Mid-Atlantic Security Traders Association INC FY2020 filing

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To promote the members' common interest in enhancing the success of the securities business by encouraging high standards of ethical conduct among the people engaged in the securities business, and at the same time promoting good fellowship and a spirit of cooperation among the members.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $91K a year · 27% 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
20 mo
of spending, in cash
Looks good: 20.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$234K
Spent
$127K
To programs
0%
Net assets
$216K
By yearFY2020–FY2025
Revenue
$234K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$234K
FY2021$18K
FY2022$358K
FY2023$383K
FY2024$328K
FY2025$367K
Expenses
$127K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$127K
FY2021Not on file
FY2022$198K
FY2023$189K
FY2024$475K
FY2025$224K
Net assets
$216K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$216K
FY2021$197K
FY2022$357K
FY2023$550K
FY2024$403K
FY2025$546K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1986.

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Mid-Atlantic Security Traders Association INC executive salaries →

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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 15aNo

Programs and updates

Encourages ethical conduct and cooperation to improve the securities business.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

To promote and enhance through business meetings, seminars, and conferences the success of the securities business.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $312K · 2022–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$234K
Ln 12
Fees for servicesLn 2g$229K
Gifts and grantsLn 1h$5K
Money outPt IX
$127K
Ln 25
Owns and owesPt X
$216K
net assets · Ln 32
Cash and savingsLn 1–2$216K
Total assetsLn 16$216K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$229K
Gains on assetsLn 7$0
Total revenueLn 12$234K
Assets in detailPt X, end of year
CashLn 1$216K
SavingsLn 2$0
Cash and savings togetherLn 1–2$216K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$216K
LiabilitiesLn 26$0
Net assetsLn 32$216K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
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$108K$216K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$108K$216K
LiabilitiesLn 26$0$0
Net assetsLn 32$108K$216K
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$5K
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$20
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$105K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$475
Other expenses (24a–d)Ln 24$16K
All other expensesLn 24e$0
Total functional expensesLn 25$127K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $367K$224K$143K$546K 990 PDF
FY2024 $328K$475K−$147K$403K 990 PDF
FY2023 $383K$189K$194K$550K 990 PDF
FY2022 $358K$198K$160K$357K 990 PDF
FY2021 $18K$197K 990 PDF
FY2020 Viewing $234K$127K$107K$216K 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 O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $233,931 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,000$5,000
I-9 Program service revenuePrior year $297,276$228,931
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $302,276$233,931
I-13 Grants and similar amounts paidPrior year $217,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $151,950$126,667
I-18 Total expensesPrior year $368,950$126,667
I-19 Revenue less expensesPrior year −$66,674$107,264
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $233,931 across 9 lines filed
VIII-1b Membership dues$5,000
VIII-1h Total contributions, gifts and grants$5,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $228,931$228,931
VIII-3 Investment income$0
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 $228,931$233,931
Part IX · Statement of functional expenses $126,667 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$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$4,966
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$20
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$104,920
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$475
IX-24 Other expenses (24a–d)$16,286
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$126,667
Part X · Balance sheet $216,438 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $107,768$216,438
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $107,768$216,438
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $107,768$216,438
X-32 Total net assets or fund balancesStart of year $107,768$216,438
X-33 Total liabilities and net assetsStart of year $107,768$216,438
Part XI · Reconciliation of net assets $216,438 net assets at year end
XI-1 Total revenue$233,931
XI-2 Total expenses$126,667
XI-3 Revenue less expenses$107,264
XI-4 Net assets at start of year$107,768
XI-8 Prior period adjustments$1,406
XI-10 Net assets at end of year$216,438

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

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