SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC

EIN: 521087193 501(c)(3) Social Science

NEW YORK, NY

Total Revenue
$4,626,807
Total Expenses
$5,132,214
Total Assets
$11,081,937
Net Assets
$10,338,276
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
DE
Principal Officer
MELANIE MORTIMER
Phone
2123131371
Tax Period
2023-11-01 to 2024-10-31

SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC, founded in 1976, is a community nonprofit in the Social Science sector that reported $4.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $5.1M exceeded revenue, resulting in a 11% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $4,316,156 Revenue: $386,750

THE STOCK MARKET GAME (TM)THE STOCK MARKET GAME (TM), IS AN ONLINE SIMULATION OF THE GLOBAL CAPITAL MARKETS THAT ENGAGES STUDENTS GRADES 4-12 IN THE WORLD OF ECONOMICS, INVESTING AND PERSONAL...

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THE STOCK MARKET GAME (TM)THE STOCK MARKET GAME (TM), IS AN ONLINE SIMULATION OF THE GLOBAL CAPITAL MARKETS THAT ENGAGES STUDENTS GRADES 4-12 IN THE WORLD OF ECONOMICS, INVESTING AND PERSONAL FINANCE, AND PREPARES THEM FOR FINANCIAL INDEPENDENT FUTURES. MORE THAN 600,000 YOUTH TAKE PART EVERY YEAR ACROSS ALL 50 STATES. THE STOCK MARKET GAME HAS REACHED MORE THAN 23 MILLION YOUTH SINCE ITS INCEPTION IN 1977.INVESTWRITE (R)THE SIFMA FOUNDATION'S INVESTWRITE (TM) NATIONAL ESSAY IS A CULMUNATING ACTIVITY FOR THE STOCK MARKET GAME STUDENTS, EXTENDING WHAT THEY HAVE LEARNED IN SMG BY CHALLENGING THEM TO ANALYZE, THINK CRTICALLY AND PROBLEM SOLVE. STUDENTS ADDRESS REAL WORLD FINANCIAL ISSUES AND SITUATIONS BY ANSWERING A QUESTION ABOUT LONG-TERM SAVING AND INVESTING. A NEW THEME AND QUESTION ARE POSED EACH YEAR. SINCE THE PROGRAM BEGAN IN 2004 NEARLY 270,000 ESSAYS HAVE BEEN WRITTEN IN CLASSROOMS ACROSS THE COUNTRY AND NEARLY 55,000 VOLUNTEERS HAVE SERVED AS JUDGES IN THE WRITING COMPETITION.CAPITOL HILL CHALLENGE (TM)THE SIFMA FOUNDATION'S ANNUAL CAPITOL HILL CHALLENGE (TM) (CHC), PRESENTED BY THE CHARLES SCHWAB FOUNDATION, IS AN EXCITING NATIONAL FINANCIAL EDUCATION COMPETITION FOR JUNIOR HIGH AND HIGH SCHOOLS THAT REACHES ALL 50 U.S. STATES AND THEIR MEMBERS OF CONGRESS. CHC MATCHES MEMBERS OF CONGRESS WITH STUDENTS, TEACHERS, AND SCHOOLS COMPETING IN THE STOCK MARKET GAME (TM) IN THEIR RESPECTIVE DISTRICT OR STATE. STUDENT TEAMS MANAGE A HYPOTHETICAL $100,000 ONLINE PORTFOLIO AND INVEST IN REAL STOCKS, BONDS, AND MUTUAL FUNDS. SINCE ITS INCEPTION IN 2004, CHC HAS MADE 8,000 MATCHES OF U.S. REPRESENTATIVES AND SENATORS WITH SCHOOLS, ENCOMPASSING MORE THAN 175,000 STUDENTS ACROSS THE COUNTRY.INVEST IT FORWARD (R)INVEST IT FORWARD (TM) IS AN AWARD-WINNING INDUSTRY-WIDE FINANCIALEDUCATION AND CAPITAL MARKETS LITERACY CAMPAIGN CONVENING HUNDREDS OFFINANCIAL FIRMS THAT ARE COMMITTED TO GIVING YOUNG AMERICANS A SOLID UNDERSTANDING OF THE CAPITAL MARKETS SYSTEM AND THE INVALUABLE TOOLS TO ACHIEVE THEIR DREAMS. INVEST IT FORWARD TAPS THE TIME AND TALENT OF INDUSTRY PROFESSIONALS AS VOLUNTEERS TO HELP YOUNG PEOPLE UNDERSTAND HOW TO HARNESS THE CAPITAL MARKETS FOR THEIR OWN BENEFIT AND REALIZE THEIR DREAMS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,911,991
Program Service Revenue $386,750
Investment Income $328,066
Other Revenue $0
TOTAL REVENUE $4,626,807

Expense Breakdown

Grants Paid $16,250
Salaries & Benefits $3,206,013
Fundraising Expenses $250,315
Program Expenses $4,316,156
Other Expenses $1,909,951
TOTAL EXPENSES $5,132,214

Year-over-Year Comparison

2023 2022 Change
Revenue $4,626,807 $5,227,293 -0.1%
Expenses $5,132,214 $5,350,848 0.0%
Net Income $-505,407 $-123,555 +3.1%
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
18
Independent Members
18
Employees
15
Volunteers
15607

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
$498,163
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD J DALY CHAIR 2.00
Officer Director
$0 $0 $0
LAWRENCE THOMAS VICE-CHAIR 2.00
Officer Director
$0 $0 $0
LISA KIDD HUNT VICE-CHAIR 2.00
Officer Director
$0 $0 $0
TODD DIGANCI TREASURER 1.50
Officer Director
$0 $0 $0
JAMES ALLEN DIRECTOR 1.00
Director
$0 $0 $0
JAMES ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
LISA BLEIER DIRECTOR 1.00
Director
$0 $0 $0
KENNETH CELLA DIRECTOR 1.00
Director
$0 $0 $0
BRYAN CHRISTIAN DIRECTOR 1.00
Director
$0 $0 $0
VANESSA COOKSEY DIRECTOR 1.00
Director
$0 $0 $0
DAVID DAWKINS DIRECTOR 1.00
Director
$0 $0 $0
VLAD KHANDROS DIRECTOR 1.00
Director
$0 $0 $0
KRISTEN KIMMELL DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL KISBER DIRECTOR 1.00
Director
$0 $0 $0
EVAN LAHUTA DIRECTOR 1.00
Director
$0 $0 $0
SHAREEN LUZE DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH E SWEENEY DIRECTOR 1.00
Director
$0 $0 $0
SUSAN THEDER DIRECTOR 1.00
Director
$0 $0 $0
MELANIE MORTIMER PRESIDENT, SECRETARY 40.00
Officer
$437,134 $61,029 $498,163
ELIZABETH REIDEL MANAGING DIRECTOR 40.00
Highest
$225,960 $80,711 $306,671
MICHAEL SHERMAN DIRECTOR 40.00
Highest
$216,671 $16,921 $233,592
BENJAMIN SAWYER CHIEF OPERATING OFFICER 40.00
Highest
$270,479 $44,519 $314,998
JOHN MARTIN VICE PRESIDENT 40.00
Highest
$210,082 $36,882 $246,964
ALLYSON GOLDHAGEN VICE PRESIDENT 40.00
Highest
$183,196 $8,009 $191,205
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 $4,626,807 $5,132,214 $11,081,937 $-505,407
2023 $5,227,293 $5,350,848 $10,295,181 $-123,555
2022 $3,830,938 $4,143,746 $10,117,880 $-312,808
2021 $3,648,885 $4,000,644 $11,930,027 $-351,759
2020 $4,561,649 $3,843,762 $10,781,139 $717,887
2019 $3,320,637 $3,791,745 $9,794,038 $-471,108
2018 $4,222,765 $3,616,547 $9,721,094 $606,218
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