FINANCIAL SERVICES INSTITUTE INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- FINANCIAL SERVICES INSTITUTE INC (EIN 20-0587793)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-08-26
- IRS object ID
- 201542389349300109
- 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 | 2015-08-26T10:06:42-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 521446779 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHNSON LAMBERT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 SPRING FOREST ROAD STE 115 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27609 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200587793 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCIAL SERVICES INSTITUTE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FINA | BusinessNameControlTxt |
| Phone | 8883731840 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 607 14TH STREET NW NO 750 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20005 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DALE BROWN | PersonNm |
| Person Title | CEO & PRESIDENT | PersonTitleTxt |
| Phone | 8883731840 | PhoneNum |
| Signature | 2015-08-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN HUSKINS | PreparerPersonNm |
| PTIN | P01081531 | PTIN |
| Phone | 9197196400 | PhoneNum |
| Preparation | 2015-08-26 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DALE BROWN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 607 14TH STREET NW NO 750 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20005 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,044,724 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.FINANCIALSERVICES.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2004 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O FOR COMPLETE DESCRIPTION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 31 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | $33,566 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $28,318 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,922,823 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $8,009,580 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,369 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,578 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $33,566 | CYOtherRevenueAmt |
| PY Total Revenue | $6,925,192 | PYTotalRevenueAmt |
| CY Total Revenue | $8,044,724 | 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 | $3,623,363 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,130,242 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,290,011 | PYOtherExpensesAmt |
| CY Other Expenses | $3,510,430 | CYOtherExpensesAmt |
| PY Total Expenses | $6,913,374 | PYTotalExpensesAmt |
| CY Total Expenses | $7,640,672 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,818 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $404,052 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,122,941 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,851,083 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,261,472 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,395,504 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $861,469 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $455,579 | NetAssetsOrFundBalancesEOYAmt |
| Mission | FINANCIAL SERVICES INSTITUTE MISSION IS TO CREATE A HEALTHIER REGULATORY ENVIRONMENT FOR INDEPENDENT BROKER-DEALERS AND THEIR AFFILIATED INDEPENDENT FINANCIAL ADVISORS THROUGH AGGRESSIVE AND EFFECTIVE ADVOCACY, EDUCATION AND PUBLIC AWARENESS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | TO PROVIDE SUPPORT TO INDEPENDENT FINANCIAL ADVISORS AND FINANCIAL SERVICES FIRMS THROUGH CONSTRUCTIVE ADVOCACY WITH FEDERAL AND STATE REGULATORS AND LEGISLATORS. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 35 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 31 | EmployeeCnt |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRETT MCALLISTER | PersonNm |
| Phone | 8883731840 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 607 14TH STREET NW NO 750 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20005 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| MICHAEL MIKE J MUNGENAST | ||||||||
| CHAIR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| ADAM ANTONIADES | ||||||||
| VICE CHAIR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| VALERIE G BROWN | ||||||||
| VICE CHAIR (TO MAY '14) | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH JOE R RUSSO | ||||||||
| IMMEDIATE PAST CHAIR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY TIM B MURPHY | ||||||||
| CHAIR, FINANCE COMMITTEE | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| DEREK BRUTON | ||||||||
| MEMBER (TO APR '14) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RICK CARLSON | ||||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVE CHIPMAN | ||||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DEAN HARMAN | ||||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JIM HERRINGTON | ||||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD J LAMPEN | ||||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JIM LIVINGSTON | ||||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SETH MILLER | ||||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CLIVE SLOVIN | ||||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID STRINGER | ||||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT CURTIS | ||||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT MOORE | ||||||||
| MEMBER (FROM MAY '14) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| AMY WEBBER | ||||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DALE BROWN | ||||||||
| PRESIDENT, CEO | 40.00 | Yes (X) | $623,743 | $0 | $26,585 | Yes (X) | ||
| DAVID BELLAIRE | ||||||||
| EXECUTIVE VP, GEN. COUNSEL | 40.00 | $439,743 | $0 | $23,758 | Yes (X) | |||
| CHRISTOPHER PAULITZ | ||||||||
| SVP MEMBERSHIP & MARKETING | 40.00 | $289,845 | $0 | $24,896 | Yes (X) | |||
| BRETT MCALLISTER | ||||||||
| SVP FINANCE & OPERATIONS | 40.00 | $366,822 | $0 | $21,920 | Yes (X) | |||
| KEVIN WHITEHEAD | ||||||||
| VP CORPORATE RELATIONS | 40.00 | $226,706 | $0 | $19,021 | Yes (X) | |||
| ROBERT LEWIS | ||||||||
| VP LEGISLATIVE AFFAIRS | 40.00 | $173,200 | $0 | $11,048 | Yes (X) | |||
| ROBIN TRAXLER | ||||||||
| VP REGULATORY AFFAIRS, ASSOC GEN COUNSEL | 40.00 | $128,360 | $0 | $7,280 | Yes (X) | |||
| MICHELLE ALLGAUER | ||||||||
| VP MEMBER ENGAGEMENT | 40.00 | $153,810 | $0 | $9,271 | Yes (X) | |||
| KATHRYN ANDERSON | ||||||||
| DIRECTOR, CORPORATE RELATIONS | 40.00 | $121,627 | $0 | $17,877 | Yes (X) | |||
| CRAIG KNIGHT | ||||||||
| DIRECTOR, FINANCIAL SERVICES | 40.00 | $104,981 | $0 | $2,547 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,628,837 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $164,203 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ERIS GROUP | |||||
| 439 NEW JERSEY AVE | WASHINGTON | DC | 20003 | STRATEGIC ADVICE/LOBBYING SUPPORT | $149,393 |
| AMERICAN SOLUTIONS FOR BUSIN | |||||
| 31 MINNESOTA AVE E | GLENWOOD | MN | 56334 | PRINTING SERVICES | $149,188 |
| CLYBURN CONSULTING LLC | |||||
| 7819 12TH STREET NW | WASHINGTON | DC | 20012 | STRATEGIC ADVICE/LOBBYING SUPPORT | $132,104 |
| MULTISTATE ASSOCIATE INC | |||||
| 515 KING ST STE 300 | ALEXANDRIA | VA | 22314 | MEMBER SERVICES | $130,021 |
| AMERICAN AUDIO VIDEO | |||||
| 8005 HAUTE COURT | SPRINGFIELD | VA | 22150 | AV SERVICES | $120,851 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| MEMBERSHIPS | 900099 | $5,195,638 | $5,195,638 | |
| SPONSOR INCOME | 900099 | $2,151,000 | $2,151,000 | |
| BROKER-DEALER CONFERENCE | 900099 | $507,539 | $507,539 | |
| SUMMIT REGISTRATIONS | 900099 | $107,278 | $107,278 | |
| OTHER CONFERENCES | 900099 | $48,125 | $48,125 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $8,009,580 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,578 | TotalRevenueColumnAmt |
| Exclusion | $1,578 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $33,566 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $33,566 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $33,566 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,044,724 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,858,580 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $33,566 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,152,578 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,063,038 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,739,782 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,977 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,148 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $199,297 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,418 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,390 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $216,310 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $940,691 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $266,266 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,360 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $446,088 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $198,959 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $794,365 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,684 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,247 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| RECRUITING | $77,225 |
| DUES & SUBSCRIPTIONS | $72,006 |
| TRAINING | $49,497 |
| AWARDS | $6,158 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,766 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,640,672 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $249,351 | BOYAmt |
| EOY | $2,400,400 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,810,368 | BOYAmt |
| EOY | $1,833,932 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $540,045 | BOYAmt |
| EOY | $66,949 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,539 | BOYAmt |
| EOY | $191,357 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $880,847 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $522,402 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $461,638 | BOYAmt |
| EOY | $358,445 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,122,941 | BOYAmt |
| EOY | $4,851,083 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $209,095 | BOYAmt |
| EOY | $592,469 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,961,216 | BOYAmt |
| EOY | $3,690,777 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,161 | BOYAmt |
| EOY | $112,258 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,261,472 | BOYAmt |
| EOY | $4,395,504 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $861,469 | BOYAmt |
| EOY | $455,579 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $861,469 | BOYAmt |
| EOY | $455,579 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,122,941 | BOYAmt |
| EOY | $4,851,083 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $404,052 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$809,942 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $0 | PoliticalExpendituresAmt |
| Expended527 Activities | $0 | Expended527ActivitiesAmt |
| Internal Funds Contributed | $0 | InternalFundsContributedAmt |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCIAL SERVICES INSTITUTE PAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 607 14TH STRET NW STE 750 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20005 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200587793 | EIN |
| Contributions Rcvd Dlvr | $176,411 | ContributionsRcvdDlvrAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | Yes (1) | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | 0 | AgreeCarryoverPriorYearInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | ADMINSTERED THE FINANCIAL SERVICES INSTITUTE PAC. | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $43,211 | OtherCostOrOtherBasisAmt |
| Depreciation | $747 | DepreciationAmt |
| Book Value | $42,464 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $435,959 | OtherCostOrOtherBasisAmt |
| Depreciation | $385,127 | DepreciationAmt |
| Book Value | $50,832 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $401,677 | OtherCostOrOtherBasisAmt |
| Depreciation | $136,528 | DepreciationAmt |
| Book Value | $265,149 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $358,445 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED RENT | Desc |
| Amt | $112,258 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $112,258 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $8,361,135 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $140,000 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $176,411 | OtherRevenueAmt |
| Revenue Not Reported | $316,411 | RevenueNotReportedAmt |
| Revenue Subtotal | $8,044,724 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $8,044,724 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $7,948,672 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $140,000 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $168,000 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $308,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $7,640,672 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $7,640,672 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | MANAGEMENT HAS CONCLUDED THAT THE INSTITUTE HAS MAINTAINED ITS EXEMPT STATUS; ALL REVENUE WITHIN THE CONSOLIDATED STATEMENT OF ACTIVITIES HAS BEEN PROPERLY CLASSIFIED FOR THE YEAR ENDED DECEMBER 31, 2014 AND THE INSTITUTE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2014. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | PAC REVENUE 176,411. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | PAC EXPENSES 168,000. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DALE BROWN | ||||||||||||||
| PRESIDENT, CEO | $329,743 | $0 | $294,000 | $0 | $0 | $0 | $10,400 | $0 | $16,185 | $0 | $650,328 | $0 | $0 | $0 |
| DAVID BELLAIRE | ||||||||||||||
| EXECUTIVE VP, GEN. COUNSEL | $290,030 | $0 | $149,713 | $0 | $0 | $0 | $8,044 | $0 | $15,714 | $0 | $463,501 | $0 | $0 | $0 |
| CHRISTOPHER PAULITZ | ||||||||||||||
| SVP MEMBERSHIP & MARKETING | $190,527 | $0 | $99,318 | $0 | $0 | $0 | $8,119 | $0 | $16,777 | $0 | $314,741 | $0 | $0 | $0 |
| BRETT MCALLISTER | ||||||||||||||
| SVP FINANCE & OPERATIONS | $270,570 | $0 | $96,252 | $0 | $0 | $0 | $10,400 | $0 | $11,520 | $0 | $388,742 | $0 | $0 | $0 |
| KEVIN WHITEHEAD | ||||||||||||||
| VP CORPORATE RELATIONS | $149,270 | $0 | $77,436 | $0 | $0 | $0 | $5,987 | $0 | $13,034 | $0 | $245,727 | $0 | $0 | $0 |
| ROBERT LEWIS | ||||||||||||||
| VP LEGISLATIVE AFFAIRS | $134,450 | $0 | $38,750 | $0 | $0 | $0 | $0 | $0 | $11,048 | $0 | $184,248 | $0 | $0 | $0 |
| MICHELLE ALLGAUER | ||||||||||||||
| VP MEMBER ENGAGEMENT | $127,288 | $0 | $26,522 | $0 | $0 | $0 | $1,931 | $0 | $7,340 | $0 | $163,081 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | FINANCIAL SERVICES INSTITUTE MISSION IS TO CREATE A HEALTHIER REGULATORY ENVIRONMENT FOR INDEPENDENT BROKER-DEALERS AND THEIR AFFILIATED INDEPENDENT FINANCIAL ADVISORS THROUGH AGGRESSIVE AND EFFECTIVE ADVOCACY, EDUCATION AND PUBLIC AWARENESS. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION'S BYLAWS WERE AMENDED IN THE FOLLOWING WAYS: 1. MEMBERSHIP * EXPANDS THE DEFINITIONS OF FIRM AND FINANCIAL ADVISOR MEMBERSHIP TO INCLUDE RIAS AND IARS TO PROVIDE FLEXIBILITY FOR FUTURE MEMBERSHIP MARKETING EFFORTS. * ADDS A NEW EXECUTIVE MEMBERSHIP DEFINITION TO ENSURE MORE EXACT COMPLIANCE WITH FEC RULES ON SOLICITING PAC CONTRIBUTIONS FROM DIRECTORS AND FIRM MEMBER EXECUTIVES. 2. BOARD OF DIRECTORS * EXPANDS THE MAXIMUM NUMBER OF DIRECTORS TO 18 FROM 16 TO ALLOW FOR FLEXIBILITY IF THE BOARD DECIDES TO INCREASE THE SIZE OF THE BOARD. * CLARIFIES THE LIMITS ON LENGTH OF SERVICE ON THE BOARD. IN THEORY, A DIRECTOR COULD SERVE FOUR (4) CONSECUTIVE ONE YEAR TERMS, PLUS FIVE (5) YEARS AS AN OFFICER, AND THEN THREE (3) MORE YEARS AS A DIRECTOR, FOR A MAXIMUM OF TWELVE (12) YEARS. * CLARIFIES HOW A PARTIAL YEAR OF SERVICE IS TREATED FOR DIRECTORS ELECTED TO FILL A VACANCY ON THE BOARD. 3. OFFICERS * SHORTENS TO ONE CALENDAR YEAR THE LENGTH OF SERVICE REQUIRED TO BE ELIGIBLE FOR ELECTION AS AN OFFICER. * BRINGS THE PAC CHAIR TERM OF OFFICE INTO LINE WITH THE OTHER OFFICER TERMS: ONE (1) YEAR. * CLARIFIES THAT A CHAIR IS ELIGIBLE TO BE RE-ELECTED AFTER FIVE YEARS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THIS IS A MEMBERSHIP ORGANIZATION WHO IS INTERESTED IN CREATING A HEALTHIER REGULATORY ENVIRONMENT FOR INDEPENDENT BROKER-DEALERS AND THEIR AFFILIATED INDEPENDENT FINANCIAL ADVISORS THROUGH AGGRESSIVE AND EFFECTIVE ADVOCACY, EDUCATION AND PUBLIC AWARENESS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 AND ALL SCHEDULES WERE CIRCULATED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT. A DEADLINE WAS ESTABLISHED FOR COMMENTS. AFTER COMMENTS WERE RECEIVED AND REVIEWED, THE FORM 990 WAS FINALIZED AND SUBMITTED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS MEETS EACH JANUARY AND DISCUSSES ANY POTENTIAL CONFLICT OF INTEREST AND THEN COMPLETES A FORM. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE POLICY FOR DETERMINING COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE, USE OF DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, AND CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | PHOTOGRAPHY 12,254. ART/DESIGN 41,133. RESEARCH 207,856. ADVOCACY 119,381. OTHER FEES FOR SERVICES 560,067. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCIAL SERVICES INSTITUTE PAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 607 14TH STREET NW SUITE 750 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20005 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | CAMPAIGN SUPPORT | PrimaryActivitiesTxt |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Exempt Code Section | 527 | ExemptCodeSectionTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCIAL SERVICES INSTITUTE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |