North American Securities Administrators Association Inc
- Assets
- $29.9m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 27
- Location
- Washington, DC
- Founding
- 06/1994
- Data as of
- 12/2022
- EIN
- 47-0730228
Organization Overview
North American Securities Administrators Association Inc is located in Washington, DC. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, North American Securities Administrators Association Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North American Securities Administrators Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, North American Securities Administrators Association Inc generated $14.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $8.8m during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER ACTIVITIES ARE ORGANIZED THROUGHOUT THE YEAR TO PROVIDE EDUCATION AND COLLABORATIVE OPPORTUNITIES TO MEMBERS WHO DEAL WITH SECURITIES REGULATION AND ENFORCEMENT MATTERS. AMONG THESE ACTIVITIES, NASAA ROUTINELY PROVIDES NEW CONTENT FOR SERIES 63, SERIES 65 AND SERIES 66 EXAMINATIONS, WHICH ARE OWNED BY NASAA AND ARE UTILIZED IN THE FINANCIAL SERVICES INDUSTRY.
NASAA'S MULTI-PRONGED MISSION INCLUDES SERVING MEMBERS THROUGH EDUCATION. IN FULFILLING THIS ASPECT OF THE ORGANIZATION'S MISSION, NASAA MAINTAINS A TRAINING AND EDUCATION PROGRAM COMPRISED OF A SERIES OF IN-PERSON TRAINING EVENTS AND WEBINARS THAT TAKE PLACE THROUGHOUT THE YEAR. THE EVENTS ARE LARGELY FUNDED BY THE ORGANIZATION AND AVAILABLE PRIMARILY TO NASAA MEMBERS AND THEIR STAFF. TRAINING EVENTS FOCUSED ON THE FOLLOWING AREAS ARE HELD ANNUALLY: ENFORCEMENT, INVESTMENT ADVISER REGULATION, INVESTOR EDUCATION, BROKER-DEALER REGULATION, CORPORATION FINANCE AND FRANCHISE REGULATION. LITIGATION AND DEPOSITION SKILLS TRAINING SEMINARS ARE HELD IN ALTERNATING YEARS. NASAA RECORDS THESE TRAINING EVENTS AND MAKES THEM AVAILABLE TO MEMBERS ON THE DISTANCE LEARNING SECTION OF THE NASAA WEBSITE.
NASAA, UNDER THE LEADERSHIP OF ITS STATE SECURITIES REGULATOR MEMBERS, OPERATES THE ELECTRONIC FILING DEPOSITORY ("EFD"). THE EFD SYSTEM BENEFITS FROM THE OVERSIGHT OF THE NASAA BOARD OF DIRECTORS AND SUBJECT MATTER EXPERTISE FROM THE EFD STEERING COMMITTEE. EFD IS AN INTERNET ACCESSIBLE DATABASE SYSTEM THAT ALLOWS ISSUERS TO SUBMIT REGULATORY FILINGS AND PAY RELATED FEES TO STATE SECURITIES REGULATORS. PRIOR TO 2021, THE FILINGS THAT COULD BE SUBMITTED THROUGH THE EFD MANAGED FUNCTIONALITY INCLUDED FORM D FOR REGULATION D, RULE 506 FILINGS, FORM NF-UIT FILINGS, AND VARIOUS OTHER CORPORATE FINANCE FILINGS. NASAA EXPANDED THE MANAGED FUNCTIONALITY TO INCLUDE FRANCHISE REGISTRATION FILINGS IN MAY 2021. EFD ALSO PROVIDES A PUBLIC FACING WEBSITE TO SEARCH AND VIEW, FREE OF CHARGE, FILINGS MADE THROUGH THE SYSTEM TO STATE SECURITIES REGULATORS. THE EFD SYSTEM ALLOWS FILERS AND STATE REGULATORY AGENCIES TO TRANSITION FROM PAPER-BASED FILING SYSTEMS TO AN ELECTRONIC SYSTEM. BY FOSTERING UNIFORMITY IN STATE REGULATORY FILINGS, AND SIMPLIFYING COMMUNICATIONS BETWEEN FILER AND REGULATOR, EFD SERVES ITS MEMBER REGULATORS WITH A MORE EFFICIENT AND EFFECTIVE MEANS TO RECEIVE AND MONITOR SECURITIES FILINGS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Brady Executive Director | Officer | 40 | $443,800 |
Marina Alonso-Mendoza Director Of Finance And Ops | Officer | 40 | $208,408 |
Vincente Martinez General Counsel | 40 | $243,330 | |
Zachary Knepper Deputy General Counsel | 40 | $197,589 | |
James Apistolas Director Of Eem | 40 | $171,628 | |
Kristen Hutchens Director Of Policy And Gov't Affairs | 40 | $167,603 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Software Consulting Services Llc Efd Software Development And Administrat | 12/30/22 | $340,322 |
Global Meeting Partners Inc Audio Visual Equipment For Meetings | 12/30/22 | $313,958 |
Auditboard Inc Nemo Software Development And Support | 12/30/22 | $276,040 |
Prometric Llc Iarce And Series Exam Program Administra | 12/30/22 | $275,019 |
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 | $13,726,590 |
| Investment income | $548,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $41,245 |
| Net Rental Income | $2,022 |
| Net Gain/Loss on Asset Sales | -$140,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,184,404 |
| 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. | $763,019 |
| Compensation of current officers, directors, key employees. | $508,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,354,296 |
| Pension plan accruals and contributions | $240,874 |
| Other employee benefits | $241,388 |
| Payroll taxes | $202,924 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,441 |
| Fees for services: Accounting | $74,197 |
| Fees for services: Lobbying | $45,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,128 |
| Fees for services: Other | $703,531 |
| Advertising and promotion | $15,332 |
| Office expenses | $224,153 |
| Information technology | $506,863 |
| Royalties | $0 |
| Occupancy | $230,904 |
| Travel | $963,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,676,439 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $324,688 |
| Insurance | $58,382 |
| All other expenses | $0 |
| Total functional expenses | $8,793,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,685,079 |
| Savings and temporary cash investments | $1,178,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $715,298 |
| 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 | $606,089 |
| Net Land, buildings, and equipment | $590,084 |
| Investments—publicly traded securities | $22,858,719 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,280,107 |
| Total assets | $29,913,852 |
| Accounts payable and accrued expenses | $1,098,022 |
| Grants payable | $0 |
| Deferred revenue | $390 |
| 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 | $2,297,231 |
| Total liabilities | $3,395,643 |
| Net assets without donor restrictions | $26,518,209 |
| 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 | $29,913,852 |