FUTURES INDUSTRY ASSOCIATION: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- FUTURES INDUSTRY ASSOCIATION (EIN 13-5642275)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-15
- IRS object ID
- 201643209349312474
- Schema version
- 2015v2.1
- 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 | 2016-11-15T14:59:50-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grant Thornton LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WILSON BLVD SUITE 1400 | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 135642275 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Futures Industry Association Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % R GUY SHEETZ | InCareOfNm |
| Business Name Control | FUTU | BusinessNameControlTxt |
| Phone | 2024665460 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Pennsylvania Ave NW Suite 600 | AddressLine1Txt |
| City | Washington | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 200061807 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | R GUY SHEETZ | PersonNm |
| Person Title | CFO, CAO | PersonTitleTxt |
| Phone | 2024665460 | PhoneNum |
| Signature | 2016-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Mary Torretta | PreparerPersonNm |
| PTIN | P00847851 | PTIN |
| Phone | 7038477500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Walter Lukken | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Pennsylvania Ave NW 600 | AddressLine1Txt |
| City | Washington | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $25,305,480 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.futuresindustry.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1955 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | THE FUTURES INDUSTRY ASSOCIATION'S MISSION IS TO BE THE GLOBAL THOUGHT LEADER, ADVOCATE AND EDUCATOR FOR FUTURES AND SWAPS WHICH ARE CENTRALLY CLEARED. | ActivityOrMissionDesc |
| Voting Members Governing Body | 26 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 49 | TotalEmployeeCnt |
| Total Volunteers | 23 | TotalVolunteersCnt |
| Total Gross UBI | $141,848 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$130,741 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $18,269,093 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $25,180,308 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,587 | PYInvestmentIncomeAmt |
| CY Investment Income | $81 | CYInvestmentIncomeAmt |
| PY Other Revenue | $39,910 | PYOtherRevenueAmt |
| CY Other Revenue | $125,091 | CYOtherRevenueAmt |
| PY Total Revenue | $18,311,590 | PYTotalRevenueAmt |
| CY Total Revenue | $25,305,480 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $45,830 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $68,135 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,715,395 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,645,657 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,277,635 | PYOtherExpensesAmt |
| CY Other Expenses | $17,798,743 | CYOtherExpensesAmt |
| PY Total Expenses | $18,038,860 | PYTotalExpensesAmt |
| CY Total Expenses | $25,512,535 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $272,730 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$207,055 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $14,473,041 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,741,961 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,757,917 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,318,459 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,715,124 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $8,423,502 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | See Schedule O. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | The association is a US based international association which acts as a principal spokesman for the futures, options and financial risk management industry. FIA's membership represents all facets of the industry. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FIA works actively to preserve the system of free and competitive markets by representing the interests of the industry in connection with business, regulatory exchange, international and legislative issues. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CCP Risk Review is a plain language summary and analysis of the rules and procedures of CCPs worldwide. It serves as a comprehensive guide to the complex and frequently updated rules governing CCPs and their associated services. CCP Risk Review assists market participants and regulators in scrutinizing and understanding the risks relating to CCPs for both clearing members and clients. The interactive nature of the product allows a client to compare CCP rules across the various CCPs. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (true) | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | 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 | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| 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 | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 42 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 49 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | UK | ForeignCountryCd |
| 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 | 26 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | 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 | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | false | 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 | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | R GUY SHEETZ | PersonNm |
| Phone | 2024665460 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 PENNSYLVANIA AVE NW SUITE 60 | AddressLine1Txt |
| City | Washington | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (39 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Walter Lukken | |||||||||
| President & CEO | 50.0 | 15.0 | Yes (X) | Yes (X) | $1,147,039 | $0 | $50,248 | ||
| Michael R Schaefer | |||||||||
| Public Director | 1.0 | 0.0 | Yes (X) | $20,000 | $0 | $0 | |||
| Alice P White | |||||||||
| Public Director | 1.0 | 0.0 | Yes (X) | $20,000 | $0 | $0 | |||
| Gerald Corcoran | |||||||||
| Chairman | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Emily Portney | |||||||||
| Secretary | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| M Clark Hutchison | |||||||||
| Treasurer | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Craig Abruzzo | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Antoine Babule | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Jan Bart de Boer | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Patrice Blanc | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Clive Christison | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Robert Creamer | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Michael Dawley | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Maureen Downs | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Thomas Erickson | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Richard Gorelick | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Arthur W Hahn | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Chris Hehmeyer | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Jeffrey D Jennings | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Thomas Kadlec | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Raymond Kahn | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Jerome D Kemp | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Najib Lamhaouar | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Edward Pla | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Kenneth m Raisler | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| George Simonetti | |||||||||
| Member - BOD | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| George Crapple | |||||||||
| Member - BOD (End March 2015) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Jeffrey Howard | |||||||||
| Member - BOD (End March 2015) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Peter Johnson | |||||||||
| Member - BOD (End March 2015) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Edward J Rosen | |||||||||
| Member - BOD (End March 2015) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Mary Ann Burns | |||||||||
| EVP & COO | 35.0 | 30.0 | Yes (X) | $771,722 | $0 | $45,567 | |||
| R Guy Sheetz | |||||||||
| SVP, CFO & CAO | 45.0 | 20.0 | Yes (X) | $379,613 | $0 | $45,450 | |||
| Allison Lurton | |||||||||
| General Counsel | 45.0 | 0.0 | Yes (X) | $456,240 | $0 | $50,126 | |||
| William Acworth | |||||||||
| SVP, Communications | 45.0 | 0.0 | $219,500 | $0 | $45,800 | Yes (X) | |||
| Dawn Stump | |||||||||
| SVP, Government Affairs | 45.0 | 0.0 | $318,852 | $0 | $27,126 | Yes (X) | |||
| Antoinette Chan | |||||||||
| VP, Business Development | 37.5 | 0.0 | $262,548 | $0 | $49,930 | Yes (X) | |||
| Jacqueline Mesa | |||||||||
| SVP & Director Intl Relations | 37.5 | 0.0 | $470,447 | $0 | $33,332 | Yes (X) | |||
| Charles Jones | |||||||||
| VP, Global Brand Management | 37.5 | 0.0 | $193,921 | $0 | $26,945 | Yes (X) | |||
| Barbara Wierzynski | |||||||||
| Former Officer (End 12/31/14) | 40.0 | 0.0 | $360,000 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,619,882 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $374,524 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | 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 |
|---|---|---|---|---|---|
| Millbank | |||||
| One Chase Manhattan Plaza | NEW YORK | NY | 10005 | Legal | $1,770,941 |
| Boca Raton Resort and Club | |||||
| 501 East Camino Real | BOCA RATON | FL | 33432 | Venue | $607,555 |
| Cadwalader Wickersham Taft | |||||
| PO Box 5929 | NEW YORK | NY | 10087 | Legal | $445,478 |
| Bryan Cave LLP | |||||
| PO Box 503089 | ST LOUIS | MO | 63150 | Legal | $324,029 |
| Delta Strategy Group | |||||
| 600 Pennsylvania Ave SE | WASHINGTON | DC | 20003 | Consulting | $323,540 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| CONFERENCE REGISTRATION, SPONSORSHIPS | 900099 | $5,462,941 | $5,462,941 | |
| MEMBER DUES | 900099 | $11,923,522 | $11,923,522 | |
| MAGAZINE ADVERTISING REVENUE | 900099 | $103,098 | $103,098 | |
| CCP RISK REVIEW STUDIES | 900099 | $7,686,547 | $7,686,547 | |
| VOLUME REPORT REVENUE | 900099 | $4,200 | $4,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $25,180,308 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $81 | TotalRevenueColumnAmt |
| Exclusion | $81 | 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 | $13,163 | TotalRevenueColumnAmt |
| Exclusion | $13,163 | ExclusionAmt |
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 |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| CONFERENCE MANAGEMENT FEE | 900099 | $62,500 | $62,500 | ||
| SERVICE FEE MARKUP | 900099 | $38,750 | $38,750 | ||
| MISCELLANEOUS | 900099 | $10,678 | $10,678 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $111,928 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,305,480 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $25,139,710 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $141,848 | UnrelatedBusinessRevenueAmt |
| Exclusion | $23,922 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,135 | TotalAmt |
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 | $1,607,575 | 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 | $4,779,151 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $372,675 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $492,590 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $393,666 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,816,077 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,268 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $714,719 | 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 | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,827,166 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,737 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $613,527 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,202 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $709,461 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $604,431 | TotalAmt |
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 | $3,267,375 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $250,352 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240,139 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,710 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| BANK CHARGES | $173,193 |
| SPEAKER FEES | $153,758 |
| RECRUITMENT FEES | $58,366 |
| TAXES AND LICENSES | $26,470 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,792 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,512,535 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,029,850 | BOYAmt |
| EOY | $10,966,759 | 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 | $949,033 | BOYAmt |
| EOY | $1,385,036 | 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 | $1,871,850 | BOYAmt |
| EOY | $344,116 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,384,043 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $719,083 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $669,965 | BOYAmt |
| EOY | $664,960 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | 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 | $952,343 | BOYAmt |
| EOY | $1,381,090 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,473,041 | BOYAmt |
| EOY | $14,741,961 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,737,819 | BOYAmt |
| EOY | $3,787,857 | 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 | $2,357,939 | BOYAmt |
| EOY | $1,914,063 | 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 | $662,159 | BOYAmt |
| EOY | $616,539 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,757,917 | BOYAmt |
| EOY | $6,318,459 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,715,124 | BOYAmt |
| EOY | $8,423,502 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | 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 | $8,715,124 | BOYAmt |
| EOY | $8,423,502 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,473,041 | BOYAmt |
| EOY | $14,741,961 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$207,055 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$84,567 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbyingGrp | |
| Total Direct Lobbying | TotalDirectLobbyingGrp | |
| Total Lobbying Expend | TotalLobbyingExpendGrp | |
| Other Exempt Purpose Expend | OtherExemptPurposeExpendGrp | |
| Total Exempt Purpose Expend | TotalExemptPurposeExpendGrp | |
| Lobbying Nontaxable Amount | LobbyingNontaxableAmountGrp | |
| Grassroots Nontaxable | GrassrootsNontaxableGrp | |
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp | |
| Substantially All Dues Nonded | false | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | false | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | Yes (true) | AgreeCarryoverPriorYearInd |
| Dues Assessments | $11,923,522 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $714,719 | NonDeductibleLbbyngPltclCYAmt |
| Non Deductible Lbbyng Pltcl Tot | $714,719 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $715,411 | AggregateReportedDuesNtcAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Land | LandGrp | |
| Buildings | BuildingsGrp |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $218,262 | OtherCostOrOtherBasisAmt |
| Depreciation | $90,643 | DepreciationAmt |
| Book Value | $127,619 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $414,827 | OtherCostOrOtherBasisAmt |
| Depreciation | $232,816 | DepreciationAmt |
| Book Value | $182,011 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $750,954 | OtherCostOrOtherBasisAmt |
| Depreciation | $395,624 | DepreciationAmt |
| Book Value | $355,330 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $664,960 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM RELATED ENTITIES | $691,770 |
| INVESTMENT IN SUBSIDIARY | $689,320 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,381,090 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED RENT | Desc |
| Amt | $616,539 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $616,539 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | LIABILITY FOR UNCERTAIN TAX POSITION (ASC 740) | FormAndLineReferenceDesc |
| Explanation | PART X, LINE 2 The Association is recognized by the IRS as exempt from income tax under Section 501(c)(6) of the Code. Pursuant to the Code and applicable state regulations, the Association is exempt from income tax except for income taxes on unrelated business activities. For financial statement purposes, the Association is required to record a liability for any material tax position taken which does not meet the minimum threshold of "more likely than not" to be successful under regulatory challenge. Revenue from advertising and service transaction agreements is taxable as unrelated business income. For 2015 and 2014, the Association has recorded a provision for income taxes of $4,329 and $5,812, respectively, for unrelated business income. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|
| Europe (Including Iceland and Greenland) | Program Services | Industry trade show | $637,019 |
| East Asia and the Pacific | Program Services | Industry trade show | $812,800 |
| Europe (Including Iceland and Greenland) | Program Services | Euro member support | $607,905 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $2,057,724 | SubtotalSpentAmt |
| Total Spent | $2,057,724 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Accounting Method Used | FormAndLineReferenceDesc |
| Explanation | SCHEDULE F, PART I, LINE 3, COLUMN F THE EXPENDITURES, PER REGION, ARE PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Scholarship America Inc | |||||||
| One Scholarship Way | Saint Peter | MN | 56082 | 042296967 | 501(c)(3) | $25,000 | General support |
| Greater Chicago Food Depository | |||||||
| 4100 W Ann Lurie Place | Chicago | IL | 60632 | 362971864 | 501(c)(3) | $31,140 | General support |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. | FormAndLineReferenceDesc |
| Explanation | Schedule I, Part I, Line 2 Assistance is provided to unrelated organizations as determined by the FIA Divisions. The FIA Divisions have working relationships with each charitable organization and informally monitor the use of funds for assistance through consistent interaction. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Walter Lukken | ||||||||||||||
| President & CEO | $478,458 | $0 | $650,000 | $0 | $18,581 | $0 | $23,850 | $0 | $26,398 | $0 | $1,197,287 | $0 | $0 | $0 |
| Mary Ann Burns | ||||||||||||||
| EVP & COO | $328,722 | $0 | $425,000 | $0 | $18,000 | $0 | $23,850 | $0 | $21,717 | $0 | $817,289 | $0 | $0 | $0 |
| R Guy Sheetz | ||||||||||||||
| SVP, CFO & CAO | $201,032 | $0 | $160,000 | $0 | $18,581 | $0 | $23,850 | $0 | $21,600 | $0 | $425,063 | $0 | $0 | $0 |
| Allison Lurton | ||||||||||||||
| General Counsel | $365,659 | $0 | $90,000 | $0 | $581 | $0 | $23,850 | $0 | $26,276 | $0 | $506,366 | $0 | $0 | $0 |
| William Acworth | ||||||||||||||
| SVP, Communications | $184,500 | $0 | $35,000 | $0 | $0 | $0 | $19,755 | $0 | $26,045 | $0 | $265,300 | $0 | $0 | $0 |
| Dawn Stump | ||||||||||||||
| SVP, Government Affairs | $243,271 | $0 | $75,000 | $0 | $581 | $0 | $23,850 | $0 | $3,276 | $0 | $345,978 | $0 | $0 | $0 |
| Antoinette Chan | ||||||||||||||
| VP, Business Development | $262,548 | $0 | $0 | $0 | $0 | $0 | $23,629 | $0 | $26,301 | $0 | $312,478 | $0 | $0 | $0 |
| Jacqueline Mesa | ||||||||||||||
| SVP & Director Intl Relations | $369,866 | $0 | $100,000 | $0 | $581 | $0 | $23,850 | $0 | $9,482 | $0 | $503,779 | $0 | $0 | $0 |
| Charles Jones | ||||||||||||||
| VP, Global Brand Management | $173,190 | $0 | $20,150 | $0 | $581 | $0 | $17,453 | $0 | $9,492 | $0 | $220,866 | $0 | $0 | $0 |
| Barbara Wierzynski | ||||||||||||||
| Former Officer (End 12/31/14) | $360,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $360,000 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Bonus and Compensation | FormAndLineReferenceDesc |
| Explanation | Schedule J, Part II The Compensation Committee of the Board of Futures Industry Association was diligent in obtaining and reviewing market data to assess a bonus payment to Mr. Lukken. His compensation, as well as the compensation of others, was discussed and reviewed in detail at a meeting of the Board. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| ORGANIZATION'S MISSION | FORM 990, PART III, LINE 1 THE FUTURES INDUSTRY ASSOCIATION'S MISSION IS TO BE THE GLOBAL THOUGHT LEADER, ADVOCATE AND EDUCATOR FOR FUTURES AND SWAPS WHICH ARE CENTRALLY CLEARED. AS THE PRIMARY INDUSTRY ASSOCIATION FOR CENTRALLY CLEARED FUTURES AND SWAPS, FIA: - STRIVES TO PRESERVE THE SYSTEM OF FREE AND COMPETITIVE MARKETS AND PROTECT THE PUBLIC INTEREST THROUGH ADHERENCE TO HIGH STANDARDS OF PROFESSIONAL CONDUCT AND FINANCIAL INTEGRITY, AND PROMOTE PUBLIC TRUST AND CONFIDENCE IN THE CLEARED MARKETS - ENGAGES IN REGULATORY AND LEGISLATIVE ADVOCACY THAT IS BASED UPON COMPREHENSIVE ANALYSIS, MEMBER CONSENSUS, INDUSTRY BEST PRACTICES, AND IN THE INTEREST OF FAIR AND EFFICIENT CAPITAL MARKETS - SEEKS TO COLLABORATE WITH REGULATORS, LEGISLATORS, AND OTHER TRADE ASSOCIATIONS GLOBALLY TO ANTICIPATE AND FULFILL MEMBERS' CURRENT AND FUTURE NEEDS - PROVIDES A FORUM FOR DISCUSSION ON CORE ISSUES WITH A GOAL OF BUILDING CONSENSUS ACROSS INDUSTRY STAKEHOLDERS - DELIVERS ACTIONABLE SOLUTIONS AND TECHNOLOGICAL TOOLS TO ADDRESS MARKET INEFFICIENCIES AND OTHER CHALLENGES - SERVES AS A CRITICAL SOURCE OF INDUSTRY INFORMATION THROUGH CONFERENCES, EDUCATIONAL PROGRAMS, PUBLICATIONS, AND RAPID DISSEMINATION OF INDUSTRY NEWS, ALL RICH WITH IN-DEPTH DISCUSSION AND ANALYSIS OF CORE INDUSTRY ISSUES. Information about Membership Form 990, Part VI, Line 1B The FIA is a membership corporation with global reach and strives to promote good communications and better decision making by engaging a broadly representative group of Board Directors. The FIA Board has not more than 29 Directors who are elected by the Association's Regular Member or Associate Member firms. Not more than 10 Directors shall be Associate-member Directors. At the pleasure of the Board, there may also be up to four (4) Public Directors. In addition, the President of FIA serves on the Board as a voting member. All Board members have one vote each. The FIA Board includes up to four (4) voting members who may be, but are not required to be, independent of Association members. These independent members (Public Directors) are individuals who, in the opinion of the Board, have demonstrated the ability to represent the public interest, including the broad spectrum of "users" of the futures markets If employed by a regular or associate member firm, a Public Director must be an individual whose primary responsibility is not associated with futures brokerage, commodity pool operators, or commodity trading advisors. Supply specialized areas of expertise or perspectives that either are not appropriate to obtain or not available from Regular and Associate Member firms. For the purposes of Form 990, a member of FIA's governing body is considered "independent" only if all four of the following circumstances applied at all times during FIA's January 1, 2015 - December 31, 2015 tax year: 1. Not compensated as an FIA officer or other employee or related organization 2. Did not receive more than $10,000 compensation in 2015 from FIA or related organizations as an independent contractor, other than for his/her services as a member of FIA's governing body 3. Did not otherwise receive, directly or indirectly, more than $50,000 in 2015 financial benefits from FIA or a related organization 4. Did not have a family member who received compensation or other material financial benefits from FIA or a related organization Under this definition, the FIA's Public Directors qualify as "independent" with the exception of FIA's President, Walter Lukken, who is a full-time paid employee of FIA. |
| MEMBERS OR STOCKHOLDERS | Form 990, Part VI, Line 6 FIA membership classes are composed of Regular Members, and Associate Members as defined below. FIA members have the right to elect FIA Board Directors when a seat becomes available through resignation, term expiration, or other events. Regular Members Definition: Any partnership, corporation, association or sole proprietorship registered as a futures commission merchant or as an introducing broker with the Commodity Futures Trading Commission is eligible for election as a regular member of the Association, subject to provisions as stated in Bylaws. Associate Members Definition: Any person, partnership, association or corporation directly or indirectly associated with the commodity futures business, international or domestic (other than a futures commission merchant eligible for election as a regular member) or whose primary business purpose is the solicitation, recruitment or placement of executives, representatives, agents, brokers or other employees, is eligible for election as an associate member of the Association provided that they are of good business reputation. The FIA ByLaws further detailing the eligibility, rights and responsibilities of Association and Board members are available upon request. |
| MEMBERS OR STOCKHOLDERS WHO MAY ELECT & DECISIONS | SUBJECT TO APPROVAL FORM 990, PART VI, LINE 7A & 7B Representatives of the regular and associate member firms elect the individuals who serve on the board of directors. Our trade association's members cannot vote directly on governance issues. That authority is reserved for the Board Directors representing them. Governance responsibilities are concentrated into four or five officers of the board of directors and Committees of the Board of Directors. Officers consist of the President, Chairman, Vice Chairman, a Secretary-Treasurer and one or more Vice Presidents as determined by the Board. Officers are elected by the FIA Board. Committees consist of Executive Audit; Dues Membership; Nominating; and Compensation. |
| FORM 990 REVIEW PROCESS | Form 990, Part VI, Line 11b CFO conducted review in collaboration with an independent accounting firm. Discussion was held at the executive level within the organization. |
| CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT | Form 990, Part VI, Line 12c FIA Conflict of Interest Policy: An FIA officer, member of the board or employee ("such persons") assumes a fiduciary duty that carries with it broad and unbending loyalty to the FIA. The Board, officers and employees have the responsibility to administer the affairs of the association honestly and prudently for the sole benefit of the organization. Such persons shall exercise the utmost good faith in all matters involved in their duties, and they shall not use their positions within the organization or knowledge gained from the organization for their personal benefit. It is the policy of the FIA to require such persons to supply a written declaration of their engagement in any activity that relates to those activities of the FIA and could contribute to or affect the success of the FIA, or may create a conflict of interest with the FIA. The conflicts may include an ownership interest in an entity from which the organization procures goods or services, or other transactions carrying the possibility of personal gain at the expense of FIA, or any transaction in which FIA is doing business with a family member or business partner of such persons. Known or possible conflicts calling for disclosure also include: -Any other entity involvement conflicts; -Subject matter conflicts; -Conflicts of current or potential financial interest, ownership, compensation in an organization that is a vendor to FIA apart from known partnerships or memberships; -Family conflicts; -Other Board/Client conflicts; -Other conflicts that such person recognizes to be as such through analogy of those mentioned above. The FIA recognizes that disclosure of a conflict or a possible conflict does not preclude the entity from doing business with a related party. However, such persons having a conflict of interest shall not participate or use any personal influence in the discussion of the subject or make any recommendations regarding the subject and will excuse him or herself from all decision-making regarding the topic. The FIA Audit Committee is charged with responsibility for reviewing all disclosures or related activities or conflicts of interest. All officers, members of the board, and employees of FIA are required to report annually, or upon occurrence, their disclosure of conflicts using the standard FIA form provided. |
| PROCESS FOR DETERMINING COMPENSATION | FORM 990, PART VI, LINE 15A The Chairman of the FIA Board of Directors serves as Chair for both the Executive Committee and the Compensation Committee. The Executive Committee also has authority to determine the number and compensation of any paid Directors. All officers, except as the Board determines, serve without compensation. In the Fourth Quarter of each calendar year, the FIA Board's Executive Committee and Compensation Committee determines the following year's compensation of FIA's senior management with contemporaneous substantiation of the deliberation and decision. In addition, during the Fourth Quarter of each year the Compensation Committee reviews and approves the following year's compensation proposals for all other FIA employees after considering compensation metrics for similar organizations. Compensation guidelines and recommendations are based upon employee responsibility and performance and on industry and position-specific market data from sources such as the ASAE. Therefore, THE PROCESS FOR DETERMINING THE COMPENSATION OF ALL EMPLOYEES INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. This process was most recently completed in the Fourth Quarter of 2015. |
| PROCESS FOR DETERMINING COMPENSATION | FORM 990, PART VI, LINE 15B THE PROCESS FOR DETERMINING THE COMPENSATION OF ALL EMPLOYEES INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. |
| HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC | Form 990, Part VI, Line 19 The FIA makes its governing documents, conflict of interest policy, and financial statements available to the public upon request to the extent required by law. |
| OTHER CHANGES IN NET ASSETS OR FUND BALANCES | Form 990, Part XI, Line 9 Foreign Exchange Rate Adjustment $(84,567) ----------- Total Other Changes in Net Assets $(84,567) |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| The Institute for Financial Markets | ||||||||||
| 2001 Pennsylvania Ave NW | Washington | DC | 20006 | 521634508 | Educational | DC | 501(C)(3) | 09 | FIA | Yes (true) |
| FIA Asia Inc | ||||||||||
| 2002 Pennsylvania Ave NW | Washington | DC | 20006 | 352329204 | Member Assoc. | DE | 501(C)(6) | N/A | FIA | Yes (true) |
| Markets Association | ||||||||||
| 2003 Pennsylvania Ave NW | Washington | DC | 20006 | 522304754 | Member Assoc. | DC | 503(C)(6) | N/A | FIA | Yes (true) |
| FIA Global Inc | ||||||||||
| 2001 Pennsylvania Ave NW | Washington | DC | 20006 | 464617924 | Member Assoc. | DC | 501(c)(6) | N/A | FIA | Yes (true) |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIA Technology Services Inc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Pennsylvania Ave ste 600 | AddressLine1Txt |
| City | Washington | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300472383 | EIN |
| Primary Activities | Data Storage | PrimaryActivitiesTxt |
| Legal Domicile State | DC | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C Corp | EntityTypeTxt |
| Share Of Total Income | $6,629,260 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $5,851,978 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | 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 | 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 | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (5 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt |
|---|---|
| FIA Technology Services Inc | |
| a | $160,000 |
| Institute for Financial Markets | |
| n | $133,729 |
| FIA Technology Services Inc | |
| n | $160,600 |
| Institute for Financial Markets | |
| o | $116,623 |
| FIA Technology Services Inc | |
| o | $192,740 |
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