Civic Intelligence

The Industry Standardization for Institutional Trade Communication Inc

990 • Fiscal year 2019 • EIN 22-3605608

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 17, 2020

Organization Profilewww.isitc.org
750 Route 202Bridgewater, NJ 08807

(908) 359-1184

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.17x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.28x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Net Margin

15th percentile

-19%

Higher net margin than 15% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Asset Growth

20th percentile

-7.8%

Faster asset growth than 20% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

31st percentile

-4.6%

Faster revenue growth than 31% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$929,406

Down $78,166 (-7.8%) from 2018

Net Assets

Down

$773,257

Down $107,036 (-12%) from 2018

Liabilities

Up

$156,149

Up $28,870 (+23%) from 2018

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin15th percentile

Revenue

Down

$555,609

Down $27,027 (-4.6%) from 2018

Expenses

Down

$662,806

Down $28,609 (-4.1%) from 2018

Net Income

Up

-$107,197

Up $1,582 (+1.5%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $585,604Liabilities 2010: $128,454Net Assets 2010: $457,1502010Assets 2011: $681,744Liabilities 2011: $195,735Net Assets 2011: $486,0092011Assets 2012: $903,141Liabilities 2012: $238,699Net Assets 2012: $664,4422012Assets 2013: $973,587Liabilities 2013: $237,347Net Assets 2013: $736,2402013Assets 2014: $1,021,334Liabilities 2014: $203,106Net Assets 2014: $818,2282014Assets 2015: $1,240,075Liabilities 2015: $277,074Net Assets 2015: $963,0012015Assets 2016: $1,236,824Liabilities 2016: $174,432Net Assets 2016: $1,062,3922016Assets 2017: $1,209,404Liabilities 2017: $219,737Net Assets 2017: $989,6672017Assets 2018: $1,007,572Liabilities 2018: $127,279Net Assets 2018: $880,2932018Assets 2019: $929,406Liabilities 2019: $156,149Net Assets 2019: $773,2572019Assets 2020: $879,962Liabilities 2020: $122,164Net Assets 2020: $757,7982020Assets 2021: $877,745Liabilities 2021: $146,826Net Assets 2021: $730,9192021Assets 2022: $867,285Liabilities 2022: $167,446Net Assets 2022: $699,8392022Assets 2023: $819,175Liabilities 2023: $200,720Net Assets 2023: $618,4552023Assets 2024: $751,335Liabilities 2024: $143,097Net Assets 2024: $608,2382024

Highlighted filing

2019

Assets$929,406
Liabilities$156,149
Net Assets$773,257
Open 2019 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $494,543Expenses 2010: $530,470Net Income 2010: -$35,9272010Revenue 2011: $603,618Expenses 2011: $574,422Net Income 2011: $29,1962011Revenue 2012: $746,152Expenses 2012: $567,719Net Income 2012: $178,4332012Revenue 2013: $673,240Expenses 2013: $601,442Net Income 2013: $71,7982013Revenue 2014: $682,497Expenses 2014: $600,509Net Income 2014: $81,9882014Revenue 2015: $763,395Expenses 2015: $618,622Net Income 2015: $144,7732015Revenue 2016: $729,424Expenses 2016: $630,033Net Income 2016: $99,3912016Revenue 2017: $643,597Expenses 2017: $716,322Net Income 2017: -$72,7252017Revenue 2018: $582,636Expenses 2018: $691,415Net Income 2018: -$108,7792018Revenue 2019: $555,609Expenses 2019: $662,806Net Income 2019: -$107,1972019Revenue 2020: $277,740Expenses 2020: $293,209Net Income 2020: -$15,4692020Revenue 2021: $284,376Expenses 2021: $310,840Net Income 2021: -$26,4642021Revenue 2022: $479,595Expenses 2022: $510,918Net Income 2022: -$31,3232022Revenue 2023: $529,997Expenses 2023: $611,381Net Income 2023: -$81,3842023Revenue 2024: $573,630Expenses 2024: $583,847Net Income 2024: -$10,2172024

Highlighted filing

2019

Revenue$555,609
Expenses$662,806
Net Income-$107,197
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 17, 2020
Return Version
2019v5.1
Gross Receipts
$555,609
Mission and Program Overview

Mission

Please see Schedule O for organization's mission and most significant activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$668,828$707,725▲ $38,897
Cash and Non-Interest-Bearing Accounts$155,370$133,600▼ $21,770
Prepaid Expenses and Deferred Charges$136,332$83,981▼ $52,351
Accounts Receivable$4,421$3,050▼ $1,371
Intangible Assets$42,621$1,050▼ $41,571
Total Assets$1,007,572$929,406▼ $78,166
Liabilities
Deferred Revenue$123,000$111,000▼ $12,000
Accounts Payable and Accrued Expenses$4,279$45,149▲ $40,870
Total Liabilities$127,279$156,149▲ $28,870
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$880,293$773,257▼ $107,036
Total Net Assets Fund Balance$880,293$773,257▼ $107,036
Total Liabilities and Net Assets / Fund Balance$1,007,572$929,406▼ $78,166
Compensation and Service Providers
Top Officer Pay46th percentile

Board Members and Trustees

NameTitle
Lisa IagattaChair
Erica BorghiImmediate Past Chair
Rich RobinsonSecond Vice Chair
Kristin Swenton HochsteinVice Chair
Ana LothariusBoard Member
Carissa WarnerBoard Member
Charles MottingerBoard Member
Cihan KasikaraBoard Member
Evelyn GaleanoBoard Member
Gary ChanBoard Member
Jason BrasileBoard Member
Jason WardBoard Member
Krista ScharfenbergerBoard Member
Louis RosatoBoard Member
Michael BurgBoard Member
Paul FullamBoard Member
Paul McSherryBoard Member
Ted AnastasiBoard Member
Salome WingeSecretary
Bryan VivaldoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Professional Management AssocManagement Services750 Route 202 Suite 200, Bridgewater, NJ 08807$142,789
Revenue and Support

Revenue Composition

Contributions and Grants
$250,975
Program Service Revenue
$291,180
Investment Income
$13,454
Other Revenue
$0
Change in Net Assets
$-107,197

Audited Revenue Reconciliation

Revenue per Audited Statements
$555,609
Total Revenue per Audited Statements
$555,609
Total Revenue per Form 990
$555,609
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$662,806
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$313,439$0$0$313,439
Fees for Services Management$114,231$28,558$0$142,789
Advertising$78,720$19,680$0$98,400
Depreciation Depletion$41,571$0$0$41,571
Travel$17,854$4,463$0$22,317
Office Expenses$0$16,393$0$16,393
Other Expenses$13,675$0$0$13,675
Fees for Services Accounting$0$7,246$0$7,246
Insurance$4,027$1,007$0$5,034
Information Technology$1,803$0$0$1,803
Fees for Services Legal$0$139$0$139
Total Functional Expenses$585,320$77,486$0$662,806

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$662,806
Total Expenses per Audited Statements$662,806
Total Expenses per Form 990$662,806
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
The Industry Standardization for Institutional Trade Communication Inc
EIN
22-3605608
Phone
9083591184
Address
750 Route 202, Bridgewater, NJ 08807
Doing Business As
Isitc Inc

Signing Officer

Name
Charles Mottinger
Title
Treasurer
Phone
9083591184
Signed
2020-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Mottinger
Formed
1991
Legal Domicile
Nj
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
20

Preparer

Firm
Suplee Clooney & Company
Address
308 East Broad Street, Westfield, NJ 07090
Preparer
Robert J Butvilla
Phone
9087899300
Supplemental Narrative

Additional Explanations

Other

“Part I, line 1 and Part III, line 1 The International Securities Association for Institutional Trade Communication (ISITC) was founded in 1991 by a group of financial industry leaders with the purpose of facilitating straight-through processing (STP) among custodian banks, investment managers, and broker/ dealers. ISITC brings together financial industry professionals to develop proposed standards that are designed to enhance efficiencies in trade processing and related communications. Through collaboration, ISITC's members reduce inefficiencies, lower risk and build shareholder value while developing and promoting the global securities industry.”

Pt VI, Line 3

“ISITC outsources daily administrative operations to an outside management company.”

Pt VI, Line 6

“ISITC is an association which operates to serve a member base.”

Pt VI, Line 7A

“ISITC members participate in board elections.”

Pt VI, Line 7B

“Changes to bylaws are subject to member approval.”

Pt VI, Line 11B

“Board of Directors reviews 990 before filing.”

Pt VI, Line 19

“Governing documents, conflicts of interest policy and financial statements are made available to the public upon request.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Second Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Immediate Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
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IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantAmt00
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IRS990/GrantsToOrganizationsInd0false
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
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IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01007
IRS990/InsuranceGrp/ProgramServicesAmt04027
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IRS990/IntangibleAssetsGrp/EOYAmt01050
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Please see Schedule O for organization's mission and most significant activities.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0880293
IRS990/NetAssetsOrFundBalancesEOYAmt0773257
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
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IRS990/OtherExpensesGrp/TotalAmt013675
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0136332
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt083981
IRS990/PrincipalOfficerNm0Charles Mottinger
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
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IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
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IRS990ScheduleD/RevenueSubtotalAmt0555609
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IRS990ScheduleD/TotalRevenuePerForm990Amt0555609
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Part I, line 1 and Part III, line 1 The International Securities Association for Institutional Trade Communication (ISITC) was founded in 1991 by a group of financial industry leaders with the purpose of facilitating straight-through processing (STP) among custodian banks, investment managers, and broker/ dealers. ISITC brings together financial industry professionals to develop proposed standards that are designed to enhance efficiencies in trade processing and related communications. Through collaboration, ISITC's members reduce inefficiencies, lower risk and build shareholder value while developing and promoting the global securities industry.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ISITC outsources daily administrative operations to an outside management company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ISITC is an association which operates to serve a member base.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ISITC members participate in board elections.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Changes to bylaws are subject to member approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board of Directors reviews 990 before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Governing documents, conflicts of interest policy and financial statements are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 19
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IRS990/TotalAssetsEOYAmt0929406
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0585320
IRS990/TotalFunctionalExpensesGrp/TotalAmt0662806
IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0880293
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalProgramServiceRevenueAmt0291180

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$929,406
Liabilities
$156,149
Net assets
$773,257
Revenue
$555,609
Expenses
$662,806
Net income
-$107,197
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.14$0.61$0.57$0.58$0.01
2023Summary only. Only limited summary data is available for this year.$0.82$0.20$0.62$0.53$0.61$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.17$0.70$0.48$0.51$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.15$0.73$0.28$0.31$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.12$0.76$0.28$0.29$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.93$0.16$0.77$0.56$0.66$0.11
2018Summary only. Only limited summary data is available for this year.$1.01$0.13$0.88$0.58$0.69$0.11
2017Summary only. Only limited summary data is available for this year.$1.21$0.22$0.99$0.64$0.72$0.07
2016Summary only. Only limited summary data is available for this year.$1.24$0.17$1.06$0.73$0.63$0.10
2015Summary only. Only limited summary data is available for this year.$1.24$0.28$0.96$0.76$0.62$0.14
2014Summary only. Only limited summary data is available for this year.$1.02$0.20$0.82$0.68$0.60$0.08
2013Summary only. Only limited summary data is available for this year.$0.97$0.24$0.74$0.67$0.60$0.07
2012Summary only. Only limited summary data is available for this year.$0.90$0.24$0.66$0.75$0.57$0.18
2011Summary only. Only limited summary data is available for this year.$0.68$0.20$0.49$0.60$0.57$0.03
2010Summary only. Only limited summary data is available for this year.$0.59$0.13$0.46$0.49$0.53$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)6 • $500k-$1M nonprofits