Civic Intelligence

Hedge Fund Association Inc

990 • Fiscal year 2017 • EIN 47-3814611

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 20, 2018

Organization ProfileWWW.HEDGEFUNDASSOC.ORG
415 MADISON AVE Room 14TH FLRNew York, NY 10017

(646) 762-9668

Siviq Scores

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

Liabilities / Assets

80th percentile

0.18x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • NTEE S41 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.05x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • NTEE S41 • <$500k nonprofits • Source year 2017

Net Margin

65th percentile

9.1%

Higher net margin than 65% of similar nonprofits.

2017 filings • NTEE S41 • <$500k nonprofits • Source year 2017

Top Officer Pay

80th percentile

$5,115

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2017 filings • NTEE S41 • <$500k nonprofits • Source year 2017

Asset Growth

90th percentile

75%

Faster asset growth than 90% of similar nonprofits.

2017 filings • NTEE S41 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-47%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • NTEE S41 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$37,509

Up $16,069 (+75%) from 2016

Net Assets

Up

$30,878

Up $11,388 (+58%) from 2016

Liabilities

Up

$6,631

Up $4,681 (+240%) from 2016

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin65th percentile

Revenue

Down

$125,650

Down $111,947 (-47%) from 2016

Expenses

Down

$114,262

Down $197,791 (-63%) from 2016

Net Income

Up

$11,388

Up $85,844 (+115%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$100K$50K$0Assets 2015: $89,362Liabilities 2015: $0Net Assets 2015: $89,3622015Assets 2016: $21,440Liabilities 2016: $1,950Net Assets 2016: $19,4902016Assets 2017: $37,509Liabilities 2017: $6,631Net Assets 2017: $30,8782017Assets 2018: $36,572Liabilities 2018: $2,275Net Assets 2018: $34,2972018Assets 2019: $61,376Liabilities 2019: $2,275Net Assets 2019: $59,1012019Assets 2020: $65,754Liabilities 2020: $6,750Net Assets 2020: $59,0042020Assets 2021: $34,561Liabilities 2021: $0Net Assets 2021: $34,5612021Assets 2022: $68,729Liabilities 2022: $0Net Assets 2022: $68,7292022Assets 2023: $12,678Liabilities 2023: $0Net Assets 2023: $12,6782023Assets 2024: $27,597Liabilities 2024: $0Net Assets 2024: $27,5972024

Highlighted filing

2017

Assets$37,509
Liabilities$6,631
Net Assets$30,878
Open 2017 Filing

Operations Trend

Revenue Growth7th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2015: $152,730Expenses 2015: $63,368Net Income 2015: $89,3622015Revenue 2016: $237,597Expenses 2016: $312,053Net Income 2016: -$74,4562016Revenue 2017: $125,650Expenses 2017: $114,262Net Income 2017: $11,3882017Revenue 2018: $121,267Expenses 2018: $117,848Net Income 2018: $3,4192018Revenue 2019: $121,805Expenses 2019: $97,001Net Income 2019: $24,8042019Revenue 2020: $107,223Expenses 2020: $107,320Net Income 2020: -$972020Revenue 2021: $100,283Expenses 2021: $124,726Net Income 2021: -$24,4432021Revenue 2022: $172,335Expenses 2022: $138,167Net Income 2022: $34,1682022Revenue 2023: $88,704Expenses 2023: $144,755Net Income 2023: -$56,0512023Revenue 2024: $171,438Expenses 2024: $156,519Net Income 2024: $14,9192024

Highlighted filing

2017

Revenue$125,650
Expenses$114,262
Net Income$11,388
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 20, 2018
Return Version
2017v2.3
Gross Receipts
$125,650
Mission and Program Overview

Mission

Our mission is to serve as an industry trade and nonpartisan lobbying organization devoted to advancing transparency, development and trust in alternative investments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$21,440$37,509▲ $16,069
Total Assets$21,440$37,509▲ $16,069
Liabilities
Accounts Payable and Accrued Expenses$1,950$6,631▲ $4,681
Total Liabilities$1,950$6,631▲ $4,681
Net Assets / Fund Balance
Unrestricted Net Assets$19,490$30,878▲ $11,388
Total Net Assets Fund Balance$19,490$30,878▲ $11,388
Total Liabilities and Net Assets / Fund Balance$21,440$37,509▲ $16,069
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Samantha NitiutomoMember Service DirectorFT$5,115$5,115

Board Members and Trustees

NameTitle
Mitch AcklesPresident/director
Camille ClemonsDirector
Emily SlocumDirector
Evan KatzDirector
Holly SingerDirector
Jennifer KeeneyDirector
John SchrierDirector
Lisa RoitmanDirector
Marcia RothschildDirector
Mark McgoldrickDirector
Tony AcquadroDirector
Victor ParkDirector
Kislay ShahTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$65,551
Program Service Revenue
$60,099
Investment Income
$0
Other Revenue
$0
All Other Contributions
$48,645
Change in Net Assets
$11,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,651
Salaries, Compensation, and Employee Benefits$5,611
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$33,400$7,185-$33,400
Fees for Services Legal$10,769--$10,769
Fees for Services Accounting$6,825--$6,825
Advertising$6,806--$6,806
Other Salaries and Wages-$5,115-$5,115
Insurance$4,849--$4,849
All Other Expenses$3,943--$3,943
Payroll Taxes-$496-$496
Office Expenses-$346-$346
Occupancy$-3,057--$-3,057
Total Functional Expenses$101,120$13,142$0$114,262
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
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The executive director and president review form 990 before filing.”

Form 990, Part VI, Section B, Line 15A

“NO COMPENSATION”

Form 990, Part VI, Section B, Line 15B

“NO COMPENSATION”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Form 990, Part VI, Section A, Line 3

“Delegate control to executive director and president”

Filing and Contact Details

Filer

Filer Name
Hedge Fund Association Inc
EIN
47-3814611
Phone
6467629668
Address
415 MADISON AVE Room 14TH FLR, NEW YORK, NY 10017

Signing Officer

Name
Mitch Ackles
Title
President
Signed
2018-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mitch Ackles
Formed
2015
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
1

Preparer

Firm
Raman Abrol CPA
Address
1130 US HWY 46 SUITE 27, PARSIPPANY, NJ 07054
Preparer
Raman Abrol CPA
Phone
9733315178
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt011388
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt060099
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND PRESIDENT REVIEW FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DELEGATE CONTROL TO EXECUTIVE DIRECTOR AND PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 3
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt021440
IRS990/TotalAssetsEOYAmt037509
IRS990/TotalAssetsGrp/BOYAmt021440
IRS990/TotalAssetsGrp/EOYAmt037509
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt065551
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013142
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0101120
IRS990/TotalFunctionalExpensesGrp/TotalAmt0114262
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01950
IRS990/TotalLiabilitiesEOYAmt06631
IRS990/TotalLiabilitiesGrp/BOYAmt01950
IRS990/TotalLiabilitiesGrp/EOYAmt06631
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt019490
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IRS990/TotalProgramServiceExpensesAmt0101120
IRS990/TotalProgramServiceRevenueAmt060099
IRS990/TotalReportableCompFromOrgAmt05115
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt060099
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0125650
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021440
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt037509
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt019490
IRS990/UnrestrictedNetAssetsGrp/EOYAmt030878
IRS990/USAddress/AddressLine1Txt0415 MADISON AVE 14TH FLR
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010017
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.HEDGEFUNDASSOC.ORG
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MITCH ACKLES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEDGE FUND ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0HEDG
ReturnHeader/Filer/EIN0473814611
ReturnHeader/Filer/PhoneNum06467629668
ReturnHeader/Filer/USAddress/AddressLine1Txt0415 MADISON AVE Room 14TH FLR
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010017
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0001CA7019E702AE33BFAFD6C19E4E7EDE6EE6BBA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0001CA7019E702AE33BFAFD6C19E4E7EDE6EE6BBA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.90.214.90
ReturnHeader/FilingSecurityInformation/IPDt02018-03-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:10:28
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAMAN ABROL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01130 US HWY 46 SUITE 27
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PARSIPPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007054
ReturnHeader/PreparerPersonGrp/PhoneNum09733315178
ReturnHeader/PreparerPersonGrp/PreparationDt02018-03-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAMAN ABROL CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-03-20T11:10:48-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$37,509
Liabilities
$6,631
Net assets
$30,878
Revenue
$125,650
Expenses
$114,262
Net income
$11,388
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$1.71$1.57$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.00$0.13$0.89$1.45$0.56
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.00$0.69$1.72$1.38$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.00$0.35$1.00$1.25$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.07$0.59$1.07$1.07$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.02$0.59$1.22$0.97$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.02$0.34$1.21$1.18$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.38$0.07$0.31$1.26$1.14$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.02$0.19$2.38$3.12$0.74
2015Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$1.53$0.63$0.89
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)6 • <$500k nonprofits