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The Institute for Financial Markets

We help people understand derivatives markets.

Washington, DC   |  https://www.theifm.org
GuideStar Charity Check

The Institute for Financial Markets

EIN: 52-1634508


Mission

The IFM’s mission focuses on financial markets education, and more specifically derivatives markets. Our aim is to increase public awareness and understanding of the importance of financial markets and the financial service industry to the global economy, and to improve the technical competence of those in the industry who deal with the public. As such, IFM engages in activities such as research, publications, course development, workshops, conferences, ethics and anti-money compliance laundering training, and free educational videos.

Ruling year info

1994

President & CEO

Trish Foshee

Main address

2001 K St NW Ste 725

Washington, DC 20006 USA

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EIN

52-1634508

Subject area info

Economics

Financial services

Population served info

Adults

Academics

Farmers

NTEE code info

Economics (as a Social Science) (V22)

IRS subsection

501(c)(3) Private Nonoperating Foundation

IRS filing requirement

This organization is required to file an IRS Form 990-PF.

Tax forms

Communication

Affiliations

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Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Ethics and AML Compliance Training

The IFM provides ethics training and anti money laundering training to keep financial services professionals cognizant of industry developments and their ethical and fraudulent implications that impact U.S. markets.

Population(s) Served

IFM hosts public policy- and regulation-focused educational events. Of special note is the free, annual DC Fintech Week, hosted by the IFM and the Institute of International Economic Law, Georgetown University's Law Center. DC Fintech Week's aim is to elevate the public’s understanding, and discourse, by democratizing the ideas and thoughts driving industry and policymakers.

Population(s) Served
Extremely poor people
Low-income people

Course and workshops are designed to fostering knowledge and understanding of the derivatives markets for industry professionals, market users and individuals of all backgrounds.

Population(s) Served
Adults
Academics
Adults
Academics

Where we work

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

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Financials

The Institute for Financial Markets
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021 info

SOURCE: IRS Form 990

37.48

Average of 20.85 over 10 years

Months of cash in 2021 info

SOURCE: IRS Form 990

2.5

Average of 7.5 over 10 years

Fringe rate in 2021 info

SOURCE: IRS Form 990

10%

Average of 15% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

The Institute for Financial Markets

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

The Institute for Financial Markets

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

The Institute for Financial Markets

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of The Institute for Financial Markets’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2017 2018 2019 2020 2021
Unrestricted surplus (deficit) before depreciation $2,314,190 -$716,792 -$416,298 -$243,989 $2,504,831
As % of expenses 269.9% -86.6% -43.4% -27.9% 267.4%
Unrestricted surplus (deficit) after depreciation $2,287,649 -$751,344 -$451,036 -$253,988 $2,500,642
As % of expenses 258.8% -87.1% -45.3% -28.7% 265.8%
Revenue composition info
Total revenue (unrestricted & restricted) $3,391,428 -$11,810 $407,149 $666,210 $527,039
Total revenue, % change over prior year 62.9% -100.3% -3547.5% 63.6% -20.9%
Program services revenue 4.5% -1004.2% 29.8% 12.3% 20.9%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 12.6% 2470.8% 44.4% 71.8% 34.7%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 0.0% -717.0% 20.8% 13.0% 16.5%
Other revenue 82.9% -649.6% 5.0% 2.9% 28.0%
Expense composition info
Total expenses before depreciation $857,560 $827,647 $960,171 $874,782 $936,729
Total expenses, % change over prior year -48.9% -3.5% 16.0% -8.9% 7.1%
Personnel 58.0% 57.6% 50.4% 56.8% 54.6%
Professional fees 13.9% 16.2% 10.8% 7.4% 9.2%
Occupancy 4.6% 4.5% 3.8% 4.4% 4.2%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 21.4% 23.4% 22.7%
All other expenses 23.5% 21.7% 13.5% 7.9% 9.4%
Full cost components (estimated) info 2017 2018 2019 2020 2021
Total expenses (after depreciation) $884,101 $862,199 $994,909 $884,781 $940,918
One month of savings $71,463 $68,971 $80,014 $72,899 $78,061
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $32,500 $19,499
Total full costs (estimated) $955,564 $931,170 $1,074,923 $990,180 $1,038,478

Capital structure indicators

Liquidity info 2017 2018 2019 2020 2021
Months of cash 2.5 1.2 1.2 4.9 2.5
Months of cash and investments 80.5 75.8 74.0 85.5 80.3
Months of estimated liquid unrestricted net assets 70.7 62.9 48.9 49.9 78.5
Balance sheet composition info 2017 2018 2019 2020 2021
Cash $177,665 $84,719 $96,910 $356,319 $193,385
Investments $5,578,313 $5,143,718 $5,824,115 $5,873,518 $6,077,160
Receivables $1,730,873 $1,315,401 $782,483 $2,960 $13,716
Gross land, buildings, equipment (LBE) $126,870 $41,876 $131,938 $140,804 $155,778
Accumulated depreciation (as a % of LBE) 39.8% 0.0% 90.7% 75.4% 67.9%
Liabilities (as a % of assets) 3.3% 2.3% 2.2% 2.3% 2.6%
Unrestricted net assets $5,129,942 $4,378,598 $3,927,562 $3,673,574 $6,174,216
Temporarily restricted net assets $2,191,375 $2,068,710 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $2,191,375 $2,068,710 $2,660,711 $2,754,232 $0
Total net assets $7,321,317 $6,447,308 $6,588,273 $6,427,806 $6,174,216

Key data checks

Key data checks info 2017 2018 2019 2020 2021
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

President & CEO

Trish Foshee

Number of employees

Source: IRS Form 990

The Institute for Financial Markets

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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The Institute for Financial Markets

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
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The Institute for Financial Markets

Board of directors
as of 01/18/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Michael Dawley

President, Bluefin Partners LLC

Term: 2017 - 2022

Gary A. DeWall

Special Counsel and Chair, Financial Markets and Regulatory, Katten Muchin Rosenman LLP

Daniel A. Driscoll

Special Policy Advisor, National Futures Association

Peter F. Borish

Chairman and CEO, Computer Trading Corporation

John M. Damgard

Director, Interactive Brokers

Arthur W. Hahn

Retired, Partner, Katten Muchin Rosenman LLP

Walter L Lukken

President and Chief Executive Officer, FIA

Organizational demographics

SOURCE: Self-reported; last updated 1/18/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

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Race & ethnicity

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Gender identity

Transgender Identity

Sexual orientation

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Disability

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Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.