Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1994.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
50 people listed on the 990; $7.6M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Bryan Corbett | $3,092,376 | $2,856,675 | $2,672,699 | $2,491,296 | $940,390 | — |
| Richard Baker | — | — | — | — | — | $1,526,295 |
| Richard Baker Term 22020 | — | — | — | — | $940,770 | — |
| Jennifer Han | $888,196 | $833,160 | $700,645 | $517,790 | $458,432 | $392,589 |
| Peter Donovan | $876,532 | $834,939 | $661,160 | $629,670 | $624,529 | $589,753 |
| Jillien Flores | $874,571 | $820,768 | $710,175 | $433,873 | — | — |
| Brooke Harlow | — | $505,471 | $414,201 | $740,423 | $740,943 | $685,714 |
| Mark Epley | — | — | — | $140,680 | $659,997 | $623,334 |
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
Advocates for the global alternative investment industry by promoting sound public policies, sharing best practices, and educating the public on hedge funds' economic contributions.
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Communication
Through outreach to journalists and thought leaders, mfa informs coverage of the alternative investments industry and highlights the work our members do to provide retirement security for workers, capital for businesses, and increased resources for endowments and foundations.
Advocacy
Mfa promotes public policies that foster efficient, transparent and fair capital markets. With input from our members, mfa works constructively with policymakers to help inform the legislative and regulatory processes.
Education
Each year mfa holds dozens of conferences, forums and other events that give our members the tools and information they need to thrive in an evolving global regulatory landscape.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $19.4M | $23.0M |
| Land, buildings, equipmentLn 10c | $598K | $423K |
| Total assetsLn 16 | $21.2M | $24.7M |
| LiabilitiesLn 26 | $9.9M | $13.9M |
| Net assetsLn 32 | $11.3M | $10.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $6.3M | |||
| Other salaries and wagesLn 7 | $4.1M | |||
| Pension plan contributionsLn 8 | $127K | |||
| Other employee benefitsLn 9 | $252K | |||
| Payroll taxesLn 10 | $472K | |||
| Legal feesLn 11b | $1.1M | |||
| Accounting feesLn 11c | $31K | |||
| Lobbying feesLn 11d | $3.5M | |||
| Investment management feesLn 11f | $33K | |||
| Other fees for servicesLn 11g | $827K | |||
| Advertising and promotionLn 12 | $637K | |||
| Office expensesLn 13 | $461K | |||
| Information technologyLn 14 | $467K | |||
| OccupancyLn 16 | $1.2M | |||
| TravelLn 17 | $103K | |||
| Conferences, conventions and meetingsLn 19 | $1.1M | |||
| Depreciation, depletion and amortizationLn 22 | $280K | |||
| InsuranceLn 23 | $32K | |||
| Other expenses (24a–d)Ln 24 | $468K | |||
| All other expensesLn 24e | $24K | |||
| Total functional expensesLn 25 | $21.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $31.7M | $31.1M | $654K | $11.9M | 990 PDF |
| FY2023 | $28.0M | $27.0M | $1.0M | $11.0M | 990 PDF |
| FY2022 | $24.4M | $25.2M | −$819K | $9.9M | 990 PDF |
| FY2021 Viewing | $21.2M | $21.6M | −$399K | $10.9M | 990 PDF |
| FY2020 | $19.9M | $20.8M | −$921K | $11.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $21,179,776 across 4 lines filed
Part IX · Statement of functional expenses $21,578,744 across 20 lines filed
Part X · Balance sheet $24,735,968 assets, 14 lines filed
Part XI · Reconciliation of net assets $10,872,943 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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