Nonprofit · EIN 53-0088710
FINANCIAL INDUSTRY REGULATORY AUTHORITY INC
Tax-exempt · ROCKVILLE, MD 20850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,607,503,080 | $3,040,929,806 | -$433,426,726 | $3,101,319,446 | $1,344,019,165 | $1,757,300,281 |
| December 31, 2023 | 990 | $1,604,253,354 | $2,059,192,510 | -$454,939,156 | $2,483,003,873 | $810,249,941 | $1,672,753,932 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,757,021,912
- Investment income
- $84,666,072
- Royalties
- $154,229
- Net gain from sales of assets
- $21,530,249
- Other revenue
- $765,815,096
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $18,979,402
- Other salaries and wages
- $845,118,323
- Salaries, compensation and benefits (total)
- $1,089,076,605
- Professional fundraising fees
- $0
- Legal fees
- $9,189,679
- Accounting fees
- $1,486,709
- Occupancy
- $11,995,061
- Travel
- $20,965,649
- Depreciation
- $30,356,466
Balance sheet and other
- Total assets, start of year
- $2,483,003,873
- Total assets, end of year
- $3,101,319,446
- Total liabilities, end of year
- $1,344,019,165
- Net assets, end of year
- $1,757,300,281
- Land, buildings and equipment
- $270,894,185
- Publicly traded securities
- $1,240,360,622
- Gross unrelated business income
- $29,944,347
- Gross receipts
- $3,466,202,902
- Employees
- 4,703
- Volunteers
- 7
- Year formed
- 1936
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Robert W Cook | President & CEO Trustee or director, Officer | 60 | $3,472,973 | $629,827 |
| Todd T Diganci | Executive Vice President & CFAO Officer | 60 | $1,739,416 | $631,092 |
| Steven J Randich | Executive Vice President & CIO Key employee | 60 | $1,963,213 | $337,127 |
| Gregory Ruppert | Executive Vice President Key employee | 60 | $1,467,716 | $214,053 |
| Robert L D Colby | EVP And Chief Legal Officer Key employee | 60 | $1,461,686 | $62,670 |
| Nathaniel Stankard | Executive Vice President Key employee | 60 | $1,182,738 | $85,620 |
| Stephanie Dumont | Executive Vice President Key employee | 60 | $1,109,862 | $156,018 |
| Rainia L Washington | Executive Vice President Key employee | 60 | $996,061 | $198,616 |
| Jon Kroeper | Executive Vice President Former | 0 | $1,071,446 | $113,197 |
| Richard W Berry | EXECUTIVE VICE PRESIDENT Highest-paid employee | 60 | $1,079,799 | $67,472 |
| Marcia E Asquith | EVP Board & External relations Officer | 60 | $994,058 | $140,850 |
| Jonathan S Sokobin | Executive Vice President Key employee | 60 | $1,024,187 | $108,343 |
| William St Louis | EXECUTIVE VICE PRESIDENT Key employee | 60 | $930,024 | $173,829 |
| Tigran Khrimian | SENIOR VICE PRESIDENT Highest-paid employee | 60 | $928,786 | $156,533 |
| Gene G Demaio | Senior Vice President Highest-paid employee | 60 | $1,007,808 | $61,227 |
30 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Omer Meisel | EXECUTIVE VICE PRESIDENT Highest-paid employee | 60 | $953,619 | $48,741 |
| Jeffrey Kalinowski | SENIOR VICE PRESIDENT Highest-paid employee | 60 | $927,907 | $64,229 |
| Eric W Noll | CHAIRPERSON Trustee or director | 2 | $175,505 | $0 |
| Maureen Jensen | Board Member Trustee or director | 2 | $118,608 | $0 |
| Camille M Busette | Board Member Trustee or director | 2 | $116,106 | $0 |
| DERRICK ROMAN | BOARD MEMBER Trustee or director | 2 | $109,253 | $0 |
| Gus Sauter | BOARD MEMBER Trustee or director | 2 | $106,111 | $0 |
| Scott Curtis | BOARD MEMBER Trustee or director | 2 | $105,011 | $0 |
| Wendy Lanton | Board Member Trustee or director | 2 | $103,964 | $0 |
| SAMIR M DESHPANDE | BOARD MEMBER Trustee or director | 2 | $103,292 | $0 |
| PEGGY HO | BOARD MEMBER Trustee or director | 2 | $101,468 | $0 |
| Linde Murphy | Board Member Trustee or director | 2 | $101,017 | $0 |
| Fabiola Arredondo | BOARD MEMBER Trustee or director | 2 | $101,003 | $0 |
| MOIRA A KILCOYNE | BOARD MEMBER Trustee or director | 2 | $100,475 | $0 |
| DEBORAH BAILEY | BOARD MEMBER Trustee or director | 2 | $100,000 | $0 |
| Lance F Drummond | Board Member - thru 9/11/24 Trustee or director | 2 | $95,271 | $0 |
| Timothy C Scheve | Board Member - thru 9/11/24 Trustee or director | 2 | $89,198 | $0 |
| John B Ehnes | Board Member - thru 9/11/24 Trustee or director | 2 | $85,738 | $0 |
| Paige W Pierce | Board Member - thru 9/11/24 Trustee or director | 2 | $76,912 | $0 |
| Lisa Fairfax | BOARD MEMBER - thru 4/5/24 Trustee or director | 2 | $50,220 | $0 |
| JOHN VACCARO | BOARD MEMBER - as of 9/11/24 Trustee or director | 2 | $50,110 | $0 |
| JENNIFER SZARO | BOARD MEMBER - AS OF 9/11/24 Trustee or director | 2 | $50,000 | $0 |
| ERIK SIRRI | BOARD MEMBER - AS OF 11/8/24 Trustee or director | 2 | $25,110 | $0 |
| Ethiopis Tafara | Board Member Trustee or director | 2 | $958 | $0 |
| JAMES T CROWLEY | BOARD MEMBER Trustee or director | 2 | $737 | $0 |
| Cyrus Amir-Mokri | BOARD MEMBER - as of 9/13/24 Trustee or director | 2 | $630 | $0 |
| ERIC SCHIMPF | BOARD MEMBER - AS OF 9/17/24 Trustee or director | 2 | $0 | $0 |
| MORTIMER J BUCKLEY | BOARD MEMBER - thru 7/8/24 Trustee or director | 2 | $0 | $0 |
| Naureen Hassan | BOARD MEMBER - THRU 9/11/24 Trustee or director | 2 | $0 | $0 |
| PENNY PENNINGTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Robert W Cook | President & CEO Trustee or director, Officer | 60 | $3,243,336 | $595,811 |
| Todd T Diganci | Executive Vice President & CFAO Officer | 60 | $1,668,198 | $900,600 |
| Steven J Randich | Executive Vice President & CIO Key employee | 60 | $1,806,685 | $489,129 |
| Christopher Kelly | SENIOR VICE PRESIDENT - THRU 11/1/23 Highest-paid employee | 60 | $2,068,572 | $131,342 |
| Gregory Ruppert | Executive Vice President Key employee | 60 | $1,452,064 | $82,308 |
| Robert L D Colby | EVP And Chief Legal Officer Key employee | 60 | $1,357,588 | $86,606 |
| Rainia L Washington | Executive Vice President Key employee | 60 | $1,342,269 | $74,266 |
| Stephanie Dumont | Executive Vice President Key employee | 60 | $1,001,760 | $261,578 |
| William St Louis | EXECUTIVE VICE PRESIDENT Key employee | 60 | $1,075,963 | $128,582 |
| Marcia E Asquith | EVP Board & External relations Officer | 60 | $955,474 | $186,760 |
| Patrice Gliniecki | SENIOR VICE PRESIDENT Highest-paid employee | 60 | $945,261 | $161,749 |
| Tigran Khrimian | SENIOR VICE PRESIDENT Highest-paid employee | 60 | $875,105 | $194,151 |
| Kerry Gendron | SENIOR VICE PRESIDENT Highest-paid employee | 60 | $916,068 | $89,867 |
| Jonathan S Sokobin | Executive Vice President Key employee | 60 | $752,681 | $185,435 |
| Nathaniel Stankard | Executive Vice President Key employee | 60 | $768,162 | $169,934 |
| DENISE DOMBAY | SENIOR VICE PRESIDENT Highest-paid employee | 60 | $870,289 | $58,040 |
| Eric W Noll | CHAIRPERSON Trustee or director | 2 | $170,628 | $0 |
| Fabiola Arredondo | BOARD MEMBER Trustee or director | 2 | $125,709 | $0 |
| Lance F Drummond | Board Member Trustee or director | 2 | $120,364 | $0 |
| John B Ehnes | Board Member Trustee or director | 2 | $113,209 | $0 |
| Maureen Jensen | Board Member Trustee or director | 2 | $113,209 | $0 |
| Timothy C Scheve | Board Member Trustee or director | 2 | $112,704 | $0 |
| Camille M Busette | Board Member Trustee or director | 2 | $112,679 | $0 |
| Paige W Pierce | Board Member Trustee or director | 2 | $102,575 | $0 |
| Wendy Lanton | Board Member Trustee or director | 2 | $100,690 | $0 |
| Linde Murphy | Board Member Trustee or director | 2 | $100,684 | $0 |
| SAMIR M DESHPANDE | BOARD MEMBER Trustee or director | 2 | $100,204 | $0 |
| DEBORAH BAILEY | BOARD MEMBER Trustee or director | 2 | $100,179 | $0 |
| MOIRA A KILCOYNE | BOARD MEMBER Trustee or director | 2 | $100,179 | $0 |
| PEGGY HO | BOARD MEMBER Trustee or director | 2 | $100,179 | $0 |
| Lisa Fairfax | BOARD MEMBER - AS OF 5/18/23 Trustee or director | 2 | $75,709 | $0 |
| James Nagengast | Board Member - THRU 9/6/23 Trustee or director | 2 | $75,434 | $0 |
| Scott Curtis | BOARD MEMBER - AS OF 9/6/23 Trustee or director | 2 | $51,697 | $0 |
| Gus Sauter | BOARD MEMBER - AS OF 12/21/23 Trustee or director | 2 | $10,000 | $0 |
| JAMES T CROWLEY | BOARD MEMBER Trustee or director | 2 | $709 | $0 |
| Kathryn Ruemmler | Board Member - THRU 9/6/23 Trustee or director | 2 | $613 | $0 |
| DERRICK ROMAN | BOARD MEMBER - AS OF 12/15/23 Trustee or director | 2 | $0 | $0 |
| Ethiopis Tafara | Board Member Trustee or director | 2 | $0 | $0 |
| MORTIMER J BUCKLEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| PENNY PENNINGTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9509 KEY WEST AVENUE, ROCKVILLE, MD 20850-0000
- Principal officer (990 for 2024)
- ROBERT W COOK, 1700 K STREET NW, WASHINGTON, DC 20006
- Signed the 990
- ROBERT W COOK, PRESIDENT AND CEO
- Phone
- (202) 728-8949
- Website
- WWW.FINRA.ORG
- Return prepared by
- ERNST & YOUNG US LLP
Mission
FINRA's mission is to protect investors and safeguard the integrity of our vibrant capital markets to ensure that everyone can invest with confidence.
Program accomplishments
- FINRA is a not-for-profit organization dedicated to investor protection and market integrity. FINRA regulates one critical part of the securities industry-member brokerage firms doing business in the U.S. FINRA, overseen by the SEC, writes rules, examines for and enforces compliance with FINRA rules and federal securities laws, registers broker-dealer personnel and offers them education and training, and informs the investing public. In addition, FINRA provides surveillance and other regulatory services for equities and options markets, as well as trade reporting and other industry utilities. FINRA also administers a dispute resolution forum for investors and brokerage firms and their registered employees. For more information, visit www.finra.org.
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
- 53-0088710
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1937
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,101,319,446
- Income (IRS master file)
- $3,466,202,902
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,607,503,080 | $3,040,929,806 | $3,101,319,446 | XML |
| 990 | December 2023 | $1,604,253,354 | $2,059,192,510 | $2,483,003,873 | XML |
| 990 | December 2022 | $1,730,554,890 | $2,160,421,774 | $2,751,162,902 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 53-0088710).
Questions about FINANCIAL INDUSTRY REGULATORY AUTHORITY INC
- What is the EIN of FINANCIAL INDUSTRY REGULATORY AUTHORITY INC?
- The employer identification number (EIN) of FINANCIAL INDUSTRY REGULATORY AUTHORITY INC is 53-0088710.
- Is FINANCIAL INDUSTRY REGULATORY AUTHORITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1937.
- Are donations to FINANCIAL INDUSTRY REGULATORY AUTHORITY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FINANCIAL INDUSTRY REGULATORY AUTHORITY 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 FINANCIAL INDUSTRY REGULATORY AUTHORITY INC 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 FINANCIAL INDUSTRY REGULATORY AUTHORITY INC 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 FINANCIAL INDUSTRY REGULATORY AUTHORITY INC?
- The 990 for the year ended December 31, 2024 names ROBERT W COOK.
- Who are the officers and directors of FINANCIAL INDUSTRY REGULATORY AUTHORITY INC?
- The 990 for the year ended December 31, 2024 lists 45 people; 41 received compensation from the organization, the highest $3,472,973 (Robert W Cook, President & CEO).
- How much revenue does FINANCIAL INDUSTRY REGULATORY AUTHORITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,607,503,080, expenses of $3,040,929,806 and total assets of $3,101,319,446 at year end.
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