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Nonprofiteer
← SIFMA FOUNDATION FOR INVESTOR EDUCATION FIE INC

Form 990 for tax year 2024

Filed by SIFMA FOUNDATION FOR INVESTOR EDUCATION FIE INC.

Totals

Total revenue
$5,445,461
Total expenses
$4,878,410
Contributions and grants received
$4,756,186
Grants paid
$21,468
Program service revenue
$351,330
Investment income
$337,945
Other revenue
$0
Total assets, end of year
$12,417,310
Total liabilities, end of year
$626,198
Net assets or fund balances, end of year
$11,791,112
Program services expenses (Part IX)
$4,133,137
Management and general expenses
$535,243
Fundraising expenses
$210,030
Program service expenses (Part III)
$4,133,137

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,003,832

  • 1f · All other contributions, gifts and grants

    $3,752,354

  • 2a · Program service revenue: SMG PROCESSING FEE

    total $351,330 · related or exempt $351,330

  • 3 · Investment income

    total $337,945 · excluded $337,945

  • 8a · Fundraising events: gross income

    $193,815

  • 8a · Fundraising events: contributions included on line 1c

    $1,003,832

  • 8b · Fundraising events: direct expenses

    $193,815

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,468 · program services $21,468

  • 5 · Compensation of officers, directors and key employees

    total $537,102 · program services $241,696 · management and general $241,696 · fundraising $53,710

  • 7 · Other salaries and wages

    total $1,705,690 · program services $1,418,156 · management and general $176,124 · fundraising $111,410

  • 8 · Pension plan contributions

    total $245,862 · program services $204,310 · management and general $22,951 · fundraising $18,601

  • 9 · Other employee benefits

    total $282,077 · program services $219,229 · management and general $42,707 · fundraising $20,141

  • 10 · Payroll taxes

    total $147,276 · program services $124,392 · management and general $22,884

  • 11b · Fees: legal

    total $2,225 · management and general $2,225

  • 11c · Fees: accounting

    total $25,000 · management and general $25,000

  • 11g · Fees: other

    total $800,004 · program services $800,004

  • 13 · Office expenses

    total $64,913 · program services $64,913

  • 14 · Information technology

    total $577,046 · program services $577,046

  • 17 · Travel

    total $33,799 · program services $32,407 · management and general $786 · fundraising $606

  • 19 · Conferences, conventions and meetings

    total $425,780 · program services $421,270 · fundraising $4,510

  • 24a · Other expenses: DUES & REGISTRATION

    total $7,925 · program services $7,925

  • 24b · Other expenses: MISC. EXPENSES

    total $1,149 · program services $97 · fundraising $1,052

  • 24c · Other expenses: BANK CHARGES

    total $870 · management and general $870

  • 24d · Other expenses: SUBSCRIPTION AND BOOKS

    total $224 · program services $224

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $310,983 · end of year $196,070

  • 2 · Savings and temporary cash investments

    beginning of year $925,000 · end of year $1,100,000

  • 4 · Accounts receivable

    beginning of year $657,820 · end of year $738,465

  • 11 · Investments: publicly traded securities

    beginning of year $9,181,068 · end of year $10,371,399

  • 15 · Other assets

    beginning of year $7,066 · end of year $11,376

  • 17 · Accounts payable and accrued expenses

    beginning of year $118,324 · end of year $160,798

  • 25 · Other liabilities

    beginning of year $625,337 · end of year $465,400

  • 27 · Net assets without donor restrictions

    beginning of year $9,538,276 · end of year $11,016,112

  • 28 · Net assets with donor restrictions

    beginning of year $800,000 · end of year $775,000

Mission and programs · 2024

Mission

THE SIFMA FOUNDATION IS DEDICATED TO FOSTERING KNOWLEDGE AND UNDERSTANDING OF THE FINANCIAL MARKETS FOR INDIVIDUALS OF ALL BACKGROUNDS (CONTINUED ON SCHEDULE O)WITH A FOCUS ON YOUTH. DRAWING ON THE SUPPORT AND EXPERTISE OF THE FINANCIAL INDUSTRY, THE SIFMA FOUNDATION PROVIDES FINANCIAL EDUCATION PROGRAMS AND TOOLS THAT STRENGTHEN ECONOMIC OPPORTUNITY ACROSS COMMUNITIES AND INCREASE INDIVIDUALS' AWARENESS OF AND ACCESS TO THE BENEFITS OF THE GLOBAL MARKETPLACE.

Activities or mission (Part I)

SEE SCHEDULE O

  • SEE SCHEDULE OTHE STOCK MARKET GAME (TM)SIFMA FOUNDATION'S FLAGSHIP INITIATIVE, THE STOCK MARKET GAME, IS A BELOVED PROJECT-BASED FINANCIAL EDUCATION PROGRAM USED IN CLASSROOMS AND EDUCATIONAL SETTINGS. STARTING WITH A VIRTUAL CASH ACCOUNT OF $100,000, STUDENT TEAMS STRIVE TO CREATE THE BEST PERFORMING PORTFOLIO OF BONDS, STOCKS, MUTUAL FUNDS, ETFS AND ESG INVESTMENTS DURING THE 3 THROUGH 8 MONTH COMPETITION. SMG ENGAGES YOUTH IN LEARNING THAT LEADS TO HIGHER TEST SCORES IN ECONOMICS, MATH AND PERSONAL FINANCE, AND LIFE SKILLS LEARNING. A NATIONALLY RANDOMIZED, DOUBLE-BLIND STUDY FUNDED BY THE FINRA FOUNDATION FOUND THAT THE STOCK MARKET GAME PROGRAM SUBSTANTIALLY IMPROVED STUDENT PERFORMANCE ON STANDARDIZED MATH TESTS AND IMPROVED STUDENT INVESTOR KNOWLEDGE, WHILE ALSO INCREASING TEACHERS LIKELIHOOD OF RESEARCHING AND PLANNING FOR THEIR OWN RETIREMENT. INVESTWRITE (R)SIFMA FOUNDATION'S NATIONAL ESSAY COMPETITION, INVESTWRITE, EXTENDS WHAT STUDENTS LEARN IN SMG BY CHALLENGING THEM TO REVIEW A LONG-TERM INVESTMENT SCENARIO AND MAKE ANALYST-STYLE RECOMMENDATIONS. PARTICIPANTS WORK INDIVIDUALLY AND EXPLORE CONCEPTS OF SAVING AND INVESTING, ASSET ALLOCATION, AND CORPORATE GOVERNANCE, WHILE REINFORCING THEIR ELA SKILLS. EACH YEAR, THOUSANDS OF INDUSTRY PROFESSIONALS VOLUNTEER AS INVESTWRITE JUDGES TO SELECT AND ACKNOWLEDGE THE BEST ESSAYS. CAPITOL HILL CHALLENGE (TM)THE CAPITOL HILL CHALLENGE (CHC) IS A SPECIAL EDITION OF THE SMG THAT MATCHES US MEMBERS OF CONGRESS WITH STUDENT TEAMS IN THEIR DISTRICT'S PUBLIC AND UNDERSERVED SCHOOLS. CHC ENHANCES PARTICIPANTS' FINANCIAL AND CIVICS EDUCATION AND GIVES MEMBERS OF CONGRESS AN OPPORTUNITY TO ENGAGE WITH LOCAL SCHOOLS, EDUCATION LEADERS, AND FINANCIAL INSTITUTIONS SUPPORTING YOUTH FINANCIAL EDUCATION IN THEIR COMMUNITIES. SINCE 2014, 100% CONGRESS HAS PARTICIPATED IN CHC. INVEST IT FORWARD (R)AN INDUSTRY-WIDE, SKILLS-BASED VOLUNTEER PROGRAM, INVEST IT FORWARD (IIF) FOSTERS CAREER EXPLORATION, MENTORSHIP AND INDUSTRY PARTNERSHIPS FOR YOUTH AND EDUCATORS. VOLUNTEERS FROM THE PRIVATE SECTOR PARTNER WITH SCHOOLS TO EXPOSE STUDENTS TO NEW CAREER PATHWAYS AND DEEPEN THEIR UNDERSTANDING OF THE FINANCIAL INDUSTRY AND OPPORTUNITIES. IIF PROVIDES INTERACTIVE CONTENT TO FACILITATE VOLUNTEERS' VIRTUAL OR IN-PERSON PRESENTATIONS, COMPLEMENT THE SMG, INSPIRE REAL-WORLD DISCUSSIONS, AND BUILD TEACHERS' INSIGHTS AND CONFIDENCE. MATERIALS AND SUPPORT ARE PROVIDED TO VOLUNTEERS TO MAXIMIZE THE IMPACT OF THEIR INVOLVEMENT.SMG INVEST QUESTA FULLY DIGITAL EXPERIENCE, SMG IQ, IS A 30-MINUTE ONLINE INVESTING SIMULATION THAT EMPHASIZES ASSET ALLOCATION, DIVERSIFICATION, AND LONG-TERM INVESTING. SMG IQ INCORPORATES FUNDAMENTAL DEFINITIONS AND CONCEPTS RELATED TO INVESTING, WHILE PRESENTING UNIQUE INVESTMENT CHOICES, HELPFUL TIPS, AND INDUSTRY NEWS TO CONSIDER THROUGH A FIVE-YEAR SPAN OF REAL MARKET ACTIVITY. IN ITS FIRST YEAR, 125,000 SMG IQ GAMES WERE COMPLETED

    Expenses $4,133,137 · Grants $21,468 · Revenue $351,330

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard J Daly

    EXECUTIVE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Lawrence Thomas

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Lisa Kidd Hunt

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Todd Diganci

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • James Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Bleier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Cella

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bryan Christian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Cooksey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Dawkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristen Kimmell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Kisber

    DIRECTOR (THRU 12/2024)

    Total calculated
    $0
    Hours/week
    1

  • Evan Lahuta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shareen Luze

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph E Sweeney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Theder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melanie Mortimer

    PRESIDENT, SECRETARY

    Total calculated
    $518,793
    From this org
    $452,596
    From related orgs
    $0
    Other
    $66,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $363,184
    Bonus
    $85,800
    Other
    $3,612
    Deferred
    $41,400
    Nontaxable benefits
    $24,797
    Filer's total
    $518,793

  • Elizabeth Reidel

    MANAGING DIRECTOR

    Total calculated
    $321,398
    From this org
    $233,333
    From related orgs
    $0
    Other
    $88,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,843
    Bonus
    $28,500
    Other
    $990
    Deferred
    $29,527
    Nontaxable benefits
    $58,538
    Filer's total
    $321,398

  • Michael Sherman

    VICE PRESIDENT

    Total calculated
    $249,419
    From this org
    $221,692
    From related orgs
    $0
    Other
    $27,727
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,854
    Bonus
    $13,000
    Other
    $2,838
    Deferred
    $26,263
    Nontaxable benefits
    $1,464
    Filer's total
    $249,419

  • Benjamin Sawyer

    CHIEF OPERATING OFFICER

    Total calculated
    $333,110
    From this org
    $278,804
    From related orgs
    $0
    Other
    $54,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,144
    Bonus
    $18,000
    Other
    $660
    Deferred
    $33,809
    Nontaxable benefits
    $20,497
    Filer's total
    $333,110

  • John Martin

    VICE PRESIDENT

    Total calculated
    $265,463
    From this org
    $215,851
    From related orgs
    $0
    Other
    $49,612
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,691
    Bonus
    $11,500
    Other
    $660
    Deferred
    $26,573
    Nontaxable benefits
    $23,039
    Filer's total
    $265,463

  • Allyson Goldhagen

    VICE PRESIDENT

    Total calculated
    $209,934
    From this org
    $185,456
    From related orgs
    $0
    Other
    $24,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,959
    Bonus
    $9,000
    Other
    $497
    Deferred
    $16,991
    Nontaxable benefits
    $7,487
    Filer's total
    $209,934

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7:
NON-FIXED PAYMENTS THE BONUS IS BASED ON PERFORMANCE WHICH IS EVALUATED DURING AN ANNUAL EMPLOYEE REVIEW PROCESS THAT IS REVIEWED AND APPROVED BY THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
14 September 2026
IRS schema version
2024v5.5
Source object
202622579349301757

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