SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC (EIN 32-0178959)
- Tax period
- 2010-11-01 to 2011-10-31
- Filed
- 2012-09-13
- IRS object ID
- 201232579349300818
- Schema version
- 2010v3.2
- 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) |
|---|---|---|
| Timestamp | 2012-09-13T10:41:22-07:00 | Timestamp |
| Tax Period End Date | 2011-10-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JUSTIN KANG CPA PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15408 NORTHERN BLVD STE 2-A | AddressLine1 |
| City | FLUSHING | City |
| State | NY | State |
| ZIP Code | 113545030 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-11-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 320178959 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SECU | NameControl |
| Phone | 2123131251 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 BROADWAY | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10271 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARK JEONG | Name |
| Title | ASSISTANT CONTROLLER & VICE PRESIDE | Title |
| Phone | 2123131251 | Phone |
| Date Signed | 2012-09-13 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JUSTIN KANG | Name |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | T TIMOTHY RYAN | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 BROADWAY 35TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10271 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 64291432 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.sifma.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2006 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's core mission is to support a strong financial industry. The most significant activities SIFMA undertook this year pertained to advocacy on Dodd-Frank Wall Street Reform and Consumer Protection Act rule making - work strategically funded principally from association reserves ($9.1m and $2.5m in current and prior year respectively). | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 39 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 38 | NbrIndependentVotingMembers |
| Total Nbr Employees | 208 | TotalNbrEmployees |
| Total Nbr Volunteers | 6054 | TotalNbrVolunteers |
| Total Gross UBI | 27640 | TotalGrossUBI |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 62954068 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 61954051 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 116986 | InvestmentIncomePriorYear |
| Investment Income Current Year | 103319 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2015853 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2234062 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 65086907 | TotalRevenuePriorYear |
| Total Revenue Current Year | 64291432 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 84600 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 32807690 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 33330166 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 34247548 | OtherExpensePriorYear |
| Other Expenses Current Year | 37247263 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 67055238 | TotalExpensesPriorYear |
| Total Expenses Current Year | 70662029 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1968331 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -6370597 | RevenuesLessExpensesCY |
| Total Assets BOY | 83288316 | TotalAssetsBOY |
| Total Assets EOY | 68486624 | TotalAssetsEOY |
| Total Liabilities BOY | 38874824 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 32687336 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 44413492 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 35799288 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SIFMA's mission is to develop policies and practices which strengthen | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | CONTINUED DEVELOPMENT AND MAINTENANCE OF BEST PRACTICES - SEE SCHEDULE O | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADVOCACY EFFORTS - SEE SCHEDULE O | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CONFERENCES AND SEMINARS - SEE SCHEDULE O | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Continued serving as a source of market information, including statistics on many facets of the markekplace and publishing statistics on many facets of the markekplace and publishing statistics on many facets of the markekplace and publishing | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | true | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 135 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 208 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 39 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 38 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARK JEONG | NamePerson |
| Telephone Number | 2123131251 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 BROADWAY 35TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 102710080 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (29 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|
| JOHN G TAFT | |||||
| Chairman of the Board | 2.00 | X | 0 | 0 | 0 |
| BENARD B BEAL | |||||
| Vice Chair | 2.00 | X | 0 | 0 | 0 |
| ALEXANDRA LEBENTHAL | |||||
| Treasurer | 2.00 | X | 0 | 0 | 0 |
| FRANK P BARRON | |||||
| Director | 1.00 | X | 0 | 0 | 0 |
| FRANCOIS O BARTHELEMY | |||||
| Director | 1.00 | X | 0 | 0 | 0 |
| ROSEMARY T BERKERY | |||||
| Director | 1.00 | X | 0 | 0 | 0 |
| JOAN BINSTOCK | |||||
| Director | 1.00 | X | 0 | 0 | 0 |
| CURT BRADBURY JR | |||||
| Director | 1.00 | X | 0 | 0 | 0 |
| BENJAMIN L BRIGEMAN | |||||
| Director | 1.00 | X | 0 | 0 | 0 |
| RICHARD F BRUECKNER | |||||
| Director | 2.00 | X | 0 | 0 | 0 |
| KENT CHRISTIAN | |||||
| Director | 1.00 | X | 0 | 0 | 0 |
| JERRY DEL MISSIER | |||||
| Director | 1.00 | X | 0 | 0 | 0 |
| DIDIER DESCAMPS | |||||
| Director | 1.00 | X | 0 | 0 | 0 |
| WILLIAM DWYER | |||||
| Director | 1.00 | X | 0 | 0 | 0 |
| KENNETH D GIBBS | |||||
| Director | 1.00 | X | 0 | 0 | 0 |
| JOHN R GIDMAN | |||||
| Director | 2.00 | X | 0 | 0 | 0 |
| THOMAS HARNETT | |||||
| Director | 1.00 | X | 0 | 0 | 0 |
| ROBERT W HAWLEY JR | |||||
| Director | 1 | X | |||
| CHET HELCK | |||||
| Director | 1 | X | |||
| DAVID B HELLER | |||||
| Director | 1 | X | |||
| NOE HINOJOSA JR | |||||
| Director | 2 | X | |||
| DOUG HODGE | |||||
| Director | 1 | X | |||
| WILLIAM JOHNSTONE | |||||
| Director | 1 | X | |||
| THOMAS M JOYCE | |||||
| Director | 1 | X | |||
| EDWARD J KELLY III | |||||
| Director | 1 | X | |||
| RONALD J KRUSZEWSKI | |||||
| Director | 1 | X | |||
| MICHAEL LYUBLINSKY | |||||
| Director | 1 | X | |||
| BLYTHE MASTERS | |||||
| Director | 1 | X | |||
| NAOKI MATSUBA | |||||
| Director | 1 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 9645946 | TotalReportableCompFromOrg |
| Total Other Compensation | 520480 | TotalOtherCompensation |
| Number Individuals GT100 K | 71 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| DAVIS POLK & WARDWELL | |||||
| 450 LEXINGTON AVENUE | NEW YORK | NY | 10017 | Legal | 2549336 |
| BRUNSWICK GROUP LLC | |||||
| 140 E 45TH STREET | NEW YORK | NY | 10017 | Consulting | 708492 |
| INTERMEDIA EVENTS | |||||
| 50 E 42ND STREET | NEW YORK | NY | 10017 | Consulting | 622500 |
| CLEARY GOTTLIEB STEEN | |||||
| ONE LIBERTY PLAZA | NEW YORK | NY | 10006 | Legal | 502773 |
| THREESPOT MEDIA LLC | |||||
| 33333 14TH STREET NW | WASHINGTON | DC | 20100 | Consulting | 407929 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 26 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Member Dues | 541900 | 49874949 | ||
| Conferences | 541900 | 11761595 | $11,761,595 | |
| Publication Sales | 541800 | 317507 | $289,867 | 27640 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 61954051 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 103319 | TotalRevenueColumn |
| Exclusion | $103,319 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 278525 | TotalRevenueColumn |
| Exclusion | $278,525 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| Proceeds from share service agreement | 541800 | 1705704 | $1,705,704 |
| Other Income | 541800 | 249833 | $249,833 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1955537 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 64291432 | TotalRevenueColumn |
| Related Or Exempt Function Income | 49874949 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 27640 | UnrelatedBusinessRevenue |
| Exclusion | $14,388,843 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84600 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7620085 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20204933 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4160363 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1344785 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13940759 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 227630 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1104957 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1430178 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1152993 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5308660 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1474349 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7866741 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2921429 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Subscription and books | 422277 |
| Postage and Messenger | 165800 |
| Bank charges and Credit Card Processing | 374228 |
| Dues and registration | 183159 |
| Contribution and sponsorship | 73130 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 600973 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70662029 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2808317 | BOY |
| EOY | 1417858 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25613527 | BOY |
| EOY | 12700403 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2148686 | BOY |
| EOY | 1151712 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 453803 | BOY |
| EOY | 2721684 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 34425102 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 15289280 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21781893 | BOY |
| EOY | 19135822 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30463263 | BOY |
| EOY | 31358400 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18827 | BOY |
| EOY | 745 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83288316 | BOY |
| EOY | 68486624 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13504376 | BOY |
| EOY | 7200088 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2453176 | BOY |
| EOY | 2665903 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22917272 | BOY |
| EOY | 22821345 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38874824 | BOY |
| EOY | 32687336 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44413492 | BOY |
| EOY | 35799288 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44413492 | BOY |
| EOY | 35799288 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83288316 | BOY |
| EOY | 68486624 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -6370597 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -2243607 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nondeduct | false | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | false | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | true | AgreeToCarryoverPriorYear |
| Dues Assessments | 49874949 | DuesAssessments |
| Non Ded Lobby Political Current | 5230000 | NonDedLobbyPoliticalCurrent |
| Non Ded Lobby Political Total | 5230000 | NonDedLobbyPoliticalTotal |
| Aggr Amt Reported In Dues Notices | 7481242 | AggrAmtReportedInDuesNotices |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 21352462 | OtherCostOrOtherBasis |
| Depreciation | 5501821 | Depreciation |
| Book Value | 15850641 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13072640 | OtherCostOrOtherBasis |
| Depreciation | 9787459 | Depreciation |
| Book Value | 3285181 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 19135822 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Deferred rent and construction allowance | $9,313,826 |
| Employee benefits payable | $10,365,496 |
| Unamortized loss on abandoned property | $3,142,023 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 22821345 | TotalOfAmounts |
| Total Revenue | 64291432 | TotalRevenue |
| Total Expenses | 70662029 | TotalExpenses |
| Excess Or Deficit For Year | -6370597 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 895137 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | -25403 | PriorPeriodAdjustments |
| Other | -$3,138,744 | OtherAmount |
| Total Adjustments | -2269010 | TotalAdjustments |
| Excess Or Deficit Per FS | -8639607 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 65166569 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 875137 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 875137 | RevenueNotRptdF990 |
| Revenue Subtotal | 64291432 | RevenueSubtotal |
| Total Revenue Per Form990 | 64291432 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 73826176 | TotExpensesEtcAuditedFinclStmt |
| Prior Year Adjustments | 25403 | PriorYearAdjustments |
| Other Expenses Included | 3138744 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 3164147 | ExpensesNotRptdF990 |
| Expenses Subtotal | 70662029 | ExpensesSubtotal |
| Total Expenses Per Form990 | 70662029 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt X | The Association is exempt from federal income taxes under the provision of Section 501(c)(6) of the |
| INTERNAL REVENUE CODE. ACCORDINGLY, THE ASSOCIATION IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSES. THE ASSOCIATION UTILIZES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSES. THE ASSOCIATION UTILIZES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF | |
| Pt XI Line 8 | Post-retirement related chanes other than net periodic post retirement benefit cost - $1,281,373 |
| Pt XI Line 8 | Amortization of curtailment - $1,129,391 Transfer out(Societies) - $737,980 |
| Pt XIII Line 2d | Post-retirement related chanes other than net periodic post retirement benefit cost - $1,281,373 Amortization of curtailment - $1,129,391 Transfer out(Societies) - $737,980 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|---|
| SCHOLARSHIP AMERICA | |||||||||
| ONE SCHOLARSHIP WAY | SAINT PETER | MN | 56082 | 042296967 | 501c(3) | 53100 | FMV | 0 | Prgm. Support |
| LOWER MANHATTAN CULTURAL COUNCIL | |||||||||
| 125 MAIDEN LANE 2 | NEW YORK | NY | 10038 | 237348782 | 501c(3) | 10000 | FMV | 0 | Prgm. Support |
| NCSL FOUNDATION FOR STATE LEGISLATURES | |||||||||
| 7700 EAST FIRST PLACE | DENVER | CO | 80230 | 742232576 | 501c(3) | 7500 | FMV | 0 | Prgm. Support |
| CONGRESSIONAL HISPANIC CAUCUS INSTITUTE | |||||||||
| 911 2ND STREET NE | WASHINGTON | DC | 20002 | 521114225 | 501c(3) | 7000 | FMV | 0 | Prgm. Support |
| NATIONAL PRESS FOUNDATION | |||||||||
| 12100 CONNECTICUT AVE NW SUITE 310 | WASHINGTON | DC | 20036 | 521069481 | 501c(3) | 7000 | FMV | 0 | Prgm. Support |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 5 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | SIFMA provides support to charitable organizations to help those organizations further their exempt programs. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg |
|---|---|---|---|---|---|---|
| T TIMOTHY RYAN | ||||||
| 2510476 | 436000 | 29400 | 23889 | 2999765 | 3002672 | |
| DAVID B KRASNER | ||||||
| 401662 | 175000 | 29400 | 15717 | 621779 | 496282 | |
| RANDOLPH C SNOOK | ||||||
| 604818 | 395000 | 31269 | 19549 | 1050636 | 1021305 | |
| KENNETH E BENTSEN | ||||||
| 791674 | 175000 | 29400 | 20041 | 1016115 | 377976 | |
| IRA D HAMMERMAN | ||||||
| 447233 | 330000 | 29000 | 20239 | 826472 | 803782 | |
| ILEANE ROSENTHAL | ||||||
| 409740 | 150000 | 29400 | 2799 | 591939 | 585129 | |
| CHERYL L CRISPEN | ||||||
| 135341 | 50000 | 22241 | 8114 | 215696 | ||
| RICHARD A DORFMAN | ||||||
| 506014 | 150000 | 29400 | 13694 | 699108 | ||
| TIMOTHY W CAMERON | ||||||
| 393120 | 100000 | 29400 | 16610 | 599130 | 60000 | |
| MICHAEL DECKER | ||||||
| 316788 | 175000 | 29400 | 16609 | 537797 | ||
| CORY N STRUPP | ||||||
| 375000 | 100000 | 29400 | 125 | 504525 | 504400 | |
| JOSEPH W SACK | ||||||
| 408080 | 50000 | 31269 | 14415 | 503764 | 514910 | |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Pt I Line 1a | Identifier |
| Explanation | SIFMA provided a housing allowance for the benefit of Timothy W. Cameron, Managing Director; the housing allowance was included as taxable compensation on the individual's form W-2 and is reported on schedule J, Part II, Col.B(iii). SIFMA provided first class air travel when traveling for SIFMA business for T. Timothy Ryan, President and CEO; the first class air travel was excluded as taxable compensation on the individuals's form W-2 because it was incurred for business reasons. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI-B, Line 12c | See attachment |
| Pt VI-B, Line 15 | See attachment |
| Pt VI-C, Line 19 | See attachment |
| Pt VI-A, Line 6 | See attachment |
| Pt VI-B, Line 11a | See attachment |
| Pt VI-A, Line 7a | See attachment |
| Pt VI-A, Line 7b | See attachment |
| Form 990, Part III, Line 4d | CONTINUED SERVING AS A SOURCE OF MARKET INFORMATION, INCLUDING |
| Form 990, Part IX, Line 24f | OTHER 255629. PRINTING 345344. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 BROADWAY 35TH FL | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10271 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521087193 | EIN |
| Primary Activities | NOT FOR PROFIT CHARITY | PrimaryActivities |
| Legal Domicile State | DE | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 9 | PublicCharityStatus |
| Controlled Org | false | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) | ||
| kq | 1610806 | actual collected |
| SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) | ||
| pr | 1431997 | actual reimbursed |
| SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) | ||
| mn | 395866 | Estimated |
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