2026-05-07T11:13:39+00:00 2025-06-30 135381590 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 221023599 990 2024-07-01 581424769 ASSOCIATION FOR FINANCIAL PROFESSIONALS ASSO 3019618863 12345 PARKLAWN DR SUITE 200 ROCKVILLE MD 20852 FRANCINE HOPE-PRESSLEY CFO 3019618863 2026-05-07 false true TODD TERESCO P00247720 7038930600 2026-05-07 2024 2025-03-06 01:10:19Z JEFF GLENZER 12345 PARKLAWN DR SUITE 200 ROCKVILLE MD 20852 49899632 false X www.financialprofessionals.org X 1980 MD THE PROFESSIONAL SOCIETY THAT REPRESENTS FINANCE EXECUTIVES GLOBALLY. THE ASSOCIATION ESTABLISHED AND ADMINISTERS THE CERTIFIED TREASURY PROFESSIONALS AND CERTIFIED CORPORATE FP&A PROFESSIONAL CREDENTIALS, WHICH SET STANDARDS OF EXCELLENCE IN FINANCE. MEMBERS ARE SUPPORTED THROUGH RESEARCH, EDUCATION, CERTIFICATION, PUBLICATIONS AND REPRESENTATION. 19 19 60 200 512562 204994 0 0 22615391 25060256 804726 1841456 1664 1225 23421781 26902937 0 0 0 0 11635828 11801038 0 0 0 11835003 13150798 23470831 24951836 -49050 1951101 31567749 34136351 18912553 19455686 12655196 14680665 X AFP's mission is to drive the future of finance and treasury and develop the leaders of tomorrow through certification, training, and the premier event for treasury and finance and to be the preferred global resource and advocate for the finance profession. false false PROFESSIONAL DEVELOPMENT: INCLUDES CERTIFICATION AND EDUCATION. THE CERTIFIED TREASURY PROFESSIONAL (CTP) EXAM WAS ADMINISTERED TO APPROXIMATELY 1,800 CANDIDATES AND 640 CERTIFIED CORPORATE FINANCIAL PLANNING AND ANALYSIS (FP&A) EXAM PARTS WERE DELIVERED. IN ADDITION, APPROXIMATELY 2,687 CTPS AND 250 FP&AS, WHO MET THE REQUIREMENT FOR CONTINUING PROFESSIONAL EDUCATION CREDITS OVER A THREE-YEAR PERIOD, WERE RECERTIFIED. EDUCATION: CONDUCTED WORKSHOPS, WEBINARS AND SEMINARS ON A VARIETY OF TOPICS IN CORPORATE FINANCE. ANNUAL CONFERENCE: PREMIER NETWORKING AND EDUCATIONAL EVENT INCLUDING MORE THAN 140 WORKSHOPS, PEER REVIEWED LECTURES, AND PRESENTATIONS ON CORPORATE FINANCIAL MANAGEMENT TOPICS SUCH AS TREASURY AND CASH, BANK RELATIONSHIPS, LIQUIDITY, WORKING CAPITAL, PAYMENTS, FINANCIAL PLANNING AND ANALYSIS, AND PENSION AND EMPLOYEE PLANS. ATTENDANCE AT THE CONFERENCE WAS APPROXIMATELY 6,867 CORPORATE PRACTITIONERS, ASSOCIATES, AND ACADEMICS. COMMUNICATIONS: PUBLISHED MONTHLY MEMBERSHIP NEWSLETTERS AND BI-WEEKLY NEWSLETTERS WITH TOPICS COVERING BANKING, BUDGETING, BUSINESS PARTNERING, BUSINESS PERFORMANCE MANAGEMENT, CAREER DEVELOPMENT, COMMUNICATION AND DATA VISUALIZATION, CORPORATE PAYMENTS, FINANCIAL ANALYSIS, FORECASTING, ENTERPRISE PAYMENTS, PAYMENTS FRAUD, PLANNING, RISK MANAGEMENT, TECHNOLOGY TRENDS, TREASURY MANAGEMENT, WORKING CAPITAL MANAGEMENT. MEMBERSHIP & MARKETING RESEARCH 0 false false false false true false false false false false true true false true true true true false false true true false false false false false false false false true false false false false false false false false false false false false false false false true true false false false true 64 0 true 60 true true true false false false false false true false X 19 19 false false false false true true true true false false true true true true true true true true true true false false X FRANCINE HOPE-PRESSLEY 3019618863 12345 PARKLAWN DR SUITE 200 ROCKVILLE MD 20852 Camille King Director (AS OF 10.24) 5.0 0.0 X 0 0 0 Eric Ellis Director 5.0 0.0 X 0 0 0 Fred Schacknies Director (THRU 10.24)Treasuer/Vice Chair (AS OF 10.24) 5.0 0.0 X 0 0 0 Gaileon Thompson Director 5.0 0.0 X 0 0 0 Geetanjali Tandon Treasuer/Vice Chair (THRU OF 10.24)/CHAIR (AS OF 10.24) 5.0 0.0 X 0 0 0 Gina Collis Secretary (THRU 10.24)/Director 5.0 0.0 X 0 0 0 Jeff Altman Director 5.0 0.0 X 0 0 0 Joel Campbell Director 5.0 0.0 X 0 0 0 Mario Vasquez Director (AS OF 10.24) 5.0 0.0 X 0 0 0 May Vang Director 5.0 0.0 X 0 0 0 Meredith Vance Director 5.0 0.0 X 0 0 0 Michael High CHAIR (THRU 10.24)/FORMER CHAIR 5.0 0.0 X 0 0 0 Robert Whitaker Past Chair (THRU 10.24) 5.0 0.0 X 0 0 0 Sassan Parandeh Director (THRU 10.24)/Vice Chair / Secretary (AS OF 10.24) 5.0 0.0 X 0 0 0 Sherri Speaks Director (AS OF 10.24) 5.0 0.0 X 0 0 0 Susan Glass Director (THRU 10.24) 5.0 0.0 X 0 0 0 Tamara Saront-Eisner Director 5.0 0.0 X 0 0 0 Terri Mimms Director 5.0 0.0 X 0 0 0 Terry Crawford Special Counsel to the Board of Directors (THRU 10.24) 5.0 0.0 X 0 0 0 Tom Russell Director (AS OF 10.24) 5.0 0.0 X 0 0 0 Tracy Butler Director 5.0 0.0 X 0 0 0 William Washington III Director (AS OF 10.24) 5.0 0.0 X 0 0 0 Francine Hope-Pressley Chief Financial Officer 50.0 0.0 X 308383 0 55854 James Kaitz President, CEO 50.0 0.0 X 1121017 0 95299 Jeff Glenzer Executive Vice President, COO 50.0 0.0 X 476740 0 72120 Patrick Culkin Executive Vice President 50.0 0.0 X 524871 0 71890 Galina Kozachenko MD - Strategy, Analytics, Technology 50.0 0.0 X 294269 0 60925 Justin Barch MD - Revenue & Growth 50.0 0.0 X 180771 0 20353 Melissa Rawak MD - Membership, Marketing, Events 50.0 0.0 X 312923 0 55575 Biniam Dawit Director, Training Programs 40.0 0.0 X 222241 0 43088 Bryan Lapidus Director, FP&A 40.0 0.0 X 245062 0 44978 Diane Harris Director, Information Technology & Project Management Office 40.0 0.0 X 202987 0 39303 Himashi Soriano Director, APAC 40.0 0.0 X 507460 0 38817 Thomas Hunt Director, Treasury Services 40.0 0.0 X 200947 0 35228 4597671 0 633430 12 false true false T3 Expo LLC 8 Lakeville Business Park Lakeville MA 02347 Event Decorating Services 1058466 Freeman Decorating Co PO BOX 734596 Dallas TX 75373 Event Audio Visual Provider 852477 O'KEEFE Communication LLC 6030 Daybreak Circle Suite A150-36 Clarksville MD 21029 Event Management/Production 419294 Worldwide Speaker Group LLC 99 Canal Center Plaza Suite 100 Alexandria VA 22314 Conference Speakers 350192 NCS Pearson Inc 5601 Green Valley Dr Bloomington MN 55437 Exam Delivery Services 332601 6 0 0 0 0 0 0 0 0 CONFERENCES 541900 13783322 13571322 212000 0 MEMBERSHIP DUES 900099 4526362 4526362 0 0 CERTIFICATIONS 900099 3153195 3153195 0 0 PROFESSIONAL DEVELOPMENT 541900 3485672 3333628 152044 0 COMMUNICATIONS 511120 111705 -36813 148518 0 0 0 0 0 25060256 688152 0 0 688152 0 0 0 0 1225 0 0 1225 0 0 0 0 0 0 0 0 0 0 24149999 0 22996695 0 1153304 0 1153304 0 0 1153304 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26902937 24547694 512562 1842681 X 0 0 0 0 4348249 0 5670988 493929 695927 591945 0 58393 98587 0 0 71843 2731485 847093 199271 1905095 0 6584 580230 0 5361930 0 0 607731 122721 TAXES 254644 NON SALARY BASED COMMISSIONS 136521 MISCELLENEOUS EXPENSES 115607 DUES & SUBSCRIPTIONS 36711 16352 24951836 0 0 10114928 6116523 0 0 323093 262898 0 0 0 0 0 0 0 0 1230614 1457383 3689502 3347215 448366 342287 1292728 0 13598918 20889665 0 1313837 1398543 3245265 3669052 31567749 34136351 3365237 2721034 0 0 12321966 13068878 0 0 0 0 0 0 0 0 0 0 3225350 3665774 18912553 19455686 X 12655196 14680665 0 0 0 0 0 0 0 0 12655196 14680665 31567749 34136351 1951101 74368 0 0 0 0 X false true true false false true false 3689502 3347215 342287 342287 Closely-held equity interests Financial derivatives Total Mutual Funds, Equities 11611992 F Total Mutual Funds, Fixed Inc Exchange Traded Funds Fixed Income Securities 9277673 F 20889665 Deferred Compensation 3665774 Deposits 3278 3669052 Federal Income Taxes Deferred Compensation 3665774 3665774 X 26905462 74368 0 74368 26831094 71843 0 71843 26902937 24879993 0 0 24879993 71843 0 71843 24951836 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote AFP IS EXEMPT FROM THE PAYMENT OF FEDERAL INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(6) OF THE IRC. HOWEVER, AFP IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME ACTIVITY. FOR THE YEARS ENDED JUNE 30, 2025, AND 2024, THE ASSOCIATION HAD NET UNRELATED BUSINESS INCOME OF $133,435 AND $241,329, RESPECTIVELY. FOR THE YEARS ENDED JUNE 30, 2025, AND 2024, THE ASSOCIATION HAD $65,998 AND $50,679 OF ESTIMATED BUSINESS INCOME TAX LIABILITY, RESPECTIVELY. AFP FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. AFP HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE TAX YEARS ENDED JUNE 30, 2022, AND THEREAFTER ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. AFP HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOUSE IN THE CONSOLIDATED FINANCIAL STATEMENTS. AFPS IS A BRANCH OF AFP AND A FOR-PROFIT COMPANY SUBJECT TO TAX UNDER THE REGULATIONS OF SINGAPORE. FOR US FEDERAL INCOME TAX PURPOSES, AFPS IS A FOREIGN DISREGARDED ENTITY. THERE WAS NO PROVISION FOR INCOME TAX FOR AFPS FOR THE YEARS ENDED DECEMBER 31, 2025, AND 2024, AS THE BRANCH HAS CONTINUED TO GENERATE TAXABLE LOSSES SINCE ITS INCEPTION. East Asia and the Pacific 1 1 Program Services Marketing and selling AFP products. Market development. 432492 Europe (Including Iceland and Greenland) 0 0 Program Services Marketing and selling AFP products. Market development. 223641 Middle East and North Africa 0 0 Program Services Marketing and selling AFP products. Market development. 222612 North America (Canada & Mexico only) 0 0 Program Services Marketing and selling AFP products. Market development. 62611 1 1 0 0 1 1 941356 0 941356 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual X X true true X X X X X X false true false James Kaitz President, CEO 792045 0 298743 0 30229 0 69513 0 25786 0 1216316 0 50267 0 Patrick Culkin Executive Vice President 367318 0 145192 0 12361 0 54204 0 17686 0 596761 0 50285 0 Jeff Glenzer Executive Vice President, COO 369322 0 95065 0 12353 0 53798 0 18322 0 548860 0 50267 0 Francine Hope-Pressley Chief Financial Officer 245122 0 50985 0 12276 0 46846 0 9008 0 364237 0 35010 0 Melissa Rawak MD - Membership, Marketing, Events 248821 0 51808 0 12294 0 44842 0 10733 0 368498 0 35932 0 Galina Kozachenko MD - Strategy, Analytics, Technology 233106 0 49663 0 11500 0 46777 0 14148 0 355194 0 34707 0 Justin Barch MD - Revenue & Growth 168672 0 6221 0 5878 0 19630 0 723 0 201124 0 0 0 Himashi Soriano Director, APAC 70613 0 11696 0 425151 0 7436 0 31381 0 546277 0 17132 0 Bryan Lapidus Director, FP&A 205145 0 39917 0 0 0 28374 0 16604 0 290040 0 19368 0 Biniam Dawit Director, Training Programs 190392 0 31849 0 0 0 27155 0 15933 0 265329 0 17121 0 Diane Harris Director, Information Technology & Project Management Office 171903 0 31084 0 0 0 23161 0 16142 0 242290 0 15772 0 Thomas Hunt Director, Treasury Services 172235 0 28712 0 0 0 20661 0 14567 0 236175 0 15249 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE EX-PATRIATE AGREEMENT FOR ONE EMPLOYEE INCLUDES FAMILY TRAVEL, HOUSING & A RELOCATION ALLOWANCE. Schedule J, Part I, Line 1a Health or social club dues or initiation fees THE CEO RECEIVES AN ALLOWANCE FOR CONTRACTED HEALTH CLUB DUES PER THEIR EMPLOYMENT CONTRACT. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan JAMES KAITZ PARTICIPATES IN A 457( F) PLAN. NO CONTRIBUTIONS WERE MADE DURING THE PERIOD. 7 SENIOR STAFF MEMBERS PARTICIPATE IN A 457B PLAN. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ including grants of $) MEMBERSHIP & MARKETING RESEARCH Form 990, Part VI, Line 10b AFP SINGAPORE BRANCH OPENED IN MARCH 2020. THE BRANCH IS AN EXTENSION OF THE US ENTITY AND AS SUCH THE POLICIES AND PROCEDURES ARE THE SAME. Form 990, Part VI, Line 6 Classes of members or stockholders THE ORGANIZATION HAS THE FOLLOWING TYPES OF MEMBERS: PRACTITIONER MEMBER - AN INDIVIDUAL IS A PRACTITIONER MEMBER IF HE/ SHE IS INVOLVED IN FINANCIAL MANAGEMENT FUNCTIONS WITHIN HIS/ HER ORGANIZATION AND IS A MAJOR PARTICIPANT IN DECISION- MAKING REGARDING SUCH FUNCTIONS. ASSOCIATE MEMBER - AN INDIVIDUAL WILL BE CONSIDERED AN ASSOCIATE MEMBER IF HE/ SHE DOES NOT MEET THE MEMBERSHIP CRITERIA TO BE A PRACTITIONER MEMBER, BUT IS INVOLVED IN, OR INTERESTED IN, FINANCIAL MANAGEMENT ACTIVITIES SUCH AS BANKING, CONSULTING, ETC. ACADEMIC MEMBER - AN INDIVIDUAL IS AN ACADEMIC MEMBER IF HE/ SHE IS EMPLOYED FULL TIME BY A POST- SECONDARY EDUCATIONAL INSTITUTION AND HIS/ HER PRINCIPAL DUTIES INVOLVE TEACHING AND RESEARCH IN MATTERS RELATED TO TREASURY AND FINANCIAL MANAGEMENT. STUDENT MEMBER - AN INDIVIDUAL IS A STUDENT MEMBER IS HE/SHE IS A COLLEGE OR UNIVERSITY JUNIOR, SENIOR OR GRADUATE LEVERL STUDENT MAJORING IN A BUSINESS OR FINANCE RELATED FIELD. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body ONLY PRACTITIONER MEMBERS ARE ALLOWED TO VOTE ON ASSOCIATION FOR FINANCIAL PROFESSIONALS MATTERS AND HOLD OFFICE IN THE ASSOCIATION FOR FINANCIAL PROFESSIONALS. PRACTITIONERS ELECT A SLATE BOARD OF CANDIDATES BY DIRECT BALLOTS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders PRACTITIONER MEMBERS CAN VOTE ON ALL ASSOCIATION FOR FINANCIAL PROFESSIONAL MATTERS INCLUDING CHANGES TO GOVERNING DOCUMENTS. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body SOME OF THE COMMITTEES ARE NOT REQUIRED TO RECORD MINUTES. Form 990, Part VI, Line 11b Review of form 990 by governing body THE ASSOCIATION'S MANAGEMENT REVIEWS THE FORM 990 IN DETAIL. AFP WILL PROVIDE AN ELECTRONIC COPY OF THE FORM TO THE BOARD MEMBERS TO ACCESS FOR REVIEW AND ASK QUESTIONS BEFORE FILING WITH THE IRS. THE AUDIT COMMITTEE OF THE BOARD REVIEWED THE FORM 990 AND, PRIOR TO ITS FILING, RECOMMENDED APPROVAL OF THE FULL BOARD. Form 990, Part VI, Line 12c Conflict of interest policy ALL EMPLOYEES AND MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO CERTIFY ANNUALLY THAT THEY WILL COMPLY WITH ASSOCIATION POLICY ON CONFLICTS OF INTEREST AND DISCLOSE CONFLICTS OF INTEREST. INFORMATION CONCERNING POSSIBLE VIOLATIONS OF ASSOCIATION POLICY ARE TO BE REPORTED TO SENIOR MANAGEMENT (CEO, COO, CFO OR DIRECTOR OF HR) OR, IN THE CASE OF INFORMATION CONCERNING FINANCIAL CONFLICTS OF INTEREST, MAY BE REPORTED DIRECTLY TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. POTENTIAL CONFLICTS ARE ADDRESSED ON A CASE- BY- CASE BASIS BY THE APPROPRIATE LEVEL OF MANAGEMENT OR BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. IF A CONFLICT IS DETERMINED TO EXIST AT THE BOARD LEVEL, THE INDIVIDUAL IS NOT PERMITTED TO VOTE ON THE TRANSACTION. ALL PROCEEDINGS RELATED TO CONFLICT OF INTEREST ARE NOTED IN THE MEETING MINUTES. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD RETAINS AN INDEPENDENT CONSULTANT TO RECOMMEND CHANGES TO PRESIDENT/ CEO COMPENSATION. THE CONSULTANT MAKES RECOMMENDATIONS TO THE OVERSIGHT COMMITTEE OF THE BOARD BASED ON ANALYSIS OF PRESIDENT/ CEO COMPENSATION AT PEER ORGANIZATIONS AS DETERMINED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE PROCESS FOR DETERMINING COMPENSATION LEVELS FOR THE OTHER OFFICERS AND KEY EMPLOYEES INCLUDING ANALYSIS OF EACH POSITION BASED ON BENCHMARKS AGAINST OTHER ORGANIZATIONS OF SIMILAR SIZE AND COMPLEXITY BY THE HUMAN RESOURCES DEPARTMENT. ANNUAL EMPLOYEE REVIEWS ARE CONDUCTED BY THE CEO AND OR DIRECT SUPERVISOR. Form 990, Part VI, Line 19 Required documents available to the public THE ASSOCIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMETNS ARE NOT MADE AVAILABLE TO THE PUBLIC. Form 990, Part IX, Line 11g Other Fees Other Professional - Total Expense: 2731485, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XII, Line 2c THIS YEAR (FY 2025), THE AUDIT COMMITTEE WILL REVIEW THE 990 AND 990T TAX RETURNS PRIOR TO FILING. ASSOCIATION FOR FINANCIAL PROFESSIONALS 12345 PARKLAWN DR SUITE 200 ROCKVILLE MD 208521725 812529279 PAC ACTIVITY MD 527 AFP true false false false false false false false false false false false false false true true false false false false