2012-03-14T09:41:08-05:00 2011-07-31 EDELSTEIN AND COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 021101772 990 2010-08-01 300406260 COMMITTEE ON CAPITAL MARKETS REGULATION INC C/O HAL S SCOTT COMM 6174952790 1557 MASSACHUSETTS AVE LILC 339 CAMBRIDGE MA 02138 HAL S SCOTT 6174952790 2012-03-06 1 ALFONSO PERILLO 6172276161 2012-03-06 2010 2016-02-24 21:20:13Z HAL S SCOTT 1557 MASSACHUSETTS AVE LILC 339 CAMBRIDGE MA 02138 1598634 0 X WWW.CAPMKTSREG.ORG X 2007 DE TO RESEARCH AND ADDRESS SPECIFIC ISSUES AFFECTING THE REGULATION OF U.S. CAPITAL MARKETS. 6 5 5 1 0 0 1696050 1567850 0 0 5481 8914 162 286 1701693 1577050 0 0 0 0 741250 800325 0 0 35156 359747 293955 1100997 1094280 600696 482770 1144076 1631980 38253 34576 1105823 1597404 X THE SPECIFIC PURPOSES FOR WHICH THE CORPORATION IS FORMED INCLUDE: 1) EXPLORING A RANGE OF ISSUES RELATED TO MAINTAINING AND IMPROVING THE COMPETITIVENESS OF THE US CAPITAL MARKETS; 2) RECOMMENDING POLICY CHANGES THAT SHOULD BE MADE, (CONTINUED ON SCHEDULE O) OR AREAS OF RESEARCH THAT SHOULD BE PURSUED; 3) PRESERVING AND ENHANCING THE BALANCE BETWEEN EFFICIENT AND COMPETITIVE CAPITAL MARKETS AND SHAREHOLDER PROTECTION; AND 4) PURSUING OTHER SIMILAR AREAS OF STUDY AND DISCUSSION. 0 0 787693 THE COMMITTEE ON CAPITAL MARKETS REGULATION, INC. IS AN INDEPENDENT AND NONPARTISAN RESEARCH ORGANIZATION DEDICATED TO IMPROVING THE REGULATION OF U.S. CAPITAL MARKETS. THE COMMITTEE'S RESEARCH PROVIDES POLICYMAKERS WITH A NONPARTISAN EMPIRICAL FOUNDATION FOR PUBLIC POLICY AS WELL AS EDUCATES THE PUBLIC ON THESE ISSUES. DURING THE REPORTABLE FISCAL YEAR, THE COMMITTEE (1) CONDUCTED RESEARCH ON ISSUES AFFECTING THE COMPETITIVENESS OF U.S. CAPITAL MARKETS INCLUDING PUBLISHING ON A QUARTERLY BASIS 13 MEASURES MEASURING COMPETITIVENESS AND (2) FOCUSED ON IMPLEMENTATION OF ITS RECOMMENDATIONS FROM ITS 2009 REPORT TITLED "THE GLOBAL FINANCIAL CRISIS, A PLAN FOR REGULATORY REFORM" THROUGH, INTER ALIA, TESTIMONY BEFORE THE SENATE BANKING COMMITTEE AND LETTERS TO CONGRESS, AND (CONTINUED ON SCHEDULE O) (3) CONDUCTED FOLLOW UP ON RESEARCH ON CAPITAL REQUIREMENTS FOR FINANCIAL INSTITUTIONS, "TOO BIG TO FAIL" AND DUE DILIGENCE IN THE SECURITIZATION INDUSTRY. 787693 1 1 0 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 1 1 1 1 0 MA NY X SHARON LEVESQUE CPA 6174955143 125 MT AUBURN STREET CAMBRIDGE MA 02138 HAL S SCOTT 30.00 X X 342840 0 0 ROBERT GLAUBER 0.50 X 0 0 0 ROBERT GLENN HUBBARD 0.50 X 0 0 0 WILBUR L ROSS JR 0.50 X 0 0 0 JOHN L THORNTON 0.50 X 0 0 0 WILLIAM G PARRETT 0.50 X 0 0 0 SHARON M LEVESQUE 18.00 X 54466 0 0 JENNIFER GRYGIEL 1.00 X 0 0 0 SHARON BAKER MORIN 20.00 X 37917 0 0 435223 0 0 1 0 1 0 0 1567850 1567850 4616 4616 286 286 25882 21584 4298 4298 4298 1577050 0 0 9200 428355 314491 95455 18409 334527 253480 72241 8806 4868 4868 32575 24927 6580 1068 7597 7597 8744 8744 13510 13510 1509 1509 134669 133633 1036 28220 10193 17975 52 32545 32545 36262 15596 13845 6821 1903 1903 LICENSE FEES 28996 28996 1094280 787693 271431 35156 13742 81148 1088498 1494822 5924 21220 9519 6465 4957 3054 30955 31736 1144076 1631980 38253 34576 38253 34576 X 935623 1427204 170200 170200 1105823 1597404 1144076 1631980 X 482770 8811 X X 0 1 1 X 0 X 898000 1288850 1005000 1696050 1567850 6455750 898000 1288850 1005000 1696050 1567850 6455750 2693720 3762030 943 13679 8814 3520 4902 31858 6487608 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 11114 11114 776579 787693 143154 35789 0 0 138820 143154 281974 422961 60025 11114 71139 34705 35789 70494 105741 170200 170200 50000 170200 50000 170200 200000 50000 200000 50000 1.00000 0 0 9519 6465 3054 3054 1577050 1094280 482770 8811 8811 491581 1585861 8811 8811 1577050 0 1577050 1094280 0 1094280 0 1094280 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TEMPORARILY RESTRICTED NET ASSETS ARE TO BE USED FOR RESEARCH AND POLICY ISSUES RELATED TO U.S. CAPITAL MARKETS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION HAS EVALUATED THE TAX POSITIONS TAKEN ON RETURNS FOR OPEN YEARS AND THOSE EXPECTED TO BE TAKEN ON RETURNS FOR THE YEAR ENDED JULY 31, 2011. IT IS MANAGEMENT'S BELIEF THAT SUCH TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. ACCORDINGLY, NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN REFLECTED IN THESE FINANCIAL STATEMENTS. TAX RETURNS FOR TAX YEARS BEGINNING WITH THOSE FILED FOR FISCAL YEAR ENDED JULY 31, 2008 ARE OPEN TO EXAMINATION. X 1 1 X X 0 0 0 0 0 0 0 0 0 HAL S SCOTT 342840 0 0 0 0 0 0 0 0 0 342840 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS PROVIDED FOR HAL S. SCOTT, PRESIDENT, ONLY IN THE CASE OF LONG TRIPS WHERE PRIVACY IS NEEDED FOR WORKING ON CONFIDENTIAL DOCUMENTS, WHEN BUSINESS CLASS TICKETS ARE NOT AVAILABLE, OR A FREE UPGRADE TO FIRST CLASS IS AVAILABLE. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION IS A RELATIVELY SMALL ORGANIZATION AND HAS ONLY 6 BOARD MEMBERS AT ANY ONE TIME. THEREFORE, THERE ARE NO COMMITTEES. THE FULL BOARD ACTS ON ALL MATTERS DURING BOARD MEETINGS AND MINUTES ARE KEPT OF THOSE MEETINGS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED THOROUGHLY BY THE CORPORATION'S OFFICERS BEFORE FILING. A COPY OF THE FORM 990 IS PROVIDED TO AND REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ARTICLE VII OF THE CORPORATION'S BY-LAWS GOVERN CONFLICTS OF INTEREST. THE BY-LAWS DEFINE POTENTIAL CONFLICTS OF INTEREST AND SET OUT THE PROCESS FOR DISCLOSING POTENTIAL CONFLICTS OF INTEREST AND APPROVAL OF CONTRACTS AND TRANSACTIONS INVOLVING POTENTIAL CONFLICTS OF INTEREST. AT WEEKLY STATUS MEETINGS, ALL MAJOR ACTIVITIES OF THE CORPORATION ARE DISCUSSED BY THE CORPORATION'S OFFICERS (THE DIRECTOR/PRESIDENT, DEPUTY DIRECTOR/VICE PRESIDENT, TREASURER AND SECRETARY/ASSISTANT DIRECTOR) AND THE EXECUTIVE DIRECTOR FOR RESEARCH AT WHICH TIME ANY POTENTIAL CONFLICTS OF INTEREST CAN BE IDENTIFIED. IN ADDITION, EACH DIRECTOR AND EACH OFFICER IS REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. POTENTIAL CONFLICTS ARE REVIEWED AND OFFICERS AND DIRECTORS ARE IMMEDIATELY NOTIFIED OF ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT (OFFICERS AND A KEY EMPLOYEE) INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS WHO WERE PROVIDED WITH A REPORT FROM AN INDEPENDENT PROFESSIONAL COMPENSATION CONSULTANT THAT DISCUSSED, INTER ALIA, COMPARABILITY DATA. THE BOARD'S DELIBERATION AND DECISION REGARDING COMPENSATION PACKAGES WERE CONTEMPORANEOUSLY MEMORIALIZED IN THE MINUTES OF THE BOARD MEETING. THE INDEPENDENT PROFESSIONAL COMPENSATION CONSULTANT WAS HIRED TO PROVIDE 2011 COMPENSATION PLANNING INFORMATION AND UPDATES AS APPROPRIATE FOR THE FOLLOWING: HAL S. SCOTT, DIRECTOR AND PRESIDENT ERIC FRASER, EXECUTIVE DIRECTOR FOR RESEARCH SHARON BAKER MORIN, DEPUTY DIRECTOR AND VICE PRESIDENT SHARON LEVESQUE, FINANCIAL OFFICER AND TREASURER JENNIFER GRYGIEL, ASSISTANT DIRECTOR AND SECRETARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, WHICH INCLUDE ITS CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII SHARON M. LEVESQUE - 125 MT AUBURN STREET, CAMBRIDGE, MA 02138. JENNIFER GRYGIEL - 125 MT AUBURN STREET, CAMBRIDGE, MA 02138. ROBERT GLAUBER - 125 MT AUBURN STREET, CAMBRIDGE, MA 02138. ROBERT GLENN HUBBARD - 125 MT AUBURN STREET, CAMBRIDGE, MA 02138. WILBUR L. ROSS JR. - 125 MT AUBURN STREET, CAMBRIDGE, MA 02138. JOHN L. THORNTON - 125 MT AUBURN STREET, CAMBRIDGE, MA 02138. SHARON BAKER MORIN - 125 MT AUBURN STREET, CAMBRIDGE, MA 02138. WILLIAM G. PARRETT - 125 MT AUBURN STREET, CAMBRIDGE, MA 02138. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 8,811. FORM 990, PART XI, LINE 2C: SINCE THE BOARD OF DIRECTORS IS COMPRISED OF ONLY 6 INDIVIDUALS AT ANY ONE TIME, THE FULL BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.