The Institute For Financial Markets
- Assets
- $6.3m
- Revenue
- $527.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 52-1634508
Organization Overview
The Institute For Financial Markets is located in Washington, DC. The organization was established in 1994. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2021, Institute For Financial Markets employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Financial Markets 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 12/2021, Institute For Financial Markets generated $527.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $940.9k during the year ending 12/2021. 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
THE INSTITUTE'S MISSION FOCUSES ON DERIVATIVES MARKETS EDUCATION AND ETHICS TRAINING TO IMPROVE THE TECHNICAL COMPETENCE OF THOSE IN THE FINANCIAL SERVICES INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT OF PRODUCTS AND MARKET-BASED EDUCATIONAL MATERIALS DIRECTED TO INDUSTRY PROFESSIONALS, MARKET USERS, ACADEMICS AND THOSE WHO SHAPE AND IMPLEMENT PUBLIC FINANCIAL SERVICES INDUSTRY. THE DEVELOPMENT OF STANDARDS AND FOSTERING BEST PRACTICES INITIATIVES IN THE FUTURES AND RELATED FINANCIAL SERVICES INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Foshee President | OfficerTrustee | 32.5 | $262,200 |
Myrtle Allen Administrative Manager | 32.5 | $115,011 | |
Gary Dewaal Vice Chairman | OfficerTrustee | 0.5 | $0 |
Daniel Driscoll Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Michael Dawley Chairman | OfficerTrustee | 0.5 | $0 |
Arhtur W Hahn Member Of Board Of Trustees | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evergreen Financial Management Technology Services | 12/30/14 | $133,980 |
Bluetext Strategic Planning | 12/30/14 | $120,719 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $86,784 |
| 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 | $86,784 |
| Total Program Service Revenue | $110,107 |
| Investment income | $182,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $147,435 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $527,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $212,666 |
| 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. | $297,191 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,266 |
| Pension plan accruals and contributions | $10,459 |
| Other employee benefits | $11,575 |
| Payroll taxes | $25,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,864 |
| Fees for services: Other | $43,085 |
| Advertising and promotion | $19,884 |
| Office expenses | $3,956 |
| Information technology | $3,412 |
| Royalties | $0 |
| Occupancy | $39,528 |
| Travel | $3,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,950 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,189 |
| Insurance | $1,602 |
| All other expenses | $469 |
| Total functional expenses | $940,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,716 |
| 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 | $7,597 |
| Net Land, buildings, and equipment | $50,017 |
| Investments—publicly traded securities | $6,077,160 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,341,875 |
| Accounts payable and accrued expenses | $166,790 |
| 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 | $869 |
| Total liabilities | $167,659 |
| Net assets without donor restrictions | $6,174,216 |
| 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 | $6,341,875 |
Grants Awarded
Over the last fiscal year, The Institute For Financial Markets has awarded $212,666 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: general support | $200,000 |
New York, NY | | $6,666 |
Chicago, IL PURPOSE: General Support | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brookings Institution Washington, DC | $492,547,778 | $79,395,655 |
Mercatus Center Inc Arlington, VA | $43,899,623 | $50,106,510 |
Atlas Economic Research Foundation Arlington, VA | $16,820,562 | $19,446,645 |
Institute For Operations Research And The Management Sciences Catonsville, MD | $26,434,538 | $15,117,457 |
Economic Policy Institute Washington, DC | $19,510,723 | $16,459,436 |
Washington Center For Equitable Growth Inc Washington, DC | $11,979,868 | $8,578,592 |
The Economic Club Of Washington Dc Washington, DC | $12,647,182 | $5,525,813 |
Better Markets Inc Washington, DC | $2,865,112 | $2,225,155 |
Partnership For A New American Economy Research Fund Inc Washington, DC | $0 | $2,102,379 |
The Institute For Financial Markets Washington, DC | $6,341,875 | $527,039 |
Virginia Council On Economic Education Richmond, VA | $1,591,140 | $909,613 |
Maryland Center On Economic Policy Inc Baltimore, MD | $515,217 | $676,248 |