Totals
- Total revenue
- $359,453,521
- Total expenses
- $214,216,775
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $359,430,950
- Investment income
- $22,571
- Other revenue
- $0
- Total assets, end of year
- $330,989,283
- Total liabilities, end of year
- $815,273,357
- Net assets or fund balances, end of year
- -$484,284,074
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: HISTORICAL FEES
total $197,564,011 · related or exempt $197,564,011
-
2b · Program service revenue: PROSPECTIVE FEES
total $161,247,169 · related or exempt $161,247,169
-
2c · Program service revenue: PARTICIPANT FEES
total $589,232 · related or exempt $589,232
-
2d · Program service revenue: LATE FEES
total $30,538 · related or exempt $30,538
-
3 · Investment income
total $22,571 · excluded $22,571
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $7,746,823
-
11c · Fees: accounting
total $98,930
-
11g · Fees: other
total $843,150
-
14 · Information technology
total $184,459,715
-
22 · Depreciation, depletion and amortization
total $17,818,978
-
23 · Insurance
total $1,565,062
-
24a · Other expenses: CONSULTING
total $1,614,098
-
24b · Other expenses: PUBLIC RELATIONS
total $70,019
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $170,169 · end of year $27,276,362
-
4 · Accounts receivable
beginning of year $0 · end of year $284,543,947
-
9 · Prepaid expenses and deferred charges
beginning of year $947,549 · end of year $941,799
-
14 · Intangible assets
beginning of year $29,601,272 · end of year $18,227,175
-
17 · Accounts payable and accrued expenses
beginning of year $28,493,474 · end of year $31,030,211
-
23 · Secured mortgages and notes payable
beginning of year $631,746,336 · end of year $772,351,177
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $11,891,969
-
27 · Net assets without donor restrictions
beginning of year -$629,520,820 · end of year -$484,284,074
Mission and programs · 2024
Mission
EFFECTIVE OCTOBER 1, 2012, THE SECURITIES AND EXCHANGE COMMISSION ("SEC") ADOPTED RULE 613 UNDER THE SECURITIES EXCHANGE ACT OF 1934 ("RULE 613") TO CREATE A CONSOLIDATED AUDIT TRAIL (THE "CAT SYSTEM") THAT WOULD ALLOW REGULATORS TO EFFICIENTLY AND ACCURATELY TRACK ALL ACTIVITY THROUGHOUT THE U.S. MARKETS IN NATIONAL MARKET SYSTEM ("NMS") SECURITIES. AMONG OTHER THINGS, THE RULE REQUIRED THE NATIONAL SECURITIES EXCHANGES AND THE FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA"), COLLECTIVELY THE SELF-REGULATORY ORGANIZATIONS, ("SROS OR "MEMBERS") TO JOINTLY SUBMIT A PLAN, CALLED AN NMS PLAN, TO CREATE, IMPLEMENT AND MAINTAIN A CONSOLIDATED AUDIT TRAIL OF THE NMS ACTIVITY. RULE 613 SPECIFIES THE TYPE OF DATA TO BE COLLECTED AND WHEN THE DATA IS TO BE REPORTED TO A CENTRAL REPOSITORY. THE ORGANIZATION'S PRINCIPAL PURPOSE IS TO CREATE, IMPLEMENT AND MAINTAIN A CONSOLIDATED AUDIT TRAIL PURSUANT TO RULE 613.
Activities or mission (Part I)
SEE DESCRIPTION REPORTED ON SCHEDULE O.
-
DEVELOPMENT OF SOFTWARE. AS OF 01/15/2024, COMPLETION OF HISTORICAL DATA LOAD AND DATA FIXES IN PRODUCTION ENVIRONMENT.
-
DEVELOPMENT OF SOFTWARE. AS OF 02/15/2024, COMPLETION OF REINSTATE IM VALIDATIONS.
-
DEVELOPMENT OF SOFTWARE. AS OF 03/15/2024, COMPLETION OF TRANSITION OF THE IM AND REGULATOR PORTALS TO FINRA CAT ENVIRONMENT.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Edward DeitzelEDWARD DEITZEL
OPERATING COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Bruce GoodhueBRUCE GOODHUE
OPERATING COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Jeff ConnellJEFF CONNELL
OPERATING COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
John RamsayJOHN RAMSAY
OPERATING COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Cindy RettererCINDY RETTERER
OPERATING COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Anders FranzonANDERS FRANZON
OPERATING COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Alanna BartonALANNA BARTON
OPERATING COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Alex EllenbergALEX ELLENBERG
OPERATING COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Jaime KlimaJAIME KLIMA
OPERATING COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
David YaconoDAVID YACONO
CHIEF INFORMATION SECURITY
- Total calculated
- $520,250
- From this org
- $471,284
- From related orgs
- $0
- Other
- $48,966
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $298,110
- Bonus
- $165,000
- Other
- $8,174
- Deferred
- $4,234
- Nontaxable benefits
- $44,732
- Filer's total
- $520,250
-
A Duer MeehanA DUER MEEHAN
CHIEF COMPLIANCE OFFICER
- Total calculated
- $766,502
- From this org
- $617,612
- From related orgs
- $0
- Other
- $148,890
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $355,320
- Bonus
- $235,000
- Other
- $27,292
- Deferred
- $103,442
- Nontaxable benefits
- $45,448
- Filer's total
- $766,502
-
Brandon BeckerBRANDON BECKER
CHAIR, OPERATING COMMITTEE
- Total calculated
- $134,984
- From this org
- $134,984
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- FORM 990, SCHEDULE J, PART I, LINE 4B:
- A. DUER MEEHAN PARTICIPATES IN THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, WHICH IS A NONQUALIFIED DEFINED CONTRIBUTION PLAN, ADMINISTERED BY FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC., THE PARENT ORGANIZATION OF FINRA CAT. THE PLAN HAS A 3 YEAR VESTING CYCLE WITH ANNUAL VESTING BEGINNING AT AGE 62.
- FORM 990, SCHEDULE J, PART II, LINES 1 - 2:
- EMPLOYMENT COMPENSATION FOR THE CHIEF INFORMATION SECURITY OFFICER AND THE CHIEF COMPLIANCE OFFICER REPORTED IN THIS RETURN WAS PAID BY AN UNRELATED ORGANIZATION, FINRA CAT, LLC, FOR SERVICES RENDERED TO CONSOLIDATED AUDIT TRAIL, LLC.
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
- 2024
- Filed
- 5 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543109349300904
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