Interactive Financial Exchange Forum Inc
- Assets
- $130.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 01/2003
- Data as of
- 06/2017
- EIN
- 54-1964448
Organization Overview
Interactive Financial Exchange Forum Inc is located in Wakefield, MA. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. Interactive Financial Exchange Forum 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 06/2017, Interactive Financial Exchange Forum Inc generated $196.5k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $219.3k during the year ending 06/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3
THE INTERACTIVE FINANCIAL EXCHANGE FORUM WAS FORMED IN 1997 TO CREATE A MESSAGING STANDARD FOR FINANCIAL SERVICES THAT WOULD ADDRESS THE CHALLENGES FACED WITH THE ADVENT OF NETWORK-BASED COMPUTING MODELS. THROUGH THE USE OF COMMITTEES AND WORKING GROUPS, THE FORUM WORKS TO FACILITATE THE DESIGN OF A NEXT GENERETION XML STANDARD THAT WOULD BE USABLE IN MANY TYPES OF ENVIRONMENTS, EXTENSIBLE TO COVER MANY TYPES OF FINANCIAL TRANSACTIONS, AND GLOBALLY FOCUSED IN RECOGNITION OF THE INCREASED NEED TO COMMUNICATE AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard P Urban President | 40 | $60,000 | |
Victor Dossey Treasurer | 2 | $0 | |
Anita Brady Chairperson | 4 | $0 | |
Murray Heldon Secretary | 4 | $0 | |
Ewan Mcguire Director | 2 | $0 | |
Frederique Slevin Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $196,220 |
| Membership dues | $0 |
| Investment income | $297 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $196,517 |
| Statement of Expenses | |
|---|---|
| Total expenses | $219,256 |
| Balance Sheet | |
|---|---|
| Total assets | $130,809 |
| Total liabilities | $139,631 |
| Net assets or fund balances | -$8,822 |
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