2020-07-13T10:20:38-05:00 2019-12-31 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2019-01-01 521634508 INSTITUTE FOR FINANCIAL MARKETS % R GUY SHEETZ INST 2022231528 2001 PENNSYLVANIA AVE NW Suite 600 WASHINGTON DC 20006 PATRICIA FOSHEE PRESIDENT 2022231528 2020-07-10 true Marc Berger P01871563 7038930600 73.53.153.141 54621820201955000104 2020-07-13 P 368DAC767300C917309A1065AAAF2394A888D225 F80C4C4CE64063363A32333BB37C43EAD2BBFD59 2019 2020-09-22 18:59:49Z PATRICIA FOSHEE 2001 PENNSYLVANIA AVE NW600 WASHINGTON DC 20006 407149 false X WWW.THEIFM.ORG X 1989 DC THE INSTITUTE'S MISSION FOCUSES ON TWO PRIMARY AREAS - EDUCATION AND ETHICS DIRECTED AT IMPROVING THE FINANCIAL SERVICES INDUSTRY. 9 7 2 7 0 84672 84672 119272 121191 270904 180769 76043 20517 550891 407149 0 205790 0 0 476558 483849 0 0 0 385641 305270 862199 994909 -311308 -587760 6602077 6737333 154769 149060 6447308 6588273 X THE INSTITUTE'S MISSION FOCUSES ON TWO PRIMARY AREAS - EDUCATION AND ETHICS. THE PURPOSE OF THE IFM IS TO INCREASE PUBLIC AWARENESS AND UNDERSTANDING OF THE IMPORTANCE OF FINANCIAL MARKETS AND THE FINANCIAL SERVICE INDUSTRY TO THE GLOBAL ECONOMY, AND TO IMPROVE THE TECHNICAL COMPETENCE OF THOSE IN THE INDUSTRY WHO DEAL WITH THE PUBLIC. AS SUCH, THE INSTITUTE ENGAGES IN ACTIVITIES SUCH AS RESEARCH, ETHICS AND ANTI-MONEY COMPLIANCE LAUNDERING TRAINING, PUBLICATIONS DISSEMINATION, COURSE DEVELOPMENT, WORKSHOPS, AND CONFERENCES. false false 994909 205790 121191 THE DEVELOPMENT OF PRODUCTS AND MARKET-BASED EDUCATIONAL MATERIALS DIRECTED TO INDUSTRY PROFESSIONALS, MARKET USERS, ACADEMICS AND THOSE WHO SHAPE AND IMPLEMENT PUBLIC FINANCIAL SERVICES INDUSTRY. THE DEVELOPMENT OF STANDARDS AND FOSTERING BEST PRACTICES INITIATIVES IN THE FUTURES AND RELATED FINANCIAL SERVICES INDUSTRY. 994909 true false false false false false false false false false true false false false true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 4 0 2 true false false false false false false false false false false false false false false X 9 7 true false false false false false false true true false false false true true true true true true true false DC IL NY X R GUY SHEETZ 2022231528 2001 PENNSYLVANIA AVE NW SUITE 60 WASHINGTON DC 20006 Walter Lukken Trustee 5.0 37.5 X 0 1613016 37010 Patricia Foshee President 37.5 0.0 X X 246783 0 30091 Myrtle Allen Administrative Manager 37.5 0.0 X 104592 0 17267 Michael Dawley Chairman 1.0 0.0 X 0 0 0 Gary DeWaal Vice Chairman 1.0 0.0 X X 0 0 0 Daniel Driscoll Secretary/Treasurer 1.0 0.0 X X 0 0 0 Peter Borish Member of Board of Trustees 1.0 0.0 X 0 0 0 Arthur Hahn Member of Board of Trustees 1.0 0.0 X 0 0 0 John Damgard Member of Board of Trustees 1.0 0.0 X 0 0 0 Jerome D Kemp Member of Board of Trustees 1.0 0.0 X 0 0 0 351375 1613016 84368 2 false true false 0 84672 84672 PRODUCTS & CLASSES 900099 121191 121191 0 0 121191 180769 180769 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FIA TECHNOLOGY DATABANK SALE 900099 20517 20517 0 0 20517 407149 141708 0 180769 205790 205790 0 0 0 398733 398733 0 0 47940 47940 0 0 0 0 15440 15440 0 0 21736 21736 0 0 0 2438 2438 0 0 8801 8801 0 0 0 0 44960 44960 0 0 47951 47951 0 0 12940 12940 0 0 33491 33491 0 0 5107 5107 0 0 0 36732 36732 0 0 15588 15588 0 0 0 53242 53242 0 0 0 0 34738 34738 0 0 1707 1707 0 0 TRUSTEE & CUSTODIAL FEES 6494 6494 0 0 MISCELLANEOUS TAXES 1081 1081 0 0 994909 994909 0 0 84719 96910 0 0 0 0 1315401 782483 0 0 0 0 0 0 0 0 16363 21619 131938 119732 41876 12206 5143718 5824115 0 0 0 0 0 0 0 0 6602077 6737333 147704 148907 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7065 153 154769 149060 X 4378598 3927562 2068710 2660711 6447308 6588273 6602077 6737333 -587760 728725 X X false true X true false X 0 0 0 84672 84672 169344 1951743 1956132 152691 119272 121191 4301029 0 0 0 1951743 1956132 152691 203944 205863 4470373 0 0 0 84672 84672 169344 0 0 0 0 84672 84672 169344 4301029 42578 125893 428831 113152 180768 891222 0 42578 125893 428831 113152 180768 891222 0 7939 0 2647 76043 20517 107146 2002260 2082025 584169 393139 407148 5468741 0.78648 0.86746 0.16297 0.10725 X 16073 14074 1999 115865 105658 10207 12206 0 INTERCOMPANY PAYABLE 153 153 X PART X, LINE 2: THE ASSOCIATION AND AFFILIATES HAVE PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTAINENCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE TAX YEARS ENDING DECEMBER 31, 2019, 2018, 2017 AND 2016 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. THE ASSOCIATION AND AFFILIATES HAVE DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. true FUTURES FUNDAMENTALS NFP 20 SOUTH WACKER DRIVE CHICAGO IL 60606 822075093 501(c)(3) 200000 1 FORM 990, PART I THE ORGANIZATION KEEPS RECORD OF THE GRANT AGREEMENT, GRANT RECIPIENT ACKNOWLEDGEMENT LETTERS, BOARD OF DIRECTOR MINUTES AND AUDIT REPORTS X X false false false false false false false false false Patricia Foshee President 146783 0 100000 0 0 0 22500 0 7591 0 276874 0 0 0 Walter Lukken Trustee 0 613016 0 1000000 0 0 0 25200 0 11810 0 1650026 0 0 BONUS AND COMPENSATION THE COMPENSATION COMMITTEE OF THE BOARD OF FUTURES INDUSTRY ASSOCIATION WAS DILIGENT IN OBTAINING AND REVIEWING MARKET DATA TO ASSESS A BONUS PAYMENT TO MR. LUKKEN. HIS COMPENSATION, AS WELL AS THE COMPENSATION OF OTHERS, WAS DISCUSSED AND REVIEWED IN DETAIL AT A MEETING OF THE BOARD. FORM 990, Part VI, Section A, Line 2: PATRICIA FOSHEE IS EX OFFICIO BUT SERVES ON THE BOARD OF TRUSTEES AND IS THE PAID PRESIDENT OF THE IFM. WALTER LUKKEN IS EX OFFICIO BUT SERVES ON THE BOARD OF TRUSTEES AND IS THE PAID CEO OF FIA, A RELATED ORGANIZATION DUE TO SHARED BOARD MEMBERS. FORM 990, Part VI, Section B, Line 11B: THE CHIEF FINANCIAL OFFICER OF THE FUTURES INDUSTRY ASSOCIATION, INC. CONDUCTED THE REVIEW IN COLLABORATION WITH THE EXTERNAL ACCOUNTING FIRM. DISCUSSION WAS HELD AT THE EXECUTIVE LEVEL WITHIN THE ORGANIZATION. FORM 990, Part VI, Section B, Line 12c: OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE COVERED UNDER THE POLICY. THE LEVEL AT WHICH DETERMINATIONS OF WHETHER A CONFLICT EXISTS INCLUDES BUT IS NOT LIMITED TO THE FOLLOWING: OWNERSHIP INTEREST IN AN ENTITY THE ORGANIZATION IS PROCURING GOODS OR SERVICES FROM, OTHER TRANSACTIONS WHERE AN INSIDER HAS THE POSSIBILITY OF PERSONAL GAIN AT THE EXPENSE OF THE ORGANIZATION OR ANY TRANSACTION IN WHICH THE ORGANIZATION IS OING BUSINESS WITH A FAMILY MEMBER OR BUSINESS PARTNER. ANY CONFLICTS ARE REVIEWED FIRST BY THE EXECUTIVE DIRECTOR AND THEN BY THE BOARD OF TRUSTEES. RESTRICTIONS INCLUDE REMOVAL OF PARTICIPATION OR ANY PERSONAL INFLUENCE IN THE DISCUSSION OF THE SUBJECT AND ALL DECISION MAKING REGARDING THE TOPIC. FORM 990, Part VI, Section B, Line 15A: THE COMPENSATION COMMITTEE, WHICH ARE THE OFFICERS OF THE INDEPENDENT BOARD OF TRUSTEES, REVIEWS THE COMPENSATION. COMPENSATION GUIDELINES AND RECOMMENDATIONS ARE BASED UPON EMPLOYEE RESPONSIBILITY AND PERFORMANCE AND ON INDUSTRY AND POSITION-SPECIFIC MARKET DATA FROM SOURCES SUCH AS THE ASAE. THE COMPENSATION COMMITTEE APPROVES UPON RECOMMENDATION OF MANAGEMENT WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, Part VI, Section C, Line 19: THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE EXTENT REQUIRED BY LAW. FIA GLOBAL INC 2001 PENNSYLVANIA AVE NW WASHINGTON DC 20006 464617924 MEMBER ASSOC. DC 501(C)(6) FIA false FUTURES INDUSTRY ASSOCIATION INC 2001 PENNSYLVANIA AVE NW WASHINGTON DC 20006 135642275 MEMBER ASSOC. DC 501(C)(6) NA false FIA TECHNOLOGY SERVICES INC 2003 PENNSYLVANIA AVE NW WASHINGTON DC 20006 300472383 DATA STORAGE DC FIA C CORP true true false true false false false false false false false false false false true true false false false false Futures Industry Association Inc c 84672 COST Futures Industry Association Inc n 36732 COST Futures Industry Association Inc O 47940 COST FIA TECHNOLOGY SERVICES E 20517 COST