FINRA INVESTOR EDUCATION FOUNDATION: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- FINRA INVESTOR EDUCATION FOUNDATION (EIN 20-0863779)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-15
- IRS object ID
- 201813199349308561
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule N
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-15T12:46:34-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1900 SCRIPPS CENTER 312 WALNUT ST | AddressLine1Txt |
| City | CINCINNATI | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 45202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200863779 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINRA INVESTOR EDUCATION FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % JENNIFER P MITCHELL | InCareOfNm |
| Business Name Control | FINR | BusinessNameControlTxt |
| Phone | 2027288949 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1735 K STREET NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 200061506 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT A RENNER | PersonNm |
| Person Title | VICE PRESIDENT | PersonTitleTxt |
| Phone | 2403865303 | PhoneNum |
| Signature | 2018-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIE L SPARKS | PreparerPersonNm |
| PTIN | P01268401 | PTIN |
| Phone | 5136121400 | PhoneNum |
| Preparation | 2018-11-12 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 75.23.198.254 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 86597020183195000003 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2018-11-15 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 79704D1B1FD29BF7C0C26D7B259B714D6034963E | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 792E0AAC5A27EF8E692221D1D01611EA294E7B56 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GERALDINE M WALSH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1735 K STREET NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 200061506 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $56,750,294 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.FINRAFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2004 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION IS TO EMPOWER UNDERSERVED AMERICANS WITH THE KNOWLEDGE, SKILLS AND TOOLS TO MAKE SOUND FINANCIAL DECISIONS THROUGHOUT LIFE. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | -$36,293 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$36,293 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,737,659 | PYContributionsGrantsAmt |
| CY Contributions Grants | $81,673 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,072,257 | PYInvestmentIncomeAmt |
| CY Investment Income | $9,301,819 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $4,809,916 | PYTotalRevenueAmt |
| CY Total Revenue | $9,383,492 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,901,708 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $403,994 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,884,283 | PYOtherExpensesAmt |
| CY Other Expenses | $2,882,421 | CYOtherExpensesAmt |
| PY Total Expenses | $5,785,991 | PYTotalExpensesAmt |
| CY Total Expenses | $3,286,415 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$976,075 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,097,077 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $76,240,005 | TotalAssetsBOYAmt |
| Total Assets EOY | $80,001,624 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $363,660 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $219,561 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $75,876,345 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $79,782,063 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION IS TO EMPOWER UNDERSERVED AMERICANS WITH THE KNOWLEDGE, SKILLS AND TOOLS TO MAKE SOUND FINANCIAL DECISIONS THROUGHOUT LIFE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,212,739 | ExpenseAmt |
| Desc | PROTECT CONSUMERS FROM FINANCIAL FRAUD - SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $897,021 | ExpenseAmt |
| Grant | $227,113 | GrantAmt |
| Desc | FOSTER SUSTAINABLE FINANCIAL EDUCATION - SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $529,882 | ExpenseAmt |
| Desc | ADVANCE MILITARY FINANCIAL READINESS - SEE SCHEDULE O | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $315,547 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $176,881 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $2,955,189 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | Yes (true) | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 13 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JENNIFER P MITCHELL | PersonNm |
| Phone | 2027288949 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1735 K STREET NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 200061506 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| ROBERT W COOK | ||||||||
| CHAIRMAN | 1.0 | 59.0 | Yes (X) | $0 | $1,008,615 | $442,908 | ||
| JAYNE W BARNARD | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| CAMILLE M BUSETTE | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| T GRANT CALLERY | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JOHN T DOOLEY | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| G DONALD STEEL | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| ELISSE B WALTER | ||||||||
| BOARD MEMBER | 3.0 | 5.0 | Yes (X) | $0 | $88,691 | $0 | ||
| GERALDINE M WALSH | ||||||||
| PRESIDENT | 48.0 | 12.0 | $0 | $544,793 | $97,211 | Yes (X) | ||
| EILEEN M FAMIGLIETTI | ||||||||
| TREASURER | 6.0 | 54.0 | $0 | $456,309 | $104,238 | Yes (X) | ||
| JENNIFER P MITCHELL | ||||||||
| CORPORATE SECRETARY | 3.0 | 57.0 | $0 | $314,087 | $88,099 | Yes (X) | ||
| RICHARD G KETCHUM FMR | ||||||||
| CHAIRMAN | 0.0 | 0.0 | $0 | $937,500 | $3,650 | Yes (X) | ||
| MARCIA E ASQUITH FMR | ||||||||
| CORPORATE SECRETARY | 0.0 | 0.0 | $0 | $703,414 | $137,476 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $4,053,409 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $873,582 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| AMERICAN LIBRARY ASSOCIATION | |||||
| 50 EAST HURON STREET | CHICAGO | IL | 60611 | SEE SCHEDULE O | $440,000 |
| ASSOCIATION FOR FINANCIAL COUNSELIN | |||||
| 79 S STATE STREET | WESTERVILLE | OH | 43081 | SEE SCHEDULE O | $330,149 |
| UNITED WAY WORLDWIDE | |||||
| PO BOX 630568 | BALTIMORE | MD | 21263 | SEE SCHEDULE O | $236,353 |
| AARP FOUNDATION | |||||
| 601 EAST STREET NW | WASHINGTON | DC | 20049 | SEE SCHEDULE O | $220,000 |
| NATIONAL CENTER FOR VICTIMS OF CRIM | |||||
| 2000 M STREET NW | WASHINGTON | DC | 20036 | SEE SCHEDULE O | $130,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $81,673 | RelatedOrganizationsAmt |
| Total Contributions | $81,673 | TotalContributionsAmt |
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $902,837 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$36,293 | UnrelatedBusinessRevenueAmt |
| Exclusion | $939,130 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $55,765,784 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $47,366,802 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,398,982 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,398,982 | TotalRevenueColumnAmt |
| Exclusion | $8,398,982 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,383,492 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$36,293 | UnrelatedBusinessRevenueAmt |
| Exclusion | $9,338,112 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $392,775 | TotalAmt |
| Program Services | $392,775 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,219 | TotalAmt |
| Program Services | $11,219 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,952,392 | TotalAmt |
| Program Services | $1,952,392 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,485 | TotalAmt |
| Management And General | $43,485 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,779 | TotalAmt |
| Management And General | $104,779 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $902 | TotalAmt |
| Program Services | $902 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,043 | TotalAmt |
| Program Services | $15,043 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $203,328 | TotalAmt |
| Program Services | $136,806 | ProgramServicesAmt |
| Management And General | $66,522 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,498 | TotalAmt |
| Program Services | $80,237 | ProgramServicesAmt |
| Management And General | $27,261 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,119 | TotalAmt |
| Program Services | $39,618 | ProgramServicesAmt |
| Management And General | $51,501 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,498 | TotalAmt |
| Program Services | $74,107 | ProgramServicesAmt |
| Management And General | $11,391 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,128 | TotalAmt |
| Program Services | $147,110 | ProgramServicesAmt |
| Management And General | $16,018 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| DUES/MEMBERSHIP FEE | $78,003 | $76,488 | $1,515 |
| PUBLICATIONS/PRINTING | $28,492 | $28,492 | |
| BANK SERVICE FEES | $6,775 | $6,775 | |
| TAXES | $1,979 | $1,979 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,286,415 | TotalAmt |
| Program Services | $2,955,189 | ProgramServicesAmt |
| Management And General | $331,226 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,772,309 | BOYAmt |
| EOY | $731,651 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $626,600 | BOYAmt |
| EOY | $1,430 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,612 | BOYAmt |
| EOY | $57,701 | EOYAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,728,589 | BOYAmt |
| EOY | $51,514,288 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,061,895 | BOYAmt |
| EOY | $27,696,554 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,240,005 | BOYAmt |
| EOY | $80,001,624 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $346,581 | BOYAmt |
| EOY | $189,897 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,079 | BOYAmt |
| EOY | $29,664 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $363,660 | BOYAmt |
| EOY | $219,561 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,776,345 | BOYAmt |
| EOY | $79,686,435 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,000 | BOYAmt |
| EOY | $95,628 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,876,345 | BOYAmt |
| EOY | $79,782,063 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,240,005 | BOYAmt |
| EOY | $80,001,624 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $6,097,077 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$52,550 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $3,033,121 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $104,779 | InvestmentExpenseAmt |
| Other Changes In Net Assets | -$5,276,709 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $100,000 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $628 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,000 | GrantsOrScholarshipsAmt |
| End Year Balance | $95,628 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributions | $100,000 | ContributionsAmt |
| End Year Balance | $100,000 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| CY Minus2 Yr Endwmt Fund | CYMinus2YrEndwmtFundGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 1.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
| Land | LandGrp | |
| Buildings | BuildingsGrp | |
| Leasehold Improvements | LeaseholdImprovementsGrp | |
| Equipment | EquipmentGrp | |
| Other Land Buildings | OtherLandBuildingsGrp | |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIVATE INVESTMENTS | Desc |
| Book Value | $27,696,554 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $27,696,554 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO RELATED ORGANIZATION | Desc |
| Amt | $29,664 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $29,664 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $10,184,720 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$52,550 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $3,033,121 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $2,980,571 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,204,149 | RevenueSubtotalAmt |
| Other Revenues Not Included | $2,179,343 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $2,179,343 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $9,383,492 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,279,002 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $3,033,121 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | -$40,534 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,992,587 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,286,415 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $3,286,415 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PART X, LINE 2 | ASC740 FOOTNOTE THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(4)OF THE INTERNAL REVENUE CODE. FOR YEARS ENDED DECEMBER 31, 2014 THROUGH DECEMBER 31, 2017, WHICH REPRESENT THE PERIODS MANAGEMENT CONSIDERS TO BE OPEN FOR EXAMINATION BY TAXING AUTHORITIES, MANAGEMENT DID NOT IDENTIFY THE EXISTENCE OF ANY UNCERTAIN TAX POSITIONS. UNRELATED BUSINESS INCOME UNRELATED BUSINESS INCOME ACTIVITIES ARE TAXED AT NORMAL CORPORATE RATES TO THE EXTENT THAT THEY GENERATE TAXABLE NET INCOME. SUCH UNRELATED BUSINESS INCOME MAY BE GENERATED BY CERTAIN ACTIVITIES WITHIN THE FOUNDATION'S LIMITED PARTNERSHIP INVESTMENT. SCHEDULE D, PART XI, LINE 4B AMOUNTS INCLUDED ON FORM 990, PART VIII, LINE 12, BUT NOT ON LINE 1 ARE RELATED TO K-1 INVESTMENT GAINS. SCHEDULE D, PART XII, LINE 2D AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25 RELATE TO REFUNDS OF PRIOR YEAR'S UNUSED GRANTS. |
| SCHEDULE D, PART V, LINE 4 | IN 2016, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. (FINRA) CONTRIBUTED A ONE-TIME TEMPORARILY RESTRICTED CONTRIBUTION OF $0.1 MILLION TO THE FOUNDATION. THE TEMPORARILY RESTRICTED CONTRIBUTION FUNDED THE KETCHUM PRIZE FUND, NAMED FOR FORMER FINRA CHAIRMAN AND CHIEF EXECUTIVE OFFICER AND FOUNDATION CHAIRMAN RICHARD G. KETCHUM, TO AWARD AN ANNUAL PRIZE IN HONOR OF EXEMPLARY CONTRIBUTIONS TO THE FIELD OF INVESTOR PROTECTION AND FINANCIAL CAPABILITY IN THE UNITED STATES. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Central America and the Caribbean | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | Investments | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $27,870,000 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $27,870,000 | SubtotalSpentAmt |
| Total Spent | $27,870,000 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| GREEN MOUNTAIN UNITED WAY | |||||||
| 73 MAIN STREET | MONTPELIER | VT | 05602 | 030261384 | 501(C)(3) | $20,000 | SEE PART IV |
| IOWA STATE UNIVERSITY | |||||||
| 505 MORRILL ROAD | AMES | IA | 50011 | 426004224 | 501(C)(3) | $59,739 | SEE PART IV |
| MONTANA STATE UNIVERSITY | |||||||
| 309 MONTANA HALL | BOZEMAN | MT | 59717 | 816010045 | 501(C)(3) | $34,166 | SEE PART IV |
| NATIONAL DISABILITY INSTITUTE | |||||||
| 1667 K STREET | WASHINGTON | DC | 20006 | 204205838 | 501(C)(3) | $50,000 | SEE PART IV |
| NEW YORK UNIVERSITY | |||||||
| 100 WASHINGTON SQ EAST | NEW YORK | NY | 10003 | 135562308 | 501(C)(3) | $30,349 | SEE PART IV |
| UNITED WAY OF BARTHOLOMEW COUNTY | |||||||
| 1531 13TH STREET | COLUMBUS | IN | 47201 | 351132860 | 501(C)(3) | $20,000 | SEE PART IV |
| UNITED WAY OF DANE COUNTY | |||||||
| 2059 ATWOOD AVENUE | MADISON | WI | 53704 | 390817532 | 501(C)(3) | $20,000 | SEE PART IV |
| UNITED WAY OF GREATER TOLEDO | |||||||
| 424 JACKSON STREET | TOLEDO | OH | 43604 | 344427947 | 501(C)(3) | $20,000 | SEE PART IV |
| UNITED WAY OF MONROE COUNTY | |||||||
| 441 SO COLLEGE AVE | BLOOMINGTON | IN | 47403 | 350985959 | 501(C)(3) | $52,319 | SEE PART IV |
| UNIVERSITY OF MARYLAND | |||||||
| 620 WEST LEXINGTON ST | BALTIMORE | MD | 21201 | 526002033 | 501(C)(3) | $11,963 | SEE PART IV |
| URBAN INSTITUTE | |||||||
| 2100 M STREET | WASHINGTON | DC | 20037 | 520880375 | 501(C)(3) | $38,750 | SEE PART IV |
| URBAN INSTITUTE | |||||||
| 2100 M STREET | WASHINGTON | DC | 20037 | 520880375 | 501(C)(3) | $34,600 | SEE PART IV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 12 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | 2017 KETCHUM PRIZE FOR INVESTOR PROTECTION | GrantTypeTxt |
| Recipient | 1 | RecipientCnt |
| Cash Grant | $10,000 | CashGrantAmt |
| Non Cash Assistance | $1,219 | NonCashAssistanceAmt |
| Valuation Method Used | COST | ValuationMethodUsedDesc |
| Non Cash Assistance | GIFTS/TRAVEL EXPENSE | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, SCHEDULE I, PART II, COLUMN (H) | GRANTS AND OTHER ASSISTANCE - PURPOSE OF GRANT OR ASSISTANCE GREEN MOUNTAIN UNITED WAY, MONTPELIER, VT - (03-0261384) FINANCIAL WELLNESS AT WORK PROJECT LEADERS ARE EXPANDING THE WORKING BRIDGES PROGRAM (WHICH USES THE WORKPLACE AS A PLATFORM FOR THE PROVISION OF FINANCIAL STABILITY SERVICES) AND POSITIONING IT FOR A SUSTAINABLE FUTURE BY DEVELOPING AND DEPLOYING MARKETING MATERIALS AND DEVELOPING A PROGRAM EVALUATION PLAN AND DATA COLLECTION TOOLS. IOWA STATE UNIVERSITY, AMES IA - (42-6004224) SMART INVESTING@YOUR LIBRARY IOWA STATE UNIVERSITY EXTENSION IS WORKING IN PARTNERSHIP WITH THE STATE LIBRARY OF IOWA TO BUILD THE FINANCIAL CAPABILITY OF IOWA'S LIBRARIANS AND OTHER PUBLIC EMPLOYEES. THE PROJECT TARGETS PUBLIC EMPLOYEES (INCLUDING PUBLIC LIBRARIANS, SCHOOL LIBRARIANS, TEACHERS, AND MUNICIPAL FINANCE PROFESSIONALS) FOR THEIR OWN BENEFIT AND BECAUSE THEY ARE WELL-POSITIONED TO HELP OTHERS IMPROVE THEIR FINANCIAL SKILLS AND KNOWLEDGE. THE LEARNING ADDRESSES FINANCIAL PLANNING, CREDIT, INSURANCE, SAVING, INVESTING, RETIREMENT AND ESTATE PLANNING. MONTANA STATE UNIVERSITY, BOZEMAN, MT - (81-6010045) THREE-STATE EXPANSION OF THE SOLID FINANCES WEBINAR SERIES MONTANA STATE UNIVERSITY IS LEADING A PROJECT TEAM COMPRISING EXTENSION EDUCATORS AND LIBRARIANS TO EXTEND THE SOLID FINANCES DISTANCE LEARNING PROGRAM INTO IDAHO IN PARTNERSHIP WITH THE UNIVERSITY OF IDAHO, WHILE CONTINUING TO EXPAND DELIVERY IN MONTANA AND THE DAKOTAS THROUGH NEW PARTNERSHIPS AND CHANNELS. NATIONAL DISABILITY INSTITUTE, WASHINGTON, DC - (20-4205838) FINANCIAL CAPABILITY OF ADULTS WITH DISABILITIES USING DATA FROM THE FINRA FOUNDATION'S 2015 NATIONAL FINANCIAL CAPABILITY STUDY, THE NATIONAL DISABILITY INSTITUTE (NDI) IS EXAMINING THE IMPACT OF DISABILITY ON FINANCIAL CAPABILITY. NDI IS ALSO STUDYING HOW FINANCIAL CAPABILITY VARIES BY DISABILITY TYPE AND SOCIOECONOMIC AND DEMOGRAPHIC CHARACTERISTICS. THE FINDINGS WILL PROVIDE INFORMATION CRITICAL FOR DEVELOPING AND IMPLEMENTING FINANCIAL EDUCATION PROGRAMS FOR PEOPLE WITH DISABILITIES. NEW YORK UNIVERSITY, NEW YORK, NY - (13-5562308) TRANSFORMING DISCLOSURE THROUGH ONLINE INTERACTION NEW YORK UNIVERSITY, IN PARTNERSHIP WITH THE UNIVERSITY OF SOUTHERN CALIFORNIA CENTER FOR ECONOMIC AND SOCIAL RESEARCH, IS USING ITS EXPERIMENTAL ONLINE SAVING PLATFORM TO STUDY THE EFFECTS OF INTERACTIVE ONLINE DISCLOSURES ON CONSUMERS' INVESTMENT BEHAVIOR, DISCLOSURE UNDERSTANDING, AND PERCEPTION OF MAKING INFORMED DECISIONS. IN PARTICULAR, RESEARCHERS ARE EXAMINING HOW DIFFERENT INTERACTIVE DISCLOSURES IMPACT CONSUMERS' WILLINGNESS TO INVEST, CHOICE OF FUNDS, UNDERSTANDING OF KEY FEATURES OF INVESTMENT PRODUCTS, AND SUBJECTIVE PERCEPTIONS OF MAKING SOUND INVESTMENT DECISIONS. UNITED WAY OF BARTHOLOMEW COUNTY, COLUMBUS, IN - (35-1132860) FINANCIAL WELLNESS AT WORK UNITED WAY OF BARTHOLOMEW COUNTY IS PILOTING A PROGRAM WITH LOCAL EMPLOYERS TO PROVIDE ONSITE SERVICES FOR WORKERS, INCLUDING FINANCIAL EDUCATION WORKSHIPS. ONE-ON-ONE FINANCIAL COACHING, FREE TAX PREPARATION, AND ACCESS TO AN EMPLOYER-SPONSORED SMALL-DOLLAR LOAN. A LOCAL WORKFORCE DEVELOPMENT PROGRAM IS HELPING PARTICIPANTS TO OVERCOME BARRIERS TO SUSTAINED EMPLOYMENT, INCLUDING RELIABLE TRANSPORTATION AND CHILDCARE. UNITED WAY OF DANE COUNTY, MADISON, WI - (39-0817532) FINANCIAL WELLNESS AT WORK UNITED WAY OF DANE COUNTY IS WORKING IN PARTNERSHIP WITH THE UNIVERSITY OF WISCONSIN EXTENSION TO PROVIDE ONSITE FINANCIAL EDUCATION AND ONE-ON-ONE FINANCIAL COUNSELING IN COOPERATION WITH A GROUP OF EMPLOYERS THAT ARE COLLABORATING ON WAYS TO HELP DISADVANTAGED WORKERS SECURE, MAINTAIN, AND ADVANCE IN EMPLOYMENT OPPORTUNITIES. UNITED WAY SERVICES OF GREATER TOLEDO, TOLEDO, OH - (34-4427947) FINANCIAL WELLNESS AT WORK UNITED WAY OF GREATER TOLEDO IS PILOTING A PROJECT TO LINK COMPANIES PARTICIPATING IN ITS SUCCESSFUL EMPLOYER-SPONSORED SMALL-DOLLAR LOAN PROGRAM WITH ADDITIONAL WORKPLACE FINANCIAL CAPABILITY SERVICES, INCLUDING COMMUNITY REFERRALS, ONE-ON-ONE FINANCIAL COUNSELING, AND FINANCIAL EDUCATION WORKSHOPS. UNITED WAY OF MONROE COUNTY, BLOOMINGTON, IN - (35-0985959) FINANCIAL EDUCATION IN YOUR COMMUNITY IN PARTNERSHIP WITH THE MONROE COUNTY FINANCIAL STABILITY ALLIANCE, UNITED WAY OF MONROE COUNTY IS INTEGRATING FINANCIAL EDUCATION INTO EXISTING PROGRAMS FOR VULNERABLE AND DISCONNECTED TEENS. UNIVERSITY OF MARYLAND SCHOOL OF SOCIAL WORK, BALTIMORE, MD - (52-6002033)PSYCHOLOGICAL WELL-BEING AND FINANCIAL CAPABILITY THE RESEARCH TEAM IS INVESTIGATING THE CORRELATION BETWEEN PSYCHOSOCIAL WELL-BEING AND FINANCIAL CAPABILITY. PSYCHOSOCIAL WELL-BEING IS MEASURED BY RATINGS OF SUBJECTIVE WELL-BEING AND STRESS INDUCED BY MAJOR LIFE EVENTS (SUCH AS LOSS OF A JOB OR DEATH OF A SPOUSE). MEASURES OF FINANCIAL CAPABILITY INCLUDE THE RESPONDENTS' FINANCIAL KNOWLEDGE ALONG WITH FINANCIAL BEHAVIORS AND ATTITUDES (FOR EXAMPLE, THE ABILITY TO MAKE ENDS MEET, PLANNING FOR THE FUTURE, PERCEPTIONS OF INDEBTEDNESS, AND WILLINGNESS TO TAKE FINANCIAL RISK). URBAN INSTITUTE, WASHINGTON, DC - (52-0880375) HEALTH INSURANCE, FINANCIAL KNOWLEDGE, AND THE RISK OF MEDICAL DEBT THE RESERACH TEAM IS USING DATA FROM THE 2012 AND 2015 WAVES OF THE FINRA FOUNDATION'S NATIONAL FINANCIAL CAPABILITY STUDY TO EXPLORE RELATIONSHIPS AMONG FINANCIAL KNOWLEDGE, MEDICAL DEBT, HEALTH INSURANCE, AND REGION. URBAN INSTITUTE, WASHINGTON, DC - (52-0880375) DELINQUENT DEBT DECISIONS AND THEIR CONSEQUENCES OVER TIME RESEARCHERS ARE USING A NATIONALLY REPRESENTATIVE CREDIT BUREAU DATABASE, ALONG WITH THE FINRA FOUNDATION'S NATIONAL FINANCIAL CAPABILITY STUDY STATE-BY-STATE DATA, TO INVESTIGATE WHICH BILLS FAMILIES DECIDE TO STOP PAYING FIRST WHEN IN FINANCIAL DISTRESS, AND WHETHER FAMILIES MAKE DELINQUENT-DEBT DECISIONS THAT CAUSE LESS FINANCIAL HARM OVER TIME. URBAN INSTITUTE IS ALSO STUDYING HOW THESE DELINQUENT-DEBT DECISIONS RELATE TO FAMILIES' CHARACTERISTICS AND WHETHER CONSUMERS WITH BETTER FINANCIAL KNOWLEDGE ARE MORE LIKELY TO MAKE LESS HARMFUL DEFAULT DECISIONS. |
| FORM 990, SCHEDULE I, LINE 2 | DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS FOLLOWING APPROVAL OF A GRANT APPLICATION BY THE BOARD OF DIRECTORS, THE FOUNDATION EXECUTES A GRANT AGREEMENT WITH THE APPLICANT. THIS AGREEMENT SPECIFIES THE TERMS AND CONDITIONS OF THE GRANT, AS WELL AS THE REPORTING AND PAYMENT SCHEDULE. NARRATIVE AND FINANCIAL PROGRESS REPORTS AND ALL DELIVERABLES ARE REVIEWED BY THE FOUNDATION TO ENSURE QUALITY AND COMPLIANCE WITH THE GRANT AGREEMENT. IN ADDITION TO PROGRESS REPORTS, GRANTEES ARE REQUIRED TO COMPLETE A FINAL NARRATIVE AND FINANCIAL REPORT DETAILING PROJECT OUTCOMES AND ACCOUNTING FOR THE USE OF FUNDS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT W COOK | ||||||||||||||
| CHAIRMAN | $0 | $981,846 | $0 | $0 | $0 | $26,769 | $0 | $440,985 | $0 | $1,923 | $0 | $1,451,523 | $0 | $0 |
| GERALDINE M WALSH | ||||||||||||||
| PRESIDENT | $0 | $291,454 | $0 | $216,460 | $0 | $36,879 | $0 | $82,742 | $0 | $14,469 | $0 | $642,004 | $0 | $0 |
| EILEEN M FAMIGLIETTI | ||||||||||||||
| TREASURER | $0 | $270,749 | $0 | $137,000 | $0 | $48,560 | $0 | $61,358 | $0 | $42,880 | $0 | $560,547 | $0 | $27,944 |
| JENNIFER P MITCHELL | ||||||||||||||
| CORPORATE SECRETARY | $0 | $197,877 | $0 | $110,000 | $0 | $6,210 | $0 | $40,748 | $0 | $47,351 | $0 | $402,186 | $0 | $0 |
| MARCIA E ASQUITH FMR | ||||||||||||||
| CORPORATE SECRETARY | $0 | $309,672 | $0 | $355,000 | $0 | $38,742 | $0 | $113,373 | $0 | $24,103 | $0 | $840,890 | $0 | $0 |
| RICHARD G KETCHUM FMR | ||||||||||||||
| CHAIRMAN | $937,500 | $3,650 | $941,150 | |||||||||||
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART I, LINES 3 AND 4B | FormAndLineReferenceDesc |
| Explanation | SUPPLEMENTAL COMPENSATION INFORMATION THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. ALL SERVICES ARE PROVIDED BY EMPLOYEES OF FINRA OR ITS SUBSIDIARIES. THE FOUNDATION DOES NOT COMPENSATE THESE EMPLOYEES FOR THEIR SERVICES. LINE 3) COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR IS ESTABLISHED AT AND PAID BY THE PARENT ORGANIZATION, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. FOR FURTHER DETAILS REGARDING COMPENSATION OF OFFICERS, PLEASE REFER TO THE 2017 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX - FORM 990 OF THE FOUNDATION'S PARENT ORGANIZATION, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. LINE 4B) FINRA'S SUPPLEMENTAL DEFINED CONTRIBUTION PLAN IS A NON-QUALIFIED PLAN THAT IS OPEN TO VICE PRESIDENTS AND ABOVE WITH AN ANNUAL BASE PAY ABOVE THE QUALIFIED LIMIT. IT IS ONLY OPEN TO THOSE NOT PARTICIPATING IN THE CLOSED NON-QUALIFIED DEFINED BENEFIT PLAN. IT IS A FINRA FUNDED PLAN WITH A THREE YEAR VESTING CYCLE WITH ANNUAL VESTING BEGINNING AT AGE 62. PARTICIPANTS IN THE SUPPLEMENTAL NON-QUALIFIED DEFINED CONTRIBUTION PLAN WITH CONTRIBUTIONS VESTING IN 2017 INCLUDE: EILEEN M. FAMIGLIETTI - $46,538 | ExplanationTxt |
Schedule N IRS990ScheduleN
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liquidation Of Assets Table | LiquidationOfAssetsTableGrp |
Disposition Of Assets Detail DispositionOfAssetsDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Distri Or Expnss Paid | INVESTMENT IN LP | AssetsDistriOrExpnssPaidDesc |
| Distribution | 2017-09-30 | DistributionDt |
| Fair Market Value Of Asset | $24,307,612 | FairMarketValueOfAssetAmt |
| Method Of FMV Determination | FMV | MethodOfFMVDeterminationTxt |
| EIN | 530088710 | EIN |
| Person | FINANCIAL INDUSTRY REGULATORY AUTHO | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1735 K STREET NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | 501(C)(6) | IRCSectionTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | false | DirectorOfSuccessor2Ind |
| Employee Of Successor2 | false | EmployeeOfSuccessor2Ind |
| Owner Of Successor2 | false | OwnerOfSuccessor2Ind |
| Receive Compensation2 | false | ReceiveCompensation2Ind |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINES 4 & 6 | SIX OF THE SEVEN MEMBERS OF THE BOARD OF DIRECTORS, ACTIVE ON DECEMBER 31, 2017, ARE CONSIDERED INDEPENDENT VOTING MEMBERS AND SERVE ON A VOLUNTEER BASIS. AS DISCLOSED IN LINES (1) AND (9) OF FORM 990, PART VII, SECTION A, LINE 1A, TWO BOARD MEMBERS RECEIVE COMPENSATION FROM FINRA, THE FOUNDATION'S PARENT. ONE BOARD MEMBER RECEIVES COMPENSATION AS AN OFFICER OF FINRA AND IS NEITHER CONSIDERED INDEPENDENT NOR COUNTED AS A VOLUNTEER. THE OTHER BOARD MEMBER IS COMPENSATED FOR HER WORK AS A MEMBER OF THE BOARD OF FINRA AND IS CONSIDERED INDEPENDENT AND COUNTED AS A VOLUNTEER. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR APPROVING GRANTS AND PROJECTS. |
| FORM 990,PART III, LINE 4 | THE FINRA FOUNDATION HELPS AMERICANS BUILD FINANCIAL STABILITY, INVEST FOR LIFE GOALS AND GUARD AGAINST FRAUD. THE FOUNDATION'S RESEARCH-BASED PROGRAMS ADDRESS THE NEEDS OF INVESTORS, MILITARY SERVICE MEMBERS, LOWER-INCOME WORKING AMERICANS AND FAMILIES. MUCH OF THIS WORK IS ACCOMPLISHED IN PARTNERSHIP WITH ORGANIZATIONS THAT SHARE A DEEP COMMITTMENT TO THE FOUNDATION'S MISSION. THE FOUNDATION EMPOWERS ITS PARTNERS TO REACH PEOPLE WHERE THEY LIVE, WORK AND LEARN - AND FOCUSES ON BUILDING CAPACITY AND NURTURING SUPPORTIVE NETWORKS THAT STAND READY AND WELL EQUIPPED TO GUIDE AMERICANS THROUGH LIFE'S FINANCIAL DECISIONS AND CHALLENGES. A SUBSTANTIAL PORTION OF THE FOUNDATION'S PROGRAM SERVICE EXPENSES PROVIDES FINANCIAL SUPPORT TO NOT-FOR-PROFIT ORGANIZATIONS AND ACADEMIC INSTITUTIONS. 4A) PROTECT CONSUMERS FROM FINANCIAL FRAUD THE FOUNDATION EDUCATES AMERICANS ABOUT FINANCIAL FRAUD, HOW TO AVOID AND REPORT IT, AND THE STEPS TO TAKE IF VICTIMIZED. THROUGH RESEARCH, EDUCATION AND OUTREACH, THE FOUNDATION INCREASES FRAUD PREVENTION AND AWARENESS, EMPOWERS CONSUMERS, AND TRAINS LAW ENFORCEMENT TO RECOGNIZE AND TAKE ACTION AGAINST FINANCIAL FRAUD. NOT-FOR-PROFIT ORGANIZATIONS AND ACADEMIC INSTITUTIONS THAT HAVE ENTERED INTO PARTNERSHIP AGREEMENTS WITH THE FOUNDATION AS PART OF ITS INVESTOR PROTECTION CAMPAIGN INCLUDE THE FOLLOWING: AARP FOUNDATION; ALLIANCE FOR RETIRED AMERICANS; COMMONWEALTH (FORMERLY KNOWN AS DOORWAYS TO DREAMS); COUNCIL OF BETTER BUSINESS BUREAUS AND THE BBB INSTITUTE; FIRST NATIONS DEVELOPMENT INSTITUTE; FLORIDA COUNCIL ON AGING; NATIONAL ADULT PROTECTIVE SERVICES ASSOCIATION; NATIONAL CENTER FOR VICTIMS OF CRIME; NATIONAL TELEMARKETING VICTIM CALL CENTER; NATIONAL WHITE COLLAR CRIME CENTER; AND STANFORD UNIVERSITY (THE STANFORD CENTER ON LONGEVITY). 4B) FOSTER SUSTAINABLE FINANCIAL EDUCATION THE FOUNDATION SUPPORTS AND MANAGES PERSONAL FINANCE PROGRAMS, PROFESSIONAL TRAINING, RESEARCH AND SERVICES TO ASSIST A WIDE VARIETY OF AUDIENCES. THESE EFFORTS COMPRISE WORKPLACE AND COMMUNITY-LEVEL INITIATIVES THAT IMPROVE FINANCIAL STABILITY, FINANCIAL PLANNING, AND INVESTING KNOWLEDGE AND DECISION-MAKING. THE FOUNDATION'S FINANCIAL WELLNESS AT WORK PROJECT - ADMINISTERED IN COLLABORATION WITH UNITED WAY WORLDWIDE (UWW) - HELPS NONPROFITS IN THE COMMUNITY PROVIDE WORKPLACE FINANCIAL WELLNESS SERVICES FOR LOWER-INCOME EMPLOYEES. TOGETHER, THE FOUNDATION AND UWW MAINTAIN A NATIONAL NETWORK OF NONPROFIT ORGANIZATIONS THAT HELP EMPLOYERS IN ALL SECTORS OF THE ECONOMY MAKE FINANCIAL WELLNESS A SEAMLESS PART OF THE WORKDAY. THROUGH PROFESSIONAL DEVELOPMENT INSTITUTES, MODEL PROGRAMS AND SERVICES, AND OPPORTUNITIES TO SHARE BEST PRACTICES, THIS GROWING NETWORK IS RETHINKING OUR APPROACH TO FINANCIAL EDUCATION IN WAYS THAT FIT WORKERS' DAILY LIVES AND MAKE SENSE FOR HOW, WHERE AND WHEN PEOPLE MAKE DECISIONS ABOUT MONEY. ADDITIONAL PARTNERS INCLUDE CATHOLIC CHARITIES USA AND THE FILENE RESEARCH INSTITUTE. IN ADDITION, THE FOUNDATION AND THE AMERICAN LIBRARY ASSOCIATION HAVE WORKED TOGETHER SINCE 2007 TO BUILD THE CAPACITY OF PUBLIC LIBRARIES TO HELP PATRONS YOUNG AND ADULT LEARN ABOUT MONEY AND ACHIEVE FINANCIAL GOALS. THIS SUPPORT HAS ENCOMPASSED THE DEVELOPMENT OF MODEL FINANCIAL EDUCATION PROGRAMS AT LIBRARIES, COLLECTION DEVELOPMENT GUIDANCE, THE PROVISION OF JUST-IN-TIME INFORMATION MATERIALS, AND GRANT FUNDING. THE FOUNDATION ALSO HOSTS A FULL PLATFORM OF ONLINE STAFF DEVELOPMENT COURSES CREATED BY AND FOR LIBRARY PROFESSIONALS. 4C) ADVANCE MILITARY FINANCIAL READINESS THE FOUNDATION'S MILITARY FINANCIAL READINESS PROJECT DELIVERS FREE, HIGH-QUALITY, UNBIASED INFORMATION AND TOOLS TO MILITARY SERVICE MEMBERS AND THEIR FAMILIES. THROUGH TRAINING, EDUCATION AND OUTREACH, THE FOUNDATION INCREASES PERSONAL FINANCIAL EXPERTISE AND SERVICES IN MILITARY COMMUNITIES, IMPROVES THE CREDIT MANAGEMENT OF SERVICE MEMBERS AND THEIR SPOUSES, AND PROVIDES OUTREACH SERVICES TO THE MILITARY COMMUNITY. NOT-FOR-PROFIT ORGANIZATIONS THAT HAVE ENTERED INTO PARTNERSHIP AGREEMENTS WITH THE FOUNDATION AS PART OF THIS PROJECT INCLUDE THE FOLLOWING: ASSOCIATION FOR FINANCIAL PLANNING AND COUNSELING EDUCATION; CONSUMER FEDERATION OF AMERICA; AND MILITARY FAMILY ADVISORY NETWORK. 4D) TRACK AND COMMUNICATE FINANCIAL CAPABILITY THE FOUNDATION CONDUCTS THE NATIONAL FINANCIAL CAPABILITY STUDY (NFCS), A LARGE-SCALE, MULTI-YEAR PROJECT THAT ADVANCES COMPREHENSIVE UNDERSTANDING OF THE FINANCIAL CAPABILITY OF ADULTS IN THE UNITED STATES. THE STUDY BENCHMARKS KEY INDICATORS OF FINANCIAL CAPABILITY AND EVALUATES HOW THESE INDICATORS VARY OVER TIME WITH UNDERLYING DEMOGRAPHIC, BEHAVIORAL, ATTITUDINAL AND FINANCIAL LITERACY CHARACTERISTICS. IN ADDITION TO PROVIDING RESEARCH GRANTS AS IDENTIFIED ON SCHEDULE I, THE FOUNDATION INTERPRETS NFCS DATA AND ENABLES RESEARCH TO HELP DECISION-MAKERS AND PRACTITIONERS ADVANCE FINANCIAL WELL-BEING IN COMMUNITIES NATIONWIDE. THE FOUNDATION ALSO PURSUES AN ACTIVE RESEARCH AGENDA FOCUSING ON FINANCIAL FRAUD IN AMERICA, AND IT COLLABORATES ON A VARIETY OF STUDIES TO HELP US UNDERSTAND WHAT WORKS WHEN IT COMES TO FINANCIAL EDUCATION AND PROTECTION. |
| FORM 990, PART VI, LINES 6, 7A AND 7B | LINE 6 - THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. (FINRA) IS THE SOLE MEMBER OF THE FOUNDATION. LINE 7A - FINRA, AS SOLE MEMBER, ELECTS ALL MEMBERS OF THE GOVERNING BODY. LINE 7B - THE BYLAWS OF THE CORPORATION MAY BE AMENDED BY THE SOLE MEMBER, FINRA. THE CERTIFICATE OF INCORPORATION OF THE CORPORATION MAY BE AMENDED OR REPEALED IN WHOLE OR IN PART ONLY WITH THE AFFIRMATIVE APPROVAL OF THE MEMBER, FINRA. |
| FORM 990, PART VI, LINE 11B | THE FORM 990 WAS REVIEWED BY SENIOR MANAGEMENT AT VARIOUS STEPS THROUGHOUT THE PREPARATION CYCLE. THE FOUNDATION BOARD REVIEWED THE FINAL VERSION ON OCTOBER 3, 2018. |
| FORM 990, PART VI | EMPLOYMENT RULES AND POLICIES THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. ALL SERVICES ARE PROVIDED BY EMPLOYEES OF FINRA. THE FOUNDATION DOES NOT PAY FOR THEIR SERVICES. AS SUCH, THOSE INDIVIDUALS ARE SUBJECT TO THE EMPLOYMENT RULES AND POLICIES OF FINRA. FORM 990, PART VI, LINE 12C THE FINRA INVESTOR EDUCATION FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT GOVERNS THE PROFESSIONAL AND ETHICAL CONDUCT OF BOARD MEMBERS, OFFICERS AND STAFF. AMONG OTHER THINGS, MEMBERS, OFFICERS, AND STAFF ARE PROHIBITED FROM DERIVING ANY PERSONAL PROFIT OR GAIN, DIRECTLY OR INDIRECTLY, BY REASON OF THEIR SERVICE TO THE FOUNDATION. MOREOVER, THE POLICY EXPRESSLY PROHIBITS SELF-DEALING. THE WRITTEN CONFLICT OF INTEREST POLICY REQUIRES BOARD MEMBERS AND OFFICERS TO MAKE INITIAL DISCLOSURE OF INTERESTS THAT COULD GIVE RISE TO CONFLICTS AS WELL AS ANNUAL DISCLOSURE BY THE SAME BOARD MEMBERS AND OFFICERS. ADDITIONALLY, THE WRITTEN POLICY CONTAINS AN ONGOING OBLIGATION OF BOARD MEMBERS, OFFICERS AND STAFF TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE. THE ORGANIZATION'S OFFICERS AND STAFF ARE EMPLOYEES OF FINRA, AND, AS SUCH, ARE ALSO REQUIRED TO CERTIFY ANNUALLY AS TO THEIR COMPLIANCE WITH FINRA'S WRITTEN CONFLICT OF INTEREST POLICY. FOR FURTHER INFORMATION REGARDING FINRA'S WRITTEN CONFLICT OF INTEREST POLICY, PLEASE REFER TO THE 2017 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX - FORM 990 FOR THE FOUNDATION'S PARENT ORGANIZATION, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. |
| FORM 990, PART VI, LINES 15A AND 15B | THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. ALL SERVICES ARE PROVIDED BY EMPLOYEES OF FINRA. THE FOUNDATION DOES NOT COMPENSATE THESE EMPLOYEES OF FINRA FOR THEIR SERVICE. THE PRESIDENT OF THE FOUNDATION SERVES AS THE LEAD OFFICER DIRECTING THE ACTIVITIES OF THE ORGANIZATION. IN DETERMINING SPECIFIC SALARY AND INCENTIVE COMPENSATION LEVELS FOR OFFICERS AND KEY EMPLOYEES OF FINRA, FINRA MANAGEMENT AND THE MANAGEMENT COMPENSATION COMMITTEE (THE "COMMITTEE") OF THE FINRA BOARD OF GOVERNORS CONSIDER: 1) OPERATIONAL RESULTS 2) STRATEGIC INITIATIVES 3) FINANCIAL HEALTH/RESULTS 4) INDIVIDUAL PERFORMANCE 5) COMPETITIVE COMPENSATION LEVELS AS PREPARED BY MERCER, INC., A THIRD-PARTY COMPENSATION CONSULTANT. THE COMMITTEE'S MINUTES OF THE NOVEMBER 21, 2016 AND DECEMBER 14, 2016 MEETINGS WERE REVIEWED AND APPROVED AS ACCURATE AND COMPLETE FOLLOWING THE COMMITTEE'S APPROVAL OF THE SENIOR EXECUTIVE COMPENSATION PACKAGES. THE FULL BOARD, EXCEPT LUIS VICEIRA WERE PRESENT AND APPROVED THE 2016 INCENTIVE COMPENSATION OF THE CEO AT ITS MEETING ON DECEMBER 14, 2016. FOR FURTHER INFORMATION REGARDING THE COMPENSATION OF OFFICERS, PLEASE REFER TO THE 2017 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX - FORM 990 FOR THE FOUNDATION'S PARENT ORGANIZATION, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. |
| FORM 990, PART VI, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART VII, SECTION B | AMERICAN LIBRARY ASSOCIATION - DEVELOPED AND CONDUCTED A COMPREHENSIVE FINANCIAL EDUCATION INITIATIVE SERVING U.S. LIBRARIES. ASSOCIATION FOR FINANCIAL COUNSELING AND PLANNING EDUCATION - DEVELOPED AND MANAGED TRAINING AND CERTIFICATION PROGRAM FOR THE FINRA FOUNDATION MILITARY SPOUSE FELLOWSHIP PROGRAM; CREATED AND DELIVERED CONTENT FOR MILITARY FINANCIAL COUNSELOR CONTINUING EDUCATION PROGRAM. UNITED WAY WORLDWIDE - ADMINISTERED AND MAINTAINED FINANCIAL CAPABILITY INITIATIVES SERVING COMMUNITY-BASED NON-PROFIT ORGANIZATIONS. AARP FOUNDATION - CONDUCTED PROACTIVE PEER COUNSELING TO VULNERABLE CONSUMERS AND VICTIMS OF FINANCIAL FRAUD. NATIONAL CENTER FOR VICTIMS OF CRIME - DESIGNED, DEVELOPED AND IMPLEMENTED PLAN TO HELP ASSIST VICTIMS OF FINANCIAL FRAUD AND COUNSEL THEM ON HOW TO AVOID BECOMING TARGETS IN THE FUTURE. |
| FORM 990, PART XI, LINE 9 | OTHER CHANGES IN NET ASSETS OR FUND BALANCES PRIMARILY RELATE TO CONTRIBUTED SERVICES $3,033,121, INVESTMENT EXPENSES $104,779, K-1 INVESTMENT GAINS $2,179,343 AND THE REVERSAL OF GRANT EXPENSES RELATING TO PRIOR PERIODS ($40,534). |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| FINANCIAL IND REGULATORY AUTHORITY INC | ||||||||||
| 1735 K STREET NW | WASHINGTON | DC | 20006 | 530088710 | REGULATORY | DE | 501(C)(6) | N/A | NA | false |
| FINRA REGULATION INC | ||||||||||
| 1735 K STREET NW | WASHINGTON | DC | 20006 | 521959501 | REGULATORY | DE | 501(C)(6) | N/A | FINRA | false |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HIGHVISTA II LP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 CLARENDON ST | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 260125223 | EIN |
| Primary Activities | INVESTMENT | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | EXCLUDED | PredominantIncomeTypeTxt |
| Share Of Total Income | $4,160,673 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $0 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | false | DisproportionateAllocationsInd |
| UBI Code V | -$36,293 | UBICodeVAmt |
| General Or Managing Partner | false | GeneralOrManagingPartnerInd |
| Ownership | 0.00000 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | Yes (true) | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Comments