Securities Industry And Financial Markets Association Inc
- Assets
- $72.9m
- Revenue
- $60.3m
- Investments
- $0.0
- Employees
- 153
- Location
- New York, NY
- Founding
- 04/2008
- Data as of
- 10/2023
- 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 10/2023, Securities Industry And Financial Markets Association Inc employed 153 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 10/2023, Securities Industry And Financial Markets Association Inc generated $60.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $57.5m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 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 135 individual grants totaling $3,105,022. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SIFMA IS THE VOICE OF THE NATION'S SECURITIES INDUSTRY, BRINGING TOGETHER (CONT. ON SCH. O) THE SHARED INTERESTS OF HUNDREDS OF BROKER-DEALERS, INVESTMENT BANKS AND ASSET MANAGERS. WE ADVOCATE FOR EFFECTIVE AND RESILIENT CAPITAL MARKETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth E Bentsen Jr President & CEO | OfficerTrustee | 40 | $2,689,114 |
Jim Reynolds Chair | OfficerTrustee | 2 | $0 |
Kenneth Cella Chair Elect | OfficerTrustee | 2 | $0 |
Laura Chepucavage Vice Chair | OfficerTrustee | 2 | $0 |
Lisa Kidd Hunt Treasurer | OfficerTrustee | 2 | $0 |
James Wallin Treasurer (thru 03/2023) | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Lewis & Bockius Llp Legal | 10/30/23 | $630,568 |
Washington Coun Ernst & Young Llp Consulting | 10/30/23 | $618,933 |
Cravath Swaine & Moore Llp Legal | 10/30/23 | $210,000 |
Crossroads Strategies Llc Consulting | 10/30/23 | $210,000 |
Targeted Victory Llc Consulting | 10/30/23 | $213,000 |
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 | $57,517,180 |
| Investment income | $1,979,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $237,321 |
| 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 | $60,293,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $203,400 |
| 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. | $8,059,362 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,883,575 |
| Pension plan accruals and contributions | $2,017,476 |
| Other employee benefits | $2,438,279 |
| Payroll taxes | $1,494,119 |
| Fees for services: Management | $119,488 |
| Fees for services: Legal | $1,434,829 |
| Fees for services: Accounting | $145,662 |
| Fees for services: Lobbying | $868,849 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,218,209 |
| Advertising and promotion | $0 |
| Office expenses | $455,412 |
| Information technology | $802,904 |
| Royalties | $0 |
| Occupancy | $1,614,032 |
| Travel | $923,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,995,651 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,207,946 |
| Insurance | $0 |
| All other expenses | $95,376 |
| Total functional expenses | $57,479,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,838,804 |
| Savings and temporary cash investments | $23,527,293 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,667 |
| 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 | $2,234,507 |
| Net Land, buildings, and equipment | $7,107,287 |
| Investments—publicly traded securities | $13,592,039 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,583,190 |
| Total assets | $72,929,787 |
| Accounts payable and accrued expenses | $11,982,067 |
| Grants payable | $0 |
| Deferred revenue | $4,158,794 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $191,443 |
| 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 | $33,903,784 |
| Total liabilities | $50,236,088 |
| Net assets without donor restrictions | $22,693,699 |
| 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 | $72,929,787 |
Grants Awarded
Over the last fiscal year, Securities Industry And Financial Markets Association Inc has awarded $177,872 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COMMITTEE ON CAPITAL MARKETS REGULATION INC PURPOSE: PROGRAM SUPPORT | $55,000 |
FORMER MEMBERS OF CONGRESS INC PURPOSE: PROGRAM SUPPORT | $8,000 |
GARY SINISE FOUNDATION PURPOSE: PROGRAM SUPPORT | $6,872 |
NATIONAL ADULT PROTECTIVE SERVICES ASSOCIATION PURPOSE: PROGRAM SUPPORT | $10,000 |
NCSL FOUNDATION FOR STATE LEGISLATURES PURPOSE: PROGRAM SUPPORT | $10,000 |
PREVENT CANCER FOUNDATION PURPOSE: PROGRAM SUPPORT | $10,000 |