Managed Funds Association
- Assets
- $34.9m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1994
- Data as of
- 09/2023
- EIN
- 77-0277826
Organization Overview
Managed Funds Association is located in Washington, DC. The organization was established in 1994. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Managed Funds Association 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 09/2023, Managed Funds Association generated $28.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $27.0m during the year ending 09/2023. While expenses have increased by 6.5% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MANAGED FUNDS ASSOCIATION (MFA), BASED IN WASHINGTON, DC, NEW YORK, BRUSSELS, AND LONDON, REPRESENTS THE GLOBAL ALTERNATIVE ASSET MANAGEMENT INDUSTRY. MFA'S MISSION IS TO ADVANCE THE ABILITY OF ALTERNATIVE ASSET MANAGERS TO RAISE CAPITAL, INVEST, AND GENERATE RETURNS FOR THEIR BENEFICIARIES. MFA ADVOCATES ON BEHALF OF ITS MEMBERSHIP AND CONVENES STAKEHOLDERS TO ADDRESS GLOBAL REGULATORY, OPERATIONAL, AND BUSINESS ISSUES. MFA HAS MORE THAN 180 MEMBER FUND MANAGERS, INCLUDING TRADITIONAL HEDGE FUNDS, CREDIT FUNDS, AND CROSSOVER FUNDS, THAT COLLECTIVELY MANAGE OVER $3.2 TRILLION ACROSS A DIVERSE GROUP OF INVESTMENT STRATEGIES. MEMBER FIRMS HELP PENSION PLANS, UNIVERSITY ENDOWMENTS, CHARITABLE FOUNDATIONS, AND OTHER INSTITUTIONAL INVESTORS TO DIVERSIFY THEIR INVESTMENTS, MANAGE RISK, AND GENERATE ATTRACTIVE RETURNS OVER TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY: MFA PROMOTES PUBLIC POLICIES THAT FOSTER EFFICIENT, TRANSPARENT, AND FAIR CAPITAL MARKETS. WITH INPUT FROM OUR MEMBERS, MFA WORKS CONSTRUCTIVELY WITH POLICYMAKERS AROUND THE GLOBE TO HELP INFORM THE LEGISLATIVE AND REGULATORY PROCESSES.
RESEARCH: MFA ADVANCES THE UNDERSTANDING OF THE ALTERNATIVE ASSET MANAGEMENT INDUSTRY AND POLICIES IMPACTING OUR MEMBERS' ABILITY TO SERVE THEIR INVESTORS THROUGH RESEARCH.
EDUCATION: EACH YEAR, MFA HOLDS DOZENS OF CONFERENCES, FORUMS, AND OTHER EVENTS THAT GIVE OUR MEMBERS THE TOOLS AND INFORMATION THEY NEED TO THRIVE IN AN EVOLVING GLOBAL REGULATORY LANDSCAPE.
COMMUNICATION: THROUGH OUTREACH TO JOURNALISTS AND THOUGHT LEADERS, MFA INFORMS COVERAGE OF THE ALTERNATIVE ASSET MANAGEMENT INDUSTRY AND HIGHLIGHTS THE WORK OUR MEMBERS DO TO PROVIDE RETIREMENT SECURITY FOR WORKERS, CAPITAL FOR BUSINESSES, AND INCREASED RESOURCES FOR ENDOWMENTS AND FOUNDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Birrell Chair | OfficerTrustee | 2 | $0 |
Jim Rowen Vice Chair (thru 1/23) | OfficerTrustee | 2 | $0 |
Natalie Deak Jaros Secretary & Treasurer | OfficerTrustee | 2 | $0 |
Des Anderson Elected Director | Trustee | 2 | $0 |
Mark Bailey Elected Director | Trustee | 2 | $0 |
Susanne Clark Elected Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Narrative Strategies Llc Communication Svcs | 9/29/23 | $1,308,661 |
Sullivan & Cromwell Llp Domestic Legislative & Regulatory Svcs | 9/29/23 | $247,472 |
Cravath Swaine & Moore Llp Domestic Legislative & Regulatory Svcs | 9/29/23 | $195,000 |
Federal Hall Policy Advisors Llc Domestic Legislative & Regulatory Svcs | 9/29/23 | $192,500 |
Alpine Group Partners Llc Domestic Legislative & Regulatory Svcs | 9/29/23 | $192,500 |
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 | $27,069,083 |
| Investment income | $895,718 |
| 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 | $27,969,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $7,000,974 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,169,823 |
| Pension plan accruals and contributions | $204,417 |
| Other employee benefits | $419,001 |
| Payroll taxes | $627,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,669,532 |
| Fees for services: Accounting | $36,183 |
| Fees for services: Lobbying | $1,922,208 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,682 |
| Fees for services: Other | $1,286,679 |
| Advertising and promotion | $403,555 |
| Office expenses | $560,240 |
| Information technology | $687,225 |
| Royalties | $0 |
| Occupancy | $955,713 |
| Travel | $755,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,776,180 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,469 |
| Insurance | $26,242 |
| All other expenses | $10,917 |
| Total functional expenses | $26,960,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,328,513 |
| Savings and temporary cash investments | $19,967,963 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $584,308 |
| 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 | $540,884 |
| Net Land, buildings, and equipment | $1,462,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,025,021 |
| Total assets | $34,909,058 |
| Accounts payable and accrued expenses | $5,470,650 |
| Grants payable | $0 |
| Deferred revenue | $11,303,147 |
| 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 | $7,102,828 |
| Total liabilities | $23,876,625 |
| Net assets without donor restrictions | $11,032,433 |
| 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 | $34,909,058 |