FINRA is a public sector improvement organization based in Washington, DC that was founded in 1996. As of 2019 they had $818 million in revenue and $49 million in assets.
The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator of securities firms doing business with the public in the United States.
Finra Regulation (FINRA) makes grants to other organizations, such as $168,507 to American Online Giving Foundation for "General Support"; $30,000 to SIFMA Foundation for Investor Education for "General Support"; $20,000 to Securities and Exchange Commission Historical Society for "General Support"; $16,000 to Consumer Federation of America (CFA) for "General Support"; and $15,000 to Council for Economic Education for "General Support".
Previous legal names or variations of their name include: Financial Industry Regulatory Authority.
EIN:
52-1959501
City:
State:
Metro:
Website:
Phone:
(301) 590-6500
Twitter:
Founded:
1996
Type:
501(c)(6)
NTEE:
Revenue:
$818,795,285
Assets:
$49,311,804
Employees:
0
Fiscal year end:
December
Form 990s for FINRA
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-12 | Jun 9, 2020 | 990 | View PDF |
| 2017-12 | Mar 15, 2019 | 990 | View PDF |
| 2016-12 | Jan 18, 2018 | 990 | View PDF |
| 2015-12 | Feb 27, 2017 | 990O | View PDF |
| 2014-12 | Jan 27, 2016 | 990O | View PDF |
| ...and five more Form 990 PDFs |
Financials for FINRA
| Field | 2018 | 2017 | % 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 | |
| <em>Non-cash contributions included in above</em> | $0 | $0 | |
| Total grants, contributions, etc. | $0 | $0 | |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | |
| Program services | $818,670,022 | $791,969,260 | 3.4% |
| Investment income and dividends | $0 | $0 | |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $125,263 | $164,352 | -23.8% |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $0 | $0 | |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $0 | $0 | |
| Total revenues | $818,795,285 | $792,133,612 | 3.4% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $1,083,953 | $562,521 | 92.7% |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $15,000 | -100% |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $0 | $0 | |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $0 | $0 | |
| Pension/retirement accruals and contributions | $0 | $0 | |
| Other employee benefits | $0 | $0 | |
| Payroll taxes | $0 | $0 | |
| Management fees | $458,340,793 | $462,144,938 | -0.8% |
| Legal fees | $813,965 | $739,903 | 10.0% |
| Accounting fees | $118,207 | $120,000 | -1.5% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $0 | $0 | |
| Other fee-for-service | $25,647,108 | $25,041,645 | 2.4% |
| Advertising and promotion | $83,225 | $103,921 | -19.9% |
| Office expenses | $2,564,512 | $3,169,002 | -19.1% |
| Information tech. expenses | $4,371,853 | $3,646,123 | 19.9% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $38,942,498 | $37,411,259 | 4.1% |
| Travel | $9,402,037 | $9,766,030 | -3.7% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $5,293,827 | $4,903,295 | 8.0% |
| Interest | $0 | $0 | |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $0 | $0 | |
| Insurance | $0 | $0 | |
| All other expenses | $117,793,522 | $115,686,802 | 1.8% |
| Total expenses | $664,455,500 | $663,310,439 | 0.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $0 | $0 | |
| Savings, short-term investments, etc. | $0 | $0 | |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $49,311,804 | $58,676,126 | -16.0% |
| 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 | $0 | $0 | |
| Buildings, equipment, etc. post-depreciation | $0 | $0 | |
| Investments, publicly traded securities | $0 | $0 | |
| Investments, other securities | $0 | $0 | |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $0 | $0 | |
| Total assets | $49,311,804 | $58,676,126 | -16.0% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $71,709,302 | $70,948,517 | 1.1% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $79,698,461 | $78,818,467 | 1.1% |
| 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 | $151,407,763 | $149,766,984 | 1.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $0 | $0 | |
| Temporarily restricted net assets | $0 | $0 | |
| Permanently restricted net assets | $0 | $0 | |
Vendors for FINRA
| Vendor | Services | Amount paid | Date |
|---|
| Ernst and Young Us LLP | Tax accounting | | 2020-06-09 |
| ██████ | Content management system software | | 2019-08-20 |
| █████████ ████████ ██████████ █████ | Consulting Employee | $458,340,793 | 2018-12-01 |
Personnel at FINRA
| Name | Title | Compensation | Most recent data |
|---|
| Nathaniel Stankard | Senior Advisor, Office of the Chief Executive Officer | - | June 12, 2020 |
| Robert W. Cook | President and Chief Executive Officer | $0 | June 12, 2020 |
| ████ █████ | Senior Vice President, Cyber Security and Chief Information Security Officer | - | June 12, 2020 |
| ██████ ██ ███████ | Executive Vice President and Chief Information Officer | $0 | June 12, 2020 |
| ████ ███████ | Executive Vice President, Chief Financial Officer and Chief Administrative Officer | $0 | June 12, 2020 |
| ██████ ████ | Senior Vice President and Chief of Staff and Head of Core Functions, Member Supervision | - | June 12, 2020 |
| ██████ █████ | Chief Legal Officer | $0 | June 12, 2020 |
| ████████ ██ ███████ | Chief Economist and Senior Vice President | $0 | June 12, 2020 |
| ███████ ██ █████ ███ | Senior Vice President Office of Government Affairs | - | June 12, 2020 |
| ██████ ██ ████ | Senior Vice President, Finance | - | June 12, 2020 |
| ...and 27 more key personnel |
Peer public sector reform and improvement organizations
| | Name | Type | Revenue | Location |
|---|
| 1 | Financial Industry Regulatory Authority (FINRA) | 501(c)(6) | $1.2 billion | Washington, DC |
| 2 | American Petroleum Institute (API) | 501(c)(6) | $234 million | Washington, DC |
| 3 | Pharmaceutical Research and Manufacturers of America (PhRMA) | 501(c)(6) | $459 million | Washington, DC |
| 4 | National Restaurant Association (NRA) | 501(c)(6) | $289 million | Washington, DC |
| 5 | Securities Investor Protection Corporation (SIPC) | 501(c)(6) | $355 million | Washington, DC |
| 6 | American Medical Association | 501(c)(6) | $332 million | Chicago, IL |
| 7 | United States Tennis Association Incorporated | 501(c)(6) | $320 million | White Plains, NY |
| 8 | New York Shipping Association | 501(c)(6) | $275 million | Edison, NJ |
| 9 | Cfa Institute | 501(c)(6) | $370 million | Charlottesville, VA |
| 10 | Missouri Valley Line Constructors National Electrical Contractors Association in | 501(c)(6) | $239 million | Kansas City, MO |
| 11 | National Football League (NFL) | 501(c)(6) | $619 million | New York, NY |
| 12 | National Association of Realtors | 501(c)(6) | $245 million | Chicago, IL |
| 13 | California Independent System Operator (CAISO) | 501(c)(3) | $228 million | Folsom, CA |
| 14 | Electric Reliability Council of Texas (ERCOT) | 501(c)(4) | $244 million | Austin, TX |
| 15 | New Venture Fund | 501(c)(3) | $405 million | Washington, DC |
| 16 | Michigan Catastrophic Claims Association (MCCA) | 501(c)(6) | $2.1 billion | Livonia, MI |
| 17 | World Economic Forum | 501(c)(6) | $318 million | Switzerland, |
| 18 | North Carolina Insurance Underwriting Association (NCIUA) | 501(c)(6) | $349 million | Raleigh, NC |
| 19 | PGA Tour | 501(c)(6) | $1.4 billion | Ponte Vedra Beach, FL |
| 20 | Gsma | 501(c)(6) | $216 million | Atlanta, GA |
| 21 | American Bureau of Shipping (ABS) | 501(c)(6) | $460 million | Spring, TX |
| 22 | Tennis Australia | 501(c)(6) | $320 million | Australia, |
| 23 | National Education Association of the United States | 501(c)(5) | $383 million | Washington, DC |
| 24 | Laborers-Employers Benefit Plan Collection Trust (LECET) | 501(c)(5) | $555 million | Washington, DC |
| 25 | National Association of Letter Carriers (NALC) | 501(c)(5) | $1.7 billion | Washington, DC |