Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Interactive Financial Exchange Forum
EIN 54-1964448 • 501(c)6 • Wakefield, MA
Profile
The purpose of the Interactive Financial Exchange Forum is to facilitate the development of a robust XML framework for the electronic business to business exchange of data among financial service institutions around the world.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.07x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
30th percentile
Higher net margin than 30% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 36.5% of source-year revenue.
Asset Growth
42nd percentile
Faster asset growth than 42% of similar nonprofits.
Revenue Growth
49th percentile
Faster revenue growth than 49% of similar nonprofits.
Balance Sheet
Assets
Down$130,809
Down $8,199 (-5.9%) from 2016
Liabilities
Up$139,631
Up $14,540 (+12%) from 2016
Net Assets
Down-$8,822
Down $22,739 (-163%) from 2016
Revenue
Down$196,517
Down $1,980 (-1.0%) from 2016
Expenses
Up$219,256
Up $4,207 (+2.0%) from 2016
Net Income
Down-$22,739
Down $6,187 (-37%) from 2016
Trend Graphs
Filings
Most recent year
2017 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $130,809
- Liabilities
- $139,631
- Net assets
- -$8,822
- Revenue
- $196,517
- Expenses
- $219,256
- Net income
- -$22,739
Latest Detailed Filing
The latest 2017 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2015 to Jun 30, 2016
- Signed
- Mar 1, 2017
- Return Version
- 2015v3.0
- Gross Receipts
- $198,497
Mission and Program Overview
Mission
The purpose of the Interactive Financial Exchange Forum is to facilitate the development of a robust XML framework for the electronic business to business exchange of data among financial service institutions around the world.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| The Interactive Financial Exchange Forum was formed in 1997 to create a messaging standard for financial services that would address the challenges faced with the advent of network-based computing models. Through the use of Committees and working groups, the Forum works to facilitate the design of a next generetion XML standard that would be usable in many types of environments, extensible to cover many types of financial transactions, and globally focused in recognition of the increased need to communicate around the world. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Richard P Urban | President | FT | $50,000 | $10,000 | $60,000 |
| Anita Brady | Chairperson | - | $0 | - | - |
| Victor Dossey | Treasurer | - | $0 | - | - |
| Murray Heldon | Secretary | - | $0 | - | - |
| Ewan McGuire | Director | - | $0 | - | - |
| David Moss | Director | - | $0 | - | - |
| Frederique Slevin | Director | - | $0 | - | - |
| Mark A Schaffer | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Interactive Financial Exchange Forum
- EIN
- 54-1964448
- Phone
- 7812460500
- Address
- 401 Edgewater Place Suite 600, Wakefield, MA 01880
Signing Officer
- Name
- Anita Brady
- Title
- Chairperson
- Signed
- 2017-03-01
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Ruane & Company LLP
- Address
- 12 Alfred Street Suite 206, Woburn, MA 01801
- Preparer
- Thomas M Ruane CPA
- Phone
- 7816430090
Supplemental Narrative
Additional Explanations
Other Expenses.1002
“Office Expenses $3092”
Other Expenses.1005
“Travel $29940”
Other Expenses.1012
“Insurance $2062”
Other Expenses.1
“Marketing Communications $10261”
Other Expenses.2
“Payroll Service Fees $2121”
Other Expenses.3
“Webex & Kavi $1764”
Other Expenses.4
“Hosting $1159”
Other Expenses.7
“Bank Service Charges $5”
Other Assets.1005
“Accounts Receivable - Beginning $40965 Accounts Receivable - Ending $14980”
Other Assets.1011
“Prepaid Expenses and Deferred Charges - Beginning $1514 Prepaid Expenses and Deferred Charges - Ending $1495”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $14788 Accounts Payable and Accrued Expenses - Ending $8161”
Total Liabilities.1003
“Deferred Revenue - Beginning $124483 Deferred Revenue - Ending $102232”
Total Liabilities.1
“Accrued Payroll - Beginning $1938 Accrued Payroll - Ending $1938”
Total Liabilities.2
“Accrued Payroll Taxes - Beginning $813 Accrued Payroll Taxes - Ending $807”
Total Liabilities.3
“Accrued Expenses - Beginning $0 Accrued Expenses - Ending $11953”
Raw XML Appendix158 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Virtual Inc |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7812460500 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 401 Edgewater Place Suite 600 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Wakefield |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 01880 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 130012 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 122533 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CompensationOfHghstPdCntrctGrp/BusinessName/BusinessNameLine1Txt | 0 | Virtual Inc |
| IRS990EZ/CompensationOfHghstPdCntrctGrp/CompensationAmt | 0 | 84990 |
| IRS990EZ/CompensationOfHghstPdCntrctGrp/ServiceTypeTxt | 0 | Management |
| IRS990EZ/CompensationOfHghstPdCntrctGrp/USAddress/AddressLine1Txt | 0 | 401 Edgewater Place Ste 600 |
| IRS990EZ/CompensationOfHghstPdCntrctGrp/USAddress/CityNm | 0 | Wakefield |
| IRS990EZ/CompensationOfHghstPdCntrctGrp/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/CompensationOfHghstPdCntrctGrp/USAddress/ZIPCd | 0 | 01880 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -16552 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 76450 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form720FiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 172491 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 139008 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 198497 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 406 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 30469 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 13917 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 30469 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 13917 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 50000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 10000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Anita Brady |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Victor Dossey |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Murray Heldon |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Ewan McGuire |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | David Moss |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Frederique Slevin |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | Mark A Schaffer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | Richard P Urban |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Chairperson |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | President |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 42479 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 16475 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 50404 |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | The purpose of the Interactive Financial Exchange Forum is to facilitate the development of a robust XML framework for the electronic business to business exchange of data among financial service institutions around the world. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 32 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 198091 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | The Interactive Financial Exchange Forum was formed in 1997 to create a messaging standard for financial services that would address the challenges faced with the advent of network-based computing models. Through the use of Committees and working groups, the Forum works to facilitate the design of a next generetion XML standard that would be usable in many types of environments, extensible to cover many types of financial transactions, and globally focused in recognition of the increased need to communicate around the world. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 88163 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 142022 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 125091 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 215049 |
| IRS990EZ/TotalRevenueAmt | 0 | 198497 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.ifxforum.org |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $3092 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Travel $29940 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Insurance $2062 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Marketing Communications $10261 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Payroll Service Fees $2121 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Webex & Kavi $1764 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Hosting $1159 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Bank Service Charges $5 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Accounts Receivable - Beginning $40965 Accounts Receivable - Ending $14980 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Prepaid Expenses and Deferred Charges - Beginning $1514 Prepaid Expenses and Deferred Charges - Ending $1495 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Accounts Payable and Accrued Expenses - Beginning $14788 Accounts Payable and Accrued Expenses - Ending $8161 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Deferred Revenue - Beginning $124483 Deferred Revenue - Ending $102232 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Accrued Payroll - Beginning $1938 Accrued Payroll - Ending $1938 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Accrued Payroll Taxes - Beginning $813 Accrued Payroll Taxes - Ending $807 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | Accrued Expenses - Beginning $0 Accrued Expenses - Ending $11953 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.7 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Assets.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Assets.1011 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Total Liabilities.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Total Liabilities.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Total Liabilities.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Total Liabilities.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Total Liabilities.3 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Anita Brady |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Chairperson |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-03-01 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Interactive Financial Exchange Forum |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INTE |
| ReturnHeader/Filer/EIN | 0 | 541964448 |
| ReturnHeader/Filer/PhoneNum | 0 | 7812460500 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 401 Edgewater Place Suite 600 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Wakefield |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 01880 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Ruane & Company LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 12 Alfred Street Suite 206 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Woburn |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 01801 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7816430090 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Thomas M Ruane CPA |
| ReturnHeader/ReturnTs | 0 | 2017-03-01T08:28:28-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-06-30 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.