2024-06-25T09:50:58-05:00 2023-08-31 135565207 KPMG LLP 8350 BROAD STREET SUITE 900 MCLEAN VA 22102 990 2022-09-01 541386480 CFA INSTITUTE CFAI 4349515499 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 MARGARET FRANKLIN PRESIDENT & CEO 4349515499 2024-06-20 1 MARGARET FRANKLIN 999009999 0 BRIAN KEARNS P02061479 7032868000 2024-06-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARGARET FRANKLIN 915 EAST HIGH ST CHARLOTTESVILLE VA 229022083 361226289 0 X WWW.CFAINSTITUTE.ORG X 1986 VA SEE STATEMENT O 14 13 502 4862 476706 195399 390617 0 328773914 327156040 15981661 19291055 1669768 13898180 346815960 360345275 17520751 15034322 0 0 104169159 102328540 0 0 0 157042669 154628435 278732579 271991297 68083381 88353978 663377785 774533858 371824941 376977607 291552844 397556251 X SEE STATEMENT O 0 0 THE CHARTERED FINANCIAL ANALYST (CFA) PROGRAM: THE ORGANIZATION ADMINISTERS THE CFA PROGRAM, A THREE-LEVEL, EDUCATION AND EXAMINATION PROGRAM COVERING TOPICS ESSENTIAL TO THE INVESTMENT DECISION-MAKING PROCESS. PROGRAM TOPICS FORM THE CANDIDATE BODY OF KNOWLEDGE AND INCLUDE ETHICAL AND PROFESSIONAL STANDARDS, QUANTITATIVE METHODS, ECONOMICS, FINANCIAL STATEMENT REPORTING AND ANALYSIS, CORPORATE FINANCE, EQUITY AND FIXED-INCOME ANALYSIS, ALTERNATIVE INVESTMENTS, DERIVATIVES, PORTFOLIO MANAGEMENT, AND WEALTH PLANNING. PROFESSIONAL DEVELOPMENT SERVICES: THE ORGANIZATION PROMOTES LIFELONG LEARNING BY DEVELOPING AND DISSEMINATING A VARIETY OF EDUCATIONAL COURSES AND CERTIFICATES TO INVESTMENT PROFESSIONALS ON TOPICS RELEVANT TO THE PROFESSION, INCLUDING CERTIFICATE IN ESG INVESTING; CLIMATE RISK, VALUATION AND INVESTING CERTIFICATE, PRIVATE MARKETS AND ALTERNATIVE INVESTMENTS CERTIFICATES, DATA SCIENCE FOR INVESTMENT PROFESSIONS CERTIFICATE, THE CERTIFICATE IN INVESTMENT PERFORMANCE MANAGEMENT AND INVESTMENT FOUNDATIONS CERTIFICATE. STANDARDS ADVOCACY, AND THOUGHT LEADERSHIP: THE ORGANIZATION IS A LEADING VOICE ON ISSUES OF FAIRNESS, EFFICIENCY, AND INVESTOR PROTECTION IN GLOBAL CAPITAL MARKETS AND PROMOTES HIGH STANDARDS OF ETHICS, INTEGRITY, AND PROFESSIONAL EXCELLENCE WITHIN THE INVESTMENT COMMUNITY. THE ORGANIZATION ALSO PROMOTES AND ENFORCES THE CFA INSTITUTE CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT. ALL MEMBERS OF THE ORGANIZATION AND CANDIDATES IN THE CFA PROGRAM ARE REQUIRED TO ADHERE TO THIS CODE. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 1 X 262 0 1 502 1 1 1 1 HK CH IN UK SN AE 0 0 0 0 1 0 X 14 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X STEVEN HENDRY 4349515499 915 EAST HIGH STREET CHARLOTTESVILLE VA 229022083 MARGARET FRANKLIN CFA PRES & CEO & RESRCH FDN BD MEM 40.00 1.00 X X 1258421 0 47171 MARK LAZBERGER CFA BOG CHAIR 1.00 0.00 X X 0 0 0 TRICIA ROTHSCHILD CFA BOG VICE CHAIR 1.00 0.00 X X 0 0 0 GEOFFREY NG CFA BOARD MEMBER 1.00 0.00 X 0 0 0 MARIA WILTON CFA BOARD MEMBER 1.00 0.00 X 0 0 0 DANIEL FASCIANO CFA BOARD MEMBER 1.00 0.00 X 0 0 0 HEINZ HOCKMANN PHD BOARD MEMBER 1.00 1.00 X 0 0 0 BAILEY MARSHALL CFA BOARD MEMBER 1.00 0.00 X 0 0 0 OYEBANJI FEHINTOLA CFA BOARD MEMBER 1.00 0.00 X 0 0 0 PUNITA KUMAR-SINHA CFA BOARD MEMBER 1.00 1.00 X 0 0 0 ALEXANDER BIRKIN BOARD MEMBER 1.00 0.00 X 0 0 0 MEI GAO CFA BOARD MEMBER 1.00 0.00 X 0 0 0 JOANNE HILL PHD BOARD MEMBER 1.00 1.00 X 0 0 0 YIMEI LI CFA BOARD MEMBER 1.00 0.00 X 0 0 0 STEVEN HENDRY CHIEF FINANCIAL OFFICER 40.00 0.00 X 531455 0 65644 JOE LANGE CORPORATE SECRETARY 40.00 0.00 X 210077 0 48294 MARTIN COLBURN MANAGING DIRECTOR 40.00 0.00 X 577156 0 49571 SHERI KELLY MANAGING DIRECTOR 40.00 0.00 X 560152 0 57592 PAUL ANDREWS MANAGING DIRECTOR 40.00 0.00 X 548046 0 58569 MICHAEL COLLINS EXIT 62022 MANAGING DIRECTOR 40.00 0.00 X 547515 0 51073 BARBARA PETITT EXIT 22023 MANAGING DIRECTOR 40.00 0.00 X 516900 0 64672 CHRIS WIESE MANAGING DIRECTOR 40.00 0.00 X 466561 0 64384 ANDREW ROME MANAGING DIRECTOR 40.00 0.00 X 342592 0 56490 CHRIS AINSWORTH EXIT 62022 MANAGING DIRECTOR 40.00 0.00 X 245320 0 40124 PEG JOBST EXIT 42022 MANAGING DIRECTOR 40.00 0.00 X 190425 0 28257 PAUL MOODY MANAGING DIRECTOR 40.00 0.00 X 461295 0 5391 CAROLE CRAWFORD EXIT 72023 MANAGING DIRECTOR 40.00 0.00 X 464771 0 49096 HEIDI DIEDRICH EXIT 82022 SENIOR HEAD, GLOBAL B2C 40.00 0.00 X 453287 0 47660 SANDY PETERS SENIOR HEAD, FIN. RPT POLICY 40.00 0.00 X 415504 0 58373 MIKE PETERSON CHIEF TECHOLOGY OFFICER 40.00 0.00 X 407416 0 57325 VITO LORE SENIOR HEAD, STRATEGY & PLAN. 40.00 0.00 X 391203 0 64169 LEILANI HALL SENIOR HEAD, CODES AND STAND. 40.00 0.00 X 419734 0 48504 KURT SCHACHT CFA EXIT 122022 SENIOR HEAD ADV 40.00 0.00 X 303410 0 60955 NICK POLLARD MANAGING DIRECTOR 40.00 0.00 X 517817 0 75557 9829057 0 1098871 305 1 1 0 PROMETRIC LLC 500 ROSS ST PITTSBURGH PA 15262 PROFESSIONAL SVS 30618965 DATAART SOLUTIONS INC 475 PARK AVENUE SOUTH 15TH FLOOR NEW YORK NY 10016 PROFESSIONAL SVS 9523685 THE GATE WORLDWIDE LLC 71 5TH AVE 8TH FLOOR NEW YORK NY 10003 ADVERTISING 7558966 BRITISH COUNCIL 1 REDMAN PLACE STRATFORD LONDON UK E20 1JQ PROFESSIONAL SVS 7412362 WATERMELON EXPRESS INC DBA BENCHPREP 111 S WACKER DRIVE SUITE 1200 CHICAGO IL 60606 PROFESSIONAL SVS 5600000 91 CANDIDATE FEES 900099 247460809 247460809 MEMBERSHIP DUES 900099 50504684 50504684 EDUCATIONAL PRODUCTS 611710 29190547 29190547 327156040 20172069 20172069 539909 539909 73743 0 73743 73743 73743 881014 -881014 -881014 -881014 MISCELLANEOUS 900099 12641791 12641791 CAREER CENTER REVENUE 541900 476706 476706 SERVICE FEE REP. OFFICE 900099 166031 166031 13284528 360345275 339963862 476706 19904707 4080606 10953716 6186400 74077922 8447918 8230664 5385636 821 1553934 2421548 248576 13366052 10858491 13948129 28744372 9677194 6179282 997199 202 10124842 1033577 EXAM ADMIN EXPENSES 35925764 PRODUCT MERCH COSTS 11065233 CONTRACT LABOR & RECRUI 5097898 STAFF TRAINING 418154 2967167 271991297 26500161 22301469 121370794 177060774 6140290 8188525 16013659 17263214 30682706 15763493 4550228 14919213 464572076 497808221 15209514 18016314 9021063 18976128 663377785 774533858 52216426 48271795 317242347 306689592 2366168 22016220 371824941 376977607 X 291552844 397556251 291552844 397556251 663377785 774533858 X 88353978 14255376 -600200 3994253 X 0 1 X 1 0 0 0 0 50504684 51104 51104 51104 5736950 3144848 2592102 24945756 12618645 12327111 14919213 LEASE OBLIGATIONS AND FINANCE LIABILITY 19555393 OTHER TAXES PAYABLE 1864980 UNCLAIMED PROPERTY 304962 DUE TO AFFILIATES 189261 FEDERAL EXCISE TAX 52900 SOCIETY DUES PAYABLE 48724 22016220 X 379095988 14255376 3862899 -248576 17869699 361226289 -881014 -881014 360345275 273092581 4463099 -3113239 1349860 271742721 248576 248576 271991297 PART X, LINE 2: CFA INSTITUTE HAS PERFORMED AN EVALUATION OF ALL UNRELATED BUSINESS INCOME AND HAS MAINTAINED ITS TAX-EXEMPT STATUS. CFA INSTITUTE HAS DETERMINED THAT IT HAS ADEQUATELY PROVIDED FOR ALL OPEN TAX YEARS AND HAS NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -248,576. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -881,014. PART XII, LINE 2D - OTHER ADJUSTMENTS: FAILED SALE LEASEBACK ADJUSTMENT -3,994,253. LOSS ON SALE OF ASSETS 881,014. 1 CENTRAL AMERICA & THE CARRIBEAN PROGRAM SERVICES MEMBER & ADMIN SUPPORT 1572 EAST ASIA & THE PACIFIC 6 55 PROGRAM SERVICES MEMBER & ADMIN SUPPORT 19199001 EUROPE 2 59 PROGRAM SERVICES MEMBER & ADMIN SUPPORT 14562925 MIDDLE EAST & NORTH AFRICA 1 5 PROGRAM SERVICES MEMBER & ADMIN SUPPORT 1966210 NORTH AMERICA PROGRAM SERVICES MEMBER & ADMIN SUPPORT 129230 RUSSIA & THE NEWLY INDEPENDENT STATES PROGRAM SERVICES MEMBER & ADMIN SUPPORT 120 SOUTH AMERICA PROGRAM SERVICES MEMBER & ADMIN SUPPORT 21924 SOUTH ASIA 1 24 PROGRAM SERVICES MEMBER & ADMIN SUPPORT 4332758 SUB-SAHARAN AFRICA PROGRAM SERVICES MEMBER & ADMIN SUPPORT 19455 CENTRAL AMERICA & THE CARRIBEAN GRANTMAKING N/A 127465 EAST ASIA & THE PACIFIC GRANTMAKING N/A 2250198 EUROPE GRANTMAKING N/A 3945090 MIDDLE EAST & NORTH AFRICA GRANTMAKING N/A 607190 NORTH AMERICA GRANTMAKING N/A 1798581 RUSSIA & NEIGHBORING STATES GRANTMAKING N/A 113185 SOUTH AMERICA GRANTMAKING N/A 490629 SOUTH ASIA GRANTMAKING N/A 857166 SUB-SAHARAN AFRICA GRANTMAKING N/A 764213 10 143 0 0 10 143 40213740 10973172 51186912 CENTRAL AMERICA & THE CARRIBEAN GEN SUPPORT 15017 WIRE/CHECK 0 N/A N/A CENTRAL AMERICA & THE CARRIBEAN GEN SUPPORT 17658 WIRE/CHECK 0 N/A N/A CENTRAL AMERICA & THE CARRIBEAN GEN SUPPORT 36593 WIRE/CHECK 0 N/A N/A CENTRAL AMERICA & THE CARRIBEAN GEN SUPPORT 28407 WIRE/CHECK 0 N/A N/A CENTRAL AMERICA & THE CARRIBEAN GEN SUPPORT 14297 WIRE/CHECK 0 N/A N/A CENTRAL AMERICA & THE CARRIBEAN GEN SUPPORT 15493 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 315069 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 50679 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 89536 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 305559 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 132239 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 77163 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 143865 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 68544 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 43919 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 357985 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 461768 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 109030 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 46877 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 7288 WIRE/CHECK 0 N/A N/A EAST ASIA & THE PACIFIC GEN SUPPORT 36800 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 38352 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 32515 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 53905 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 35474 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 38713 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 42927 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 382350 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 582539 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 103164 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 18769 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 48657 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 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EUROPE GEN SUPPORT 8159 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 14996 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 27214 WIRE/CHECK 0 N/A N/A EUROPE GEN SUPPORT 8000 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 8925 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 39064 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 71925 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 30962 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 49817 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 105084 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 24784 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 156114 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 21802 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 24694 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 15590 WIRE/CHECK 0 N/A N/A MIDDLE EAST & NORTH AFRICA GEN SUPPORT 58429 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 186334 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 34229 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 531305 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 43183 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 92824 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 49891 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 45616 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 27885 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 44638 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 32701 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 547097 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 93063 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 32341 WIRE/CHECK 0 N/A N/A NORTH AMERICA GEN SUPPORT 37473 WIRE/CHECK 0 N/A N/A RUSSIA & NEIGHBORING STATES GEN SUPPORT 72565 WIRE/CHECK 0 N/A N/A RUSSIA & NEIGHBORING STATES GEN SUPPORT 40620 WIRE/CHECK 0 N/A N/A SOUTH AMERICA GEN SUPPORT 55537 WIRE/CHECK 0 N/A N/A SOUTH AMERICA GEN SUPPORT 258800 WIRE/CHECK 0 N/A N/A SOUTH AMERICA GEN SUPPORT 45701 WIRE/CHECK 0 N/A N/A SOUTH AMERICA GEN SUPPORT 35160 WIRE/CHECK 0 N/A N/A SOUTH AMERICA GEN SUPPORT 45285 WIRE/CHECK 0 N/A N/A SOUTH AMERICA GEN SUPPORT 50146 WIRE/CHECK 0 N/A N/A SOUTH ASIA GEN SUPPORT 37447 WIRE/CHECK 0 N/A N/A SOUTH ASIA GEN SUPPORT 616632 WIRE/CHECK 0 N/A N/A SOUTH ASIA GEN SUPPORT 117291 WIRE/CHECK 0 N/A N/A SOUTH ASIA GEN SUPPORT 83818 WIRE/CHECK 0 N/A N/A SUB-SAHARAN AFRICA GEN SUPPORT 127836 WIRE/CHECK 0 N/A N/A SUB-SAHARAN AFRICA GEN SUPPORT 32229 WIRE/CHECK 0 N/A N/A SUB-SAHARAN AFRICA GEN SUPPORT 29694 WIRE/CHECK 0 N/A N/A SUB-SAHARAN AFRICA GEN SUPPORT 217682 WIRE/CHECK 0 N/A N/A SUB-SAHARAN AFRICA GEN SUPPORT 348272 WIRE/CHECK 0 N/A N/A SUB-SAHARAN AFRICA GEN SUPPORT 8500 WIRE/CHECK 0 N/A N/A 0 102 0 0 0 0 0 1 PART I, LINE 2: INDIVIDUAL GRANT PAYMENTS ARE MONITORED AND TRACKED BY CFA INSTITUTE STAFF. GRANT RECIPIENTS ARE REQUIRED TO SUBMIT DETAILED BUSINESS PLANS, BUDGETS AND REPORTS. ADDITIONALLY AS PART OF THE GRANT MONITORING PROCEDURES, THE GRANT RECIPIENTS HAVE TO PROVIDE CFA INSTITUTE THEIR FINANCIALS ANNUALLY. CFA INSTITUTE IS ALSO ABLE TO CONDUCT AN AUDIT OF THE SOCIETY GRANT RECIPIENTS AT ANY TIME. CFA INSTITUTE ENSURES THAT ITS GRANT AGREEMENTS CONTAIN LANGUAGE RESTRICTING THE USE OF GRANT FUNDS TO BE USED FOR ANY PURPOSE OTHER THAN AS SPECIFIED IN THE INDIVIDUAL GRANT. THE GRANT FUNDS CAN NEITHER BE USED TO REIMBURSE THE EXPENSES THAT SOCIETY GRANT RECIPIENTS INCURRED PRIOR TO THE GRANT'S APPROVAL, NOR CAN THE GRANT FUNDS RESULT IN AN UNEXPECTED SURPLUS FOR THE SOCIETY GRANT RECIPIENTS. THESE PROCEDURES ENSURE THAT NO AMOUNTS CAN BE USED FOR THE INUREMENT OF PRIVATE INDIVIDUALS, INCLUDING INDIVIDUAL MEMBERS. PART III ACCOUNTING METHOD: 1 CFA INSTITUTE RESEARCH FOUNDATION 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 546063408 501(C)(3) 176441 0 N/A N/A GEN SUPPORT CFA SOCIETIES TEXAS PO BOX 1467 AUSTIN TX 787671467 454833185 501(C)(6) 57338 0 N/A N/A GEN SUPPORT CFA SOCIETY ALABAMA 100 OFFICE PARK DR BIRMINGHAM AL 35223 631064381 501(C)(6) 35989 0 N/A N/A GEN SUPPORT CFA SOCIETY ARKANSAS 111 CENTER STREET 1ST FLOOR LITTLE ROCK AR 72201 582055805 501(C)(6) 28133 0 N/A N/A GEN SUPPORT CFA SOCIETY ATLANTA 4355 COBB PARKWAY SUITE J-533 ATLANTA GA 30339 581105110 501(C)(6) 44448 0 N/A N/A GEN SUPPORT CFA SOCIETY AUSTIN PO BOX 1467 AUSTIN TX 787671467 721621543 501(C)(6) 38486 0 N/A N/A GEN SUPPORT CFA SOCIETY BALTIMORE 575 S CHARLES ST STE 500 BALTIMORE MD 21201 520895933 501(C)(6) 50870 0 N/A N/A GEN SUPPORT CFA SOCIETY BOSTON 101 FEDERAL ST SUITE 502 BOSTON MA 02110 237069432 501(C)(6) 153540 0 N/A N/A GEN SUPPORT CFA SOCIETY BUFFALO PO BOX 529 ELLICOTT STATION BUFFALO NY 14205 205170662 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GRANT RECIPIENTS ARE REQUIRED TO SUBMIT DETAILED BUSINESS PLANS, BUDGETS AND REPORTS. ADDITIONALLY AS PART OF THE GRANT MONITORING PROCEDURES, THE GRANT RECIPIENTS HAVE TO PROVIDE CFA INSTITUTE THEIR FINANCIALS ANNUALLY. CFA INSTITUTE IS ALSO ABLE TO CONDUCT AN AUDIT OF THE SOCIETY GRANT RECIPIENTS AT ANY TIME. ALL DOMESTIC GRANTEES HAVE BEEN DEEMED TO BE TAX-EXEMPT ENTITIES THAT ARE SUBJECT TO PRIVATE INUREMENT PROHIBITIONS JUST AS CFA INSTITUTE IS. THESE GRANTS ARE NOT USED TO PROVIDE FUNDS TO ANY INDIVIDUAL MEMBERS. X X X X X 1 1 X X X X X 1 0 0 MARGARET FRANKLIN CFA PRES & CEO & RESRCH FDN BD MEM 658000 0 570400 0 30021 0 36600 0 10571 0 1305592 0 0 0 MARTIN COLBURN MANAGING DIRECTOR 330000 0 228300 0 18856 0 36600 0 12971 0 626727 0 0 0 SHERI KELLY MANAGING DIRECTOR 350000 0 205364 0 4788 0 36600 0 20992 0 617744 0 0 0 PAUL ANDREWS MANAGING DIRECTOR 350000 0 187200 0 10846 0 36600 0 21969 0 606615 0 0 0 MICHAEL COLLINS EXIT 62022 MANAGING DIRECTOR 139110 0 214816 0 193589 0 36600 0 14473 0 598588 0 0 0 STEVEN HENDRY CHIEF FINANCIAL OFFICER 330000 0 198000 0 3455 0 36600 0 29044 0 597099 0 0 0 NICK POLLARD MANAGING DIRECTOR 350430 0 132063 0 35324 0 54052 0 21505 0 593374 0 0 0 BARBARA PETITT EXIT 22023 MANAGING DIRECTOR 276474 0 190215 0 50211 0 36600 0 28072 0 581572 0 0 0 CHRIS WIESE MANAGING DIRECTOR 301516 0 161752 0 3293 0 36600 0 27784 0 530945 0 0 0 CAROLE CRAWFORD EXIT 72023 MANAGING DIRECTOR 305662 0 152500 0 6609 0 36600 0 12496 0 513867 0 0 0 HEIDI DIEDRICH EXIT 82022 SENIOR HEAD, GLOBAL B2C 150552 0 93817 0 208918 0 31188 0 16472 0 500947 0 0 0 SANDY PETERS SENIOR HEAD, FIN. RPT POLICY 302750 0 107784 0 4970 0 36600 0 21773 0 473877 0 0 0 LEILANI HALL SENIOR HEAD, CODES AND STAND. 301740 0 108583 0 9411 0 36600 0 11904 0 468238 0 0 0 PAUL MOODY MANAGING DIRECTOR 280894 0 173039 0 7362 0 0 0 5391 0 466686 0 0 0 MIKE PETERSON CHIEF TECHOLOGY OFFICER 292415 0 103341 0 11660 0 36600 0 20725 0 464741 0 0 0 VITO LORE SENIOR HEAD, STRATEGY & PLAN. 289700 0 98354 0 3149 0 36600 0 27569 0 455372 0 0 0 ANDREW ROME MANAGING DIRECTOR 257007 0 83378 0 2207 0 36600 0 19890 0 399082 0 0 0 KURT SCHACHT CFA EXIT 122022 SENIOR HEAD ADV 230104 0 64293 0 9013 0 34516 0 26439 0 364365 0 0 0 CHRIS AINSWORTH EXIT 62022 MANAGING DIRECTOR 156439 0 27850 0 61031 0 25690 0 14434 0 285444 0 0 0 JOE LANGE CORPORATE SECRETARY 169507 0 37868 0 2702 0 24885 0 23409 0 258371 0 0 0 PEG JOBST EXIT 42022 MANAGING DIRECTOR 110000 0 29536 0 50889 0 18580 0 9677 0 218682 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: MEMBERS OF THE LEADERSHIP TEAM AS WELL AS OTHER MANAGING DIRECTORS ARE ELIGIBLE FOR FIRST CLASS AIR TRAVEL. MEMBERS OF THE LEADERSHIP TEAM, MANAGING DIRECTORS, AND THE BOARD OF GOVERNORS ARE ELIGIBLE FOR FIRST CLASS RAIL TRAVEL. TRAVEL FOR COMPANION: COMPANION TRAVEL IS AVAILABLE AS OF THE POLICY REVISION DATE FOR THE FOLLOWING GROUPS WITH THE COST OF THE SECOND TICKET COVERED BY CFA INSTITUTE BUT REPRESENTING TAXABLE INCOME TO THE TRAVELER. THIS BENEFIT DOES NOT ROLL OVER IF NOT USED WITHIN THE FISCAL YEAR. *MEMBERS OF THE LEADERSHIP TEAM ARE ELIGIBLE ON ONE TRIP PER FISCAL YEAR TO PURCHASE AN ADDITIONAL TICKET FOR ONE COMPANION IN THE SAME CLASS OF SERVICE. THIS DOES NOT APPLY TO NON-LEADERSHIP TEAM MANAGING DIRECTORS. *MEMBERS OF THE BOARD OF GOVERNORS ARE ELIGIBLE TO PURCHASE AN ADDITIONAL TICKET FOR ONE COMPANION IN THE SAME CLASS OF SERVICE FOR ONE BUSINESS TRIP PER FISCAL YEAR. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: CFA INSTITUTE PROVIDED A GROSS UP ON INCOME REPORTED TO CEO TO COVER IMPUTED INCOME ASSOCIATED WITH THE PROVISION OF OUTSIDE TAX PREPARATION SERVICES. HOUSING ALLOWANCE OR RESIDENT FOR PERSONAL USE: CFA INSTITUTE PAYS FOR RELOCATION HOUSING AND INCLUDES THIS IN THE EMPLOYEE'S COMPENSATION. AS CUSTOMARY IN LOCAL COUNTRY, CFA INSTITUTE EMPLOYEES WHO LIVE AND WORK IN HONG KONG, INDIA, OR UNITED ARAB EMIRATES ARE PROVIDED HOUSING ALLOWANCES WHICH ARE INCLUDED IN COMPENSATION. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: EFFECTIVE 1 JANUARY 2023, LIFESTYLE SPENDING ACCOUNTS (LSA'S) WERE ESTABLISHED FOR ALL CFA INSTITUTE EMPLOYEES. FUNDS ALLOCATED TO THE LSA'S CAN BE USED FOR REIMBURSEMENT OF APPROVED EXPENSES RELATED TO MEMBER HEALTH AND WELLNESS, UP TO A MAXIMUM AMOUNT. PRIOR TO THAT, THE U.S. WELLNESS PROGRAM CHANGED IN CY2016 FROM A REIMBURSABLE PLAN TO A CREDIT-WELLNESS PROGRAM. HOWEVER, U.S. EMPLOYEES WHO WERE NOT COVERED BY A CFA INSTITUTE HEALTH PLAN, AND NON-U.S. EMPLOYEES WERE STILL ELIGIBLE FOR REIMBURSEMENTS ASSUMING THEY QUALIFY. PART I, LINE 4A SEVERANCE PAYMENTS WERE MADE AS FOLLOWS: MICHAEL COLLINS $176,167 HEIDI DIEDRICH $187,975 SHERI KELLY KEY EMPLOYEE 54462 EMPLOYMENT COMPENSATION TO A FAMILY MEMBER 0 PART 1, LINE 1: TO LEAD THE INVESTMENT PROFESSION GLOBALLY BY PROMOTING THE HIGHEST STANDARDS OF ETHICS, EDUCATION, AND PROFESSIONAL EXCELLENCE FOR THE ULTIMATE BENEFIT OF SOCIETY. PART III, LINE 1: CFA INSTITUTE IS THE GLOBAL, NON-PROFIT PROFESSIONAL MEMBERSHIP ASSOCIATION THAT ADMINISTERS THE CHARTERED FINANCIAL ANALYST (CFA) CERTIFICATE, THE CERTIFICATE IN INVESTMENT PERFORMANCE MEASUREMENT (CIPM), AND THE CERTIFICATE IN ESG INVESTING AND ALSO PROVIDES PROFESSIONAL LEARNING COURSES. EXAMINATION PROGRAMS ARE CONDUCTED WORLDWIDE ALONG WITH RESEARCH, PROFESSIONAL DEVELOPMENT PROGRAMS AND PROFESSIONAL CONDUCT ENFORCEMENT FOR ITS INDIVIDUAL MEMBERS. THE ORGANIZATION SETS VOLUNTARY, ETHICS-BASED PROFESSIONAL AND PERFORMANCE-REPORTING STANDARDS FOR THE INVESTMENT PROFESSION. THE STATED MISSION OF THE ORGANIZATION IS TO LEAD THE INVESTMENT PROFESSION GLOBALLY BY PROMOTING THE HIGHEST STANDARDS OF ETHICS, EDUCATION, AND PROFESSIONAL EXCELLENCE FOR THE ULTIMATE BENEFIT OF SOCIETY. CFA INSTITUTE PURSUES THIS MISSION ON BEHALF OF ITS INDIVIDUAL MEMBERS WHO CURRENTLY NUMBER 205,957 IN 169 MARKETS. CFA INSTITUTE'S MEMBERSHIP INCLUDES 199,799 CFA CHARTERHOLDERS AND EXTENDS ITS REACH INTO LOCAL COMMUNITIES THROUGH A NETWORK OF 160 MEMBER SOCIETIES IN 82 MARKETS. CFA INSTITUTE IS HEADQUARTERED IN CHARLOTTESVILLE, VIRGINIA, UNITED STATES, WITH BRANCH OFFICES IN LONDON, BRUSSELS, HONG KONG, NEW YORK, AND WASHINGTON D.C. AND SUBSIDIARY OFFICES IN BEIJING, HONG KONG, MUMBAI, SHANGHAI, SINGAPORE AND ABU DHABI. MORE INFORMATION ON THE ORGANIZATION CAN BE FOUND AT WWW.CFAINSTITUTE.ORG. FORM 990, PART VI, SECTION A, LINE 6 THE FOUR CLASSES OF MEMBERSHIP IN CFA INSTITUTE ARE REGULAR, AFFILIATE, CHARTER-HOLDER MEMBERS AND MEMBER SOCIETIES. REGULAR MEMBERS ARE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED AT MEMBER MEETINGS. FORM 990, PART VI, SECTION A, LINE 7A REGULAR MEMBERS HAVE ONE VOTE PER EACH MATTER SUBMITTED INCLUDING THE RIGHT TO ELECT THE OFFICERS (CHAIR AND VICE CHAIR) AND MEMBERS OF THE CFA INSTITUTE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PRESENTED TO THE AUDIT AND FINANCE COMMITTEE AND DISCUSSED IN DETAIL. IN ADDITION, COPIES ARE PROVIDED TO EACH OF THE BOARD OF GOVERNORS. THESE PRESENTATIONS TAKE PLACE PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COLLECTED ANNUALLY. EMPLOYEE AND BOARD OF GOVERNORS' DISCLOSURES ARE DIRECTED TO THE CHIEF COMPLIANCE OFFICER. THE CONFLICT OF INTEREST POLICY PROVIDES VARIOUS AVENUES FOR REPORTING, INCLUDING ANYONE WISHING TO ESCALATE CONCERNS DIRECTLY TO THE RISK COMMITTEE CHAIR. COMPLIANCE TRAINING ON THE CODE OF CONDUCT, INCLUDING ON CONFLICTS OF INTEREST, IS REQUIRED FOR ALL NEW EMPLOYEES AND ONGOING ANNUALLY. ALL EMPLOYEES ACKNOWLEDGE THEIR UNDERSTANDING AND ADHERENCE TO POLICY WITHIN THE CODE OF CONDUCT ANNUALLY. THE RESTRICTIONS IMPOSED ON A PERSON WITH A CONFLICT VARY BASED ON THE NATURE OF THE CONFLICT AND THE SITUATION; HOWEVER, RESOLUTION OF A CONFLICT COULD INCLUDE PROHIBITING A BOARD MEMBER FROM PARTICIPATING IN A PARTICULAR DELIBERATION AND/OR DECISION. FORM 990, PART VI, SECTION B, LINE 15 TO ENSURE ONGOING AND EFFECTIVE CORPORATE GOVERNANCE, THE BOARD OF GOVERNORS UTILIZES A COMMITTEE - THE PEOPLE AND CULTURE (PAC) COMMITTEE - COMPRISED OF THREE GOVERNORS WHO ARE INDEPENDENT OF MANAGEMENT OF CFA INSTITUTE AND ARE FREE OF ANY RELATIONSHIP THAT WOULD INTERFERE WITH THEIR EXERCISE OF INDEPENDENT JUDGMENT. THE PAC COMMITTEE SETS THE COMPENSATION OF THE CEO, INCLUDING ANY INCENTIVE, AND ENGAGES INDEPENDENT CONSULTANTS AS NEEDED TO PROVIDE COMPENSATION RECOMMENDATIONS. THE COMMITTEE ENSURES THAT INDEPENDENT COMPARATIVE COMPENSATION STUDIES ARE CONDUCTED ON AN BIENNIAL BASIS TO GAUGE THE COMPETITIVENESS OF EXECUTIVE COMPENSATION AT CFA INSTITUTE. THE MOST RECENT EXECUTIVE MARKET STUDY WAS CONDUCTED IN FY2023, WHEN CFA INSTITUTE RETAINED A GLOBAL MANAGEMENT CONSULTING FIRM TO PROVIDE COMPETITIVE PAY BENCHMARKS THAT REFLECT THE MARKETS FROM WHICH CFA INSTITUTE WOULD MOST LIKELY RECRUIT EXECUTIVE TALENT. PEER GROUP SELECTION SPANNED DIFFERENT INDUSTRY SECTORS, INCLUDING NOT-FOR-PROFIT AND FINANCIAL SERVICES FIRMS, AND GENERAL INDUSTRY. THE NOT-FOR-PROFIT PEER GROUP SELECTION WAS BASED ON CRITERIA THAT INCLUDED MISSION, REVENUE, HEADCOUNT AND GLOBAL PRESENCE. PAY DATA WAS COLLECTED FROM PUBLICLY DISCLOSED IRS FORM 990S. DATA FOR THE OTHER INDUSTRY SECTORS WAS SOURCED USING BOTH THIRD-PARTY SURVEY DATA AND INFORMATION DISCLOSED ON PUBLIC FILINGS. THE CONSULTING FIRM PERFORMED THIS STUDY ON AN INDEPENDENT FEE BASIS. ADDITIONALLY, THE CFA INSTITUTE PAC COMMITTEE ALSO ENGAGES INDEPENDENT ADVISORS TO HELP INTERPRET HOW THE REPORTED MARKET DATA APPLIES TO CFA INSTITUTE'S EXECUTIVE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC THROUGH THE ORGANIZATION'S WEBSITE, WWW.CFAINSTITUTE.ORG. FORM 990, PART XI, LINE 9: FAILED SALE LEASEBACK ADJUSTMENT 3,994,253. CFA INSTITUTE CHINA LIMITED 27/F HENLEY BUILDING 5 QUEENS ROA HONG KONG HK 980615079 PROF. ORG HK 166031 1417555 CFA INSTITUTE CFA INSTITUTE INDIA PRIVATE LTD 702 7TH FLOOR ONE BKC TOWER G BL MUMBAI MAHARASHTRA IN 400051 981196398 PROF. ORG IN 2940590 3744888 CFA INSTITUTE CFA GLOBAL HOLDINGS LLC 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 471269465 HOLDINGS VA 0 0 CFA INSTITUTE SI WEI BEIJING ENTERPRISE MGMT FL 55 UNITS 01 11B 12 CHINA WOR BEIJING CH 100004 981228213 PROF. ORG CH 5137784 6651472 CFA INSTITUTE CHINA LIMITED CFA INSTITUTE SINGAPORE PVT LTD 30 RAFFLES PL 23-01 SINGAPORE SN 048622 981261400 PROF. ORG SN 38890 544303 CFA INSTITUTE CFA INSTITUTE LTD PART OF FL 7 AL MAQAM TOWER ADGM SQUARE AE 981442588 PROF. ORG AE 1125869 1483428 CFA INSTITUTE CFA INSTITUTE RESEARCH FOUNDATION 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 546063408 INV.RESEARCH VA 501 (C)(3) LINE 7 CFA INSTITUTE 1 CVILLE OPERATIONS HOLDINGS INC 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 455449709 REAL ESTATE VA CFA INSTITUTE C 3225270 44438921 1.00000 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 CVILLE OPERATIONS HOLDINGS INC B 1000000 FAIR MARKET VALUE CFA INSTITUTE RESEARCH FOUNDATION O 600200 HISTORICAL COST CFA INSTITUTE RESEARCH FOUNDATION B 176441 FAIR MARKET VALUE