2012-11-14T14:04:53-06:00 2011-12-31 Grant Thornton LLP 2010 CORPORATE RIDGE SUITE 400 MCLEAN VA 22102 990 2011-01-01 521634508 Institute for Financial Markets % R GUY SHEETZ INST 2022231528 2001 Pennsylvania Ave NW Washington DC 20006 GUY R SHEETZ 2024665460 2012-11-14 true 7038477500 2011 2016-02-24 21:20:13Z Patricia Foshee 2001 Pennsylvania Ave NW Washington DC 20006 1629920 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. 15 15 8 15 -2441 -2441 187188 85000 871515 1464791 24416 55260 1279 8361 1084398 1613412 50750 106750 0 0 684955 775198 0 0 42118 378173 678588 1113878 1560536 -29480 52876 3192708 3070139 2240641 2206026 952067 864113 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 PARTICIPATE false false 228119 106750 262494 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 fo the financial services industry. 667708 528707 The development of standards and fostering best practices initiatives in the futures and related financial services industry. 267836 673590 Market data used by academic and government researchers and industry professionals and their clients throughout the world. 1163663 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 false true 14 0 true 8 true false false false false false false false false false false X 15 15 false false false false false false false true true false false false true true true true true true true false DC IL NY X R GUY SHEETZ 2022231528 2001 PENNSYLVANIA AVE NW SUITE 60 Washington DC 20006 X 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 Thomas F Callahan 1.0 X 0 0 0 Alger B Chapman 1.0 X 0 0 0 John Damgard 1.0 X 0 1158562 22050 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 Patricia Foshee 60.0 X 145895 0 22019 Kevin Baldwin 40.0 X 156620 0 22340 302515 1158562 66409 2 false true false 0 80000 5000 85000 PROGRAM MATERIAL SALES 811620 811620 REGISTRATION FEES 235372 235372 RESTRICTED GRANTS 124464 124464 SPONSORSHIP AND EXHIBIT FEES 293335 293335 1464791 71768 -2441 74209 0 0 0 16508 -16508 -16508 -16508 0 0 0 MISCELLANEOUS REVENUE 8361 8361 8361 1613412 1473152 -2441 57701 31250 31250 43625 43625 31875 31875 0 145481 145481 0 485998 343610 127277 15111 44334 34337 8936 1061 11309 8759 2279 271 88076 68217 17752 2107 0 856 856 9485 9485 0 0 0 219304 163257 56047 0 73211 38248 30976 3987 0 0 0 147312 65356 68151 13805 0 0 0 0 3547 3547 10123 1594 8529 PRINTING 29194 7711 19985 1498 ADVERTISING 2712 589 80 2043 MISCELLANEOUS EXPENSES 8713 5623 855 2235 CONFERENCE EXPENSES 174131 174131 1560536 1163663 354755 42118 204837 163126 63596 63602 0 0 80067 147400 0 0 0 0 0 0 4763 6902 12259 4888 121350 114505 10392 6845 2780065 2669539 0 0 0 0 0 0 36729 7837 3192708 3070139 62251 69991 0 0 2178390 2136035 0 0 0 0 0 0 0 0 0 0 0 0 2240641 2206026 X 952067 864113 0 0 0 0 952067 864113 3192708 3070139 X 52876 -140830 X false true true X X 153880 121500 127000 107188 85000 594568 691826 695924 767067 1081472 1464791 4701080 845706 817424 894067 1188660 1549791 5295648 141000 121500 127000 107500 85000 582000 0 0 0 0 141000 121500 127000 107500 85000 582000 4713648 12609 3540 59105 209957 285211 71768 71768 12609 3540 59105 209957 71768 356979 743 0 0 1279 8361 10383 859058 820964 953172 1399896 1629920 5663010 0.83236 0.80000 0.06304 0.06077 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99785 97364 2421 21565 17141 4424 6845 0 0 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 East Asia/Pacific 1 7500 wire Research Europe/Iceland/Greenland 2 13125 check Research East Asia/Pacific 1 11250 check false false false false false false true Review for Futures Markets PO Box 164 Massillon OH 44648 274149803 501(c)(3) 20000 Research Woodbine Associates Matthew Samelson 185 Pinewood Road Stamford CT 06903 300530389 501(c)(7) 11250 research 2 0 Research 6 43625 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 false false false false false false false false false Patricia Foshee 120481 0 25000 0 414 0 13500 0 8519 0 167914 0 0 0 Kevin Baldwin 149350 0 7000 0 270 0 14137 0 8203 0 178960 0 0 0 John Damgard 0 380510 0 750000 0 28052 0 9282 0 0 0 1167844 0 0 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. Consolidated Audit of Financial Statements Form 990, Part IV, Line 12a THE ORGANIZATION AND ITS RELATED ORGANIZATIONS MEET THE GAAP REQUIREMENTS FOR A CONSOLIDATED AUDIT. THE ORGANIZATION RECEIVED CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR THAT IS THE SUBJECT OF THIS RETURN. THE AUDITED FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GAAP. 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 six 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. OTHER CHANGES IN NET ASSETS OR FUND BALANCES FORM 990, PART XI, LINE 5 UNREALIZED LOSS $(140,830) HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:John Damgard TITLE:Board Member HOURS:64 FIA Asia Inc 2001 PENNSYLVANIA AVE NWSTE 600 WASHINGTON DC 20006 352329304 MEMBER ASSOC DC 501(c)(6) N/A NA Markets Association 2001 PENNSYLVANIA AVE NWSTE 600 WASHINGTON DC 20006 522304754 MEMBER ASSOC DC 501(c)(6) n/a FIA FUTURES INDUSTRY ASSOCIATION INC 2001 PENNSYLVANIA AVE NWSTE 600 WASHINGTON DC 20006 135642275 MEMBERSHIP DC 501(c)(6) n/a NA FIA TECHNOLOGY SERVICES INC 2001 PENNSYLVANIA AVENW STE 600 WASHINGTON DC 20006 300472383 DATA STORAGE DE FIA INC C Corp 0 0 0.00000 false false true false false false false false false false false false true true true false false false Futures Industry Association Inc c 80000 FMV Futures Industry Association Inc m 119798 FMV Futures Industry Association Inc n 67201 FMV Futures Industry Association Inc o 6931 FMV