Nonprofit · EIN 88-1980058
DERIVATIVES MARKET INSTITUTE FOR STANDARDS INC
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $308,750 | $792,038 | -$483,288 | $94,857 | $286,760 | -$191,903 |
| December 31, 2023 | 990 | $240,000 | $556,552 | -$316,552 | $177,958 | $264,055 | -$86,097 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $308,750
- Membership dues
- $308,750
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $11,402
Balance sheet and other
- Total assets, start of year
- $177,958
- Total assets, end of year
- $94,857
- Total liabilities, end of year
- $286,760
- Net assets, end of year
- -$191,903
- Net assets without donor restrictions
- -$191,903
- Gross receipts
- $308,750
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2022
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WALTER LUKKEN | EXECUTIVE DIRECTOR Trustee or director, Officer | 3.5 | $0 | $2,096,079 | $47,588 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WALTER LUKKEN | EXECUTIVE DIRECTOR Trustee or director, Officer | 3.5 | $0 | $1,765,415 | $43,170 |
Address and contacts
- Address (IRS master file)
- 2001 K ST NW STE 725, WASHINGTON, DC 20006-1071
- In care of
- % R GUY SHEETZ
- Principal officer (990 for 2024)
- WALTER LUKKEN, 2001 K STREET NW North Tower 725, WASHINGTON, DC 20006
- Signed the 990
- WALTER LUKKEN, EXECUTIVE DIRECTOR
- Phone
- (202) 466-5460
- Website
- WWW.FIA.ORG/DMIST
- Return prepared by
- BDO USA
Mission
DERIVATIVES MARKET INSTITUTE FOR STANDARDS, INC. ("DMIST") MISSION IS TO IMPROVE THE EFFECTIVENESS, RESILIENCY, COMPETITIVENESS, AND INNOVATIVENESS OF THE EXCHANGE-TRADED AND CLEARED DERIVATIVES MARKETS THROUGH THE ADOPTION OF STANDARDS AND BEST PRACTICES IN THE TRADE AND CLEARING LIFECYCLE FOR THE BENEFIT OF ALL SECTORS AND INDUSTRY PARTICIPANTS.
Program accomplishments
- N/A
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
- 88-1980058
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $94,857
- Income (IRS master file)
- $308,750
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $308,750 | $792,038 | $94,857 | XML |
| 990 | December 2023 | $240,000 | $556,552 | $177,958 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-1980058).
Questions about DERIVATIVES MARKET INSTITUTE FOR STANDARDS INC
- What is the EIN of DERIVATIVES MARKET INSTITUTE FOR STANDARDS INC?
- The employer identification number (EIN) of DERIVATIVES MARKET INSTITUTE FOR STANDARDS INC is 88-1980058.
- Is DERIVATIVES MARKET INSTITUTE FOR STANDARDS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2023.
- Are donations to DERIVATIVES MARKET INSTITUTE FOR STANDARDS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DERIVATIVES MARKET INSTITUTE FOR STANDARDS 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 DERIVATIVES MARKET INSTITUTE FOR STANDARDS 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 DERIVATIVES MARKET INSTITUTE FOR STANDARDS 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 DERIVATIVES MARKET INSTITUTE FOR STANDARDS INC?
- The 990 for the year ended December 31, 2024 names WALTER LUKKEN.
- Who are the officers and directors of DERIVATIVES MARKET INSTITUTE FOR STANDARDS INC?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does DERIVATIVES MARKET INSTITUTE FOR STANDARDS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $308,750, expenses of $792,038 and total assets of $94,857 at year end.
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