CENTER FOR FINANCIAL TRAINING ATLANTIC AND CENTRAL STATES INC

Address
PO BOX 969
NORWICH, CT 06360
Contact
Website: http://www.cftacs.org
Phone: +1 (860) 886-6153
Nonprofit
NTEE: W036 - Public support and societal benefit
EIN: 06-1367018

Mission

CFT ACS IS DEDICATED TO PROVIDING PROFESSIONALLY ADMINISTERED EDUCATIONAL PROGRAMS THAT WILL CONTINUALLY MEET THE NEEDS OF THE FINANCIAL SERVICES INDUSTRY OF THE ATLANTIC AND CENTRAL STATES.
 20172016201520142012
Basic features of the organization
Year of formation1993
Subsection code03
PF filing required0    
Metropolitan statistical area5523
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$232,302.00$264,362.00$207,878.00  
Sum of reportable (W2/1099) compensation$527,437.00$441,780.00$605,120.00  
Number of employees111212  
Number of people compensated >$100k334  
Number of volunteers150150150  
Number of highly compensated contractors000  
Personnel
Bernier, Conrad
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personCONRAD BERNIERCONRAD BERNIERCONRAD BERNIER  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Briggs, Scott
TitleSENIOR VICE PRESIDENTSENIOR VICE PRESIDENTSENIOR VICE PRESIDENT  
Name of key/compensated personSCOTT BRIGGSSCOTT BRIGGSSCOTT BRIGGS  
Position of compensated person
Average hours per week working for org40.0040.0040.00  
Reportable compensation from org$169,676.00$140,926.00$152,826.00  
Other comp, non-reportable, from org and related orgs$35,152.00$34,672.00$28,429.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Carey, Marta
TitleSENIOR VICE PRESIDENTSENIOR VICE PRESIDENTSENIOR VICE PRESIDENT  
Name of key/compensated personMARTA CAREYMARTA CAREYMARTA CAREY  
Position of compensated person
Average hours per week working for org40.0040.0040.00  
Reportable compensation from org$127,485.00$123,028.00$125,394.00  
Other comp, non-reportable, from org and related orgs$34,147.00$33,151.00$23,930.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Connors, George
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personGEORGE CONNORSGEORGE CONNORSGEORGE CONNORS  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Doyle, Donald
TitleDIRECTORDIRECTOR   
Name of key/compensated personDONALD DOYLEDONALD DOYLE   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Evans, Greg
Title  DIRECTOR  
Name of key/compensated person  GREG EVANS  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  1.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Forte, Daniel
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personDANIEL FORTEDANIEL FORTEDANIEL FORTE  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Foster, Steve
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personSTEVE FOSTERSTEVE FOSTERSTEVE FOSTER  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Hendrikson, Marc
TitleDIRECTORDIRECTOR   
Name of key/compensated personMARC HENDRIKSONMARC HENDRIKSON   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Kelly, Geri
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personGERI KELLYGERI KELLYGERI KELLY  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Leahy, Richard
Title  DIRECTOR  
Name of key/compensated person  RICHARD LEAHY  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  1.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
McMullen, Karen
Title  SENIOR VICE PRESIDENT  
Name of key/compensated person  KAREN MCMULLEN  
Position of compensated person
Average hours per week working for org  40.00  
Reportable compensation from org  $121,374.00  
Other comp, non-reportable, from org and related orgs  $2,855.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
McWeeney, John
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personJOHN MCWEENEYJOHN MCWEENEYJOHN MCWEENEY  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Meakem, Michael
TitlePRES. & CEOPRES. & CEOPRES. & CEO  
Name of key/compensated personMICHAEL MEAKEMMICHAEL MEAKEMMICHAEL MEAKEM  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org40.0040.0040.00  
Reportable compensation from org$230,276.00$177,826.00$205,526.00  
Other comp, non-reportable, from org and related orgs$38,002.00$37,162.00$41,478.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Noonan, Gerald
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personGERALD NOONANGERALD NOONANGERALD NOONAN  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
O'Connor, David
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personDAVID O'CONNORDAVID O'CONNORDAVID O'CONNOR  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Padgett, Chris
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personCHRIS PADGETTCHRIS PADGETTCHRIS PADGETT  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Perotti, John
TitleVICE CHAIRMANVICE CHAIRMANVICE CHAIRMAN  
Name of key/compensated personJOHN PEROTTIJOHN PEROTTIJOHN PEROTTI  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Pinkham, Lindsey
TitleSECRETARYSECRETARYSECRETARY  
Name of key/compensated personLINDSEY PINKHAMLINDSEY PINKHAMLINDSEY PINKHAM  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Schank, Ralph
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personRALPH SCHANKRALPH SCHANKRALPH SCHANK  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Wagner, William
TitleCHAIRMANCHAIRMANCHAIRMAN  
Name of key/compensated personWILLIAM WAGNERWILLIAM WAGNERWILLIAM WAGNER  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Wallace, Brian
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personBRIAN WALLACEBRIAN WALLACEBRIAN WALLACE  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROVIDING CONTINUING EDUCATION PROGRAMS AND SEMINARS IN ACCORDANCE WITH THE EXPECTATIONS OF FINANCIAL INSTITUTIONS.PROVIDING CONTINUING EDUCATION PROGRAMS AND SEMINARS IN ACCORDANCE WITH THE EXPECTATIONS OF FINANCIAL INSTITUTIONS.PROVIDING CONTINUING EDUCATION PROGRAMS AND SEMINARS IN ACCORDANCE WITH THE EXPECTATIONS OF FINANCIAL INSTITUTIONS.  
Program service expenses, total$2,436,162.00$2,295,755.00$2,305,722.00  
Programs, including revenue & expenses
CONTINUING EDUCATIONAL PROGRAMS, FORUMS AND SEMINARS FOR THE FINANCIAL SERVICES COMMUNITY
Program expenses$2,436,162.00$2,295,755.00$2,305,722.00  
Program revenue$3,178,670.00$3,189,659.00$3,129,739.00  
Program descriptionCONTINUING EDUCATIONAL PROGRAMS, FORUMS AND SEMINARS FOR THE FINANCIAL SERVICES COMMUNITYCONTINUING EDUCATIONAL PROGRAMS, FORUMS AND SEMINARS FOR THE FINANCIAL SERVICES COMMUNITYCONTINUING EDUCATIONAL PROGRAMS, FORUMS AND SEMINARS FOR THE FINANCIAL SERVICES COMMUNITY  
Financial data
Revenue
Total revenue$3,223,325.00$3,190,885.00$3,130,856.00  
Revenue from contributions (total)$29,197.00$0.00$0.00$50,000.00$0.00
Investment income, current yr$15,458.00$1,226.00$1,117.00  
Total revenue from grants, etc., current yr$29,197.00$0.00$0.00  
Total unrelated business revenue$0.00$0.00$0.00  
Other revenue, current yr$0.00$0.00$0.00  
Net unrelated business taxable revenue$0.00$0.00$0.00  
Program service revenue (total)$3,178,670.00$3,189,659.00$3,129,739.00$3,374,240.00$3,038,958.00
Gross receipts$3,223,325.00$3,190,885.00$3,130,856.00  
Sources of contributions
Revenue from all other contributions$29,197.00    
Other types of revenue
Income from dividends, interest, and similar investments$958.00$1,226.00$1,117.00  
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$3,290,886.00$3,214,662.00$3,126,118.00  
Total functional expenses: program service $2,436,162.00$2,295,755.00$2,305,722.00  
Total functional expenses: management and general$854,724.00$918,907.00$820,396.00  
Total functional expenses: fundraising$0.00$0.00$0.00  
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00  
General management fees (total) $15,000.00   
Assets and liabilities
Total assets$909,536.00$984,184.00$927,614.00$1,047,598.00$832,346.00
Total assets, beginning of year$984,184.00$927,614.00$1,047,598.00  
Total liabilities$229,280.00$236,367.00$156,020.00$280,742.00$247,269.00
Total liabilities, beginning of year$236,367.00$156,020.00$280,742.00  
Unrestricted net assets, end of yr$680,256.00$747,817.00$771,594.00  
Net assets$680,256.00$747,817.00$771,594.00  
Net assets, beginning of year$747,817.00$771,594.00$766,856.00  
Cash: non-interest bearing$195,642.00$159,283.00$68,125.00  
Cash: non-interest bearing, beginning of year$159,283.00$68,125.00$225,160.00  
Inventories for sale or use$49,802.00$47,473.00$42,351.00  
Other financial variables
Revenue less expenses-$67,561.00-$23,777.00$4,738.00  
Advertising (total)$84,921.00$71,851.00$65,870.00  
Savings & temp cash investment$358,962.00$553,153.00$507,091.00  
Accounts receivable, net$220,628.00$159,428.00$195,137.00  
Prepaid expenses & deferred charges$23,421.00$32,147.00$35,877.00  
Accounts payable & accrued expenses$229,280.00$236,367.00$156,020.00  
Total net assets or fund balances$680,256.00$747,817.00$771,594.00  
Depreciation, depletion, amortization$43,814.00$58,778.00$46,813.00  
Governance and accountability
Number of voting members171717  
Number of independent voting members161616  
Financial sheets auditedTrueTrueTrue  
Accrual accountingTrueTrueTrue  
Tax year start date2016-07-012015-07-012014-07-01  
Tax year end date2017-06-012016-06-012015-06-012014-06-012012-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990  
Date e-filing submitted2018-06-212017-02-172015-10-14  
IRS schema version2016v3.02015v2.12014v5.0  
Filing identifier201801349349306520201633089349300113201542739349300044  
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