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INDUSTRY STANDARDIZATION FOR INSTITUTIONAL TRADE COMMUNICATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
INDUSTRY STANDARDIZATION FOR INSTITUTIONAL TRADE COMMUNICATION (EIN 22-3605608)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-06-23
IRS object ID
202511749349300316
Schema version
2024v5.1
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

FieldValueIRS element (for citing)
Return2025-06-23T06:44:35-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221427684PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Suplee Clooney and CompanyBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1308 E Broad StAddressLine1Txt
CityWestfieldCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07090ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223605608EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Industry Standardization for Institutional Trade Communication IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlINDUBusinessNameControlTxt
Phone9083591184PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1750 Route 202AddressLine1Txt
CityBridgewaterCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08807ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDannette FlemingPersonNm
Person TitleTreasurerPersonTitleTxt
Phone9083591184PhoneNum
Signature2025-06-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT J BUTVILLAPreparerPersonNm
PTINP00837745PTIN
Phone9087899300PhoneNum
Preparation2025-06-23PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1ISITC INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerDannette FlemingPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1750 Route 202 Suite 200AddressLine1Txt
CityBridgewaterCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08807ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$573,630GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website Addresswww.isitc.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1991FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionPlease see Schedule O for organizations mission and most significant activities.ActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$234,200PYContributionsGrantsAmt
CY Contributions Grants$286,425CYContributionsGrantsAmt
PY Program Service Revenue$266,475PYProgramServiceRevenueAmt
CY Program Service Revenue$259,485CYProgramServiceRevenueAmt
PY Investment Income$29,322PYInvestmentIncomeAmt
CY Investment Income$27,720CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$529,997PYTotalRevenueAmt
CY Total Revenue$573,630CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$611,381PYOtherExpensesAmt
CY Other Expenses$583,847CYOtherExpensesAmt
PY Total Expenses$611,381PYTotalExpensesAmt
CY Total Expenses$583,847CYTotalExpensesAmt
PY Revenues Less Expenses-$81,384PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$10,217CYRevenuesLessExpensesAmt
Total Assets BOY$819,175TotalAssetsBOYAmt
Total Assets EOY$751,335TotalAssetsEOYAmt
Total Liabilities BOY$200,720TotalLiabilitiesBOYAmt
Total Liabilities EOY$143,097TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$618,455NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$608,238NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionPlease see Schedule O for organizations mission and most significant activities.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$504,410ExpenseAmt
DescWith member firms, ISITC develops skills and advances specialized knowledge in the industry through educational conferences and forums. Members network with industry peers to gain insight into best practice solutions to emerging business needs. The Organization distributes current industry information through publications and its website.Desc
Total Program Service Expenses$504,410TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxYes (true)SubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (true)DelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1H&N Management Associates LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9083591184PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1750 Route 202 Suite 200AddressLine1Txt
CityBridgewaterCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08807ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Rich Robinson
Chair2.00Yes (X)Yes (X)$0$0$0
Paul Fullam
Vice Chair2.00Yes (X)Yes (X)$0$0$0
Michael Burg
Second Vice Chair2.00Yes (X)Yes (X)$0$0$0
Charles Mottinger
Treasurer2.00Yes (X)Yes (X)$0$0$0
Ana Lotharius
Secretary2.00Yes (X)Yes (X)$0$0$0
Kristin Hochstein
Immediate Past Chair2.00Yes (X)Yes (X)$0$0$0
Chris Daur
Board Member2.00Yes (X)$0$0$0
Dannette Fleming
Board Member2.00Yes (X)$0$0$0
Steven Gale
Board Member2.00Yes (X)$0$0$0
Lyndon James
Board Member2.00Yes (X)$0$0$0
Aundie Jarvis
Board Member2.00Yes (X)$0$0$0
Dianne O'Boyle
Board Member2.00Yes (X)$0$0$0
Aruna Parthiban
Board Member2.00Yes (X)$0$0$0
Paul Pressier
Board Member2.00Yes (X)$0$0$0
Louis Rosato
Board Member2.00Yes (X)$0$0$0
Denny Umscheid
Board Member2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
H&N Management Associates LLC
750 Route 202 Suite 200BridgewaterNJ08807Management Services$218,500
Marriott International
Renaissance Boston Waterfront HotelBostonMA02210Conference Fees$154,321
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Membership Dues$286,425MembershipDuesAmt
Total Contributions$286,425TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
Conferences and Education813920$229,485$0$0
Annual Sponsorships813920$30,000$0$0
FieldValueIRS element (for citing)
Total Program Service Revenue$259,485TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$27,720TotalRevenueColumnAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$27,720ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$573,630TotalRevenueColumnAmt
Related Or Exempt Func Income$259,485RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$27,720ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$218,500TotalAmt
Program Services$174,800ProgramServicesAmt
Management And General$43,700ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$7,033TotalAmt
Program Services$0ProgramServicesAmt
Management And General$7,033ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$57,988TotalAmt
Program Services$46,390ProgramServicesAmt
Management And General$11,598ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,183TotalAmt
Program Services$0ProgramServicesAmt
Management And General$3,183ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,388TotalAmt
Program Services$1,388ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,988TotalAmt
Program Services$6,390ProgramServicesAmt
Management And General$1,598ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$256,465TotalAmt
Program Services$256,465ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,585TotalAmt
Program Services$3,585ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,180TotalAmt
Program Services$3,344ProgramServicesAmt
Management And General$836ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Licenses and Membership Dues$12,048$12,048$0$0
Bank and Credit Card Fees$11,489$0$11,489$0

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$583,847TotalAmt
Program Services$504,410ProgramServicesAmt
Management And General$79,437ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$114,541BOYAmt
EOY$81,834EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$625,352BOYAmt
EOY$554,385EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$12,421BOYAmt
EOY$4,111EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$66,861BOYAmt
EOY$71,565EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$43,025LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,585LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$39,440EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$819,175BOYAmt
EOY$751,335EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$47,750BOYAmt
EOY$11,372EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$152,970BOYAmt
EOY$131,725EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$200,720BOYAmt
EOY$143,097EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$618,455BOYAmt
EOY$608,238EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$618,455BOYAmt
EOY$608,238EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$819,175BOYAmt
EOY$751,335EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$10,217ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedfalseFSAuditedInd
Audit CommitteefalseAuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues NondedYes (true)SubstantiallyAllDuesNondedInd
Only In House LobbyingfalseOnlyInHouseLobbyingInd
Agree Carryover Prior YearfalseAgreeCarryoverPriorYearInd

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$43,025InvestmentCostOrOtherBasisAmt
Depreciation$3,585DepreciationAmt
Book Value$39,440BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$39,440TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
OtherPart I, line 1 and Part III, line 1 The International Securities Association for Institutional Trade Communication (ISITC) was founded in 1991 by a group of financial industry leaders with the purpose of facilitating straight-through processing (STP) among custodian banks, investment managers, and broker/ dealers. The mission of ISITC is to connect global financial services experts to reduce capital market risk and increase operational efficiencies driving the industry forward.
Pt VI, Line 3ISITC outsources daily administrative operations to an outside management company.
Pt VI, Line 6ISITC is an association which operates to serve a member base.
Pt VI, Line 7aISITC members participate in board elections.
Pt VI, Line 7bChanges to bylaws are subject to member approval.
Pt VI, Line 11bBoard of Directors reviews 990 before filing.
Pt VI, Line 19Governing documents, conflicts of interest policy and financial statements are made available to the public upon request.
Pt VI, Line 12cOfficers, board members and directors at board meetings are required to disclose any conflicts of interest, and a conflict of interest information form is completed annually.