Totals
- Total revenue
- $892,000
- Total expenses
- $885,590
- Contributions and grants received
- $892,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,032,506
- Total liabilities, end of year
- $7,200
- Net assets or fund balances, end of year
- $1,025,306
- Program services expenses (Part IX)
- $885,590
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $885,590
Program services were 100.0% 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.
-
1b · Membership dues
$892,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $530,000 · program services $530,000
-
7 · Other salaries and wages
total $3,051 · program services $3,051
-
8 · Pension plan contributions
total $4,000 · program services $4,000
-
9 · Other employee benefits
total $41,754 · program services $41,754
-
10 · Payroll taxes
total $20,293 · program services $20,293
-
11c · Fees: accounting
total $10,775 · program services $10,775
-
11g · Fees: other
total $211,870 · program services $211,870
-
13 · Office expenses
total $103 · program services $103
-
17 · Travel
total $11,565 · program services $11,565
-
23 · Insurance
total $5,770 · program services $5,770
-
24a · Other expenses: SUBSCRIPTIONS
total $14,742 · program services $14,742
-
24b · Other expenses: DUES
total $11,635 · program services $11,635
-
24c · Other expenses: OFFICE EXPENSE
total $9,686 · program services $9,686
-
24d · Other expenses: MEALS
total $4,259 · program services $4,259
-
24e · All other expenses
total $6,087 · program services $6,087
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $802,253 · end of year $798,506
-
4 · Accounts receivable
beginning of year $220,000 · end of year $232,000
-
9 · Prepaid expenses and deferred charges
beginning of year $10,643
-
15 · Other assets
beginning of year $2,000 · end of year $2,000
-
17 · Accounts payable and accrued expenses
beginning of year $16,000 · end of year $7,200
-
27 · Net assets without donor restrictions
beginning of year $1,018,896 · end of year $1,025,306
Mission and programs · 2022
Mission
THE ORGANIZATION IS FOCUSED ON DEMONSTRATING THE BENEFITS OF ALGORITHMIC OR QUANTITATIVE TRADING, OFTEN REFERRED TO AS HIGH-FREQUENCY TRADING, IN TODAY'S MODERN MARKETS.
Activities or mission (Part I)
TO DEMONSTRATE THE BENEFITS OF ALGORITHMIC OR QUANTITATIVE TRADING IN TODAY'S MODERN MARKETS.
-
THE ORGANIZATION SUCCESSFULLY ESTABLISHED RELATIONSHIPS WITH KEY INFLUENCERS IN MEDIA, INDUSTRY AND REGULATORY, AND LEGISLATIVE CIRCLES. IT PLAYED A PIVOTAL ROLE IN PROMOTING AND DISTRIBUTING INFORMATIONAL MATERIAL, DRAFTING OP-EDS, STUDIES, AND REPORTS ON MARKET STRUCTURE, TECHNOLOGY INNOVATION, AND ROLE OF HFT IN THE SAVINGS COMMUNITY. MMI LEADERS SPOKE AT INDUSTRY EVENTS, ADVISORY BOARD EVENTS, AND DIRECTLY WITH THE SAVINGS COMMUNITY, PENSION FUNDS, OTHER TRADE ASSOCIATIONS, INSTITUTIONAL INVESTORS, AND NONPROFITS. IT ADDED CONTENT TO ITS WEBSITE AND PROMOTED IT THROUGH VARIOUS SOCIAL MEDIA CHANNELS SUCH AS LINKEDIN AND TWITTER.
Expenses $885,590
As filed on the 2022 return.
Listed in Part VII
-
Ari RubensteinARI RUBENSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Adam NunesADAM NUNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Ken WilsonKEN WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Johannah LaddJOHANNAH LADD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Kirsten WegnerKIRSTEN WEGNER
CEO
- Total calculated
- $571,754
- From this org
- $530,000
- From related orgs
- $0
- Other
- $41,754
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $380,000
- Bonus
- $150,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $41,754
- Filer's total
- $571,754
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 · Approval by the board or compensation committee
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343179349304509
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