Nonprofit · EIN 85-3790227
FINANCIAL TECHNOLOGY ASSOCIATION
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,817,476 | $3,174,642 | -$357,166 | $2,142,575 | $2,181,815 | -$39,240 |
| December 31, 2023 | 990 | $2,237,585 | $2,395,975 | -$158,390 | $2,055,092 | $1,737,166 | $317,926 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,783,108
- Membership dues
- $2,672,186
- Program service revenue
- $0
- Investment income
- $34,368
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $855,359
- Other salaries and wages
- $872,816
- Salaries, compensation and benefits (total)
- $1,867,050
- Professional fundraising fees
- $0
- Legal fees
- $180,000
- Accounting fees
- $37,589
- Occupancy
- $17,162
- Travel
- $25,413
- Program services (functional)
- $2,530,434
- Management and general (functional)
- $644,208
Balance sheet and other
- Total assets, start of year
- $2,055,092
- Total assets, end of year
- $2,142,575
- Total liabilities, end of year
- $2,181,815
- Net assets, end of year
- -$39,240
- Net assets without donor restrictions
- -$39,240
- Gross receipts
- $2,817,476
- Employees
- 5
- Volunteers
- 50
- Year formed
- 2020
- 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 |
|---|---|---|---|---|
| PENNY LEE | CEO/PRESIDENT Trustee or director, Officer, Key employee | 50 | $808,333 | $47,026 |
| ANGELENA BRADFIELD | HEAD OF POLICY Highest-paid employee | 40 | $359,996 | $17,197 |
| MIRANDA MARGOWSKY | HEAD OF COMMUNICATIONS Highest-paid employee | 40 | $235,000 | $16,929 |
| SARAH MAMULA | HEAD OF GOVERNMENT AFFAIRS Highest-paid employee | 40 | $149,551 | $9,328 |
| SAMANTHA RUSSELL | POLICY & COMMUNICATIONS MANAGER Highest-paid employee | 40 | $128,500 | $12,098 |
| TOM MANATOS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SIGAL MANDELKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE STATON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TEDDY FLO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN PETERS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MEREDITH FUCHS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SARAH PAUL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIGIT CARROLL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PARRIS SANZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT CAMERON | DIRECTOR Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF STOLTZFOOS | DIRECTOR Trustee or director | 1 | $0 |
| DANIELLE AVILES | DIRECTOR Trustee or director | 1 | $0 |
| PRIYA SANGER | DIRECTOR Trustee or director | 1 | $0 |
| JEREMY MOOREHOUSE | DIRECTOR (01/24 - 03/24) Trustee or director | 1 | $0 |
| ANDY HALATAEI | DIRECTOR (04/24 - 12/24) Trustee or director | 1 | $0 |
| DON HONG | DIRECTOR (06/24 - 09/24) Trustee or director | 1 | $0 |
| BRENDAN WOODBURY | DIRECTOR (09/24 - 12/24) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PENNY LEE | CEO/PRESIDENT Trustee or director, Officer, Key employee | 50 | $625,000 | $36,743 |
| LEIGH LYTLE | CHAIR(PART YEAR) Trustee or director, Officer | 1 | $0 | $0 |
| TOM MANATOS | CHAIR (PART YEAR) Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN PETERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TEDDY FLO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MEREDITH FUCHS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ADAM LESMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SIGAL MANDELKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE STATON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEREMY MOOREHOUSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH PAUL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSY SOUSSAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIELLE AVILES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEREDITH GRAUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PRIYA SANGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF STOLZFOOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIGIT CARROLL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PARRIS SANZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT CAMERON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICK CATINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ABHI RAGHUNATHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIRAE YANG | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 601 13TH STREET NW, WASHINGTON, DC 20005-3807
- In care of
- % KAREN BLACKISTONE
- Principal officer (990 for 2024)
- PENNY LEE, 601 13TH ST NW FL 12, WASHINGTON, DC 20005
- Signed the 990
- PENNY LEE, CHIEF EXECUTIVE OFFICER
- Phone
- (202) 594-8014
- Website
- WWW.FTASSOCIATION.ORG
- Return prepared by
- HALSTEAD & HALSTEAD PC
Mission
EDUCATE CONSUMERS, REGULATORS, POLICYMAKERS, AND INDUSTRY STAKEHOLDERS ON THE VALUE OF TECHNOLOGY-CENTERED FINANCIAL SERVICES AND ADVOCATE FOR THE MODERNIZATION OF FINANCIAL REGULATION TO SUPPORT INCLUSION AND INNOVATION TO ADVANCE THE DEVELOPMENT OF TRUSTED, DIGITAL FINANCIAL MARKETS AND SERVICES.
Program accomplishments
- FTA EDUCATED AND INFORMED POLICY-MAKERS AND THE PUBLIC ON ISSUES RELATED TO TECHNOLOGY-CENTERED FINANCIAL SERVICES. IT ACCOMPLISHED THIS THROUGH DRAFTING A COMPREHENSIVE WHITE PAPER, COMMENT LETTERS, PRESS RELEASES, MEDIA RELATIONS, ENGAGING POLICYMAKERS, ATTENDING CONFERENCES, SPEAKING ON PANELS, AND GROWING MEMBERSHIP.
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
- 85-3790227
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $2,142,575
- Income (IRS master file)
- $2,817,476
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,817,476 | $3,174,642 | $2,142,575 | IRS |
| 990 | December 2023 | $2,237,585 | $2,395,975 | $2,055,092 | XML |
| 990 | December 2022 | $1,867,694 | $1,883,097 | $2,006,399 | IRS |
| 990 | December 2021 | – | – | – | 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 85-3790227).
Questions about FINANCIAL TECHNOLOGY ASSOCIATION
- What is the EIN of FINANCIAL TECHNOLOGY ASSOCIATION?
- The employer identification number (EIN) of FINANCIAL TECHNOLOGY ASSOCIATION is 85-3790227.
- Is FINANCIAL TECHNOLOGY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2021.
- Are donations to FINANCIAL TECHNOLOGY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FINANCIAL TECHNOLOGY ASSOCIATION 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 TECHNOLOGY ASSOCIATION 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 TECHNOLOGY ASSOCIATION 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 TECHNOLOGY ASSOCIATION?
- The 990 for the year ended December 31, 2024 names PENNY LEE.
- Who are the officers and directors of FINANCIAL TECHNOLOGY ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 22 people; 5 received compensation from the organization, the highest $808,333 (PENNY LEE, CEO/PRESIDENT).
- How much revenue does FINANCIAL TECHNOLOGY ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,817,476, expenses of $3,174,642 and total assets of $2,142,575 at year end.
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