Financial Industry Regulatory Authority Inc in Rockville, Maryland (MD)

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Financial Industry Regulatory Authority Inc
Employer Identification Number (EIN)530088710
Name of OrganizationFinancial Industry Regulatory Authority Inc
In Care of NameMarcia E Asquith
Address9509 Key West Ave, Rockville, MD 20850-3329
ActivitiesBusiness promotion (chamber of commerce, business league, etc.)
SubsectionBusiness League
Ruling Date06/1937
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,208,535,467
Amount of Income$3,509,329,685
Form 990 Revenue Amount$664,072,209
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business


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Amount of income in 2013: $3,509,329,685
Financial Industry Regulatory Authority Inc: 

 $3,509,329,685
Other organizations performing similar types of work: 

 $1,135,572

Assets in 2013: $2,208,535,467
Financial Industry Regulatory Authority Inc: 

 $2,208,535,467
Other organizations performing similar types of work: 

 $1,313,154

Expenses in 2013: $783,423,547
This organization: 

 $783,423,547
Other organizations performing similar types of work: 

 $895,505

Income to expenses ratio in 2013: 4.5
Financial Industry Regulatory Authority Inc: 

 4.5
Other organizations performing similar types of work: 

 1.1

Number of employees in 2013: 996
Financial Industry Regulatory Authority Inc: 

 996
Other organizations performing similar types of work: 

 7

Employees paid over $100,000 in 2013: 65.3%
Financial Industry Regulatory Authority Inc: 

 65.3%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNo
Is the organization required to complete Schedule B, Schedule of Contributors?NoNo
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoYes
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?YesYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096227222
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return967996
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$21,230,019$18,337,788
Total reportable compensation from related organizations$9,881,411$2,795,121
Total estimated amount of other compensation from the organization and related organizations$2,188,545$1,572,326
Total number of individuals who received more than $100,000 of reportable compensation from the organization465545
Total number of independent contractors who received more than $100,000 of compensation from the organization106105
Statement of Revenue
201120122013
Total revenue$734,882,331$750,425,103$664,072,209
Contributions, Gifts, Grants and Other Similar Amounts$0$0$0
Program Service Revenue$452,040,423$461,159,958$478,422,829
900099$357,825,204$379,870,328
900099$3,901,283$3,372,443
900099$56,889,884$58,380,598
900099$42,291,657$36,685,080
900099$251,930$114,380
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$24,302,369$34,001,606$24,808,318
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$1,705,812$1,645,194$1,549,189
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$20,682,294$15,474,433$40,799,235
Gross amount from sales of assets other than inventory (Securities / Other)$2,644,911,386 / $2,889,320$3,137,085,641 / $4,692$2,886,055,211 / $1,500
Less: cost or other basis and sales expenses (Securities / Other)$2,624,359,549 / $2,758,862$3,119,058,964 / $2,556,935$2,845,243,758 / $13,718
Gain or (loss) (Securities / Other)$20,551,837 / $130,458$18,026,677 / $-2,552,243$40,811,453 / $-12,218
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$236,151,433$238,143,912$118,492,638
900099$238,143,912$118,492,638
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$703,396,560$727,318,480$783,423,547
Grants and other assistance to domestic organizations and domestic governments$1,500,000$6,010,732
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$12,494,439$12,714,092$11,423,922
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$111,737,713$110,794,522$171,984,085
Pension plan accruals and contributions$22,088,836$27,871,331
Other employee benefits$18,627,682$16,494,837
Payroll taxes$5,596,101$7,025,351$7,655,141
Fees for services (non-employees)
Management$3,900,683$4,544,324
Legal$3,464,388$2,577,675
Accounting$1,422,064$1,514,129
Lobbying$760,357$776,446
Professional fundraising services$0$0$0
Investment management fees$1,477,975$1,520,117
Other$10,497,375$9,449,157
Advertising and promotion$61,462$74,306
Office expenses$10,591,065$8,031,339
Information technology$71,937,804$61,156,033
Royalties$0$0
Occupancy$15,573,993$4,534,362
Travel$4,215,526$5,144,752
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$1,386,972$1,180,703
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$36,259,463$27,950,511
Insurance$2,225,701$2,238,059
Other expenses$357,825,195$379,995,591
Other expenses$28,814,733$23,759,147
Other expenses$1,999,212$1,709,892
Other expenses$2,426,078$1,605,438
Other expenses$-272,049$4,221,518
Balance Sheet
201120122013
Total assets$2,158,907,693$2,152,653,604$2,208,535,467
Cash - non-interest-bearing$-3,508,046$128,269,777
Savings and temporary cash investments$361,219,836$222,998,774
Pledges and grants receivable, net$0$0
Accounts receivable, net$95,731,870$92,482,304
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$18,608,942$16,970,389
Land, buildings, and equipment: cost or other basis$145,656,336$128,926,387
Investments - publicly traded securities$726,370,529$738,977,254
Investments - other securities$730,298,696$799,684,864
Investments - program-related$0$0
Intangible assets$27,476,971$25,831,317
Other assets$50,798,470$54,394,401
Total liabilities$416,132,921$433,249,427$423,659,180
Accounts payable and accrued expenses$392,541,216$392,888,537
Grants payable$0$0
Deferred revenue$40,708,211$30,770,643
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0
Total net assets or fund balances$1,742,774,772$1,719,404,177$1,784,876,287
Unrestricted net assets$0$0
Temporarily restricted net assets$0$0
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$169,005,778$169,005,778
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$1,573,768,994$1,550,398,399$1,615,870,509
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$134,468,411$162,133,732$65,381,786$83,287,685$87,864,186$884,608,558$1,158,476,481$576,951,673
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$114,571,636$80,840,299$79,233,814$20,296,830$18,021,969$398,308,778$487,227,712$303,132,905
Membership dues and assessments$6,241,510$6,743,530$6,814,804$0$0$0$0$0
Interest on savings and temporary cash investments$17,049,244$20,789,876$15,546,812$18,754,068$20,163,072$48,483,927$51,762,697$58,538,943
Dividends and interest from securities$0$-3,273,971$-24,210,064$23,546,078$36,060,291$30,184,581$131,058,051$116,822,109
Net rental income or (loss)$-3,164,988$-1,822,358$-2,530,761$0$0$0$0$0
Gross rents$2,351,591$2,790,934$2,327,749$0$0$0$0$0
Less: rental expenses$5,516,579$4,613,292$4,858,510$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-228,991$-132,376$-15,083,571$-449,626$-1,116,913$150,309$1,512,819$-179,239
Gross amount from sales of assets other than inventory$6,442,402$19,752,994$0$0$41,514$150,309$8,387,810$0
Less: cost or other basis and sales expenses$6,671,393$19,885,370$15,083,571$449,626$1,158,427$0$6,874,991$179,239
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$58,988,732$5,610,752$21,140,335$14,735,767$407,480,963$486,915,202$98,636,955
Total expenses$140,348,537$103,334,125$137,417,482$158,698,381$209,517,708$869,775,927$766,923,731$775,882,324
Program services$0$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$567,979,875$626,779,482$659,411,605$628,401,167$1,261,024,948$188,956,529$2,193,209,469$2,173,282,866
Excess or (deficit) for the year$-5,880,126$58,799,607$-72,035,696$-75,410,696$-121,653,522$14,832,631$391,552,750$-198,930,651
Net assets or fund balances at beginning of year$559,286,155$567,979,875$626,779,482$659,411,605$628,401,167$1,261,024,948$1,611,263,751$2,193,209,469
Other changes in net assets or fund balances$14,573,845$0$104,667,819$44,400,258$754,277,303$-1,086,901,050$190,392,968$179,004,049
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$775,882,324$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$10,047,750$0$0$0
Compensation of former officers, directors, key employees, etc.$2,287,890$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$95,302,710$0$0$0
Pension plan contributions not included above$5,716,521$0$0$0
Employee benefits not included above$22,808,193$0$0$0
Payroll taxes$4,195,086$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$1,195,627$0$0$0
Legal fees$8,074,166$0$0$0
Supplies$3,697,824$0$0$0
Telephone$4,156,509$0$0$0
Postage and shipping$908,032$0$0$0
Occupancy$-21,286$0$0$0
Equipment rental and maintenance$14,432,054$0$0$0
Printing and publications$5,596,212$0$0$0
Travel$6,768,661$0$0$0
Conferences, conventions, and meetings$3,407,841$0$0$0
Interest$28,831$0$0$0
Depreciation, depletion, etc.$16,375,663$0$0$0
Other expenses not covered above$570,904,040$0$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$982,352,296$970,650,648$919,687,601$962,248,382$2,086,937,293$1,592,225,077$3,415,490,717$3,944,855,927
Cash - non-interest-bearing$0$0$0$0$0$0$0$334,889,992
Savings and temporary cash investments$93,151,122$281,914,893$590,383,046$666,391,900$104,765,195$286,298,614$411,598,767$80,063,723
Accounts receivable less allowance for doubtful accounts$68,917,824$87,360,301$78,922,329$0$80,621,075$95,372,820$224,577,031$180,037,433
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$7,906,311$7,887,519$7,602,970$5,655,939
Investments - publicly-traded securities$0$0
Investments - other securities$105,336,948$137,859,431$98,180,651$138,038,925$958,414,401$0$1,544,776,798$1,792,563,837
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$544,297,682$340,499,367$43,366,678$56,808,974$842,574,799$1,095,716,034$1,113,783,666$1,392,915,071
Land, buildings, and equipment less accumulated depreciation$170,648,720$121,222,301$105,209,916$96,357,693$92,060,028$105,412,478$112,633,351$115,291,781
Other assets, including program-related investments$0$1,794,355$3,624,981$4,650,890$595,484$1,537,612$518,134$43,438,151
Total liabilities$414,372,421$343,871,166$260,275,996$333,847,215$825,912,345$1,403,268,548$1,222,281,248$1,771,573,061
Accounts payable and accrued expenses$334,833,573$199,710,625$226,917,906$272,263,899$783,995,924$1,331,843,425$1,151,770,123$1,700,696,524
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$75,408,740$135,557,648$24,200,619$8,135,993$4,038,707$64,631,912$67,920,062$70,876,537
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$4,130,108$8,602,893$9,157,471$53,447,323$37,877,714$6,793,211$2,591,063$0
Total liabilities and net assets/fund balances$982,352,296$970,650,648$919,687,601$962,248,382$2,086,937,293$1,592,225,077$3,415,490,717$3,944,855,927
Total net assets or fund balances$567,979,875$626,779,482$659,411,605$628,401,167$1,261,024,948$188,956,529$2,193,209,469$2,173,282,866
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$134,468,411$162,133,732$65,381,786$83,287,685$87,864,186$884,608,558$1,158,476,481$290,268,148
Total revenue, gains, and other support per audited financial statements$24,382,942$86,068,038$115,813,956$90,494,844$87,664,768$237,759,878$663,140,022$290,268,148
Other expenses$0$0$104,667,819$16,080,041$3,908,730$-646,848,680$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$104,667,819$16,080,041$3,908,730$-646,848,680$0$0
Other revenue$110,085,469$76,065,694$54,235,649$8,872,882$4,108,148$0$495,336,459$0
Investment expenses$0$0$0$0$0$0$0$0
Other$110,085,469$76,065,694$54,235,649$8,872,882$4,108,148$0$495,336,459$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$140,348,537$103,334,125$137,417,482$158,698,381$209,517,708$869,775,927$766,923,731$775,882,324
Total expenses and losses per audited financial statements$30,263,068$27,268,431$83,181,833$149,825,499$205,409,560$222,927,247$271,587,272$489,198,799
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$110,085,469$76,065,694$54,235,649$8,872,882$4,108,148$646,848,680$495,336,459$286,683,525
Investment expenses$0$0$0$0$0$0$0$0
Other$110,085,469$76,065,694$54,235,649$8,872,882$4,108,148$646,848,680$495,336,459$286,683,525
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
60$2,502,640$614,788$23,398
60$1,479,578$134,224$3,205
60$1,113,881$97,491$309
60$1,096,410$61,678$2,582
60$829,806$0$194
60$779,602$0$148
60$784,945$0$4,518
60$703,682$105,470$468
60$588,008$0$166
60$169,198$0$27,381
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings20
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$2,237,890$0$261
$0$50,000$0$34,886
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$680,000
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$680,000
Does the organization elect to pay the section 6033(e) tax on the amount above?Yes
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006480
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$233,444,749$303,132,905
Program service revenue
Program service revenue 1000000$000$0$303,132,905
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$58,538,943$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$116,822,109$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-179,239$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Gross income from an unrelated activity that is regularly carried on but, in light of continuous losses sustained over a number of tax periods, cannot be regarded as being conducted with the motive to make a profit (not a trade or business)$58,262,936$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
521953595100%$6,317$147,273
522307595100%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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1Financial Industry Regulatory Authority Inc9509 Key West Ave, Rockville, MD 20850-3329MD1937-06$3,509,329,685
2Finra Regulation Inc9509 Key West Ave, Rockville, MD 20850-3329MD1997-05$756,743,585
3Aircraft Owners & Pilots Asso421 Aviation Way, Frederick, MD 21701-4756MD1998-07$91,412,339
4National Electrical Contractors Association Inc3 Bethesda Metro Ctr Ste 1100, Bethesda, MD 20814-6302MD1952-03$36,041,777
5Association For Financial Professionals Inc, Tma4520 Eastwest Hightway 750, Bethesda, MD 20814MD1981-12$31,692,247
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7Mechanical Contractors Association Of America Inc1385 Piccard Dr, Rockville, MD 20850-4329MD1958-02$13,727,769
8National Asphalt Pavement Association Inc5100 Forbes Boulevard, Lanham, MD 20706-4416MD1956-12$8,182,916
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15Technology Association Of Georgia Inc75 Fifth Street Nw, Atlanta, GA 30308-1019GA1999-08$3,585,971
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Number of organizations performing similar types of work
Alaska1
Alabama14
Arkansas10
Arizona14
California108
Colorado18
Connecticut12
District of Columbia78
Delaware7
Florida52
Georgia30
Hawaii5
Iowa18
Idaho2
Illinois80
Indiana24
Kansas12
Kentucky9
Louisiana15
Massachusetts29
Maryland25
Maine3
Michigan30
Minnesota26
Missouri27
Mississippi11
Montana5
North Carolina39
North Dakota1
Nebraska5
New Hampshire4
New Jersey25
New Mexico6
Nevada8
New York92
Ohio42
Oklahoma11
Oregon18
Pennsylvania48
Rhode Island4
South Carolina11
South Dakota9
Tennessee20
Texas75
Utah4
Virginia104
Vermont5
Washington26
Wisconsin21
West Virginia8
Wyoming3
International4
Total1,258

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