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Nonprofit · EIN 41-1957604

FINANCIAL PLANNING ASSOCIATION

Also known as FPA OF MINNESOTA

Tax-exempt · MINNEAPOLIS, MN 55416

Financials

$507K$526K2023$387K$471K2024
Revenue Expenses · by fiscal year end
Financials of FINANCIAL PLANNING ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$386,749$470,738-$83,989$210,523$16,390$194,133
December 31, 2023990$507,218$526,237-$19,019$270,197$5,700$264,497
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,135
Program service revenue
$382,610
Investment income
$3,004
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,129
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,575
Travel
$1,620

Balance sheet and other

Total assets, start of year
$270,197
Total assets, end of year
$210,523
Total liabilities, end of year
$16,390
Net assets, end of year
$194,133
Net assets without donor restrictions
$194,133
Gross receipts
$386,749
Employees
0
Volunteers
50
Year formed
2000
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
BRUCE LORENZChairman
Trustee or director, Officer
3$0
NICOLE MEEKERPresident
Trustee or director, Officer
3$0
ALEX PENGELLYPresident ELECT
Trustee or director, Officer
3$0
MARK BRICETreasurer
Trustee or director, Officer
3$0
DAVID LEFLARDirector
Trustee or director
1$0
MAI YANGDirector
Trustee or director
1$0
DANA BREWERDirector
Trustee or director
1$0
JEANNA FIFERDirector
Trustee or director
1$0
COREY ANDERSONDirector
Trustee or director
1$0
VINCE DARLINGDirector
Trustee or director
1$0
KEITH LOVELANDDirector
Trustee or director
1$0
DAN MCDONALDPRESIDENT ELECT
Trustee or director
1$0
ELIZABETH SCOTTDirector
Trustee or director
1$0
KRISTY GUSICKDirector
Trustee or director
1$0
JASON KLEYDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
PETER SNOWChairman
Trustee or director, Officer
4$0
BRUCE LORENZPresident
Trustee or director, Officer
4$0
NICOLE MEEKERPRESIDENT ELECT
Trustee or director, Officer
4$0
MARK BRICETreasurer
Trustee or director, Officer
4$0
DAVID LEFLARDirector
Trustee or director
2$0
MAI YANGDirector
Trustee or director
2$0
JEANNA FIFERDirector
Trustee or director
2$0
BONNIE ROMANODirector
Trustee or director
2$0
LEE RYANDirector
Trustee or director
2$0
KEITH LOVELANDDirector
Trustee or director
2$0
DAN MCDONALDDirector
Trustee or director
2$0
ALEX PENGELLYDirector
Trustee or director
2$0
COREY ANDERSONDirector
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1601 UTICA AVE S STE 213, MINNEAPOLIS, MN 55416-3487
In care of
% JESSICA HAWTHORNE
Principal officer (990 for 2024)
ALEX PENGELLY, 1601 UTICA AVE S 213, MINNEAPOLIS, MN 55416
Signed the 990
NICOLE MEEKER, CHAIRPERSON
Phone
(651) 290-7466
Return prepared by
Petersen Professionals PC

Mission

Provide membership education, meetings & annual conference covering informational topics for members to keep current on & that are used to provide financial services to the public. Members earn educational credits as required by the CFP Board, State of Minnesota, State of Wisconsin, NASBA, CIMA & CLE.

990 for the year ended December 31, 2024

Program accomplishments

  • Held 7 educational meetings covering informational topics that members need to keep current on & that are used in providing financial planning services to the public. Members earn educational credits as required by the CFP Board of Standards, the State of Minnesota, the Minnesota Board of Continuing Legal Education, the National Association of the State Board of Accountancy, & the Investment Management Consultants Association.
  • Held an annual conference for the financial planning industry and members to learn about financial planning issues & earn educational credits as required by the CFP Board of Standards, the State of Minnesota, the National Association of the State Board of Accountancy, the Investment Management Consultants Association, & the Minnesota Board of Continuing Legal Education. Up to 15 continuing education units.
  • Held special events for consumers, financial planning industry & members to learn about financial planning issues, including focus on educating consumers about financial planning as well as students & career changers with scholarships provided for their continued education to attain the certified financial planner designation.

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1957604
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2000
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$210,523
Income (IRS master file)
$386,749

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$386,749$470,738$210,523XML
990December 2023$507,218$526,237$270,197XML
990December 2022$228,916$339,084$306,173IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 41-1957604).

Questions about FINANCIAL PLANNING ASSOCIATION

What is the EIN of FINANCIAL PLANNING ASSOCIATION?
The employer identification number (EIN) of FINANCIAL PLANNING ASSOCIATION is 41-1957604.
Is FINANCIAL PLANNING ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2000.
Are donations to FINANCIAL PLANNING ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FINANCIAL PLANNING ASSOCIATION 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 FINANCIAL PLANNING ASSOCIATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FINANCIAL PLANNING ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FINANCIAL PLANNING ASSOCIATION?
The 990 for the year ended December 31, 2024 names ALEX PENGELLY.
Who are the officers and directors of FINANCIAL PLANNING ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
How much revenue does FINANCIAL PLANNING ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $386,749, expenses of $470,738 and total assets of $210,523 at year end.

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