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Nonprofiteer
← FINRA INVESTOR EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by FINRA INVESTOR EDUCATION FOUNDATION.

Totals

Total revenue
$9,847,894
Total expenses
$4,246,470
Contributions and grants received
$5,860,131
Grants paid
$557,298
Program services expenses (Part IX)
$4,066,353
Management and general expenses
$180,117
Fundraising expenses
$0
Program service expenses (Part III)
$4,066,353

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • John W Thiel

    Board Member

    Total calculated
    $40,000
    From this org
    $0
    From related orgs
    $40,000
    Other
    $0
    Hours/week
    1 + 2 related

  • Laura Fisher

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mari J Buechner

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • MENEKSE GENCER

    BOARD MEMBER - AS OF 4/12

    Total calculated
    $0
    Hours/week
    1

  • PEGGY HO

    BOARD MEMBER - AS OF 5/24

    Total calculated
    $100,687
    From this org
    $0
    From related orgs
    $100,687
    Other
    $0
    Hours/week
    1 + 2 related

  • Robert W Cook

    Chairman

    Total calculated
    $4,276,717
    From this org
    $0
    From related orgs
    $4,062,829
    Other
    $213,888
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $977,146 related
    Bonus
    $0 + $2,150,000 related
    Other
    $0 + $935,683 related
    Deferred
    $0 + $206,317 related
    Nontaxable benefits
    $0 + $7,571 related
    Filer's total
    $0 + $4,276,717 related

  • Eileen M Famiglietti

    Treasurer

    Total calculated
    $542,606
    From this org
    $0
    From related orgs
    $468,407
    Other
    $74,199
    Hours/week
    6 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $307,282 related
    Bonus
    $0 + $155,000 related
    Other
    $0 + $6,125 related
    Deferred
    $0 + $34,425 related
    Nontaxable benefits
    $0 + $39,774 related
    Filer's total
    $0 + $542,606 related

  • Geraldine M Walsh

    President

    Total calculated
    $786,963
    From this org
    $0
    From related orgs
    $735,700
    Other
    $51,263
    Hours/week
    48 + 12 related

    Schedule J breakdown matched by us

    Base
    $0 + $347,280 related
    Bonus
    $0 + $202,500 related
    Other
    $0 + $185,920 related
    Deferred
    $0 + $39,650 related
    Nontaxable benefits
    $0 + $11,613 related
    Filer's total
    $0 + $786,963 related

  • Jennifer P Mitchell

    Corporate Secretary

    Total calculated
    $536,936
    From this org
    $0
    From related orgs
    $461,509
    Other
    $75,427
    Hours/week
    3 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,649 related
    Bonus
    $0 + $187,500 related
    Other
    $0 + $9,360 related
    Deferred
    $0 + $32,645 related
    Nontaxable benefits
    $0 + $42,782 related
    Filer's total
    $0 + $536,936 related

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 — 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
FINRA'S SUPPLEMENTAL DEFINED CONTRIBUTION PLAN IS A NON-QUALIFIED PLAN THAT IS OPEN TO VICE PRESIDENTS AND ABOVE WITH AN ANNUAL BASE PAY ABOVE THE QUALIFIED LIMIT. IT IS ONLY OPEN TO THOSE NOT PARTICIPATING IN THE CLOSED NON-QUALIFIED DEFINED BENEFIT PLAN. IT IS A FINRA-FUNDED PLAN WITH A THREE YEAR VESTING CYCLE WITH ANNUAL VESTING BEGINNING AT AGE 62. PARTICIPANTS IN THE SUPPLEMENTAL NON-QUALIFIED DEFINED CONTRIBUTION PLAN WHO HAD A VESTING EVENT OR RECEIVED A PAYOUT DURING TAX YEAR 2022: Robert W. Cook $902,182 (vesting) Geraldine A. Walsh - $158,528 (vesting)
Schedule J, Part I, Line 3
THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. ALL SERVICES ARE PROVIDED BY EMPLOYEES OF FINRA OR ITS SUBSIDIARIES. THE FOUNDATION DOES NOT COMPENSATE THESE EMPLOYEES FOR THEIR SERVICES. Line 3) COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR IS ESTABLISHED AT AND PAID BY THE PARENT ORGANIZATION, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. FOR FURTHER DETAILS REGARDING COMPENSATION OF OFFICERS, PLEASE REFER TO THE 2022 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX - FORM 990 OF THE FOUNDATION'S PARENT ORGANIZATION, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC.

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

  • The Board of Trustees of the Leland Stanford Junior University

    $57,143

    To study household financial resilience in the United States from the Great Recession to the onset of the COVID-19 pandemic (2008 to 2020) and to examine factors affecting financial stability, especially among financially vulnerable groups.

  • University of Puerto Rico

    $28,208

    To undertake research about the financial capability of Hispanic people in the United States, both as a single cohort and disaggregated by heritage.

  • Kenosha Public Library

    $25,000

    To expand financial education and financial coaching in low-income and underserved communities, focusing especially on topics such as banking, credit, budgeting, and managing debt.

  • Clayton Collaborative Authority

    $25,000

    To enable the Clayton County Library System to leverage interest in the region's well-established film industry to engage youth, adults, and entrepreneurs in a variety of activity-based financial education experiences, thereby integrating financial education and workforce development.

  • Sara Hightower Regional Library

    $25,000

    To partner with the University of West Georgia's Center for Economic Education and Financial Literacy to deliver customized financial education for adults and teens in collaboration with existing social service initiatives maintained by local nonprofits and government agencies.

  • Orange County Library System

    $24,965

    To collaborate with the University of Central Florida to help English language learners acquire essential personal finance skills and knowledge through instruction that engages participants in a variety of listening, speaking, writing, and practice exercises that make unfamiliar financial concepts as concrete as possible.

  • Research Foundation of the City University of New York

    $24,819

    To support LaGuardia Community College Library's efforts to provide financial and investor education to college students and the wider community using Open Educational Resources in multiple languages, thereby empowering underserved groups to make informed financial choices.

  • EBRI Education and Research Fund

    $23,748

    To research how out-of-pocket healthcare spending is trending in the United States and to examine the degree to which the rising costs that patients face are a manifestation of changes to health insurance plan design, increasing overall healthcare costs, or other factors.

  • Buffalo & Erie County Public Library

    $22,798

    To provide and coordinate basic financial education for lower-income families, immigrant and refugee populations, and recently incarcerated individuals who are reintegrating into society and the local economy.

  • Barry County United Way

    $20,000

    To advance sustainable workplace financial wellness services and education for lower-income employees.

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349316522

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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