Overview
What is Futures Industry Association Inc?
The Futures Industry Association (FIA) is a prominent nonprofit organization representing over 250 entities globally within the listed derivatives and cleared swaps industry. Their mission is multifaceted, acting as a recognized thought leader, advocate, and educator for futures and swaps that undergo central clearing. FIA's influence extends beyond borders, fostering a strong global presence and championing the interests of its members.
Official website here: www.fia.org
What are the reviews and ratings of this charity?
Futures Industry Association Inc is not currently rated by Charity Navigator. This lack of rating stems from the association being a non-501(c)(3) nonprofit, which makes it ineligible for Charity Navigator's typical evaluation criteria centered around Accountability & Finance or Impact & Measurement methodologies. Absence of a rating should not be perceived as either positive or negative; instead, it highlights that the organization has yet to undergo evaluation.
The Futures Industry Association operates independently and files IRS Form 990, which indicates compliance with mandatory transparency standards for nonprofits. However, details on total revenue, expenses, and salaries of key personnel are not available, limiting a comprehensive financial overview. It's important to note the organization's status and affiliation as independent or non-auxiliary in nature.
No user reviews are available from GreatNonprofits for Futures Industry Association Inc, which means there are no direct public insights or experiences to balance against the structural and operational data. This absence suggests focusing on organizational reports and third-party analyses to gain more context about its operations and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Futures Industry Association Inc legitimate?
Futures Industry Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Futures Industry Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,941,510
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,220,082
For more financial information, click here
Official website here: www.fia.org
What is the mission statement of Futures Industry Association Inc?
The Futures Industry Association (FIA) serves as the primary advocate and thought leader for the global listed derivatives and cleared swaps industry. With over 250 members representing various organizations worldwide, FIA is at the forefront of advancing the interests of this sector. The mission of FIA is to centrally clear futures and swaps, making it the global voice for this industry. FIA champions the causes and supports the growth of the listed derivatives and cleared swaps market through advocacy, education, and thought leadership. The organization works to create a favorable regulatory environment, promote market transparency, and provide resources and insights to its members.
Official website here: www.fia.org
Who is the CEO of Futures Industry Association Inc?
Walter Lukken is the President & Ceo of Futures Industry Association Inc. The CEO's salary of Futures Industry Association Inc is $1,801,688 and their total compensation is $1,843,158.
Official website here: www.fia.org
What is the revenue of Futures Industry Association Inc?
Futures Industry Association Inc's revenue in 2022 was $30,709,919.
Official website here: www.fia.org
Who are the executives of Futures Industry Association Inc and what are their salaries?
The average compensation at Futures Industry Association Inc during 2022 was $208,218. There are 44 employees and 35 volunteers at Futures Industry Association Inc.
Here are 48 key members and their salaries (Futures Industry Association Inc's CEO's salary is $1,801,688 and their total compensation is $1,843,158):
- Compensation: $1,801,688
- Related: $0
- Other: $41,470
- Compensation: $753,886
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- Other: $41,470
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- Other: $41,470
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- Other: $41,470
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- Related: $0
- Other: $41,470
- Compensation: $304,283
- Related: $0
- Other: $41,405
- Compensation: $301,962
- Related: $0
- Other: $41,470
- Compensation: $292,868
- Related: $0
- Other: $41,470
- Compensation: $255,480
- Related: $0
- Other: $37,013
- Compensation: $247,331
- Related: $0
- Other: $36,280
- Compensation: $226,758
- Related: $0
- Other: $34,428
- Compensation: $209,128
- Related: $0
- Other: $32,841
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Official website here: www.fia.org
Where can I find the form 990 for Futures Industry Association Inc?
Futures Industry Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fia.org
Learn more at the official website: www.fia.org
Mission Statement of Futures Industry Association Inc
The Futures Industry Association Inc, headquartered in the heart of the global financial sector, serves as a powerful advocate, educator, and thought leader for the futures and cleared swaps industry. With a robust membership base comprised of over 250 organizations worldwide, FIA is dedicated to advancing the interests of this sector on a global scale.
The mission of the Futures Industry Association is multifaceted. At its core, it aims to champion the cause of futures and cleared swaps, which are centrally cleared, making it a global thought leader in this domain. FIA's influence extends beyond its member base, as it represents the listed derivatives and cleared swaps industry as a whole. The Association's advocacy efforts are geared towards ensuring a favorable regulatory environment for its members, enabling them to thrive and innovate in a complex and evolving financial landscape.
Furthermore, FIA plays an essential role in disseminating knowledge and expertise within the industry. By serving as an educator, it empowers its members with the latest information, trends, and best practices, ensuring they remain competitive and equipped to navigate the intricacies of the futures and cleared swaps market. This commitment to education is evident in the wealth of resources and thought leadership pieces the Association provides, helping its members stay informed and agile in a rapidly changing industry.
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Impact
October, 2024
The Futures Industry Association Inc plays a crucial role in shaping the global landscape of listed derivatives and cleared swaps. As the foremost advocate and educator for this sector, it serves as a key resource for industry stakeholders, promoting best practices and fostering innovation. By representing over 250 organizations worldwide, the FIA provides a unified voice that addresses regulatory challenges, advances market integrity, and enhances the overall efficiency of financial markets.
Through its thought leadership initiatives, the FIA disseminates vital information and research, helping members navigate complex market environments. Additionally, it facilitates industry collaboration, enabling organizations to share insights and develop solutions to pressing issues. The FIA’s commitment to education empowers participants across the industry, ensuring that they are equipped with the necessary knowledge and tools to thrive.
In summary, the Futures Industry Association's impact extends beyond mere representation; it actively shapes the direction of the futures and swaps markets, supporting a stable, transparent, and innovative financial ecosystem.
This information is meant to be a general summary of Futures Industry Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $386,189
- Program Service Revenue: $29,896,556
- Gross Receipts: $30,709,919
Assets and Liabilities:
- Total Assets: $71,884,707
- Total Liabilities: $51,013,493
- Net Assets: $20,871,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES AND SUBSCRIPTION
Revenue
$16,727,979
CONFERENCE REVENUE
Revenue
$7,168,674
CCP RR AND DOCUMENTATION LIBRARY
Revenue
$5,810,237
OTHER PROGRAM SERVICE REVENUE
Revenue
$189,666
Organization Details
Founding Year
1955
Phone
(202) 466-5460Principal Officer
Walter Lukken
Main Address
2001 K STREET NW Suite 725, WASHINGTON, DC, 20006
Website
www.fia.orgNTEE Category
Code: S41 - Community improvement
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