Certified Financial Planner Board Of

“The form 990 is prepared by the cpa firm cliftonlarsonallen llp with significant input from cfp board management and staff. It is then reviewed by the audit committee and risk committee. Once the audit and risk committee has approved, the form is provided to the board of directors for review prior to its filing.”

“Cfp board addresses conflicts of interest in its employee handbook for employees and volunteer agreement for volunteers. Cfp board requires employees to advise the director of human resources, and volunteers to notify cfp board's general counsel, of any transaction or other activity that might present a conflict of interest. Staff conflicts are reviewed by the hr director, and volunteer conflicts are reviewed by either the governance committee or the ceo, depending on the individual involved. In 2022, the governance committee reported to the board on conflicts that were reviewed where action was taken as well as potential conflicts that were reviewed and determined that were not actual or perceived conflicts.”

“The ceo oversight and compensation committee establishes and monitors ceo compensation to ensure that it is competitive with other non-profit institutions that focus on financial services, located in washington, dc. The committee consists of members of the board of directors and does not include the ceo. The committee engaged a compensation consultant to evaluate the current ceo salary and structure. The consultant utilized comparable data in order to substantiate their salary recommendations for the ceo. This process took place in 2022. The ceo engages a compensation consultant to review and evaluate other officer and key employee salaries. The consultant utilized comparable data in order to substantiate their salary recommendations for other officer and key employee salaries. This process took place in 2021.”

“Cfp board's bylaws are available for download from the organization's website.”

“Outside services: program service expenses 1,038,776. Management and general expenses 113,559. Fundraising expenses 0. Total expenses 1,152,335. Professional services: program service expenses 6,371,235. Management and general expenses 427,476. Fundraising expenses 0. Total expenses 6,798,711. Recruitment advertising and professional services: program service expenses 685,729. Management and general expenses 214,548. Fundraising expenses 0. Total expenses 900,277. Research: program service expenses 602,618. Management and general expenses 2,949. Fundraising expenses 0. Total expenses 605,567. Temporary labor: program service expenses 1,562,101. Management and general expenses 252,838. Fundraising expenses 0. Total expenses 1,814,939.”