Nonprofit · EIN 52-1634508
THE INSTITUTE FOR FINANCIAL MARKETS
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,413,733 | $1,271,317 | $142,416 | $4,434,520 | $192,539 | $4,241,981 |
| December 31, 2023 | 990-PF | $425,670 | $1,118,681 | -$693,011 | $4,944,781 | $249,454 | $4,695,327 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $165,593
- Net gain from sales of assets
- $871,055
- Other income
- $377,085
Expenses
- Grants and similar amounts paid
- $254
- Compensation of officers, directors and key employees
- $421,295
- Salaries, compensation and benefits (total)
- $115,982
- Disbursements for charitable purposes
- $681,092
- Excise tax on investment income
- $13,464
Balance sheet and other
- Total assets, start of year
- $4,944,781
- Total assets, end of year
- $4,434,520
- Total liabilities, end of year
- $192,539
- Net assets, end of year
- $4,241,981
- Fair market value of assets
- $4,434,520
- Qualifying distributions
- $681,092
- Net investment income
- $1,036,648
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICIA FOSHEE 2001 K STREET NW SUITE 725, WASHINGTON, DC 20006 | PRESIDENT | 37.5 | $406,475 | $45,870 |
| MYRTLE ALLEN 2001 K STREET NW SUITE 725, WASHINGTON, DC 20006 | ADMIN. MANAGER Highest-paid employee | 37.5 | $160,502 | $28,772 |
| WALTER LUKKEN 2001 K STREET NW SUITE 725, WASHINGTON, DC 20006 | MEMBER OF BOARD OF TRUSTEES | 0.5 | $0 | $0 |
| PETER BORISH 2001 K STREET NW SUITE 725, WASHINGTON, DC 20006 | MEMBER OF BOARD OF TRUSTEES | 0.5 | $0 | $0 |
| JOHN M DAMGARD 2001 K STREET NW SUITE 725, WASHINGTON, DC 20006 | MEMBER OF BOARD OF TRUSTEES | 0.5 | $0 | $0 |
| ARHTUR W HAHN 2001 K STREET NW SUITE 725, WASHINGTON, DC 20006 | MEMBER OF BOARD OF TRUSTEES | 0.5 | $0 | $0 |
| ERIC ALDOUS 2001 K STREET NW SUITE 725, WASHINGTON, DC 20006 | SECRETARY/TREASURER | 0.5 | $0 | $0 |
| ALICIA CRIGHTON 2001 K STREET NW SUITE 725, WASHINGTON, DC 20006 | MEMBER OF BOARD OF TRUSTEES | 0.5 | $0 | $0 |
| KAREN K WUERTZ 2001 K STREET NW SUITE 725, WASHINGTON, DC 20006 | MEMBER OF BOARD OF TRUSTEES | 0.5 | $0 | $0 |
| MICHAEL C DAWLEY 2001 K STREET NW SUITE 725, WASHINGTON, DC 20006 | CHAIRMAN | 0.5 | $0 | $0 |
| GARY A DEWAAL 2001 K STREET NW SUITE 725, WASHINGTON, DC 20006 | VICE CHAIRMAN | 0.5 | $0 | $0 |
| DANIEL DRISCOLL 2001 K STREET NW SUITE 725, WASHINGTON, DC 20006 | MEMBER OF BOARD OF TRUSTEES | 0.5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Patricia Foshee 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | President | 32.5 | $286,149 | $24,300 |
| Walter Lukken 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | Trustee | 0.5 | $0 | $0 |
| Michael C Dawley 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | Chairman | 0.5 | $0 | $0 |
| Gary A DeWaal 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | Vice Chairman | 0.5 | $0 | $0 |
| Daniel Driscoll 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | Secretary/Treasurer | 0.5 | $0 | $0 |
| Peter Borish 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | Member of Board of Trustees | 0.5 | $0 | $0 |
| John M Damgard 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | Member of Board of Trustees | 0.5 | $0 | $0 |
| Arhtur W Hahn 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | Member of Board of Trustees | 0.5 | $0 | $0 |
| Eric Aldous 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | Member of Board of Trustees | 0.5 | $0 | $0 |
| Mary Ann Burns 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | Member of Board of Trustees | 0.5 | $0 | $0 |
| Alicia Crighton 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | Member of Board of Trustees | 0.5 | $0 | $0 |
| Karen K Wuertz 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | Member of Board of Trustees | 0.5 | $0 | $0 |
| Myrtle Allen 2001 K Street NW Suite 725, WASHINGTON, DC 20006 | Administrative Manager | 32.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2001 K ST NW STE 725, WASHINGTON, DC 20006-1071
- Signed the 990-PF
- PATRICIA FOSHEE, PRESIDENT
- Phone
- (202) 223-1528
- Website
- WWW.THEIFM.ORG
- Return prepared by
- BDO USA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 52-1634508
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Social science (V22Z)
- Assets (IRS master file)
- $4,434,520
- Income (IRS master file)
- $4,356,162
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,413,733 | $1,271,317 | $4,434,520 | XML |
| 990-PF | December 2023 | $425,670 | $1,118,681 | $4,944,781 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 52-1634508).
Questions about THE INSTITUTE FOR FINANCIAL MARKETS
- What is the EIN of THE INSTITUTE FOR FINANCIAL MARKETS?
- The employer identification number (EIN) of THE INSTITUTE FOR FINANCIAL MARKETS is 52-1634508.
- Is THE INSTITUTE FOR FINANCIAL MARKETS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to THE INSTITUTE FOR FINANCIAL MARKETS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE INSTITUTE FOR FINANCIAL MARKETS file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE INSTITUTE FOR FINANCIAL MARKETS 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 THE INSTITUTE FOR FINANCIAL MARKETS last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE INSTITUTE FOR FINANCIAL MARKETS?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 2 received compensation from the organization, the highest $406,475 (PATRICIA FOSHEE, PRESIDENT).
- How much revenue does THE INSTITUTE FOR FINANCIAL MARKETS have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,413,733, expenses of $1,271,317 and total assets of $4,434,520 at year end.
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