1,584,310Net Income 2018: $93,5622018Revenue 2019: $1,725,848Expenses 2019: $1,823,393Net Income 2019: -$97,5452019Revenue 2020: $1,624,349Expenses 2020: $1,790,549Net Income 2020: -$166,2002020Revenue 2021: $1,330,480Expenses 2021: $1,295,439Net Income 2021: $35,0412021Revenue 2022: $1,555,705Expenses 2022: $1,648,375Net Income 2022: -$92,6702022Revenue 2023: $2,113,433Expenses 2023: $1,773,026Net Income 2023: $340,4072023Revenue 2024: $1,557,056Expenses 2024: $1,877,028Net Income 2024: -$319,9722024

Highlighted filing

2020

Revenue$1,624,349
Expenses$1,790,549
Net Income-$166,200
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jun 7, 2021
Return Version
2019v5.2
Gross Receipts
$1,690,506
Mission and Program Overview

Mission

Cfa society chicago, the world's first investment analysts' society, is committed to working with our members and the investment community to achieve our mission through three organizational pillars: (1) deliver member value: deliver industry-leading events focused on continuing education and professional development. Offer a range of networking opportunities to our members. Implement new technology and build a digital content library. (2) develop future professionals: measure our engagement with top employers of cfa charterholders and improve these scores over time. Build brand awareness through marketing, social media, and partnerships. (3) build market integrity: support financial literacy in our community through partnerships and volunteer opportunities. Build relationships with local universities and support students who are studying for or considering the cfa exams. Encourage a diversity of gender, race, and thought.

Cfa society chicago aims to lead the investment management and financial services professions by promoting the highest standards of ethics, continuing education, and professional excellence for the ultimate benefit of society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,672,025$1,899,225▲ $227,200
Savings and Temporary Cash Investments$514,667$323,506▼ $191,161
Land, Buildings, and Equipment, Net$116,501$103,131▼ $13,370
Cash and Non-Interest-Bearing Accounts$146,616$47,323▼ $99,293
Accounts Receivable$39,283$45,134▲ $5,851
Prepaid Expenses and Deferred Charges$122,410$23,972▼ $98,438
Total Assets$2,636,502$2,457,291▼ $179,211
Other Assets Total$25,000$15,000▼ $10,000
Liabilities
Deferred Revenue$686,850$430,940▼ $255,910
Accounts Payable and Accrued Expenses$77,831$137,801▲ $59,970
Total Liabilities$764,681$568,741▼ $195,940
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,871,821$1,888,550▲ $16,729
Total Net Assets Fund Balance$1,871,821$1,888,550▲ $16,729
Total Liabilities and Net Assets / Fund Balance$2,636,502$2,457,291▼ $179,211

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$103,131$90,036$193,167
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shannon CurleyCEO Through 11/1/19FT$112,926$66,805$179,731
Nicole HarrisSenior Director of Operataions and OutreachFT$111,603$12,281$123,884
Kimberly AugustynDirector of Programs and SponsorshipFT$110,115$13,387$123,502
Pari PatelDirector of Marketing and CommunicationsFT$103,539$13,011$116,550

Board Members and Trustees

NameTitle
Dan KastholmChair
Thomas DigenanImmidiate Past Chair
Kristan RowlandVice Chair
Alan PapierDirector
Cosmin LucaciDirector
David SmithDirector
Dhvani ShahDirector
James SchroederDirector
Jenifer AronsonDirector
Linda RuegseggerDirector
Mark ToledoDirector
Michael HoltDirector
Michael MirandaDirector
Sunitha ThomasDirector
Tanya WilliamsDirector
William FitzpatrickDirector
Christopher VincentCEO
Garrett GlaweSecretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$548,422
Program Service Revenue
$939,250
Investment Income
$47,230
Other Revenue
$89,447
All Other Contributions
$548,422
Change in Net Assets
$-166,200

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,624,349
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$182,929
Total Revenue per Audited Statements
$1,807,278
Total Revenue per Form 990
$1,624,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$952,855
Salaries, Compensation, and Employee Benefits$834,694
Grants and Similar Amounts Paid$3,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$533,933
Other Salaries and Wages---$491,323
Current Officers, Directors, Trustees, and Key Employees---$210,953
Occupancy---$101,411
Information Technology---$69,207
Fees for Services Other---$65,901
Other Employee Benefits---$61,054
Payroll Taxes---$50,603
Fees for Services Accounting---$42,120
Office Expenses---$39,983
Depreciation Depletion---$34,325
Pension Plan Contributions---$20,761
Fees for Services Legal---$14,431
Insurance---$10,644
Advertising---$10,211
Travel---$7,617
Grants to Domestic Individuals---$3,000
Other Expenses---$2,056
Total Functional Expenses$0$0$0$1,790,549

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,790,549
Total Expenses per Audited Statements$1,790,549
Total Expenses per Form 990$1,790,549
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
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 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

“The executive committee may meet and act on behalf of the board of directors without formal notice.”

Form 990, Part VI, Section A, Line 6

“The organization has approximately 5,000 members who are investment professionals. They are categorized into 7 different classes consisting of regular, affiliate, professional leave, student, candidate, adjunct and honorary memberships. Regular members shall have voting privileges. Affiliate, professional leave, student, candidate, adjunct, and honorary members shall not have voting privileges.”

Form 990, Part VI, Section A, Line 7A

“There is an annual business meeting each year where members vote on the proposed slate of officers and directors.”

Form 990, Part VI, Section A, Line 7B

“Bylaw changes must be presented to the full membership and approved by a majority of members who vote. There are no other requirements for full member approval.”

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

“The ceo reviews the 990 for accuracy before giving it to the treasurer who also reviews and then signs it.”

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

“The organization annually collects the signed conflict of interest statements.”

Form 990, Part VI, Section B, Line 15A

“The benefits and compensation committee consisting of 3 board members review the performance annually of the ceo/president who is the only key employee and recommend changes in salary in comparison to the cpi and to compensation surveys. They also recommend what portion of the bonus should be paid out as well as recommending whether future benefits should be kept in effect.”

Form 990, Part VI, Section C, Line 19

“Cfa chicago publishes an annual report each year that contains the full audited financial statements. This annual report is accessible on a public section of the cfa chicago website. The bylaws are also posted on a public section of the cfa chicago website. Board of directors' meeting minutes are housed on boardeffect.”

Filing and Contact Details

Filer

Filer Name
Cfa Society of Chicago
EIN
36-2595074
Phone
3122511301
Address
33 N LASALLE ST NO 910, CHICAGO, IL 60602

Signing Officer

Name
Christopher Vincent
Title
CEO
Phone
3122511301
Signed
2021-06-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Vincent
Formed
1965
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
17
Employees
6
Volunteers
190

Preparer

Firm
Mann Weitz & Associates LLC
Address
111 DEER LAKE ROAD SUITE 125, DEERFIELD, IL 60015
Preparer
Marcy Steindler
Phone
8472673400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. As of august 31, 2020, the society had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

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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/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3IMMIDIATE PAST CHAIR
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/TitleTxt17CEO THROUGH 11/1/19
IRS990/Form990PartVIISectionAGrp/TitleTxt18CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR OF PROGRAMS AND SPONSORSHIP
IRS990/Form990PartVIISectionAGrp/TitleTxt20SENIOR DIRECTOR OF OPERATAIONS AND OUTREACH
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR OF MARKETING AND COMMUNICATIONS
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IRS990/Form990TFiledInd01
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt05843
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt072000
IRS990/GrossReceiptsAmt01690506
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt069207
IRS990/InsuranceGrp/TotalAmt010644
IRS990/InvestmentIncomeGrp/ExclusionAmt041387
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt041387
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01672025
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01899225
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt090036
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0116501
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0103131
IRS990/LandBldgEquipCostOrOtherBssAmt0193167
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt066157
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CFA SOCIETY CHICAGO, THE WORLD'S FIRST INVESTMENT ANALYSTS' SOCIETY, IS COMMITTED TO WORKING WITH OUR MEMBERS AND THE INVESTMENT COMMUNITY TO ACHIEVE OUR MISSION THROUGH THREE ORGANIZATIONAL PILLARS: (1) DELIVER MEMBER VALUE: DELIVER INDUSTRY-LEADING EVENTS FOCUSED ON CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT. OFFER A RANGE OF NETWORKING OPPORTUNITIES TO OUR MEMBERS. IMPLEMENT NEW TECHNOLOGY AND BUILD A DIGITAL CONTENT LIBRARY. (2) DEVELOP FUTURE PROFESSIONALS: MEASURE OUR ENGAGEMENT WITH TOP EMPLOYERS OF CFA CHARTERHOLDERS AND IMPROVE THESE SCORES OVER TIME. BUILD BRAND AWARENESS THROUGH MARKETING, SOCIAL MEDIA, AND PARTNERSHIPS. (3) BUILD MARKET INTEGRITY: SUPPORT FINANCIAL LITERACY IN OUR COMMUNITY THROUGH PARTNERSHIPS AND VOLUNTEER OPPORTUNITIES. BUILD RELATIONSHIPS WITH LOCAL UNIVERSITIES AND SUPPORT STUDENTS WHO ARE STUDYING FOR OR CONSIDERING THE CFA EXAMS. ENCOURAGE A DIVERSITY OF GENDER, RACE, AND THOUGHT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01871821
IRS990/NetAssetsOrFundBalancesEOYAmt01888550
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt05843
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05843
IRS990/NetUnrelatedBusTxblIncmAmt0-4511
IRS990/NetUnrlzdGainsLossesInvstAmt0182929
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01871821
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01888550
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt0101411
IRS990/OfficeExpensesGrp/TotalAmt039983
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025000
IRS990/OtherAssetsTotalGrp/EOYAmt015000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt061054
IRS990/OtherExpensesGrp/Desc0BOD PROJECTS AND EXPENS
IRS990/OtherExpensesGrp/Desc1SPECIAL PROJECTS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt016412
IRS990/OtherExpensesGrp/TotalAmt14604
IRS990/OtherExpensesGrp/TotalAmt22056
IRS990/OtherSalariesAndWagesGrp/TotalAmt0491323
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt050603
IRS990/PensionPlanContributionsGrp/TotalAmt020761
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0122410
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023972
IRS990/PrincipalOfficerNm0CHRISTOPHER VINCENT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3541800
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1ACADEMIC PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc2SPECIAL EDUCATIONAL EV
IRS990/ProgramServiceRevenueGrp/Desc3COMMUNICATIONS AND JOB
IRS990/ProgramServiceRevenueGrp/Desc4MEMBER DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0814597
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt160475
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt229905
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313445
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0814597
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt160475
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt229905
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt320828
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt413445
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt020828
IRS990/ProgSrvcAccomActy2Grp/Desc0ACADEMIC PROGRAMS ARE DESIGNED TO EDUCATE ATTENDEES ON CURRENT ISSUES OF IMPORTANCE IN THE PROFESSION. MEMBERS RECEIVE CONTINUING EDUCATION CREDITS WITH THE CFA INSTITUTE FOR MOST OF THESE EVENTS. THERE WERE 37 PROGRAMS HELD DURING THE YEAR, WITH OVER 4,973 REGISTERED TO ATTEND.
IRS990/ProgSrvcAccomActy3Grp/Desc0MEMBER DEVELOPMENT FOCUSES ON ENHANCING THE MEMBERSHIP EXPERIENCE FOR, AND BUILDING A SENSE OF COMMUNITY AMONG, INVESTMENT PROFESSIONALS BY WELCOMING NEW MEMBERS INTO THE SOCIETY AND MAINTAINING A SENSE OF ENGAGEMENT WITH THE SOCIETY THROUGHOUT THE COURSE OF MEMBERS' CAREERS. IT ALSO FOCUSES ON MAINTAINING THE RELATIONSHIP BETWEEN CFA SOCIETY CHICAGO AND LOCAL UNIVERSITIES. CFA SOCIETY CHICAGO WORKED WITH LOCAL UNIVERSITIES TO ENGAGE UNDERGRADUTE AND GRADUATE STUDENTS IN THE CFA INSTITUTE RESEARCH CHALLENGE.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CFA SOCIETY CHICAGO PARTNERS WITH THE ECONOMIC AWARENESS COUNCIL AND THE GREENWOOD PROJECT TO SHAPE THE INVESTMENT INDUSTRY AND SERVE THE GREATER GOOD BY SHARING FINANCIAL LITERACY VOLUNTEER OPPORTUNITIES FOR CFA MEMBERS TO TEACH INNER CITY HIGH SCHOOL STUDENTS THE BASICS OF SAVINGS AND INVESTMENTS AND TO MENTOR MINORITY COLLEGE STUDENTS AND TO INTRODUCE THEM TO CAREERS IN THE FINANCE INDUSTRY.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04594
IRS990/PYOtherExpensesAmt0100209
IRS990/PYOtherRevenueAmt011668
IRS990/PYProgramServiceRevenueAmt0122732
IRS990/PYRevenuesLessExpensesAmt0-85783
IRS990/PYSalariesCompEmpBnftPaidAmt0124568
IRS990/PYTotalExpensesAmt0224777
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0138994
IRS990/ReconcilationRevenueExpnssAmt0-166200
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt089447
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt089447
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0514667
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0323506
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
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0103131
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090036
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0193167
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01790549
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0182929
IRS990ScheduleD/RevenueNotReportedAmt0182929
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01624349
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. AS OF AUGUST 31, 2020, THE SOCIETY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0103131
IRS990ScheduleD/TotalExpensesPerForm990Amt01790549
IRS990ScheduleD/TotalRevenuePerForm990Amt01624349
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01807278
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01790549
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0112926
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount050000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,457,291
Liabilities
$568,741
Net assets
$1,888,550
Revenue
$1,624,349
Expenses
$1,790,549
Net income
-$166,200
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.21$1.79$1.42$1.56$1.88$0.32
2023Detailed filing. Detailed filing data is available for this year.$3.27$1.73$1.54$2.11$1.77$0.34
2022Detailed filing. Detailed filing data is available for this year.$2.29$0.69$1.60$1.56$1.65$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.86$0.69$2.17$1.33$1.30$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.46$0.57$1.89$1.62$1.79$0.17
2019Detailed filing. Detailed filing data is available for this year.$2.50$0.54$1.97$1.73$1.82$0.10
2018Detailed filing. Detailed filing data is available for this year.$2.50$0.48$2.02$1.68$1.58$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.37$0.47$1.89$1.59$1.54$0.06