2022-09-13T12:49:02-05:00 2021-10-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2020-11-01 521087193 SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC SIFM 2123131371 140 BROADWAY 35TH FLOOR NEW YORK NY 10005 MELANIE MORTIMER PRESIDENT 2123131371 2022-09-13 1 MELANIE MORTIMER XXX-XX-XXXX DANIEL ROMANO P00504182 2125990100 3 AAL1 IAL1 2020 2023-04-26 12:10:37Z X MELANIE MORTIMER 140 BROADWAY 35TH FLOOR NEW YORK NY 10005 3782191 0 X WWW.SIFMA.ORG/ABOUT/SIFMA-FOUNDATION X 1976 DE SEE SCHEDULE O 14 14 12 14596 0 0 3981426 3203925 383035 295463 197188 149497 0 0 4561649 3648885 95405 16000 0 0 2524857 2647596 0 0 206043 1223500 1337048 3843762 4000644 717887 -351759 10781139 11930027 487258 571090 10293881 11358937 X THE SIFMA FOUNDATION IS DEDICATED TO FOSTERING KNOWLEDGE AND UNDERSTANDING OF THE FINANCIAL MARKETS FOR INDIVIDUALS OF ALL BACKGROUNDS. (CONTINUED ON SCHEDULE O)DRAWING ON THE SUPPORT AND EXPERTISE OF THE FINANCIAL INDUSTRY, THE SIFMA FOUNDATION PROVIDES FINANCIAL EDUCATION PROGRAMS AND TOOLS THAT STRENGTHEN ECONOMIC OPPORTUNITY ACROSS COMMUNITIES AND INCREASE INDIVIDUALS' AWARENESS OF AND ACCESS TO THE BENEFITS OF THE GLOBAL MARKETPLACE. 0 0 3358632 16000 295463 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 20 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 (TM)INVEST IT FORWARD (TM) 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. 3358632 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 16 0 1 12 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X NAM KIM 2123131371 140 BROADWAY 35TH FLOOR NEW YORK NY 10005 MELANIE MORTIMER PRESIDENT, SECRETARY 40.00 0.00 X 371306 0 51681 ELIZABETH REIDEL MANAGING DIRECTOR 40.00 0.00 X 192961 0 68544 DARIO STIPISIC VICE PRESIDENT 40.00 0.00 X 184926 0 73132 NANCY KAHN VICE PRESIDENT 40.00 0.00 X 164174 0 51729 MICHELLE NOGUCHI VICE PRESIDENT 40.00 0.00 X 169607 0 37715 VINCENT YOUNG ASSISTANT VICE PRESIDENT 40.00 0.00 X 130095 0 60837 RICHARD J DALY CHAIR 2.00 0.00 X X 0 0 0 LAWRENCE THOMAS VICE-CHAIR 2.00 0.00 X X 0 0 0 LISA KIDD HUNT VICE-CHAIR 2.00 0.00 X X 0 0 0 TODD DIGANCI TREASURER 1.50 0.00 X X 0 0 0 JAMES ALLEN DIRECTOR (AS OF 11/2020) 1.00 0.00 X 0 0 0 JAMES ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 BRYAN CHRISTIAN DIRECTOR 1.00 0.00 X 0 0 0 VANESSA COOKSEY DIRECTOR 1.00 0.00 X 0 0 0 DAVID DAWKINS DIRECTOR (AS OF 11/2020) 1.00 0.00 X 0 0 0 THOMAS GUBA DIRECTOR 1.00 0.00 X 0 0 0 KRISTEN KIMMELL DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL KISBER DIRECTOR 1.00 0.00 X 0 0 0 EVAN LAHUTA DIRECTOR 1.00 0.00 X 0 0 0 JOAN STEINBERG DIRECTOR 1.00 0.00 X 0 0 0 JAY HERSHENSON DIRECTOR (THRU 06/2021) 1.00 0.00 X 0 0 0 MATTHEW SCOGIN DIRECTOR (THRU 07/2021) 1.00 0.00 X 0 0 0 1213069 0 343638 9 0 1 1 SCIVANTAGE INC PO BOX 674642 DETROIT MI 48267 SOFTWARE SERVICES 180000 BROADRIDGE SECUR PROCESSING SOLUTIONS PO BOX 416461 BOSTON MA 02241 INVESTMENT SERVICES 145832 THE PATRICK COLLINS GROUP LLC 201 WEST STREET LAINGSBURG MI 48848 CONSULTING 135425 3 1109433 2094492 3203925 SMG PROCESSING FEE 611710 295463 295463 295463 149497 149497 133306 1109433 133306 0 3648885 295463 0 149497 X 16000 16000 423122 190404 190406 42312 1577686 1314416 138488 124782 246258 203386 30016 12856 267320 220930 32479 13911 133210 103995 18137 11078 25193 25193 507030 507030 41867 41867 523236 523236 2035 2021 14 229569 228479 1090 DUES & REGISTRATION 4169 2919 1250 SUBSCRIPTION AND BOOKS 2843 2843 MISC. EXPENSES 1106 1106 4000644 3358632 435969 206043 123576 312762 15509 305819 1428130 907034 8668 8668 0 0 9173342 10389267 40582 15145 10781139 11930027 107218 160294 380040 410796 487258 571090 X 9293881 10692270 1000000 666667 10293881 11358937 10781139 11930027 -351759 1416815 0 X 0 1 X 1 0 X 3623551 3725724 2703153 3981426 3203925 17237779 3623551 3725724 2703153 3981426 3203925 17237779 4517333 12720446 137544 172935 219486 197188 149497 876650 148431 207793 160630 199 133306 650359 18764788 1735744 0.67790 0.67130 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2016 AMOUNT: $ 148,431. 2017 AMOUNT: $ 207,708. 2018 AMOUNT: $ 160,560. 2019 AMOUNT: $ 199. 2020 AMOUNT: $ 133,306. OTHER - 2017 AMOUNT: $ 85. 2018 AMOUNT: $ 70. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8668 8668 0 0 DUE TO SIFMA 410796 410796 X 5529700 1416815 464000 1880815 3648885 0 3648885 4464644 464000 464000 4000644 0 4000644 PART X, LINE 2: THE FOUNDATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TRIBUTE DINNER 1242739 1109433 133306 133306 1242739 1109433 133306 133306 133306 0 1 JUMPSTART COALITION FOR PERSONAL FINANCIAL LITERACY 1001 CONNECTICUT AVE NW- SUITE 640 WASHINGTON DC 20036 522031287 501(C)(3) 15000 FINANCIAL EDUCATION 1 PART I, LINE 2: GRANT MONITORING THE SIFMA FOUNDATION CONDUCTS DUE DILIGENCE ON ORGANIZATIONS TO ENSURE THAT THEY ARE OFFICIAL 501(C)(3) TAX EXEMPT ORGANIZATIONS, IN GOOD FINANCIAL STANDING, WITH A TRACK RECORD OF DELIVERING ON THEIR MISSION, AND, TO THE EXTENT THIS INFORMATION IS AVAILABLE, COMPLYING WITH THEIR LEGAL AND FIDUCIARY REQUIREMENTS. THE FOUNDATION SEEKS OUT INFORMATION ON GUIDESTAR, CHARITY WATCH, AND MORE GENERALLY ON THE INTERNET PRIOR TO MAKING GRANTS. GRANTS ARE MADE ON A VERY LIMITED BASIS FOR SELECT ORGANIZATIONS AND/OR PROJECTS THAT COMPLEMENT THE WORK OF THE SIFMA FOUNDATION INCLUDING, IN PARTICULAR, HELPING TO ADVANCE THE FIELD/CAUSE OF FINANCIAL EDUCATION. THE SIFMA FOUNDATION REQUESTS AND REVIEWS GRANTEE REPORTS ON USE OF GRANT FUNDS AT THE CONCLUSION OF THEIR GRANT PERIOD. X X X X 0 0 0 0 0 0 0 1 0 MELANIE MORTIMER PRESIDENT, SECRETARY 306874 0 62500 0 1932 0 34200 0 17481 0 422987 0 0 0 ELIZABETH REIDEL MANAGING DIRECTOR 169971 0 22000 0 990 0 24399 0 44145 0 261505 0 0 0 DARIO STIPISIC VICE PRESIDENT 165419 0 18000 0 1507 0 23816 0 49316 0 258058 0 0 0 NANCY KAHN VICE PRESIDENT 137521 0 20000 0 6653 0 19627 0 32102 0 215903 0 0 0 MICHELLE NOGUCHI VICE PRESIDENT 152238 0 16000 0 1369 0 20687 0 17028 0 207322 0 0 0 VINCENT YOUNG ASSISTANT VICE PRESIDENT 111085 0 18000 0 1010 0 16617 0 44220 0 190932 0 0 0 PART I, LINE 7 NON-FIXED PAYMENTS THE BONUS IS BASED ON PERFORMANCE WHICH IS EVALUATED DURING AN ANNUAL EMPLOYEE REVIEW PROCESS THAT IS REVIEWED AND APPROVED BY THE BOARD. GENERAL STATEMENT REGARDING COVID-19 IMPACT: THE COVID-19 OUTBREAK HAS ADVERSELY IMPACTED THE LEVEL OF ECONOMIC ACTIVITY AROUND THE WORLD AND DISRUPTED NORMAL BUSINESS ACTIVITIES IN EVERY SECTOR OF THE ECONOMY. AS A RESULT OF THESE EVENTS, THE FOUNDATION MOVED TO VIRTUAL AND OR HYBRID EVENTS AND ADDED ONLINE LEARNING TO SUPPLEMENT ITS PROGRAMMING AND EXPECTS TO CONTINUE WITH THESE VIRTUAL AND OR HYBRID OPTIONS UNTIL IN-PERSON GATHERINGS CAN SAFELY RESUME. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE SIFMA FOUNDATION IS DEDICATED TO FOSTERING KNOWLEDGE AND UNDERSTANDING OF THE FINANCIAL MARKETS. FORM 990, PART V, LINE 2A: NUMBER OF EMPLOYEES REPORTED ON FORM W-3 THE FOUNDATION'S EMPLOYEES ARE INCLUDED IN THE W-3 FILING OF SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION, AN UNRELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 LISA KIDD HUNT AND MICHAEL KISBER HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE ACCOUNTING DEPARTMENT OF THE ORGANIZATION PREPARES THE FORM 990 BASED ON AUDITED FINANCIAL INFORMATION. THE DRAFT FORM 990 IS THEN REVIEWED BY MANAGEMENT AND AN EXTERNAL INDEPENDENT ACCOUNTING FIRM. THE AUDIT AND FINANCE COMMITTEE WILL REVIEW THE FINAL DRAFT SIGNED OFF BY THE EXTERNAL INDEPENDENT ACCOUNTING FIRM. THIS REVIEW WILL BE NOTED AS AN AGENDA ITEM AT AN AUDIT AND FINANCE COMMITTEE MEETING AND WILL BE DULY NOTED IN THE MINUTES. THE FORM 990 WILL BE PROVIDED TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT ANY EMPLOYEE IN A POSITION WHERE HIS OR HER OBJECTIVITY MAY BE QUESTIONED BECAUSE OF AN INDIVIDUAL INTEREST, FAMILY OR PERSONAL RELATIONSHIP IS REQUIRED TO NOTIFY GENERAL COUNSEL. SIMILARLY, ANY EMPLOYEE AWARE OF ANY TRANSACTION OR RELATIONSHIP THAT COULD REASONABLY BE EXPECTED TO GIVE RISE TO A PERSONAL CONFLICT OF INTEREST IS REQUIRED TO DISCUSS THE MATTER PROMPTLY WITH GENERAL COUNSEL. IN ADDITION, ONCE EVERY YEAR, DIRECTORS AND ALL EMPLOYEES OF THE FOUNDATION ARE REQUIRED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE IS COMPLIANT. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE EXECUTIVE COMMITTEE AND THE BOARD ACTING AS A COMPENSATION COMMITTEE HIRE CONSULTANTS TO REVIEW COMPARABLE PACKAGES FOR ANY NEW INCOMING EXECUTIVE DIRECTORS. THE CONSULTANT PRESENTS DATA FOR COMPARABLE POSITIONS BOTH LOCALLY AND NATIONALLY, AND THE BOARD'S EXECUTIVE COMMITTEE MAKES THE FINAL DECISIONS FOR THE SALARY PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE FOUNDATION'S WEBSITE AND ANY REQUEST FOR GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY WILL BE PROVIDED UPON REQUEST AT MANAGEMENT'S DISCRETION. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 507,030. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 507,030.