Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Sep 2000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
39 people listed on the 990; $1.0M paid to officers and key staff (Part VII, Section A).
Jim Fitzpatrick’s $470K as President & CEO is at the 99th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Jim Fitzpatrick | $470,000 | $470,000 | $440,000 | $440,000 | — | — |
| James a Fitzpatrick | — | — | — | — | $408,125 | $377,500 |
| Kelly Sherrard | $154,125 | $147,375 | $121,594 | $127,819 | $114,813 | $105,000 |
| Allison Walsh | $146,163 | $133,905 | $108,365 | $119,094 | $111,156 | $105,000 |
| Justine Phoenix | — | $142,300 | $127,819 | $140,725 | $134,500 | $127,500 |
| Allison Lovett | $112,500 | $111,875 | $140,725 | $105,865 | $101,302 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Nicsa INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates and connects global investment management professionals through forums and independent learning.
Questions for Nicsa INC
Your first name shows with your question. Nicsa INC answers here, for everyone.
Annual Conference
NICSA Strategic Leadership Forum and expo provides educational and networking opportunities for its membership.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3044983) · Dispute this lineAsset & Wealth Management Summit
NICSA facilitated a National Meeting that provided education and networking opportunities for its membership.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3044983) · Dispute this lineSymposium
NICSA's Fearless Leadership Symposium brought together attendees to explore how inclusive leadership can enhance productivity and promote growth through powerful keynotes, interactive panel discussions and actionable takeaways from companies leading the DEI charge in our industry.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3044983) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $1.2M |
| Total assetsLn 16 | $1.4M | $1.6M |
| LiabilitiesLn 26 | $834K | $1.0M |
| Net assetsLn 32 | $607K | $523K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $506K | $456K | $51K | |
| Other salaries and wagesLn 7 | $788K | $721K | $66K | |
| Pension plan contributionsLn 8 | $12K | $11K | $1K | |
| Other employee benefitsLn 9 | $30K | $28K | $2K | |
| Payroll taxesLn 10 | $80K | $73K | $7K | |
| Legal feesLn 11b | $1K | $787 | $237 | |
| Accounting feesLn 11c | $52K | $52K | ||
| Other fees for servicesLn 11g | $11K | $10K | $741 | |
| Advertising and promotionLn 12 | $2K | $2K | $48 | |
| Office expensesLn 13 | $70K | $51K | $19K | |
| Information technologyLn 14 | $92K | $85K | $8K | |
| TravelLn 17 | $82K | $80K | $2K | |
| Conferences, conventions and meetingsLn 19 | $554K | $554K | ||
| InsuranceLn 23 | $12K | $11K | $689 | |
| Other expenses (24a–d)Ln 24 | $25K | $19K | $6K | |
| Total functional expensesLn 25 | $2.3M | $2.1M | $215K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2026 LatestFiled with the IRS Jul 16, 2026 | $2.5M | $2.3M | $226K | $749K | 990 PDF |
| FY2025 ViewingFiled with the IRS Jul 1, 2025 | $2.2M | $2.3M | −$83K | $523K | 990 PDF |
| FY2024Filed with the IRS Jul 30, 2024 | $2.2M | $2.2M | −$29K | $607K | 990 PDF |
| FY2023Filed with the IRS Aug 2, 2023 | $2.2M | $2.4M | −$150K | $636K | 990 PDF |
| FY2022Filed with the IRS Aug 8, 2022 | $2.1M | $2.0M | $79K | $786K | 990 PDF |
| FY2021Filed with the IRS Jul 30, 2021 | $1.8M | $1.6M | $180K | $706K | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $2,233,106 revenue, 12 lines filed
Part VI · Governance 31 of 31 board members independent, no flags
Part VIII · Statement of revenue $2,233,106 across 4 lines filed
Part IX · Statement of functional expenses $2,316,530 across 15 lines filed
Part X · Balance sheet $1,551,759 assets, 11 lines filed
Part XI · Reconciliation of net assets $523,213 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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