COMMITTEE ON CAPITAL MARKETS REGULATION INC C/O HAL S SCOTT

EIN: 300406260 501(c)(3) Education

CAMBRIDGE, MA

Total Revenue
$3,450,236
Total Expenses
$3,254,757
Total Assets
$5,720,835
Net Assets
$4,878,322
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
DE
Principal Officer
HAL S SCOTT
Phone
8572426747
Tax Period
2023-01-01 to 2023-12-31

COMMITTEE ON CAPITAL MARKETS REGULATION INC C/O HAL S SCOTT, founded in 2007, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 6% surplus.

Mission

THE SPECIFIC PURPOSES FOR WHICH THE CORPORATION IS FORMED INCLUDE: 1) EXPLORING A RANGE OF ISSUES RELATED TO MAINTAINING AND IMPROVING THE COMPETITIVENESS OF THE US CAPITAL MARKETS; 2) RECOMMENDING POLICY CHANGES THAT SHOULD BE MADE, (CONTINUED ON SCHEDULE O) OR AREAS OF RESEARCH THAT SHOULD BE PURSUED; 3) PRESERVING AND ENHANCING THE BALANCE BETWEEN EFFICIENT AND COMPETITIVE CAPITAL MARKETS AND SHAREHOLDER PROTECTION; AND 4) PURSUING OTHER SIMILAR AREAS OF STUDY AND DISCUSSION.

Program Service Accomplishments

Program 1
Expenses: $2,462,217 Revenue: $27,833

THE COMMITTEE ON CAPITAL MARKETS REGULATION, INC. IS AN INDEPENDENT AND NONPARTISAN RESEARCH ORGANIZATION DEDICATED TO IMPROVING THE REGULATION OF U.S. CAPITAL MARKETS. THE COMMITTEE'S RESEARCH...

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THE COMMITTEE ON CAPITAL MARKETS REGULATION, INC. IS AN INDEPENDENT AND NONPARTISAN RESEARCH ORGANIZATION DEDICATED TO IMPROVING THE REGULATION OF U.S. CAPITAL MARKETS. THE COMMITTEE'S RESEARCH PROVIDES POLICYMAKERS WITH A NONPARTISAN EMPIRICAL FOUNDATION FOR PUBLIC POLICY AS WELL AS EDUCATES THE PUBLIC ON THESE ISSUES. IN 2023, THE COMMITTEE RELEASED THREE MAJOR REPORTS: A COMPETITIVE ANALYSIS OF THE U.S. PRIVATE EQUITY FUND MARKET (APR. 2023), A COMPETITIVE ANALYSIS OF THE U.S. HEDGE FUND MARKET (MAY 2023), AND U.S. LISTING BY CHINESE COMPANIES, WHICH WAS RELEASED IN JANUARY 2023 BUT PREPARED IN 2022. THE EXPENSES ASSOCIATED WITH THESE REPORTS WERE LIKELY IN THE RANGE OF $750,000. THE COMMITTEE ALSO RELEASED FOUR STATEMENTS: (1) BASEL FINALIZATION AND U.S. BANK CAPITAL REQUIREMENTS (MAY 2023); (2) CRYPTOASSET TRADING PLATFORMS CANNOT REGISTER AS SECURITIES EXCHANGES (JUNE 2023); (3) BASEL III ECONOMIC ANALYSIS AND PUBLIC COMMENT PERIOD (DEC. 2023); AND (4) AN OVERVIEW OF THE TREASURY BASIS TRADE (DEC. 2023). IN ADDITION TO ITS MAJOR REPORTS AND STATEMENTS, THE COMMITTEE UPDATED ITS ANNUAL ANALYSIS MONETARY SANCTIONS IMPOSED BY U.S. ENFORCEMENT AGENCIES, SUBMITTED SIX COMMENT LETTERS TO THE SEC, AND SUBMITTED THREE COMMENT LETTERS TO OTHER AGENCIES: ONE TO THE FINANCIAL STABILITY OVERSIGHT COUNCIL ("FSOC"), ANOTHER TO THE PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD ("PCAOB") AND A THIRD, JOINTLY, TO THE DEPARMENT OF JUSTICE ("DOJ") AND FEDERAL TRADE COMMISSION ("FTC").

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,281,783
Program Service Revenue $27,833
Investment Income $86,817
Other Revenue $53,803
TOTAL REVENUE $3,450,236

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,279,984
Fundraising Expenses $291,953
Program Expenses $2,462,217
Other Expenses $974,773
TOTAL EXPENSES $3,254,757

Year-over-Year Comparison

2023 2022 Change
Revenue $3,450,236 $3,152,127 +0.1%
Expenses $3,254,757 $2,840,931 +0.1%
Net Income $195,479 $311,196 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
13
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$884,680
Total Directors
5
$694,000
Key Employees
1
$449,762
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAL S SCOTT PRESIDENT/DIRECTOR 30.00
Officer Director
$675,000 $19,000 $694,000
ROBERT GLENN HUBBARD CO-CHAIR/DIRECTOR 0.50
Officer Director
$0 $0 $0
JOHN L THORNTON CO-CHAIR/DIRECTOR 0.50
Officer Director
$0 $0 $0
LESLIE N SILVERMAN DIRECTOR 0.50
Director
$0 $0 $0
BARBARA G NOVICK DIRECTOR 0.50
Director
$0 $0 $0
JACQUELINE MCCABE VP/SECRETARY 20.00
Officer
$77,000 $2,310 $79,310
CRISTINA LEONE TREASURER/CFO 25.00
Officer
$102,641 $8,729 $111,370
JOHN A GULLIVER EXECUTIVE DIRECTOR 30.00
Key Emp
$430,182 $19,580 $449,762
JON ONDREJKO SR. RESEARCH FELLOW 50.00
Highest
$127,626 $9,479 $137,105
ANDREW BEATTY SR. RESEARCH FELLOW 50.00
Highest
$205,399 $11,812 $217,211
CONNOR KORTJE SR. RESEARCH FELLOW 50.00
Highest
$202,462 $11,724 $214,186
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,450,236 $3,254,757 $5,720,835 $195,479
2022 $3,152,127 $2,840,931 $5,567,505 $311,196
2021 $2,780,103 $2,564,347 $4,672,372 $215,756
2020 $2,610,095 $2,159,480 $3,894,911 $450,615
2019 $2,613,535 $2,405,606 $3,418,412 $207,929
2018 $2,283,605 $2,173,508 $3,129,828 $110,097
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