Overview
What is Securities Investor Protection Corporation?
The Securities Investor Protection Corporation (SIPC) is a non-profit membership organization, established under the Securities Investor Protection Act (SIPA). SIPC plays a crucial role in overseeing the liquidation process for bankrupt or financially distressed member broker-dealers. In such cases, when customer assets are at risk, SIPC steps in to protect investors and manage the redistribution of their assets.
Official website here: www.sipc.org
What are the reviews and ratings of this charity?
The Securities Investor Protection Corporation (SIPC) does not have a current rating on Charity Navigator. This absence of rating arises from the fact that SIPC is not a 501(c)(3) IRS registered nonprofit; hence, it cannot be evaluated by Charity Navigator's current methodologies tailored for such charitable organizations. The lack of a rating does not imply either favorable or unfavorable aspects but simply that the organization's financial practices have not been assessed by this platform.
Charity Navigator has traditionally used metrics such as Accountability and Finance to gauge nonprofits, but these cannot be applied to SIPC due to its different tax classification. The evaluation process by Charity Navigator now includes other factors like Impact & Measurement and Leadership & Adaptability, which are not applicable to SIPC. Despite this, SIPC's IRS data, which reflects its independent operational status and foundation classification, is available.
There are no user reviews for SIPC on GreatNonprofits, leaving a gap in direct community feedback regarding its services or impact. Given this absence, potential stakeholders or interested parties in SIPC must rely on available official data to form their perceptions of the organization's efficacy and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Securities Investor Protection Corporation legitimate?
Securities Investor Protection Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Securities Investor Protection Corporation 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: $4,400,253
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,780,399
For more financial information, click here
Official website here: www.sipc.org
What is the mission statement of Securities Investor Protection Corporation?
The Securities Investor Protection Corporation (SIPC) is a non-profit organization established under the Securities Investor Protection Act. Its primary mission is to oversee the liquidation of member broker-dealers when they encounter financial difficulties or go bankrupt. This process ensures the protection of customers' assets that may be missing in such situations. SIPC plays a crucial role in safeguarding investor interests by managing the distribution of funds to customers following the liquidation of a broker-dealer.
Official website here: www.sipc.org
Who is the CEO of Securities Investor Protection Corporation?
Josephine Wang is the Director of Securities Investor Protection Corporation. The CEO's salary of Securities Investor Protection Corporation is $1,063,691 and their total compensation is $361,734.
Official website here: www.sipc.org
What is the revenue of Securities Investor Protection Corporation?
Securities Investor Protection Corporation's revenue in 2022 was $463,655,966.
Official website here: www.sipc.org
Who are the executives of Securities Investor Protection Corporation and what are their salaries?
The average compensation at Securities Investor Protection Corporation during 2022 was $286,683. There are 39 employees at Securities Investor Protection Corporation.
Here are 19 key members and their salaries (Securities Investor Protection Corporation's CEO's salary is $1,063,691 and their total compensation is $361,734):
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $18,667
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $7,714
- Related: $0
- Other: $0
- Compensation: $5,769
- Related: $0
- Other: $0
- Compensation: $4,286
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,285,317
- Related: $0
- Other: $451,502
- Compensation: $457,015
- Related: $0
- Other: -$69,604
- Compensation: $1,063,691
- Related: $0
- Other: -$701,957
- Compensation: $246,059
- Related: $0
- Other: $73,649
- Compensation: $624,362
- Related: $0
- Other: -$968,053
- Compensation: $364,858
- Related: $0
- Other: $20,348
- Compensation: $314,541
- Related: $0
- Other: -$86,275
- Compensation: $369,921
- Related: $0
- Other: -$259,522
- Compensation: $377,641
- Related: $0
- Other: -$494,946
- Compensation: $364,053
- Related: $0
- Other: -$588,555
Official website here: www.sipc.org
Where can I find the form 990 for Securities Investor Protection Corporation?
Securities Investor Protection Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sipc.org
Learn more at the official website: www.sipc.org
Mission Statement of Securities Investor Protection Corporation
The Securities Investor Protection Corporation (SIPC) is a non-profit organization established under the Securities Investor Protection Act (SIPA). In simpler terms, SIPC acts as a safety net for protecting investors in the event their broker-dealer goes bankrupt or faces financial instability, and their assets become inaccessible. When a member broker-dealer encounters such financial distress, SIPC steps in to oversee the liquidation process and return customers' missing assets. This crucial mission ensures that investors' securities are safeguarded and their financial losses are minimized during unforeseen broker-dealer insolvencies.
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Impact
October, 2024
The Securities Investor Protection Corporation (SIPC) plays a crucial role in maintaining confidence in the financial markets by protecting customers of member broker-dealer firms. Its primary impact lies in overseeing the liquidation process when these firms face bankruptcy or financial distress, ensuring that investors' assets are safeguarded and accounted for. When a broker-dealer fails and customer assets go missing, SIPC steps in to recover and return those assets to investors, up to certain limits. This not only helps restore lost funds but also fosters trust in the integrity of the financial system, encouraging continued investment and participation in the markets. By fulfilling its mission, SIPC contributes significantly to overall market stability and investor protection.
This information is meant to be a general summary of Securities Investor Protection Corporation. 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.
- Program Service Revenue: $463,655,966
- Gross Receipts: $463,655,966
Assets and Liabilities:
- Total Assets: $4,237,761,857
- Total Liabilities: $690,941,499
- Net Assets: $3,546,820,358
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER ASSESSMENTS
Revenue
$382,258,690
INTR/US GOV SECURITIES
Revenue
$81,397,276
Organization Details
Founding Year
1970
Phone
(202) 371-8300Principal Officer
Josephine Wang
Main Address
1667 K ST NW 1000, WASHINGTON, DC, 200061620
Website
www.sipc.orgNTEE Category
Code: W60 - Public benefit
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