2015-08-26T10:06:42-05:00 2014-12-31 521446779 JOHNSON LAMBERT LLP 700 SPRING FOREST ROAD STE 115 RALEIGH NC 27609 990 2014-01-01 200587793 FINANCIAL SERVICES INSTITUTE INC FINA 8883731840 607 14TH STREET NW NO 750 WASHINGTON DC 20005 DALE BROWN CEO & PRESIDENT 8883731840 2015-08-18 1 JOHN HUSKINS P01081531 9197196400 2015-08-26 2014 2016-04-25 22:37:26Z DALE BROWN 607 14TH STREET NW NO 750 WASHINGTON DC 20005 8044724 0 X WWW.FINANCIALSERVICES.ORG X 2004 GA SEE SCHEDULE O FOR COMPLETE DESCRIPTION. 17 17 31 50 33566 28318 0 0 6922823 8009580 2369 1578 0 33566 6925192 8044724 0 0 0 0 3623363 4130242 0 0 0 3290011 3510430 6913374 7640672 11818 404052 3122941 4851083 2261472 4395504 861469 455579 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. 0 0 TO PROVIDE SUPPORT TO INDEPENDENT FINANCIAL ADVISORS AND FINANCIAL SERVICES FIRMS THROUGH CONSTRUCTIVE ADVOCACY WITH FEDERAL AND STATE REGULATORS AND LEGISLATORS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 35 0 1 31 0 1 1 0 0 0 0 0 X 17 17 0 0 1 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X BRETT MCALLISTER 8883731840 607 14TH STREET NW NO 750 WASHINGTON DC 20005 MICHAEL MIKE J MUNGENAST CHAIR 4.00 X 0 0 0 ADAM ANTONIADES VICE CHAIR 4.00 X 0 0 0 VALERIE G BROWN VICE CHAIR (TO MAY '14) 4.00 X 0 0 0 JOSEPH JOE R RUSSO IMMEDIATE PAST CHAIR 4.00 X 0 0 0 TIMOTHY TIM B MURPHY CHAIR, FINANCE COMMITTEE 4.00 X 0 0 0 DEREK BRUTON MEMBER (TO APR '14) 1.00 X 0 0 0 RICK CARLSON MEMBER 1.00 X 0 0 0 STEVE CHIPMAN MEMBER 1.00 X 0 0 0 DEAN HARMAN MEMBER 1.00 X 0 0 0 JIM HERRINGTON MEMBER 1.00 X 0 0 0 RICHARD J LAMPEN MEMBER 1.00 X 0 0 0 JIM LIVINGSTON MEMBER 1.00 X 0 0 0 SETH MILLER MEMBER 1.00 X 0 0 0 CLIVE SLOVIN MEMBER 1.00 X 0 0 0 DAVID STRINGER MEMBER 1.00 X 0 0 0 SCOTT CURTIS MEMBER 1.00 X 0 0 0 ROBERT MOORE MEMBER (FROM MAY '14) 1.00 X 0 0 0 AMY WEBBER MEMBER 1.00 X 0 0 0 DALE BROWN PRESIDENT, CEO 40.00 X X 623743 0 26585 DAVID BELLAIRE EXECUTIVE VP, GEN. COUNSEL 40.00 X 439743 0 23758 CHRISTOPHER PAULITZ SVP MEMBERSHIP & MARKETING 40.00 X 289845 0 24896 BRETT MCALLISTER SVP FINANCE & OPERATIONS 40.00 X 366822 0 21920 KEVIN WHITEHEAD VP CORPORATE RELATIONS 40.00 X 226706 0 19021 ROBERT LEWIS VP LEGISLATIVE AFFAIRS 40.00 X 173200 0 11048 ROBIN TRAXLER VP REGULATORY AFFAIRS, ASSOC GEN COUNSEL 40.00 X 128360 0 7280 MICHELLE ALLGAUER VP MEMBER ENGAGEMENT 40.00 X 153810 0 9271 KATHRYN ANDERSON DIRECTOR, CORPORATE RELATIONS 40.00 X 121627 0 17877 CRAIG KNIGHT DIRECTOR, FINANCIAL SERVICES 40.00 X 104981 0 2547 2628837 0 164203 10 0 1 0 ERIS GROUP 439 NEW JERSEY AVE WASHINGTON DC 20003 STRATEGIC ADVICE/LOBBYING SUPPORT 149393 AMERICAN SOLUTIONS FOR BUSIN 31 MINNESOTA AVE E GLENWOOD MN 56334 PRINTING SERVICES 149188 CLYBURN CONSULTING LLC 7819 12TH STREET NW WASHINGTON DC 20012 STRATEGIC ADVICE/LOBBYING SUPPORT 132104 MULTISTATE ASSOCIATE INC 515 KING ST STE 300 ALEXANDRIA VA 22314 MEMBER SERVICES 130021 AMERICAN AUDIO VIDEO 8005 HAUTE COURT SPRINGFIELD VA 22150 AV SERVICES 120851 7 MEMBERSHIPS 900099 5195638 5195638 SPONSOR INCOME 900099 2151000 2151000 BROKER-DEALER CONFERENCE 900099 507539 507539 SUMMIT REGISTRATIONS 900099 107278 107278 OTHER CONFERENCES 900099 48125 48125 8009580 1578 1578 OTHER REVENUE 900099 33566 33566 33566 8044724 5858580 33566 2152578 X 2063038 1739782 11977 116148 199297 3418 80390 216310 940691 266266 163360 446088 198959 794365 173684 13247 RECRUITING 77225 DUES & SUBSCRIPTIONS 72006 TRAINING 49497 AWARDS 6158 8766 7640672 249351 2400400 1810368 1833932 540045 66949 61539 191357 880847 522402 461638 358445 3122941 4851083 209095 592469 1961216 3690777 91161 112258 2261472 4395504 X 861469 455579 861469 455579 3122941 4851083 404052 -809942 0 X 0 1 X 1 0 0 0 0 FINANCIAL SERVICES INSTITUTE PAC 607 14TH STRET NW STE 750 WASHINGTON DC 20005 200587793 176411 1 0 0 PART I-A, LINE 1: ADMINSTERED THE FINANCIAL SERVICES INSTITUTE PAC. 43211 747 42464 435959 385127 50832 401677 136528 265149 358445 DEFERRED RENT 112258 112258 X 8361135 140000 176411 316411 8044724 0 8044724 7948672 140000 168000 308000 7640672 0 7640672 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. X X X X X 0 0 0 DALE BROWN PRESIDENT, CEO 329743 0 294000 0 0 0 10400 0 16185 0 650328 0 0 0 DAVID BELLAIRE EXECUTIVE VP, GEN. COUNSEL 290030 0 149713 0 0 0 8044 0 15714 0 463501 0 0 0 CHRISTOPHER PAULITZ SVP MEMBERSHIP & MARKETING 190527 0 99318 0 0 0 8119 0 16777 0 314741 0 0 0 BRETT MCALLISTER SVP FINANCE & OPERATIONS 270570 0 96252 0 0 0 10400 0 11520 0 388742 0 0 0 KEVIN WHITEHEAD VP CORPORATE RELATIONS 149270 0 77436 0 0 0 5987 0 13034 0 245727 0 0 0 ROBERT LEWIS VP LEGISLATIVE AFFAIRS 134450 0 38750 0 0 0 0 0 11048 0 184248 0 0 0 MICHELLE ALLGAUER VP MEMBER ENGAGEMENT 127288 0 26522 0 0 0 1931 0 7340 0 163081 0 0 0 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. FINANCIAL SERVICES INSTITUTE PAC 607 14TH STREET NW SUITE 750 WASHINGTON DC 20005 CAMPAIGN SUPPORT DC 527 FINANCIAL SERVICES INSTITUTE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0