Securities Industry Association in New York, New York (NY)

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Securities Industry Association
Employer Identification Number (EIN)132690354
Name of OrganizationSecurities Industry Association
Address120 Broadway Fl 35, New York, NY 10271-3599
ActivitiesAttracting new industry or retaining industry in an area
SubsectionBusiness League
Ruling Date12/1972
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period10/2006
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$43,985,817
Amount of Income$39,530,437
Form 990 Revenue Amount$39,530,437
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business


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Amount of income in 2006: $39,530,437
This organization: 

 $39,530,437
Other organizations performing similar types of work: 

 $1,135,572

Assets in 2006: $43,985,817
Securities Industry Association: 

 $43,985,817
Other organizations performing similar types of work: 

 $1,313,154

Expenses in 2005: $40,993,990
Securities Industry Association: 

 $40,993,990
Other organizations performing similar types of work: 

 $895,505

Income to expenses ratio in 2005: 1.0
Securities Industry Association: 

 1.0
Other organizations performing similar types of work: 

 1.1

Number of employees in 2005: 119
This organization: 

 119
Other organizations performing similar types of work: 

 7

Financial snapshot ($)

Revenue for 2005

Assets at end of 2005

Income-Producing Activities for 2005

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002200320042005
Total revenue$40,551,794$36,189,608$33,793,318$33,192,985$36,995,947$39,530,437
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0
Program service revenue including government fees and contracts$13,787,287$14,236,557$11,438,840$11,475,080$13,253,206$12,853,245
Membership dues and assessments$23,686,177$20,989,694$21,360,193$21,433,734$23,248,205$25,831,903
Interest on savings and temporary cash investments$1,171,849$431,881$230,573$156,573$361,384$634,105
Dividends and interest from securities$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0
Other revenue$1,906,481$531,476$763,712$127,598$133,152$211,184
Total expenses$35,714,683$34,833,651$33,758,743$36,753,200$39,240,495$40,993,990
Program services$0$0$0$0$0$0
Management and general$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$19,852,791$19,735,687$21,888,985$19,833,525$18,842,844$19,987,952
Excess or (deficit) for the year$4,837,111$1,355,957$34,575$-3,560,215$-2,244,548$-1,463,553
Net assets or fund balances at beginning of year$16,904,077$19,852,791$19,735,687$21,888,986$19,833,525$18,842,844
Other changes in net assets or fund balances$-1,888,397$-1,473,061$2,118,723$1,504,754$1,253,867$2,608,661
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$40,993,990$0$0$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$5,740,090$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$12,766,877$0$0$0
Pension plan contributions not included above$1,324,332$0$0$0
Employee benefits not included above$1,758,821$0$0$0
Payroll taxes$845,842$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$171,001$0$0$0
Legal fees$3,482,444$0$0$0
Supplies$738,377$0$0$0
Telephone$369,693$0$0$0
Postage and shipping$263,113$0$0$0
Occupancy$2,461,044$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$524,679$0$0$0
Travel$804,756$0$0$0
Conferences, conventions, and meetings$5,552,410$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$423,597$0$0$0
Other expenses not covered above$3,766,914$0$0$0
Balance Sheets
200020012002200320042005
Total assets$49,855,603$52,352,357$55,996,149$39,513,338$42,707,122$43,985,817
Cash - non-interest-bearing$9,464,936$6,087,952$4,180,825$1,965,364$4,757,795$4,238,742
Savings and temporary cash investments$12,098,942$4,993,055$4,935,186$3,752,480$4,534,433$4,198,590
Accounts receivable less allowance for doubtful accounts$1,112,857$588,339$682,184$550,790$580,335$1,010,300
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0
Prepaid expenses and deferred charges$1,658,179$1,757,784$4,184,609$4,248,844$4,006,757$5,885,508
Investments - publicly-traded securities
Investments - other securities$22,003,237$35,948,792$38,781,591$26,600,285$26,727,866$26,927,523
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$3,517,452$2,976,435$3,231,754$2,395,575$2,099,936$1,725,154
Other assets, including program-related investments$0$0$0$0$0$0
Total liabilities$30,002,812$32,616,670$34,107,163$19,679,813$23,864,278$23,997,865
Accounts payable and accrued expenses$13,152,367$5,223,633$4,794,357$4,989,029$7,200,814$6,898,598
Grants payable$0$0$0$0$0$0
Deferred revenue$16,646,361$19,707,549$20,427,540$4,557,666$3,364,418$3,961,753
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0
Other liabilities$204,084$7,685,488$8,885,266$10,133,118$13,299,046$13,137,514
Total liabilities and net assets/fund balances$49,855,603$52,352,357$55,996,149$39,513,338$42,707,122$43,985,817
Total net assets or fund balances$19,852,791$19,735,687$21,888,986$19,833,525$18,842,844$19,987,952
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002200320042005
Total revenue$40,551,794$36,189,609$33,793,318$33,192,985$36,995,947$39,530,437
Total revenue, gains, and other support per audited financial statements$43,796,005$39,307,710$35,239,337$34,107,000$37,026,978$39,568,270
Other expenses$3,244,211$3,118,101$1,446,054$914,015$31,031$37,833
Net unrealized gains on investments$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$3,244,211$3,118,101$1,446,054$914,015$31,031$37,833
Other revenue$0$0$35$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$35$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002200320042005
Total expenses$35,714,683$34,833,651$33,758,743$36,753,200$39,240,495$40,993,990
Total expenses and losses per audited financial statements$39,458,894$38,511,755$35,844,762$38,435,215$40,141,919$42,022,819
Other revenue$3,744,211$3,678,104$2,086,054$1,682,015$901,424$1,028,829
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$3,744,211$3,678,104$2,086,054$1,682,015$901,424$1,028,829
Other expenses$0$0$35$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$35$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings31
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$25,831,903
Section 162(e) lobbying and political expenditures$4,150,534
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$6,457,976
Taxable amount of lobbying and political expenditures$-2,307,442
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006119
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$192,112$12,752,434$26,585,891
Program service revenue
Program service revenue 1Advertising and related services$159,88700$0$575,029
Program service revenue 2000000$0Section 501(c)(3), (4), (5), or (6) organization - Qualified convention and trade show activity income (section 513(d)(3))$11,069,439$0
Program service revenue 3000000$0Royalty income excluded by section 512(b)(2)$1,048,890$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$25,831,903
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$634,105$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueAdvertising and related services$32,22500$0$178,959
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
199920002001200220032004
Total$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Nysa-Ila Container Royalty Fund77 Water Street 16th Floor, New York, NY 10005-4401NY1982-10$100,878,726
2International Council Of Shopping Centers Inc1221 Avenue Of The Americas Fl 41, New York, NY 10020-1099NY1960-01$68,437,779
3International Swaps And Derivatives Association Inc360 Madison Ave 16th Flr, New York, NY 10017-7111NY1986-02$62,503,133
4The Bond Market AssociationNew York, NY 10017NY$51,063,649
5Securities Industry Association120 Broadway Fl 35, New York, NY 10271-3599NY1972-12$39,530,437
6Motor Vehicle Accident Indemnification Corporation100 William St Fl 14, New York, NY 10038-5059NY1960-03$32,107,064
7American Association Of Advertising Agencies Inc1065 Avenue Of The Americas Fl 16, New York, NY 10018-0174NY1951-04$30,190,124
8Association Of National Advertisers Inc708 3rd Ave, New York, NY 10017-4201NY1942-08$28,390,176
9International Trademark Association Inc655 3rd Ave Fl 10, New York, NY 10017-5646NY1938-06$27,654,952
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18American College Of Nurse Midwives, Acnm Chapter Ii-101513 Campus Dr, Vestal, NY 13850-4036NY1999-03$0
19Metropolitan Airline Sales AssociationPO BOX 2876, New York, NY 10185-2876NY1999-08$0
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Number of organizations performing similar types of work
Alaska1
Alabama14
Arkansas10
Arizona14
California108
Colorado18
Connecticut12
District of Columbia78
Delaware7
Florida52
Georgia30
Hawaii5
Iowa18
Idaho2
Illinois80
Indiana24
Kansas12
Kentucky9
Louisiana15
Massachusetts29
Maryland25
Maine3
Michigan30
Minnesota26
Missouri27
Mississippi11
Montana5
North Carolina39
North Dakota1
Nebraska5
New Hampshire4
New Jersey25
New Mexico6
Nevada8
New York92
Ohio42
Oklahoma11
Oregon18
Pennsylvania48
Rhode Island4
South Carolina11
South Dakota9
Tennessee20
Texas75
Utah4
Virginia104
Vermont5
Washington26
Wisconsin21
West Virginia8
Wyoming3
International4
Total1,258
All affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralSecurities Industry Association120 Broadway Fl 35, New York, NY 10271-3599NY1972-12$39,530,437
SubordinateSecurities Industry Association, Sifma Southern S Central District120 Broadway Fl 35, New York, NY 10271-3599NY1972-12$27,587
SubordinateSecurities Industry Association, Mid Atlantic District120 Broadway Fl 35, New York, NY 10271-3599NY1972-12$18,373
SubordinateSecurities Industry Association, New York District120 Broadway Fl 35, New York, NY 10271-3599NY1972-12$5,279
SubordinateSecurities Industry Association, Western District120 Broadway Fl 35, New York, NY 10271-3599NY1972-12$1,004
SubordinateSecurities Industry Association, Sia Central States District120 Broadway Fl 35, New York, NY 10271-3599NY1972-12$407
SubordinateSecurities Industry Association, Pacific Northwest District120 Broadway Fl 35, New York, NY 10271-3599NY1972-12$249
SubordinateSecurities Industry Association, New England District120 Broadway Fl 35, New York, NY 10271-3599NY1972-12$0
Number of affiliated organizations
New York8
Total8

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