FINRA INVESTOR EDUCATION FOUNDATION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- FINRA INVESTOR EDUCATION FOUNDATION (EIN 20-0863779)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-13
- IRS object ID
- 201743179349307719
- Schema version
- 2016v3.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-13T16:57:43-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | 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 | 2016-01-01 | 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 | 2017-11-13 | 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 |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 108.206.163.59 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 86597020173175000010 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2017-11-13 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | F0221F55EBF6EDBC8C96953E88092F7B5405D009 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 582F47EFACDD6166E52205D1FBFEA2601660FA18 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | 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 | $9,344,000 | 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 PROVIDE UNDERSERVED AMERICANS WITH THE KNOWLEDGE, SKILLS AND TOOLS NECESSARY FOR FINANCIAL SUCCESS THROUGHOUT LIFE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $14,193 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $13,193 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $50,760,645 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,737,659 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,560,247 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,072,257 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $55,320,892 | PYTotalRevenueAmt |
| CY Total Revenue | $4,809,916 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,100,430 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,901,708 | 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 | $5,632,704 | PYOtherExpensesAmt |
| CY Other Expenses | $3,884,283 | CYOtherExpensesAmt |
| PY Total Expenses | $8,733,134 | PYTotalExpensesAmt |
| CY Total Expenses | $5,785,991 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $46,587,758 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$976,075 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $74,291,756 | TotalAssetsBOYAmt |
| Total Assets EOY | $76,240,005 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $253,337 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $363,660 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $74,038,419 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $75,876,345 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION IS TO PROVIDE UNDERSERVED AMERICANS WITH THE KNOWLEDGE, SKILLS AND TOOLS NECESSARY FOR FINANCIAL SUCCESS THROUGHOUT LIFE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $2,919,226 | ExpenseAmt |
| Grant | $1,718,697 | GrantAmt |
| Desc | EXPAND GRASSROOTS CAPACITY FOR FINANCIAL EDUCATION - SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,199,863 | ExpenseAmt |
| Grant | $50,000 | GrantAmt |
| Desc | PROTECT CONSUMERS FROM FINANCIAL FRAUD - SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $660,405 | ExpenseAmt |
| Desc | ENSURE MILITARY FINANCIAL READINESS - SEE SCHEDULE O | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $562,535 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $133,011 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $5,342,029 | 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 | false | 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 | false | 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 | false | 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 | 9 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 (13 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 | $348,888 | $93,424 | ||
| RICHARD G KETCHUM | ||||||||
| CHAIRMAN (thru 8/14/16) | 1.0 | 59.0 | Yes (X) | $0 | $2,679,262 | $86,547 | ||
| 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 | ||
| ROBERT W SCULLY | ||||||||
| BOARD MEMBER (THRU 5/6/16) | 1.0 | 2.0 | Yes (X) | $0 | $40,363 | $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 | $87,975 | $0 | ||
| GERALDINE M WALSH | ||||||||
| PRESIDENT | 48.0 | 12.0 | $0 | $697,225 | $64,573 | Yes (X) | ||
| EILEEN M FAMIGLIETTI | ||||||||
| TREASURER | 6.0 | 54.0 | $0 | $417,246 | $102,708 | Yes (X) | ||
| JENNIFER P MITCHELL | ||||||||
| CORPORATE SECRETARY | 3.0 | 57.0 | $0 | $276,482 | $78,255 | Yes (X) | ||
| MARCIA E ASQUITH FMR | ||||||||
| CORPORATE SECRETARY | 0.0 | 60.0 | $0 | $738,994 | $83,536 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $5,286,435 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $509,043 | 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 | $530,000 |
| UNITED WAY WORLDWIDE | |||||
| PO BOX 630568 | BALTIMORE | MD | 21263 | SEE SCHEDULE O | $432,100 |
| APPLIED RESEARCH CONSULTING | |||||
| 30-30 47TH AVENUE | LONG ISLAND CITY | NY | 11101 | SEE SCHEDULE O | $453,901 |
| AARP FOUNDATION | |||||
| 601 EAST STREET NW | WASHINGTON | DC | 20049 | SEE SCHEDULE O | $230,308 |
| ASSOCIATION FOR FINANCIAL COUNSELIN | |||||
| 79 S STATE STREET | WESTERVILLE | OH | 43081 | SEE SCHEDULE O | $165,880 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $3,737,659 | RelatedOrganizationsAmt |
| Total Contributions | $3,737,659 | TotalContributionsAmt |
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,087,403 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $14,193 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,073,210 | 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 | $4,518,938 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,534,084 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$15,146 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$15,146 | TotalRevenueColumnAmt |
| Exclusion | -$15,146 | 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 | $4,809,916 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $14,193 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,058,064 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,901,708 | TotalAmt |
| Program Services | $1,901,708 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
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 | $2,962,405 | TotalAmt |
| Program Services | $2,915,405 | ProgramServicesAmt |
| Management And General | $47,000 | ManagementAndGeneralAmt |
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 | $44,650 | TotalAmt |
| Management And General | $44,650 | 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 | $115,214 | TotalAmt |
| Management And General | $115,214 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,681 | TotalAmt |
| Program Services | $10,751 | ProgramServicesAmt |
| Management And General | $930 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,784 | TotalAmt |
| Program Services | $7,342 | ProgramServicesAmt |
| Management And General | $442 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $137,877 | TotalAmt |
| Program Services | $77,729 | ProgramServicesAmt |
| Management And General | $60,148 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,669 | TotalAmt |
| Program Services | $101,191 | ProgramServicesAmt |
| Management And General | $25,478 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,229 | TotalAmt |
| Program Services | $38,490 | ProgramServicesAmt |
| Management And General | $90,739 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,473 | TotalAmt |
| Program Services | $82,000 | ProgramServicesAmt |
| Management And General | $10,473 | 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 | $186,236 | TotalAmt |
| Program Services | $145,272 | ProgramServicesAmt |
| Management And General | $40,964 | 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 |
|---|---|---|---|
| PUBLICATIONS/PRINTING | $53,397 | $53,050 | $347 |
| MISCELLANEOUS EXPENSE | $9,041 | $9,041 | |
| DUES/MEMBERSHIP FEE | $250 | $50 | $200 |
| BANK SERVICE FEES | $7,377 | $7,377 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,785,991 | TotalAmt |
| Program Services | $5,342,029 | ProgramServicesAmt |
| Management And General | $443,962 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $342,845 | BOYAmt |
| EOY | $2,772,309 | 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 | $199,650 | BOYAmt |
| EOY | $626,600 | 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 | $261,722 | BOYAmt |
| EOY | $50,612 | 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 | $49,509,293 | BOYAmt |
| EOY | $49,728,589 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,978,246 | BOYAmt |
| EOY | $23,061,895 | 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 | $74,291,756 | BOYAmt |
| EOY | $76,240,005 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $210,683 | BOYAmt |
| EOY | $346,581 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,681 | 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 | $9,973 | BOYAmt |
| EOY | $17,079 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $253,337 | BOYAmt |
| EOY | $363,660 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,038,419 | BOYAmt |
| EOY | $75,776,345 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $100,000 | 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 | $74,038,419 | BOYAmt |
| EOY | $75,876,345 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,291,756 | BOYAmt |
| EOY | $76,240,005 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$976,075 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,469,887 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $3,328,245 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $115,214 | InvestmentExpenseAmt |
| Other Changes In Net Assets | -$3,099,345 | 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
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
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) |
|---|---|---|
| Contributions | $100,000 | ContributionsAmt |
| End Year Balance | $100,000 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| 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 | $23,061,895 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $23,061,895 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO RELATED ORGANIZATION | Desc |
| Amt | $17,079 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $17,079 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $10,887,892 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $2,469,887 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $3,328,245 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $5,798,132 | RevenueNotReportedAmt |
| Revenue Subtotal | $5,089,760 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$279,844 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$279,844 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $4,809,916 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,049,966 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $3,328,245 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | -$64,270 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $3,263,975 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,785,991 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $5,785,991 | 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 AND, ACCORDINGLY, HAS MADE NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. FOR YEARS ENDED DECEMBER 31, 2013 THROUGH DECEMBER 31, 2016, 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 THE FOUNDATION AUDITED FINANCIAL REPORT WAS ISSUED PRIOR TO THE RECEIPT OF THE K-1 RELATED TO THEIR PARTNERSHIP INTEREST IN THE HIGHVISTA II LIMITED PARTNERSHIP. ADDITIONAL LOSSES GENERATED WERE REPORTED IN FORM 990, PART VIII, LINE 12 THAT WERE NOT REFLECTED IN THE AUDITED FINANCIAL STATEMENTS AT THE TIME OF ISSUANCE. 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 | 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. THE PRIZE FUND WILL BE USED TO RECOGNIZE OUTSTANDING SERVICE AND RESEARCH TO ADVANCE INVESTOR PROTECTION AND FINANCIAL CAPABILITY IN THE UNITED STATES. THE PRIZE CONSISTS OF NATIONAL RECOGNITION AND $10,000. THE AWARD WILL BE GIVEN EACH YEAR BY THE FINRA FOUNDATION'S BOARD OF DIRECTORS FOLLOWING A REVIEW OF NOMINEES. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (42 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| BERKSHIRE UNITED WAY | |||||||
| 200 SOUTH STREET | PITTSFIELD | MA | 01201 | 042104841 | 501(C)(3) | $20,000 | SEE PART IV |
| BOONSHOFT MUSEUM OF DISCOVERY | |||||||
| 2600 DEWEESE PARKWAY | DAYTON | OH | 45414 | 310585917 | 501(C)(3) | $50,000 | SEE PART IV |
| BRUNSWICK PUBLIC LIBRARY ASSOCIATION | |||||||
| 21 PLEASANT STREET | BRUNSWICK | ME | 04011 | 016000787 | 501(C)(3) | $26,779 | SEE PART IV |
| CHICAGO PUBLIC LIBRARY | |||||||
| 20 NORTH MICHIGAN AVENUE | CHICAGO | IL | 60602 | 363480353 | 501(C)(3) | $50,000 | SEE PART IV |
| CLAYTON COLLABORATIVE AUTHORITY | |||||||
| 696 MOUNT ZION ROAD | JONESBORO | GA | 30236 | 582516726 | 501(C)(3) | $50,000 | SEE PART IV |
| COLORADO LIBRARY CONSORTIUM | |||||||
| 7400 E ARAPAHONE RD | CENTENNIAL | CO | 80112 | 840691967 | 501(C)(3) | $74,965 | SEE PART IV |
| CONSUMER CREDIT COUNSELING SERVICES | |||||||
| 1608 WALNUT STREET | PHILADELPHIA | PA | 19103 | 231671903 | 501(C)(3) | $70,900 | SEE PART IV |
| ENGLISH SKILLS LEARNING CENTER | |||||||
| 444 SO 700 EAST | SALT LAKE CITY | UT | 84107 | 870467902 | 501(C)(3) | $49,500 | SEE PART IV |
| FINANCIAL HOPE COLLABORATIVE OF CREIGHTON | |||||||
| 519 FLORENCE BOULEVARD | OMAHA | NE | 68178 | 470376583 | 501(C)(3) | $20,000 | SEE PART IV |
| FOUNDATION OF FULTON MONTGOMERY COMMUNITY | |||||||
| 2805 STATE HIGHWAY 67 | JOHNSTOWN | NY | 12095 | 141584150 | 501(C)(3) | $45,694 | SEE PART IV |
| FRIENDS OF THE ASHE COUNTY PUBLIC LIBRARY | |||||||
| 148 LIBRARY DRIVE | WEST JEFFERSON | NC | 28694 | 561386281 | 501(C)(3) | $29,651 | SEE PART IV |
| FRIENDS OF LIBRARIES IN OKLAHOMA | |||||||
| PO BOX 702585 | TULSA | OK | 74170 | 731053431 | 501(C)(3) | $45,770 | SEE PART IV |
| FRIENDS OF THE SAN FRANCISCO PUBLIC LIBRARY | |||||||
| 710 VAN NESS AVE | SAN FRANCISCO | CA | 94102 | 946085452 | 501(C)(3) | $50,000 | SEE PART IV |
| GEORGIA STATE UNIVERSITY COLLEGE OF LAW | |||||||
| PO BOX 3999 | ATLANTA | GA | 30302 | 581845423 | 501(C)(3) | $25,000 | SEE PART IV |
| INNOVATIVE CHANGES | |||||||
| 2010 LLOYD CENTER | PORTLAND | OR | 97232 | 800516996 | 501(C)(3) | $42,185 | SEE PART IV |
| JOB OPPORTUNITIES TASK FORCE | |||||||
| 217 EAST REDWOOD ST | BALTIMORE | MD | 21202 | 522778450 | 501(C)(3) | $63,816 | SEE PART IV |
| KANSAS CITY PUBLIC LIBRARY | |||||||
| 14 WEST 10TH STREET | KANSAS CITY | KS | 64105 | 431497955 | 501(C)(3) | $50,000 | SEE PART IV |
| LAKE REGION COMMUNITY COLLEGE FND | |||||||
| 1801 COLLEGE DRIVE | DEVILS LAKE | ND | 58301 | 510242987 | 501(C)(3) | $38,625 | SEE PART IV |
| LEBANON COMMUNITY LIBRARY | |||||||
| 125 N 7TH STREET | LEBANON | PA | 17046 | 231413687 | 501(C)(3) | $46,250 | SEE PART IV |
| METRO UNITED WAY INC | |||||||
| 334 EAST BROADWAY | LOUISVILLE | KY | 40204 | 610444680 | 501(C)(3) | $60,927 | SEE PART IV |
| MICHIGAN STATE UNIVERSITY COLLEGE OF LAW | |||||||
| 628 N SHAW LANE | EAST LANSING | MI | 48824 | 381358000 | 501(C)(3) | $20,127 | SEE PART IV |
| MONTANA STATE UNIVERSITY EXTENSION | |||||||
| 309 MONTANA HALL | BOZEMAN | MT | 59717 | 816010045 | 501(C)(3) | $68,332 | SEE PART IV |
| NEIGHBORHOOD ECONOMIC DEVELOPMENT CORP | |||||||
| 212 MAIN STREET | SPRINGFIELD | OR | 97477 | 930739188 | 501(C)(3) | $75,000 | SEE PART IV |
| NEW YORK UNIVERSITY | |||||||
| 105 E 17TH STREET | NEW YORK | NY | 10003 | 135562308 | 501(C)(3) | $20,233 | SEE PART IV |
| NORTHWEST SIDE HOUSING CENTER | |||||||
| 5233 WEST DIVERSITY AVE | CHICAGO | IL | 60639 | 201413891 | 501(C)(3) | $62,500 | SEE PART IV |
| OPERATION HOPE | |||||||
| 707 WILSHIRE BLVD | LOS ANGELES | CA | 90017 | 954378084 | 501(C)(3) | $32,681 | SEE PART IV |
| PIKE COUNTY PUBLIC LIBRARY | |||||||
| PO BOX 1276 | PIKEVILLE | NY | 41502 | 800415553 | 501(C)(3) | $40,338 | SEE PART IV |
| PIONEER LIBRARY SYSTEM | |||||||
| 300 NORMAN CENTER COURT | NORMAN | OK | 73072 | 010946757 | 501(C)(3) | $19,789 | SEE PART IV |
| STANFORD UNIVERSITY | |||||||
| 578 SERRA MALL | STANFORD | CA | 94305 | 941156365 | 501(C)(3) | $50,000 | SEE PART IV |
| THE GREATER PATCHOGUE FOUNDATION | |||||||
| 15 NORTH OCEAN AVENUE | PATCHOGUE | NY | 11772 | 611417255 | 501(C)(3) | $29,876 | SEE PART IV |
| THE MOUNTAIN BROOK LIBRARY FOUNDATION | |||||||
| 50 OAK STREET | MOUNTAIN BROOK | AL | 35213 | 582094979 | 501(C)(3) | $38,500 | SEE PART IV |
| UNITED WAY OF CENTRAL INDIANA | |||||||
| 3901 NORTH MERIDIAN | INDIANAPOLIS | IN | 46208 | 351007590 | 501(C)(3) | $59,018 | SEE PART IV |
| UNITED WAY OF GREATER AUSTIN | |||||||
| 2000 E MLK JR DRIVE | AUSTIN | TX | 78702 | 741193439 | 501(C)(3) | $75,000 | SEE PART IV |
| UNITED WAY OF GREATER CLEVELAND | |||||||
| 209 CENTER STREET | CHARDON | OH | 44024 | 346516654 | 501(C)(3) | $20,000 | SEE PART IV |
| UNITED WAY OF GREATER MILWAUKEE & WAUKESHA CTY | |||||||
| 225 WEST VINE STREET | MILWAUKEE | WI | 53005 | 390806190 | 501(C)(3) | $75,000 | SEE PART IV |
| UNITED WAY OF HENRY COUNTY AND MARTINSVILLE | |||||||
| 149 EAST MAIN ST | MARTINSVILLE | VA | 24112 | 540753318 | 501(C)(3) | $20,000 | SEE PART IV |
| UNITED WAY OF STORY COUNTY | |||||||
| 315 CLARK AVENUE | AMES | IA | 50010 | 420947489 | 501(C)(3) | $57,481 | SEE PART IV |
| UNITED WAY OF THE INLAND VALLEYS | |||||||
| 6215 RIVER CREST DRIVE | RIVERSIDE | CA | 92507 | 951742174 | 501(C)(3) | $62,336 | SEE PART IV |
| UNITED WAY OF WINDHAM COUNTY | |||||||
| 1 HOLSTEIN PLACE | BRATTLEBORO | VT | 05302 | 036003074 | 501(C)(3) | $20,000 | SEE PART IV |
| UNIVERSITY OF MARYLAND BALTIMORE | |||||||
| 620 WEST LEXINGTON | BALTIMORE | MD | 21201 | 526002033 | 501(C)(3) | $35,278 | SEE PART IV |
| URBAN INSTITUTE | |||||||
| 2100 M STREET NW | WASHINGTON | DC | 20037 | 520880375 | 501(C)(3) | $77,500 | SEE PART IV |
| VIRGINIA BEACH PUBLIC LIBRARY | |||||||
| 2416 COURTHOUSE | VIRGINIA BEACH | VA | 23456 | 273077402 | 501(C)(3) | $33,050 | SEE PART IV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 42 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, SCHEDULE I, PART 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. GRANTS ARE DISBURSED IN INSTALLMENTS TIED TO THE SUBMISSION OF NARRATIVE AND FINANCIAL PROGRESS REPORTS AND THE COMPLETION OF DELIVERABLES, WHICH ARE REVIEWED BY THE FOUNDATION TO ENSURE QUALITY AND COMPLIANCE WITH THE GRANT AGREEMENT. AT ITS DISCRETION, THE FOUNDATION MAY CONDUCT SITE VISITS TO OBSERVE PROJECTS AND EXAMINE OUTCOMES. THE FOUNDATION MAY ALSO UNDERTAKE OR COMMISSION EVALUATION ANALYSIS ACROSS GRANT SITES. 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 GRANT FUNDS. |
| FORM 990, SCHEDULE I, PART II, COLUMN (H) | GRANTS AND OTHER ASSISTANCE - PURPOSE OF GRANT OR ASSISTANCE berkshire united way, pittsfield, ma (04-2104841) financial wellness at work berkshire united way will pilot a program with local employers to provide onsite services for workers, including financial education workshops and free tax preparation. a shared staff person will have dedicated hours at participating worksites to provide one-on-one financial education and counseling, referrals, and problem-solving help. washington-centerville public library, centerville, oh (31-0585917) smart investing@your library through partnerships with the local school district and a nearby childrens museum, the washington-centerville public library will provide hands-on family financial literacy activities for county residents, while building the capacity of parents and educators to boost the financial literacy of children and teens. learning outcomes will align with the financial literacy strand of the ohio revised standards in social studies. library staff will work with school faculty and exhibit specialists from the boonshoft museum of discovery to create a traveling financial literacy exhibit. the exhibit will help children and teens learn how to lead financially responsible lives. Circulating money-themed kits will extend learning into the home and serve as a springboard for parent-child conversations about financial responsibility. A series of workshops and contests for children and teens will complement the exhibit and challenge participants to practice their new skills. Following a period of use at the Washington-Centerville public library and the museum, the exhibit will travel to schools and other libraries throughout the region. Curtis memorial library, Brunswick, me (01-6000787) smart investing@your library Curtis memorial library will undertake a community-wide financial literacy campaign to assist low- to moderate-income individuals and FAMILIES WHO ARE "JUST GETTING BYWHO WANT TO LEARN SIMPLE strategies to improve their financial health. the library will help residents in need through a diverse series of financial literacy experiences using multiple venues and formats, including: a family financial fair and how-to festival to showcase financial education opportunities available to residents and introduce the resources available at the library; short, easy-to-understand weekly workshops on practical ways to save money, supplement income and protect wealth; "Curtis money meet-ups" to supplement the workshops with facilitated book group discussions about spending mindfully, understanding financial psychology, managing and eliminating debt and building assets; and interactive financial literacy exhibits at the library to promote intergenerational learning and explore the mathematics of money. Chicago public library, Chicago, IL (36-3480353) smart investing@your library The Chicago public library will collaborate with the citys office of financial inclusion to improve access to financial education and online financial skill-building for local communities in need, especially unbanked residents and new immigrant populations. As a component of this effort, the library will train and deputize its corps of "cybernavigators" to provide on-demand assistance to library patrons seeking access to reliable financial information. the cybernavigators are an existing group of technology experts present in most of the librarys 80 locations. they work directly with patrons to improve basic digital skills and expand access to digital information. clayton county library system, jonesboro, ga (58-2516726) smart investing@your library clayton county library system will provide financial education experiences tailored to the needs of four audiences-entrepreneurs, financially disenfranchised families, senior citizens and youth. the project will enhance their prospects for self-sufficiency through financial literacy training, provide the fundamentals for economic decision-making and connect them to community resources. for entrepreneurs, the library will join forces with clayton state universitys small business development center and the countys economic development department to deliver an investing 101 series. for financially disenfranchised families, the library will partner with social service agencies and faith-based organizations to provide money management guidance. for senior citizens, the library and department of senior services will provide sessions at senior centers on estate planning, savvy investing and managing retirement income. for youth, the library will work with 4-h, scout groups and the parks and recreation department to integrate financial literacy lessons into the countys summer reading program. colorado library consortium, centennial, co (84-0691967) smart investing@your library the colorado library consortium, the estes valley library and the colorado state library will convene a network of small and medium-size libraries to help residents set financial goals, establish a plan for reaching these goals, understand investment concepts and common investment types, save for retirement and manage money in retirement. this will be accomplished through training for library staff and direct delivery of financial capability programs and services to the public. clarifi (consumer credit counseling service of delaware valley), philadelphia, pa (23-1671903) financial education in your community clarifi will partner with home care associates (a worker-owned home healthcare agency) to integrate financial education, coaching and related services into existing employee training and staff support services for lower-wage employees. salt lake county library services, west jordan, ut (87-0467902) smart investing@your library salt lake county library and the english skills learning center will coordinate basic financial education for recent refugees and immigrant families who have low income and limited literacy skills (even in their own languages). the program will integrate financial instruction into well established services for the target audience, and will increase participants skills related to the u.s. banking system, budgeting, credit products and financial planning. the local refugee and immigrant population arrives in salt lake county primarily from burma, iraq, bhutan, somalia, eritrea, afghanistan and the congo. the project partners will help these communities: (1) master the vocabulary and understanding to conduct banking transactions, create a budget, recognize predatory lending practices and avoid fraud; and (2) comprehend asset-building strategies and plan for the future. financial hope collaborative at creighton university, omaha, ne (47-0376583) financial wellness at work the financial hope collaborative will adapt a successful community-based financial wellness program for delivery in the nonprofit workplace. the program will offer six weeks of financial education followed by six months of one-of-one financial coaching. additional supports will include free credit reports, access to level payment plans with local utility companies and access to an employer-sponsored income advance loan. fulton-montgomery community college library, johnstown, ny (14-1584150) smart investing@your library evans library at fulton-montgomery community college will serve students enrolled at the college and at high schools in the mohawk valley region of upstate new york with programming about college financing and general financial literacy. learning will take the form of workshops, tutorials and web-based instruction. faculty in the colleges business division and staff from the financial aid office will provide overall instructional leadership for the project. among other topics, programs will address: budgeting; credit card education; the importance of banking relationships; the financial aid process and fafsa filing; managing student loan debt; choice of college major and lifetime earning potential; wise use of the financial aid refund; fitting college costs into the family budget; and benefits available through the gi bill. appalachian regional library system, west jefferson, nc (56-1386281) smart investing@your library in partnership with community agencies and educational institutions, appalachian regional library system will provide financial capability programming for women across three generations. for young adults in high school and college, programming will focus on financing educational costs, basic budgeting, saving for major purchases and an introduction to investing. for women in midlife and nearing or in retirement, programs will help participants prepare for their childrens education expenses, manage household budgets, recover from financial setbacks and stick to a retirement saving and investing plan while caring for aging parents. additional sessions for seniors will help participants manage retirement income, avoid financial fraud and understand estate planning. friends of l |
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 | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|
| ROBERT W COOK | |||||||
| CHAIRMAN | $328,109 | $20,779 | $92,865 | $559 | $442,312 | ||
| RICHARD G KETCHUM | |||||||
| CHAIRMAN (thru 8/14/16) | $770,809 | $408,453 | $68,094 | $18,453 | $2,765,809 | $1,500,000 | |
| GERALDINE M WALSH | |||||||
| PRESIDENT | $290,643 | $174,582 | $46,798 | $17,775 | $761,798 | $232,000 | $93,516 |
| EILEEN M FAMIGLIETTI | |||||||
| TREASURER | $270,519 | $2,052 | $60,196 | $42,512 | $519,954 | $144,675 | |
| JENNIFER P MITCHELL | |||||||
| CORPORATE SECRETARY | $170,237 | $1,245 | $33,802 | $44,453 | $354,737 | $105,000 | |
| MARCIA E ASQUITH FMR | |||||||
| CORPORATE SECRETARY | $262,392 | $176,602 | $46,097 | $37,439 | $822,530 | $300,000 | $91,671 |
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 2016 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 DESCRIBED ABOVE. 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 2016 INCLUDE: MARCIA E. ASQUITH - $152,376 RICHARD G. KETCHUM - $300,020 GERALDINE M. WALSH - $154,084 | ExplanationTxt |
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, 2016, 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 | 4A) EXPAND GRASSROOTS CAPACITY FOR 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 GRANTS AND PROGRAMS ARE ADMINISTERED IN PARTNERSHIP WITH MISSION-DRIVEN ORGANIZATIONS SUCH AS UNITED WAY WORLDWIDE, THE AMERICAN LIBRARY ASSOCIATION AND OTHERS COMMITTED TO THE FINANCIAL EMPOWERMENT OF AMERICANS. 4B) 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 AWARENESS, EMPOWERS CONSUMERS, AND TRAINS LAW ENFORCEMENT TO RECOGNIZE AND TAKE ACTION AGAINST FINANCIAL FRAUD. 4C) ENSURE MILITARY FINANCIAL READINESS THE FOUNDATION DELIVERS HIGH-QUALITY INFORMATION AND TOOLS TO MILITARY SERVICE MEMBERS AND THEIR FAMILIES. THROUGH EDUCATION AND OUTREACH, THE FOUNDATION INCREASES PERSONAL FINANCE EXPERTISE AND SERVICES IN MILITARY COMMUNITIES, IMPROVES THE CREDIT MANAGEMENT OF SERVICE MEMBERS AND THEIR SPOUSES, AND PROVIDES OUTREACH SERVICES TO THE MILITARY COMMUNITY. 4D) BENCHMARK, TRACK AND BETTER UNDERSTAND AMERICANS' FINANCIAL CAPABILITY THE FOUNDATION IS THE LEAD AGENCY FOR THE NATIONAL FINANCIAL CAPABILITY STUDY, 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 AND WITH UNDERLYING DEMOGRAPHIC, BEHAVIORAL, ATTITUDINAL AND FINANCIAL LITERACY CHARACTERISTICS. THE FOUNDATION ALSO PROVIDES RESEARCH GRANTS THAT ENABLE EXPERIMENTS AND DATA ANALYSIS THAT FURTHER UNDERSTANDING OF THE RELATIONSHIPS AMONG FINANCIAL LITERACY, FINANCIAL CAPABILITY AND FINANCIAL WELL-BEING. |
| 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 SEPTEMBER 13, 2017. |
| 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 2016 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) OPERATONAL 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 12, 2015 AND DECEMBER 14, 2015 MEETINGS WERE REVIEWED AND APPROVED AS ACCURATE AND COMPLETE FOLLOWING THE COMMITTEE'S APPROVAL OF THE SENIOR EXECUTIVE COMPENSATION PACKAGES. THE FULL BOARD FURTHER APPROVED THE 2015 INCENTIVE COMPENSATION OF THE CEO AT ITS MEETING ON DECEMBER 14, 2015. ALL COMPENSATION COMMITTEE MEMBERS VOTED FOR THE PROPOSED LEVEL OF EXECUTIVE COMPENSATION. FOR FURTHER INFORMATION REGARDING THE COMPENSATION OF OFFICERS, PLEASE REFER TO THE 2016 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. UNITED WAY WORLDWIDE - ADMINISTERED AND MAINTAINED FINANCIAL CAPABILITY INITIATIVES SERVING COMMUNITY-BASED NON-PROFIT ORGANIZATIONS. APPLIED RESEARCH & CONSULTING - PROVIDED RESEARCH SERVICES FOR THE NATIONAL FINANCIAL CAPABILITY STUDY AS WELL AS CONSULTING SERVICES REGARDING STRATEGIC PLANNING. AARP FOUNDATION - CONDUCTED PROACTIVE PEER COUNSELING TO VULNERABLE CONSUMERS AND VICTIMS OF FINANCIAL FRAUD. ASSOCIATION FOR FINANCIAL COUNSELING AND PLANNING EDUCATION - DEVELOPED CONTENT FOR MILITARY SPOUSE FINANCIAL COUNSELOR TRAINING. |
| FORM 990, PART XI, LINE 9 | OTHER CHANGES IN NET ASSETS OR FUND BALANCES PRIMARILY RELATE TO CONTRIBUTED SERVICES $3,328,245, INVESTMENT EXPENSES $115,214 AND THE REVERSAL OF GRANT EXPENSES RELATING TO PRIOR PERIODS ($64,270), AND REALIZED GAIN/LOSS ON ASSETS ($279,844). |
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 STREET | 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 | $1,483,466 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $23,237,760 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | false | DisproportionateAllocationsInd |
| UBI Code V | $14,193 | UBICodeVAmt |
| General Or Managing Partner | false | GeneralOrManagingPartnerInd |
| Ownership | 0.20593 | 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 |
| Asset Sale To Other Org | false | 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 |
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