Nonprofit · EIN 74-2385850
CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,387,332 | $9,754,216 | -$1,366,884 | $45,935,726 | $13,330,579 | $32,605,147 |
| December 31, 2023 | 990 | $4,470,722 | $7,520,331 | -$3,049,609 | $54,254,908 | $21,923,562 | $32,331,346 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,720,197
- Program service revenue
- $184,369
- Investment income
- $2,151,819
- Royalties
- $1,940,025
- Net gain from sales of assets
- $1,131,297
- Other revenue
- $2,330,947
Expenses
- Grants and similar amounts paid
- $559,602
- Compensation of officers, directors and key employees
- $344,949
- Other salaries and wages
- $1,630,127
- Salaries, compensation and benefits (total)
- $2,581,901
- Professional fundraising fees
- $0
- Legal fees
- $43,907
- Occupancy
- $117,317
- Travel
- $225,966
- Depreciation
- $103,780
- Program services (functional)
- $7,276,611
- Management and general (functional)
- $2,174,177
- Fundraising (functional)
- $303,428
Balance sheet and other
- Total assets, start of year
- $54,254,908
- Total assets, end of year
- $45,935,726
- Total liabilities, end of year
- $13,330,579
- Net assets, end of year
- $32,605,147
- Land, buildings and equipment
- $3,686
- Publicly traded securities
- $28,450,088
- Net assets without donor restrictions
- $27,811,641
- Net assets with donor restrictions
- $4,793,506
- Gross receipts
- $20,051,371
- Employees
- 152
- Volunteers
- 611
- Year formed
- 1985
- State of legal domicile
- DC
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN KELLER | CHIEF EXECUTIVE OFFICER Officer | 5 | $1,106,080 | $185,473 |
| LEO RYDZEWSKI | GENERAL COUNSEL Officer | 5 | $646,442 | $137,118 |
| DANE SNOWDEN | CHIEF OPERATING OFFICER Key employee | 5 | $553,504 | $156,529 |
| THOMAS SPORKIN | MANAGING DIRECTOR Key employee | 5 | $476,001 | $145,221 |
| JOSEPH MAUGERI | MANAGING DIRECTOR THRU 08/24 Highest-paid employee | 5 | $537,250 | $68,723 |
| KEVIN YEA | CHIEF FINANCIAL OFFICER Officer | 5 | $413,298 | $107,727 |
| ELIZABETH STEWART | CHIEF OPERATING OFFICER THRU 01/24 Key employee | 5 | $375,511 | $47,960 |
| JAMES KATSAOUNIS | MANAGING DIRECTOR Highest-paid employee | 5 | $342,865 | $59,269 |
| JOHN LOPER | MANAGING DIRECTOR Highest-paid employee | 5 | $320,496 | $64,690 |
| ERIN KOEPPEL | MANAGING DIRECTOR Highest-paid employee | 5 | $324,322 | $49,555 |
| LISA DAVIS | MANAGING DIRECTOR Key employee | 40 | $232,434 | $112,515 |
| ADAM ZAJAC | MANAGING DIRECTOR Highest-paid employee | 5 | $293,891 | $44,932 |
| MATT BOERSEN CFP CFA | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LOUIS BARAJAS CFP MBA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARGUERITA CHENG CFP | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANERI JAMBUSARIA CFP MBA | BOARD MEMBER Trustee or director | 2 | $0 |
| TERRI KALLSEN CFP | BOARD MEMBER Trustee or director | 2 | $0 |
| MALIK LEE CFP CAP APMA | BOARD MEMBER Trustee or director | 2 | $0 |
| LINDA LEITZ PHDCFP EA | BOARD MEMBER Trustee or director | 2 | $0 |
| ELIZABETH K MILLER CFP CFA | BOARD MEMBER Trustee or director | 2 | $0 |
| PETER ROHR CFP | BOARD MEMBER Trustee or director | 2 | $0 |
| MARTIN SEAY PH D CFP | BOARD MEMBER Trustee or director | 2 | $0 |
| RICHARD SHAW CFP MBA | BOARD MEMBER Trustee or director | 2 | $0 |
| RICK SHERLOCK | BOARD MEMBER Trustee or director | 2 | $0 |
| NANCY SMITH JD | BOARD MEMBER Trustee or director | 2 | $0 |
| ELISSE WALTER JD | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN KELLER | CHIEF EXECUTIVE OFFICER Officer | 5 | $1,628,423 | $182,811 |
| LEO RYDZEWSKI | GENERAL COUNSEL Officer | 5 | $612,833 | $115,226 |
| ELIZABETH STEWART | CHIEF OPERATING OFFICER Key employee | 5 | $550,284 | $117,661 |
| THOMAS SPORKIN | MANAGING DIRECTOR Key employee | 5 | $447,657 | $119,321 |
| KEVIN YEA | CHIEF FINANCIAL OFFICER Officer | 5 | $384,505 | $98,224 |
| MAUREEN THOMPSON | VP OF PUBLIC POLICY Key employee | 5 | $452,632 | $29,453 |
| JOSEPH MAUGERI | MANAGING DIRECTOR Highest-paid employee | 5 | $389,519 | $86,084 |
| ROGER MYERS JR | STRATEGIC ADVISOR Key employee | 1 | $369,064 | $32,876 |
| ERIN KOEPPEL | MANAGING DIRECTOR Highest-paid employee | 5 | $304,982 | $34,616 |
| JAMES KATSAOUNIS | MANAGING DIRECTOR Highest-paid employee | 5 | $300,028 | $38,710 |
| JOHN LOPER | MANAGING DIRECTOR Highest-paid employee | 5 | $276,758 | $47,305 |
| ADAM ZAJAC | DIRECTOR Highest-paid employee | 5 | $291,635 | $23,538 |
| CATHERINE HEALY | MANAGING DIRECTOR Key employee | 40 | $188,457 | $23,326 |
| DAN MOISAND CFP | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MATT BOERSEN CFP CFA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELIZABETH K MILLER CFP CFA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ANERI JAMBUSARIA CFP MBA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RICK SHERLOCK | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| NANCY SMITH JD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TERRI KALLSEN CFP | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LOUIS BARAJAS CFP MBA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| PETER ROHR CFP | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARTIN SEAY PH D CFP | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARGUERITA CHENG CFP | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RICHARD SHAW CFP MBA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ROBERTA KARMEL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ALEX ROZMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1425 K ST NW STE 800, WASHINGTON, DC 20005-3673
- Principal officer (990 for 2024)
- KEVIN R KELLER CEO, 1425 K STREET NW 800, WASHINGTON, DC 20005
- Signed the 990
- KEVIN YEA CPA, CHIEF FINANCIAL OFFICER
- Phone
- (202) 379-2200
- Website
- WWW.CFP.NET
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MISSION OF CFP BOARD CENTER FOR FINANCIAL PLANNING, A 501(C)(3) NONPROFIT ORGANIZATION, IS TO ADVANCE COMPETENT AND ETHICAL FINANCIAL PLANNING AND EXPAND CFP PROFESSIONAL DIVERSITY FOR THE BENEFIT OF THE PUBLIC.
Program accomplishments
- ACADEMICS, SCHOLARSHIPS AND CONTENTCFP BOARD CENTER FOR FINANCIAL PLANNING ADMINISTERS SCHOLARSHIP PROGRAMS THAT ASSIST INDIVIDUALS ASPIRING TO BECOME A CFP PROFESSIONAL WITH COMPLETING THE EDUCATION AND EXAM REQUIREMENTS FOR CFP CERTIFICATION.THESE SCHOLARSHIPS ARE SUPPORTED BY THE GENEROUS DONATIONS OF SPONSORS AND DONORS WHO REALIZE THE BENEFIT OF CREATING A MORE DIVERSE AND SUSTAINABLE FINANCIAL PLANNING PROFESSION. EACH SCHOLARSHIP HAS DIFFERENT REQUIREMENTS, APPLICATION PROCESSES AND DEADLINES TO FOLLOW TO BE ELIGIBLE FOR CONSIDERATION. CONTINUED ON SCHEDULE O.CFP BOARD CENTER FOR FINANCIAL PLANNING HAS A COMPREHENSIVE RESEARCH AGENDA THAT DEVELOPS DEEP AND LEADING INSIGHTS THAT ASSESS THE IMPACT OF FINANCIAL PLANNING ON CLIENTS' WELL-BEING, TRACK TRENDS, AND GAUGE PROFESSIONALS AND THE PUBLIC'S PERCEPTIONS ON CRITICAL FINANCIAL PLANNING TOPICS. STARTING IN 2023, CFP BOARD CENTER FOR FINANCIAL PLANNING HAS COLLABORATED WITH FOUR WELL-RESPECTED ACADEMIC RESEARCHERS TO DEVELOP A DEFINITION OF FINANCIAL WELL-BEING THAT WILL SERVE AS THE BASIS OF A 10-YEAR LONGITUDINAL STUDY. THE RESEARCHERS CONDUCTED THE STUDY'S INITIAL SURVEY IN 2024 THAT WILL TRACK THE IMPACT OF PROFESSIONAL FINANCIAL PLANNING ADVICE ON THE WELL-BEING OF INDIVIDUALS AND FAMILIES. ALSO IN 2024, CFP BOARD CENTER FOR FINANCIAL PLANNING LAUNCHED AN ANNUAL STUDY ON HIGH SCHOOL AND COLLEGE STUDENTS' AWARENESS OF FINANCIAL PLANNING AS A CAREER CHOICE AND THEIR RELATIONSHIP WITH MONEY AND PERSONAL FINANCE.CFP BOARD HOSTS CONNECTIONS CONFERENCE WHERE PARTICIPANTS IN THE FINANCIAL ADVICE ECOSYSTEM INCLUDING FINANCIAL PLANNING PRACTITIONERS, FIRM LEADERS, EDUCATORS, RESEARCHERS, AND STUDENTS COME TOGETHER FOR HIGH-IMPACT LEARNING, CUTTING-EDGE INSIGHTS, AND PRACTICAL TAKEAWAYS. CONNECTIONS CONFERENCE WAS HELD IN WASHINGTON DC IN SEPTEMBER 2024.Expenses $6,950,639 · grants $559,602 · revenue $2,124,394
- PRO BONOCFP BOARD CENTER FOR FINANCIAL PLANNING RECOGNIZES THAT PRO BONO FINANCIAL PLANNING NOT ONLY BENEFITS THOSE SERVED BUT ALSO ENHANCES THE PROFESSION AND HELPS BUILD THE FINANCIAL PLANNING WORKFORCE OF THE FUTURE. CFP BOARD CENTER FOR FINANCIAL PLANNING PARTNERS WITH THE FOUNDATION FOR FINANCIAL PLANNING TO HELP MAKE PRO BONO OPPORTUNITIES, TRAINING AND RESOURCES AVAILABLE TO ALL CFP PROFESSIONALS.17,916 CFP PROFESSIONALS REPORTED 389,435 HOURS OF PRO BONO FINANCIAL PLANNING IN 2024 AND OUR GOAL IS TO GROW THE NUMBER OF CFP PROFESSIONALS PROVIDING PRO BONO SERVICE TO OVER 25,000 BY THE END OF 2026.Expenses $325,972
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2385850
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $45,935,726
- Income (IRS master file)
- $20,051,371
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,387,332 | $9,754,216 | $45,935,726 | XML |
| 990 | December 2023 | $4,470,722 | $7,520,331 | $54,254,908 | XML |
| 990 | December 2022 | $48,603,332 | $53,430,544 | $82,364,201 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 74-2385850).
Questions about CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC
- What is the EIN of CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC?
- The employer identification number (EIN) of CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC is 74-2385850.
- Is CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 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 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 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 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 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 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC?
- The 990 for the year ended December 31, 2024 names KEVIN R KELLER CEO.
- Who are the officers and directors of CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 12 received compensation from the organization, the highest $1,106,080 (KEVIN KELLER, CHIEF EXECUTIVE OFFICER).
- How much revenue does CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,387,332, expenses of $9,754,216 and total assets of $45,935,726 at year end.
Other nonprofits in WASHINGTON
- AMERICA VOTES EIN 26-4568349 · last filed 990 for 2025
- AMERICAN ASSOCIATION OF STATE HIGHWAY & TRANSPORTATION OFFICIALS EIN 53-0204654 · last filed 990 for 2025
- CORPORATION FOR TRAVEL PROMOTION EIN 36-4681868 · last filed 990 for 2025
- NORTH AMERICAN ELECTRIC RELIABILITY CORP EIN 20-4821888 · last filed 990 for 2024
- EDISON ELECTRIC INSTITUTE EIN 13-0659550 · last filed 990 for 2024
- HOUSE MAJORITY FORWARD EIN 83-4185105 · last filed 990 for 2024
- SOUNDEXCHANGE INC EIN 76-0742496 · last filed 990 for 2024
- GREEN BUSINESS CERTIFICATION INC EIN 26-0893414 · last filed 990 for 2024
All nonprofits in WASHINGTON · District of Columbia · Community improvement and capacity building