Overview
What is Financial Technology Association?
The Financial Technology Association (FTA) is a nonprofit organization based in Chantilly, Virginia. Their primary objective is to educate and inform policymakers and the public on issues related to technology-driven financial services. They accomplish this through various means, such as drafting white papers, submitting comment letters, issuing press releases, engaging with policymakers, attending conferences, speaking on panels, and expanding their membership base. The FTA aims to educate consumers, regulators, policymakers, and industry stakeholders about the value of technology-centered financial services, advocating for the modernization of financial regulations to support inclusion and innovation. This modernization aims to advance the development of trusted, digital financial markets and services. The FTA has a small team of three dedicated individuals working towards these goals.
Official website here: www.ftassociation.org
Is Financial Technology Association legitimate?
Financial Technology Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Financial Technology Association 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: $661,743
Professional Fundraising Fees: $0
Other Salaries and Wages: $643,166
For more financial information, click here
Official website here: www.ftassociation.org
What is the mission statement of Financial Technology Association?
The Financial Technology Association's mission is centered around educating various stakeholders, including consumers, regulators, policymakers, and industry players, about the significance of technology-driven financial services. They advocate for the modernization of financial regulations to foster inclusion and innovation, ultimately leading to the development of trusted, digital financial markets and services. To achieve this, the association engages in activities such as drafting comprehensive white papers, submitting comment letters, and organizing press releases, while also engaging with policymakers, attending conferences, and participating in panel discussions. Their primary goal is to promote the value of technology-based financial services and influence regulatory policies for a more inclusive and innovative financial landscape.
Official website here: www.ftassociation.org
Who is the CEO of Financial Technology Association?
Penny Lee is the CEO of Financial Technology Association The CEO's salary of Financial Technology Association is $625,000 and their total compensation is $661,743.
Official website here: www.ftassociation.org
What is the revenue of Financial Technology Association?
Financial Technology Association's revenue in 2023 was $2,237,585.
Official website here: www.ftassociation.org
Who are the executives of Financial Technology Association and what are their salaries?
The average compensation at Financial Technology Association during 2023 was $326,227. There are 4 employees and 50 volunteers at Financial Technology Association.
Here are 22 key members and their salaries (Financial Technology Association's CEO's salary is $625,000 and their total compensation is $661,743):
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Official website here: www.ftassociation.org
Where can I find the form 990 for Financial Technology Association?
Financial Technology Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ftassociation.org
Learn more at the official website: www.ftassociation.org
Mission Statement of Financial Technology Association
The Financial Technology Association, or FTA, is committed to enlightening consumers, regulators, policymakers, and industry stakeholders about the significance of technology-driven financial services. Their primary objective is to advocate for the modernization of financial regulations to foster inclusion and innovation. By doing so, they aim to advance the growth of trusted, digital financial markets and services.
In pursuit of this mission, the Financial Technology Association educates and informs policymakers and the public on matters related to technology-centric financial services. They accomplish this through various means, such as drafting comprehensive white papers, submitting comment letters, issuing press releases, engaging with policymakers, attending conferences, participating in panel discussions, and expanding their membership base. Their ultimate goal is to promote the value of technology-driven financial services and the need for regulatory modernization to support innovation and inclusion in the financial sector.
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Impact
October, 2024
The Financial Technology Association (FTA) significantly impacts the financial services landscape by educating consumers, regulators, policymakers, and industry stakeholders about the benefits of technology-centered financial services. By advocating for the modernization of financial regulation, the FTA aims to foster inclusion and innovation within the sector, enhancing access to trusted digital financial markets and services.
Through various initiatives, such as drafting comprehensive white papers, sending comment letters, and maintaining active media relations, the FTA informs and engages stakeholders on critical issues related to financial technology. Their efforts also include participating in conferences, speaking on panels, and expanding their membership base, which helps amplify their message and influence policy decisions.
By focusing on the value of technology in financial services, the FTA plays a crucial role in shaping a regulatory environment conducive to innovation, ensuring that new financial technologies can be developed and utilized to benefit a broader range of consumers and businesses. This proactive approach not only supports economic growth but also improves financial literacy and accessibility, contributing to overall community improvement.
This information is meant to be a general summary of Financial Technology Association. 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 2023.
- Investment Income: $27,585
- Gross Receipts: $2,237,585
Assets and Liabilities:
- Total Assets: $2,006,399
- Total Liabilities: $1,530,083
- Net Assets: $476,316
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Organization Details
Founding Year
2020
Principal Officer
Penny Lee
Website
www.ftassociation.orgNTEE Category
Code: S41 - Community improvement
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