2013-11-13T16:34:38-06:00 2012-12-31 Grant Thornton LLP 2010 CORPORATE RIDGE SUITE 400 MCLEAN VA 22102 990 2012-01-01 521634508 Institute for Financial Markets % R GUY SHEETZ INST 2022231528 2001 Pennsylvania Ave NW Suite 600 Washington DC 20006 R GUY SHEETZ 2024665460 2013-11-13 true Frank Giardini 7038477500 2012 2016-02-25 16:41:14Z Patricia Foshee 2001 Pennsylvania Ave NW Washington DC 20006 2474716 false X www.theifm.org X 1989 DC The Institute's mission focuses on three primary areas - education, ethics and data directed at improving the financial services industry. 18 15 8 17 -2132 -2382 85000 145000 1464791 1598971 55260 106914 8361 12969 1613412 1863854 106750 87500 0 0 775198 816510 0 0 0 678588 739311 1560536 1643321 52876 220533 3070139 3391507 2206026 2153028 864113 1238479 X See Schedule O false false 30260 97090 The development of products and market-based educational materials directed to industry professionals, market users, journalists, academics and those who shape and implement public policy for the financial services industry. 951209 87500 599083 The development of standards and fostering best practices initiatives in the futures and related financial services industry. 214066 902798 Market data used by academic and government researchers and industry professionals and their clients throughout the world. 1195535 true true false false false false false false false false true false false false false true false true false false false false true false false false false true true true false false false false false false false false false false false false false true false false false true 16 0 true 8 true false false false false false false false false false false X 18 15 false false false false false false false true true false false false true true true true true true false false DC IL NY X R GUY SHEETZ 2022231528 2001 PENNSYLVANIA AVE NW SUITE 60 Washington DC 20006 Patricia Foshee 60.0 X X 154737 0 21774 Peter F Borish 1.0 X X 0 0 0 Thomas A Russo 1.0 X X 0 0 0 Mark E Holder 1.0 X X 0 0 0 Walter Lukken 1.0 64.0 X 0 919285 40598 John M Damgard 1.0 38.5 X 0 289783 10804 Thomas F Callahan 1.0 X 0 0 0 Michael C Dawley 1.0 X 0 0 0 Daniel A Driscoll 1.0 X 0 0 0 Laurie R Ferber 1.0 X 0 0 0 Scott Gordon 1.0 X 0 0 0 Arthur W Hahn 1.0 X 0 0 0 Edward A Kwalwasser 1.0 X 0 0 0 Robert G Pickel 1.0 X 0 0 0 Neal Shear 1.0 X 0 0 0 Fernando Centelles 1.0 X 0 0 0 Vassilis Vergotis 1.0 X 0 0 0 Micah S Green 1.0 X 0 0 0 Kevin Baldwin 40.0 X 157976 0 21583 312713 1209068 94759 2 false true false 0 140000 5000 145000 PROGRAM MATERIAL SALES 999888 999888 REGISTRATION FEES 235833 235833 RESTRICTED GRANTS 102500 102500 SPONSORSHIP AND EXHIBIT FEES 260750 260750 1598971 58820 -2132 60952 0 0 0 0 0 658956 610862 48094 48094 48094 0 0 0 MISCELLANEOUS REVENUE 12969 12969 12969 1863854 1611940 -2132 109046 23750 23750 48750 48750 15000 15000 0 158750 115411 43339 0 0 506564 368272 138292 52110 37884 14226 53008 38537 14471 46078 33499 12579 174562 126907 47655 13983 10166 3817 6135 4460 1675 0 0 0 0 0 141200 78765 62435 2576 1873 703 0 0 137547 99997 37550 0 258315 188634 69681 0 0 3995 2904 1091 0 TAXES AND LICENSES 998 726 272 1643321 1195535 447786 0 163126 503828 63602 63609 0 0 147400 53962 0 0 0 0 0 0 6902 3463 4888 10825 34560 26225 6845 8335 2669539 2744226 0 0 0 0 0 0 7837 3259 3070139 3391507 69991 112890 0 0 2136035 2040138 0 0 0 0 0 0 0 0 0 0 0 0 2206026 2153028 X 864113 1238479 0 0 0 0 864113 1238479 3070139 3391507 220533 153833 X false true X true false X 121500 127000 107188 85000 145000 585688 695924 767067 1081472 1464791 1598971 5608225 0 0 0 817424 894067 1188660 1549791 1743971 6193913 121500 127000 107500 85000 145000 586000 0 0 0 121500 127000 107500 85000 145000 586000 5607913 3540 59105 209957 74209 60952 407763 0 3540 59105 209957 74209 60952 407763 0 0 0 1279 8361 12969 22609 820964 953172 1399896 1632361 1817892 6624285 0.84657 0.83236 0.06156 0.06304 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10430 5726 4704 24130 20499 3631 8335 0 0 X Liability for Uncertain Tax Position (ASC 740) Schedule D, Part X, Line 2 The Institute is exempt from income tax under Section 501(c)(3) of the Code, and has been designated a publicly supported organization under Sections 509(a)(2) and 170 of the Code. No taxable unrelated business income was generated and, accordingly, no provision for income taxes is reflected in the accompanying financial statements. Research Europe (Including Iceland and Greenland) 1 1875 Check Research East Asia and the Pacific 1 3750 Check Research Europe (Including Iceland and Greenland) 1 1875 Check Research Europe (Including Iceland and Greenland) 1 3750 Check Research North America 1 3750 Check false false false false false false true Review for Futures Markets PO Box 164 Massillon OH 44648 274149803 501(c)(3) 20000 Research paper 1 Research 10 48750 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 IFM reviews the final product of the research grant. X X X false false false false false false false false false Patricia Foshee 123822 0 30000 0 915 0 14287 0 7681 0 176705 0 0 0 Kevin Baldwin 151661 0 6000 0 315 0 14249 0 7492 0 179717 0 0 0 Walter Lukken 0 411115 0 500000 0 8170 0 22500 0 18239 0 960024 0 0 John M Damgard 0 99393 0 0 0 190390 0 9000 0 2397 0 301180 0 0 Organization's Mission Form 990, Part III, Line 1 THE INSTITUTE IS QUALIFIED AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE SERVICE CODE. OUR MISSION FOCUSES ON THREE PRIMARY AREAS - EDUCATION, ETHICS AND DATA. WE SERVE AS AN INDUSTRY UTILITY AND DEVELOP AND DELIVER PRODUCTS AND SERVICES DIRECTED TO SECURITIES AND FUTURES BROKERAGE FIRMS, MARKET-USERS, AND THOSE WHO SHAPE AND IMPLEMENT PUBLIC-POLICY FOR THE FINANCIAL SERVICES INDUSTRY. THE IFM IS PARTICULARLY KNOWN FOR THE QUALITY AND BALANCE OF ITS WORK. WE PUBLISH TEXTS, DEVELOP CUSTOMIZED EDUCATION AND PRODUCE SPECIALIZED IN-HOUSE TRAINING THAT ARE USED BY A WIDE CROSS-SECTION OF FINANCIAL MARKET USERS INCLUDING INVESTORS, EXCHANGES, FINANCIAL FIRMS, U.S. AND INTERNATIONAL REGULATORS, AND MULTI-COUNTRY MEMBER ORGANIZATIONS. WE DELIVER EDUCATION IN A VARIETY OF MEDIUMS FROM ASYNCHRONOUS WEB-COURSES AND LIVE WEB-SEMINARS, TO PUBLIC-ENROLLMENT COURSES IN MAJOR FINANCIAL CENTERS AND CUSTOMIZED IN-HOUSE PROGRAMS FOR CLIENTS. FINALLY, THE IFM PARTICIPATES IN THE DEVELOPMENT OF STANDARDS AND FOSTERING BEST PRACTICES INITIATIVES IN THE FINANCIAL SERVICES INDUSTRY. AS A NONPROFIT ORGANIZATION, THE INSTITUTE FUNDS ITS ACTIVITIES AND DEVELOPMENT OF NEW SERVICES FROM TWO PRINCIPAL SOURCES: THE SALE OF ITS PRODUCTS AND SERVICES AND THE GENEROUS SUPPORT OF A BROAD RANGE OF FINANCIAL INSTITUTIONS, EXCHANGES, BROKERAGE FIRMS AND PARTICIPANTS FROM A VARIETY OF MARKET SECTORS. TAX-DEDUCTIBLE CONTRIBUTIONS TO THE IFM HELP UNDERWRITE: EDUCATIONAL RESEARCH MATERIALS, INCLUDING PRODUCT DEVELOPMENT, ETHICS TRAINING, AND DATA CENTERS. Form 990 Review Process Form 990, Part VI, Line 11b THE CHIEF FINANCIAL OFFICER OF THE FUTURES INDUSTRY ASSOCIATION, INC CONDUCTED THE REVIEW IN COLLABORATION WITH THE EXTERNAL ACCOUNTING FIRM. DISCUSSION WAS HELD AT THE EXECUTIVE LEVEL WITHIN THE ORGANIZATION. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c Officers, trustees and key employees are covered under the policy. The level at which determinations of whether a conflict exists includes but is not limited to the following: ownership interest in an entity the organization is procuring goods or services from, other transactions where an insider has the possibility of personal gain at the expense of the organization or any transaction in which the organization is doing business with a family member or business partner. Any conflicts are reviewed first by the executive director and then by the board of trustees. Restrictions include removal of participation or any personal influence in the discussion of the subject and all decision making regarding the topic. Process for Determining Compensation Form 990, Part VI, Line 15a The officers of the board of trustees review the compensation for all eight employees including the executive director and approve upon recommendation of management. How Documents are Made Available to the Public Form 990, Part VI, Line 19 Determination would be made upon each request for governing documents, conflict of interest policy, and financial statements. FIA Asia Inc 2001 PENNSYLVANIA AVE NW WASHINGTON DC 20006 352329304 Member Assoc. DE 501(c)(6) N/A FIA false Markets Association 2001 PENNSYLVANIA AVE NW WASHINGTON DC 20006 522304754 Member Assoc. 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