2024-11-08T10:16:16-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 742385850 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS CENTER FOR FINANCIAL PLANNING CERT 2023792200 1425 K STREET NW 800 WASHINGTON DC 20005 KEVIN YEA CPA CHIEF FINANCIAL OFFICER 2023792200 2024-11-05 1 0 ROBERT WILLIAMS P01345960 5712279500 2024-11-05 2023 2024-10-15 13:58:12Z X KEVIN R KELLER CEO 1425 K STREET NW 800 WASHINGTON DC 20005 15344580 0 X WWW.CFP.NET X 1985 DC ADVANCE COMPETENT AND ETHICAL FINANCIAL PLANNING AND EXPAND CFP PROFESSIONAL DIVERSITY FOR THE BENEFIT OF THE PUBLIC. X 14 14 153 387 0 0 3048027 1939817 46121710 10647 -647903 1016466 81498 1503792 48603332 4470722 0 0 0 0 16581444 2434958 13076 0 361837 36836024 5085373 53430544 7520331 -4827212 -3049609 82364201 54254908 51077254 21923562 31286947 32331346 X " 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. 0 1 4922976 1847785 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.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. IN 2023, CFP BOARD CENTER FOR FINANCIAL PLANNING COLLABORATED WITH 3 WELL-RESPECTED ACADEMIC RESEARCHERS TO DEVELOP A DEFINITION OF FINANCIAL WELL-BEING THAT WILL SERVE AS THE BASIS OF A 10-YEAR LONGITUDINAL STUDY, LAUNCHING IN 2024, THAT WILL TRACK THE IMPACT OF PROFESSIONAL FINANCIAL PLANNING ADVICE ON THE WELL-BEING OF INDIVIDUALS AND FAMILIES. ALSO IN 2023, CFP BOARD CENTER FOR FINANCIAL PLANNING PUBLISHED 3 SURVEY REPORTS FOCUSED ON AMERICANS' VIEW OF THEIR FINANCIAL PROSPECTS AND THE FINANCIAL PLANNING PROFESSION'S ROLE IN PROMOTING GREATER FINANCIAL WELL-BEING. 278331 PROBONO-CFP 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.15,504 CFP PROFESSIONALS REPORTED 330,192 HOURS OF PRO BONO FINANCIAL PLANNING IN 2023 AND OUR GOAL IS TO GROW THE NUMBER OF CFP PROFESSIONALS PROVIDING PRO BONO SERVICE TO OVER 25,000 BY THE END OF 2026. 5201307 1 1 0 1 0 0 0 0 1 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 1 100 0 153 1 0 0 0 0 1 1 1 1 0 0 0 0 1 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OK OR PA RI SC TN UT VA WA WV CO CT NV OH X KEVIN YEA 2023792260 1425 K STREET NW WASHINGTON DC 20005 DAN MOISAND CFP BOARD CHAIR 2.00 3.00 X X 0 0 0 MATT BOERSEN CFP CFA BOARD MEMBER 2.00 3.00 X 0 0 0 ELIZABETH K MILLER CFP CFA BOARD MEMBER 2.00 3.00 X 0 0 0 ANERI JAMBUSARIA CFP MBA BOARD MEMBER 2.00 3.00 X 0 0 0 RICK SHERLOCK BOARD MEMBER 2.00 3.00 X 0 0 0 NANCY SMITH JD BOARD MEMBER 2.00 3.00 X 0 0 0 TERRI KALLSEN CFP BOARD MEMBER 2.00 3.00 X 0 0 0 LOUIS BARAJAS CFP MBA BOARD MEMBER 2.00 3.00 X 0 0 0 PETER ROHR CFP BOARD MEMBER 2.00 3.00 X 0 0 0 MARTIN SEAY PH D CFP BOARD MEMBER 2.00 3.00 X 0 0 0 MARGUERITA CHENG CFP BOARD MEMBER 2.00 3.00 X 0 0 0 RICHARD SHAW CFP MBA BOARD MEMBER 2.00 3.00 X 0 0 0 ROBERTA KARMEL BOARD MEMBER 2.00 3.00 X 0 0 0 ALEX ROZMAN BOARD MEMBER 2.00 3.00 X 0 0 0 KEVIN KELLER CHIEF EXECUTIVE OFFICER 5.00 40.00 X 1628423 0 182811 LEO RYDZEWSKI GENERAL COUNSEL 5.00 40.00 X 612833 0 115226 KEVIN YEA CHIEF FINANCIAL OFFICER 5.00 40.00 X 384505 0 98224 ROGER MYERS JR STRATEGIC ADVISOR 1.00 8.00 X 369064 0 32876 ELIZABETH STEWART CHIEF OPERATING OFFICER 5.00 40.00 X 550284 0 117661 MAUREEN THOMPSON VP OF PUBLIC POLICY 5.00 40.00 X 452632 0 29453 CATHERINE HEALY MANAGING DIRECTOR 40.00 5.00 X 188457 0 23326 THOMAS SPORKIN MANAGING DIRECTOR 5.00 40.00 X 447657 0 119321 JOHN LOPER MANAGING DIRECTOR 5.00 40.00 X 276758 0 47305 ERIN KOEPPEL MANAGING DIRECTOR 5.00 40.00 X 304982 0 34616 ADAM ZAJAC DIRECTOR 5.00 40.00 X 291635 0 23538 JAMES KATSAOUNIS MANAGING DIRECTOR 5.00 40.00 X 300028 0 38710 JOSEPH MAUGERI MANAGING DIRECTOR 5.00 40.00 X 389519 0 86084 6196777 0 949151 47 0 1 0 THE BUNTIN GROUP INC 230 WILLOW STREET NASHVILLE TN 37210 ADVERTISING 14537839 MARKETING GENERAL INC 625 NORTH WASHINGTON STREET SUITE 4 ALEXANDRIA VA 22314 MARKETING SERVICES 1150075 PROMETRIC INC 1501 SOUTH CLINTON STREET BALTIMORE MD 21224 TESTING SERVICES 1065080 ABILA INC 9620 EXECUTIVE CENTER DR N 200 ST PETERSBURG FL 33702 SOFTWARE DEVELOPMENT 653508 CMGPARTNERS 359 BLACKWELL ST SUITE 240 DURHAM NC 27701 CONSULTING 623076 43 299799 186643 1453375 125485 1939817 EDUCATIONAL FEES 900099 10647 10647 10647 901488 901488 1837138 1837138 9945194 446000 10276216 0 -331022 446000 114978 114978 91200 299799 597642 -506442 -506442 SHARED SERVICE REVENUE 900099 173096 173096 173096 4470722 1847785 0 683120 X 211783 116481 84713 10589 1742613 1596465 46121 100027 195146 171037 13064 11045 132600 116218 8877 7505 152816 133937 10230 8649 18892 13589 3650 1653 9801 9801 2008731 1679506 117216 212009 3353 2027 1326 197498 122566 71303 3629 44432 44432 119881 119881 161838 138664 22416 758 348400 341940 5938 522 95077 88810 816 5451 SHARED SERVICES 1485194 1485194 RECOGNITION, AWARDS & G 511574 511574 PROFESSIONAL DUES 39852 37397 2455 BAD DEBT 26355 26355 14495 11215 3280 7520331 5201307 1957187 361837 X 1206126 844289 0 361837 6467368 7697369 7112411 4522735 3730750 2257893 360973 25689 614496 67643 55414 19300791 12229 32649148 28161946 7796739 6586987 4331525 4990060 82364201 54254908 6095109 3561089 21096920 5000 25624 27985 23859601 18329488 51077254 21923562 X 27756897 33162317 3530050 -830971 31286947 32331346 82364201 54254908 -3049609 4094008 0 X 0 1 X 1 0 X 1496123 2015723 3937496 3048027 1939817 12437186 39299821 39782653 42968620 45571496 10647 167633237 40795944 41798376 46906116 48619523 1950464 180070423 249800 478625 2343000 1432887 239326 4743638 0 249800 478625 2343000 1432887 239326 4743638 175326785 1134148 1011626 939983 1081717 1033597 5201071 1134148 1011626 939983 1081717 1033597 5201071 1877825 1877825 41930092 42810002 47846099 49701240 4861886 187149319 0.93680 0.95610 0.02780 0.02340 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INTERCOMPANY ROYALTY INCOME - 2023 AMOUNT: $ 1,704,729. SHARED SERVICE REVENUE - 2023 AMOUNT: $ 173,096. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 5201307 5201307 410065 102516 0 0 1000000 1000000 1000000 410065 3410065 5115098 192000 178560 144000 0 514560 250000 250000 250000 102516 852516 1278774 0 25624 2362 27986 1 X 67643 55414 12229 12229 ARCHIPELAGO HOLDINGS 1587096 F STATE STREET 1600585 F IRONWOOD INTERNATIONAL LTD 3399306 F 6586987 CFP CERTIFICATION MARK 8159 DEFERRED COMPENSATION 4981901 4990060 DEFERRED COMPENSATION 4700500 INTERCOMPANY PAYABLE 13628988 18329488 X PART IV, LINE 2B: THE CENTER IS THE CUSTODIAN OF A SCHOLARSHIP FUND SETUP TO HELP AWARDEES PAY FOR EDUCATION COURSEWORK NEEDED FOR THE CFP EXAM AND TO BECOME A CFP PROFESSIONAL. TOM MOSER SCHOLARSHIP FUND PAYS OUT CERTIFICATION AND EXAM EXPENSES TO SCHOLARSHIP RECIPIENT ON BEHALF OF CORPORATE DONOR. PART X, LINE 2: THE CENTER IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. UNDER PROVISIONS OF THE IRC SECTION 501(C)(3), AND APPLICABLE STATE REGULATIONS, THE ORGANIZATION IS EXEMPT FROM TAXES EXCEPT FOR UNRELATED BUSINESS INCOME. FOR CONSOLIDATED FINANCIAL STATEMENT PURPOSES, THE ORGANIZATION IS REQUIRED TO RECORD A LIABILITY FOR ANY MATERIAL TAX POSITION TAKEN WHICH DOES NOT MEET THE MINIMUM THRESHOLDS OF MORE LIKELY THAN NOT TO BE SUCCESSFUL UNDER REGULATORY CHALLENGE. NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN 2023 OR 2022, SINCE MANAGEMENT BELIEVES THERE ARE NO MATERIAL UNRELATED BUSINESS INCOME OR MATERIAL UNCERTAIN TAX POSITIONS REQUIRING THE RECOGNITION OF A LIABILITY. 50TH ANNIVERSARY CELEBRATION 390999 299799 91200 45000 125919 12900 413823 390999 299799 91200 45000 125919 12900 413823 597642 -506442 X X X X X 0 1 0 0 0 0 0 0 0 KEVIN KELLER CHIEF EXECUTIVE OFFICER 706862 0 356870 0 564691 0 142300 0 40511 0 1811234 0 564691 0 LEO RYDZEWSKI GENERAL COUNSEL 461644 0 72000 0 79189 0 110400 0 4826 0 728059 0 79189 0 ELIZABETH STEWART CHIEF OPERATING OFFICER 399095 0 72000 0 79189 0 93750 0 23911 0 667945 0 79189 0 THOMAS SPORKIN MANAGING DIRECTOR 375657 0 72000 0 0 0 97635 0 21686 0 566978 0 0 0 KEVIN YEA CHIEF FINANCIAL OFFICER 334505 0 50000 0 0 0 89355 0 8869 0 482729 0 0 0 MAUREEN THOMPSON VP OF PUBLIC POLICY 195774 0 40000 0 216858 0 25752 0 3701 0 482085 0 216858 0 JOSEPH MAUGERI MANAGING DIRECTOR 278956 0 53999 0 56564 0 67424 0 18660 0 475603 0 56564 0 ROGER MYERS JR STRATEGIC ADVISOR 11434 0 58218 0 299412 0 31050 0 1826 0 401940 0 299412 0 ERIN KOEPPEL MANAGING DIRECTOR 263751 0 41231 0 0 0 29449 0 5167 0 339598 0 0 0 JAMES KATSAOUNIS MANAGING DIRECTOR 255778 0 44250 0 0 0 29156 0 9554 0 338738 0 0 0 JOHN LOPER MANAGING DIRECTOR 237162 0 39596 0 0 0 28126 0 19179 0 324063 0 0 0 ADAM ZAJAC DIRECTOR 250592 0 41043 0 0 0 17368 0 6170 0 315173 0 0 0 CATHERINE HEALY MANAGING DIRECTOR 176457 0 12000 0 0 0 17385 0 5941 0 211783 0 0 0 PART I, LINE 4B 457(F) PLAN - ALL APPROVED EXECUTIVES PARTICIPATE IN THE PLAN. A NON-QUALIFIED DEFERRED COMPENSATION PLAN IS MAINTAINED IN ACCORDANCE WITH SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR THE BENEFIT OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER (CEO) AND APPROVED EXECUTIVES. UNDER THE TERMS OF THE PLAN, BEGINNING JANUARY 1 OF EACH CALENDAR YEAR, EXECUTIVES WHO WERE EMPLOYED AT THE ORGANIZATION IN THE PREVIOUS CALENDAR YEAR MAY EARN A COMPENSATION AWARD AS DETERMINED BY THE CEO. SUCH A COMPENSATION AWARD IS ALSO REVIEWED BY THE CEO OVERSIGHT AND COMPENSATION COMMITTEE. THE CEO MAY EARN AN ADDITIONAL AMOUNT AS DETERMINED BY THE BOARD OF DIRECTORS. THE CEO'S DEFERRED COMPENSATION IS VESTED AND PAID OUT IN ACCORDANCE WITH THE TERMS OF HIS CONTRACT. EACH DEFERRED COMPENSATION AWARD FOR ALL OTHER APPROVED EXECUTIVES IS GENERALLY VESTED THREE YEARS FROM THE GRANT DATE. UPON VESTING THE AWARD IS PAID OUT TO THE EXECUTIVE. THE AWARD IS AT RISK OF FORFEITURE UNTIL IT IS FULLY VESTED. THE CASH DISTRIBUTION AMOUNTS REFLECTED ON THE SECOND LIST OF THE FOLLOWING PAGE WERE AWARDED PREVIOUSLY AND MET THE VESTING REQUIREMENTS DURING THE YEAR IN WHICH THEY WERE PAID OUT. THE FOLLOWING EXECUTIVES PARTICIPATED IN THE PLAN: NAME TITLE AMOUNT KEVIN R. KELLER CHIEF EXECUTIVE OFFICER $100,000 KEVIN YEA CHIEF FINANCIAL OFFICER $58,305 JOSEPH MAUGERI MANAGING DIRECTOR $36,374 LEO RYDZEWSKI GENERAL COUNSEL $79,350 ELIZABETH STEWART CHIEF OPERATING OFFICER $62,700 THOMAS SPORKIN MANAGING DIRECTOR $66,585 THE FOLLOWING EXECUTIVES RECEIVED A 457F CASH DISTRIBUTION: NAME TITLE AMOUNT KEVIN R. KELLER CHIEF EXECUTIVE OFFICER $564,691 ROGER MYERS STRATEGIC ADVISOR $299,412 JOSEPH MAUGERI MANAGING DIRECTOR $56,564 LEO RYDZEWSKI GENERAL COUNSEL $79,189 ELIZABETH STEWART CHIEF OPERATING OFFICER $79,189 MAUREEN THOMPSON VP OF PUBLIC POLICY $216,858 X 4 125485 FMV 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. ACCOUNTS RECEIVABLE, NET 2023-01-23 6872 BOOK VALUE 352787547 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1425 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) FURNITURE & FIXTURES 2023-01-23 70064 BOOK VALUE 352787548 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1426 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) ARTWORK 2023-01-23 35442 BOOK VALUE 352787549 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1427 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) OFFICE EQUIPMENT 2023-01-23 166549 BOOK VALUE 352787550 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1428 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) COMPUTER EQUIPMENT 2023-01-23 140854 BOOK VALUE 352787551 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1429 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) SOFTWARE 2023-01-23 587356 BOOK VALUE 352787552 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1430 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) LEASEHOLD IMPROVEMENTS 2023-01-23 2768136 BOOK VALUE 352787553 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1431 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) WEBSITE 2023-01-23 182437 BOOK VALUE 352787554 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1432 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) CONSTRUCTION IN PROGRESS 2023-01-23 1236721 BOOK VALUE 352787555 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1433 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) TEST BANK 2023-01-23 446000 BOOK VALUE 352787556 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1434 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) CURRENT DEPOSITS 2023-01-23 21892 BOOK VALUE 352787557 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1435 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) PREPAID EXPENSES-OTHER 2023-01-23 129110 BOOK VALUE 352787558 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1436 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) PREPAID INSURANCE 2023-01-23 279878 BOOK VALUE 352787559 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1437 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) PREPAID MAINTENANCE AGREEMENTS 2023-01-23 39924 BOOK VALUE 352787560 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1438 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) PREPAID RENT 2023-01-23 143556 BOOK VALUE 352787561 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1439 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) PREPAID POSTAGE 2023-01-23 135 BOOK VALUE 352787562 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1440 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) OFFICE SECURITY DEPOSIT 2023-01-23 152190 BOOK VALUE 352787563 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1441 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) FINANCING ROU 2023-01-23 65628 BOOK VALUE 352787564 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1442 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) OPERATING ROU 2023-01-23 13975771 BOOK VALUE 352787565 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1443 K STREET NW SUITE 800 WASHINGTON DC 20005 501(C)(6) 1 0 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: DAN MORISAND, CFPMATT BOERSEN, CFP, CFAELIZABETH K. MILER, CFP, CFAANERI JAMBUSARIA, CFP, MBARICK SHERLOCKNANCY SMITH, JDTERRI KALLSEN, CFPLOUIS BARAJAS, CFP, MBAPETER ROHR, CFPMARTIN SEAY, PH. D, CFPMARGUERITA CHENG, CFPRICHARD SHAW, CFP, MBAROBERTA KARMELALEX ROZMAN PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: ALL OF THE CENTER'S BOARD MEMBERS ALSO SERVE ON THE BOARD OF TRANFEREE ORGANIZATION CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC. FORM 990, PART III, LINE 3 A RELATED 501C6 ORGANIZATION, CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS, INC, BEGAN OPERATIONS IN 2023, ASSUMING RESPONSIBILITY FOR SEVERAL PROGRAM SERVICES PREVIOUSLY UNDERTAKEN BY THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE CPA FIRM CLIFTONLARSONALLEN LLP WITH SIGNIFICANT INPUT FROM CFP BOARD MANAGEMENT AND STAFF. IT IS THEN REVIEWED BY THE AUDIT COMMITTEE AND RISK COMMITTEE. ONCE THE AUDIT AND RISK COMMITTEE HAS APPROVED, THE FORM IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C CFP BOARD CENTER FOR FINANCIAL PLANNING ADDRESSES CONFLICTS OF INTEREST IN ITS EMPLOYEE HANDBOOK FOR EMPLOYEES AND VOLUNTEER AGREEMENT FOR VOLUNTEERS. CFP BOARD REQUIRES EMPLOYEES TO ADVISE THE DIRECTOR OF HUMAN RESOURCES, AND VOLUNTEERS TO NOTIFY CFP BOARD'S GENERAL COUNSEL, OF ANY TRANSACTION OR OTHER ACTIVITY THAT MIGHT PRESENT A CONFLICT OF INTEREST. STAFF CONFLICTS ARE REVIEWED BY THE HR DIRECTOR, AND VOLUNTEER CONFLICTS ARE REVIEWED BY EITHER THE GOVERNANCE COMMITTEE OR THE CEO, DEPENDING ON THE INDIVIDUAL INVOLVED. IN 2022, THE GOVERNANCE COMMITTEE REPORTED TO THE BOARD ON CONFLICTS THAT WERE REVIEWED WHERE ACTION WAS TAKEN AS WELL AS POTENTIAL CONFLICTS THAT WERE REVIEWED AND DETERMINED THAT WERE NOT ACTUAL OR PERCEIVED CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO OVERSIGHT AND COMPENSATION COMMITTEE ESTABLISHES AND MONITORS CEO COMPENSATION TO ENSURE THAT IT IS COMPETITIVE WITH OTHER NON-PROFIT INSTITUTIONS THAT FOCUS ON FINANCIAL SERVICES, LOCATED IN WASHINGTON, DC. THE COMMITTEE CONSISTS OF MEMBERS OF THE BOARD OF DIRECTORS AND DOES NOT INCLUDE THE CEO. THE COMMITTEE ENGAGED A COMPENSATION CONSULTANT TO EVALUATE THE CURRENT CEO SALARY AND STRUCTURE. THE CONSULTANT UTILIZED COMPARABLE DATA IN ORDER TO SUBSTANTIATE THEIR SALARY RECOMMENDATIONS FOR THE CEO. THIS PROCESS TOOK PLACE IN 2023. THE CEO ENGAGES A COMPENSATION CONSULTANT TO REVIEW AND EVALUATE OTHER OFFICER AND KEY EMPLOYEE SALARIES. THE CONSULTANT UTILIZED COMPARABLE DATA IN ORDER TO SUBSTANTIATE THEIR SALARY RECOMMENDATIONS FOR OTHER OFFICER AND KEY EMPLOYEE SALARIES. THIS PROCESS TOOK PLACE IN 2023. FORM 990, PART VI, SECTION C, LINE 19 CFP BOARD'S BYLAWS ARE AVAILABLE FOR DOWNLOAD FROM THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 520,952. MANAGEMENT AND GENERAL EXPENSES 113,503. FUNDRAISING EXPENSES 212,009. TOTAL EXPENSES 846,464. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 3,000. MANAGEMENT AND GENERAL EXPENSES 3,713. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,713. CONSULTING: PROGRAM SERVICE EXPENSES 662,762. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 662,762. RESEARCH: PROGRAM SERVICE EXPENSES 492,792. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 492,792. CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC 1425 K STREET NW STE 800 WASHINGTON DC 20005 352787547 CERTIFICATION DC 501(C)(6) LINE 10 0 1 0 1 1 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC C 186643 COST CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC D 13628988 COST CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC N 1485193 COST CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC O 173096 COST CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC A 1704729 COST