2023-11-15T11:36:43-06:00 2022-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2022-01-01 133867347 LOAN SYNDICATIONS AND TRADING ASSOCIATION INC LOAN 2128803016 366 MADISON AVENUE 15TH F NEW YORK NY 10017 ALEXANDER NABIOCHECK VICE CHAIR 2128803016 2023-11-11 1 ALEXANDER NABIOCHECK 999009999 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALEXANDER NABIOCHECK 366 MADISON AVENUE 15TH F NEW YORK NY 10017 18894176 0 X WWW.LSTA.ORG X 1995 NY TO PROMOTE FAIR, ORDERLY, & EFFICIENT CORPORATE LOAN MARKETS 23 23 15 23 0 0 0 0 8678832 11322341 495140 300625 3453937 3647716 12627909 15270682 0 0 0 0 7145817 7279895 0 0 0 3356977 5514775 10502794 12794670 2125115 2476012 36047040 45251433 9240772 17399960 26806268 27851473 X THE LOAN SYNDICATIONS AND TRADING ASSOCIATION, INC. ("LSTA") PROMOTES A FAIR, ORDERLY, EFFICIENT, AND GROWING CORPORATE LOAN MARKET AND PROVIDES LEADERSHIP IN ADVANCING AND BALANCING THE INTERESTS OF ALL MARKET PARTICIPANTS. (SEE SCHEDULE O).THE LSTA CARRIES OUT A WIDE VARIETY OF ACTIVITIES TO: ADVOCATE FOR THE SHARED INTERESTS OF ALL LOAN MARKET PARTICIPANTS, INCREASE MARKET TRANSPARENCY AND EFFICIENCY, FACILITATE AND IMPROVE THE SETTLEMENT PROCESS, EDUCATE MARKET PARTICIPANTS AND PROMOTE THE GROWTH OF THE LOANASSET CLASS. ACTIVITIES INCLUDE THE DEVELOPMENT OF STANDARD FORMS AND DOCUMENTATION AND THE DISSEMINATION OF MARKET-PRICING INFORMATION. 0 0 LSTA SEEKS TO ENHANCE PUBLIC UNDERSTANDING OF THE CORPORATE LOAN ASSET CLASS AND TO SERVE THE PUBLIC INTEREST BY ENCOURAGING ADHERENCE TO THE HIGHEST ETHICAL STANDARDS BY ALL MARKET PARTICIPANTS. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 16 0 1 15 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 1 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2128803016 366 MADISON AVENUE 15TH FL NEW YORK NY 10017 DAVID LERNER CO-CHAIR 4.00 X X 0 0 0 ALEXANDER STROMBERG CO-CHAIR 4.00 X X 0 0 0 ALEX NABOICKECK VICE CHAIR & TREASURER 4.00 X X 0 0 0 SCOTT BASKIND VICE CHAIR & SECRETARY 4.00 X X 0 0 0 RACHEL RUSSELL VICE CHAIR AT LARGE 4.00 X X 0 0 0 CARLY WILSON VICE CHAIR AT LARGE 4.00 X X 0 0 0 THOMAS WONG VICE CHAIR AT LARGE 4.00 X X 0 0 0 MOHAMED BASMA DIRECTOR 4.00 X 0 0 0 RALPH HINCKLEY DIRECTOR 4.00 X 0 0 0 DAVID MECHLIN DIRECTOR 4.00 X 0 0 0 GREGORY ROBBINS DIRECTOR 4.00 X 0 0 0 CHRISTOPHER SHELDON DIRECTOR 4.00 X 0 0 0 FRANCIS SUTTER DIRECTOR 4.00 X 0 0 0 JAMES VANEK DIRECTOR 4.00 X 0 0 0 MIKE WEIR DIRECTOR 4.00 X 0 0 0 WYNNE COMER DIRECTOR 4.00 X 0 0 0 VALERIE KRITSBERG DIRECTOR 4.00 X 0 0 0 BRETT NUNZIATA DIRECTOR 4.00 X 0 0 0 MARK SANOFSKY DIRECTOR 4.00 X 0 0 0 MATT STANCZUK DIRECTOR 4.00 X 0 0 0 CHARLIE TOWERS DIRECTOR 4.00 X 0 0 0 JEFF WARREN DIRECTOR 4.00 X 0 0 0 KEVIN WHITE DIRECTOR 4.00 X 0 0 0 THEODORE BASTA EXECUTIVE VICE PRESIDENT 40.00 X 559434 0 53999 MEREDITH COFFEY EXECUTIVE VICE PRESIDENT 40.00 X 696952 0 60149 ELLIOT GANZ EXECUTIVE VICE PRESIDENT 40.00 X 793582 0 86355 ELLEN HEFFERAN EXECUTIVE VICE PRESIDENT 40.00 X 498640 0 75740 BRIDGET MARSH EXECUTIVE VICE PRESIDENT 40.00 X 542331 0 90909 LEE SHAIMAN EXECUTIVE DIRECTOR 40.00 X 999189 0 82470 TESS VIRMANI SENIOR VICE PRESIDENT 40.00 X 503135 0 96649 LORENA DELUCA DIRECTOR OF PROJECTS & SP 40.00 X 137769 0 57445 DONNA MURRAY FMR. DIR. OF FINANCE 40.00 X 154509 0 39165 CHRISTINE RAMOS MANAGER, WEBSITE & DIGITAL 40.00 X 110743 0 33591 SALMAN RIAZ FRMR. VP ANALYTICS AND STRATEGY 40.00 X 137297 0 50506 LISA SCHNEIDER EVP MEMBERSHIP 40.00 X 422011 0 87464 5555592 0 814442 13 0 1 0 WILMERHALE 3139 RESEARCH BLVD DAYTON OH 45420 LEGAL SERVICES 638611 CADWALADER WICKERSHAM & TAFT LLP PO BOX 5929 NEW YORK NY 100875929 LEGAL SERVICES 228248 SIDLEY AUSTIN LLP PO BOX 0642 CHICAGO IL 60690 LEGAL SERVICES 205433 PROFILE ADVISORS 105 MADISON AVE NEW YORK NY 10016 PUBLIC RELATIONS 201921 FEDERAL HALL POLICY ADVISORS 1455 PENNSYLVANIA AVE NW SUITE 400 WASHINGTON DC DC 20004 REGULATORY SUPPORT 180000 5 MEMBERSHIP DUES 900099 9119555 9119555 CONFERENCES 900099 2202786 2202786 11322341 479010 479010 3638993 3638993 3445109 3623494 -178385 -178385 -178385 OTHER REVENUE 900099 8723 8723 8723 15270682 11331064 0 3939618 5139533 1571736 167720 309289 91617 1898056 106742 240000 6650 370966 419480 636051 444377 164653 1105521 51365 LOAN MARKET CHRONICLE 70914 12794670 6788152 6459659 1038361 39144 1647640 7901252 274057 117411 1062973 970158 112628 92815 26186202 27298588 0 3342564 36047040 45251433 3874022 3837528 5366750 9826675 0 3735757 9240772 17399960 X 26806268 27851473 26806268 27851473 36047040 45251433 2476012 -1430807 0 X 0 1 X 1 0 0 0 1 9119555 240000 59756 299756 269027 30729 215931 207754 8177 464894 417292 47602 382148 345112 37036 92815 RIGHT-OF-USE ASSET 3342564 3342564 OPERATING LEASE PAYABLE, NET 3735757 3735757 X 1 1 X X X X 0 0 0 LEE SHAIMAN EXECUTIVE DIRECTOR 421689 0 577500 0 0 0 39500 0 42970 0 1081659 0 0 0 ELLIOT GANZ EXECUTIVE VICE PRESIDENT 372102 0 421480 0 0 0 39500 0 46855 0 879937 0 0 0 MEREDITH COFFEY EXECUTIVE VICE PRESIDENT 292727 0 404225 0 0 0 39500 0 20649 0 757101 0 0 0 BRIDGET MARSH EXECUTIVE VICE PRESIDENT 286706 0 255625 0 0 0 39500 0 51409 0 633240 0 0 0 THEODORE BASTA EXECUTIVE VICE PRESIDENT 286584 0 272850 0 0 0 37200 0 16799 0 613433 0 0 0 TESS VIRMANI SENIOR VICE PRESIDENT 245535 0 257600 0 0 0 37200 0 59449 0 599784 0 0 0 ELLEN HEFFERAN EXECUTIVE VICE PRESIDENT 288640 0 210000 0 0 0 39500 0 36240 0 574380 0 0 0 LISA SCHNEIDER EVP MEMBERSHIP 271511 0 150500 0 0 0 37200 0 50264 0 509475 0 0 0 LORENA DELUCA DIRECTOR OF PROJECTS & SP 97769 0 40000 0 0 0 39046 0 18399 0 195214 0 0 0 DONNA MURRAY FMR. DIR. OF FINANCE 129009 0 25500 0 0 0 22015 0 17150 0 193674 0 0 0 SALMAN RIAZ FRMR. VP ANALYTICS AND STRATEGY 91397 0 45900 0 0 0 33137 0 17369 0 187803 0 0 0 PART I, LINE 1A ELLIOT GANZ - HEALTH CLUB $1,000 ELLEN HEFFERAN - HEALTH CLUB $1,292 SALMAN RIAZ - HEALTH CLUB $1,000 LISA SCHNEIDER - HEALTH CLUB $1,037 MEREDITH COFFEY -HEALTH CLUB $1,000 BRIDGET MARSH - HEALTH CLUB $405 TESS VIRMANI - HEALTH CLUB $362 CLARA COLON - HEALTH CLUB $1,246 LORENA DELUCA - HEALTH CLUB $1,000 PART III - LINE 1 THE LOAN SYNDICATIONS AND TRADING ASSOCIATION, INC. ("LSTA") PROMOTES A FAIR, ORDERLY, EFFICIENT, AND GROWING CORPORATE LOAN MARKET AND PROVIDES LEADERSHIP IN ADVANCING AND BALANCING THE INTERESTS OF ALL MARKET PARTICIPANTS. THE LSTA CARRIES OUT A WIDE VARIETY OF ACTIVITIES TO: ADVOCATE FOR THE SHARED INTERESTS OF ALL LOAN MARKET PARTICIPANTS, INCREASE MARKET TRANSPARENCY AND EFFICIENCY, FACILITATE AND IMPROVE THE SETTLEMENT PROCESS, EDUCATE MARKET PARTICIPANTS AND PROMOTE THE GROWTH OF THE LOAN ASSET CLASS. ACTIVITIES INCLUDE THE DEVELOPMENT OF STANDARD FORMS AND DOCUMENTATION AND THE DISSEMINATION OF MARKET-PRICING INFORMATION. FORM 990, PART VI, SECTION A, LINE 5 IN FALL 2022, THE ORGANIZATION DISCOVERED THAT A FORMER EMPLOYEE EXECUTED UNAUTHORIZED TRANSACTIONS FROM THE ORGANIZATION'S BANK ACCOUNT DURING THE PERIOD OF 2019 THROUGH 2021. DURING SUCH PERIOD, THE INDIVIDUAL EMBEZZLED A TOTAL OF $488,177 IN ASSETS. UPON INVESTIGATION, IT WAS DETERMINED THAT THE INDIVIDUAL EMBEZZLED THE FUNDS FROM THE ORGANIZATION AND NO OTHER INDIVIDUALS ASSOCIATED WITH THE ORGANIZATION, OTHER THAN THE INDIVIDUAL IN QUESTION, PARTICIPATED IN, ENABLED, OR ASSISTED IN, OR HAD ANY PRIOR OT CONCURRENT KNOWLEDGE OF THE MISAPPROPRIATION OF ASSETS BY THE INDIVIDUAL. AS OF THE DATE OF THIS RETURN, THE INDIVIDUAL HAS PLEAD GUILTY TO FRAUD AND HAS BEEN SENTANCED. ADDITIONAL ACTIONS TAKEN BY THE ORGANIZATION INCLUDE: - THE ORGANIZATION EVALUATED ITS INTERNAL CONTROL POLICIES AND PUT IN PLACE IMPROVEMENT TO THE INTERNAL CONTROLS DESIGNED TO PREVENT FUTURE MISAPPROPRIATION AND, IF THEY SHOULD OCCUR, DETECT THEM. -THE ORGANIZATION FILED A REPORT WITH RESPECT TO THE DEFALCATION WITH ITS INSURANCE CARRIER AND IS SEEKING RECOVERY. -THE ORGANIZATION REPORTED THE EMBEZZLEMENT TO THE APPROPRIATE AUTHORITIES. AS INDICATED ABOVE, AFTER AN INVESTIGATION BY AUTHORITIES THE INDIVIDUAL IN QUESTION WAS ARRESTED AND HAS PLEAD GUILTY TO FRAUD. FORM 990, PART VI, SECTION A, LINE 6 THE LOAN SYNDICATIONS AND TRADING ASSOCIATION, INC. WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A IN NOVEMBER, THE EXECUTIVE DIRECTOR SENDS A NOTICE OUT TO ALL THE FULL MEMBERS TO INQUIRE IF ANYONE WOULD LIKE TO BE CONSIDERED FOR THE BOARD. THE NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS THEN SENDS OUT QUESTIONNAIRES TO THOSE MEMBERS WISHING TO BE CONSIDERED, AND THEY INTERVIEW EACH CANDIDATE. THE NOMINATING COMMITTEE THEN PICKS THE CANDIDATES THEY FEEL ARE THE BEST QUALIFIED AND BEST REPRESENT THE MARKET. THE SELECTED CANDIDATES ARE PROPOSED UP AT THE ANNUAL MEETING (HELD IN JANUARY) WHERE THE FULL LSTA MEMBERSHIP VOTES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO ALL VOTING BOARD MEMBERS VIA EMAIL. AN EXECUTIVE COMMITTEE MEETING IS HELD FOR REVIEW AND DISCUSSION REGARDING THE FORM 990 FOR APPROVAL AND FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO READ OUR CONFLICT OF INTEREST AND CONFIDENTIALITY POLICY AND ARE REQUIRED AFTERWARDS TO SIGN THE ANNUAL ACKNOWLEDGEMENT AND DISCLOSURE STATEMENT. THE BOARD AND KEY STAFF MUST SIGN A NEW FORM EVERY YEAR. FORM 990, PART VI, SECTION B, LINE 15 MEMBERS OF THE FINANCE COMMITTEE REVIEW AND EVALUATE THE EXECUTIVE DIRECTOR'S COMPENSATION AND OTHER BENEFITS EACH YEAR, WITH INDEPENDENT SURVEYS AND STUDIES, AS WELL AS INDUSTRY KNOWLEDGE. AFTER FINANCE COMMITTEE APPROVAL, THE TOTAL ASSOCIATION COMPENSATION AND BENEFITS ARE PRESENTED TO THE FULL BOARD FOR APPROVAL. THE EXECUTIVE DIRECTOR PROPOSES COMPENSATION AND OTHER BENEFITS FOR EACH OF THE EXECUTIVE STAFF TO MEMBERS OF THE FINANCE COMMITTEE EACH YEAR. ALSO PRESENTED ARE COMPARATIVE INDEPENDENT SURVEYS AND STUDIES. CONSIDERING THESE, ALONG WITH INDUSTRY KNOWLEDGE, THE FINANCE COMMITTEE APPROVES. THE TOTAL ASSOCIATION COMPENSATION AND BENEFITS ARE PRESENTED TO THE FULL BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE LSTA DOES NOT MAKE IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE BUSINESS LOAN COALITION INC GRASSROOTS ADVOCACY AFFILIATE DE 105787 THE ASSOCIATION LOAN SYNDICATIONS AND TRADING ASSOCIATION POLITICAL ACTION COMMITTEE 366 MADISON AVE FL 15 NEW YORK NY 10017 831754979 PAC DE 527 N/A THE ASSOCIATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0