Emta INC FY2020 filing

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The organization's primary exempt purposes are:Emta is the principal trade group for the global emerging markets trading and investment community and has worked since 1990 to promote the orderly development of fair, efficient and transparent trading markets for em instruments ( including bonds, loans, fx. Derivatives and local market instruments) and to help integrate em into the global capital markets. In addition to its ongoing activities, Emta provides a well-recognized forum that enables the em trading and investment community to identify, discuss and address industry needs and to speak, when necessary, with a strong and credible voice on behalf of a broad spectrum of marketparticipants.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $57K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 60% of spending
Concern: pay to officers and key staff is 60% of spending; over 30%.
Pt VII · Sec A
10 mo
of spending, in cash
Plus $5.7M in investments, Pt X · Ln 11–13
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.9M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
Spent
$2.7M
To programs
0%
Net assets
$6.1M
By yearFY2020–FY2024
Revenue
$2.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$2.8M
FY2022$3.0M
FY2023$3.0M
FY2024$3.1M
Expenses
$2.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.7M
FY2021$2.7M
FY2022$2.9M
FY2023$2.9M
FY2024$3.2M
Net assets
$6.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.1M
FY2021$6.1M
FY2022$6.1M
FY2023$6.3M
FY2024$6.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

28 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$462,875Pt VII · Sec A
SR Leg Counsel & Managing Director
$350,000Pt VII · Sec A
Managing Director
$350,000Pt VII · Sec A
General Counsel
$350,000Pt VII · Sec A
Office Manager
$109,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Leslie Payton Jacobs$476,417$346,800$350,000$350,000$350,000
Michael Chamberlin——$392,875$442,875$462,875
Jonathan R Murno$370,300————
Johnathan Murno—$356,800$350,000$350,000$350,000
Aviva Werner$356,140$346,200$350,000$350,000$350,000
Michael M Chamberlin$303,909$307,800———
Suzette Vaccaro$110,820$107,820———
Suzette Ortiz——$109,000$109,000$109,000

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.

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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

Promotes fair, efficient, and transparent emerging markets trading and investment.

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Provided by the organization

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2 programs · in their own filed words · FY2020
01

Presented many forum and panel presentations at approximately thirty industry gatherings each year in the world's financial capitals, as well as webinars, on various topics of interest to participants in the emerging markets trading and investment community.

Pt IX · col B
02

Prepared various legal documents and market practices relating to the trading of em fixed income and FX derivatives products.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$129K
Money outPt IX
$2.7M
Ln 25
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$9.0M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
28
listed · VII A
PaidVII A5
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$129K
Gains on assetsLn 7$0
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$428K
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$5.7M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$99K
Total assetsLn 16$9.0M
LiabilitiesLn 26$2.9M
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.4M$2.2M
InvestmentsLn 11–13$5.3M$5.7M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$9.0M$9.0M
LiabilitiesLn 26$3.0M$2.9M
Net assetsLn 32$6.0M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.6M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$182K
Pension plan contributionsLn 8$210K
Other employee benefitsLn 9$237K
Payroll taxesLn 10$79K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$17K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$18K
Information technologyLn 14$96K
RoyaltiesLn 15$0
OccupancyLn 16$153K
TravelLn 17$6K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$54K
All other expensesLn 24e$498
Total functional expensesLn 25$2.7M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.1M$3.2M−$89K$6.3M 990 PDF
FY2023 $3.0M$2.9M$88K$6.3M 990 PDF
FY2022 $3.0M$2.9M$92K$6.1M 990 PDF
FY2021 $2.8M$2.7M$109K$6.1M 990 PDF
FY2020 Viewing $2.8M$2.7M$86K$6.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,787,420 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,920,689$2,658,331
I-10 Investment incomePrior year $138,566$129,089
I-11 Other revenue$0
I-12 Total revenuePrior year $3,059,255$2,787,420
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,364,643$2,354,325
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $675,968$347,182
I-18 Total expensesPrior year $3,040,611$2,701,507
I-19 Revenue less expensesPrior year $18,644$85,913
Part VI · Governance 24 of 24 board members independent, 3 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,787,420 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,658,331$2,658,331
VIII-3 Investment incomeRelated to mission $129,089$129,089
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2,787,420$2,787,420
Part IX · Statement of functional expenses $2,701,507 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$1,646,275
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$182,372
IX-8 Pension plan contributions$209,787
IX-9 Other employee benefits$236,660
IX-10 Payroll taxes$79,231
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$16,800
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$18,110
IX-14 Information technology$95,822
IX-15 Royalties$0
IX-16 Occupancy$152,506
IX-17 Travel$5,574
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$3,559
IX-24 Other expenses (24a–d)$54,313
IX-24e All other expenses$498
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,701,507
Part X · Balance sheet $8,996,871 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $279,654$1,817,189
X-2 Savings and temporary cash investmentsStart of year $2,139,207$428,156
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,138,959$873,396
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $34,966$51,655
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $5,283,150$5,727,150
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $84,622$99,325
X-16 Total assetsStart of year $8,960,558$8,996,871
X-17 Accounts payable and accrued expensesStart of year $625,965$531,896
X-19 Deferred revenueStart of year $2,379,206$2,328,675
X-26 Total liabilitiesStart of year $3,005,171$2,860,571
X-27 Net assets without donor restrictionsStart of year $5,955,387$6,136,300
X-32 Total net assets or fund balancesStart of year $5,955,387$6,136,300
X-33 Total liabilities and net assetsStart of year $8,960,558$8,996,871
Part XI · Reconciliation of net assets $6,136,300 net assets at year end
XI-1 Total revenue$2,787,420
XI-2 Total expenses$2,701,507
XI-3 Revenue less expenses$85,913
XI-4 Net assets at start of year$5,955,387
XI-8 Prior period adjustments$95,000
XI-10 Net assets at end of year$6,136,300

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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