2025-11-17T16:46:28+00:00 2024-12-31 135381590 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 221023599 990 2024-01-01 135642275 FUTURES INDUSTRY ASSOCIATION INC FUTU 2024665460 2001 K STREET NW North Tower 725 WASHINGTON DC 20006 WALTER LUKKEN PRESIDENT & CEO 2024665460 2025-11-17 true true TODD TERESCO P00247720 7038930600 2025-11-17 2024 2025-03-06 01:10:19Z WALTER LUKKEN 2001 K STREET NW North Tower 725 WASHINGTON DC 20006 36079249 false X WWW.FIA.ORG X 1955 NY THE FUTURES INDUSTRY ASSOCIATION'S MISSION IS TO BE THE GLOBAL THOUGHT LEADER, ADVOCATE AND EDUCATOR FOR FUTURES AND SWAPS WHICH ARE CENTRALLY CLEARED. 32 30 45 29 0 0 0 31272650 33268857 1007525 1115499 1489020 1694893 33769195 36079249 0 0 0 0 10996811 11650363 0 0 0 24076382 25366208 35073193 37016571 -1303998 -937322 48552885 49151476 27188244 24776139 21364641 24375337 THE FUTURES INDUSTRY ASSOCIATION'S (FIA) MISSION IS TO: - SUPPORT OPEN, TRANSPARENT AND COMPETITIVE MARKETS, - PROTECT AND ENHANCE THE INTEGRITY OF THE FINANCIAL SYSTEM, AND - PROMOTE HIGH STANDARDS OF PROFESSIONAL CONDUCT. AS THE PRINCIPAL MEMBERS OF DERIVATIVES CLEARINGHOUSES WORLDWIDE, FIA'S CLEARING FIRM MEMBERS PLAY A CRITICAL ROLE IN THE REDUCTION OF SYSTEMIC RISK IN GLOBAL FINANCIAL MARKETS. false false FIA IS THE LEADING GLOBAL TRADE ASSOCIATION FOR THE FUTURES, OPTIONS AND CENTRALLY CLEARED DERIVATIVES MARKET. FIA'S MEMBERSHIP REPRESENTS CLEARING FIRMS, EXCHANGES, CLEARINGHOUSES, TRADING FIRMS, AND COMMODITY SPECIALISTS, AS WELL AS TECHNOLOGY VENDORS, LAW FIRMS AND OTHER PROFESSIONAL SERVICE PROVIDERS. FIA WORKS ACTIVELY TO PRESERVE THE SYSTEM OF FREE AND COMPETITIVE MARKETS BY REPRESENTING THE INTERESTS OF THE INDUSTRY IN CONNECTION WITH BUSINESS, REGULATORY EXCHANGE, INTERNATIONAL AND LEGISLATIVE ISSUES THROUGH THE EXCHANGE OF IDEAS SUPPORTED BY OUR CONFERENCES AND EVENTS. FIA'S DOCUMENTATION LIBRARY AND CCP RISK REVIEW SERVICES PROVIDE VALUABLE LEGAL OPINIONS, CLIENT TERMS OF BUSINESS DOCUMENTATION, AND SUMMARIES OF RULES AND PROCEDURES OF CCP'S WORLDWIDE. FIA WORKS CLOSELY WITH MEMBER FIRMS TO DEVELOP INDUSTRY-STANDARD AGREEMENTS THAT ALL MARKET PARTICIPANTS CAN USE TO SUPPORT THEIR TRADING AND CLEARING FUNCTIONS AS WELL AS ENSURE REGULATORY COMPLIANCE IN DIFFERENT JURISDICTIONS. 0 false false false false true false false false false false true false false true true true false true false true true false false false false false false false false true false false false false false false false false false false false false false false true true true true false false true X 26 0 true 45 true false true SN UK false false false false true false X 32 30 false false false false true true false true true false true true false true true true true true true true true true DC X R GUY SHEETZ 2024665460 2001 K ST NW SUITE 725 NORTH TOWER WASHINGTON DC 20006 WALTER LUKKEN PRESIDENT & CEO 37.5 0.0 X X 2096079 0 47588 ALICIA CRIGHTON DIRECTOR 4.0 0.0 X 0 0 0 ALISTAIR MCGRATH DIRECTOR 4.0 0.0 X 0 0 0 Bradley Fraser DIRECTOR 4.0 0.0 X 0 0 0 CHRIS BAINBRIDGE DIRECTOR 4.0 0.0 X 0 0 0 EMMA RICHARDSON DIRECTOR 4.0 0.0 X 0 0 0 EMMA WEST DIRECTOR 4.0 0.0 X 0 0 0 ERIC ALDOUS DIRECTOR 4.0 0.0 X 0 0 0 FEDERICA MAZZUCATO DIRECTOR 4.0 0.0 X 0 0 0 GARY SAUNDERS DIRECTOR 4.0 0.0 X 0 0 0 GERALD CORCORAN DIRECTOR 4.0 0.0 X 0 0 0 GORDON ALEXANDER DIRECTOR 4.0 0.0 X 0 0 0 JAMILA PIRACCI DIRECTOR 4.0 0.0 X 0 0 0 JAN BART DE BOER DIRECTOR 4.0 0.0 X 0 0 0 JASON SWANKOSKI DIRECTOR 4.0 0.0 X 0 0 0 JOHN MURPHY DIRECTOR 4.0 0.0 X 0 0 0 Kay Harris DIRECTOR 4.0 0.0 X 0 0 0 MARIAM RAFI DIRECTOR 4.0 0.0 X 0 0 0 Mark Bortnik DIRECTOR 4.0 0.0 X 0 0 0 MARY ANN BURNS CONSULTANT 15.0 0.0 X 0 320478 0 MICHAEL VOISIN DIRECTOR 4.0 0.0 X 0 0 0 NAJIB LAMHAOUAR DIRECTOR 4.0 0.0 X 0 0 0 Nelson Neale DIRECTOR 4.0 0.0 X 0 0 0 RAY TUBRIDY DIRECTOR 4.0 0.0 X 0 0 0 ROBERT CREAMER DIRECTOR 4.0 0.0 X 0 0 0 SAMINA ANWAR DIRECTOR 4.0 0.0 X 0 0 0 Stephane Pellerin DIRECTOR 4.0 0.0 X 0 0 0 Susan Gaughan DIRECTOR 4.0 0.0 X 0 0 0 TERESA LOPEZ DIRECTOR 4.0 0.0 X 0 0 0 TOM ANDERSON DIRECTOR 4.0 0.0 X 0 0 0 TOM GILLIS DIRECTOR 4.0 0.0 X 0 0 0 WILLIAM BLACK DIRECTOR 4.0 0.0 X 0 0 0 ALLISON LURTON CHIEF LEGAL OFFICE & GEN CNCL 37.5 0.0 X 703913 0 47588 JACQUELINE MESA COO & SVP OF GLOBAL POLICY 37.5 0.0 X 866422 0 47588 RICHARD G SHEETZ SVP & CFO 37.5 0.0 X 549903 0 47588 ANTOINETTE CHAN VP BUSINESS DEVELOPMENT 37.5 0.0 X 271754 0 40995 DONALD BYRON HEAD OF GLOBAL INDUSTRY OPER. 37.5 0.0 X 384612 0 47588 KYLE GLENN DIR. OF GOVERNMENT RELATIONS 37.5 0.0 X 272351 0 41050 MALLERS JOANNA EXECUTIVE DIRECTOR, PTG 37.5 0.0 X 256377 0 39612 MICHAEL SORRELL ASSOCIATE GENERAL COUNSEL 37.5 0.0 X 311778 0 44598 NATALIE TYNAN ASSOCIATE GENERAL COUNSEL 37.5 0.0 X 241847 0 38304 WILLIAM ACWORTH SVP PUBS, DATA & RESEARCH 37.5 0.0 X 325257 0 45811 6280293 320478 488310 27 false true false MILLBANK LLP 55 HUDSON YARDS NEW YORK NY 100012163 LEGAL CONSULTANCY 1074804 KATTEN MUCIN ROSENMAN 525 W Monroe St Chicago IL 60661 Legal 265196 WIPFLI LLP 12539 Sunrise Valley Drive Suite 130 Reston VA 20191 IT Consulting 167408 DELTA STRATEGY GROUP 600 Pennsylvania Ave SE Suite 300 WASHINGTON DC 20003 Consulting/Lobbying 131710 HARBORVIEW MARKET ADVISORY LLC 19 Temple RD Setauket NY 11733 Consulting 114750 5 0 DUES & SUBSCRIPTIONS 900099 17554357 17554357 0 0 CONFERENCE REVENUE 900099 9035465 9035465 0 0 CCP RR AND DOCUMENTATION LIBRARY 900099 6585576 6585576 0 0 OTHER PROGRAM SERVICE REVENUE 900099 93459 93459 0 0 0 0 0 0 0 0 0 0 33268857 1115499 0 1115499 0 0 0 0 ASSESSMENT FEES 900099 1233963 1233963 0 0 SUB LEASE REVENUE 900099 339601 339601 0 0 CONSULTING SERVICES REVENUE 900099 118260 118260 0 0 3069 3069 0 0 1694893 36079249 34963750 0 1115499 5151618 4644462 626703 669059 558521 4611862 686307 81883 819506 54404 0 14529 433255 771255 0 1197054 778566 0 5942059 0 7007064 1482664 127921 BANK & CC SERVICE CHARGES 236312 OTHER TAXES 236236 SUBSCRIPTIONS & PUBLICATIONS 229768 CUSTODIAL FEES 137927 517636 37016571 912209 2811679 0 0 522415 966695 0 0 0 0 957238 1376095 8524594 4746141 3665644 3778453 34826184 31920619 0 0 7669195 8297935 48552885 49151476 4257365 6275128 0 12602491 10341656 0 0 10328388 8159355 27188244 24776139 X 21364641 24375337 21364641 24375337 48552885 49151476 X -937322 1859605 2176207 -87794 X false true true false false false true 17554337 915867 0 915867 877718 38149 0 5139423 3314339 1825084 3385171 1431802 1953369 3778453 RIGHT OF USE ASSET - LEASES 4923026 INVESTMENT IN SUBSIDIARY 3374909 8297935 Federal Income Taxes LEASE LIABILITY ROU 4829552 FIA DUE TO AFFILIATES 2197839 DEFERRED RENT 592611 TAXES PAYABLE 539353 8159355 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ASSOCIATION IS RECOGNIZED BY THE IRS AS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(6) OF THE CODE. PURSUANT TO THE CODE AND APPLICABLE STATE REGULATIONS, THE ASSOCIATION IS EXEMPT FROM INCOME TAX EXCEPT FOR INCOME TAXES ON UNRELATED BUSINESS ACTIVITIES. FOR COMBINED FINANCIAL STATEMENT PURPOSES, THE ASSOCIATION IS REQUIRED TO RECORD A LIABILITY FOR ANY MATERIAL TAX POSITION TAKEN WHICH DOES NOT MEET THE MINIMUM THRESHOLDS OF "MORE LIKELY THAN NOT" TO BE SUCCESSFUL UNDER REGULATORY CHALLENGE. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE ASSOCIATION HAD AN IMMATERIAL AOUNT OF UNRELATED BUSINESS INCOME TAX INCOME AND LIABILITY. Europe (Including Iceland and Greenland) 3 20 Program Services GLOBAL ACTIVITIES 5665834 East Asia and the Pacific 1 4 Program Services GLOBAL ACTIVITIES 1341230 4 24 0 0 4 24 7007064 0 7007064 false false true false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual X X X X false false false WALTER LUKKEN PRESIDENT & CEO 2096079 0 0 0 0 0 31050 0 16538 0 2143667 0 0 0 MARY ANN BURNS CONSULTANT 0 320478 0 0 0 0 0 0 0 0 0 320478 0 0 JACQUELINE MESA COO & SVP OF GLOBAL POLICY 866422 0 0 0 0 0 31050 0 16538 0 914010 0 0 0 ALLISON LURTON CHIEF LEGAL OFFICE & GEN CNCL 703913 0 0 0 0 0 31050 0 16538 0 751501 0 0 0 RICHARD G SHEETZ SVP & CFO 549903 0 0 0 0 0 31050 0 16538 0 597491 0 0 0 DONALD BYRON HEAD OF GLOBAL INDUSTRY OPER. 384612 0 0 0 0 0 31050 0 16538 0 432200 0 0 0 ANTOINETTE CHAN VP BUSINESS DEVELOPMENT 271754 0 0 0 0 0 24457 0 16538 0 312749 0 0 0 WILLIAM ACWORTH SVP PUBS, DATA & RESEARCH 325257 0 0 0 0 0 29273 0 16538 0 371068 0 0 0 MICHAEL SORRELL ASSOCIATE GENERAL COUNSEL 311778 0 0 0 0 0 28060 0 16538 0 356376 0 0 0 KYLE GLENN DIR. OF GOVERNMENT RELATIONS 272351 0 0 0 0 0 24512 0 16538 0 313401 0 0 0 MALLERS JOANNA EXECUTIVE DIRECTOR, PTG 256377 0 0 0 0 0 23074 0 16538 0 295989 0 0 0 NATALIE TYNAN ASSOCIATE GENERAL COUNSEL 241847 0 0 0 0 0 21766 0 16538 0 280151 0 0 0 Schedule J, Part I LINE 3 THE COMPENSATION COMMITTEE OF THE BOARD OF FUTURES INDUSTRY ASSOCIATION WAS DILIGENT IN OBTAINING AND REVIEWING MARKET DATA TO ASSESS A BONUS PAYMENT TO MR. LUKKEN. HIS COMPENSATION, AS WELL AS THE COMPENSATION OF OTHERS, WAS DISCUSSED AND REVIEWED IN DETAIL AT A MEETING OF THE COMPENSATION COMMITTEE. Form 990, Part VI, Line 1a Material differences in voting rights THE ASSOCIATION WILL HAVE ONE OR MORE MEMBERS IDENTIFIED, SELECTED AND ADMITTED BY THE BOARD (EACH, A "MEMBER, COLLECTIVELY, THE "MEMBERS", AND IF ENTITLED OR NOT ENTITLED TO VOTE, "PRIMARY MEMBERS "ASSOCIATE MEMBERS," RESPECTIVELY). THE TERMS OF MEMBERSHIP AND ANY CLASSIFICATION OR CATEGORIZATION THEREOF WILL BE DEFINED AND DETERMINED FROM TIME TO TIME BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH THESE BYLAWS, THE ASSOCIATION'S ARTICLES OF INCORPORATION, AND THE NEW YORK NOT FOR-PROFIT CORPORATION LAW ("NFPCL"), INCLUDING WITH RESPECT TO QUALIFICATIONS, APPLICATIONS AND ISSUANCE OR CHARTERING; DUES, ASSESSMENTS, FEES AND OTHER OBLIGATIONS OR RESPONSIBILITIES; BENEFITS, SERVICES, RIGHTS AND PRIVILEGES, INCLUDING WITH RESPECT TO VOTING; AND DURATION, LAPSE, FORFEITURE, SUSPENSION, RESIGNATION, TERMINATION, EXPULSION, REVOCATION AND REINSTATEMENT. THE BOARD SHALL CONSIST OF UP TO THIRTY (30) INDIVIDUALS, COMPRISED OF PRIMARY MEMBER DIRECTORS, EX-OFFICIO MEMBER DIRECTORS, ASSOCIATE MEMBER DIRECTORS, AND AT-LARGE MEMBER DIRECTORS AS DEFINED HEREIN. PRIMARY MEMBER DIRECTORS - UP TO SIXTEEN (16) INDIVIDUALS, EACH OF WHOM SHALL BE AN EXECUTIVE OFFICER, PARTNER OR SOLE PROPRIETOR OF A PRIMARY MEMBER COMPANY, POSSESSING THE RESPONSIBILITIES AND AUTHORITY TO BIND AND ACT ON BEHALF OF THEIR EMPLOYER ORGANIZATION ON A GLOBAL BASIS. EX-OFFICIO DIRECTORS - EACH OF SIX (6) INDIVIDUALS SHALL SERVE AS DIRECTORS BY VIRTUE OF THEIR POSITIONS AS PROVIDED HEREIN. THE PRESIDENT AND THE ADVISORY BOARD CHAIRS OF THE EUROPE ADVISORY BOARD, THE ASIA ADVISORY BOARD, AND THE AMERICAS ADVISORY BOARD SHALL EACH SERVE AS EX-OFFICIO DIRECTORS, AND THE CHAIRS OF THE PTG AND EPTA SHALL SERVE AS AN EX-OFFICIO DIRECTOR AS DESCRIBED IN SECTION 3.3. ASSOCIATE MEMBER DIRECTORS - UP TO FIVE (5) INDIVIDUALS, EACH OF WHOM SHALL BE AN EXECUTIVE OFFICER, PARTNER OR SOLE PROPRIETOR OF AN ASSOCIATE MEMBER COMPANY, POSSESSING THE RESPONSIBILITIES AND AUTHORITY TO BIND AND ACT ON BEHALF OF THEIR EMPLOYER ORGANIZATION ON A GLOBAL BASIS. AT-LARGE DIRECTORS - UP TO FOUR (4) INDIVIDUALS OF SUITABLE EXPERIENCE AND EXPERTISE TO CONTRIBUTE TO THE ASSOCIATION AND THE INDUSTRY AS A WHOLE. AT-LARGE DIRECTORS NEED NOT BE MEMBERS OR AFFILIATED WITH ANY MEMBER COMPANY. FOR THE PURPOSES OF FORM 990, A MEMBER OF FIA'S GOVERNING BODY IS CONSIDERED "INDEPENDENT" ONLY IF ALL FOUR OF THE FOLLOWING CIRCUMSTANCES APPLIED AT ALL TIMES DURING FIA'S JANUARY 1, 2024 - DECEMBER 31, 2024 TAX YEAR: 1. NOT COMPENSATED AS AN FIA OFFICER OR OTHER EMPLOYEE OR RELATED ORGANIZATION 2. DID NOT RECEIVE MORE THAN $10,000 COMPENSATION IN 2024 FROM FIA OR RELATED ORGANIZATIONS AS AN INDEPENDENT CONTRACTOR, OTHER THAN FOR HIS/HER SERVICES AS A MEMBER OF FIA'S GOVERNING BODY 3. DID NOT OTHERWISE RECEIVE, DIRECTLY OR INDIRECTLY, MORE THAN $50,000 IN 2024 FINANCIAL BENEFITS FROM FIA OR A RELATED ORGANIZATION 4. DID NOT HAVE A FAMILY MEMBER WHO RECEIVED COMPENSATION OR OTHER MATERIAL FINANCIAL BENEFITS FROM FIA OR A RELATED ORGANIZATION UNDER THIS DEFINITION, THE FIA'S PUBLIC DIRECTORS QUALIFY AS "INDEPENDENT" WITH THE EXCEPTION OF FIA'S PRESIDENT, WALTER LUKKEN, WHO IS A FULL-TIME PAID EMPLOYEE OF FIA. Form 990, Part VI, Line 6 Classes of members or stockholders FIA MEMBERSHIP CLASSES ARE COMPOSED OF PRIMARY, AND ASSOCIATE MEMBERS AS DEFINED BELOW. PRIMARY MEMBERS ARE LIMITED TO CLEARING MEMBERS THAT HOLD CUSTOMER FUNDS AND THUS CONTRIBUTE SUBSTANTIALLY TO THE SAFETY AND SOUNDNESS OF THE MARKET INFRASTRUCTURE. ASSOCIATE MEMBERS OF FIA SUPPORT THE OVERALL ECOSYSTEM OF THE CLEARED DERIVATIVES MARKETS, INCLUDING CLEARING ORGANIZATIONS, EXCHANGES, GLOBAL AND REGIONAL EXECUTING BROKERS, PRINCIPAL TRADING FIRMS, COMMODITY FIRMS, TECHNOLOGY VENDORS, LEGAL SERVICES AND OTHER PROFESSIONAL SERVICE PROVIDERS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body ONLY PRIMARY MEMBERS MAY VOTE AND MAY DO SO IN PERSON OR BY PROXY APPOINTED BY AN INSTRUMENT IN WRITING SUBSCRIBED BY SUCH PRIMARY MEMBER OR BY ITS DULY AUTHORIZED ATTORNEY-IN-FACT, AND IN ELECTIONS FOR DIRECTORS, PRIMARY MEMBERS SHALL VOTE BY BALLOT. EACH PRIMARY MEMBER SHALL BE ENTITLED TO ONE VOTE ON ANY OTHER MATTERS PROVIDED FOR A VOTE OF THE PRIMARY MEMBERS. IN ALL MATTERS, INCLUDING IN THE ELECTION OF DIRECTORS, THE AFFIRMATIVE VOTE OF A MAJORITY OF THE PRIMARY MEMBERS PRESENT IN PERSON OR REPRESENTED BY PROXY AND VOTING AT THE MEETING WILL BE THE ACT OF THE PRIMARY MEMBERS, UNLESS THE VOTE OF A GREATER NUMBER IS REQUIRED UNDER THESE BYLAWS, THE ASSOCIATION'S ARTICLES OF INCORPORATION OR THE NFPCL. Form 990, Part VI, Line 11b Review of form 990 by governing body CFO CONDUCTED REVIEW IN COLLABORATION WITH AN INDEPENDENT ACCOUNTING FIRM. DISCUSSION WAS HELD AT THE EXECUTIVE LEVEL WITHIN THE ORGANIZATION. Form 990, Part VI, Line 12c Conflict of interest policy FIA CONFLICT OF INTEREST POLICY: AN FIA OFFICER, MEMBER OF THE BOARD OR EMPLOYEE ("SUCH PERSONS") ASSUMES A FIDUCIARY DUTY THAT CARRIES WITH IT BROAD AND UNBENDING LOYALTY TO THE FIA. THE BOARD, OFFICERS AND EMPLOYEES HAVE THE RESPONSIBILITY TO ADMINISTER THE AFFAIRS OF THE ASSOCIATION HONESTLY AND PRUDENTLY FOR THE SOLE BENEFIT OF THE ORGANIZATION. SUCH PERSONS SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL MATTERS INVOLVED IN THEIR DUTIES, AND THEY SHALL NOT USE THEIR POSITIONS WITHIN THE ORGANIZATION OR KNOWLEDGE GAINED FROM THE ORGANIZATION FOR THEIR PERSONAL BENEFIT. IT IS THE POLICY OF THE FIA TO REQUIRE SUCH PERSONS TO SUPPLY A WRITTEN DECLARATION OF THEIR ENGAGEMENT IN ANY ACTIVITY THAT RELATES TO THOSE ACTIVITIES OF THE FIA AND COULD CONTRIBUTE TO OR AFFECT THE SUCCESS OF THE FIA, OR MAY CREATE A CONFLICT OF INTEREST WITH THE FIA. THE CONFLICTS MAY INCLUDE AN OWNERSHIP INTEREST IN AN ENTITY FROM WHICH THE ORGANIZATION PROCURES GOODS OR SERVICES, OR OTHER TRANSACTIONS CARRYING THE POSSIBILITY OF PERSONAL GAIN AT THE EXPENSE OF FIA, OR ANY TRANSACTION IN WHICH FIA IS DOING BUSINESS WITH A FAMILY MEMBER OR BUSINESS PARTNER OF SUCH PERSONS. KNOWN OR POSSIBLE CONFLICTS CALLING FOR DISCLOSURE ALSO INCLUDE: - ANY OTHER ENTITY INVOLVEMENT CONFLICTS; - SUBJECT MATTER CONFLICTS; - CONFLICTS OF CURRENT OR POTENTIAL FINANCIAL INTEREST, OWNERSHIP, COMPENSATION IN AN ORGANIZATION THAT IS A VENDOR TO FIA APART FROM KNOWN PARTNERSHIPS OR MEMBERSHIPS; - FAMILY CONFLICTS; - OTHER BOARD/CLIENT CONFLICTS; - OTHER CONFLICTS THAT SUCH PERSON RECOGNIZES TO BE AS SUCH THROUGH ANALOGY OF THOSE MENTIONED ABOVE. THE FIA RECOGNIZES THAT DISCLOSURE OF A CONFLICT OR A POSSIBLE CONFLICT DOES NOT PRECLUDE THE ENTITY FROM DOING BUSINESS WITH A RELATED PARTY. HOWEVER, SUCH PERSONS HAVING A CONFLICT OF INTEREST SHALL NOT PARTICIPATE OR USE ANY PERSONAL INFLUENCE IN THE DISCUSSION OF THE SUBJECT OR MAKE ANY RECOMMENDATIONS REGARDING THE SUBJECT AND WILL EXCUSE HIM OR HERSELF FROM ALL DECISION-MAKING REGARDING THE TOPIC. THE FIA AUDIT COMMITTEE IS CHARGED WITH RESPONSIBILITY FOR REVIEWING ALL DISCLOSURES OR RELATED ACTIVITIES OR CONFLICTS OF INTEREST. ALL OFFICERS, MEMBERS OF THE BOARD, AND EMPLOYEES OF FIA ARE REQUIRED TO REPORT ANNUALLY, OR UPON OCCURRENCE, THEIR DISCLOSURE OF CONFLICTS USING THE STANDARD FIA FORM PROVIDED. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE CHAIRMAN OF THE FIA BOARD OF DIRECTORS SERVES AS CHAIR FOR BOTH THE EXECUTIVE COMMITTEE AND THE COMPENSATION COMMITTEE. THE EXECUTIVE COMMITTEE ALSO HAS AUTHORITY TO DETERMINE THE NUMBER AND COMPENSATION OF ANY PAID DIRECTORS. ALL OFFICERS, EXCEPT AS THE BOARD DETERMINES, SERVE WITHOUT COMPENSATION. THE FIA BOARD'S COMPENSATION COMMITTEE DETERMINES THE COMPENSATION OF FIA'S CEO WITH COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE PROCESS FOR DETERMINING THE COMPENSATION OF ALL EMPLOYEES INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. Form 990, Part VI, Line 19 Required documents available to the public THE FIA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE EXTENT REQUIRED BY LAW. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Misc Income - Total Revenue: 3069, Related or Exempt Function Revenue: 3069, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Form 990, Part XI, Line 9 Other changes in net assets or fund balances FOREIGN EXCHANGE TRANSLATION - -87794; Total - -87794; FIA SELLER LLC 2001 K STREET NW STE 725 WASHINGTON DC 20006 862673077 DC -1133 20181272 FIA THE INSTITUTE FOR FINANCIAL MARKETS 2001 K STREET NW STE 725 WASHINGTON DC 20006 521634508 EDUCATIONAL DC 501(c)(3) 10 FIA true DERIVATIVES MARKET INSTITUTE FOR STAND 2001 K STREET NW STE 725 WASHINGTON DC 20006 881980058 ASSOCIATION DC 501(c)(6) FIA true FIA SERVICES UK LTD 2001 K STREET NW STE 725 WASHINGTON DC 20006 EDUCATIONAL FIA 1 true FIA SERVICES ASIA PTE LTD 20001 K STREET NW STE 725 WASHINGTON DC 20006 EDUCATIONAL FIA 1 true FUTURE FORWARD HOLDINGS LLC 20001 K STREET NW STE 725 WASHINGTON DC 20006 HOLDING COMPANY DC FIA C Corporation false false false false false false false false false false false true true false true true true false false false INSTITUTE FOR FINANCIAL MARKETS N 41676 COST INSTITUTE FOR FINANCIAL MARKETS O 45504 COST DERIVATIVES MARKET INST FOR STD INC L 377482 COST