irs program accomplishments · form 990 part iii · fy2023
What they reported doing
- #1 primary $0SEE SCHEDULE O
- #2 $0SEE SCHEDULE O
named programs · 1 · from sources
What they call their work
SIFMA Insight Market Metrics and Trends
Research report analyzing market fundamentals including revenues, earnings, and profit margins across sectors to inform industry understanding of market strength and valuation.
activities · 6 groups
What they do
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Industry Advocacy and Regulatory Engagement 1 activity
- Advocacy for capital markets policy and regulationRepresents member firms in advocacy before regulators and policymakers, including the SEC, on issues such as the Consolidated Audit Trail (CAT), data privacy, sanctions frameworks, and holiday trading schedules. Submits comment letters, provides testimony, and promotes federal preemptive privacy standards and cost-effective regulatory implementation.
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Financial Literacy Education Programs 1 activity
- Financial education programs for youth and familiesDelivers financial literacy education to youth, teachers, and families through interactive online investing simulations, standards-based curriculum, and digital tools like Family InvestQuest™. Has served over 24 million individuals since 1977, including 750,000 youth annually.
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Volunteer Fire Department Services 1 activity
- Industry-wide business continuity and cybersecurity testingLeads annual business continuity tests each October, involving approximately 1,100 communications connections across securities firms, banks, and exchanges, with 98% success rate in test transactions. Also conducts Quantum Dawn cybersecurity exercises to simulate systemic incidents and improve response coordination among financial institutions and government partners.
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Professional Membership and Association Benefits 1 activity
- Member support services and educational accessProvides members with discounted access to educational programs, conferences, seminars, and tuition to the Securities Industry Institute® at Wharton. Offers free legal opinions and discounted SIPC materials through the SIFMA Store.
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Teacher Professional Development 1 activity
- Professional development and capacity building for educators and member firmsProvides teacher training, mentorship, classroom visits, and standardized resources to support financial education delivery. Also offers crisis simulations, emergency preparedness training, and industry guides on cybersecurity and market procedures to strengthen member capabilities.
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Economic and Financial Research 1 activity
- Research and economic forecasting for capital marketsConducts and publishes semiannual U.S. Economic Surveys in collaboration with chief economists from over 30 financial institutions. Produces authoritative reports, data, and forecasts on capital markets, investor exposure, and regulatory impacts to inform advocacy and industry practices.
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financials · form 990 · fy2023
revenue
Total revenue$61.78M
Contributions & grants$00%
Program service revenue$58.38M94%
Investment income$2.62M4%
Other revenue$783K
expenses
Total expenses$62.26M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$40.03M
Grants paid out$181K
Largest expense lineCompensation
balance sheet
Total assets$80.89M
Cash$17.78M
Investments$33.06M
Liabilities$49.65M
Net assets$31.24M
Liquid reserves9.8 mo
5 years on record · 2019–2023 · YoY revenue +2.5%
leadership · form 990 part vii · fy2023
Who runs it
paid leadership · 13
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| KENNETH E BENTSEN JR | PRESIDENT & CEO | 40 | $2.88M |
| JOSEPH SEIDEL | COO | 40 | $1.43M |
| SAIMA AHMED | EVP & GEN. COUNSEL | 40 | $1.00M |
| DAVID B KRASNER | CFO & CAO | 40 | $857K |
| JOSH WILSUSSEN | EXECUTIVE VICE PRESIDENT | 40 | $837K |
| CHERYL L CRISPEN | EXECUTIVE VICE PRESIDENT | 40 | $738K |
| ROBERT TOOMEY | MANAGING DIRECTOR | 40 | $686K |
| LINDSEY KELJO | MANAGING DIRECTOR | 40 | $666K |
| LISA BLEIER | MANAGING DIRECTOR | 40 | $648K |
| CARTER K MCDOWELL | MANAGING DIRECTOR | 40 | $600K |
| KEVIN CARROLL | MANAGING DIRECTOR | 40 | $592K |
| SALVATORE CHIARELLI | EXECUTIVE VICE PRESIDENT | 40 | $538K |
| IRA D HAMMERMAN - FORMER | EVP & GENERAL COUNSEL | 0 | $172K |
board members · 12
- ALTHEA BROWN — DIRECTOR (AS OF 04/2024)
- ANDY SAPERSTEIN — DIRECTOR (THRU 01/2024)
- ANN FOGARTY — DIRECTOR (AS OF 11/2023)
- BRENDAN REILLY — DIRECTOR
- BRENT GLEDHILL — DIRECTOR (AS OF 11/2023)
- CHANCE MIMS — DIRECTOR (AS OF 11/2023)
- CHARLOTTE MCLAUGHLIN — DIRECTOR (THRU 11/2023)
- CLAIRE SANTANIELLO — DIRECTOR
- CRAIG MESSINGER — DIRECTOR
- DAVID LEFKOWITZ — DIRECTOR
- DOUGLAS PREISER — DIRECTOR
- GARY HALL — DIRECTOR
relationships · 32
Who they work with
- Asia Securities Industry and Financial Markets Association Coalition — Regional affiliate representing shared financial industry interests in Asia.
- Asset Managers Network — Member organizations represented by SIFMA in advocacy and policy efforts
- Association for Financial Markets in Europe Coalition — Partner organization in a global network advocating for capital markets.
- Broker-Dealers Network — Member organizations represented by SIFMA in advocacy and policy efforts
- CAT LLC Partner — Monitored and responded to amendments filed by CAT LLC regarding customer data collection and operating costs.
- Department of Homeland Security Government — Coordinates with DHS during industry-wide incidents to support crisis management and decision-making.
- EY Partner — Co-authored the US Treasury Central Clearing - Industry Considerations Report.
- Federal Deposit Insurance Corporation Government — Collaborates with federal banking agencies on coordinated approach for handling highly sensitive information during examinations.
- Federal Reserve Government — Collaborates with federal banking agencies on coordinated approach for handling highly sensitive information during examinations.
- Federal Reserve Government — Conducts economic survey following Federal Open Market Committee meetings
- Financial Data Exchange (FDX) Partner — SIFMA is a founding member of FDX, collaborating to develop technical standards for secure financial data aggregation.
- Financial Industry Regulatory Authority Government — Works with FINRA on regulatory guidance for Trump Accounts, including exemptions from Rule 3210.
- Financial Services Sector Coordinating Council Partner — Co-developed the Reconnection Framework with FSSCC to support technical reconnection and broader resilience planning.
- Futures Industry Association Partner — Collaborates with FIA to coordinate the annual Industry-Wide Business Continuity Test.
- Futures Industry Association Partner — Collaborates with FIA, which leads the futures test component on the same day as the SIFMA industry test.
- Global Financial Markets Association Coalition — Collaborates with GFMA to advance consistent operational resilience standards across jurisdictions.
- Global Financial Markets Association Coalition — Member of a global coalition representing financial and capital market participants.
- Investment Banks Network — Member organizations represented by SIFMA in advocacy and policy efforts
- Investment Industry Regulatory Organization of Canada Partner — Collaborates with IIROC in alternate years to coordinate the Industry-Wide Business Continuity Test.
- Learning Point Associates Partner — Partnered with the SIFMA Foundation to conduct an independent study on the impact of The Stock Market Game program.
- Morgan Lewis Partner — Co-hosts a member briefing on Trump Accounts & IRAs with a partner from Morgan Lewis.
- New York City Office of Emergency Management Government — Coordinates with NYC OEM during industry-wide incidents to support crisis management and decision-making.
- Office of Foreign Assets Control Government — Collaborates with OFAC to improve the effectiveness and implementation of U.S. capital markets sanctions.
- Office of the Comptroller of the Currency Government — Collaborates with federal banking agencies on coordinated approach for handling highly sensitive information during examinations.
- SIFMA Foundation Network — Collaborates with the SIFMA Foundation to support financial literacy programs.
- U.S. Department of Labor Government — Engages with the U.S. Department of Labor regarding ERISA treatment of employer contributions to Trump Accounts.
- U.S. Department of the Treasury Government — Collaborates with the U.S. Department of the Treasury on regulatory developments related to Trump Accounts.
- U.S. Department of the Treasury Government — Coordinates with the Department of the Treasury during industry-wide incidents to support crisis management and decision-making.
- U.S. Department of the Treasury Government — Engages with Treasury to address regulatory challenges related to capital markets sanctions.
- U.S. Securities and Exchange Commission Government — Engages with the SEC on regulatory proposals and orders related to the Consolidated Audit Trail, including data security, privacy, and cost management.
+ 2 more
strategies · 5
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Cross-Sector Collaboration for Financial Empowermentmethodology: cross-sector_collaborationBy leveraging collaborations across financial institutions, government, and educators, the organization improves financial outcomes for youth and underserved communities, because multi-sector partnerships expand access and deepen engagement through combined expertise and resources.
- Fact-Based Policy Engagementmethodology: fact-based advocacyBy producing coordinated research, testimony, and formal comments, the organization advances policy change, because evidence-driven advocacy increases credibility and effectiveness in regulatory and legislative discussions.
- Industry Unification and Advocacymethodology: industry-unification-and-advocacyBy uniting the shared interests of broker-dealers, investment banks, and asset managers, the organization advocates for resilient and effective capital markets, because collective representation strengthens policy influence and regulatory outcomes.
- Regulatory Harmonization and Alignmentmethodology: regulatory_harmonizationBy promoting harmonized cybersecurity standards and GLBA-aligned data regulations, the organization reduces compliance fragmentation, because consistent, risk-based frameworks improve preparedness while protecting market stability and privacy.
- Secure-by-Design Regulatory Solutionsmethodology: data-security-by-designBy advocating for data security-by-design principles and firm-controlled data access, the organization reduces cybersecurity risks in regulatory systems, because minimizing data exposure and centralizing control prevents breaches and protects investor privacy.