Sifma Foundation For Investor Education Fie Inc
- Assets
- $10.8m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 13
- Location
- New York, NY
- Founding
- 10/1977
- Data as of
- 10/2020
- EIN
- 52-1087193
Organization Overview
Sifma Foundation For Investor Education Fie Inc is located in New York, NY. The organization was established in 1977. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 10/2020, Sifma Foundation For Investor Education Fie Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sifma Foundation For Investor Education Fie 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 10/2020, Sifma Foundation For Investor Education Fie Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $3.8m during the year ending 10/2020. While expenses have increased by 0.1% per year over the past 6 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.
Since 2015, Sifma Foundation For Investor Education Fie Inc has awarded 11 individual grants totaling $543,085. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SIFMA FOUNDATION IS DEDICATED TO FOSTERING KNOWLEDGE AND UNDERSTANDING OF THE FINANCIAL MARKETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE STOCK MARKET GAME (TM)THE SIFMA FOUNDATION'S ACCLAIMED THE STOCK MARKET GAME (TM) PROGRAM IS AN ONLINE SIMULATION OF THE GLOBAL CAPITAL MARKETS THAT ENGAGES STUDENTS GRADES 4-12 IN THE WORLD OF ECONOMICS, INVESTING AND PERSONAL FINANCE, AND PREPARES THEM FOR FINANCIALLY INDEPENDENT FUTURES. MORE THAN 600,000 STUDENTS TAKE PART EVERY SCHOOL YEAR ACROSS ALL 50 STATES. THE STOCK MARKET GAME HAS REACHED 19 MILLION STUDENTS SINCE ITS INCEPTION IN 1977.INVESTWRITE (R)THE SIFMA FOUNDATION'S INVESTWRITE (TM) NATIONAL ESSAY COMPETITION IS A CULMINATING ACTIVITY FOR THE STOCK MARKET GAME STUDENTS, EXTENDING WHAT THEY HAVE LEARNED IN SMG BY CHALLENGING THEM TO ANALYZE, THINK CRITICALLY AND PROBLEM SOLVE. STUDENTS ADDRESS REAL WORLD FINANCIAL ISSUES AND SITUATIONS BY ANSWERING A QUESTION ABOUT LONG-TERM SAVING AND INVESTING. A NEW THEME AND QUESTION ARE POSED EACH YEAR. SINCE THE PROGRAM BEGAN IN 2004 OVER 234,000 ESSAYS HAVE BEEN WRITTEN IN CLASSROOMS ACROSS THE COUNTRY AND ALMOST 38,000 VOLUNTEERS HAVE SERVED AS JUDGES IN THE WRITING COMPETITION.CAPITOL HILL CHALLENGE (TM)THE SIFMA FOUNDATION'S ANNUAL CAPITOL HILL CHALLENGE (TM) (CHC), PRESENTED BY THE CHARLES SCHWAB FOUNDATION, IS AN EXCITING NATIONAL FINANCIAL EDUCATION COMPETITION FOR JUNIOR HIGH AND HIGH SCHOOLS THAT REACHES ALL 50 U.S. STATES AND THEIR MEMBERS OF CONGRESS. CHC MATCHES MEMBERS OF CONGRESS WITH STUDENTS, TEACHERS, AND SCHOOLS COMPETING IN THE STOCK MARKET GAME (TM) IN THEIR RESPECTIVE DISTRICT OR STATE. STUDENT TEAMS MANAGE A HYPOTHETICAL $100,000 ONLINE PORTFOLIO AND INVEST IN REAL STOCKS, BONDS, AND MUTUAL FUNDS. SINCE ITS INCEPTION IN 2004, CHC HAS MADE ALMOST 5,000 MATCHES OF U.S. REPRESENTATIVES AND SENATORS WITH SCHOOLS, ENCOMPASSING MORE THAN 125,000 STUDENTS ACROSS THE COUNTRY.INVEST IT FORWARD (R)INVEST IT FORWARD (R) IS AN AWARD-WINNING INDUSTRY-WIDE FINANCIAL EDUCATION AND CAPITAL MARKETS LITERACY CAMPAIGN CONVENING HUNDREDS OF FINANCIAL FIRMS THAT ARE COMMITTED TO GIVING YOUNG AMERICANS A SOLID UNDERSTANDING OF THE CAPITAL MARKETS SYSTEM AND THE INVALUABLE TOOLS TO ACHIEVE THEIR DREAMS. INVEST IT FORWARD IS DESIGNED TO HELP YOUNG PEOPLE UNDERSTAND HOW TO HARNESS THE CAPITAL MARKETS FOR THEIR OWN BENEFIT AND REALIZE THEIR DREAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Mortimer President, Secretary | Officer | 40 | $372,999 |
Dario Stipisic Vice President | 40 | $179,725 | |
Michelle Noguchi Vice President | 40 | $173,359 | |
Elizabeth Reidel Managing Director | 40 | $172,872 | |
Nancy Kahn Vice President | 40 | $159,561 | |
Pareen Kohlhaas Vice President | 40 | $123,165 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scivantage Processing Service | 10/30/20 | $180,000 |
Broadridge Securities Processing Service | 10/30/20 | $139,332 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,981,426 |
| Investment income | $197,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $4,561,649 |
| Statement of Expenses | |
|---|---|
| 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. | $428,878 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,494,376 |
| Pension plan accruals and contributions | $235,860 |
| Other employee benefits | $240,033 |
| Payroll taxes | $125,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,841 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $417,921 |
| Advertising and promotion | $0 |
| Office expenses | $38,388 |
| Information technology | $579,836 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155,147 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,843,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,576 |
| Savings and temporary cash investments | $15,509 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,428,130 |
| 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 | $0 |
| Investments—publicly traded securities | $9,173,342 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,582 |
| Total assets | $10,781,139 |
| Accounts payable and accrued expenses | $107,218 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $380,040 |
| Total liabilities | $487,258 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $10,293,881 |
Grants Awarded
Over the last fiscal year, Sifma Foundation For Investor Education Fie Inc has awarded $20,985 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: FINANCIAL EDUCATION | $15,000 |
Phoenix, AZ PURPOSE: FINANCIAL EDUCATION | $5,985 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Sifma Foundation For Investor Education Fie Inc has recieved totaling $566,595.
| Awarding Organization | Amount |
|---|---|
Broadridge Foundation Newark, NJ PURPOSE: FOSTERING KNOWLEDGE IN FINANCIAL MARKETS TO INDIVIDUALS | $270,000 |
Broadridge Foundation Newark, NJ PURPOSE: FOSTERING KNOWLEDGE IN FINANCIAL MARKETS TO INDIVIDUALS | $120,000 |
Finra Regulation Inc Rockville, MD PURPOSE: GENERAL SUPPORT | $75,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $63,854 |
Edward D Jones & Company Foundation St Louis, MO PURPOSE: EDUCATION | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Institute For Economic Research Inc Great Barrington, MA | $214,395,947 | $3,768,400 |
The Institute For New Economic Thinking Inc New York, NY | $26,645,757 | $24,831,883 |
Council For Economic Education New York, NY | $5,635,385 | $6,851,531 |
Secured Finance Network Inc New York, NY | $3,073,536 | $3,338,734 |
Sifma Foundation For Investor Education Fie Inc New York, NY | $10,781,139 | $4,561,649 |
Economic Club Of New York New York, NY | $9,916,092 | $3,506,192 |
Center For Economic Growth Albany, NY | $2,002,118 | $2,266,001 |
Applied Economics Clinic Arlington, MA | $422,527 | $1,026,764 |
Schumacher Center For A New Economics Great Barrington, MA | $912,234 | $672,691 |
Institute For Economics And Peace New York, NY | $187,362 | $427,518 |
Mainsail Network Inc New York, NY | $57,987 | $204,862 |
Cloud Institute For Sustainability Education Ancram, NY | $83,303 | $249,374 |