The Institute For Financial Markets
- Assets
- $5.1m
- Revenue
- $251.6k
- Investments
- $4.8m
- Employees
- 2
- Location
- Washington, DC
- Founding
- 05/1994
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Institute For Financial Markets generated $251.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.1%) each year. All expenses for the organization totaled $827.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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 | 32.5 | $279,996 | |
Walter Lukken Trustee | 0.5 | $0 | |
Michael C Dawley Chairman | 0.5 | $0 | |
Gary A Dewaal Vice Chairman | 0.5 | $0 | |
Daniel Driscoll Secretary/treasurer | 0.5 | $0 | |
Peter Borish Member Of Board Of Trustees | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bluetext Strategic Planning | 12/30/14 | $120,719 |
Evergreen Financial Management Technology Services | 12/30/14 | $133,980 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,798 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,847 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $187,636 |
| Total Revenue | $251,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $279,996 |
| Other employee salaries and wages | $130,508 |
| Pension plans, employee benefits | $83,556 |
| Interest | $0 |
| Taxes | $25,260 |
| Depreciation | $10,017 |
| Occupancy | $41,676 |
| Travel, conferences, and meetings | $7,373 |
| Printing and publications | $0 |
| Other expenses | $92,487 |
| Total operating and administrative expenses | $787,188 |
| Contributions, gifts, grants paid | $40,436 |
| Total expenses and disbursements | $827,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,840 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $21,981 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,910 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $39,997 |
| Other assets | $0 |
| Total assets | $5,099,497 |
| Accounts payable and accrued expenses | $187,088 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,283 |
| Total liabilities | $189,371 |
Grants Awarded
Over the last fiscal year, The Institute For Financial Markets has awarded $40,436 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FUTURES FUNDAMENTALS NFP PURPOSE: GENERAL SUPPORT | $25,000 |
BREAKTHROUGH NY PURPOSE: GENERAL SUPPORT | $3,333 |
GREENWOOD PROJECT PURPOSE: GENERAL SUPPORT | $12,000 |
CONGREGATION BETH EL BETHESDA PURPOSE: GENERAL SUPPORT | $103 |