NATIONAL FUTURES ASSOCIATION: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL FUTURES ASSOCIATION (EIN 36-2960981)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2015-11-12
- IRS object ID
- 201523169349302962
- Schema version
- 2014v5.0
- 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 | 2015-11-12T12:09:03-06:00 | ReturnTs |
| Tax Period End | 2015-06-30 | 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 | 171 N CLARK ST SUITE 200 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362960981 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | National Futures Association | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % DAVID HAWRYSZ | InCareOfNm |
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 3127811300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 S RIVERSIDE PLAZA | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606066615 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID HAWRYSZ | PersonNm |
| Person Title | SR VP, CFO, Treasurer | PersonTitleTxt |
| Phone | 3127811300 | PhoneNum |
| Signature | 2015-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Bridget T Roche | PreparerPersonNm |
| PTIN | P00666837 | PTIN |
| Phone | 3128560200 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | David Hawrysz | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 S RIVERSIDE PLAZA | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $92,519,231 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.nfa.futures.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1978 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | the national futures association (nfa) IS A MEMBERSHIP ORGANIZATION FORMED TO MONITOR AND MAINTAIN THE INTEGRITY OF THE DERIVATIVES TRADING INDUSTRY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 35 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 35 | VotingMembersIndependentCnt |
| Total Employee | 575 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $109,351,158 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $91,895,712 | CYProgramServiceRevenueAmt |
| PY Investment Income | $391,869 | PYInvestmentIncomeAmt |
| CY Investment Income | $623,519 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $109,743,027 | PYTotalRevenueAmt |
| CY Total Revenue | $92,519,231 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $51,261,323 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $57,425,967 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $18,106,346 | PYOtherExpensesAmt |
| CY Other Expenses | $19,221,898 | CYOtherExpensesAmt |
| PY Total Expenses | $69,367,669 | PYTotalExpensesAmt |
| CY Total Expenses | $76,647,865 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $40,375,358 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $15,871,366 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $127,373,410 | TotalAssetsBOYAmt |
| Total Assets EOY | $138,917,933 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $28,457,919 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $23,841,137 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $98,915,491 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $115,076,796 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | AS A CONGRESSIONALLY AUTHORIZED SELF-REGULATORY ORGANIZATION, NFA'S MISSION IS TO PROVIDE INNOVATIVE REGULATORY AND OTHER SERVICES THAT ENSURE DERIVATIVES INDUSTRY INTEGRITY, PROTECT MARKET PARTICIPANTS AND HELP MEMBERS MEET THEIR REGULATORY RESPONSIBILITIES. NFA STRIVES TO BE THE MODEL FOR REGULATORY ORGANIZATIONS BY PROVIDING THE MOST EFFICIENT AND EFFECTIVE REGULATORY ENVIRONMENT POSSIBLE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | National Futures Association has been designated by the Commodity Futures Trading Commission as a registered futures association. NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the derivatives markets. NFA is mostly financed with funds derived from membership dues and fees, and from assessments paid by Members and users of the derivatives markets. Enforcement Actions Enforcement of NFA rules is critical to the effectiveness of the self-regulatory process. In the past fiscal year: * NFA's Executive Committee issued four Member responsibility actions/associate responsibility actions to take emergency action to protect investors. * NFA's Business Conduct Committee issued 37 Complaints against 67 respondents. Of these Complaints, a number were brought against firms for failing to establish and appropriately apply methodologies for allocating bunched orders and for not maintaining adequate and verifiable audit trails for allocations of bunched orders. NFA also issued Complaints against firms that employed trading strategies designed to generate large commissions for the firms but made little or no financial sense for customers. In addition, NFA issued several Complaints against commodity pool operators who received loans or advances from pools that they operated. * NFA's disciplinary panels issued 39 Decisions, and ordered 20 expulsions and eight suspensions. * NFA collected approximately $2.5 million in fines. NFA continued its longtime participation in regular meetings of the U.S. Department of Justice's Securities and Commodities Fraud Working Group and local enforcement liaison meetings with the U.S. Attorney's Office, Federal Bureau of Investigations, U.S. Postal Inspector's Office, CFTC regional office, and the Illinois Department of Securities. Over the years, NFA's work with these agencies has resulted in a number of criminal prosecutions. In the past year alone, prison sentences of up to 20 years were handed out in seven cases that were a direct result of NFA's investigation efforts. Cyber Security NFA developed guidance requiring Members to adopt and enforce procedures to secure both customer data and access to their electronic systems. The Interpretive Notice relating to Information Systems Security Procedures requires every Member to adopt and implement an information systems security program. NFA sets general standards for this implementation rather than requiring specific technology. To ensure that NFA Members understand their regulatory obligations in this area, NFA will provide a number of educational resources and work with Members who need additional guidance to help them adopt and enforce information security programs. Member Education Providing education to help Members meet their regulatory responsibilities Workshops NFA staff led eight Member education programs in the United States and London. The goal of these conferences was to meet with Members in-person to discuss the latest regulatory trends and rules affecting them, provide guidance, and answer any questions they may have. The conference topics included the current regulatory state of the industry, NFA's examination process, performance reporting, and financial reporting requirements. Board Update videos In 2015, NFA began producing videos after each quarterly Board meeting to keep NFA Members apprised of the important topics discussed by NFA's Board. In these videos, NFA Chairman Christopher Hehmeyer and President Daniel Roth discuss highlights and other notable information from Board meetings. Town hall webinar NFA conducted a town hall webinar for Members in March 2015. NFA responded to questions submitted by Member participants. In total, nearly 300 individuals attended this webinar. Adjusting the Examination Program for FCMs The CFTC amended CFTC Regulation 1.52 to provide, in part, that self-regulatory organization examination programs for futures commission merchants must meet the Public Company Accounting Oversight Board's standards, as applicable. Throughout the year, NFA worked with the CME Group to develop recommendations on the applicable standards for the CFTC's review, and modified the FCM examination programs to comply with the applicable PCAOB standards. Swap Regulation NFA began examinations of swap dealers, and focused on these firms' compliance infrastructures. NFA also continued to send feedback letters to swap dealers relating to their policies and procedures covering the areas in the Section 4s Implementing Regulations under the Commodity Exchange Act. NFA worked closely with NFA Members as these firms responded to feedback on their policies and procedures. NFA also collaborated with the CFTC as CFTC staff members provided feedback from their review of the submissions. System Rebuilds Online Registration System To improve Members' experience with NFA's online tools, NFA is advancing the technology that drives its Online Registration System. ORS, originally launched in 2002, is a web-based application that allows firms and individuals to register with the CFTC and apply for NFA membership. To improve ORS' functionality, NFA developed a plan to rebuild ORS, modernizing the system's underlying web technology and improving user experience. FACTS Since originally introduced, NFA's FACTS system has been NFA's primary analytical system used to monitor a number of regulatory requirements. Today, FACTS is the cornerstone application for both futures and swaps compliance. This multi-year rebuild began in Fiscal Year 2015, and will expand FACTS' reach and enhance the depth and quality of its analysis. These advanced technological solutions help NFA continue to operate as an effective and efficient regulator. | Desc |
| 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 | false | 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 | Yes (true) | 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 | false | 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 | 108 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 575 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| 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 | 35 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 35 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | 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 |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID HAWRYSZ | PersonNm |
| Phone | 3127811300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 SOUTH RIVERSIDE PLAZA SUITE 18 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (53 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Christopher Hehmeyer | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $16,000 | $0 | $0 | ||
| Paul Georgy | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $8,000 | $0 | $0 | ||
| Douglas Bry | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $16,000 | $0 | $0 | ||
| Ernest Jaffarian | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $8,000 | $0 | $0 | ||
| Gerald Corcoran | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $16,000 | $0 | $0 | ||
| Scott Cordes | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $8,000 | $0 | $0 | ||
| Maureen Downs | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $8,000 | $0 | $0 | ||
| Leo Melamed | ||||||||
| Special Policy Advisor | 1.0 | 0.0 | Yes (X) | $8,000 | $0 | $0 | ||
| Michael Dawley | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $12,000 | $0 | $0 | ||
| Douglas Harris | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $44,500 | $0 | $0 | ||
| Ronald Filler | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $37,500 | $0 | $0 | ||
| Charles Nastro | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $26,850 | $0 | $0 | ||
| Ronald Oppenheimer | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $37,500 | $0 | $0 | ||
| Todd Petzel | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $40,000 | $0 | $0 | ||
| Susan Phillips | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $25,000 | $0 | $0 | ||
| Mark Bagan | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $8,000 | $0 | $0 | ||
| David Goone | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $16,000 | $0 | $0 | ||
| John Sandner | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $16,000 | $0 | $0 | ||
| William McCoy | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Antonio Babule | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| James Koutoulas | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $16,000 | $0 | $0 | ||
| John Roe | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $8,000 | $0 | $0 | ||
| Jeffrey Malec | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $8,000 | $0 | $0 | ||
| Antoine Babule | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $6,000 | $0 | $0 | ||
| Robert Burke | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Philip Olesen | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Charlotte McLaughlin | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Don Thompson | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Andrea Corcoran | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $20,000 | $0 | $0 | ||
| Michael Schaefer | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $21,000 | $0 | $0 | ||
| Jill Sommers | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $15,000 | $0 | $0 | ||
| Oliver Jakob | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $1,000 | $0 | $0 | ||
| Martin Nance | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $6,000 | $0 | $0 | ||
| Sheryl Wallace | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $2,000 | $0 | $0 | ||
| Adam Cooper | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $2,000 | $0 | $0 | ||
| Jim Marshall | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $22,000 | $0 | $0 | ||
| Michael Moskow | ||||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $37,500 | $0 | $0 | ||
| Daniel Roth | ||||||||
| President and CEO | 40.0 | 0.0 | $746,081 | $0 | $74,015 | Yes (X) | ||
| Daniel Driscoll | ||||||||
| Exec VP and COO | 40.0 | 0.0 | $525,171 | $0 | $75,209 | Yes (X) | ||
| Thomas Sexton | ||||||||
| Senior VP and Secretary | 40.0 | 0.0 | $489,377 | $0 | $142,680 | Yes (X) | ||
| Regina Thoele | ||||||||
| Senior VP | 40.0 | 0.0 | $468,765 | $0 | $72,710 | Yes (X) | ||
| Karen Wuertz | ||||||||
| Senior VP | 40.0 | 0.0 | $339,266 | $0 | $76,041 | Yes (X) | ||
| David Hawrysz | ||||||||
| Sr. VP, CFO and Treasurer | 40.0 | 0.0 | $357,150 | $0 | $109,744 | Yes (X) | ||
| Gregory Prusik | ||||||||
| Vice President | 40.0 | 0.0 | $89,899 | $0 | $45,610 | Yes (X) | ||
| Edward Dasso | ||||||||
| Vice President | 40.0 | 0.0 | $439,533 | $0 | $73,998 | Yes (X) | ||
| Jamila Piracci | ||||||||
| Vice President | 40.0 | 0.0 | $413,371 | $0 | $76,881 | Yes (X) | ||
| Yvette Christman | ||||||||
| Vice President | 40.0 | 0.0 | $144,216 | $0 | $29,360 | Yes (X) | ||
| Timothy McHenry | ||||||||
| Vice President | 40.0 | 0.0 | $258,015 | $0 | $65,717 | Yes (X) | ||
| Carol Wooding | ||||||||
| Associate General Counsel | 40.0 | 0.0 | $265,692 | $0 | $60,483 | Yes (X) | ||
| Michael Crowley | ||||||||
| Associate General Counsel | 40.0 | 0.0 | $258,375 | $0 | $56,278 | Yes (X) | ||
| David Mengle | ||||||||
| Senior Risk Advisor, Swaps | 40.0 | 0.0 | $268,433 | $0 | $61,879 | Yes (X) | ||
| Shuna Awong | ||||||||
| Director | 40.0 | 0.0 | $234,826 | $0 | $48,417 | Yes (X) | ||
| Steven Earl | ||||||||
| Managing Director | 40.0 | 0.0 | $221,221 | $0 | $53,325 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,035,241 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,122,347 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 124 | 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 |
|---|---|---|---|---|---|
| South Riverside Building LLC | |||||
| 300 South Riverside Plaza | CHICAGO | IL | 60606 | Rent | $2,099,720 |
| CDW Direct LLC | |||||
| 200 North Milwaukee Avenue | VERNON HILLS | IL | 60061 | Technology | $1,250,272 |
| Clune Construction Company | |||||
| 405 Lexington Avenue 27th Floor | NEW YORK | NY | 10174 | Construction | $450,345 |
| Skadden Arps Slate Meagher Flo | |||||
| 1440 New York Avenue NW | WASHINGTON | DC | 20005 | Legal | $330,423 |
| Dell Marketing LP | |||||
| 1 Dell Way | ROUND ROCK | TX | 78682 | Technology | $284,835 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 13 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP DUES | 900099 | $43,693,134 | $43,693,134 |
| ASSESSMENT FEES & MARKET SERVICE REV | 900099 | $43,593,919 | $43,593,919 |
| REGULATORY FINES | 900099 | $2,595,000 | $2,595,000 |
| REGISTRATION & TESTING FEES | 900099 | $1,447,663 | $1,447,663 |
| ARBITRATION REVENUE | 900099 | $48,897 | $48,897 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $517,099 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $517,099 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $91,895,712 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $623,519 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $623,519 | 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 | $0 | TotalRevenueColumnAmt |
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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $92,519,231 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $91,895,712 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $623,519 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
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 | $4,811,091 | TotalAmt |
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 | $38,882,774 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,246,801 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,395,862 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,089,439 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,106,300 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,598 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
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 | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,361,103 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,440 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,001,979 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,958,825 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,388,592 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,086,588 | TotalAmt |
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 | $159,902 | TotalAmt |
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 | $6,074,577 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| EDUCATION AND RECRUITMENT | $822,744 | $0 | $0 | $0 |
| DUES AND SUBSCRIPTIONS | $222,250 | $0 | $0 | $0 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,647,865 | 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 | $48,334,233 | BOYAmt |
| EOY | $57,226,266 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | 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 | $4,454,722 | BOYAmt |
| EOY | $2,339,020 | 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 | $456,861 | BOYAmt |
| EOY | $451,219 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $30,846,360 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $13,108,736 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,878,037 | BOYAmt |
| EOY | $17,737,624 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,687,785 | BOYAmt |
| EOY | $59,170,028 | 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 | $4,561,772 | BOYAmt |
| EOY | $1,993,776 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,373,410 | BOYAmt |
| EOY | $138,917,933 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,985,816 | BOYAmt |
| EOY | $12,174,850 | 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 | $15,472,103 | BOYAmt |
| EOY | $11,666,287 | 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 | $0 | BOYAmt |
| EOY | $0 | 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 | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,457,919 | BOYAmt |
| EOY | $23,841,137 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,915,491 | BOYAmt |
| EOY | $115,076,796 | 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 | $98,915,491 | BOYAmt |
| EOY | $115,076,796 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,373,410 | BOYAmt |
| EOY | $138,917,933 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $15,871,366 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $289,939 | NetUnrlzdGainsLossesInvstAmt |
| 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 | $76,888,701 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $13,510 | NonDeductibleLbbyngPltclCYAmt |
| Non Deductible Lbbyng Pltcl Tot | $13,510 | NonDeductibleLbbyngPltclTotAmt |
| Taxable | $13,510 | TaxableAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| Agent Trustee Etc | Yes (true) | AgentTrusteeEtcInd |
| Beginning Balance | $2,809,703 | BeginningBalanceAmt |
| Additions During Year | $811,513 | AdditionsDuringYearAmt |
| Distributions During Year | $1,070,979 | DistributionsDuringYearAmt |
| Ending Balance | $2,550,237 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
| 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 | $11,508,909 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,307,657 | DepreciationAmt |
| Book Value | $7,201,252 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,376,406 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,518,016 | DepreciationAmt |
| Book Value | $2,858,390 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,961,045 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,283,063 | DepreciationAmt |
| Book Value | $7,677,982 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $17,737,624 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
| Total Liability | $0 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $92,809,170 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $289,939 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $289,939 | RevenueNotReportedAmt |
| Revenue Subtotal | $92,519,231 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $92,519,231 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $76,647,865 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $76,647,865 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $76,647,865 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Agent, Trustee, Custodian, etc. Arrangement | Schedule D, Part IV, Line 1b THE COMMODITIES FUTURES TRADING COMMISSION (CFTC) PERIODICALLY ASKS FEDERAL COURTS TO APPOINT NFA TO SERVE AS COURT-APPOINTED MONITOR IN RESTITUTION JUDGMENTS AWARDED IN CFTC CASES BROUGHT BEFORE THE COURTS. AS MONITOR, NFA ENSURES HARMED INVESTORS IDENTIFIED BY THE COURT ORDER RECEIVE THEIR PRO-RATA SHARE OF RESTITUTION. THE RESTITUTION MONIES ARE PLACED IN QUALIFIED SETTLEMENT FUNDS (QSF) WHICH ARE SEPARATE LEGAL ENTITIES ESTABLISHED AND TITLED PURSUANT TO A FEDERAL COURT ORDER. QSF ARE ORDINARILY SUBJECT TO THE CONTINUING JURISDICTION OF THE FEDERAL COURT BODY. NFA HAS CHECK WRITING AUTHORITY FOR THE QSF. |
| Liability for Uncertain Tax Position (ASC 740) | Schedule D, Part X, Line 2 The Association has received a favorable determination letter from the Internal Revenue Service, stating that they are exempt from federal income taxes under the provisions of Section 501(c)(6) of the Internal Revenue Code of 1986 (IRC), except for income taxes pertaining to unrelated business income. The FASB issued guidance that requires tax effects from uncertain tax positions to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. Management has determined there are no material uncertain positions that require recognition in the financial statements, and has properly accrued a provision for excise taxes. There is no interest or penalties recognized in the statements of unrestricted revenues, expenses and changes in unrestricted net assets. The tax years ended 2011, 2012, 2013 and 2014 are still open to audit for both federal and state purposes. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | North America | RegionTxt |
| Employee | 6 | EmployeeCnt |
| Type Of Activities Conducted | Program Services | TypeOfActivitiesConductedTxt |
| Specific Services Provided | AUDIT OF MEMBER FIRMS | SpecificServicesProvidedTxt |
| Region Total Expenditures | $44,158 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Employees | 6 | SubtotalEmployeesCnt |
| Total Employee | 6 | TotalEmployeeCnt |
| Subtotal Spent | $44,158 | SubtotalSpentAmt |
| Total Spent | $44,158 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | method used to account for expenditures | FormAndLineReferenceDesc |
| Explanation | Schedule F, Part I, Line 3, Column (f) The total expenditures in north america has been reported using the accrual method of accounting, the same method used for nfa's audited financial statements. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Daniel Roth | ||||||||||||||
| President and CEO | $670,493 | $0 | $75,000 | $0 | $588 | $0 | $36,400 | $0 | $37,615 | $0 | $820,096 | $0 | $0 | $0 |
| Daniel Driscoll | ||||||||||||||
| Exec VP and COO | $484,547 | $0 | $40,000 | $0 | $624 | $0 | $36,400 | $0 | $38,809 | $0 | $600,380 | $0 | $0 | $0 |
| Thomas Sexton | ||||||||||||||
| Senior VP and Secretary | $437,649 | $0 | $50,000 | $0 | $1,728 | $0 | $105,330 | $0 | $37,350 | $0 | $632,057 | $0 | $0 | $0 |
| Regina Thoele | ||||||||||||||
| Senior VP | $417,037 | $0 | $50,000 | $0 | $1,728 | $0 | $36,400 | $0 | $36,310 | $0 | $541,475 | $0 | $0 | $0 |
| Karen Wuertz | ||||||||||||||
| Senior VP | $297,352 | $0 | $40,000 | $0 | $1,914 | $0 | $36,400 | $0 | $39,641 | $0 | $415,307 | $0 | $0 | $0 |
| David Hawrysz | ||||||||||||||
| Sr. VP, CFO and Treasurer | $320,806 | $0 | $35,000 | $0 | $1,344 | $0 | $67,924 | $0 | $41,820 | $0 | $466,894 | $0 | $0 | $0 |
| Edward Dasso | ||||||||||||||
| Vice President | $388,432 | $0 | $50,000 | $0 | $1,101 | $0 | $36,400 | $0 | $37,598 | $0 | $513,531 | $0 | $0 | $0 |
| Jamila Piracci | ||||||||||||||
| Vice President | $372,438 | $0 | $40,000 | $0 | $933 | $0 | $36,400 | $0 | $40,481 | $0 | $490,252 | $0 | $0 | $0 |
| Yvette Christman | ||||||||||||||
| Vice President | $135,836 | $0 | $7,000 | $0 | $1,380 | $0 | $18,610 | $0 | $10,750 | $0 | $173,576 | $0 | $0 | $0 |
| Timothy McHenry | ||||||||||||||
| Vice President | $231,789 | $0 | $25,000 | $0 | $1,226 | $0 | $36,300 | $0 | $29,417 | $0 | $323,732 | $0 | $0 | $0 |
| Carol Wooding | ||||||||||||||
| Associate General Counsel | $229,000 | $0 | $35,000 | $0 | $1,692 | $0 | $23,667 | $0 | $36,816 | $0 | $326,175 | $0 | $0 | $0 |
| Michael Crowley | ||||||||||||||
| Associate General Counsel | $225,807 | $0 | $30,000 | $0 | $2,568 | $0 | $23,344 | $0 | $32,934 | $0 | $314,653 | $0 | $0 | $0 |
| David Mengle | ||||||||||||||
| Senior Risk Advisor, Swaps | $265,599 | $0 | $0 | $0 | $2,834 | $0 | $28,600 | $0 | $33,279 | $0 | $330,312 | $0 | $0 | $0 |
| Shuna Awong | ||||||||||||||
| Director | $222,948 | $0 | $10,000 | $0 | $1,878 | $0 | $22,625 | $0 | $25,792 | $0 | $283,243 | $0 | $0 | $0 |
| Steven Earl | ||||||||||||||
| Managing Director | $212,413 | $0 | $7,500 | $0 | $1,308 | $0 | $24,535 | $0 | $28,790 | $0 | $274,546 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Health or social club dues or initiation fees | FormAndLineReferenceDesc |
| Explanation | Schedule J, Part I, Line 1a Health club dues provided to DANIEL ROTH, REGINA THOELE, KAREN WUERTZ, TIM MCHENRY, DAVID HAWRYSZ, EDWARD DASSO AND THOMAS SEXTON, STAFF AND OFFICERS, in the amount of $10,626 was reported as compensation on Form W-2. Although NFA currently does not offer first class travel, on overseas business trips, NFA officers may elect to fly business class. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Significant Changes to Governing Documents | Form 990, Part VI, Line 4 In May 2015, NFA's board approved a change to NFA's Articles of Incorporation to reduce the size of the Board from 35 to 29. The board's new structure will be in place in February 2016 at the Board's regular Annual Meeting. The smaller board will consist of two less FCM seats (from 7 to 5), two less SD/MSP/RFED seats (from 7 to 5), one less CPO/CTA (from 5 to 4), and three less public directors (from 13 to 10). Unchanged are IB seats (at 2) and contract market seats (at 3). The amendment also included changes to eliminate the Board's special voting rules and allow non-Member nominations of public directors. |
| Members or Stockholders | Form 990, Part VI, Line 6 NFA MEMBERS INCLUDE ANY PERSON REGISTERED WITH THE COMMODITY FUTURES TRADING COMMISSION ("COMMISSION"); ANY CONTRACT MARKET; AND ANY PERSON DESIGNATED BY COMMISSION RULE AS ELIGIBLE FOR NFA MEMBERSHIP. NFA MEMBERS ARE DIVIDED INTO CATEGORIES BASED UPON THE CATEGORIES IN WHICH THEY ARE REGISTERED WITH THE COMMISSION. THESE CATEGORIES INCLUDE CONTRACT MARKETS; FUTURES COMMISSION MERCHANTS AND LEVERAGED TRANSACTION MERCHANTS; INTRODUCING BROKERS; RETAIL FOREIGN EXCHANGE DEALERS; SWAP DEALERS; MAJOR SWAP PARTICIPANTS; AND COMMODITY POOL OPERATORS AND COMMODITY TRADING ADVISORS. |
| Form 990, Part VI, Line 7a | Members or Stockholders Who May Elect The elected Directors shall be chosen as follows: (a) Nominating Committee. The Nominating Committee (see Article X) shall nominate at least one candidate for each elected FCM and LTM; IB; CPO and CTA; and SD, MSP and RFED Director position to be filled. These nominations shall be made in accordance with the eligibility requirements contained in this Article. The Nominating Committee shall nominate candidates whose election shall result in diverse segments of each category being represented on the Board based upon the size of the Member, the type of business conducted by the Member and the type of customer serviced by the Member. (b) Petition Procedure. Nominations may be made for elected FCM and LTM; IB; CPO and CTA; and SD, MSP and RFED Director positions by: (i) Petition signed by 50 or more NFA Members in the category for which the nomination is made (i.e., FCM and LTM; SD, MSP and RFED; IB; and CPO and CTA); or (ii) Petition submitted by any organization or association recognized by NFA as fairly representing the category (See (b)(i) and(ii) above) for which the nomination is made. Petitions shall be submitted in the manner specified in the Bylaws. No petition may nominate more than one candidate for the same position. (c) Election. If there is a contested election in any category (See (b)(i) and (ii) above) of NFA Members, the Members in that category shall thereafter elect by plurality vote from such nominees the Directors that are to represent that category. The election shall be conducted in the manner provided in the Bylaws, which shall provide for an Annual Election. (d) Public Representatives. The Public Representatives shall be chosen as follows: Before the Annual Election, the Board shall solicit from the Members the nomination of individuals to serve on the Board in the Public Representative category. At the Board's regular annual meeting, the Board shall, by majority vote, select from among such nominees the Public Representatives to serve on the Board. (e) Contract Markets In the event of an election as described in Article VII, Section 2(a)(ii)(b), the Contract Market representatives shall be elected as follows: Before the Annual Election, the Board shall solicit from Contract Market Members eligible to have representatives pursuant to Article VII, Section 2(a)(ii)(b) the nomination of individuals to serve on the Board as representatives of such Contract Market Members. If there is a contested election of such Contract Market Members, the Contract Market Members eligible to vote pursuant to Article VII, Section 2(a)(ii)(b) shall thereafter elect by plurality vote from such nominees the Directors that will represent them. The election shall be conducted in the manner provided in the Bylaws, which shall provide for an Annual Election. Section 4: Terms of Directors. (a) Contract Market Directors. Directors representing Contract Market Members shall serve for one-year terms, from the date of the Board's regular annual meeting as set forth in Bylaw 506 until the date of the Board's regular annual meeting one year hence. (b) Other Directors. Directors other than Contract Market Member Directors shall serve for two-year terms, from the date of the Board's regular annual meeting following the Annual Election at which they are elected until the date of the Board's regular annual meeting two years hence: Provided, however, the initial SD Directors and MSP Director, if any, elected in accordance with Section 8 by the Board shall serve from the date of the Board meeting at which they are elected until the date of the Board's regular annual meeting in 2014. SD Directors representing Large Financial Institutions and the SD Directors not representing Large Financial Institutions elected at the Annual Election in 2014 shall serve staggered terms. The two SD Directors representing Large Financial Institutions and the two (2) SD Directors not representing Large Financial Institutions who receive the highest number of votes in each category shall serve the two-year terms and the other three (3) SD or MSP Directors shall serve one-year terms. Ties shall be resolved by random draw. Section 5: Voting; Quorum. Each Director shall have one vote upon any matter coming before the Board for official action, and, except as otherwise provided in these Articles or NFA's Bylaws, the affirmative vote of a majority of (a) the Directors; (b) the combined SD, MSP and RFED Directors and Public Representatives; and (c) the combined Contract Market, FCM, LTM, IB, CPO and CTA Directors and Public Representatives present and voting at a meeting of the Board shall be NFA's official act if a quorum is present. A quorum of the Board shall consist of one-half of the Directors, except where NFA Bylaws specify a lesser number in emergency situations. Section 6: Establishment of Major Plans and Priorities. The Board shall establish for observance by the Executive Committee (See Article VIII) and NFA staff major plans and priorities, including those regarding the commitment and expenditure of NFA funds. Section 7: Chairman and Vice Chairman. There shall be a Chairman and Vice Chairman of the Board. They shall serve for one-year terms and shall be elected by the Board at its regular annual meeting, by majority vote. The Chairman shall be elected from among the Directors in office and the Vice Chairman shall be elected from among Directors elected to serve on the Executive Committee. Section 8: Vacancies. A vacancy that occurs on the Board before the expiration of a Director's term or because additional Directors in existing or new Member categories are required shall be filled (for the unexpired term) by an eligible individual elected by majority vote of the remaining Directors who represent the category of Members in which the vacancy occurred, except that if the vacancy involves a representative of a Contract Market Member, that Contract Market Member shall designate the successor. In the event there are no Directors remaining who represent the category of Members in which the vacancy occurred, the vacancy shall be filled by an eligible individual elected by the Board. |
| Decisions Subject to Approval | Form 990, Part VI, Line 7b A CHANGE IN NFA'S ARTICLES OF INCORPORATION ("ARTICLES") REQUIRES APPROVAL BY A MAJORITY OF THOSE VOTING IN EACH MEMBERSHIP CATEGORY. |
| Form 990 Review Process | Form 990, Part VI, Line 11b PRIOR TO FILING THE FORM 990 IT IS REVIEWED AND APPROVED BY NFA'S AUDIT COMMITTEE (THREE MEMBERS). THE REVIEW INVOLVES AN IN-DEPTH PRESENTATION BY NFA STAFF TO THE COMMITTEE. THE COMMITTEE WILL ALSO REVIEW THE OVERALL ACCURACY AND COMPLETENESS OF THE FORM 990. PRIOR TO FILING THE FORM 990, THE DRAFT RETURN WAS PROVIDED TO THE REMAINING VOTING MEMBERS OF NFA'S GOVERNING BODY. NFA'S COO ALSO REVIEWED THE 990 FOR OVERALL ACCURACY AND COMPLETENESS PRIOR TO FILING. |
| Conflict of Interest Policy Monitoring & Enforcement | Form 990, Part VI, Line 12c AT NFA'S BOARD OF DIRECTORS ANNUAL MEETING, NFA'S GENERAL COUNSEL PRESENTS, IN WRITING, NFA'S POLICY AND PROCEDURE ON CONFLICTS AND DUALITIES OF INTEREST ("POLICY"). EACH DIRECTOR IS SUBSEQUENTLY REQUIRED TO SIGN A WRITTEN STATEMENT THAT LISTS ANY AFFILIATION THAT MAY GIVE RISE TO POTENTIAL CONFLICTS AND DUALITIES OF INTEREST UNDER THE POLICY. THE WRITTEN STATEMENT ALSO ACKNOWLEDGES THAT THE DIRECTOR HAS RECEIVED, READ AND UNDERSTOOD, AND AGREES TO ABIDE BY NFA'S POLICY; AND THAT THE DIRECTOR WILL DISCLOSE, AS IT OCCURS, ANY AFFILIATION THAT MAY GIVE RISE TO A CONFLICT OR DUALITY OF INTEREST UNDER THE POLICY. NFA STAFF REVIEWS AND MAINTAINS THESE WRITTEN STATEMENTS AND REFERS TO THEM AS MATTERS UPON WHICH THE BOARD ACTS ARISE. IF ANY DIRECTOR HAS AN AFFILIATION THAT MAY GIVE RISE TO A CONFLICT OR DUALITY OF INTEREST UNDER THE POLICY IN CONNECTION WITH A MATTER COMING BEFORE THE BOARD, NFA'S GENERAL COUNSEL BRINGS THE AFFILIATION TO THE BOARD'S ATTENTION IN THE EVENT THAT THE DIRECTOR DOES NOT. NFA STAFF IS REQUIRED TO ADHERE TO A CONFLICT OF INTEREST POLICY, WHICH IS MONITORED BY HUMAN RESOURCES. STAFF ANNUALLY COMPLETE THEIR CONFLICT OF INTEREST QUESTIONNAIRES, WHICH HUMAN RESOURCES REVIEWS AND MAINTAINS. IF ANY CONFLICTS ARISE, GENERAL COUNSEL DISCUSSES WITH THE STAFF MEMBER, AND DOCUMENTS ACTIONS TAKEN; i.e., DISPOSAL OF THE INTEREST OR ANY DISCIPLINARY ACTION UNDER THE CODE OF PROFESSIONAL CONDUCT. |
| Process for Determining Compensation | Form 990, Part VI, Lines 15a and 15b The Compensation committee is comprised of three voting members of the board. For all officers except the CEO, the CEO collaborates with the compensation committee to determine the remaining officers' compensation. The CEO and the compensation committee discuss each officer's contribution to the organization; they review comparable market data provided by NFA's human resource department and deliberate compensation recommendations which are documented and presented to the Executive Committee. The same method, as described above, is used in determining the CEO's compensation, only the CEO is not part of the process. The Executive Committee reviews the compensation committee's proposed recommendation and either accepts or adjusts the proposal. The Executive Committee then makes their recommendation to the Board of Directors. The Board of Directors either approves or modifies the Executive Committee's recommendation. The Board then approves final compensation for officers. The organization contemporaneously documents and maintains recordkeeping for deliberations and decisions regarding the compensation arrangements of the officers. |
| How Documents are Made Available to the Public | Form 990, Part VI, Line 19 THE ORGANIZATION MAKES ITS BYLAWS, ARTICLES OF INCORPORATION AND FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE OR UPON WRITTEN REQUEST. CONFLICTS OF INTEREST POLICY IS AVAILABLE UPON REQUEST. |