2025-09-10T14:51:34-05:00 2024-10-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-11-01 521087193 SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC SIFM 2123131371 140 BROADWAY 35TH FLOOR NEW YORK NY 10005 MELANIE MORTIMER PRESIDENT 2123131371 2025-09-10 1 1 DANIEL ROMANO P00504182 2125990100 2023 2025-03-06 01:10:19Z MELANIE MORTIMER 140 BROADWAY 35TH FLOOR NEW YORK NY 10005 4799204 0 X WWW.SIFMA.ORG/ABOUT/SIFMA-FOUNDATION X 1976 DE SEE SCHEDULE O 18 18 15 15607 0 0 4609074 3911991 364345 386750 253874 328066 0 0 5227293 4626807 1500 16250 0 0 3307365 3206013 0 0 250315 2041983 1909951 5350848 5132214 -123555 -505407 10295181 11081937 784448 743661 9510733 10338276 X THE SIFMA FOUNDATION IS DEDICATED TO FOSTERING KNOWLEDGE AND UNDERSTANDING OF THE FINANCIAL MARKETS FOR INDIVIDUALS OF ALL BACKGROUNDS. (CONTINUED ON SCHEDULE O)WITH A FOCUS ON YOUTH. 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 4316156 16250 386750 SEE SCHEDULE OTHE STOCK MARKET GAME (TM)THE STOCK MARKET GAME (TM), 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 FINANCIAL INDEPENDENT FUTURES. MORE THAN 600,000 YOUTH TAKE PART EVERY YEAR ACROSS ALL 50 STATES. THE STOCK MARKET GAME HAS REACHED MORE THAN 23 MILLION YOUTH SINCE ITS INCEPTION IN 1977.INVESTWRITE (R)THE SIFMA FOUNDATION'S INVESTWRITE (TM) NATIONAL ESSAY IS A CULMUNATING ACTIVITY FOR THE STOCK MARKET GAME STUDENTS, EXTENDING WHAT THEY HAVE LEARNED IN SMG BY CHALLENGING THEM TO ANALYZE, THINK CRTICALLY 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 NEARLY 270,000 ESSAYS HAVE BEEN WRITTEN IN CLASSROOMS ACROSS THE COUNTRY AND NEARLY 55,000 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 8,000 MATCHES OF U.S. REPRESENTATIVES AND SENATORS WITH SCHOOLS, ENCOMPASSING MORE THAN 175,000 STUDENTS ACROSS THE COUNTRY.INVEST IT FORWARD (R)INVEST IT FORWARD (TM) IS AN AWARD-WINNING INDUSTRY-WIDE FINANCIALEDUCATION AND CAPITAL MARKETS LITERACY CAMPAIGN CONVENING HUNDREDS OFFINANCIAL 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 TAPS THE TIME AND TALENT OF INDUSTRY PROFESSIONALS AS VOLUNTEERS TO HELP YOUNG PEOPLE UNDERSTAND HOW TO HARNESS THE CAPITAL MARKETS FOR THEIR OWN BENEFIT AND REALIZE THEIR DREAMS. 4316156 1 1 0 0 0 0 0 0 0 0 0 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 17 0 1 15 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 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 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 1.00 0.00 X 0 0 0 JAMES ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 LISA BLEIER DIRECTOR 1.00 0.00 X 0 0 0 KENNETH CELLA 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 1.00 0.00 X 0 0 0 VLAD KHANDROS 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 SHAREEN LUZE DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH E SWEENEY DIRECTOR 1.00 0.00 X 0 0 0 SUSAN THEDER DIRECTOR 1.00 0.00 X 0 0 0 MELANIE MORTIMER PRESIDENT, SECRETARY 40.00 0.00 X 437134 0 61029 ELIZABETH REIDEL MANAGING DIRECTOR 40.00 0.00 X 225960 0 80711 MICHAEL SHERMAN DIRECTOR 40.00 0.00 X 216671 0 16921 BENJAMIN SAWYER CHIEF OPERATING OFFICER 40.00 0.00 X 270479 0 44519 JOHN MARTIN VICE PRESIDENT 40.00 0.00 X 210082 0 36882 ALLYSON GOLDHAGEN VICE PRESIDENT 40.00 0.00 X 183196 0 8009 1543522 0 248071 12 0 1 1 THE PATRICK COLLINS GROUP LLC 201 WEST STREET LAINGSBURG MI 48848 PROFESSIONAL FEES 171319 1 1165938 2746053 3911991 SMG PROCESSING FEE 611710 386750 386750 386750 328066 328066 172397 1165938 172397 0 4626807 386750 0 328066 X 16250 16250 844723 380125 380125 84473 1628639 1459358 49510 119771 268172 205004 42772 20396 307678 275854 25652 6172 156801 121087 23014 12700 24194 24194 697608 680490 17118 70574 67876 2698 599890 599890 26138 24375 1763 478973 473933 5040 DUES & REGISTRATION 6292 6292 SUBSCRIPTION AND BOOKS 5052 5052 MISC. EXPENSES 1230 570 660 5132214 4316156 565743 250315 331468 310983 350288 925000 1525783 657820 8062238 9181068 25404 7066 10295181 11081937 213330 118324 571118 625337 784448 743661 X 8329781 9538276 1180952 800000 9510733 10338276 10295181 11081937 -505407 1332950 0 X 0 1 X 1 0 X 3981426 3203925 3287504 4609074 3911991 18993920 3981426 3203925 3287504 4609074 3911991 18993920 4936874 14057046 197188 149497 207184 253874 328066 1135809 199 133306 101813 193648 172397 601363 20731092 1765843 0.67810 0.64540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2019 AMOUNT: $ 199. 2020 AMOUNT: $ 133,306. 2021 AMOUNT: $ 101,813. 2022 AMOUNT: $ 193,648. 2023 AMOUNT: $ 172,397. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO SIFMA 625337 625337 X 6444298 1332951 484540 1817491 4626807 0 4626807 5616754 484540 484540 5132214 0 5132214 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 1338335 1165938 172397 172397 1338335 1165938 172397 172397 172397 0 1 JUMPSTART COALITION FOR PERSONAL FINANCIAL LITERACY 1001 CONNECTICUT AVENUE NW SUITE 640 WASHINGTON DC 20036 522031287 501(C)(3) 15000 0 DUES - SUSTAINING PARTNER 1 0 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 351444 0 83758 0 1932 0 39600 0 21429 0 498163 0 0 0 BENJAMIN SAWYER CHIEF OPERATING OFFICER 252819 0 17000 0 660 0 26004 0 18515 0 314998 0 0 0 ELIZABETH REIDEL MANAGING DIRECTOR 197170 0 27800 0 990 0 28502 0 52209 0 306671 0 0 0 JOHN MARTIN VICE PRESIDENT 198422 0 11000 0 660 0 17162 0 19720 0 246964 0 0 0 MICHAEL SHERMAN DIRECTOR 200833 0 13000 0 2838 0 15501 0 1420 0 233592 0 0 0 ALLYSON GOLDHAGEN VICE PRESIDENT 174738 0 8000 0 458 0 5494 0 2515 0 191205 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. FORM 990, PART I, LINE 1 THE SIFMA FOUNDATION IS DEDICATED TO FOSTERING KNOWLEDGE AND UNDERSTANDING OF THE FINANCIAL MARKETS FOR INDIVIDUALS OF ALL BACKGROUNDS. THE FOUNDATION FILLS CRITICAL GAPS IN FINANCIAL EDUCATION FOR SCHOOLS, NONPROFITS, AND FAMILIES; ADVANCES ECONOMIC INDEPENDENCE FOR YOUTH OF ALL BACKGROUNDS; AND PREPARES THE FUTURE FINANCIAL WORKFORCE BY CULTIVATING WELL-INFORMED CUSTOMERS, BUSINESS LEADERS, AND DECISION-MAKERS. 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 BLEIER, KENNETH CELLA, LISA KIDD HUNT, MICHAEL KISBER, AND JOSEPH E. SWEENEY 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 STOCK MARKET GAME PROGRAM: PROGRAM SERVICE EXPENSES 640,343. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 640,343. INVEST IT FORWARD: PROGRAM SERVICE EXPENSES 40,147. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,147. EXECUTIVE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,118. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,118.