2016-11-15T15:11:54-06:00 2015-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2015-01-01 522204208 FS-ISAC INC FS-I 3015799114 12020 SUNRISE VALLEY DR NO 230 RESTON VA 20191 WILLIAM NELSON PRESIDENT & CEO 3015799114 2016-11-15 1 3019519090 2015 2017-02-10 21:41:12Z WILLIAM NELSON 12020 SUNRISE VALLEY DR NO 230 RESTON VA 20191 17907325 0 X WWW.FSISAC.COM X 2003 DE SEE PART III, LINE 1. 15 15 69 15 0 0 0 0 11276381 16957605 88781 77967 725855 663142 12091017 17698714 0 340000 0 0 3966382 6893029 0 0 0 6763746 9946083 10730128 17179112 1360889 519602 10371528 13935452 7257477 10417223 3114051 3518229 X THE FS-ISAC'S MISSION IS TO HELP ASSURE THE RESILIENCE AND CONTINUITY OF THE GLOBAL FINANCIAL SERVICES INFRASTRUCTURE AND INDIVIDUAL FIRMS AGAINST ACTS THAT COULD SIGNIFICANTLY IMPACT THE SECTOR'S ABILITY TO PROVIDE SERVICES CRITICAL TO THE ORDERLY FUNCTIONING OF THE GLOBAL ECONOMY. THE FS-ISAC'S PRIMARY OBJECTIVE IS TO DISSEMINATE AND FOSTER THE SHARING OF RELEVANT AND ACTIONABLE INFORMATION AMONG PARTICIPANTS TO ENSURE THE CONTINUED PUBLIC CONFIDENCE IN GLOBAL FINANCIAL SERVICES. 1 0 MEMBERSHIP FEES: BASED ON LEVEL OF SERVICE, FS-ISAC MEMBERS TAKE ADVANTAGE OF A HOST OF IMPORTANT BENEFITS, INCLUDING EARLY NOTIFICATION OF SECURITY THREATS AND ATTACKS, ANONYMOUS INFORMATION SHARING ACROSS THE FINANCIAL SERVICES INDUSTRY, REGULARLY SCHEDULED MEMBER MEETINGS, AND BI-WEEKLY CONFERENCE CALLS. CONFERENCE: SEMI-ANNUAL CONFERENCE IS HELD WITH OUR MEMBERS, AFFILIATES AND SPONSORS TO NETWORK AND BRAINSTORM NEW IDEAS IN A WORKGROUP AND SEMINAR SETTING. SPECIAL ASSESSMENT PROGRAM: WILL BE USED BY THE FS-ISAC TO DEVELOP AND IMPLEMENT THE SECURITY AUTOMATION TOOL, "AVALANCHE," WHICH WILL AUTOMATE THE SHARING OF THREAT INTELLIGENCE. REGIONAL EVENTS PROGRAM: FS-ISAC WANTS TO INCREASE AWARENESS IN THE FINANCIAL SERVICES INDUSTRY ABOUT THE RISKS OF ONLINE ACCOUNT TAKE-OVER. THE EXPOSURE FROM ONLINE ACCOUNT TAKE-OVER CONTINUES TO BE A SIGNIFICANT RISK TO THE INDUSTRY. FS-ISAC HAS THE GOAL OF GROWING FINANCIAL INSTITUTION MEMBERSHIP IN THE ORGANIZATION. GROWTH IN MEMBERSHIP WILL INCREASE THE KNOWLEDGE OF RISKS AND RISK MITIGATION TECHNIQUES AS WELL AS SUSTAIN DUES REVENUE FOR THE FS-ISAC. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 16 0 1 69 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 X LAURA FLEMMINGS 3015799114 12020 SUNRISE VALLEY DR NO 230 RESTON VA 20191 ANISH BHIMANI CHAIRMAN 0.20 X X 0 0 0 MARK CLANCY VICE CHAIRMAN 0.20 X X 0 0 0 CRAIG FROELICH TREASURER 0.20 X X 0 0 0 DAN DEWAAL SECRETARY 0.20 X X 0 0 0 DOUG JOHNSON BOARD MEMBER 0.20 X 0 0 0 ERROL WEISS BOARD MEMBER 0.20 X 0 0 0 RICK VAN LUVENDER BOARD MEMBER 0.20 X 0 0 0 BYRON COLLIE BOARD MEMBER 0.20 X 0 0 0 SEAN FRANKLIN BOARD MEMBER 0.20 X 0 0 0 HINRICH VOLCKER BOARD MEMBER 0.20 X 0 0 0 GREG TEMM BOARD MEMBER 0.20 X 0 0 0 PIERRE LAMY BOARD MEMBER 0.20 X 0 0 0 GLENN FOSTER BOARD MEMBER 0.20 X 0 0 0 JASON WITTY BOARD MEMBER 0.20 X 0 0 0 JIM ROUTH BOARD MEMBER 0.20 X 0 0 0 WILLIAM NELSON PRESIDENT & CEO 40.00 X 587500 0 31453 LAURA FLEMMINGS CHIEF FINANCIAL OFFICER 40.00 X 186000 0 22271 ERIC GUERRINO EXECUTIVE VICE PRESIDENT 40.00 X 324000 0 31393 ROBIN FANTIN SENIOR VICE PRESIDENT 40.00 X 1263856 0 31453 JOHN CARLSON CHIEF OF STAFF 40.00 X 170304 0 13304 CHRISTOPHER RICHARD SOC SYSTEMS ENGINEER 40.00 X 171150 0 10532 CINDY DONALDSON CHIEF OPERATING OFFICER 40.00 X 189500 0 24651 2892310 0 165057 14 0 1 0 GATE 15 307 WATERFIELD TERRACE NE LEESBERG VA 20176 PROGRAM R-CISC SERVICES 315900 ANDREW HOERNER 13013 THOROUGHBRED LOOP GRASS VALLEY CA 95949 SALES AND MARKETING 252922 RICK LACAFTA 225 CODFISH FALLS RD STORRSMANSFIELD CT 06268 CONFERENCE COORDINATOR 220320 CHARLES BRETZ 2254 SHADY CREEK TRAIL VESTAVIA HILLS AL 35216 PPISC AND OTHER COMMITTEE PROG. 173604 JOHN SALOMON ENGESTRASSE 11 CH-3012 BERN SZ INTERNATIONAL MEMBERSHIP 163009 7 MEMBERSHIP 900099 9595370 9595370 CONFERENCE 900099 5756680 5756680 SECTOR SERVICES REVENUE 900099 996947 996947 SECURITY AUTOMATION PROJECT 900099 296108 296108 WORKSHOPS 900099 172500 172500 140000 140000 16957605 90728 90728 195850 208611 -12761 -12761 -12761 SOLTRA REVENUE 900099 663142 663142 663142 17698714 16957605 0 741109 X 340000 1182617 4743136 305558 258465 403253 91806 21144 4145700 1141146 238209 119484 145123 199469 2887725 61883 13559 SOLTRA EXPENSES 663142 CREDIT CARD PROC. FEES 135679 PAYROLL PROC. FEES 27944 STAFF TRAINING 24127 29943 17179112 494044 348477 3973920 5989025 2005515 2935635 429428 597427 552375 248678 170511 303697 2096572 2010784 1201538 1750407 10371528 13935452 2084482 2393425 5112596 7955822 60399 67976 7257477 10417223 X 3114051 3518229 3114051 3518229 10371528 13935452 519602 -115424 0 X 0 1 X 1 0 0 1 0 155308 67539 87769 397067 181139 215928 303697 INVESTMENT IN FS-ISAC SAG 1200000 F ALTERNATIVE INVESTMENTS 550407 F 1750407 DEFERRED RENT ABATEMENT 67976 67976 X 17583290 -115424 -115424 17698714 0 17698714 17179112 0 17179112 0 17179112 PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014, FS-ISAC, INC. HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 0 SOLTRA SOLUTIONS LLC 12020 SUNRISE VALLEY DR SUITE 230 RESTON VA 20191 352516314 N/A 340000 TO ACCELERATE THE DEVELOPMENT OF SOLTRA NETWORK CAPABILITY FOR FS-ISAC MEMBERS. 0 1 PART I, LINE 2: THE ORGANIZATION PROVIDED A GRANT TO SOLTRA SOLUTIONS TO ACCELERATE THE DEVELOPMENT OF SOLTRA NETWORK CAPABILITIES FOR FS-ISAC MEMBERS. THE GRANT IS NOT MONITORED BY FS-ISAC. X 0 0 0 WILLIAM NELSON PRESIDENT & CEO 312500 0 275000 0 0 0 23453 0 8000 0 618953 0 0 0 LAURA FLEMMINGS CHIEF FINANCIAL OFFICER 151000 0 35000 0 0 0 14271 0 8000 0 208271 0 0 0 ERIC GUERRINO EXECUTIVE VICE PRESIDENT 264000 0 60000 0 0 0 23393 0 8000 0 355393 0 0 0 ROBIN FANTIN SENIOR VICE PRESIDENT 162000 0 1101856 0 0 0 23453 0 8000 0 1295309 0 0 0 JOHN CARLSON CHIEF OF STAFF 155304 0 15000 0 0 0 13104 0 200 0 183608 0 0 0 CHRISTOPHER RICHARD SOC SYSTEMS ENGINEER 171150 0 0 0 0 0 2532 0 8000 0 181682 0 0 0 CINDY DONALDSON CHIEF OPERATING OFFICER 187500 0 2000 0 0 0 16651 0 8000 0 214151 0 0 0 FORM 990, PART III, LINE 2 IN 2015, FS-ISAC BEGAN A NEW PROGRAM, SECTOR SERVICES. THIS PROGRAM PROVIDES CYBER-SECURITY SERVICES TO A LIMITED NUMBER OF NON-FINANCIAL SECTOR INDUSTRIES. EACH INDUSTRY THAT RECEIVES THESE SERVICES HAS UNDERLYING BUSINESS ACTIVITIES THAT ARE INEXTRICABLY LINKED TO THE CYBERSECURITY OF THE FINANCIAL SECTOR INDUSTRY. THUS, THESE SERVICES ARE RELATED TO FS-ISAC'S MISSION OF PROTECTING THE FINANCIAL SECTOR INDUSTRY FROM CYBER-ATTACKS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND THEN REVIEWED BY THE VP OF FINANCE AND PRESIDENT. IT WAS THEN DISTRIBUTED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST IS PRESENT WHENEVER A DIRECTOR HAS A MATERIAL PERSONAL INTEREST IN A PROPOSED TRANSACTION OR BUSINESS OPPORTUNITY BEING CONSIDERED BY FS-ISAC. THIS INTEREST OCCURS EITHER DIRECTLY OR INDIRECTLY, AS, FOR EXAMPLE, WHERE THE DIRECTOR'S EMPLOYER OR A COMPANY UPON WHOSE BOARD THE DIRECTOR ALSO SERVES HAS A BUSINESS INTEREST ADVERSE TO THE INTEREST OF FS-ISAC. IN THESE CASES, THE DIRECTOR OR COMMITTEE MEMBER GIVES THE APPEARANCE OF HAVING DIVIDED LOYALTIES AND NOT ACTING IN THE BEST INTERESTS OF FS-ISAC. THE DUTY OF LOYALTY REQUIRES THAT A DIRECTOR BE CONSCIOUS OF THE POTENTIAL FOR CONFLICTS OF INTEREST AND ACT WITH CANDOR AND CARE IN DEALING WITH A CONFLICT PRIOR TO THE DISCUSSION OR PRESENTATION OF SUCH MATTER BEFORE THE BOARD OR COMMITTEE. EMPLOYEES AND BOARD MEMBERS ARE ASKED TO SIGN A COI STATEMENT AT THE TIME OF HIRE/APPOINTMENT AND ANNUALLY. IT IS THE POLICY OF THE FS-ISAC BOARD THAT ANY DIRECTOR HAVING AN ACTUAL OR APPARENT CONFLICT OF INTEREST IN A MATTER TO BE ACTED UPON BY THE BOARD OR A COMMITTEE DISCLOSES THE CONFLICT PRIOR TO THE DISCUSSION OR PRESENTATION OF SUCH MATTER. IF POSSIBLE, THE CONFLICT IS DISCLOSED TO THE CHAIR OF THE MEETING IN ADVANCE OF THE MEETING. THE DIRECTOR CONSIDERS WHETHER IT IS ADVISABLE UNDER THE CIRCUMSTANCES TO RECUSE HIMSELF/HERSELF FROM THE DISCUSSION AND/OR VOTE AND RECUSE HIMSELF/HERSELF IF REQUESTED TO BY THE CHAIR OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS AN APPROVED BUSINESS PLAN AND BUDGET. THE CEO'S PERFORMANCE IS EVALUATED BASED UPON SEVERAL FACTORS, INCLUDING REACHING THE BUSINESS PLAN OBJECTIVES. BASED UPON THIS EVALUATION, THE CEO'S ANNUAL COMPENSATION IS DETERMINED BY THE CHAIRMAN AND THE COMPENSATION COMMITTEE. THE LAST SALARY REVIEW DATE FOR THE PRESIDENT WAS JANUARY 2016. KEY EMPLOYEE COMPENSATON IS DONE BY THE PRESIDENT BASED UPON EACH INDIVIDUAL'S ABILITY TO MEET HIS/HER PERFORMANCE OBJECTIVES, WHICH INCLUDE BOTH PERSONAL AND ORGANIZATIONAL GOALS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G SERVICE PROVIDERS 1,115,745. ISIGHT 330,125. CONTRACT CONSULTANTS 2,356,377. WOPACK LABS 343,453. FINANCIAL SECTOR SECURITY AUTOMATION GROUP LLC (SAWG) 12020 SUNRISE VALLEY DR RESTON VA 20191 464042047 DEVELOP AN AUTOMATED SYSTEM DESIGNED FOR SHARING OF SECURITY INTELLIGENCE VA 0 0 FS-ISAC SOLTRA SOLUTIONS LLC 12020 SUNRISE VALLEY DR RESTON VA 20191 352516314 SOFTWARE MARKETING & DEVELOPMENT DE FS-ISAC SAG UNRELATED 0 1 0.50000 FS-ISAC SAG 12020 SUNRISE VALLEY DR RESTON VA 20191 471870224 INVESTMENTS DE FS-ISAC C -680120 913120 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 FS-ISAC SAG B 700000 ACTUAL AMOUNT SOLTRA SOLUTIONS B 340000 ACTUAL AMOUNT SOLTRA SOLUTIONS Q 663142 ACTUAL AMOUNT