Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1986.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
33 people listed on the 990; $6.9M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Paul Smith Cfa Thru 82019 | — | — | — | — | — | $1,734,363 |
| Margaret Franklin | $1,444,710 | — | — | — | — | — |
| Margaret Franklin Cfa | — | $1,413,115 | $1,258,421 | $1,276,066 | $558,892 | — |
| Allison Holmes | — | — | — | $838,124 | $580,154 | — |
| Gary Baker | — | — | — | $724,790 | $389,335 | $518,718 |
| Nick Pollard End 92023 | — | $683,963 | — | — | — | — |
| Martin Colburn End 92025 | $678,575 | — | — | — | — | — |
| Steven Hendry | $632,182 | $583,742 | $531,455 | $278,131 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Promotes ethical standards, professional excellence, and investor protection in the global investment industry through education, advocacy, and a strict code of conduct.
Questions for Cfa Institute
Your first name shows with your question. Cfa Institute answers here, for everyone.
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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…
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.
Professional Development Member Services
The organization promotes lifelong learning by sponsoring and disseminating a variety of educational content to investment professionals on topics relevant to the profession. It also provides career development resources, creates affiliation and networking opportunities, and promotes awareness and recognition of member credentials to the…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $189.6M | $155.6M |
| InvestmentsLn 11–13 | $464.8M | $537.8M |
| Land, buildings, equipmentLn 10c | $5.8M | $4.8M |
| Total assetsLn 16 | $709.8M | $744.6M |
| LiabilitiesLn 26 | $447.8M | $431.8M |
| Net assetsLn 32 | $262.0M | $312.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $5.3M | |||
| Grants and assistance to foreign recipientsLn 3 | $12.2M | |||
| Pay of current officers, directors and key staffLn 5 | $7.2M | |||
| Other salaries and wagesLn 7 | $84.6M | |||
| Pension plan contributionsLn 8 | $10.1M | |||
| Other employee benefitsLn 9 | $9.8M | |||
| Payroll taxesLn 10 | $5.9M | |||
| Management feesLn 11a | $150K | |||
| Legal feesLn 11b | $1.5M | |||
| Accounting feesLn 11c | $4.8M | |||
| Investment management feesLn 11f | $195K | |||
| Other fees for servicesLn 11g | $10.4M | |||
| Advertising and promotionLn 12 | $14.9M | |||
| Office expensesLn 13 | $12.9M | |||
| Information technologyLn 14 | $21.9M | |||
| OccupancyLn 16 | $13.3M | |||
| TravelLn 17 | $472K | |||
| Conferences, conventions and meetingsLn 19 | $1.5M | |||
| InterestLn 20 | $140K | |||
| Depreciation, depletion and amortizationLn 22 | $11.0M | |||
| InsuranceLn 23 | $1.4M | |||
| Other expenses (24a–d)Ln 24 | $68.1M | |||
| All other expensesLn 24e | $1.9M | |||
| Total functional expensesLn 25 | $299.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $462.9M | $298.4M | $164.5M | $565.1M | 990 PDF |
| FY2023 | $360.3M | $272.0M | $88.4M | $397.6M | 990 PDF |
| FY2022 | $346.8M | $278.7M | $68.1M | $291.6M | 990 PDF |
| FY2021 Viewing | $299.6M | $299.6M | $55K | $312.8M | 990 PDF |
| FY2020 | $185.0M | $304.1M | −$119.2M | $262.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $299,621,233 revenue, 12 lines filed
Part VI · Governance 13 of 14 board members independent, no flags
Part VIII · Statement of revenue $299,621,233 across 7 lines filed
Part IX · Statement of functional expenses $299,566,682 across 23 lines filed
Part X · Balance sheet $744,557,424 assets, 17 lines filed
Part XI · Reconciliation of net assets $312,762,053 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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