Nonprofit · EIN 41-1861989
CFA SOCIETY OF MINNESOTA
Also known as CORY MARKLING TREAS
Tax-exempt · MINNEAPOLIS, MN 55402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $532,347 | $511,916 | $20,431 | $621,500 | $230,624 | $390,876 |
| August 31, 2024 | 990 | $471,478 | $521,631 | -$50,153 | $597,394 | $226,949 | $370,445 |
| August 31, 2023 | 990 | $462,913 | $464,215 | -$1,302 | $626,469 | $205,871 | $420,598 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $501,315
- Investment income
- $13,013
- Royalties
- $17,064
- Other revenue
- $18,019
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $89,073
- Other salaries and wages
- $127,001
- Salaries, compensation and benefits (total)
- $237,584
- Professional fundraising fees
- $0
- Accounting fees
- $17,853
- Occupancy
- $40,773
- Travel
- $11,339
Balance sheet and other
- Total assets, start of year
- $597,394
- Total assets, end of year
- $621,500
- Total liabilities, end of year
- $230,624
- Net assets, end of year
- $390,876
- Net assets without donor restrictions
- $390,876
- Gross receipts
- $532,347
- Employees
- 2
- Volunteers
- 100
- Year formed
- 1952
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHANNON SCHAAF | EXECUTIVE DIRECTOR Officer | 40 | $123,008 | $2,065 |
| ROB BRITTON | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| ZACHARY WANZEK | VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| CORY MARKLING | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| MELISSA GILBERTSON | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| KATHRYN LYONS | PAST PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| CHRIS BECKER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DAVID BRANDMIRE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| KC CONNORS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| KATY FARLEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CURT LACHAPPELLE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JONATHAN LEVY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MACKENZIE MERRILL | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DAVID SLEGH | DIRECTOR Trustee or director | 5 | $0 | $0 |
| PHIL STERN | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended August 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Shannon Schaaf | Executive Director Officer | 40 | $120,750 | $1,917 |
| Rob Britton | President Trustee or director, Officer | 10 | $0 | $0 |
| Zachary Wanzek | Vice President Trustee or director, Officer | 10 | $0 | $0 |
| Cory Markling | Treasurer Trustee or director, Officer | 10 | $0 | $0 |
| Melissa Gilbertson | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Jonathan Levy | Director Trustee or director | 5 | $0 | $0 |
| David Slegh | Director Trustee or director | 5 | $0 | $0 |
| Phil Stern | Director Trustee or director | 5 | $0 | $0 |
| KC Connors | Director Trustee or director | 5 | $0 | $0 |
| Mackenzie Merrill | Director Trustee or director | 5 | $0 | $0 |
| Katy Farley | Director Trustee or director | 5 | $0 | $0 |
| Curt LaChappelle | Director Trustee or director | 5 | $0 | $0 |
| Chris Becker | Director Trustee or director | 5 | $0 | $0 |
| David Brandmire | Director Trustee or director | 5 | $0 | $0 |
| Kathryn Lyons | Past President Trustee or director, Officer | 5 | $0 | $0 |
990 for the year ended August 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mark Salter | Executive Director Officer | 40 | $104,604 | $2,117 |
| Shannon Schaaf | Executive Director Officer | 40 | $15,096 | $0 |
| Chris May | Immediate Past President Trustee or director, Officer | 5 | $0 | $0 |
| Kate Lyons | President Trustee or director, Officer | 10 | $0 | $0 |
| Rob Britton | Vice President Trustee or director, Officer | 10 | $0 | $0 |
| Cory Markling | Treasurer Trustee or director, Officer | 10 | $0 | $0 |
| Melissa Gilbertson | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Christy Bipes | Director Trustee or director | 2 | $0 | $0 |
| Matt Grimes | Director Trustee or director | 2 | $0 | $0 |
| Jonathan Levy | Director Trustee or director | 2 | $0 | $0 |
| Andrew Rem | Director Trustee or director | 5 | $0 | $0 |
| David Slegh | Director Trustee or director | 5 | $0 | $0 |
| Phil Stern | Director Trustee or director | 2 | $0 | $0 |
| Zac Wanzek | Director Trustee or director | 10 | $0 | $0 |
| KC Connors | Director Trustee or director | 5 | $0 | $0 |
| Mackenzie Merrill | Director Trustee or director | 5 | $0 | $0 |
| Katy Farley | Director Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 121 S 8TH ST STE 825, MINNEAPOLIS, MN 55402-2879
- Principal officer (990 for 2024)
- SHANNON SCHAAF, 121 SOUTH 8TH STREET 825, MINNEAPOLIS, MN 55402
- Signed the 990
- SHANNON SCHAAF, EXECUTIVE DIRECTOR
- Phone
- (612) 930-4000
- Website
- WWW.CFAMN.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO ADVANCE PROFESSIONAL EXCELLENCE WHILE PROMOTING ETHICAL BEHAVIOR AND FELLOWSHIP THROUGH DEVELOPMENT AND ENGAGEMENT OPPORTUNITIES FOR OUR MEMBERS.
Program accomplishments
- ANNUAL DINNER - THE CFAMN ANNUAL DINNER IS OUR LARGEST PUBLIC AWARENESS EVENT, DESIGNED TO RAISE THE LEVEL OF AWARENESS OF OUR MEMBERS IN THE BROADER COMMUNITY AS WELL AS BRING TOGETHER AS LARGE A GROUP OF MEMBERS AS POSSIBLE TO CONTINUE WORKING TOWARD DEVELOPMENT OF "COMMUNITY." A VERITABLE "WHO'S WHO" OF THE LOCAL INVESTMENT COMMUNITY - CLIENTS, SPOUSES AND EMPLOYERS AS WELL AS THE GENERAL MEMBERSHIP - IS INVITED AND ENCOURAGED TO ATTEND. THE ANNUAL DINNER WAS HELD IN FEBRUARY 2025 WITH 400 ATTENDEES.
- NEW CFA CHARTERHOLDER RECOGNITION - THE CHARTERED FINANCIAL ANALYST (CFA) DESIGNATION IS A GLOBALLY RECOGNIZED STANDARD FOR MEASURING THE COMPETENCE AND INTEGRITY OF INVESTMENT PROFESSIONALS. THE THREE LEVELS OF EXAMINATION VERIFY A CANDIDATE'S ABILITY TO APPLY THESE PRINCIPLES ACROSS ALL AREAS OF THE INVESTMENT DECISION-MAKING PROCESS. THE PROGRAM'S PROFESSIONAL CONDUCT REQUIREMENTS DEMAND THAT BOTH CFA CANDIDATES AND CHARTERHOLDERS ADHERE TO THE HIGHEST STANDARDS OF ETHICAL RESPONSIBILITY. IN FY2025 WE HELD 1 DINNER WITH MORE THAN 60 ATTENDEES.
- PROFESSIONAL LEARNING - PROFESSIONAL LEARNING EVENTS ARE HELD THROUGHOUT OUR ACTIVE MONTHS (SEPTEMBER THROUGH JUNE). PROGRAMS TYPICALLY ARE OFFERED IN AN EVENING FORMAT AND PROVIDE UPDATES ON CURRENT INDUSTRY TOPICS AND BEST PRACTICES. MEETINGS ARE OPEN TO MEMBERS, OTHER INDUSTRY PROFESSIONALS AND STUDENTS. SPEAKERS ARE REPRESENTATIVES FROM THE FINANCIAL SERVICES INDUSTRY, BOTH LOCAL AND NATIONAL PERSPECTIVES. IN FY2025 (SEP 2024-AUG 2025), WE OFFERED MORE THAN 25 IN PERSON AND VIRTUAL EVENTS, ATTENDED BY MORE THAN 1400 PEOPLE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 41-1861989
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2004
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $621,500
- Income (IRS master file)
- $532,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $532,347 | $511,916 | $621,500 | XML |
| 990 | August 2024 | $471,478 | $521,631 | $597,394 | IRS |
| 990 | August 2023 | $462,913 | $464,215 | $626,469 | XML |
| 990 | August 2022 | $488,537 | $414,416 | $646,817 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1861989).
Questions about CFA SOCIETY OF MINNESOTA
- What is the EIN of CFA SOCIETY OF MINNESOTA?
- The employer identification number (EIN) of CFA SOCIETY OF MINNESOTA is 41-1861989.
- Is CFA SOCIETY OF MINNESOTA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2004.
- Are donations to CFA SOCIETY OF MINNESOTA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CFA SOCIETY OF MINNESOTA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CFA SOCIETY OF MINNESOTA due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CFA SOCIETY OF MINNESOTA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of CFA SOCIETY OF MINNESOTA?
- The 990 for the year ended August 31, 2025 names SHANNON SCHAAF.
- Who are the officers and directors of CFA SOCIETY OF MINNESOTA?
- The 990 for the year ended August 31, 2025 lists 15 people; 1 received compensation from the organization, the highest $123,008 (SHANNON SCHAAF, EXECUTIVE DIRECTOR).
- How much revenue does CFA SOCIETY OF MINNESOTA have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $532,347, expenses of $511,916 and total assets of $621,500 at year end.
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All nonprofits in MINNEAPOLIS · Minnesota · Community improvement and capacity building