Financial Services Roundtable in Washington, District of Columbia (DC)

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Financial Services Roundtable
Employer Identification Number (EIN)360753125
Name of OrganizationFinancial Services Roundtable
Address1001 Pennsylvania Ave Nw 500s, Washington, DC 20004-2508
ActivitiesProfessional association
SubsectionBoard of Trade
Ruling Date01/1994
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$10,769,784
Amount of Income$19,955,247
Form 990 Revenue Amount$19,955,247
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business


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Amount of income in 2011: $19,955,247
Financial Services Roundtable: 

 $19,955,247
Other organizations performing similar types of work: 

 $1,075,112

Assets in 2011: $10,769,784
Financial Services Roundtable: 

 $10,769,784
Other organizations performing similar types of work: 

 $1,234,647

Expenses in 2007: $16,064,517
Financial Services Roundtable: 

 $16,064,517
Other organizations performing similar types of work: 

 $899,741

Income to expenses ratio in 2007: 1.0
Financial Services Roundtable: 

 1.0
Other organizations performing similar types of work: 

 1.0

Number of employees in 2007: 39
Financial Services Roundtable: 

 39
Other organizations performing similar types of work: 

 12

Employees paid over $50,000 in 2007: 5.1%
Financial Services Roundtable: 

 5.1%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420062007
Total revenue$9,345,825$10,404,410$11,731,841$13,242,482$15,072,748$18,846,332$15,519,688
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$491,427$634,982$1,115,335$1,338,576$1,267,113$1,122,898$1,033,911
Membership dues and assessments$8,504,021$9,592,864$10,395,437$11,729,983$12,019,729$12,281,725$13,010,104
Interest on savings and temporary cash investments$346,674$171,033$224,420$131,526$109,653$529,294$568,523
Dividends and interest from securities$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$-9,213$-10,163$-69,948$-1,511$0$0
Gross amount from sales of assets other than inventory$0$0$0$1,307,662$0$0$0
Less: cost or other basis and sales expenses$0$9,213$10,163$1,377,610$1,511$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$3,703$14,744$6,812$112,345$1,677,764$4,912,415$907,150
Total expenses$9,436,982$10,774,081$11,396,062$13,045,347$14,909,918$19,199,175$16,064,517
Program services$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$3,185,503$2,815,832$3,151,611$3,305,469$3,458,827$6,639,934$5,668,732
Excess or (deficit) for the year$-91,157$-369,671$335,779$197,135$162,830$-352,843$-544,829
Net assets or fund balances at beginning of year$3,276,660$3,185,503$2,815,832$3,151,611$3,305,469$6,990,275$6,639,934
Other changes in net assets or fund balances$0$0$0$-43,277$-9,472$2,502$-426,373
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$16,064,517$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$2,118,331$0$0$0
Compensation of former officers, directors, key employees, etc.$1,306,404$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$4,067,710$0$0$0
Pension plan contributions not included above$757,616$0$0$0
Employee benefits not included above$235,628$0$0$0
Payroll taxes$294,483$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$22,715$0$0$0
Legal fees$45,527$0$0$0
Supplies$0$0$0$0
Telephone$154,565$0$0$0
Postage and shipping$74,245$0$0$0
Occupancy$974,365$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$297,041$0$0$0
Travel$223,700$0$0$0
Conferences, conventions, and meetings$1,126,915$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$337,168$0$0$0
Other expenses not covered above$4,028,104$0$0$0
Balance Sheets
2000200120022003200420062007
Total assets$8,471,675$5,694,450$6,095,296$7,747,939$8,947,528$12,513,877$11,918,735
Cash - non-interest-bearing$2,141,966$1,684,728$1,023,411$1,801,306$3,207,383$5,294,315$4,639,132
Savings and temporary cash investments$2,372,217$2,211,634$3,017,630$1,700,405$1,317,243$3,118,345$3,281,575
Accounts receivable less allowance for doubtful accounts$1,202,493$180,403$147,268$74,137$151,555$106,322$160,135
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$152,929$112,631$1,213,297$1,947,543$211,245$237,563$145,082
Investments - publicly-traded securities$879,156$710,740
Investments - other securities$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$181,773$290,244$474,531$1,651,885$1,641,804$1,397,944$1,409,717
Other assets, including program-related investments$2,420,297$1,214,810$219,159$572,663$2,418,298$1,480,232$1,572,354
Total liabilities$5,286,172$2,878,618$2,943,685$4,442,470$5,488,701$5,873,943$6,250,003
Accounts payable and accrued expenses$3,572,738$2,420,064$2,159,551$3,906,388$4,599,057$3,631,304$4,479,138
Grants payable$0$0$0$0$0$0$0
Deferred revenue$1,713,434$141,575$655,010$144,627$495,253$2,242,639$1,770,865
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$0$316,979$129,124$391,455$394,391$0$0
Total liabilities and net assets/fund balances$8,471,675$5,694,450$6,095,296$7,747,939$8,947,528$12,513,877$11,918,735
Total net assets or fund balances$3,185,503$2,815,832$3,151,611$3,305,469$3,458,827$6,639,934$5,668,732
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420062007
Total revenue$9,345,825$10,404,410$11,731,841$13,242,482$15,072,748$18,846,332$15,519,688
Total revenue, gains, and other support per audited financial statements$9,345,825$10,404,410$11,731,841$13,242,482$15,072,748$18,848,834$15,511,774
Other expenses$0$0$0$0$0$2,502$-7,914
Net unrealized gains on investments$0$0$0$0$0$2,502$-7,914
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420062007
Total expenses$9,436,982$10,774,081$11,396,062$13,045,347$14,909,918$19,199,175$16,064,517
Total expenses and losses per audited financial statements$9,436,982$10,774,081$11,396,062$13,088,624$14,919,390$19,199,175$16,064,517
Other revenue$0$0$0$43,277$9,472$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$43,277$9,472$0$0
Other$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
55$1,340,256$76,468$0
55$505,766$195,841$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings29
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$1,271,538$34,866$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$12,695,000
Section 162(e) lobbying and political expenditures$7,308,857
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$7,514,543
Taxable amount of lobbying and political expenditures$-205,686
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200639
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$568,523$14,951,165
Program service revenue
Program service revenue 1000000$000$0$703,911
Program service revenue 2000000$000$0$330,000
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$13,010,104
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$568,523$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$907,150
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
1999200020012002200320052006
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$19,955,247
Contributions, Gifts, Grants and Other Similar Amounts$84,513
Program Service Revenue$19,773,343
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$59,546
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$37,845
Statement of Functional Expenses (for 2011)
Total functional expenses$19,224,983
Compensation of current officers, directors, trustees, and key employees$5,165,083
Other salaries and wages$3,383,381
Payroll taxes$393,352
Professional fundraising services$0
Other$10,283,167
Balance Sheet (for 2011)
Total assets$10,769,784
Total liabilities$4,722,093
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$4,722,093
Total net assets or fund balances$6,047,691
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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2American Petroleum Institute1220 L St Nw, Washington, DC 20005-4018DC1938-04$334,184,007
3Pharmaceutical Research And Manufacturers Of America950 F St Nw Ste 300, Washington, DC 20004-1440DC1959-02$208,097,578
4Chamber Of Commerce Of The United States Of America1615 H St Nw, Washington, DC 20062-0001DC1940-11$151,732,569
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6American Beverage Association1101 16th Street Nw, Washington, DC 20036-4803DC1939-02$115,492,215
7National Restaurant Association2055 L St Nw, Washington, DC 20036-4983DC1943-03$111,219,690
8National Retail Federation Inc325 7th St Nw, Washington, DC 20004-2818DC1938-08$69,144,114
9Investment Company Institute1401 H Street Nw, Washington, DC 20005-2110DC1945-05$68,957,419
10B S A Business Software Alliance, Bsa Inc20 F St Nw Ste 800, Washington, DC 20001-6708DC1989-09$68,080,352
11Association Of Corporate Counsel1025 Connecticut Avenue Nw Suite 20, Washington, DC 20036-5405DC1983-11$42,334,804
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14Entertainment Software Association575 7th St Nw Ste 300, Washington, DC 20004-1611DC1995-11$36,254,912
15Business Roundtable300 New Jersey Ave Nw Ste 800, Washington, DC 20001-2292DC1974-02$32,274,427
16Air Transport Association Of America Inc1301 Pennsylvania Ave Nw, Washington, DC 20004-1701DC1998-09$32,122,260
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18National Cooperative Business Assoc, Cooperative League Of Usa1401 N Y Ave Nw 1100, Washington, DC 20005-2146DC1996-10$31,114,511
19International Masonry Institute620 F St Nw Fl 8, Washington, DC 20004-1628DC1982-07$31,060,843
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Number of organizations performing similar types of work
Alaska1
Alabama14
Arkansas10
Arizona16
California106
Colorado19
Connecticut11
District of Columbia76
Delaware7
Florida53
Georgia30
Hawaii5
Iowa18
Idaho2
Illinois81
Indiana24
Kansas13
Kentucky10
Louisiana15
Massachusetts26
Maryland26
Maine3
Michigan31
Minnesota26
Missouri27
Mississippi11
Montana5
North Carolina39
North Dakota1
Nebraska5
New Hampshire6
New Jersey28
New Mexico5
Nevada8
New York89
Ohio41
Oklahoma12
Oregon18
Pennsylvania48
Rhode Island4
South Carolina11
South Dakota9
Tennessee20
Texas75
Utah4
Virginia107
Vermont5
Washington25
Wisconsin20
West Virginia8
Wyoming3
International5
Total1,262

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