Civic Intelligence

State Financial Officers Foundation Inc

EIN 46-2604771 • 501(c)3 • Shawnee, KS

Profile

To promote free market and free enterprise principles, educate both the public and state financial officers on the role of responsible financial management in a free market economy, and develop educational forums and communication plans among them.

13851 W 63rd St Ste 405Shawnee, KS 66216

sfof.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

31st percentile

-3.6%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$275,297

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

14th percentile

-12%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

2.0%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$736,981

Down $104,338 (-12%) from 2023

Liabilities

Up

$829

Up $829 from 2023

Net Assets

Down

$736,152

Down $105,167 (-13%) from 2023

Revenue

Up

$2,916,605

Up $58,261 (+2.0%) from 2023

Expenses

Up

$3,021,772

Up $512,783 (+20%) from 2023

Net Income

Down

-$105,167

Down $454,522 (-130%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2013: $15,999Liabilities 2013: $02013Assets 2014: $23,450Liabilities 2014: $02014Assets 2015: $19,784Liabilities 2015: $0Net Assets 2015: $19,7842015Assets 2016: $45,578Liabilities 2016: $0Net Assets 2016: $45,5782016Assets 2017: $45,170Liabilities 2017: $2,899Net Assets 2017: $42,2712017Assets 2018: $89,297Liabilities 2018: $0Net Assets 2018: $89,2972018Assets 2019: $114,922Liabilities 2019: $0Net Assets 2019: $114,9222019Assets 2020: $330,470Liabilities 2020: $52,518Net Assets 2020: $277,9522020Assets 2021: $185,346Liabilities 2021: $6,483Net Assets 2021: $178,8632021Assets 2022: $491,964Liabilities 2022: $0Net Assets 2022: $491,9642022Assets 2023: $841,319Liabilities 2023: $0Net Assets 2023: $841,3192023Assets 2024: $736,981Liabilities 2024: $829Net Assets 2024: $736,1522024

Highlighted filing

2024

Assets$736,981
Liabilities$829
Net Assets$736,152

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $87,775Expenses 2013: $71,776Net Income 2013: $15,9992013Revenue 2014: $197,262Expenses 2014: $189,811Net Income 2014: $7,4512014Revenue 2015: $256,124Expenses 2015: $259,790Net Income 2015: -$3,6662015Revenue 2016: $389,388Expenses 2016: $363,594Net Income 2016: $25,7942016Revenue 2017: $486,160Expenses 2017: $489,467Net Income 2017: -$3,3072017Revenue 2018: $558,377Expenses 2018: $514,250Net Income 2018: $44,1272018Revenue 2019: $1,026,744Expenses 2019: $1,012,532Net Income 2019: $14,2122019Revenue 2020: $944,652Expenses 2020: $781,622Net Income 2020: $163,0302020Revenue 2021: $935,197Expenses 2021: $1,034,286Net Income 2021: -$99,0892021Revenue 2022: $2,015,216Expenses 2022: $1,694,826Net Income 2022: $320,3902022Revenue 2023: $2,858,344Expenses 2023: $2,508,989Net Income 2023: $349,3552023Revenue 2024: $2,916,605Expenses 2024: $3,021,772Net Income 2024: -$105,1672024

Highlighted filing

2024

Revenue$2,916,605
Expenses$3,021,772
Net Income-$105,167

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$2,916,605
Mission and Program Overview

Mission

To promote free market and free enterprise principles, educate both the public and state financial officers on the role of responsible financial management in a free market economy, and develop educational forums and communication plans among them.

To promote free market & free enterprise principles, and to educate both the public and state financial officers on the role of responsible financial management in a free market economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$841,319$736,152▼ $105,167
Savings and Temporary Cash Investments$543,225$398,685▼ $144,540
Cash and Non-Interest-Bearing Accounts$251,646$338,296▲ $86,650
Prepaid Expenses and Deferred Charges$46,448$0▼ $46,448
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$841,319$736,981▼ $104,338
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$829-
Total Liabilities$0$829▲ $829
Net Assets / Fund Balance
Total Net Assets Fund Balance$841,319$736,152▼ $105,167
Total Liabilities and Net Assets / Fund Balance$841,319$736,981▼ $104,338
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Derek KreifelsCEOFT$229,167$46,130$275,297
Noah WallEVP Policy & Government AffairsFT$205,000$20,000$225,000
Melanie KreifelsDirector of OperationsFT$122,083-$122,083
OJ OlekaCEOFT$58,875-$58,875

Board Members and Trustees

NameTitle
Seth MetcalfPresident
Bridgett WagnerVice President
Dee Dee Bass WilbonDirector
John HartDirector
Lisa B NelsonDirector
Paul FitzpatrickDirector
Jimmy KempSecretary
Ron CraneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,840,369
Program Service Revenue
$66,025
Investment Income
$10,211
Other Revenue
$0
All Other Contributions
$2,840,369
Change in Net Assets
$-105,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,845,477
Salaries, Compensation, and Employee Benefits$1,084,709
Total Fundraising Expense$486,734
Professional Fundraising Fees$91,586
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,007,025-$111,891$1,118,916
Current Officers, Directors, Trustees, and Key Employees$336,169$121,894$101,109$559,172
Other Salaries and Wages$124,903$104,911$125,994$355,808
Fees for Services Other$229,349--$229,349
Advertising$83,824$38,688$6,448$128,960
Travel$99,277$19,648-$118,925
Fees for Services Professional Fundraising--$91,586$91,586
Other Employee Benefits$7,389$60,316$7,389$75,094
Payroll Taxes$31,821$13,740$15,431$60,992
Office Expenses$10,253$35,886$8,785$54,924
Occupancy-$50,154-$50,154
Payment Travel Entrtnmnt Publicly Ofcl$33,883--$33,883
Pension Plan Contributions$17,839$7,510$8,294$33,643
Information Technology$9,807$9,807$9,807$29,421
Fees for Services Legal$7,525$17,559-$25,084
Fees for Services Accounting-$16,608-$16,608
Insurance-$13,177-$13,177
Other Expenses$11,500--$11,500
Total Functional Expenses$2,025,140$509,898$486,734$3,021,772
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$91,586
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Melanie KreifelsSpouse of CEOEmployee-Dir. of OpsNo$122,083

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
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
No
Management duties delegated
No

Governance Explanations

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

The completed Form 990 is forwarded to each of the organization's directors.

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

The organization's written conflict of interest policy places an affirmative duty on directors, principal officers, and members of committees with governing board powers to disclose any actual or possible conflict of interest at all times. In addition, the organization periodically requests completion of a conflict of interest form from persons covered by the policy. Actual or perceived conflicts are addressed by the board, in accordance with the procedure set forth in the conflicts of interest policy, on a case by case basis. Interested persons are prohibited from participating in the board's discussion and vote on any potentially conflicted arrangement.

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

The CEO's compensation is determined by the board after reviewing comparability data of similarly situated non-profits, compiled by a 3rd party vendor, to ensure that compensation is reasonable and competitive.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are not available to the public.

Filing and Contact Details

Filer

Filer Name
State Financial Officers Foundation Inc
EIN
46-2604771
Phone
8668160873
Address
13851 W 63rd St Ste 405, Shawnee, KS 66216

Signing Officer

Name
OJ Oleka
Title
CEO
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
OJ Oleka
Formed
2013
Legal Domicile
Dc
Voting Board Members
9
Independent Board Members
8
Employees
9

Preparer

Firm
Miller Management Systems LLC
Address
5921 NW Barry Rd Ste 100, Kansas City, MO 64154
Preparer
Chris Miller
Phone
8163823050
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

In 2024, SFOF launched the Public Fiduciary Network. The Public Fiduciary Network exists to advance the values of free markets, limited government, and fiduciary duty to the thousands of public fiduciaries across the country.

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IRS990/OtherExpensesGrp/Desc0Memberships & Consulting
IRS990/OtherExpensesGrp/Desc1SWSM Magazine
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IRS990/OtherExpensesGrp/TotalAmt111500
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IRS990/ProgSrvcAccomActy2Grp/Desc0In 2024, SFOF launched the Public Fiduciary Network (PFN). The PFN exists to advance the values of free markets, limited government, and fiduciary duty to the thousands of public fiduciaries across the country. The PFN will recruit, organize, educate, and serve as a resource center for the thousands of public fiduciaries who manage and oversee public funds. The PFN will provide education, training, research, regional events, conferences, and recruitment services for these leaders.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SFOF organizes, finances, and conducts the activities of its Smart Women Smart Money SWSM program. SWSM's mission is to provide financial education and empowerment to women throughout the United States by producing SWSM Magazine, an online maganize providing information and educational articles.
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