2018-11-15T16:11:02-06:00 2017-12-31 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2017-01-01 521634508 INSTITUTE FOR FINANCIAL MARKETS % R GUY SHEETZ INST 2022231528 2001 PENNSYLVANIA AVE NW Suite 600 WASHINGTON DC 20006 PATRICIA FOSHEE PRESIDENT 2022231528 2018-11-14 true MARC BERGER P01871563 7038930600 72.190.123.86 54621820183195000035 2018-11-15 P 453C092F4FAE56C85AAB65CCAB8DCA36E7EE5C2A 453C092F4FAE56C85AAB65CCAB8DCA36E7EE5C2A 2017 2019-02-21 02:37:17Z PATRICIA FOSHEE 2001 PENNSYLVANIA AVE NW600 WASHINGTON DC 20006 3391428 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. X 8 8 3 7 0 0 0 1956132 152691 121193 3236090 4700 2647 2082025 3391428 0 0 0 0 1011072 497261 0 0 0 668419 386840 1679491 884101 402534 2507327 5829192 7573223 1102429 251906 4726763 7321317 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 true 265546 52694 THE DEVELOPMENT OF PRODUCTS AND MARKET-BASED EDUCATIONAL DIRECTED TO INDUSTRY PROFESSIONALS, MARKET USERS, ACADEMICS AND THOSE WHO SHAPE AND IMPLEMENT PUBLIC FINANCIAL SERVICES INDUSTRY. 496329 99997 THE DEVELOPMENT OF STANDARDS AND FOSTERING BEST PRACTICES INITIATIVES IN THE FUTURES AND RELATED FINANCIAL SERVICES INDUSTRY. 761875 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 false false true false false false false false false false false false false false true false true true false false false true 3 0 3 true false false false false false false false false false false X 8 8 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 Patricia Foshee President 37.5 0.0 X X 220632 0 26440 Walter Lukken Trustee 5.0 37.5 X 0 1485088 33342 Michael Dawley Chairman 1.0 1.0 X X 0 0 0 Gary DeWaal Vice Chairman 5.0 5.0 X X 0 0 0 Daniel Driscoll Secretary/Treasurer 5.0 5.0 X X 0 0 0 Peter Borish Trustee 5.0 5.0 X 0 0 0 Arthur Hahn Trustee 5.0 5.0 X 0 0 0 John Damgard Trustee 5.0 5.0 X 0 0 0 220632 1485088 59782 2 false true false 0 0 PRODUCTS & CLASSES 900099 152691 152691 152691 428831 0 428831 0 0 0 0 0 2807259 2807259 2807259 2807259 0 0 0 0 0 0 0 0 0 OTHER REVENUE (NY STATE REFUND) 900099 2647 2647 2647 3391428 152691 0 3238737 X 0 0 0 0 220632 220632 0 245723 245723 4249 4249 1974 1974 24683 24683 0 4278 4278 6700 6700 0 0 13770 13770 94501 94501 14820 14820 33731 33731 4477 4477 0 39367 39367 22574 22574 0 94511 94511 0 0 26541 26541 1516 1516 TRUSTEE & CUSTODIAL FEES 28813 28813 MISCELLANEOUS TAXES 1241 1241 884101 761875 122226 0 2539751 177665 163712 0 0 0 55801 1730873 0 0 0 0 0 0 2937 5201 30445 4742 126870 50441 97112 76429 2939434 5578313 0 0 0 0 0 0 0 0 5829192 7573223 201558 131878 0 0 716816 4500 0 0 0 0 0 0 0 0 0 0 184055 115528 1102429 251906 X 2842293 5129942 1884470 2191375 0 0 4726763 7321317 5829192 7573223 2507327 87227 X X false true X true false X 25500 5000 0 0 0 30500 1848412 1866734 1951743 1956132 152691 7775712 0 0 0 1873912 1871734 1951743 1956132 152691 7806212 25500 5000 0 0 0 30500 0 25500 5000 0 0 0 30500 7775712 53409 37123 42578 125893 428831 687834 0 53409 37123 42578 125893 428831 687834 0 0 0 7939 0 2647 10586 1927321 1908857 2002260 2082025 584169 8504632 0.91429 0.94775 0.08088 0.03207 X 0 13074 11529 1545 0 113796 38912 74884 76429 0 INTERCOMPANY PAYABLE 115528 115528 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, 2017, 2016, 2015 AND 2014 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. X X false false false false false false false false false Patricia Foshee President 145632 75000 19857 6583 247072 Walter Lukken Trustee 585088 900000 0 0 0 0 0 1485088 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. SALE OF DATABANK PRODUCT LINE 2017-01-01 2807259 APPRAISAL 300472383 FIA TECHNOLOGY SERVICES INC 2001 Penn Ave NW Washington DC 20006 CORPORATION false false false false FORM 990, Part III, LINE 3 In January 2017, the organization sold its databank product line to FIA Tech. FIA Tech is a related party. 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. FORM 990 PART IX LINE 11G DESCRIPTION:GENERAL CONSULTING & TRAINING TOTAL FEES:91326 FORM 990 PART IX LINE 11G DESCRIPTION:speakers fees TOTAL FEES:3175 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 1.00000 true false false false false false false false false false false false false false true true false false false false