Cause IQ organization profile

Financial Industry Regulatory Authority (FINRA)

FINRA is a public sector improvement organization based in Rockville, MD that was founded in 1936. As of 2018 they had $1.3 billion in revenue and $2.2 billion in assets.

Financial Industry Regulatory Authority (FINRA) is dedicated to investor protection and market integrity through effective and efficient regulation of broker-dealers.

Previous legal names or variations of their name include: National Association Securities Dealers.

EIN:

53-0088710

City:

Rockville

State:

Maryland

Metro:

Washington-Arlington-Alexandria, DC-VA-MD-WV

NTEE:

W20: Public sector reform and improvement organizations

Website:

finra.org

Phone:

(301) 590-6500

Type:

501(c)(6)

Revenue:

$1,307,685,653

Assets:

$2,264,413,001

Employees:

3,950

Fiscal year end:

December

Founded:

1936

Revenue trends:

Asset trends:

Form 990s for FINRA

Fiscal year ending	Date received by IRS	Form	PDF link
2017-12	Feb 21, 2019	990	View PDF
2016-12	Jan 18, 2018	990	View PDF
2015-12	Feb 27, 2017	990O	View PDF
2014-12	Feb 3, 2016	990O	View PDF
2013-12	Dec 29, 2014	990O	View PDF
...and three more Form 990 PDFs

Financials for FINRA

Field	2017	2016	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$0	$0
Non-cash contributions	$0	$0
Program services	$647,868,600	$604,983,103	7.1%
Investment income and dividends	$24,484,935	$31,614,134	-22.6%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$144,351	$2,383,518	-93.9%
Net rental income	$231,989	$207,298	11.9%
Net gain from sale of non-inventory assets	$63,985,787	$36,208,891	76.7%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$570,969,991	$596,198,300	-4.2%
Total revenues	$1,307,685,653	$1,271,595,244	2.8%

Field	2017	2016	% Change
Grants to govts. and orgs. in USA	$0	$2,200,000	-100%
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$14,166,556	$14,434,421	-1.9%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$519,581,650	$522,376,245	-0.5%
Pension/retirement accruals and contributions	$70,176,932	$71,133,951	-1.3%
Other employee benefits	$51,208,860	$53,472,765	-4.2%
Payroll taxes	$32,368,552	$32,888,673	-1.6%
Management fees	$5,912,136	$7,954,620	-25.7%
Legal fees	$5,250,501	$3,540,997	48.3%
Accounting fees	$1,298,579	$1,201,500	8.1%
Lobbying fees	$556,580	$645,022	-13.7%
Pro. fundraising fees	$0	$0
Investment mgmt fees	$1,634,404	$2,093,518	-21.9%
Other fee-for-service	$10,428,494	$11,767,663	-11.4%
Advertising and promotion	$4,302	$5,422,551	-99.9%
Office expenses	$8,052,960	$8,574,291	-6.1%
Information tech. expenses	$143,460,897	$149,966,992	-4.3%
Royalty expenses	$0	$0
Occupancy	$3,285,458	$5,754,602	-42.9%
Travel	$5,065,852	$5,019,098	0.9%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$1,045,834	$1,260,070	-17.0%
Interest	$781,054	$678,216	15.2%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$15,247,128	$19,229,369	-20.7%
Insurance	$2,105,362	$2,222,813	-5.3%
All other expenses	$553,075,981	$512,107,647	8.0%
Total expenses	$1,444,708,072	$1,433,945,024	0.8%

Field	2017	2016	% Change
Cash (non-interest-bearing)	$60,182,410	$78,823,492	-23.6%
Savings, short-term investments, etc.	$250,834,251	$250,779,879	0.0%
Pledges and grants receivable	$0	$0
Accounts receivable	$169,735,570	$109,036,570	55.7%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$22,231,587	$14,893,216	49.3%
Buildings, equipment, etc. post-depreciation	$106,068,259	$111,400,143	-4.8%
Investments, publicly traded securities	$703,216,958	$922,824,277	-23.8%
Investments, other securities	$925,425,703	$693,135,502	33.5%
Investments, program-related	$0	$0
Intangible assets	$16,420,435	$19,587,255	-16.2%
Other assets	$10,297,828	$44,650,822	-76.9%
Total assets	$2,264,413,001	$2,245,131,156	0.9%

Field	2017	2016	% Change
Accounts payable and accrued expenses	$643,372,782	$604,905,225	6.4%
Grants payable	$0	$0
Deferred revenue	$13,849,843	$17,487,656	-20.8%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$0	$0
Total liabilities	$657,222,625	$622,392,881	5.6%

Field	2017	2016
Unrestricted net assets	$0	$0
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Social media

Facebook

Open FinancialIndustryRegulatoryAuthority Facebook page

Twitter

Open finra Twitter page

Vendors for FINRA

Vendor	Services	Amount paid	Date
Drupal	Content management system software		2019-06-21
█████ ███ █████ ██ ███	Tax accounting; Audit accounting		2018-11-12
██████ ███ ████████	Hosting Services	$21,274,470	2017-12-01
█████████ ███████████	Consulting	$5,458,095	2017-12-01
██████ ██████████ ██	Hosting Services	$14,134,408	2017-12-01
█████████	Testing Services	$10,561,814	2017-12-01
██████████	Tech Consulting	$14,690,788	2017-12-01
█████ ████ █████████ ███	Insurance		2016-12-31
...and 21 more vendors

Personnel at FINRA

Name	Title	Compensation	Most recent data
Richard G Ketchum Fmr	Chairman and Chief Executive Officer	-	Dec. 31, 2017
Robert W. Cook	President and Chief Executive Officer	$1.0 million	July 13, 2019
██████ █ ███████	Executive Vice President and Chief Information Officer	$1.0 million	Dec. 31, 2017
██████ █ █ █████	Executive Vice President and Chief Legal Officer	$1.2 million	Dec. 31, 2017
████ ███████	Senior Vice President , Corporate Communications	-	Sept. 15, 2017
████ █████	Senior Vice President , Member Relations and Education	-	Sept. 15, 2017
███████ ██████████	Executive Vice President	$790,937	Dec. 31, 2017
█████ █████	President , Finra Foundation and Senior Vice President , Investor Education / President , Finra Investor Education Foundationsenior Vice President , Finra Investor Education	-	Sept. 15, 2017
█ ███████ ███████	Executive Vice President	$1.2 million	Dec. 31, 2016
████████ █ ███████	Senior Vice President	$525,371	Dec. 31, 2017
...and 13 more key personnel

Peer public sector reform and improvement organizations

	Name	Type	Revenue	Location
1	The Pew Charitable Trusts / Plan 08150 08151 08152	501(c)(3)	$337 million	Philadelphia, PA
2	RAND Corporation (RAND)	501(c)(3)	$416 million	Santa Monica, CA
3	Blue Cross Blue Shield Association (BCBSA)	501(c)(4)	$591 million	Chicago, IL
4	Holy Cross Health	501(c)(3)	$563 million	Silver Spring, MD
5	Greater Baltimore Medical Center (GBMC)	501(c)(3)	$439 million	Baltimore, MD
6	Howard Hughes Medical Institute	501(c)(3)	$1.5 billion	Chevy Chase, MD
7	Frederick Memorial Hospital (FMH)	501(c)(3)	$373 million	Frederick, MD
8	Johns Hopkins Health System Corporation (JHHS)	501(c)(3)	$382 million	Baltimore, MD
9	HH Medstar Health	501(c)(3)	$549 million	Columbia, MD
10	Peninsula Regional Medical Center	501(c)(3)	$443 million	Salisbury, MD
11	University of Maryland Capital Region Health	501(c)(3)	$399 million	Laurel, MD
12	Johns Hopkins University (JHU)	501(c)(3)	$6.4 billion	Baltimore, MD
13	Western Maryland Health System Corporation (WMHS)	501(c)(3)	$424 million	Cumberland, MD
14	The Johns Hopkins Hospital (JHH)	501(c)(3)	$2.3 billion	Baltimore, MD
15	American Bureau of Shipping (ABS)	501(c)(6)	$484 million	Spring, TX

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