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Nonprofit · EIN 32-0178959

SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC

Tax-exempt · NEW YORK, NY 10005

Financials

$60.3M$57.5M2022$61.8M$62.3M2023$56.7M$62.5M2024
Revenue Expenses · by fiscal year end
Financials of SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
October 31, 2025990$56,703,129$62,546,339-$5,843,210$72,959,755$46,804,628$26,155,127
October 31, 2024990$61,779,060$62,259,281-$480,221$80,889,764$49,649,369$31,240,395
October 31, 2023990$60,293,967$57,479,959$2,814,008$72,929,787$50,236,088$22,693,699
Financial details: 990 for the year ended October 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$53,534,764
Investment income
$2,418,945
Royalties
$217,038
Other revenue
$749,420

Expenses

Grants and similar amounts paid
$286,964
Compensation of officers, directors and key employees
$7,879,478
Other salaries and wages
$26,072,764
Salaries, compensation and benefits (total)
$40,755,718
Professional fundraising fees
$0
Legal fees
$2,387,018
Accounting fees
$157,070
Occupancy
$2,926,778
Travel
$1,248,359
Depreciation
$729,524

Balance sheet and other

Total assets, start of year
$80,889,764
Total assets, end of year
$72,959,755
Total liabilities, end of year
$46,804,628
Net assets, end of year
$26,155,127
Land, buildings and equipment
$6,089,816
Publicly traded securities
$22,376,111
Net assets without donor restrictions
$26,155,127
Gross unrelated business income
$212,402
Gross receipts
$56,703,129
Employees
148
Volunteers
18,797
Year formed
2006
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended October 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
KENNETH E BENTSEN JRPRESIDENT & CEO
Trustee or director, Officer
40$2,891,954$94,775
JOSEPH SEIDELCOO
Officer
40$1,365,900$108,061
SAIMA AHMEDEVP & GENERAL COUNSEL
Officer
40$992,547$81,105
JOSH WILSUSENEXECUTIVE VICE PRESIDENT
Officer
40$839,736$101,990
DAVID B KRASNERCFO & CAO
Officer
40$777,567$105,311
CHERYL L CRISPENEXECUTIVE VICE PRESIDENT
Officer
40$654,310$105,095
LINDSEY KELJOMANAGING DIRECTOR
Highest-paid employee
40$607,185$83,695
ROBERT TOOMEYMANAGING DIRECTOR
Highest-paid employee
40$592,593$95,112
LISA BLEIERMANAGING DIRECTOR
Highest-paid employee
40$538,559$102,449
CARTER K MCDOWELLMANAGING DIRECTOR
Highest-paid employee
40$547,615$65,673
KEVIN CARROLLMANAGING DIRECTOR
Highest-paid employee
40$548,470$43,266
SALVATORE CHIARELLIEXECUTIVE VICE PRESIDENT
Officer
40$476,386$81,794
LAURA CHEPUCAVAGECHAIR
Trustee or director, Officer
2$0$0
RONALD KRUSZEWSKICHAIR-ELECT
Trustee or director, Officer
2$0$0
KENNETH CELLACHAIR-EMERITUS
Trustee or director, Officer
2$0$0
39 more people on this return
NameTitleHours / weekCompensation
DAVID LEFKOWITZVICE-CHAIR
Trustee or director, Officer
2$0
LISA KIDD HUNTTREASURER
Trustee or director, Officer
2$0
KEVIN BAILEYDIRECTOR (THRU 04/2025)
Trustee or director
1$0
MATT BENCHENERDIRECTOR
Trustee or director
1$0
ALTHEA BROWNDIRECTOR (THRU 06/2025)
Trustee or director
1$0
LIBBY CANTRILLDIRECTOR
Trustee or director
1$0
JON CHERRYDIRECTOR (AS OF 10/2024)
Trustee or director
1$0
SAMARA COHENDIRECTOR
Trustee or director
1$0
JIM DEUTSCHDIRECTOR (AS OF 10/2024)
Trustee or director
1$0
MICHAEL DURBINDIRECTOR
Trustee or director
1$0
KATIE FALLONDIRECTOR
Trustee or director
1$0
ANN FOGARTYDIRECTOR
Trustee or director
1$0
SOL GINDIDIRECTOR
Trustee or director
1$0
BRENT GLEDHILLDIRECTOR
Trustee or director
1$0
GARY HALLDIRECTOR
Trustee or director
1$0
ANERI JAMBUSARIADIRECTOR (AS OF 06/2025)
Trustee or director
1$0
GARY KANEDIRECTOR
Trustee or director
1$0
MICHAEL KISBERDIRECTOR (THRU 12/2024)
Trustee or director
1$0
KIPP KRANBUHLDIRECTOR (AS OF 05/2025)
Trustee or director
1$0
JACQUELINE LICALZIDIRECTOR
Trustee or director
1$0
LARRY MARTINEZDIRECTOR
Trustee or director
1$0
ANTHONY M MILLERDIRECTOR (AS OF 10/2024)
Trustee or director
1$0
CHANCE MIMSDIRECTOR
Trustee or director
1$0
DAVID MOOREDIRECTOR (AS OF 10/2024)
Trustee or director
1$0
STEPHEN PHILIPSONDIRECTOR (AS OF 10/2024)
Trustee or director
1$0
SHAWN QUANTDIRECTOR
Trustee or director
1$0
SAMUEL RAMIREZ JRDIRECTOR
Trustee or director
1$0
GARY RAPPDIRECTOR
Trustee or director
1$0
PAUL REILLYDIRECTOR
Trustee or director
1$0
BRENDAN T REILLYDIRECTOR
Trustee or director
1$0
JIM REYNOLDS JRDIRECTOR
Trustee or director
1$0
JOHN FW ROGERSDIRECTOR
Trustee or director
1$0
BRIAN RUANEDIRECTOR (AS OF 01/2025)
Trustee or director
1$0
CLAIRE SANTANIELLODIRECTOR (THRU 01/2025)
Trustee or director
1$0
DARREN SHAMESDIRECTOR (AS OF 01/2025)
Trustee or director
1$0
JOSEPH SWEENEYDIRECTOR
Trustee or director
1$0
JOHN TAFTDIRECTOR
Trustee or director
1$0
RYAN TAYLORDIRECTOR
Trustee or director
1$0
THOMAS WIPFDIRECTOR
Trustee or director
1$0
990 for the year ended October 31, 2024: 61 people
NameTitleHours / weekCompensationOther / benefits
KENNETH E BENTSEN JRPRESIDENT & CEO
Trustee or director, Officer
40$2,788,424$87,380
JOSEPH SEIDELCOO
Officer
40$1,333,852$99,421
SAIMA AHMEDEVP & GEN. COUNSEL
Officer
40$930,090$74,802
DAVID B KRASNERCFO & CAO
Officer
40$759,703$96,851
JOSH WILSUSSENEXECUTIVE VICE PRESIDENT
Officer
40$742,944$93,763
CHERYL L CRISPENEXECUTIVE VICE PRESIDENT
Officer
40$638,408$99,156
ROBERT TOOMEYMANAGING DIRECTOR
Highest-paid employee
40$587,357$98,795
LINDSEY KELJOMANAGING DIRECTOR
Highest-paid employee
40$588,834$77,614
LISA BLEIERMANAGING DIRECTOR
Highest-paid employee
40$553,695$94,664
CARTER K MCDOWELLMANAGING DIRECTOR
Highest-paid employee
40$537,598$62,042
KEVIN CARROLLMANAGING DIRECTOR
Highest-paid employee
40$550,719$41,463
SALVATORE CHIARELLIEXECUTIVE VICE PRESIDENT
Officer
40$460,019$77,526
IRA D HAMMERMAN - FORMEREVP & GENERAL COUNSEL
Former
0$172,053$0
KENNETH CELLACHAIR
Trustee or director, Officer
2$0$0
LAURA CHEPUCAVAGECHAIR-ELECT
Trustee or director, Officer
2$0$0
JIM REYNOLDSCHAIR-EMERITUS
Trustee or director, Officer
2$0$0
RONALD KRUSZEWSKIVICE CHAIR
Trustee or director, Officer
2$0$0
LISA KIDD HUNTTREASURER
Trustee or director, Officer
2$0$0
KEVIN BAILEYDIRECTOR
Trustee or director
1$0$0
MATT BENCHENERDIRECTOR (AS OF 11/2023)
Trustee or director
1$0$0
ALTHEA BROWNDIRECTOR (AS OF 04/2024)
Trustee or director
1$0$0
LIBBY CANTRILLDIRECTOR
Trustee or director
1$0$0
SAMARA COHENDIRECTOR
Trustee or director
1$0$0
MICHAEL DURBINDIRECTOR (AS OF 01/2024)
Trustee or director
1$0$0
KATIE FALLONDIRECTOR
Trustee or director
1$0$0
ANN FOGARTYDIRECTOR (AS OF 11/2023)
Trustee or director
1$0$0
SOL GINDIDIRECTOR
Trustee or director
1$0$0
BRENT GLEDHILLDIRECTOR (AS OF 11/2023)
Trustee or director
1$0$0
GARY HALLDIRECTOR
Trustee or director
1$0$0
NAUREEN HASSANDIRECTOR (THRU 01/2024)
Trustee or director
1$0$0
ROBERT HAWLEYDIRECTOR (THRU 10/2024)
Trustee or director
1$0$0
GARY KANEDIRECTOR
Trustee or director
1$0$0
MICHAEL KISBERDIRECTOR
Trustee or director
1$0$0
DAVID LEFKOWITZDIRECTOR
Trustee or director
1$0$0
JACQUELINE LICALZIDIRECTOR (AS OF 01/2024)
Trustee or director
1$0$0
LARRY MARTINEZDIRECTOR
Trustee or director
1$0$0
CHARLOTTE MCLAUGHLINDIRECTOR (THRU 11/2023)
Trustee or director
1$0$0
CRAIG MESSINGERDIRECTOR
Trustee or director
1$0$0
CHANCE MIMSDIRECTOR (AS OF 11/2023)
Trustee or director
1$0$0
THOMAS PLUTADIRECTOR (AS OF 11/2023)
Trustee or director
1$0$0
ROBERT POPOWSKIDIRECTOR (THRU 10/2023)
Trustee or director
1$0$0
DOUGLAS PREISERDIRECTOR
Trustee or director
1$0$0
JAMIE PRICEDIRECTOR (THRU 01/2024)
Trustee or director
1$0$0
SHAWN QUANTDIRECTOR
Trustee or director
1$0$0
SAMUEL RAMIREZ JRDIRECTOR
Trustee or director
1$0$0
GARY RAPPDIRECTOR (AS OF 11/2023)
Trustee or director
1$0$0
PAUL REILLYDIRECTOR
Trustee or director
1$0$0
BRENDAN REILLYDIRECTOR
Trustee or director
1$0$0
JOHN FW ROGERSDIRECTOR
Trustee or director
1$0$0
JEFFREY ROSENDIRECTOR (THRU 11/2023)
Trustee or director
1$0$0
CLAIRE SANTANIELLODIRECTOR
Trustee or director
1$0$0
ANDY SAPERSTEINDIRECTOR (THRU 01/2024)
Trustee or director
1$0$0
PETER SCHNEIDERDIRECTOR (THRU 11/2023)
Trustee or director
1$0$0
KABIR SETHIDIRECTOR (THRU 04/2024)
Trustee or director
1$0$0
MARK STEFFENSENDIRECTOR (THRU 05/2024)
Trustee or director
1$0$0
JOSEPH E SWEENEYDIRECTOR
Trustee or director
1$0$0
JOHN TAFTDIRECTOR
Trustee or director
1$0$0
RYAN TAYLORDIRECTOR
Trustee or director
1$0$0
JOHN VACCARODIRECTOR
Trustee or director
1$0$0
THOMAS WIPFDIRECTOR (AS OF 01/2024)
Trustee or director
1$0$0
KASHIF ZAFARDIRECTOR
Trustee or director
1$0$0
990 for the year ended October 31, 2023: 58 people
NameTitleHours / weekCompensationOther / benefits
KENNETH E BENTSEN JRPRESIDENT & CEO
Trustee or director, Officer
40$2,689,114$81,597
JOSEPH SEIDELCOO
Officer
40$1,285,542$91,847
IRA D HAMMERMAN - EVP& GENERAL COUNSEL (THRU 12/2022)
Officer
40$1,055,003$69,937
DAVID B KRASNERCFO & CAO
Officer
40$734,398$90,736
CHERYL L CRISPENEXECUTIVE VICE PRESIDENT
Officer
40$618,798$93,210
ROBERT TOOMEYMANAGING DIRECTOR
Highest-paid employee
40$576,040$92,255
LISA BLEIERMANAGING DIRECTOR
Highest-paid employee
40$538,278$88,479
THOMAS PRICEMANAGING DIRECTOR
Highest-paid employee
40$505,815$89,486
CARTER K MCDOWELLMANAGING DIRECTOR
Highest-paid employee
40$515,841$57,522
KEVIN CARROLLMANAGING DIRECTOR
Highest-paid employee
40$530,377$38,102
SALVATORE CHIARELLIEXECUTIVE VICE PRESIDENT
Officer
40$438,164$72,754
JAMIE WALL - FORMEREXEC. VICE PRESIDENT (THRU 09/2022)
Former
40$429,390$39,500
SAIMA AHMEDEVP & GEN. COUNSEL (AS OF 10/2022)
Officer
40$224,048$15,034
JOSH WILSUSSENEXEC. VICE PRESIDENT (AS OF 10/2022)
Officer
40$106,175$12,237
JIM REYNOLDSCHAIR
Trustee or director, Officer
2$0$0
KENNETH CELLACHAIR ELECT
Trustee or director, Officer
2$0$0
LAURA CHEPUCAVAGEVICE CHAIR
Trustee or director, Officer
2$0$0
LISA KIDD HUNTTREASURER
Trustee or director, Officer
2$0$0
JAMES WALLINTREASURER (THRU 03/2023)
Trustee or director, Officer
2$0$0
KEVIN BAILEYDIRECTOR
Trustee or director
1$0$0
DALIA BLASSDIRECTOR (THRU 04/2023)
Trustee or director
1$0$0
LIBBY CANTRILLDIRECTOR
Trustee or director
1$0$0
SAMARA COHENDIRECTOR (AS OF 04/2023)
Trustee or director
1$0$0
MICHAEL DURBINDIRECTOR (THRU 03/2023)
Trustee or director
1$0$0
KATIE FALLONDIRECTOR (AS OF 03/2023)
Trustee or director
1$0$0
SOL GINDIDIRECTOR
Trustee or director
1$0$0
GARY HALLDIRECTOR
Trustee or director
1$0$0
NAUREEN HASSANDIRECTOR (AS OF 01/2023)
Trustee or director
1$0$0
ROBERT HAWLEYDIRECTOR
Trustee or director
1$0$0
JEB HENSARLINGDIRECTOR (THRU 01/2023)
Trustee or director
1$0$0
GARY KANEDIRECTOR
Trustee or director
1$0$0
JIM KERRDIRECTOR (THRU 01/2023)
Trustee or director
1$0$0
MICHAEL KISBERDIRECTOR
Trustee or director
1$0$0
RONALD KRUSZEWSKIDIRECTOR
Trustee or director
1$0$0
DAVID LEFKOWITZDIRECTOR
Trustee or director
1$0$0
LARRY MARTINEZDIRECTOR (AS OF 01/2023)
Trustee or director
1$0$0
CHARLOTTE MCLAUGHLINDIRECTOR
Trustee or director
1$0$0
CRAIG MESSINGERDIRECTOR
Trustee or director
1$0$0
ROBERT POPOWSKIDIRECTOR
Trustee or director
1$0$0
DOUGLAS PREISERDIRECTOR
Trustee or director
1$0$0
JAMIE PRICEDIRECTOR
Trustee or director
1$0$0
SHAWN QUANTDIRECTOR
Trustee or director
1$0$0
SAMUEL RAMIREZ JRDIRECTOR
Trustee or director
1$0$0
PAUL REILLYDIRECTOR
Trustee or director
1$0$0
BRENDAN REILLYDIRECTOR
Trustee or director
1$0$0
JOHN FW ROGERSDIRECTOR
Trustee or director
1$0$0
JEFFREY ROSENDIRECTOR
Trustee or director
1$0$0
CLAIRE SANTANIELLODIRECTOR
Trustee or director
1$0$0
ANDY SAPERSTEINDIRECTOR
Trustee or director
1$0$0
PETER SCHNEIDERDIRECTOR
Trustee or director
1$0$0
KABIR SETHIDIRECTOR
Trustee or director
1$0$0
NOMITA CHOPRA SINGHDIRECTOR (THRU 05/2023)
Trustee or director
1$0$0
MARK STEFFENSENDIRECTOR
Trustee or director
1$0$0
JOSEPH E SWEENEYDIRECTOR
Trustee or director
1$0$0
JOHN TAFTDIRECTOR
Trustee or director
1$0$0
RYAN TAYLORDIRECTOR
Trustee or director
1$0$0
JOHN VACCARODIRECTOR
Trustee or director
1$0$0
KASHIF ZAFARDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
140 BROADWAY 35TH FLOOR, NEW YORK, NY 10005-1133
In care of
% DARRAH RAFFERTY
Principal officer (990 for 2024)
KENNETH E BENTSEN JR, 140 BROADWAY 35TH FLOOR, NEW YORK, NY 10005
Signed the 990
DAVID KRASNER, CFO & CAO
Phone
(212) 313-1371
Return prepared by
GRANT THORNTON ADVISORS LLC

Mission

SEE SCHEDULE OSIFMA IS THE VOICE OF THE NATION'S SECURITIES INDUSTRY, BRINGING TOGETHER THE SHARED INTERESTS OF HUNDREDS OF BROKER-DEALERS, INVESTMENT BANKS, AND ASSET MANAGERS. ON BEHALF OF OUR INDUSTRY'S ONE MILLION EMPLOYEES, WE ADVOCATE ON POLICY, LEGISLATION, REGULATION AND BUSINESS PRACTICES, AFFECTING RETAIL AND INSTITUTIONAL INVESTORS, EQUITY AND FIXED INCOME MARKET PARTICIPANTS AND RELATED PRODUCTS AND SERVICES. WE SERVE AS AN INDUSTRY COORDINATING BODY TO PROMOTE FAIR AND ORDERLY MARKETS, INFORMED REGULATORY COMPLIANCE, AND EFFICIENT MARKET OPERATIONS AND RESILIENCY. WE ALSO PROVIDE A FORUM FOR INDUSTRY POLICY AND PROFESSIONAL DEVELOPMENT.

990 for the year ended October 31, 2025

Program accomplishments

  • SEE SCHEDULE O
  • SEE SCHEDULE O
  • SEE SCHEDULE O
  • STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS: OTHER PROGRAM SERVICES CONTINUED SERVING AS A SOURCE OF MARKET INFORMATION, INCLUDING STATISTICS ON MANY FACETS OF THE MARKET PLACE AND PUBLISHING RESEARCH REPORTS, TRADE NEWSLETTERS AND OTHER PERIODICALS AND BOOKS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025October 31, 2026March 15, 2027Not due yet
2024October 31, 2025March 16, 2026990 on file
2023October 31, 2024March 17, 2025990 on file

IRS record

EIN
32-0178959
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2008
Accounting year ends
October
Files
Form 990 or 990-EZ
Assets (IRS master file)
$72,959,755
Income (IRS master file)
$56,703,129

Filing history

FormYear endedRevenueExpensesAssetsReturn
990October 2025$56,703,129$62,546,339$72,959,755XML
990October 2024$61,779,060$62,259,281$80,889,764XML
990October 2023$60,293,967$57,479,959$72,929,787XML
990October 2022$54,768,620$53,354,953$45,548,628IRS
990October 2021–––IRS
990October 2020–––IRS
990October 2019–––IRS
990October 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0178959).

Questions about SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC

What is the EIN of SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC?
The employer identification number (EIN) of SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC is 32-0178959.
Is SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2008.
Are donations to SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC due?
The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended October 2025.
Who is the principal officer of SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC?
The 990 for the year ended October 31, 2025 names KENNETH E BENTSEN JR.
Who are the officers and directors of SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC?
The 990 for the year ended October 31, 2025 lists 54 people; 12 received compensation from the organization, the highest $2,891,954 (KENNETH E BENTSEN JR, PRESIDENT & CEO).
How much revenue does SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION INC have?
On its 990 for the year ended October 31, 2025 it reported revenue of $56,703,129, expenses of $62,546,339 and total assets of $72,959,755 at year end.

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