2023-09-14T11:16:26-05:00 2022-12-31 ALVAREZ & MARSAL TAXAND LLC 425 MARKET ST 18TH FLOOR SAN FRANCISCO CA 94105 990 2022-01-01 522204208 FS-ISAC INC % DANIELLE METZLER FS-I 5714463877 12120 SUNSET HILLS ROAD Suite 500 RESTON VA 20190 DANIELLE METZLER CFO 5714463877 2023-09-13 true DANIELLE METZLER 999009999 KIM J BARR P00326055 4159604539 2023-09-13 2 2022 2023-04-26 12:10:37Z STEVEN SILBERSTEIN 12120 SUNSET HILLS ROAD STE 500 RESTON VA 20190 45609177 false X WWW.FSISAC.COM X 2003 DE SEE PART III, LINE 1 15 15 103 0 0 10000 4149698 31941669 42121703 -67742 257685 73368 -1135241 31957295 45393845 0 0 0 0 15118840 16696782 0 0 0 22494106 18718842 37612946 35415624 -5655651 9978221 27418346 39466165 26351000 29513526 1067346 9952639 X THE FS-ISAC'S MISSION IS TO HELP ASSURE THE RESILIENCE AND CONTINUITY OF THE GLOBAL FINANCIAL SERVICES INFRASTRUCTURE AND INDIVIDUAL FIRMS AGAINST ACTS THAT COULD SIGNIFICANTLY IMPACT THE SECTOR'S ABILITY TO PROVIDE SERVICES CRITICAL TO THE ORDERLY FUNCTIONING OF THE GLOBAL false false MEMBERSHIP IN FS-ISAC GIVES ORGANIZATIONS EARLY NOTIFICATION OF SECURITY THREATS AND ATTACKS, ANONYMOUS INFORMATION SHARING AMONG THE FINANCIAL SERVICES INDUSTRY, REGULARLY SCHEDULED MEMBER MEETINGS AND BI-WEEKLY CONFERENCE CALLS. MEMBERS MAY ATTEND CONFERENCES FOUR TIMES PER YEAR WHERE THEY CAN NETWORK AND BRAINSTORM WITH OTHER MEMBERS, AFFILIATES AND SPONSORS IN A WORKGROUP AND SEMINAR SETTING. MEMBERS SHARE BEST PRACTICES IN CYBER SECURITY AS WELL AS PARTICIPATE IN EXERCISES TO IMPROVE RESILIENCY. REGIONAL EVENTS PROVIDE MEMBERS WITH AN INCREASED AWARENESS OF INDUSTRY RISKS INCLUDING EXPOSURE TO ONLINE ACCOUNT TAKEOVER. INCREASED MEMBERSHIP WILL INCREASE THE ABILITY OF FS-ISAC TO MITIGATE RISKS TO THE GLOBAL FINANCIAL SERVICES INDUSTRY. false false false true false false false false false true false false false true true true true false true true false true false false false false false false true false false false false false false false false false false true true true true false true 47 0 true 103 true false true SN UK NL AS false false false false true false X 15 15 false false false false true true false true true false true true true true true true true true true false false X X DANIELLE METZLER 5714463877 12120 SUNSET HILLS ROAD NO 500 RESTON VA 20190 Steven Silberstein CEO 40.0 0.0 X 1077189 0 61668 Danielle Metzler CFO 40.0 0.0 X 768059 0 70076 Amanda Cody Chief Information Security Off 40.0 0.0 X 452036 0 69139 Carlos Recalde President,CEO Sheltered Harbor 40.0 0.0 X 465224 0 40366 Brian Tishuk Secretary & General Counsel 40.0 0.0 X 363096 0 33019 Christopher Ricard Director of System Engineering 40.0 0.0 X 307560 0 39488 Michael Silverman VP of Strategy 40.0 0.0 X 282891 0 62905 Bradley Jacobsen General Counsel FDX 40.0 0.0 X 277490 0 49085 Ellen Estrugo VP of Finance and Global Contr 40.0 0.0 X 256348 0 60080 Melissa Blanc VP of Membership Development 40.0 0.0 X 259557 0 47840 Bridgette Walsh Sr Director of Strategic Partn 40.0 0.0 X 247768 0 59624 Jessica McMahon Director of Sponsorship Develo 40.0 0.0 X 274522 0 17763 Donald Cardinal Managing Director FDX 40.0 0.0 X 237966 0 51752 Ann Barron-Dicamillo Board Member 0.2 0.0 X 0 0 0 Tim Byrd Board Member 0.2 0.0 X 0 0 0 Meg Anderson Board Member 0.2 0.0 X 0 0 0 Laura Deaner Board Member 0.2 0.0 X 0 0 0 Matthew Harper Board Member 0.2 0.0 X 0 0 0 Beate Zwijnenberg Board Member 0.2 0.0 X 0 0 0 Deborah Guild Board Member 0.2 0.0 X 0 0 0 Karl Schimmeck Board Member 0.2 0.0 X 0 0 0 Kristopher Fador Board Member 0.2 0.0 X 0 0 0 Jenny Menna Board Member 0.2 0.0 X 0 0 0 Gary Owen Board Member 0.2 0.0 X 0 0 0 Karel De Kneef Board Member 0.2 0.0 X 0 0 0 Kyle Davis Board Member 0.2 0.0 X 0 0 0 Timothy Held Board Member 0.2 0.0 X 0 0 0 Ariel Weintraub Board Member 0.2 0.0 X 0 0 0 Steve Sparkes Board Member 0.2 0.0 X 0 0 0 5269706 0 662805 13 false true false Dolphin Hotel Associates Walt Disne 1500 Epcot Resorts Blvd LAKE BUENA VISTA FL 32830 Hotel for Summit 629138 HST Kierland LLC The Westin Kierlan 6902 E Greenway Pkwy SCOTTSDALE AZ 85254 Hotel for Summit 614239 PM Venture 1 LLC 4747 Bethesda Ave Ste 200 BETHESDA MD 20814 Office Lease 434579 Alvarez Marsal Holdings LLC 655 15th Street NW Suite 600 WASHINGTON DC 20005 Tax Accountant 271337 Northeast Series of Lockton Compani 1801 K Street NW Suite 200 WASHINGTON DC 20006 Insurance Broker 230437 13 4149698 4149698 MEMBERSHIPS 900099 31142449 31142449 CONFERENCES 900099 9477195 9477195 EXERCISES 900099 363445 363445 WEBINARS 900099 620000 620000 OTHER 900099 518614 518614 42121703 473017 473017 0 0 99465 99465 0 99465 99465 215332 -215332 -215332 -215332 0 0 0 0 0 0 0 0 0 CURRENCY LOSS 900099 -33672 -33672 UNREALIZED GAIN/LOSS 900099 -1201034 -1201034 -1234706 45393845 40771130 473017 0 0 0 0 4342783 0 9576665 908382 1085679 783273 0 240871 284450 0 0 0 3218671 432264 162848 4218957 0 515880 550435 0 2830627 27498 5099289 565364 111356 BAD DEBT EXPENSE 143221 CREDIT CARD PROCESSING 164047 BANK FEES 31236 PENALTIES 1458 120370 35415624 X 9832160 10300153 12966165 295395 10000 0 6668 2469661 0 0 0 0 0 0 0 0 1664565 2095373 7745206 1902729 2244795 5842477 0 18418113 0 0 0 0 0 0 693993 44993 27418346 39466165 4266297 4866414 0 0 16245187 17754670 0 0 0 0 0 0 0 0 0 0 5839516 6892442 26351000 29513526 X 1067346 9952639 0 0 1067346 9952639 27418346 39466165 X 9978221 -1093 -1091835 X X false true X true false false true false 4238142 397978 3850165 1589225 289404 1299821 466650 361529 105121 1451189 863819 587370 5842477 0 DEFERRED RENT 0 LEASE SECURITY DEPOSITS 8303 LEASE LIABILITY 5272241 NOTES PAYABLE 0 PPP LIABILITY 0 INTERCOMPANY PAYABLE 1421898 RESERVE FOR PENALTIES ON AMEND 190000 6892442 46873697 1479852 1479852 45393845 45393845 35531161 115537 115537 35415624 35415624 PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE FROM NON-INCLUDABLE ENTITIES - 1,514,586 REVENUE / EXPENSE ALLOCATIONS - (32,374) ROUNDING - (2,360) TOTAL - 1,479,852 PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES FROM NON-INCLUDABLE ENTITIES - 147,911 REVENUE / EXPENSE ALLOCATIONS - (32,374) TOTAL - 115,537 true East Asia and the Pacific 0 6 Program Services MEMBER RELATIONS 466317 Europe (Including Iceland and Greenland) 0 3 Program Services MEMBER RELATIONS 578807 North America 0 5 Program Services MEMBER RELATIONS 420080 South America 0 1 Program Services MEMBER RELATIONS 138515 0 15 0 15 1603719 1603719 SCHOLARSHIP East Asia and the Pacific 2 20000 ELECTRONIC SCHOLARSHIP Europe (Including Iceland and Greenland) 1 10000 ELECTRONIC true false true false false false FS-ISAC, INC. GRANTS ARE MONITORED BY CONFIRMING STUDENTS ARE IN GOOD STANDING AND CURRENTLY ENROLLED IN A CYBER SECURITY PROGRAM. FUNDS ARE PAID DIRECTLY TO THE SCHOOL TO ENSURE THEY ARE USED FOR EDUCATIONAL PURPOSES. X true true X X X false true false Steven Silberstein CEO 647965 425000 4224 39345 22323 1138857 Danielle Metzler CFO 340422 425000 2637 39345 30731 838135 Amanda Cody Chief Information Security Off 305722 145000 1314 38408 30731 521175 Brian Tishuk Secretary & General Counsel 274783 85000 3313 23795 9224 396115 Michael Silverman VP of Strategy 231790 50000 1101 32174 30731 345796 Donald Cardinal Managing Director FDX 206438 30000 1528 21021 30731 289718 Carlos Recalde President,CEO Sheltered Harbor 416000 45000 4224 16230 24136 505590 Bradley Jacobsen General Counsel FDX 250720 25000 1770 24114 24971 326575 Christopher Ricard Director of System Engineering 237839 69000 721 29170 10319 347049 Melissa Blanc VP of Membership Development 127031 132086 440 13818 34002 307377 Jessica McMahon Director of Sponsorship Develo 94200 179798 524 8539 9224 292285 Ellen Estrugo VP of Finance and Global Contr 180722 75000 626 29349 30731 316428 Bridgette Walsh Sr Director of Strategic Partn 234822 12500 446 28892 30731 307391 PART I, LINE 1A: Gross up payments to cover the value of Life Insurance in excess of $50,000 for benefit recipients. FORM 990, PART VI, SECTION B, LINE 11B: THE 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND THEN REVIEWED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 12C: A CONFLICT OF INTEREST IS PRESENT WHENEVER A DIRECTOR HAS A MATERIAL PERSONAL INTEREST IN A PROPOSED TRANSACTION OR BUSINESS OPPORTUNITY BEING CONSIDERED BY FS-ISAC. THIS INTEREST OCCURS EITHER DIRECTLY OR INDIRECTLY, AS, FOR EXAMPLE, WHERE THE DIRECTOR'S EMPLOYER OR A COMPANY UPON WHOSE BOARD THE DIRECTOR ALSO SERVES HAS A BUSINESS INTEREST ADVERSE TO THE INTEREST OF FS-ISAC. IN THESE CASES, THE DIRECTOR OR COMMITTEE MEMBER GIVES THE APPEARANCE OF HAVING DIVIDED LOYALTIES AND NOT ACTING IN THE BEST INTERESTS OF FS-ISAC. THE DUTY OF LOYALTY REQUIRES THAT A DIRECTOR BE CONSCIOUS OF THE POTENTIAL FOR CONFLICTS OF INTEREST AND ACT WITH CANDOR AND CARE IN DEALING WITH A CONFLICT PRIOR TO THE DISCUSSION OR PRESENTATION OF SUCH MATTER BEFORE THE BOARD OR COMMITTEE. EACH EMPLOYEE AND BOARD MEMBER IS ASKED TO SIGN A COI STATEMENT AT THE TIME OF HIRE/APPOINTMENT AND THEN ANNUALLY. IT IS THE POLICY OF THE FS-ISAC BOARD THAT ANY DIRECTOR HAVING AN ACTUAL OR APPARENT CONFLICT OF INTEREST IN A MATTER TO BE ACTED UPON BY THE BOARD OR A COMMITTEE DISCLOSES THE CONFLICT PRIOR TO THE DISCUSSION OR PRESENTATION OF SUCH MATTER. IF POSSIBLE, THE CONFLICT IS DISCLOSED TO THE CHAIR OF THE MEETING IN ADVANCE OF THE MEETING. THE DIRECTOR CONSIDERS WHETHER IT IS ADVISABLE UNDER THE CIRCUMSTANCES TO RECUSE HIMSELF/HERSELF FROM THE DISCUSSION AND/OR VOTE AND RECUSE HIMSELF/HERSELF, IF REQUESTED TO BY THE CHAIR OF THE MEETING. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:: FINANCIAL SERVICES INDUSTRY. FORM 990, PART VI, SECTION A, LINE 7A: Members who are Tier 1-4 can vote for members of the board (governing body). Other Tiers may get elected to the board, but they are not allowed to vote. Number of Tier 1-4 varies from year to year. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS OR FUND BALANCES: CHANGE IN CUMULATIVE TRANSLATION ADJUSTMENT - (1,153,892) ELIMINATION OF NET ASSETS FOR NON-INCLUDABLE ENTITIES - 22,689 PRIOR YEAR TRANSFER PRICING ADJUSTMENT - 39,368 TOTAL - (1,091,835) FORM 990, PART VI, SECTION A, LINE 6: FS-ISAC has eight tiers of members, the top four tiers of members, (based on the financial institution's size and assets) elect the members of the Board of Directors, but have no ability to approve the decisions of the board. In the event FS-ISAC should dissolve, remaining assets would be distributed to another non-profit, not the members. FORM 990, PART VI, SECTION B, LINE 15A CEO compensation is set and approved by the board. In 2022, FS-ISAC engaged Korn Ferry to do a CEO compensation study. This resulted in an increase to the CEO's bonus for 2022 which was paid in 2023. 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