SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC (EIN 32-0178959)
- Tax period
- 2015-11-01 to 2016-10-31
- Filed
- 2017-09-08
- IRS object ID
- 201722519349301357
- Schema version
- 2015v3.0
- 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) |
|---|---|---|
| Return | 2017-09-08T15:55:12-05:00 | ReturnTs |
| Tax Period End | 2016-10-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVE 4TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-11-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 320178959 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Securities Industry and Financial | BusinessNameLine1Txt |
| Business Name Line2 | Markets Association | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % NAM KIM | InCareOfNm |
| Business Name Control | SECU | BusinessNameControlTxt |
| Phone | 2123131371 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 Broadway 35TH FLOOR | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10271 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID KRASNER | PersonNm |
| Person Title | CFO & CAO | PersonTitleTxt |
| Phone | 2123131371 | PhoneNum |
| Signature | 2017-09-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Qi Wen Liang | PreparerPersonNm |
| PTIN | P01270238 | PTIN |
| Phone | 2125990100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KENNETH E BENTSEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 Broadway 35TH FLOOR | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10271 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $66,073,559 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.sifma.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2006 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | SIFMA is the voice of the U.S. securities industry. We represent broker-dealers, banks and asset managers, whose 1 million employees provide access to the capital markets. (Sch O) | ActivityOrMissionDesc |
| Voting Members Governing Body | 41 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 40 | VotingMembersIndependentCnt |
| Total Employee | 175 | TotalEmployeeCnt |
| Total Volunteers | 13121 | TotalVolunteersCnt |
| Total Gross UBI | $26,900 | TotalGrossUBIAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $62,431,309 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $63,253,574 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,510,806 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,454,849 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,410,280 | PYOtherRevenueAmt |
| CY Other Revenue | $1,365,136 | CYOtherRevenueAmt |
| PY Total Revenue | $65,352,395 | PYTotalRevenueAmt |
| CY Total Revenue | $66,073,559 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $492,400 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $713,927 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $35,684,678 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $36,561,391 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $28,367,382 | PYOtherExpensesAmt |
| CY Other Expenses | $26,905,118 | CYOtherExpensesAmt |
| PY Total Expenses | $64,544,460 | PYTotalExpensesAmt |
| CY Total Expenses | $64,180,436 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $807,935 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,893,123 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $67,976,235 | TotalAssetsBOYAmt |
| Total Assets EOY | $67,911,138 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $29,182,017 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $30,781,884 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $38,794,218 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $37,129,254 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SIFMA is the voice of the U.S. securities industry. We represent the broker-dealers, banks and asset managers whose nearly 1 million employees provide access to the capital markets, raising over $2.5 trillion for businesses and municipalities in the U.S., serving clients with over $18.5 trillion in assets and managing more than $67 trillion in assets for individual and institutional clients including mutual funds and retirement plans. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | Continued development and maintenance of best practices that are conducive to efficient conduct of the business and members of the organization: CYBERSECURITY The protection of client assets and information and the ability for markets to function through cyber attacks is a top industry priority. With our members, SIFMA has taken the lead in developing policies and procedures for cyber defense and recovery; advocated for harmonization of regulations arising from multiple regulators; coordinated the development of International Cybersecurity, Data and Technology Principles through our global affiliate, GFMA; and sponsored comprehensive industry testing efforts. Our ultimate goal is to identify vulnerabilities and defensive needs, improve resiliency and information sharing, and develop recovery protocols. Municipal Bond Disclosure The disclosure regime in the municipal securities market differs significantly from that of other product sectors. Due to constraints on its ability to regulate and enforce disclosure requirements on municipal issuers directly, the SEC regulates issuer disclosure indirectly through underwriters and dealers, imposing significant compliance burdens and risks relative to other sectors. In 2014, the SECs Division of Enforcement initiated the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative, an ostensibly voluntary enforcement program. The SEC has completed over 100 enforcement actions against municipal securities underwriters and issuers. In the wake of that experience, SIFMA has undertaken an initiative to identify steps regulators and market participants can take to improve disclosure compliance by municipal issuers. We continue to work with a broad group of stakeholders including issuers, investors, auditors, credit analysts and others on initiatives of common interest related to disclosure. MARKET STRUCTURE The structure of our equity and fixed income markets must be continually evaluated to ensure regulation evolves with the dynamic marketplace, while avoiding any unintended negative consequences. Regulators should recognize the uniqueness, importance and diversity of each market as they contemplate myriad issues, including the implementation of a Consolidated Audit Trail (CAT), the impending move to a T+2 shortened settlement cycle, and contemplated rulemakings related to the U.S. Treasury markets. DOL FIDUCIARY STANDARD The Department of Labors final fiduciary rule, issued in April 2016, will have a dramatic impact on how financial advisors interact with their clients. The rule becomes fully applicable in January 2018, and SIFMA is working with our members on its complicated implementation. Our members feel strongly that the approach taken by the DOL could result in less investor choice and greater cost, at the expense of those it attempts to help. We continue our long support for SEC action to establish a uniform standard or best interest standard for broker-dealers and investment advisers when providing personalized investment advice about securities to retail customers. PROTECTING SENIOR INVESTORS SIFMA is committed to finding solutions that help financial advisors protect their senior clients from exploitation and fraudulent practices. We work actively with industry members, academics, and state and federal policymakers to advance policies, practices, rules, regulations and laws which enhance senior investor protections. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Advocacy for issues of importance to its members: SIFMA brings together the shared interests of hundreds of broker-dealers, banks and asset managers. We advocate in support of effective and resilient capital markets. SIFMA, on behalf of the financial services industry, engages with policymakers and regulators on a state, federal and global level through comment letters, testimony, studies and more. SIFMAs goal is to ensure regulation is effective, balanced and consistent with its intended purpose, appropriately coordinated with other regulators and regulatory regimes, and avoids constraining capital formation and credit availability, or otherwise impeding the functioning of the markets and the individuals they serve. SHORTENED SETTLEMENT CYCLE SIFMA, together with our partners at the Investment Company Institute (ICI) and Depository Trust Clearing Corporation (DTCC), has developed an implementation playbook at the request of the Securities and Exchange Commission for the industry to adopt this monumental undertaking. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Conferences and Seminars SIFMA events foster meaningful conversations about critical issues impacting our financial markets. By providing relevant and lively forums, we bring together industry professionals with leading industry executives and experts, regulators, and policymakers to discuss the most pressing issues facing the capital markets today. In 2016, SIFMA delivered more than 100 in-person and virtual programs for nearly 17,000 industry professionals. In addition, countless roundtables and workshops provided thought leadership, critical industry and policy analysis, continuing education and professional development. SIFMA ANNUAL MEETING At SIFMAs Annual Meeting, financial market professionals gathered with policymakers and regulators to explore how todays business and regulatory environment is impacting the ability of the capital markets to spur economic growth. SIFMA COMPLIANCE & LEGAL SOCIETY ANNUAL SEMINAR SIFMAs C&L Annual Seminar gathered almost 2,000 compliance and legal professionals and regulators for its 48th forum, including more than 65 breakout sessions from more than 100 organizations. These experts covered both core and emerging topics, and provided an opportunity for industry professionals and regulators alike to share their respective expertise and insight with the goal of preserving our capital markets as the most fair, transparent and ethical in the world. PRIVATE CLIENT CONFERENCE For 39 years, SIFMAs annual Private Client Conference has served as North Americas leading event for financial professionals who service the individual investor. The event brings together the top industry leaders to discuss relevant and pressing topics affecting our industry today, while delivering practical strategies to enhance the client experience, help advisors succeed, and operate more effectively. OPERATIONS CONFERENCE & EXHIBITION The trusted resource for broker-dealers and asset managers on the evolution of operations and regulation since 1973, the 43rd annual Operations Conference & Exhibition gathered industry leaders to discuss insights and strategies addressing industry challenges including the Department of Labors fiduciary rule, T+2 implementation, regulatory changes, operational risk, cybersecurity, Blockchain, the Consolidated Audit Trail and more. THE SECURITIES INDUSTRY INSTITUTE The Securities Industry Institute (R)(SII) is an executive education program uniquely tailored to financial services professionals, delivered through SIFMAs partnership with The Wharton School of Business at the University of Pennsylvania. Held on the Wharton campus, participants meet for one week each March to complete required coursework over three consecutive years. High-performance talent is nurtured with forward-thinking, relevant curriculum that delivers long-term impact; the highest standards of integrity, ethics and professional excellence; and tremendous networking opportunities. Graduates of SII have advanced to increasingly higher levels of management and leadership within their firms and the industry. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (true) | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 180 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 175 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 41 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 40 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NAM KIM | PersonNm |
| Phone | 2123131371 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 BROADWAY 35TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10271 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (64 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| JOHN FW ROGERS | ||||||||
| CHAIRMAN OF THE BOARD | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| TIMOTHY C SCHEVE | ||||||||
| CHAIR-ELECT | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LISA KIDD HUNT | ||||||||
| VICE CHAIR | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| GERARD MCGRAW | ||||||||
| TREASURER | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JAMES R ALLEN | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DAN ARNOLD | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| BARRY BAUSANO | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| CURT BRADBURY JR | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| VALERIE G BROWN | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM C CACCAMISE | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL B COLEMAN | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL CROWL | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| LISA DOLLY | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| ANDEW S DUFF | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JOHN ETTELSON | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DAVID FINDLAY | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| CATHERINE FLAX | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| KIM TILLOTSON FLEMING | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| SUNI HARFORD | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| TIM HOCKEY | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DOUGLAS M HODGE | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM A JOHNSTONE | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JAMES B KELLIGREW JR | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| ANDREW KOMAROFF | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| RONALD J KRUSZEWSKI | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| BRAND MEYER | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| ROGER OCHS | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| SANDRA O'CONNOR | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DAVID ORNSTEIN | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| EDWARD PICK | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| PAUL E PURCELL | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| PAUL REILLY | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| SUZANNE SHANK | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| PAUL STEVELMAN | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JOSEPH E SWEENEY | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JAMES A TRICARICO JR | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JOHN ADAMS VACCARO | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JAMES WALLIN | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| LEWIS H WIRSHBA | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| W RUFUS YATES | ||||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| FRANCOIS O BARTHELEMY | ||||||||
| DIRECTOR (THRU 11/2015) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DAVID L BRUNNER | ||||||||
| DIRECTOR (THRU 02/2016) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| KENNETH D GIBBS | ||||||||
| DIRECTOR (THRU 11/2015) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS HARNETT | ||||||||
| DIRECTOR (THRU 01/2016) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| TIMOTHY P O'HARA | ||||||||
| DIRECTOR (THRU 09/2016) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD B PAYNE JR | ||||||||
| DIRECTOR (THRU 03/2016) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| KAREN B PEETZ | ||||||||
| DIRECTOR (THRU 07/2016) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JIM ROSENTHAL | ||||||||
| DIRECTOR (THRU 11/2015) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JOHN G TAFT | ||||||||
| DIRECTOR (THRU 11/2015) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| KEIKO TASHIRO | ||||||||
| DIRECTOR (THRU 03/2016) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| FREDERICK TOMCZYK | ||||||||
| DIRECTOR (THRU 09/2016) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| GEORGE WALKER | ||||||||
| DIRECTOR (THRU 07/2016) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| KENNETH E BENTSEN JR | ||||||||
| PRESIDENT AND CEO | 40.0 | 0.0 | Yes (X) | Yes (X) | $2,242,560 | $0 | $71,989 | |
| RANDOLPH C SNOOK | ||||||||
| EXECUTIVE VICE PRESIDENT | 40.0 | 0.0 | Yes (X) | $1,029,676 | $0 | $67,043 | ||
| IRA D HAMMERMAN | ||||||||
| EVP AND GENERAL COUNSEL, SECRE | 40.0 | 0.0 | Yes (X) | $925,026 | $0 | $88,274 | ||
| CHERYL L CRISPEN | ||||||||
| EXECUTIVE VICE PRESIDENT | 40.0 | 0.0 | Yes (X) | $536,308 | $0 | $38,810 | ||
| ANDY BLOCKER | ||||||||
| EXECUTIVE VICE PRESIDENT | 40.0 | 0.0 | Yes (X) | $682,808 | $0 | $74,374 | ||
| DAVID B KRASNER | ||||||||
| CFO & CAO | 40.0 | 0.0 | Yes (X) | $633,880 | $0 | $73,990 | ||
| SALVATORE CHIARELLI | ||||||||
| MANAGING DIRECTOR | 40.0 | 0.0 | Yes (X) | $292,851 | $0 | $47,376 | ||
| TIMOTHY W CAMERON | ||||||||
| MANAGING DIRECTOR, AMG | 40.0 | 0.0 | $585,872 | $0 | $72,524 | Yes (X) | ||
| KEVIN CARROLL | ||||||||
| MANAGING DIRECTOR | 40.0 | 0.0 | $444,384 | $0 | $37,588 | Yes (X) | ||
| MICHAEL B DECKER | ||||||||
| MANAGING DIRECTOR | 40.0 | 0.0 | $484,599 | $0 | $76,593 | Yes (X) | ||
| CARTER K MCDOWELL | ||||||||
| MD, ASSOCIATE GEN COUNSEL | 40.0 | 0.0 | $486,730 | $0 | $65,001 | Yes (X) | ||
| ROBERT TOOMEY | ||||||||
| MANAGING DIRECTOR | 40.0 | 0.0 | $449,725 | $0 | $72,681 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $8,794,419 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $786,243 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 84 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CLEARY GOTTLIEB STEEN HAMILTON LL | |||||
| ONE LIBERTY PLAZA | NEW YORK | NY | 10006 | LEGAL | $851,136 |
| TRUSTEES UNIV OF PENNSYLVANIA | |||||
| 255 S 38TH STREET | PHILADELPHIA | PA | 19104 | CONFERENCES | $794,508 |
| DAVIS POLK WARDWELL LLP | |||||
| 450 LEXINGTON AVENUE | NEW YORK | NY | 10017 | LEGAL | $665,553 |
| ERNST YOUNG | |||||
| PO BOX 640382 | PITTSBURGH | PA | 152640382 | CONSULTING | $565,639 |
| SIDLEY AUSTIN LLP | |||||
| PO BOX 0642 | CHICAGO | IL | 60690 | LEGAL | $510,479 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 26 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| MEMBER DUES | 541900 | $47,191,969 | $47,191,969 | |
| CONFERENCES | 541900 | $15,939,067 | $15,918,617 | $20,450 |
| PUBLICATION SALES | 900099 | $122,538 | $116,088 | $6,450 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $63,253,574 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,454,849 | TotalRevenueColumnAmt |
| Exclusion | $1,454,849 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $119,733 | TotalRevenueColumnAmt |
| Exclusion | $119,733 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| SHARED SERVICE AGREEMENT | 561000 | $1,143,001 | $1,143,001 |
| MISCELLANEOUS REVENUE | 900099 | $102,402 | $102,402 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,245,403 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $66,073,559 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $63,226,674 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $26,900 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,819,985 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $713,927 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,842,771 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,992,682 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,625,980 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,718,824 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,381,134 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $181,885 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,106,364 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $177,348 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,500,892 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,405 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,112,230 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,333,461 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $655,106 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,586,844 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,645,254 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,085,648 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,089,028 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SUBSCRIPTION AND BOOKS | $525,044 | $0 | $0 | $0 |
| BANK CHARGES & CC PROCESSING | $281,544 | $0 | $0 | $0 |
| PRINTING | $260,576 | $0 | $0 | $0 |
| DUES & REGISTRATION | $211,142 | $0 | $0 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,347 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,180,436 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,327,546 | BOYAmt |
| EOY | $1,778,565 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,005,739 | BOYAmt |
| EOY | $19,071,377 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $220,898 | BOYAmt |
| EOY | $38,032 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,114,207 | BOYAmt |
| EOY | $3,798,520 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $29,993,654 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $20,760,580 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,841,086 | BOYAmt |
| EOY | $9,233,074 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,007,032 | BOYAmt |
| EOY | $32,948,350 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,459,727 | BOYAmt |
| EOY | $1,043,220 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,976,235 | BOYAmt |
| EOY | $67,911,138 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,515,050 | BOYAmt |
| EOY | $11,574,238 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,152,806 | BOYAmt |
| EOY | $2,823,599 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,275,882 | BOYAmt |
| EOY | $1,347,036 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,238,279 | BOYAmt |
| EOY | $15,037,011 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,182,017 | BOYAmt |
| EOY | $30,781,884 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,794,218 | BOYAmt |
| EOY | $37,129,254 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,794,218 | BOYAmt |
| EOY | $37,129,254 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,976,235 | BOYAmt |
| EOY | $67,911,138 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,893,123 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$489,489 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$3,068,598 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbyingGrp | |
| Total Direct Lobbying | TotalDirectLobbyingGrp | |
| Total Lobbying Expend | TotalLobbyingExpendGrp | |
| Other Exempt Purpose Expend | OtherExemptPurposeExpendGrp | |
| Total Exempt Purpose Expend | TotalExemptPurposeExpendGrp | |
| Lobbying Nontaxable Amount | LobbyingNontaxableAmountGrp | |
| Grassroots Nontaxable | GrassrootsNontaxableGrp | |
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp | |
| Substantially All Dues Nonded | false | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | false | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | false | AgreeCarryoverPriorYearInd |
| Dues Assessments | $47,191,969 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $6,555,582 | NonDeductibleLbbyngPltclCYAmt |
| Non Deductible Lbbyng Pltcl Tot | $6,555,582 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $7,078,795 | AggregateReportedDuesNtcAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Land | LandGrp | |
| Buildings | BuildingsGrp |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,593,770 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,256,234 | DepreciationAmt |
| Book Value | $8,337,536 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,399,884 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,504,346 | DepreciationAmt |
| Book Value | $895,538 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildingsGrp | |
| Total Book Value Land Buildings | $9,233,074 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| EMPLOYEE BENEFITS PAYABLE | $10,037,103 |
| DEFERRED RENT & CONSTR. ALLOWANCES | $4,999,908 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $15,037,011 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $65,642,191 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$489,489 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$489,489 | RevenueNotReportedAmt |
| Revenue Subtotal | $66,131,680 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | -$58,121 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | -$58,121 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $66,073,559 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $67,307,155 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $3,068,598 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $3,068,598 | ExpensesNotReportedAmt |
| Expenses Subtotal | $64,238,557 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | -$58,121 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | -$58,121 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $64,180,436 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV | Custodial Arrangements In order to finance certain member driven projects that are beyond SIFMA's operating budget resources and which impact only a subset of members, SIFMA syndicates out such project cost to participating member firms. The 3rd party project cost (and associated member reimbursement) is maintained within the SIFMA balance sheet. In 2016, the syndicated funds collected from members and disbursed for such special projects totaled $2,128,324 and $2,057,170, respectively. |
| Part X | FIN 48 The association follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The Association is exempt from federal income tax under IRC section 501(c)(6), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The Association has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The tax years ending October 31, 2013, 2014, 2015, and 2016 are still open for audit for both federal and state purposes. The Association has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. |
| Part XII, Line 2d | Post-retirement related changes other than Net periodic post post-retirement benefit cost $2,900,481 Membership dues reserve $168,117 ------------ Total other changes: $3,068,598 ============ |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (21 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| SCHOLARSHIP AMERICA | ||||||||
| 226 W NASSAU STREET | ST PETER | MN | 56082 | 042296967 | 501(c)(3) | $17,950 | PROGRAM SUPPORT | |
| THE BARUCH COLLEGE FUND | ||||||||
| 1 BERNARD BARUCH WAY | NEW YORK | NY | 10010 | 131988190 | 501(c)(3) | $10,000 | PROGRAM SUPPORT | |
| NCSL FOUNDATION FOR STATE LEGISLATURES | ||||||||
| 7700 EAST FIRST PLACE | DENVER | CO | 80230 | 742232576 | 501(c)(3) | $7,500 | PROGRAM SUPPORT | |
| AMERICAN COUNCIL FOR CAPITAL FORMATION | ||||||||
| 1001 CONNECTICUT AVE | WASHINGTON | DC | 20036 | 521266620 | 501(c)(6) | $25,000 | PROGRAM SUPPORT | |
| COMMITTEE ON CAPITAL MARKETS REGULATION INC | ||||||||
| 125 MT AUBURN ST | CAMBRIDGE | MA | 02138 | 300406260 | 501(c)(3) | $50,000 | PROGRAM SUPPORT | |
| NEW YORK LAW SCHOOL | ||||||||
| 185 WEST BROADWAY | NEW YORK | NY | 10013 | 135645885 | 501(c)(3) | $10,000 | PROGRAM SUPPORT | SUITE 400 |
| SEC HISTORICAL SOCIETY | ||||||||
| 1101 PENNSYLVANIA AVE | WASHINGTON | DC | 20004 | 522213646 | 501(c)(3) | $10,000 | PROGRAM SUPPORT | |
| WOMEN'S INSTITUTE FOR A SECURE RETIREMENT | ||||||||
| 1140 19TH STREET | WASHINGTON | DC | 20036 | 521405988 | 501(c)(3) | $20,000 | PROGRAM SUPPORT | |
| CONCERTS FOR A CAUSE | ||||||||
| 718 7TH STREET NW | WASHINGTON | DC | 20001 | 471552404 | $10,000 | PROGRAM SUPPORT | ||
| PREVENT CANCER FOUNDATION | ||||||||
| 1600 DUKE STREET | ALEXANDRIA | VA | 22314 | 741774063 | 501(c)(3) | $7,000 | PROGRAM SUPPORT | |
| NAPSA | ||||||||
| PO BOX 96503 | WASHINGTON | DC | 20090 | 300044497 | 501(c)(3) | $25,000 | PROGRAM SUPPORT | |
| THE CLEVELAND DEVELOPMENT FOUNDATION | ||||||||
| 1240 HURON ROAD E | CLEVELAND | OH | 44115 | 530204610 | 501(c)(3) | $10,000 | PROGRAM SUPPORT | |
| FORMER MEMBERS OF CONGRESS INC | ||||||||
| 1401 K STREET | WASHINGTON | DC | 20005 | 136122376 | 501(c)(3) | $6,000 | PROGRAM SUPPORT | |
| UNITED STATES CAPITOL HISTORICAL SOCIETY | ||||||||
| 200 MARYLAND AVE NE | WASHINGTON | DC | 20002 | 520796820 | 501(c)(3) | $10,000 | PROGRAM SUPPORT | |
| WASHINGTON TENNIS & EDUCATION FOUNDATION | ||||||||
| 16TH AND KENNEDY ST | WASHINGTON | DC | 20011 | 521914894 | 501(c)(3) | $6,000 | PROGRAM SUPPORT | |
| THIRD WAY | ||||||||
| 1025 CONNECTICUT NW501 | WASHINGTON | DC | 20036 | 201734070 | 501(c)(4) | $82,500 | PROGRAM SUPPORT | |
| THE BROOKINGS INSTITUTION | ||||||||
| 1775 MA Ave | WASHINGTON | DC | 20036 | 530196577 | 501(c)(3) | $100,000 | PROGRAM SUPPORT | |
| AMERICAN ACTION FORUM | ||||||||
| 1747 Pennsylvania Ave | Washington | DC | 20006 | 270567765 | 501(c)(3) | $35,000 | PROGRAM SUPPORT | |
| Bipartisan Policy Center | ||||||||
| 1225 Eye Street NW | Washington | DC | 20005 | 731628382 | 501(c)(3) | $180,000 | PROGRAM SUPPORT | |
| THE RIPON SOCIETY | ||||||||
| 1155 15th Street NW | Washington | DC | 20005 | 042340356 | 501(c)(4) | $25,000 | PROGRAM SUPPORT | |
| SIFMA Foundation for Investor Education Inc | ||||||||
| 120 Broadway 35th Floor | New York | NY | 10271 | 521087193 | $35,000 | PROGRAM SUPPORT | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 17 | Total501c3OrgCnt |
| Total Other Org | 4 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | Grant monitoring SIFMA provides support to charitable organizations to help those organizations further their exempt programs. SIFMA is not a grant making organization but will occasionally award a grant to organizations in support of a project that aligns itself with SIFMA's mission of promoting and supporting a strong financial industry. SIFMA maintains in its records the acknowledgment letter from the recipient organization and any follow up reports on the use of grant funds. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KENNETH E BENTSEN JR | ||||||||||||||
| PRESIDENT AND CEO | $1,488,948 | $0 | $750,000 | $0 | $3,612 | $0 | $31,800 | $0 | $40,189 | $0 | $2,314,549 | $0 | $0 | $0 |
| RANDOLPH C SNOOK | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $656,064 | $0 | $370,000 | $0 | $3,612 | $0 | $33,969 | $0 | $33,074 | $0 | $1,096,719 | $0 | $0 | $0 |
| IRA D HAMMERMAN | ||||||||||||||
| EVP AND GENERAL COUNSEL, SECRE | $578,414 | $0 | $325,000 | $0 | $21,612 | $0 | $47,550 | $0 | $40,724 | $0 | $1,013,300 | $0 | $0 | $0 |
| CHERYL L CRISPEN | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $361,876 | $0 | $172,500 | $0 | $1,932 | $0 | $31,800 | $0 | $7,010 | $0 | $575,118 | $0 | $0 | $0 |
| ANDY BLOCKER | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $536,548 | $0 | $145,000 | $0 | $1,260 | $0 | $31,800 | $0 | $42,574 | $0 | $757,182 | $0 | $0 | $0 |
| DAVID B KRASNER | ||||||||||||||
| CFO & CAO | $396,948 | $0 | $235,000 | $0 | $1,932 | $0 | $31,800 | $0 | $42,190 | $0 | $707,870 | $0 | $0 | $0 |
| SALVATORE CHIARELLI | ||||||||||||||
| MANAGING DIRECTOR | $191,591 | $0 | $100,000 | $0 | $1,260 | $0 | $31,800 | $0 | $15,576 | $0 | $340,227 | $0 | $0 | $0 |
| TIMOTHY W CAMERON | ||||||||||||||
| MANAGING DIRECTOR, AMG | $422,260 | $0 | $160,000 | $0 | $3,612 | $0 | $31,800 | $0 | $40,724 | $0 | $658,396 | $0 | $0 | $0 |
| KEVIN CARROLL | ||||||||||||||
| MANAGING DIRECTOR | $328,124 | $0 | $115,000 | $0 | $1,260 | $0 | $31,800 | $0 | $5,788 | $0 | $481,972 | $0 | $0 | $0 |
| MICHAEL B DECKER | ||||||||||||||
| MANAGING DIRECTOR | $357,667 | $0 | $125,000 | $0 | $1,932 | $0 | $33,969 | $0 | $42,624 | $0 | $561,192 | $0 | $0 | $0 |
| CARTER K MCDOWELL | ||||||||||||||
| MD, ASSOCIATE GEN COUNSEL | $408,118 | $0 | $75,000 | $0 | $3,612 | $0 | $31,800 | $0 | $33,201 | $0 | $551,731 | $0 | $0 | $0 |
| ROBERT TOOMEY | ||||||||||||||
| MANAGING DIRECTOR | $331,113 | $0 | $115,000 | $0 | $3,612 | $0 | $33,969 | $0 | $38,712 | $0 | $522,406 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | Per the employment contract, SIFMA provided first class air travel when traveling for SIFMA business for Kenneth E. Bentsen, Jr., President and CEO. The first-class air travel was excluded from taxable compensation on the individual's form W-2 because it was incurred for business reasons. |
| Part I, Line 4B | EVP and General Counsel participates in a 457(f) plan and a 457(b) plan. He received a taxable payment of $18,000 as part of the 457(b) plan included in his W-2, and SIFMA contributed $15,750 into the 457(f) Plan during calendar year 2015. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 6 | The number of volunteers was derived from SIFMA committee participants per the membership data base. |
| Part III, Line 4d | Continued serving as a source of market information, including statistics on many facets of the market place and publishing research reports, trade newsletters and other periodicals and books. |
| Part VI, Section A, Line 6 | SIFMA is a membership organization with the following classes of membership: Broker-Dealer Members and Asset Manager Members Each Broker-Dealer Member and Asset Manager Member shall be entitled to vote with respect to the election of Directors and other matters as may be submitted at any annual or other meeting of Members entitled to vote. Associate Members Associate Members shall not be entitled to vote with respect to the election of Directors and other matters as may be submitted at any annual or other meeting of Members entitled to vote, and shall not be eligible to serve as Directors of the Association. |
| Part VI, Section B, Line 11a | 990 REVIEW PROCESS The Accounting department of the Organization prepares the Form 990 based on audited financial information. The draft Form 990 is then reviewed by management and an external independent accounting firm. The Audit and Finance Committee will review the final draft signed off by the external independent tax accountant. This review will be noted as an agenda item at an Audit and Finance Committee meeting and will be duly noted in the minutes. The Form 990 will be provided to all voting members of the Board of Trustees prior to submission to the IRS. |
| Part VI, Section B, Line 12c | CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT Any employee in a position where his or her objectivity may be questioned because of an individual interest or family or personal relationship is required to notify the General Counsel. Similarly, any employee aware of any transaction or relationship that could reasonably be expected to give rise to a personal conflict of interest is required to discuss the matter promptly with the General Counsel. In addition, once every year, directors, officers, key employees, and all the employees of SIFMA are required to review a copy of the Conflict of Interest Policy and to acknowledge in writing that he or she is compliant. |
| Part VI, Section B, Line 15 | PROCESS FOR DETERMINING COMPENSATION The executive committee and the board acting as compensation committee hire consultants to review comparable packages for any new incoming CEO and officers. The consultant presents data for comparable positions both locally and nationally and the board's executive committee makes the final decision for the salary package. Currently, the CEO has an employment contract which was approved by the executive committee and the board, governing annual salary increase and any bonus payments. For the remaining senior officers, the annual salary increase and bonus payments are determined by the annual evaluation process which must be approved by the board's compensation committee. |
| Part VI, Section C, Line 19 | AVAILABILITY OF DOCUMENTS Any request for governing documents, conflict of interest policy, and financial statements will be provided upon request at management's discretion. |
| Part XI, Line 9 | Post-retirement related changes other than Net periodic post-retirement benefit cost $(2,900,481) Membership dues reserve $(168,117) -------------- Total other changes: $(3,068,598) ============== |