Nonprofit · EIN 52-0910763
SECURITIES INVESTOR PROTECTION CORPORATION
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $625,303,894 | $177,979,817 | $447,324,077 | $5,089,010,833 | $536,737,226 | $4,552,273,607 |
| December 31, 2023 | 990 | $511,388,716 | $19,739,606 | $491,649,110 | $4,675,779,724 | $547,486,700 | $4,128,293,024 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $625,303,894
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,222,983
- Other salaries and wages
- $6,850,509
- Salaries, compensation and benefits (total)
- $13,132,267
- Professional fundraising fees
- $0
- Legal fees
- $172,480
- Accounting fees
- $238,329
- Occupancy
- $947,623
- Travel
- $80,952
- Depreciation
- $242,145
Balance sheet and other
- Total assets, start of year
- $4,675,779,724
- Total assets, end of year
- $5,089,010,833
- Total liabilities, end of year
- $536,737,226
- Net assets, end of year
- $4,552,273,607
- Land, buildings and equipment
- $251,428
- Publicly traded securities
- $4,831,034,139
- Gross receipts
- $625,303,894
- Employees
- 42
- Volunteers
- 0
- Year formed
- 1970
- State of legal domicile
- DC
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPHINE WANG | PRESIDENT & CEO Officer | 40 | $934,812 | -$47,198 |
| MICHAEL L POST | GENERAL COUNSEL & SECRETARY Officer | 40 | $651,398 | $117,528 |
| KAREN L SAPERSTEIN | VICE PRESIDENT - OPERATIONS Officer | 40 | $486,205 | $195,785 |
| CHRISTOPHER H LAROSA | SR. ASSOC. GC - LITIGATION Highest-paid employee | 40 | $383,489 | $233,010 |
| HEMANT SHARMA | DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $433,935 | $148,504 |
| ROBERT C FERRY | AVP - INFORMATION TECHNOLOGY Highest-paid employee | 40 | $355,034 | $161,385 |
| TIMOTHY W TIMANUS | AVP - OPERATIONS Highest-paid employee | 40 | $355,860 | $140,151 |
| CHARLES E GLOVER | VICE PRESIDENT - FINANCE Officer | 40 | $504,905 | -$32,185 |
| KEVIN H BELL | SR. ASSOC. GC - DISPUTE RES Highest-paid employee | 40 | $407,012 | $24,498 |
| CLAUDIA SLACIK | CHAIR OF BOARD Trustee or director | 6 | $28,000 | $0 |
| WILLIAM BRODSKY | DIRECTOR Trustee or director | 2.5 | $12,000 | $0 |
| GLEN S FUKUSHIMA | VICE CHAIR OF BOARD Trustee or director | 3 | $12,000 | $0 |
| WILLIAM S JASIEN | DIRECTOR Trustee or director | 1.5 | $12,000 | $0 |
| ALAN J PATRICOF | DIRECTOR Trustee or director | 2.5 | $12,000 | $0 |
| DANIEL M COVITZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| W MOSES KIM | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPHINE WANG | PRESIDENT & CEO Officer | 40 | $925,376 | $294,156 |
| CHARLES E GLOVER | VICE PRESIDENT - FINANCE Officer | 40 | $656,045 | $353,857 |
| CHRISTOPHER H LAROSA | SR. ASSOC. GC - LITIGATION Highest-paid employee | 40 | $384,772 | $448,031 |
| HEMANT SHARMA | DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $417,002 | $387,504 |
| MICHAEL L POST | GENERAL COUNSEL & SECRETARY Officer | 40 | $620,790 | $133,487 |
| KAREN L SAPERSTEIN | VICE PRESIDENT - OPERATIONS Officer | 40 | $471,526 | $267,380 |
| ABRAHAM L WONS | DIRECTOR - RISK MANAGEMENT Highest-paid employee | 40 | $354,607 | $254,933 |
| ROBERT C FERRY | AVP - INFORMATION TECHNOLOGY Highest-paid employee | 40 | $332,669 | $259,924 |
| KEVIN H BELL | SR. ASSOC. GC - DISPUTE RES Highest-paid employee | 40 | $385,082 | $201,513 |
| CLAUDIA SLACIK | CHAIR OF BOARD Trustee or director | 5 | $28,000 | $0 |
| WILLIAM S JASIEN | DIRECTOR Trustee or director | 1 | $12,833 | $0 |
| GLEN S FUKUSHIMA | VICE CHAIR OF BOARD Trustee or director | 2 | $12,000 | $0 |
| WILLIAM BRODSKY | DIRECTOR Trustee or director | 3 | $12,000 | $0 |
| ALAN J PATRICOF | DIRECTOR Trustee or director | 2 | $9,293 | $0 |
| DANIEL M COVITZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| W MOSES KIM | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1667 K ST NW STE 1000, WASHINGTON, DC 20006-1620
- In care of
- % CHARLES E GLOVER VP-FINANC
- Principal officer (990 for 2024)
- JOSEPHINE WANG, 1667 K ST NW 1000, WASHINGTON, DC 200061620
- Signed the 990
- JOSEPHINE WANG, PRESIDENT AND CEO
- Phone
- (202) 371-8300
- Website
- WWW.SIPC.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
See Schedule O
Program accomplishments
- SIPC initiated no new customer protection proceedings in 2024. Total proceedings commenced under SIPC to date are 330. In 2024, 1 proceeding is being processed. Cash and securities distributed for accounts of customers during 2024 totaled approximately $82 million.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-0910763
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,089,010,833
- Income (IRS master file)
- $625,303,894
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $625,303,894 | $177,979,817 | $5,089,010,833 | XML |
| 990 | December 2023 | $511,388,716 | $19,739,606 | $4,675,779,724 | XML |
| 990 | December 2022 | $463,655,966 | $130,204,129 | $4,237,761,857 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 52-0910763).
Questions about SECURITIES INVESTOR PROTECTION CORPORATION
- What is the EIN of SECURITIES INVESTOR PROTECTION CORPORATION?
- The employer identification number (EIN) of SECURITIES INVESTOR PROTECTION CORPORATION is 52-0910763.
- Is SECURITIES INVESTOR PROTECTION CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1971.
- Are donations to SECURITIES INVESTOR PROTECTION CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SECURITIES INVESTOR PROTECTION CORPORATION 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 INVESTOR PROTECTION CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SECURITIES INVESTOR PROTECTION CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SECURITIES INVESTOR PROTECTION CORPORATION?
- The 990 for the year ended December 31, 2024 names JOSEPHINE WANG.
- Who are the officers and directors of SECURITIES INVESTOR PROTECTION CORPORATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 14 received compensation from the organization, the highest $934,812 (JOSEPHINE WANG, PRESIDENT & CEO).
- How much revenue does SECURITIES INVESTOR PROTECTION CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $625,303,894, expenses of $177,979,817 and total assets of $5,089,010,833 at year end.
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