2026-09-14T14:27:01-05:00 2025-10-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2024-11-01 521087193 SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC SIFM 2123131371 140 BROADWAY 35TH FLOOR NEW YORK NY 10005 MELANIE MORTIMER PRESIDENT 2123131371 2026-09-14 1 1 DANIEL ROMANO P00504182 2125990100 2024 MELANIE MORTIMER 140 BROADWAY 35TH FLOOR NEW YORK NY 10005 5639276 0 X WWW.SIFMA.ORG/ABOUT/SIFMA-FOUNDATION X 1976 DE SEE SCHEDULE O 16 16 14 15763 0 0 3911991 4756186 386750 351330 328066 337945 0 0 4626807 5445461 16250 21468 0 0 3206013 2918007 0 0 210030 1909951 1938935 5132214 4878410 -505407 567051 11081937 12417310 743661 626198 10338276 11791112 X THE SIFMA FOUNDATION IS DEDICATED TO FOSTERING KNOWLEDGE AND UNDERSTANDING OF THE FINANCIAL MARKETS FOR INDIVIDUALS OF ALL BACKGROUNDS (CONTINUED ON SCHEDULE O)WITH A FOCUS ON YOUTH. DRAWING ON THE SUPPORT AND EXPERTISE OF THE FINANCIAL INDUSTRY, THE SIFMA FOUNDATION PROVIDES FINANCIAL EDUCATION PROGRAMS AND TOOLS THAT STRENGTHEN ECONOMIC OPPORTUNITY ACROSS COMMUNITIES AND INCREASE INDIVIDUALS' AWARENESS OF AND ACCESS TO THE BENEFITS OF THE GLOBAL MARKETPLACE. 0 0 4133137 21468 351330 SEE SCHEDULE OTHE STOCK MARKET GAME (TM)SIFMA FOUNDATION'S FLAGSHIP INITIATIVE, THE STOCK MARKET GAME, IS A BELOVED PROJECT-BASED FINANCIAL EDUCATION PROGRAM USED IN CLASSROOMS AND EDUCATIONAL SETTINGS. STARTING WITH A VIRTUAL CASH ACCOUNT OF $100,000, STUDENT TEAMS STRIVE TO CREATE THE BEST PERFORMING PORTFOLIO OF BONDS, STOCKS, MUTUAL FUNDS, ETFS AND ESG INVESTMENTS DURING THE 3 THROUGH 8 MONTH COMPETITION. SMG ENGAGES YOUTH IN LEARNING THAT LEADS TO HIGHER TEST SCORES IN ECONOMICS, MATH AND PERSONAL FINANCE, AND LIFE SKILLS LEARNING. A NATIONALLY RANDOMIZED, DOUBLE-BLIND STUDY FUNDED BY THE FINRA FOUNDATION FOUND THAT THE STOCK MARKET GAME PROGRAM SUBSTANTIALLY IMPROVED STUDENT PERFORMANCE ON STANDARDIZED MATH TESTS AND IMPROVED STUDENT INVESTOR KNOWLEDGE, WHILE ALSO INCREASING TEACHERS LIKELIHOOD OF RESEARCHING AND PLANNING FOR THEIR OWN RETIREMENT. INVESTWRITE (R)SIFMA FOUNDATION'S NATIONAL ESSAY COMPETITION, INVESTWRITE, EXTENDS WHAT STUDENTS LEARN IN SMG BY CHALLENGING THEM TO REVIEW A LONG-TERM INVESTMENT SCENARIO AND MAKE ANALYST-STYLE RECOMMENDATIONS. PARTICIPANTS WORK INDIVIDUALLY AND EXPLORE CONCEPTS OF SAVING AND INVESTING, ASSET ALLOCATION, AND CORPORATE GOVERNANCE, WHILE REINFORCING THEIR ELA SKILLS. EACH YEAR, THOUSANDS OF INDUSTRY PROFESSIONALS VOLUNTEER AS INVESTWRITE JUDGES TO SELECT AND ACKNOWLEDGE THE BEST ESSAYS. CAPITOL HILL CHALLENGE (TM)THE CAPITOL HILL CHALLENGE (CHC) IS A SPECIAL EDITION OF THE SMG THAT MATCHES US MEMBERS OF CONGRESS WITH STUDENT TEAMS IN THEIR DISTRICT'S PUBLIC AND UNDERSERVED SCHOOLS. CHC ENHANCES PARTICIPANTS' FINANCIAL AND CIVICS EDUCATION AND GIVES MEMBERS OF CONGRESS AN OPPORTUNITY TO ENGAGE WITH LOCAL SCHOOLS, EDUCATION LEADERS, AND FINANCIAL INSTITUTIONS SUPPORTING YOUTH FINANCIAL EDUCATION IN THEIR COMMUNITIES. SINCE 2014, 100% CONGRESS HAS PARTICIPATED IN CHC. INVEST IT FORWARD (R)AN INDUSTRY-WIDE, SKILLS-BASED VOLUNTEER PROGRAM, INVEST IT FORWARD (IIF) FOSTERS CAREER EXPLORATION, MENTORSHIP AND INDUSTRY PARTNERSHIPS FOR YOUTH AND EDUCATORS. VOLUNTEERS FROM THE PRIVATE SECTOR PARTNER WITH SCHOOLS TO EXPOSE STUDENTS TO NEW CAREER PATHWAYS AND DEEPEN THEIR UNDERSTANDING OF THE FINANCIAL INDUSTRY AND OPPORTUNITIES. IIF PROVIDES INTERACTIVE CONTENT TO FACILITATE VOLUNTEERS' VIRTUAL OR IN-PERSON PRESENTATIONS, COMPLEMENT THE SMG, INSPIRE REAL-WORLD DISCUSSIONS, AND BUILD TEACHERS' INSIGHTS AND CONFIDENCE. MATERIALS AND SUPPORT ARE PROVIDED TO VOLUNTEERS TO MAXIMIZE THE IMPACT OF THEIR INVOLVEMENT.SMG INVEST QUESTA FULLY DIGITAL EXPERIENCE, SMG IQ, IS A 30-MINUTE ONLINE INVESTING SIMULATION THAT EMPHASIZES ASSET ALLOCATION, DIVERSIFICATION, AND LONG-TERM INVESTING. SMG IQ INCORPORATES FUNDAMENTAL DEFINITIONS AND CONCEPTS RELATED TO INVESTING, WHILE PRESENTING UNIQUE INVESTMENT CHOICES, HELPFUL TIPS, AND INDUSTRY NEWS TO CONSIDER THROUGH A FIVE-YEAR SPAN OF REAL MARKET ACTIVITY. IN ITS FIRST YEAR, 125,000 SMG IQ GAMES WERE COMPLETED 4133137 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 20 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X NAM KIM 2123131371 140 BROADWAY 35TH FLOOR NEW YORK NY 10005 RICHARD J DALY EXECUTIVE CHAIR 2.00 0.00 X X 0 0 0 LAWRENCE THOMAS VICE-CHAIR 2.00 0.00 X X 0 0 0 LISA KIDD HUNT VICE-CHAIR 2.00 0.00 X X 0 0 0 TODD DIGANCI TREASURER 1.50 0.00 X X 0 0 0 JAMES ALLEN DIRECTOR 1.00 0.00 X 0 0 0 JAMES ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 LISA BLEIER DIRECTOR 1.00 0.00 X 0 0 0 KENNETH CELLA DIRECTOR 1.00 0.00 X 0 0 0 BRYAN CHRISTIAN DIRECTOR 1.00 0.00 X 0 0 0 VANESSA COOKSEY DIRECTOR 1.00 0.00 X 0 0 0 DAVID DAWKINS DIRECTOR 1.00 0.00 X 0 0 0 KRISTEN KIMMELL DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL KISBER DIRECTOR (THRU 12/2024) 1.00 0.00 X 0 0 0 EVAN LAHUTA DIRECTOR 1.00 0.00 X 0 0 0 SHAREEN LUZE DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH E SWEENEY DIRECTOR 1.00 0.00 X 0 0 0 SUSAN THEDER DIRECTOR 1.00 0.00 X 0 0 0 MELANIE MORTIMER PRESIDENT, SECRETARY 40.00 0.00 X 452596 0 66197 ELIZABETH REIDEL MANAGING DIRECTOR 40.00 0.00 X 233333 0 88065 MICHAEL SHERMAN VICE PRESIDENT 40.00 0.00 X 221692 0 27727 BENJAMIN SAWYER CHIEF OPERATING OFFICER 40.00 0.00 X 278804 0 54306 JOHN MARTIN VICE PRESIDENT 40.00 0.00 X 215851 0 49612 ALLYSON GOLDHAGEN VICE PRESIDENT 40.00 0.00 X 185456 0 24478 1587732 0 310385 9 0 1 1 THE PATRICK COLLINS GROUP LLC 201 WEST STREET LAINGSBURG MI 48848 CONSULTING FEES 174577 1 1003832 3752354 4756186 SMG PROCESSING FEE 611710 351330 351330 351330 337945 337945 193815 1003832 193815 0 5445461 351330 0 337945 X 21468 21468 537102 241696 241696 53710 1705690 1418156 176124 111410 245862 204310 22951 18601 282077 219229 42707 20141 147276 124392 22884 2225 2225 25000 25000 800004 800004 64913 64913 577046 577046 33799 32407 786 606 425780 421270 4510 DUES & REGISTRATION 7925 7925 MISC. EXPENSES 1149 97 1052 BANK CHARGES 870 870 SUBSCRIPTION AND BOOKS 224 224 4878410 4133137 535243 210030 310983 196070 925000 1100000 657820 738465 9181068 10371399 7066 11376 11081937 12417310 118324 160798 625337 465400 743661 626198 X 9538276 11016112 800000 775000 10338276 11791112 11081937 12417310 567051 885785 0 X 0 1 X 1 0 X 3203925 3287504 4609074 3911991 4756186 19768680 3203925 3287504 4609074 3911991 4756186 19768680 3888368 15880312 149497 207184 253874 328066 337945 1276566 133306 101813 193648 172397 193815 794979 21840225 1734138 0.72710 0.67810 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2020 AMOUNT: $ 133,306. 2021 AMOUNT: $ 101,813. 2022 AMOUNT: $ 193,648. 2023 AMOUNT: $ 172,397. 2024 AMOUNT: $ 193,815. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO SIFMA 465400 465400 X 6795246 885785 464000 1349785 5445461 0 5445461 5342410 464000 464000 4878410 0 4878410 PART X, LINE 2: THE FOUNDATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TRIBUTE DINNER 1197647 1003832 193815 193815 1197647 1003832 193815 193815 193815 0 1 JUMPSTART COALITION FOR PERSONAL FINANCIAL LITERACY 1001 CONNECTICUT AVENUE NW SUITE 640 WASHINGTON DC 20036 522031287 501(C)(3) 17250 0 DUES - SUSTAINING PARTNER 1 0 PART I, LINE 2: GRANT MONITORING THE SIFMA FOUNDATION CONDUCTS DUE DILIGENCE ON ORGANIZATIONS TO ENSURE THAT THEY ARE OFFICIAL 501(C)(3) TAX EXEMPT ORGANIZATIONS, IN GOOD FINANCIAL STANDING, WITH A TRACK RECORD OF DELIVERING ON THEIR MISSION, AND, TO THE EXTENT THIS INFORMATION IS AVAILABLE, COMPLYING WITH THEIR LEGAL AND FIDUCIARY REQUIREMENTS. THE FOUNDATION SEEKS OUT INFORMATION ON GUIDESTAR, CHARITY WATCH, AND MORE GENERALLY ON THE INTERNET PRIOR TO MAKING GRANTS. GRANTS ARE MADE ON A VERY LIMITED BASIS FOR SELECT ORGANIZATIONS AND/OR PROJECTS THAT COMPLEMENT THE WORK OF THE SIFMA FOUNDATION INCLUDING, IN PARTICULAR, HELPING TO ADVANCE THE FIELD/CAUSE OF FINANCIAL EDUCATION. THE SIFMA FOUNDATION REQUESTS AND REVIEWS GRANTEE REPORTS ON USE OF GRANT FUNDS AT THE CONCLUSION OF THEIR GRANT PERIOD. X X X X 0 0 0 0 0 0 0 1 0 MELANIE MORTIMER PRESIDENT, SECRETARY 363184 0 85800 0 3612 0 41400 0 24797 0 518793 0 0 0 BENJAMIN SAWYER CHIEF OPERATING OFFICER 260144 0 18000 0 660 0 33809 0 20497 0 333110 0 0 0 ELIZABETH REIDEL MANAGING DIRECTOR 203843 0 28500 0 990 0 29527 0 58538 0 321398 0 0 0 JOHN MARTIN VICE PRESIDENT 203691 0 11500 0 660 0 26573 0 23039 0 265463 0 0 0 MICHAEL SHERMAN VICE PRESIDENT 205854 0 13000 0 2838 0 26263 0 1464 0 249419 0 0 0 ALLYSON GOLDHAGEN VICE PRESIDENT 175959 0 9000 0 497 0 16991 0 7487 0 209934 0 0 0 PART I, LINE 7: NON-FIXED PAYMENTS THE BONUS IS BASED ON PERFORMANCE WHICH IS EVALUATED DURING AN ANNUAL EMPLOYEE REVIEW PROCESS THAT IS REVIEWED AND APPROVED BY THE BOARD. FORM 990, PART I, LINE 1 THE SIFMA FOUNDATION IS DEDICATED TO FOSTERING KNOWLEDGE AND UNDERSTANDING OF THE FINANCIAL MARKETS FOR INDIVIDUALS OF ALL BACKGROUNDS. THE FOUNDATION FILLS CRITICAL GAPS IN FINANCIAL EDUCATION FOR SCHOOLS, NONPROFITS, AND FAMILIES; ADVANCES ECONOMIC INDEPENDENCE FOR YOUTH OF ALL BACKGROUNDS; AND PREPARES THE FUTURE FINANCIAL WORKFORCE BY CULTIVATING WELL-INFORMED CUSTOMERS, BUSINESS LEADERS, AND DECISION-MAKERS. FORM 990, PART V, LINE 2A: NUMBER OF EMPLOYEES REPORTED ON FORM W-3 THE FOUNDATION'S EMPLOYEES ARE INCLUDED IN THE W-3 FILING OF SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION, AN UNRELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 LISA BLEIER, KENNETH CELLA, LISA KIDD HUNT, MICHAEL KISBER, AND JOSEPH E. SWEENEY HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE ACCOUNTING DEPARTMENT OF THE ORGANIZATION PREPARES THE FORM 990 BASED ON AUDITED FINANCIAL INFORMATION. THE DRAFT FORM 990 IS THEN REVIEWED BY MANAGEMENT AND AN EXTERNAL INDEPENDENT ACCOUNTING FIRM. THE AUDIT AND FINANCE COMMITTEE WILL REVIEW THE FINAL DRAFT SIGNED OFF BY THE EXTERNAL INDEPENDENT ACCOUNTING FIRM. THIS REVIEW WILL BE NOTED AS AN AGENDA ITEM AT AN AUDIT AND FINANCE COMMITTEE MEETING AND WILL BE DULY NOTED IN THE MINUTES. THE FORM 990 WILL BE PROVIDED TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT ANY EMPLOYEE IN A POSITION WHERE HIS OR HER OBJECTIVITY MAY BE QUESTIONED BECAUSE OF AN INDIVIDUAL INTEREST, FAMILY OR PERSONAL RELATIONSHIP IS REQUIRED TO NOTIFY GENERAL COUNSEL. SIMILARLY, ANY EMPLOYEE AWARE OF ANY TRANSACTION OR RELATIONSHIP THAT COULD REASONABLY BE EXPECTED TO GIVE RISE TO A PERSONAL CONFLICT OF INTEREST IS REQUIRED TO DISCUSS THE MATTER PROMPTLY WITH GENERAL COUNSEL. IN ADDITION, ONCE EVERY YEAR, DIRECTORS AND ALL EMPLOYEES OF THE FOUNDATION ARE REQUIRED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE IS COMPLIANT. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE EXECUTIVE COMMITTEE AND THE BOARD ACTING AS A COMPENSATION COMMITTEE HIRE CONSULTANTS TO REVIEW COMPARABLE PACKAGES FOR ANY NEW INCOMING EXECUTIVE DIRECTORS. THE CONSULTANT PRESENTS DATA FOR COMPARABLE POSITIONS BOTH LOCALLY AND NATIONALLY, AND THE BOARD'S EXECUTIVE COMMITTEE MAKES THE FINAL DECISIONS FOR THE SALARY PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE FOUNDATION'S WEBSITE AND ANY REQUEST FOR GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY WILL BE PROVIDED UPON REQUEST AT MANAGEMENT'S DISCRETION. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 739,050. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 739,050. IT / TECH SERVICES: PROGRAM SERVICE EXPENSES 53,730. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,730. MISCELLAENOUS: PROGRAM SERVICE EXPENSES 7,224. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,224.