Civic Intelligence

National Futures Association

990 • Fiscal year 2012 • EIN 36-2960981

Jul 01, 2011 to Jun 30, 2012 • Filed on Feb 06, 2013

300 S Riverside Plaza60606-6615
Siviq Scores

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

Liabilities / Assets

46th percentile

0.25x

Higher debt load relative to assets than 46% of similar nonprofits.

2012 filings • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

91st percentile

23%

Faster asset growth than 91% of similar nonprofits.

2012 filings • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$68,136,205

Up $12,708,585 (+23%) from 2011

Net Assets

Up

$50,840,823

Up $7,765,457 (+18%) from 2011

Liabilities

Up

$17,295,382

Up $4,943,128 (+40%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$48,569,606

Up $6,277,421 (+15%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $53,062,454Liabilities 2010: $13,320,698Net Assets 2010: $39,741,7562010Assets 2011: $55,427,620Liabilities 2011: $12,352,254Net Assets 2011: $43,075,3662011Assets 2012: $68,136,205Liabilities 2012: $17,295,382Net Assets 2012: $50,840,8232012Assets 2013: $78,466,720Liabilities 2013: $21,751,874Net Assets 2013: $56,714,8462013Assets 2014: $127,373,410Liabilities 2014: $28,457,918Net Assets 2014: $98,915,4922014Assets 2015: $138,917,933Liabilities 2015: $23,841,137Net Assets 2015: $115,076,7962015Assets 2016: $135,048,820Liabilities 2016: $22,990,994Net Assets 2016: $112,057,8262016Assets 2017: $125,595,122Liabilities 2017: $22,400,491Net Assets 2017: $103,194,6312017Assets 2018: $127,573,941Liabilities 2018: $25,574,280Net Assets 2018: $101,999,6612018Assets 2019: $142,277,544Liabilities 2019: $24,537,761Net Assets 2019: $117,739,7832019Assets 2020: $160,552,859Liabilities 2020: $26,589,398Net Assets 2020: $133,963,4612020Assets 2021: $169,694,362Liabilities 2021: $28,731,218Net Assets 2021: $140,963,1442021Assets 2022: $176,284,079Liabilities 2022: $29,461,775Net Assets 2022: $146,822,3042022Assets 2023: $213,811,292Liabilities 2023: $57,137,401Net Assets 2023: $156,673,8912023Assets 2024: $241,465,991Liabilities 2024: $76,129,197Net Assets 2024: $165,336,7942024Assets 2025: $252,045,557Liabilities 2025: $71,292,770Net Assets 2025: $180,752,7872025

Highlighted filing

2012

Assets$68,136,205
Liabilities$17,295,382
Net Assets$50,840,823

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2010: $41,205,6372010Expenses 2011: $42,292,1852011Expenses 2012: $48,569,6062012Expenses 2013: $62,345,4102013Revenue 2014: $109,743,027Expenses 2014: $69,367,669Net Income 2014: $40,375,3582014Revenue 2015: $92,519,231Expenses 2015: $76,647,865Net Income 2015: $15,871,3662015Revenue 2016: $79,507,924Expenses 2016: $82,662,860Net Income 2016: -$3,154,9362016Revenue 2017: $81,456,351Expenses 2017: $91,835,911Net Income 2017: -$10,379,5602017Revenue 2018: $95,814,953Expenses 2018: $98,157,362Net Income 2018: -$2,342,4092018Revenue 2019: $115,241,534Expenses 2019: $101,154,119Net Income 2019: $14,087,4152019Revenue 2020: $120,873,183Expenses 2020: $106,252,569Net Income 2020: $14,620,6142020Revenue 2021: $110,867,239Expenses 2021: $109,814,140Net Income 2021: $1,053,0992021Revenue 2022: $126,360,502Expenses 2022: $113,649,342Net Income 2022: $12,711,1602022Revenue 2023: $139,826,383Expenses 2023: $130,012,810Net Income 2023: $9,813,5732023Revenue 2024: $143,659,027Expenses 2024: $138,871,654Net Income 2024: $4,787,3732024Revenue 2025: $154,945,104Expenses 2025: $145,239,561Net Income 2025: $9,705,5432025

Highlighted filing

2012

Revenue-
Expenses$48,569,606
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Feb 6, 2013
Return Version
2011v1.5
Gross Receipts
$56,561,706
Mission and Program Overview

Mission

As a congressionally authorized self-regulatory organization, national futures association (nfa) is the self-regulatory organization for the u.s. Derivatives industry, including exchange traded futures, retail off-exchange foreign currency (forex) and otc derivatives (swaps). Nfa has developed and enforces rules, provides programs and offers services that safeguard market integrity, protect investors and help our members meet their regulatory responsibilities.

Filing and Contact Details

Filer

EIN
36-2960981
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IRS990/ActivityOrMissionDescription0THE NATIONAL FUTURES ASSOCIATION (NFA) IS A MEMBERSHIP ORGANIZATION FORMED TO MONITOR AND MAINTAIN THE INTEGRITY OF THE DERIVATIVES TRADING INDUSTRY.
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IRS990/Description0REFER TO NFA'S ANNUAL REVIEW FOR AN OVERVIEW OF NFA'S ACCOMPLISHMENTS IN FISCAL 2012. (TO BE PUBLISHED JANUARY 2013/ EARLY FEBRUARY) http://www.nfa.futures.org/NFA-about-nfa/annual-reviews.HTML Role In the futures Industry: In 1974 Congress established the Commodity Futures Trading Commission (CFTC), a federal regulatory agency with jurisdiction over futures trading. The same legislation authorized the creation of "registered futures associations," giving the futures industry the opportunity to create a nationwide self-regulatory organization. The CFTC provides government oversight for the entire industry. Each U.S. futures exchange operates as a self-regulatory organization, governing its floor brokers, traders and member firms. NFA regulates every firm or individual who conducts futures trading business with public customers. Although the various regulatory organizations in the futures industry have their own specific areas of authority, together they form a regulatory partnership that oversees all industry participants. How NFA Fights Fraud and Abuse - Rigorous registration requirements: NFA thoroughly screens all firms and individuals wishing to do business with the public on any U.S. futures exchange. Applicants must meet stringent fitness requirements, including providing fingerprint cards for background checks. In addition, registrants must pass comprehensive proficiency testing requirements. We also have the authority to deny, revoke, suspend, restrict or condition any firm's or individual's registration. Comprehensive compliance rules: Over the years, NFA has adopted stringent rules covering a wide variety of areas such as advertising, telephone solicitations, risk disclosure, discretionary trading, disclosure of fees, minimum capital requirements, reporting and proficiency testing. Just as importantly, we perform audits and examinations of our Members to monitor compliance with those rules. We also conduct financial surveillance to enforce compliance with NFA's financial requirements. Strong enforcement authority: NFA has the authority to take disciplinary actions against any firm or individual who violates its rules, ranging from Warning Letters for minor rule infractions to formal Complaints in cases where rule violations warrant prosecution. Penalties resulting from Complaints include expulsion, suspension for a fixed period, prohibition from future association with any NFA Member, censure, reprimand and a fine of up to $250,000 per violation. NFA often collaborates with the CFTC, the FBI and other law enforcement agencies to ensure successful prosecutions. Trade practice and market surveillance: The futures industry has changed dramatically in the past few years. Long-established methods of trading, such as open-outcry, have given way to electronic trading at both traditional and new all-electronic exchanges. NFA provides a variety of regulatory services and programs to electronic exchanges to ensure the fair treatment of customers and to maintain orderly markets. NFA will soon be providing regulatory services to swap execution facilities - refer to http://www.nfa.futures.org/NFA-market-regulation/index.html for more details on this program. Resources for Investors: Investor protection begins with investor education. From its inception, NFA has committed resources to provide investors with the tools they need to make informed financial decisions. We have developed several publications that discuss a variety of futures-related topics. All of the publications are available on NFA's Web site (www.nfa.futures.org) and through NFA's Information Center (800-621-3570). In 1991, NFA created the nation's first clearinghouse of disciplinary information about futures firms and salespeople. This clearinghouse allowed investors and others for the first time to get a "one-stop" background check from government and self-regulatory sources about the disciplinary history and other background of 150,000 individuals and 10,000 firm
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IRS990/Form990PartVIISectionA/Title0Chairman of the Board
IRS990/Form990PartVIISectionA/Title1Vice Chairman of the Board
IRS990/Form990PartVIISectionA/Title2Board Member
IRS990/Form990PartVIISectionA/Title3Board Member
IRS990/Form990PartVIISectionA/Title4Board Member
IRS990/Form990PartVIISectionA/Title5Board Member
IRS990/Form990PartVIISectionA/Title6Board Member
IRS990/Form990PartVIISectionA/Title7Board Member
IRS990/Form990PartVIISectionA/Title8Board Member
IRS990/Form990PartVIISectionA/Title9Board Member
IRS990/Form990PartVIISectionA/Title10Board Member
IRS990/Form990PartVIISectionA/Title11Board Member
IRS990/Form990PartVIISectionA/Title12Board Member
IRS990/Form990PartVIISectionA/Title13Board Member
IRS990/Form990PartVIISectionA/Title14Board Member
IRS990/Form990PartVIISectionA/Title15Board Member
IRS990/Form990PartVIISectionA/Title16Board Member
IRS990/Form990PartVIISectionA/Title17Board Member
IRS990/Form990PartVIISectionA/Title18Board Member
IRS990/Form990PartVIISectionA/Title19Board Member
IRS990/Form990PartVIISectionA/Title20Board Member
IRS990/Form990PartVIISectionA/Title21Board Member
IRS990/Form990PartVIISectionA/Title22Board Member
IRS990/Form990PartVIISectionA/Title23Board Member
IRS990/Form990PartVIISectionA/Title24Board Member
IRS990/Form990PartVIISectionA/Title25Board Member
IRS990/Form990PartVIISectionA/Title26Board Member
IRS990/Form990PartVIISectionA/Title27Board Member
IRS990/Form990PartVIISectionA/Title28President and CEO
IRS990/Form990PartVIISectionA/Title29Vice President and COO
IRS990/Form990PartVIISectionA/Title30Senior VP and Secretary
IRS990/Form990PartVIISectionA/Title31Senior VP
IRS990/Form990PartVIISectionA/Title32Senior VP
IRS990/Form990PartVIISectionA/Title33Senior VP
IRS990/Form990PartVIISectionA/Title34VP, CFO, and Treasurer
IRS990/Form990PartVIISectionA/Title35Vice President
IRS990/Form990PartVIISectionA/Title36Vice President
IRS990/Form990PartVIISectionA/Title37Vice President
IRS990/Form990PartVIISectionA/Title38Associate General Counsel
IRS990/Form990PartVIISectionA/Title39Associate General Counsel
IRS990/Form990PartVIISectionA/Title40Associate General Counsel
IRS990/Form990PartVIISectionA/Title41Director, IS
IRS990/Form990PartVIISectionA/Title42Director, IS
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$252$71.3$181$155$145$9.71
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$241$76.1$165$144$139$4.79
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$214$57.1$157$140$130$9.81
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$176$29.5$147$126$114$12.7
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$170$28.7$141$111$110$1.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$161$26.6$134$121$106$14.6
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$142$24.5$118$115$101$14.1
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$25.6$102$95.8$98.2$2.34
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$126$22.4$103$81.5$91.8$10.4
2016Detailed filing. Detailed filing data is available for this year.$135$23.0$112$79.5$82.7$3.15
2015Detailed filing. Detailed filing data is available for this year.$139$23.8$115$92.5$76.6$15.9
2014Detailed filing. Detailed filing data is available for this year.$127$28.5$98.9$110$69.4$40.4
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.5$21.8$56.7$62.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.1$17.3$50.8$48.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.4$12.4$43.1$42.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.1$13.3$39.7$41.2