2021-11-09T09:22:30-06:00 2020-12-31 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2020-01-01 462258052 STRUCTURED FINANCE INDUSTRY GROUP INC STRU 2025246300 1776 I STREET NW NO 501 WASHINGTON DC 20006 COVELL ADAMS CHIEF OPERATING OFFICER 2025246300 2021-11-08 1 COVELL ADAMS XXX-XX-XXXX WILLIAM E TURCO CPA P00369217 3012963600 2021-11-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z STRUCTURED FINANCE ASSOCIATION MICHAEL BRIGHT 1776 I STREET NW NO 501 WASHINGTON DC 20006 11673203 0 X WWW.STRUCTUREDFINANCE.ORG X 2013 DE STRUCTURED FINANCE ASSOCIATION WAS ESTABLISHED WITH THE CORE MISSION OF SUPPORTING A ROBUST AND LIQUID SECURITIZATION MARKET, RECOGNIZING THAT SECURITIZATION IS AN ESSENTIAL SOURCE OF CORE FUNDING FOR THE REAL ECONOMY. 46 46 18 3500 0 0 0 0 10706774 11484697 37413 95984 675 92522 10744862 11673203 3250 8800 0 0 5973159 5912649 0 0 0 4570499 3486018 10546908 9407467 197954 2265736 12813472 11484195 7608691 4013678 5204781 7470517 STRUCTURED FINANCE ASSOCIATION WAS ESTABLISHED WITH THE CORE MISSION OF SUPPORTING A ROBUST AND LIQUID SECURITIZATION MARKET, RECOGNIZING THAT SECURITIZATION IS AN ESSENTIAL SOURCE OF CORE FUNDING FOR THE REAL ECONOMY. 0 0 EDUCATING MEMBERS, LEGISLATORS, REGULATORS, AND OTHER CONSTITUENCIES ABOUT STRUCTURED FINANCE, SECURITIZATION, AND RELATED CAPITAL MARKETS THROUGH (BUT NOT LIMITED TO) SFA-PRODUCED MATERIALS, PRESENTATIONS, FORUMS, AND CONFERENCES. BUILDING THE BROADEST POSSIBLE CONSENSUS AMONG MEMBERS ON POLICY, LEGAL, REGULATORY, AND OTHER MATTERS AFFECTING OR POTENTIALLY AFFECTING THE STRUCTURED FINANCE, SECURITIZATION, AND RELATED CAPITAL MARKETS. ADVOCATING ON BEHALF OF THE STRUCTURED FINANCE AND SECURITIZATION INDUSTRY WITH RESPECT TO POLICY, LEGAL, REGULATORY, AND OTHER MATTERS AFFECTING OR POTENTIALLY AFFECTING THE STRUCTURED FINANCE, SECURITIZATION, AND RELATED CAPITAL MARKETS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 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 1 1 0 1 31 0 1 18 1 0 0 0 0 0 0 1 0 X 46 46 0 0 1 0 1 0 0 1 0 0 0 0 1 0 1 0 0 1 1 0 X COVELL ADAMS COO 2025246300 1776 I STREET NW NO 501 WASHINGTON DC 20006 CHRIS ABATE CHAIRMAN 1.50 X X 0 0 0 PATRICIA EVANS SCHULZE VICE CHAIR 1.50 X X 0 0 0 ANNA-LIZA HARRIS SECRETARY 1.50 X X 0 0 0 ALBERTA KNOWLES TREASURER 1.50 X X 0 0 0 VALERIE KAY DIRECTOR EXECUTIVE COMMITTEE 1.50 X 0 0 0 KEVIN CHAVERS DIRECTOR EXECUTIVE COMMITTEE 1.50 X 0 0 0 JOHN DAHL DIRECTOR EXECUTIVE COMMITTEE 1.50 X 0 0 0 CAROL HITSELBERGER DIRECTOR EXECUTIVE COMMITTEE 1.50 X 0 0 0 MIKE LLODRA DIRECTOR 1.00 X 0 0 0 GORDON SWEELY DIRECTOR 1.00 X 0 0 0 KENT SMITH DIRECTOR 1.00 X 0 0 0 GARY HORBACZ DIRECTOR 1.00 X 0 0 0 KEVIN SWEENEY DIRECTOR 1.00 X 0 0 0 PATRICK SARGENT DIRECTOR 1.00 X 0 0 0 ANDY FAULKNER DIRECTOR 1.00 X 0 0 0 BOB BEHAL DIRECTOR 1.00 X 0 0 0 GREGG SILVER DIRECTOR 1.00 X 0 0 0 NEIL WEIDNER DIRECTOR 1.00 X 0 0 0 TRICIA HAZELWOOD DIRECTOR 1.00 X 0 0 0 ROSEMARY KELLEY DIRECTOR 1.00 X 0 0 0 JASON BEHNKE DIRECTOR 1.00 X 0 0 0 SELENA BULLOCK DIRECTOR 1.00 X 0 0 0 CHRISSI JOHNSON DIRECTOR 1.00 X 0 0 0 JOHN CLEMENTS DIRECTOR 1.00 X 0 0 0 RYAN STARK DIRECTOR 1.00 X 0 0 0 ANDY DAVIDSON DIRECTOR 1.00 X 0 0 0 DEBORAH RAPPOPORT DIRECTOR 1.00 X 0 0 0 JIM AHERN DIRECTOR 1.00 X 0 0 0 MATT BUCKLEY DIRECTOR 1.00 X 0 0 0 STACY HAMPEL DIRECTOR 1.00 X 0 0 0 WILLIAM SHIRLEY DIRECTOR 1.00 X 0 0 0 DARLENE ROSENKOETTER DIRECTOR 1.00 X 0 0 0 BERNADETTE KOGLER DIRECTOR STARTING MARCH 2020 1.00 X 0 0 0 ANDI MANDELL DIRECTOR STARTING 10/2020 1.00 X 0 0 0 MARK MICHAEL DIRECTOR STARTING 10/2020 1.00 X 0 0 0 STEVE MOFFITT DIRECTOR STARTING 10/2020 1.00 X 0 0 0 NANCY MUELLER HANDAL DIRECTOR STARTING 10/2020 1.00 X 0 0 0 MICHELE OLDS DIRECTOR STARTING 10/2020 1.00 X 0 0 0 ADAMA KAH DIRECTOR STARTING 10/2020 1.00 X 0 0 0 ARMANDO FALCON DIRECTOR STARTING 10/2020 1.00 X 0 0 0 VANDY FARTAJ DIRECTOR STARTING 10/2020 1.00 X 0 0 0 DONEENE DAMON DIRECTOR STARTING 10/2020 1.00 X 0 0 0 NATALEE BINKHOLDER DIRECTOR STARTING 10/2020 1.00 X 0 0 0 JON BOSWELL DIRECTOR STARTING 10/2020 1.00 X 0 0 0 GREG WESTON DIRECTOR STARTING 10/2020 1.00 X 0 0 0 CHERIE WILSON DIRECTOR STARTING 10/2020 1.00 X 0 0 0 SEAN BEGLEY DIRECTOR UNTIL 03/2020 1.00 X 0 0 0 VINCE FIORILLO DIRECTOR UNTIL 06/2020 1.00 X 0 0 0 ERIC WIEDELMAN DIRECTOR UNTIL 10/2020 1.00 X 0 0 0 KEN SHINODA DIRECTOR UNTIL 10/2020 1.00 X 0 0 0 RYAN FARRIS DIRECTOR UNTIL 10/2020 1.00 X 0 0 0 STEVE KUDENHOLDT DIRECTOR UNTIL 10/2020 1.00 X 0 0 0 TIM MOHAN DIRECTOR UNTIL 10/2020 1.00 X 0 0 0 EVE KAPLAN DIRECTOR UNTIL 10/2020 1.00 X 0 0 0 CLAIRE MEZZANOTTE DIRECTOR UNTIL 10/2020 1.00 X 0 0 0 CAROLYN NATALE DIRECTOR UNTIL 10/2020 1.00 X 0 0 0 MICHAEL BRIGHT CHIEF EXECUTIVE OFFICER 39.00 1.00 X 1197787 0 50123 KRISTI LEO PRESIDENT 39.00 1.00 X 800051 0 35944 COVELL ADAMS CHIEF OPERATING OFFICER 40.00 X 605426 0 53160 LESLIE SACK MANAGING DIRECTOR 38.00 2.00 X 363944 0 47702 ELEN CALLAHAN MANAGING DIRECTOR 40.00 X 357455 0 50544 JENNIFER EARYES MANAGING DIRECTOR 40.00 X 237052 0 32012 JENNIFER WOLFE MANAGER 40.00 X 285984 0 40668 DALLIN MERRILL MANAGER 40.00 X 207629 0 45359 BRITTANY HINCA MANAGER 40.00 X 134847 0 17474 ANNE RAWNSLEY MANAGER 40.00 X 167705 0 8209 BENJAMIN PARISH MANAGER 40.00 X 126101 0 18952 SAIRAH BURKI FORMER MANAGING DIRECTOR 0.00 X 215000 0 0 4698981 0 400147 13 1 1 0 CVENT 1765 GREENSBORO STATION PLACE TYSONS CORNER VA 22102 CONFERENCE REGISTRATION AND PLANNING 202355 WASHINGTON SPEAKERS BUREAU 1663 PRINCE STREET ALEXANDRIA VA 22314 SPEAKERS AT CONFERENCES 174156 BRIDGE PUBLIC AFFAIRS 832 GEORGIA AVENUE CHATTANOOGA TN 37402 PUBLIC RELATIONS CONSULTING 151470 PORTFIELD FETTIG & SEARS 400 NORTH CAPITOL STREET NW WASHINGTON DC 20001 GOVERNMENT RELATIONS 150000 LUMENS AV 6626 WABASH ST CHINO CA 91710 AV AND LIGHTING SERVICES AT EVENT 102805 5 CONFERENCE REVENUE 900099 6099847 2058022 4041825 MEMBERSHIP DUES 900099 5384850 5384850 11484697 95984 95984 OTHER INCOME 900099 92522 92522 92522 11673203 7442872 0 4230331 8800 3843426 215000 1274773 73279 211616 294555 76092 42397 275477 485783 51585 68250 111828 522893 73328 1426592 64849 12741 COMMENT LETTERS 156295 DUES & SUBSCRIPTIONS 82007 OTHER EXPENSES 35901 9407467 11706571 10802694 11125 11000 863203 465641 514598 310807 232573 203791 0 1069 12813472 11484195 1563975 1365786 5831946 2362850 212770 285042 7608691 4013678 X 5204781 7470517 5204781 7470517 12813472 11484195 2265736 0 X 0 1 X 1 0 0 0 1 5384850 1644944 437667 2082611 861576 1221035 514598 310807 203791 203791 DEFERRED RENT 285042 285042 X 12101876 428673 428673 11673203 0 11673203 9860227 452760 452760 9407467 0 9407467 PART X, LINE 2: SFA AND SFC HAVE BEEN APPROVED FOR TAX EXEMPT STATUS UNDER SECTION 501(C)(6) AND THE FOUNDATION HAS BEEN APPROVED FOR TAX EXEMPT STATUS UNDER 501(C)(3) OF THE CODE AND HAS BEEN DETERMINED TO NOT BE A PRIVATE FOUNDATION. SFC PAC IS EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER SECTION 527(F)(3) OF THE CODE ON ITS EXEMPT ACTIVITIES INCOME. NO SIGNIFICANT UNRELATED BUSINESS INCOME TAX EXPENSE HAS BEEN RECOGNIZED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT EVALUATED EACH ENTITYS TAX POSITION AND CONCLUDED THAT THE ENTITIES HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 428,673. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 452,760. X X X X 1 0 0 MICHAEL BRIGHT CHIEF EXECUTIVE OFFICER 696947 0 500000 0 840 0 17100 0 35272 0 1250159 0 0 0 KRISTI LEO PRESIDENT 598791 0 200000 0 1260 0 15000 0 22788 0 837839 0 0 0 COVELL ADAMS CHIEF OPERATING OFFICER 464586 0 140000 0 840 0 17100 0 38737 0 661263 0 0 0 LESLIE SACK MANAGING DIRECTOR 283104 0 80000 0 840 0 11950 0 38554 0 414448 0 0 0 ELEN CALLAHAN MANAGING DIRECTOR 345523 0 10000 0 1932 0 17100 0 35288 0 409843 0 0 0 JENNIFER WOLFE MANAGER 244753 0 40000 0 1231 0 11000 0 31534 0 328518 0 0 0 JENNIFER EARYES MANAGING DIRECTOR 236485 0 0 0 567 0 13500 0 19322 0 269874 0 0 0 DALLIN MERRILL MANAGER 177103 0 30000 0 526 0 12600 0 34275 0 254504 0 0 0 SAIRAH BURKI FORMER MANAGING DIRECTOR 0 0 0 0 215000 0 0 0 0 0 215000 0 0 0 ANNE RAWNSLEY MANAGER 154708 0 12500 0 497 0 6175 0 3080 0 176960 0 0 0 BRITTANY HINCA MANAGER 114566 0 20000 0 281 0 8100 0 10631 0 153578 0 0 0 PART I, LINE 4A SAIRAH BURKI RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $215,000 AND THIS AMOUNT IS INCLUDED UNDER PART II, COLUMN B(III). FORM 990, PART I, LINE 6, NUMBER OF VOLUNTEERS WE ARE A MEMBER DRIVEN ORGANIZATION, AND OUR COMMENT LETTERS REFLECT THE OPINIONS OF OUR MEMBERSHIP. INDIVIDUALS CONTRIBUTING THEIR OPINIONS MAY BE APPROXIMATELY 3,500. FORM 990, PART VI, SECTION A, LINE 4 CHANGES WERE MADE TO THE BY-LAWS TO: CLARIFY THE DISTINCTION BETWEEN HONORARY AND EX-OFFICIO DIRECTORS AND ESTABLISHES HOW THESE POSITIONS MAY BE ELECTED AND WHAT THE TERM LIMITS ARE; CLARIFICATION OF THE NUMBER OF DIRECTORS SERVING AT ANY ONE TIME AND THE BEGINNING AND ENDING DATES OF TERMS; CLARIFIES THAT A DIRECTOR OR CHAIR EMERITUS IS AN HONORARY POSITION WITH NO VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 6 STRUCTURED FINANCE ASSOCIATION HAD APPROXIMATELY 360 MEMBERS AS OF DECEMBER 31, 2020. THERE ARE TWO TYPES OF CLASSES AS DEFINED IN THE BY-LAWS. PRIMARY MEMBERSHIPS ARE OPEN TO INSTITUTIONAL CORPORATIONS AND ASSOCIATE MEMBERSHIPS ARE OPEN TO INDIVIDUALS (NON-VOTING RIGHTS). FORM 990, PART VI, SECTION A, LINE 8B STRUCTURED FINANCE ASSOCIATION HAD 46 INSTITUTIONAL MEMBERS ON ITS BOARD AS OF DECEMBER 31, 2020, MOST OF WHICH SERVE ON ONE OR MORE COMMITTEES. ACTIONS TAKEN BY THE STANDING COMMITTEES AS DEFINED IN THE BYLAWS ARE APPROVED BY BOD DURING THE QUARTERLY MEETINGS FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF OPERATING OFFICER REVIEWS THE 990 IN DETAIL WITH THE CONTROLLER PRIOR TO FILING; GENERAL REVIEW IS CONDUCTED BY THE CEO, THE CHAIR OF THE BOARD, AND THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C PER OUR BYLAWS ARTICLE VII, COMMITTEES, SECTION 5, QUORUM & VOTING - IF A MEMBER IS COMPRISED OF MULTIPLE ENTITIES, EACH PERFORMING AN INDEPENDENT FUNCTION (E.G. FINANCIAL GUARANTOR, ISSUER, BROKER/DEALER, INVESTOR, ETC.), SUCH MEMBER'S REPRESENTATIVES SHALL BE ENTITLED TO VOTE IN MORE THAN ONE COMMITTEE; PROVIDED THAT SUCH MEMBER, WITH REGARD TO THE COMMITTEE AT ISSUE, DOES NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE SUBJECT MATTER OF THE RELEVANT VOTE INCLUDING, FOR EXAMPLE, ON ACCOUNT OF THE CONTROL OF ONE RELATED ENTITY BY ANOTHER OR THE OVERWHELMING INTEREST OF THE INSTITUTION AS A WHOLE. ANY COMMITTEE MEMBER WHO BELIEVES THAT ANOTHER COMMITTEE MEMBER HAS BEEN IMPROPERLY PERMITTED TO VOTE ON A MATTER WHERE THE RELEVANT MEMBER HAS SUCH CONFLICT OF INTEREST MAY APPEAL SUCH CONFLICTED COMMITTEE MEMBER'S VOTE TO THE CEO, WHO SHALL REVIEW AND DECIDE WHETHER TO PERMIT THE VOTE TO COUNT, IN CONSULTATION WITH THE EXECUTIVE COMMITTEE. THE DECISION OF THE CEO, IN CONSULTATION WITH THE EXECUTIVE COMMITTEE, SHALL BE APPEALABLE SOLELY TO THE CONFLICT RESOLUTION COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 STRUCTURED FINANCE INDUSTRY GROUP HAS ORGANIZED A COMPENSATION COMMITTEE THAT CONSISTS OF SEVEN (7) MEMBERS: AT LEAST FOUR (4) MEMBERS OF THE BOARD, OF WHICH AT LEAST TWO (2) OF WHOM SHALL NOT BE OFFICERS, AND UP TO TWO (2) NON-BOARD MEMBER REPRESENTATIVES. THE COMPENSATION STRUCTURE FOR SFIG IS TO A DEGREE DISCRETIONARY, DUE TO THE REQUIREMENTS OF STAFF NEEDING TO APPLY A SIGNIFICANT DEGREE OF STRUCTURED FINANCE EXPERTISE COMBINED WITH SKILLSETS RELATED TO D.C. ADVOCACY WITHIN A NON-PROFIT/TRADE ORGANIZATION STRUCTURE. THIS HYBRID EXPERIENCE REQUIREMENT MAKES SPECIFIC BENCHMARKING DIFFICULT IN THAT THE AVAILABILITY OF RELEVANT PUBLIC DATA IS EXTREMELY LIMITED. AS SUCH, THE ORGANIZATION RELIES UPON THE DEEP EXPERIENCE PROVIDED VIA THE MEMBERS OF THE COMPENSATION COMMITTEE ACROSS MULTIPLE INDUSTRY PLATFORMS, GIVING REGARD TO THE FOLLOWING FIVE KEY FACTORS: I) KNOWLEDGE OF EXISTING COMPENSATION FOR SUCCESSFUL CANDIDATES (BENCHMARKING TO SIMILAR POSITIONS), II) KNOWLEDGE OF REQUIRED COMPENSATION FOR ALL VIABLE CANDIDATES (I.E., THOSE SELECTED FOR INTERVIEW (RANGE BOUNDING COMPENSATION), III) REFERENCE TO BUDGET BASED OFF ASSESSMENT OF ACHIEVEMENT OF INDIVIDUAL, DEPARTMENTAL AND CORPORATE GOALS THAT ARE ESTABLISHED ANNUALLY, IV) REFERENCE TO GENERALLY "WELL-KNOWN" FINANCIAL SERVICES COMPENSATION MODELS, AND V) BENCHMARK AGAINST OTHER ASSOCIATIONS OF SIMILAR SIZE AND NATURE WITH SPECIFIC EMPHASIS ON KEY RATIOS SUCH AS SALARIES TO INCOME, SALARIES TO PROFITS, SALARIES TO MEMBERSHIP FEES. THE PROCESS ALSO APPLIES TO OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON EMAIL REQUEST. BY-LAWS ARE AVAILABLE TO MEMBERS ONLY, BY EMAIL REQUEST. SFIG FOUNDATION INC 1776 I STREET NW STE 501 WASHINGTON DC 20006 813982260 CHARITABLE ORGANIZATION NY 501(C)(3) LINE 12A, I STRUCTURED FINANCE INDUSTRY GROUP INC 1 STRUCTURED FINANCE COALITION INC 1776 I STREET NW STE 501 WASHINGTON DC 20006 815393177 TRADE ASSOCIATION DE 501(C)(6) STRUCTURED FINANCE INDUSTRY GROUP INC 1 STRUCTURED FINANCE COALITION INC POLITICAL ACTION COMMITTEE 1776 I STREET NW STE 501 WASHINGTON DC 20006 815400419 PAC DE 527 STRUCTURED FINANCE COALITION INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 SFIG FOUNDATION O 129838 TIMESHEETS SFIG FOUNDATION Q 7719 FMV SFIG FOUNDATION S 5000 COST STRUCTURED FINANCE COALITION INC O 132442 TIMESHEETS