2024-11-15T18:49:57-06:00 2023-12-31 363321958 Desmond & Ahern Ltd 10827 S Western Ave Chicago IL 60643 990 2023-01-01 362602578 Financial Managers Society FINA 3126303423 7918 Jone Branch Dr 4th Floor McLean VA 22102 Alana Vartanian President, CEO 3126303423 2024-11-15 1 1 Mel Padillo P03172019 7737794720 2024-11-15 2023 2024-10-15 13:58:12Z Alana Vartanian 7918 Jone Branch Dr 4th Floor McLean VA 22102 1509768 0 X www.FMSinc.org X 1966 DE Promote high standards of financial management & further professional development of members. 12 12 5 27 0 0 0 0 1624634 1497588 42 36 26931 12144 1651607 1509768 0 0 0 0 359907 497684 0 0 0 747290 761903 1107197 1259587 544410 250181 1611173 1798677 867651 804974 743522 993703 X The Society's members are primarily executives of financial institutions. The objectives of the Society are to further the professional development and to promote high standards of practice for its members. To accomplish these objectives, the Society sponsors educational seminars and conferences and publishes educational materials. 0 0 The Society conducts an annual Finance and Accounting Forum which attracts 250-275 people for over 21 sessions of educational programming and a business trade show consisting of 35 exhibitor booths in 2022.The program offers specific educational sessions for all the major segments of the FMS membership: CFOs, Controllers, Risk Managers and Internal Auditors, Treasurers and Investment Officers, and CEOs. The Society yearly offers 15 two-day seminars/workshops on topics of import to various segments of the membership. Designed as intense, comprehensive educational sessions, the programs are CPE rich, and with typically only one to two presenters, highly interactive, practical, and hands on. Included in the seminar lineup is a five-day Financial Managers School at a continuing education center in Wisconsin which immerses participants in the art of asset/liability management withinfinancial institutions. Complementing its series of seminars and workshops, the Society also offers approximately twenty-eight 60-minute webinars on topics of interest to the membership. The Society hosts an annual conference offering varied financial and accounting sessions and the opportunity for members to speak with industry experts and peers. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X Ada Lau 7033424949 7918 Jones Branch Dr 4th Floor McLean VA 22102 Ferdinand Viaud Chairman 1.00 X X 217613 0 11700 Danialle Evans Chairman-Elect 1.00 X X 0 0 0 Scott Baranowski Immediate Past Chairman 1.00 X X 0 0 0 Bryan Ridgway Director at Large 1.00 X 0 0 0 Dennis Zimmerman Jr Director at Large 1.00 X 0 0 0 Kelsey Marquis Director at Large 1.00 X 0 0 0 Mark Haberland Director at Large 1.00 X 0 0 0 Scott Hildenbrand Director at Large 1.00 X 0 0 0 Scott Mincemoyer Director at Large 1.00 X 0 0 0 Shannon Croll Director at Large 1.00 X 0 0 0 Terri Degner Director at Large 1.00 X 0 0 0 Terry Bishop Director at Large 1.00 X 0 0 0 Alana Vartanian President and CEO 40.00 X 0 0 0 217613 0 11700 1 0 1 0 0 Conferences/meetings 900099 858121 858121 Membership dues 900099 539806 539806 Partnership program 900099 96292 96292 Technical publications 900099 3369 3369 1497588 36 36 Regional chapter incom 900099 8845 8845 Other Miscellaneous 900099 3299 3299 12144 1509768 1509732 0 36 229313 215283 6771 15487 30830 9327 20855 45136 11923 110171 53456 39294 1257 364571 2649 Miscellaneous 103264 1259587 1087130 1123399 281913 420846 6122 58197 56962 48881 10730 8081 225278 188154 1611173 1798677 82842 21354 553333 588486 231476 195134 867651 804974 X 743522 993703 743522 993703 1611173 1798677 250181 0 X X 0 1 X 1 0 0 1 0 4600 1763 2837 52362 47118 5244 8081 Operating lease right-of-use asset 188154 188154 Operating lease liability 195134 195134 X 1509768 0 1509768 0 1509768 1259587 0 1259587 0 1259587 Part X, Line 2: FIN 48 Footnote from Audited Financials The Society has been determined to be exempt from taxes pursuant to the provision of Section 501(c)(6) of the Internal Revenue Code. The tax-exempt purpose of the Society and the nature in which it operates is described in the first paragraph of Note 1. Management believes the Society continues to operate in compliance with its tax-exempt purpose. While the Society is generally exempt from income taxes, it may be subject to taxes on unrelated trade or business income if received. For the year ended December 31, 2022 and 2021, no tax provision was required. The Society's informational and income tax returns filed with the federal and state governments are subject to examination by the Internal Revenue Service for three years after filing. X X X 0 0 0 Ferdinand Viaud Chairman 217613 0 0 0 0 0 11700 0 0 0 229313 0 0 0 Form 990, Part VI, Section A, line 6 Members of the Society include financial officers from banks, thrifts, and credit unions. Form 990, Part VI, Section A, line 7a Annually, the membership participates in an election for officers and directors. Form 990, Part VI, Section B, line 11b The Form 990 was prepared by an outside accountant and initially reviewed by the President/CEO, Chairman, and Finance Committee, then presented to the Board for review and approval prior to filing. Form 990, Part VI, Section B, line 12c Board members are encouraged to report conflicts as they arise. Form 990, Part VI, Section B, line 15a The process of determining the compensation of the President is through the review and approval of the executive compensation committee and by benchmarking with both a national and local compensation survey. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available upon request. Form 990, Part XII, line 2c: The process has not changed from the prior year.