EIN 54-1386480

CFA Institute

IRS 501(c) type
501(c)(6)
Num. employees
502
Year formed
1986
Most recent tax filings
2023-08-01
NTEE code, primary
Description
CFA Institute fosters finance education, upholds ethical standards, and administers the CFA program, supporting investment professionals globally for improved investor outcomes.
Total revenues
$360,345,275
2023
Total expenses
$271,991,297
2023
Total assets
$774,533,858
2023
Num. employees
502
2023

Program areas at CFA Institute

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.
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.
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.

Who funds CFA Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Armand G Erpf FundEducational$775
Clare and Robert Gray Charitable FoundationCharity$299

Personnel at CFA Institute

NameTitleCompensation
Margaret FranklinPresident and Chief Executive Officer$1,258,421
James Chris AinsworthChief Administrative Officer / Chief Operating Officer
Marty P. ColburnChief Operating Officer
Allison HolmesChief Finance and Risk Officer / Chief Financial Officer$580,154
Steven HendryChief Financial Officer$531,455
...and 30 more key personnel

Financials for CFA Institute

RevenuesFYE 08/2023
Total grants, contributions, etc.$0
Program services$327,156,040
Investment income and dividends$20,172,069
Tax-exempt bond proceeds$0
Royalty revenue$539,909
Net rental income$73,743
Net gain from sale of non-inventory assets$-881,014
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$13,284,528
Total revenues$360,345,275

Form 990s for CFA Institute

Fiscal year endingDate received by IRSFormPDF link
2023-082024-06-25990View PDF
2022-082023-06-28990View PDF
2021-082022-07-12990View PDF
2020-082021-07-21990View PDF
2019-082020-09-15990View PDF
...and 10 more Form 990s
Data update history
September 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 31, 2024
Updated personnel
Identified 8 new personnel
August 26, 2024
Used new vendors
Identified 2 new vendors, including , and
June 14, 2024
Used new vendors
Identified 3 new vendors, including , , and
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Professional associationsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Business and industry
Characteristics
MembershipsOperates internationallyCommunity engagement / volunteering
General information
Address
915 E High St
Charlottesville, VA 22902
Metro area
Charlottesville, VA
County
Charlottesville city, VA
Website URL
cfainstitute.org/ 
Phone
(434) 951-5499
Facebook page
CFAInstitute 
Twitter profile
@cfainstitute 
IRS details
EIN
54-1386480
Fiscal year end
August
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813920: Professional Associations
Parent/child status
Central organization
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