Investment Adviser Association
- Assets
- $7.3m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 28
- Location
- Washington, DC
- Founding
- 12/1948
- Data as of
- 12/2021
- EIN
- 13-6130873
Organization Overview
Investment Adviser Association is located in Washington, DC. The organization was established in 1948. According to its NTEE Classification (I01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Investment Adviser Association employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Investment Adviser Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Investment Adviser Association generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $6.2m during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE INTERESTS OF THE INVESTMENT ADVISORY PROFESSION. SEE PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY - IAA WORKS CLOSELY WITH POLICY MAKERS ON EVERY ISSUE THAT DIRECTLY AFFECTS INVESTMENT ADVISERS, AND REPRESENTS THE INTERESTS OF INVESTMENT ADVISERS ON CAPITOL HILL, WORKING WITH MEMBERS OF CONGRESS AND THEIR STAFFS TO EDUCATE THEM ABOUT RELEVANT ISSUES AND CONCERNS. THE IAA REGULARLY COMMENTS ON RULE CHANGES PROPOSED BY THE SEC, DEPARTMENT OF LABOR, OTHER FEDERAL AND STATE AGENCIES, AND INTERNATIONAL REGULATORS THAT DIRECTLY AFFECT THE INVESTMENT ADVISER INDUSTRY AND THE IAA MEMBERSHIP.
COMPLIANCE - THE IAA SERVES AS A RESOURCE FOR ALL IAA MEMBER FIRMS. OUR STAFF RESPONDS TO HUNDREDS OF REQUESTS FOR INFORMATION EACH YEAR FROM IAA MEMBERS ON A WIDE VARIETY OF REGULATORY AND COMPLIANCE ISSUES. IN ADDITION, THE IAA PROVIDES EXTENSIVE ONLINE COMPLIANCE AND REGULATORY MATERIALS, LOCATED IN A MEMBERS ONLY SECTION OF THE WEBSITE.
EDUCATION - THE IAA IS A SOURCE OF EDUCATIONAL MATERIALS AND PROGRAMS, TAILORED TO ADDRESS SPECIFIC ISSUES AFFECTING THE INVESTMENT ADVISER COMMUNITY. THE IAA SPONSORS A WIDE RANGE OF WORKSHOPS, CONFERENCES, WEBINARS AND NETWORKING EVENTS. THESE IAA-SPONSORED EVENTS ADDRESS BUSINESS, MANAGEMENT, COMPLIANCE, OPERATIONS, TECHNOLOGY, AND OTHER RELEVANT ISSUES. THE IAA ALSO PUBLISHES VARIOUS REPORTS AND SURVEYS EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen L Barr President & CEO | Officer | 40 | $485,384 |
Gail C Bernstein Secretary & General Counse | Officer | 40 | $403,648 |
Neil A Simon Associate General Counsel | 40 | $264,648 | |
Monique Botkin Associate General Counsel | 40 | $261,148 | |
Sarah Buescher Associate General Counsel | 40 | $259,648 | |
Laura Grossman Associate General Counsel | 40 | $258,148 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ims Technology Services Inc Av/production | 12/30/21 | $141,396 |
Justin Meise Communications/pr | 12/30/21 | $132,522 |
Cypress Advocacy Llc (Dba Mindset) Lobbying | 12/30/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,520,179 |
| Investment income | $137,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,673 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,665,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,071,224 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,065,531 |
| Pension plan accruals and contributions | $285,496 |
| Other employee benefits | $98,009 |
| Payroll taxes | $243,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,294 |
| Fees for services: Accounting | $12,714 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,186 |
| Fees for services: Other | $501,203 |
| Advertising and promotion | $0 |
| Office expenses | $126,268 |
| Information technology | $175,325 |
| Royalties | $0 |
| Occupancy | $253,508 |
| Travel | $15,618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $186,939 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,473 |
| Insurance | $18,559 |
| All other expenses | $0 |
| Total functional expenses | $6,225,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $676,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,069 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $97,895 |
| Net Land, buildings, and equipment | $619,675 |
| Investments—publicly traded securities | $5,775,440 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,782 |
| Total assets | $7,311,735 |
| Accounts payable and accrued expenses | $453,869 |
| Grants payable | $0 |
| Deferred revenue | $2,434,200 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $803,168 |
| Total liabilities | $3,691,237 |
| Net assets without donor restrictions | $3,620,498 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,311,735 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Investment Adviser Association Washington, DC | $7,311,735 | $5,665,058 |
National Association For The Advancement Of Returning Citizens Washington, DC | $797,932 | $1,693,125 |
Virginia Citizens Defense League Beaverdam, VA | $1,589,165 | $681,455 |
Latinos In Virginia Empowerment Center North Chesterfield, VA | $686,244 | $1,012,947 |
Council For Court Excellence Washington, DC | $1,341,324 | $1,024,944 |
Virginia Network For Victims And Witnesses Of Crime Inc Henrico, VA | $442,550 | $729,259 |
Due Process Institute Washington, DC | $740,897 | $571,950 |
Complex Insurance Claims Litigation Association Inc Washington, DC | $31,875 | $548,333 |
Justice & Public Safety Action Fund Washington, DC | $59,842 | $260,000 |
International Association Of Law Enforcement Intelligence Analysts Richmond, VA | $546,323 | $241,364 |
Citizens For Tax Justice Inc Washington, DC | $287,742 | $0 |
Black Women Forward Washington, DC | $922,707 | $1,000,000 |