2025-08-11T10:14:04-05:00 2024-09-30 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2023-10-01 770277826 MANAGED FUNDS ASSOCIATION MANA 2027302600 1301 PENNSYLVANIA AVE NW 350 WASHINGTON DC 20004 SHELLEY GUILEY CHIEF ADMINISTRATION OFFICER 2027302600 2025-08-04 1 0 KELLI PECK P01423033 3217516200 2025-08-04 2023 2025-03-06 01:10:19Z BRYAN CORBETT 1301 PENNSYLVANIA AVE NW 350 WASHINGTON DC 20004 31707591 0 X WWW.MFAALTS.ORG X 1991 IL MANAGED FUNDS ASSOCIATION (MFA), BASED IN WASHINGTON, DC, NEW YORK, BRUSSELS, AND LONDON, REPRESENTS THE GLOBAL ALTERNATIVE ASSET MANAGEMENT INDUSTRY. MFA'S MISSION IS TO ADVANCE THE ABILITY OF ALTERNATIVE ASSET MANAGERS TO RAISE CAPITAL, INVEST, AND GENERATE RETURNS FOR THEIR BENEFICIARIES. MFA ADVOCATES ON BEHALF OF ITS MEMBERSHIP AND CONVENES STAKEHOLDERS TO ADDRESS GLOBAL REGULATORY, OPERATIONAL, AND BUSINESS ISSUES. MFA HAS MORE THAN 180 MEMBER FUND MANAGERS, INCLUDING TRADITIONAL HEDGE FUNDS, CREDIT FUNDS, AND CROSSOVER FUNDS, THAT COLLECTIVELY MANAGE OVER $3.2 TRILLION ACROSS A DIVERSE GROUP OF INVESTMENT STRATEGIES. MEMBER FIRMS HELP PENSION PLANS, UNIVERSITY ENDOWMENTS, CHARITABLE FOUNDATIONS, AND OTHER INSTITUTIONAL INVESTORS TO DIVERSIFY THEIR INVESTMENTS, MANAGE RISK, AND GENERATE ATTRACTIVE RETURNS OVER TIME. 38 38 0 38 0 0 0 0 27069083 30292299 895718 1383073 5000 32219 27969801 31707591 5000 0 0 0 14421892 15530384 0 0 0 12533495 15522751 26960387 31053135 1009414 654456 34909058 37124683 23876625 25248927 11032433 11875756 X MANAGED FUNDS ASSOCIATION (MFA), BASED IN WASHINGTON, DC, NEW YORK, BRUSSELS, AND LONDON, REPRESENTS THE GLOBAL ALTERNATIVE ASSET MANAGEMENT INDUSTRY. MFA'S MISSION IS TO ADVANCE THE ABILITY OF ALTERNATIVE ASSET MANAGERS TO RAISE CAPITAL, INVEST, AND GENERATE RETURNS FOR THEIR BENEFICIARIES. MFA ADVOCATES ON BEHALF OF ITS MEMBERSHIP AND CONVENES STAKEHOLDERS TO ADDRESS GLOBAL REGULATORY, OPERATIONAL, AND BUSINESS ISSUES. MFA HAS MORE THAN 180 MEMBER FUND MANAGERS, INCLUDING TRADITIONAL HEDGE FUNDS, CREDIT FUNDS, AND CROSSOVER FUNDS, THAT COLLECTIVELY MANAGE OVER $3.2 TRILLION ACROSS A DIVERSE GROUP OF INVESTMENT STRATEGIES. MEMBER FIRMS HELP PENSION PLANS, UNIVERSITY ENDOWMENTS, CHARITABLE FOUNDATIONS, AND OTHER INSTITUTIONAL INVESTORS TO DIVERSIFY THEIR INVESTMENTS, MANAGE RISK, AND GENERATE ATTRACTIVE RETURNS OVER TIME. 0 0 ADVOCACY: MFA PROMOTES PUBLIC POLICIES THAT FOSTER EFFICIENT, TRANSPARENT, AND FAIR CAPITAL MARKETS. WITH INPUT FROM OUR MEMBERS, MFA WORKS CONSTRUCTIVELY WITH POLICY MAKERS AROUND THE GLOBE TO HELP INFORM THE LEGISLATIVE AND REGULATORY PROCESSES. EDUCATION: EACH YEAR, MFA HOLDS DOZENS OF CONFERENCES, FORUMS, AND OTHER EVENTS THAT GIVE OUR MEMBERS THE TOOLS AND INFORMATION THEY NEED TO THRIVE IN AN EVOLVING GLOBAL REGULATORY LANDSCAPE. COMMUNICATION: THROUGH OUTREACH TO JOURNALISTS AND THOUGHT LEADERS, MFA INFORMS COVERAGE OF THE ALTERNATIVE ASSET MANAGEMENT INDUSTRY AND HIGHLIGHTS THE WORK OUR MEMBERS DO TO PROVIDE RETIREMENT SECURITY FOR WORKERS, CAPITAL FOR BUSINESSES, AND INCREASED RESOURCES FOR ENDOWMENTS AND FOUNDATIONS. RESEARCH: MFA ADVANCES THE UNDERSTANDING OF THE ALTERNATIVE ASSET MANAGEMENT INDUSTRY AND POLICIES IMPACTING OUR MEMBERS' ABILITY TO SERVE THEIR INVESTORS THROUGH RESEARCH. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 70 0 1 0 0 0 0 0 1 1 0 1 0 X 38 38 0 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X BRICE HADDEN 2027302600 1301 PENNSYLVANIA AVE NW 350 WASHINGTON DC 20004 NATALIE BIRRELL CHAIR 2.00 0.00 X X 0 0 0 DAVID ZIRIN VICE CHAIR 2.00 0.00 X X 0 0 0 NATALIE DEAK JAROS SECRETARY & TREASURER 2.00 0.00 X X 0 0 0 DES ANDERSON ELECTED DIRECTOR 2.00 0.00 X 0 0 0 MARK BAILEY ELECTED DIRECTOR 2.00 0.00 X 0 0 0 DARCY BRADBURY ELECTED DIRECTOR 2.00 0.00 X 0 0 0 JULIA DAILEY ELECTED DIRECTOR 2.00 0.00 X 0 0 0 BRUCE DARRINGER ELECTED DIRECTOR 2.00 0.00 X 0 0 0 BRIAN DOUGLAS ELECTED DIRECTOR 2.00 0.00 X 0 0 0 ERIC EPSTEIN ELECTED DIRECTOR 2.00 0.00 X 0 0 0 ANDREW FISHMAN ELECTED DIRECTOR 2.00 0.00 X 0 0 0 BRIAN GAVIN ELECTED DIRECTOR 2.00 0.00 X 0 0 0 REBECCA GINZBURG ELECTED DIRECTOR 2.00 0.00 X 0 0 0 JENNIFER GRAF ELECTED DIRECTOR 2.00 0.00 X 0 0 0 CHRIS HAYWARD ELECTED DIRECTOR 2.00 0.00 X 0 0 0 MICHAEL MENDELSON ELECTED DIRECTOR 2.00 0.00 X 0 0 0 CHRIS PAPAGIANIS ELECTED DIRECTOR 2.00 0.00 X 0 0 0 TONY PAQUETTE ELECTED DIRECTOR 2.00 0.00 X 0 0 0 SHAILINI RAO ELECTED DIRECTOR 2.00 0.00 X 0 0 0 GIL RAVIV ELECTED DIRECTOR 2.00 0.00 X 0 0 0 ZION SHOHET ELECTED DIRECTOR 2.00 0.00 X 0 0 0 JOHN SPINNEY ELECTED DIRECTOR 2.00 0.00 X 0 0 0 MARK SULLIVAN ELECTED DIRECTOR 2.00 0.00 X 0 0 0 TRACEY YURKO ELECTED DIRECTOR 2.00 0.00 X 0 0 0 JEFF BOYD APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 BRIAN DALY APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 ELIZABETH FRIES APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 TIM GATELY APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 PETER GREENE APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 MIKE KELLEHER APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 KENNY KING APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 EDOUARD MATITIA-COHEN APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 LOUIS MOLINARI APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 ANDREW PALMER APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 JAY PELLER APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 TED POST APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 CARLOS RANGEL APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 CARL STEWART APPOINTED DIRECTOR 2.00 0.00 X 0 0 0 BRYAN CORBETT PRESIDENT & CEO 39.50 0.50 X 2856675 0 60877 JENNIFER HAN EVP, CHIEF COUNSEL, HEAD REG AFFAIRS 40.00 0.00 X 833160 0 66321 PETER DONOVAN EVP, COO 40.00 0.00 X 834939 0 59991 JILLIEN FLORES EVP, HEAD OF US GOVERNMENT AFFAIRS 40.00 0.00 X 820768 0 62159 NOAH THERAN GLOBAL HEAD OF COMMUNICATIONS 39.50 0.50 X 564892 0 67483 NORA RICHARDSON VP, MEMBERSHIP & INV SERVS 40.00 0.00 X 453968 0 25841 MATTHEW DAIGLER VP, REGULATORY AFFAIRS 40.00 0.00 X 379674 0 14354 AMY D'ANNUNZIO MD, SPONSORSHIP & CONFERENCES 40.00 0.00 X 353126 0 28348 ERIK JOHNSON VP, US GOVERNMENT RELATIONS 40.00 0.00 X 353792 0 14407 RAPHAEL WILLIAMS VP, COMMUNICATIONS 40.00 0.00 X 281621 0 25392 BROOKE HARLOW FORMER CHIEF COMMERICAL OFFICER 40.00 0.00 X 505471 0 1019 8238086 0 426192 24 1 1 0 NARRATIVE STRATEGIES LLC 1401 H STREET NW STE 750 WASHINGTON DC 20005 COMMUNICATION SVCS 809402 PENTA GROUP LLC 805 15TH STREET NW SUITE 200 WASHINGTON DC 20005 RESEARCH SERVICES 342500 SIDLEY AUSTIN 25 BASINGHALL STREET LONDON ENGLAND UK EC2V 5HA DOMESTIC LEGISLATIVE & REGULATORY SVCS 308263 GASTHALTER & CO LP 777 THIRD AVE 32ND FL NEW YORK NY 10017 COMMUNICATION SVCS 283389 FOURTOLD BELGIUM SRL AVENUE DES ARTS 47-49 FIRST FL BRUSSELS BRUSSELS BE 1000 COMMUNICATION SVCS 214561 21 MEMBERSHIP DUES 624310 24918924 24918924 CONFERENCE REVENUE 541800 5373375 5373375 30292299 1383073 1383073 MISCELLANEOUS 900099 32219 32219 32219 31707591 30292299 0 1415292 7060440 7060334 227628 536658 645324 3432382 39816 1922208 50250 1679375 230066 585574 990766 1217195 1010053 2977104 335987 35439 EXCISE TAX 419551 BOARD & COMMITTEES 277067 DUES & SUBSCRIPTIONS 209693 RECRUITMENT 93076 17149 31053135 7328513 12023929 19967963 18218147 584308 736068 540884 473681 3203414 1951128 1462369 1252286 5025021 4420572 34909058 37124683 5470650 7997494 11303147 10930757 7102828 6320676 23876625 25248927 X 11032433 11875756 11032433 11875756 34909058 37124683 654456 188867 0 X X 0 1 X 1 0 MFA PAC 1301 PENNSYLVANIA AVENUE NW SUITE WASHINGTON DC 20004 521945249 0 0 1 24918924 5524289 -5585913 -61624 3616920 -3678544 PART I-C, LINE 5: MFA-PAC IS A SEPARATE SEGREGATED FUND ESTABLISHED UNDER, AND IN ACCORDANCE WITH, FEDERAL ELECTION LAW. MFA-PAC FUNDS ARE USED FOR POLITICAL PURPOSES TO SUPPORT INCUMBENT FEDERAL CONGRESSIONAL CANDIDATES OF BOTH NATIONAL PARTIES. 1631727 664740 966987 542098 485248 56850 1029589 801140 228449 1252286 SECURITY DEPOSIT 212808 OPERATING LEASE RIGHT-OF-USE ASSETS 4207764 4420572 LEASE LIABILITY 6320676 6320676 X 31896458 188867 188867 31707591 0 31707591 31053135 0 31053135 0 31053135 PART X, LINE 2: MFA IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. MFA'S PRIMARY UNRELATED BUSINESS ACTIVITY CONSISTS OF ADVERTISING REVENUE. THERE WAS NO SIGNIFICANT UNRELATED BUSINESS INCOME. MFA HAS FILED AN EXEMPT ORGANIZATION UNRELATED BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. EUROPE (INCLUDING ICELAND & GREENLAND) 2 11 PROGRAM SERVICE ACTIVITIES INT'L LEGISLATIVE, REGULATORY, RESEARCH SERVICES, & EDUCATIONAL EVENTS 1808676 2 11 0 0 2 11 1808676 0 1808676 0 0 0 0 0 0 X 1 1 X X X X 1 0 0 BRYAN CORBETT PRESIDENT & CEO 952673 0 1900000 0 4002 0 13200 0 47677 0 2917552 0 0 0 JENNIFER HAN EVP, CHIEF COUNSEL, HEAD REG AFFAIRS 512086 0 320000 0 1074 0 13200 0 53121 0 899481 0 0 0 PETER DONOVAN EVP, COO 590547 0 235000 0 9392 0 13200 0 46791 0 894930 0 0 0 JILLIEN FLORES EVP, HEAD OF US GOVERNMENT AFFAIRS 520060 0 300000 0 708 0 13200 0 48959 0 882927 0 0 0 NOAH THERAN GLOBAL HEAD OF COMMUNICATIONS 404365 0 160000 0 527 0 13200 0 54283 0 632375 0 0 0 BROOKE HARLOW FORMER CHIEF COMMERICAL OFFICER 25465 0 0 0 480006 0 1019 0 0 0 506490 0 0 0 NORA RICHARDSON VP, MEMBERSHIP & INV SERVS 303650 0 150000 0 318 0 11304 0 14537 0 479809 0 0 0 MATTHEW DAIGLER VP, REGULATORY AFFAIRS 288499 0 90000 0 1175 0 13200 0 1154 0 394028 0 0 0 AMY D'ANNUNZIO MD, SPONSORSHIP & CONFERENCES 242871 0 110000 0 255 0 13200 0 15148 0 381474 0 0 0 ERIK JOHNSON VP, US GOVERNMENT RELATIONS 288534 0 65000 0 258 0 13200 0 1207 0 368199 0 0 0 RAPHAEL WILLIAMS VP, COMMUNICATIONS 221437 0 60000 0 184 0 11200 0 14192 0 307013 0 0 0 PART I, LINE 1A FIRST CLASS AIRFARE IS PERMITTED FOR INTERNATIONAL FLIGHTS OF SIX OR MORE HOURS FOR ALL EMPLOYEES. PART I, LINE 4A BROOKE HARLOW RECEIVED A SEVERANCE PAYMENT OF $480,006. FORM 990, PART VI, SECTION A, LINE 3 MFA HAS A PROFESSIONAL EMPLOYER ORGANIZATION AGREEMENT WITH TRINET HR CORPORATION TO PROVIDE PERSONNEL, BENEFIT, AND ADMINISTRATIVE SERVICES FOR THE STAFF OF THE ORGANIZATION. MFA DOES NOT DIRECTLY EMPLOY ITS PERSONNEL; ALL SUCH SERVICES ARE PROVIDED THROUGH THE TRINET CONTRACT. TOTAL CASH PAYMENTS TO TRINET FOR THE SALARY, BENEFITS AND ADMINISTRATIVE SERVICES RENDERED FOR THE YEAR ENDED SEPTEMBER 30, 2024, EQUALED $13,647,019. FORM 990, PART VI, SECTION A, LINE 6 MFA OFFERS FIVE MEMBERSHIP CATEGORIES: FOUNDERS COUNCIL, STRATEGIC PARTNER, SUSTAINING, CAPITAL, AND BASIC. FOUNDERS COUNCIL IS COMPRISED OF PREDOMINANTLY LARGE SINGLE-MANAGER HEDGE FUNDS AND STRATEGIC PARTNER IS EXCLUSIVE TO LEADING COUNTERPARTIES AND SERVICE PROVIDERS. ALL OTHER LEVELS CONSIST OF BOTH FUND MANAGERS AND SERVICE PROVIDERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ELECTS AND APPOINTS THE INCOMING BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B LEADERSHIP COMMITTEES, INCLUDING THE EXECUTIVE COMMITTEE AND THE AUDIT AND FINANCE COMMITTEE, CAN ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED 990 IS REVIEWED BY BRYAN CORBETT, PRESIDENT & CEO, BRICE HADDEN, VICE PRESIDENT, ACCOUNTING AND FINANCE, BARRY KNEE, SECRETARY & TREASURER, AND SHELLEY GUILEY, CAO, AS WELL AS THE AUDIT AND FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PART OF OUR EMPLOYEE MANUAL AND THE FORMS ARE SIGNED BY THE DIRECTORS AND EMPLOYEES ANNUALLY. THE CONFLICT OF INTEREST POLICY IS PART OF THE SEPTEMBER BOARD MEETING AGENDA, IN WHICH THE BOARD DISCUSSES THE POLICY AND MECHANISMS FOR ENFORCEMENT OF THE POLICY. IN ADDITION, THE CHAIRS OF EACH SUBSTANTIVE COMMITTEE ARE REQUIRED TO SIGN THE POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO AND OTHER OFFICERS IS REVIEWED BY THE EXECUTIVE COMMITTEE. COMPENSATION OF OTHER STAFF IS REVIEWED BY THE DEPARTMENT HEADS AND THE CEO AND COO. BOTH REVIEWS USE COMPARABILITY DATA FROM THIRD PARTY SURVEYS AND OTHER PEER ASSOCIATION 990S. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. MANAGED FUNDS ASSOCIATION PAC 1301 PENNSYLVANIA AVE NW SUITE 350 WASHINGTON DC 20004 521945249 POLITICAL ACTIVITY DC 527 MFA 0 CENTER FOR ALTERNATIVE INVESTMENT EDUCATION 1301 PENNSYLVANIA AVE NW SUITE 350 WASHINGTON DC 20004 473467663 RESEARCH & EDUCATION DC 501C(3) LINE 7 MFA 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0