FINRA is a economic development corporation or economic program 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.
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|---|---|---|
| 2017-12 | Feb 21, 2019 | 990 | |
| 2016-12 | Jan 18, 2018 | 990 | |
| 2015-12 | Feb 27, 2017 | 990O | |
| 2014-12 | Feb 3, 2016 | 990O | |
| 2013-12 | Dec 29, 2014 | 990O | |
| ...and three more Form 990 PDFs | |||
| Field | 2017 |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising event contributions | $0 |
| Related organizations | $0 |
| Government grants (contributions) | $0 |
| Normal grants, contributions, etc. | $0 |
| Non-cash contributions | $0 |
| Program services | $647,868,600 |
| Investment income and dividends | $24,484,935 |
| Tax-exempt bond proceeds | $0 |
| Royalty revenue | $144,351 |
| Net rental income | $231,989 |
| Net gain from sale of non-inventory assets | $63,985,787 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous revenues | $570,969,991 |
| Total revenues | $1,307,685,653 |
| Field | 2017 |
|---|---|
| Grants to govts. and orgs. in USA | $0 |
| Grants to individuals in USA | $0 |
| Grants to govts., orgs., and individuals outside USA | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, etc. | $14,166,556 |
| Compensation not included above, to disqualified persons | $0 |
| Non-officer salaries and wages | $519,581,650 |
| Pension/retirement accruals and contributions | $70,176,932 |
| Other employee benefits | $51,208,860 |
| Payroll taxes | $32,368,552 |
| Management fees | $5,912,136 |
| Legal fees | $5,250,501 |
| Accounting fees | $1,298,579 |
| Lobbying fees | $556,580 |
| Pro. fundraising fees | $0 |
| Investment mgmt fees | $1,634,404 |
| Other fee-for-service | $10,428,494 |
| Advertising and promotion | $4,302 |
| Office expenses | $8,052,960 |
| Information tech. expenses | $143,460,897 |
| Royalty expenses | $0 |
| Occupancy | $3,285,458 |
| Travel | $5,065,852 |
| Public official travel and entertainment | $0 |
| Conferences, meetings, etc. | $1,045,834 |
| Interest | $781,054 |
| Payments to affiliates | $0 |
| Depreciation, amortization, etc. | $15,247,128 |
| Insurance | $2,105,362 |
| All other expenses | $553,075,981 |
| Total expenses | $1,444,708,072 |
| Field | 2017 |
|---|---|
| Cash (non-interest-bearing) | $60,182,410 |
| Savings, short-term investments, etc. | $250,834,251 |
| Pledges and grants receivable | $0 |
| Accounts receivable | $169,735,570 |
| Loans receivable from officers, directors, etc. | $0 |
| Loans receivable from other disqualified persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for use | $0 |
| Prepaid expenses and deferred charges | $22,231,587 |
| Buildings, equipment, etc. post-depreciation | $106,068,259 |
| Investments, publicly traded securities | $703,216,958 |
| Investments, other securities | $925,425,703 |
| Investments, program-related | $0 |
| Intangible assets | $16,420,435 |
| Other assets | $10,297,828 |
| Total assets | $2,264,413,001 |
| Field | 2017 |
|---|---|
| Accounts payable and accrued expenses | $643,372,782 |
| Grants payable | $0 |
| Deferred revenue | $13,849,843 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans payable to officers and disqualified persons | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other liabilities | $0 |
| Total liabilities | $657,222,625 |
| Field | 2017 |
|---|---|
| Unrestricted net assets | $0 |
| Temporarily restricted net assets | $0 |
| Permanently restricted net assets | $0 |
| Field | 2017 |
|---|---|
| Total margin | -10% |
| Working capital | $-154,238,807 |
| Current assets | $502,983,818 |
| Current liabilities | $657,222,625 |
| Days cash on hand | 78 days |
| Acid test liquidity ratio | 0.73 |
| 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 | |||
| Name | Title | Compensation | Most recent data |
|---|---|---|---|
| Richard G Ketchum Fmr | Chairman and Chief Executive Officer | - | Dec. 31, 2017 |
| ██████ ██ ████ | President and Chief Executive Officer | $1.0 million | June 14, 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 | |||
| Name | Type | Revenue | Location | |
|---|---|---|---|---|
| 1 | Johns Hopkins Health System Corporation (JHHS) | 501(c)(3) | $382 million | Baltimore, MD |
| 2 | American Bureau of Shipping (ABS) | 501(c)(6) | $516 million | Houston, TX |
| 3 | Blue Cross Blue Shield Association (BCBSA) | 501(c)(4) | $591 million | Chicago, IL |
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