Securities Industry And Financial Markets Association Inc
- Assets
- $42.8m
- Revenue
- $47.7m
- Investments
- $0.0
- Employees
- 136
- Location
- New York, NY
- Founding
- 04/2008
- Data as of
- 10/2021
- EIN
- 32-0178959
Organization Overview
Securities Industry And Financial Markets Association Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 10/2021, Securities Industry And Financial Markets Association Inc employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Securities Industry And Financial Markets Association Inc 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 10/2021, Securities Industry And Financial Markets Association Inc generated $47.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $49.3m during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Securities Industry And Financial Markets Association Inc has awarded 96 individual grants totaling $2,446,675. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SIFMA IS THE LEADING TRADE ASSOCIATION FOR BROKER-DEALERS, INVESTMENT BANKS (CONT. ON SCH. O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
CONTINUED SERVING AS A SOURCE OF MARKET INFORMATION, INCLUDING STATISTICS ON MANY FACETS OF THE MARKET PLACE AND PUBLISHING RESEARCH REPORTS, TRADE NEWSLETTERS AND OTHER PERIODICALS AND BOOKS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth E Bentsen Jr President & CEO | OfficerTrustee | 40 | $2,418,686 |
Joseph Seidel COO | Officer | 40 | $1,093,334 |
Ira D Hammerman Evp/gc (see Sch. J 457 Fn) | Officer | 40 | $982,302 |
David B Krasner CFO & Cao | Officer | 40 | $692,590 |
Timothy W Cameron Managing Director | 40 | $627,766 | |
Jamie Wall Executive Vice President | Officer | 40 | $599,544 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Covington & Burling Llp Legal | 10/30/21 | $955,140 |
Ernst & Young Llp Consulting | 10/30/21 | $480,000 |
Grant Thornton Llp Accounting | 10/30/21 | $197,070 |
Hilltop Public Solutions Llc Consulting | 10/30/21 | $392,214 |
Elmendorf Ryan Consulting | 10/30/21 | $165,000 |
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 | $46,783,222 |
| Investment income | $215,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $204,729 |
| Net Rental Income | $0 |
| 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 | $47,657,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $193,519 |
| 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. | $7,181,220 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,984,145 |
| Pension plan accruals and contributions | $1,945,594 |
| Other employee benefits | $2,188,660 |
| Payroll taxes | $1,388,610 |
| Fees for services: Management | $31,593 |
| Fees for services: Legal | $2,410,733 |
| Fees for services: Accounting | $129,603 |
| Fees for services: Lobbying | $624,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,963 |
| Fees for services: Other | $986,427 |
| Advertising and promotion | $0 |
| Office expenses | $515,299 |
| Information technology | $677,330 |
| Royalties | $0 |
| Occupancy | $3,788,818 |
| Travel | $111,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,800,081 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,953,220 |
| Insurance | $0 |
| All other expenses | $169,132 |
| Total functional expenses | $49,290,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,859,342 |
| Savings and temporary cash investments | $16,880,911 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,417 |
| 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 | $2,500,195 |
| Net Land, buildings, and equipment | $4,019,514 |
| Investments—publicly traded securities | $14,203,814 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,298,194 |
| Total assets | $42,827,387 |
| Accounts payable and accrued expenses | $10,143,524 |
| Grants payable | $0 |
| Deferred revenue | $3,160,888 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $276,532 |
| 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 | $11,352,373 |
| Total liabilities | $24,933,317 |
| Net assets without donor restrictions | $17,894,070 |
| 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 | $42,827,387 |
Grants Awarded
Over the last fiscal year, Securities Industry And Financial Markets Association Inc has awarded $173,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: PROGRAM SUPPORT | $50,000 |
Washington, DC PURPOSE: PROGRAM SUPPORT | $20,000 |
Washington, DC PURPOSE: PROGRAM SUPPORT | $18,000 |
New York, NY PURPOSE: PROGRAM SUPPORT | $15,000 |
Washington, DC PURPOSE: PROGRAM SUPPORT | $15,000 |
Alexandria, VA PURPOSE: PROGRAM SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Securities Industry And Financial Markets Association Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Edison Electric Institute Washington, DC PURPOSE: CONTRIBUTION/PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conference Board Inc New York, NY | $64,541,991 | $72,603,284 |
Securities Industry And Financial Markets Association Inc New York, NY | $42,827,387 | $47,657,181 |
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |