Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2020.
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; $1.3M paid to officers and key staff.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| A Duer Meehan | $617,612 | $756,953 | $574,034 | $542,211 | $641,580 |
| David Yacono | $471,284 | $449,948 | $445,214 | $426,688 | $429,008 |
| Michael Simon | — | — | $254,985 | $198,390 | $233,463 |
| Brandon Becker Eff 21423 | — | $139,370 | — | — | — |
| Brandon Becker | $134,984 | — | — | — | — |
| Michael Simon Eff 21423 | — | $82,622 | — | — | — |
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
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Questions for Consolidated Audit Trail LLC
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Development of software. As of 12/31/20, completion of milestone 5.2.6 for industry member 2a - (equities) file submission and data integrity (including error correction) - go-live and completion of milestone 5.5.5 for industry member full 2a equities go-live (all linkage incl. 2a3 - inter-firm and 2a4 - exchange and TRF).
Development of software. As of 12/31/20, start of 5.2.4 milestone for industry member - industry test, including reporting relationships, ats order type management, basic reporting statistics, SFTP data integrity feedback, and error correction.
Development of software. As of 12/31/20, completion of 4.3.7 for options linkage release 3 go live.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $6.4M |
| Total assetsLn 16 | $16.4M | $35.9M |
| LiabilitiesLn 26 | $33.7M | $137.3M |
| Net assetsLn 32 | −$17.3M | −$101.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Legal feesLn 11b | $6.5M | |||
| Accounting feesLn 11c | $188K | |||
| Other fees for servicesLn 11g | $419K | |||
| Information technologyLn 14 | $71.1M | |||
| Depreciation, depletion and amortizationLn 22 | $4.0M | |||
| InsuranceLn 23 | $967K | |||
| Other expenses (24a–d)Ln 24 | $1.4M | |||
| Total functional expensesLn 25 | $84.5M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $359.5M | $214.2M | $145.2M | −$484.3M | 990 PDF |
| FY2023 | $0 | $195.4M | −$195.4M | −$629.5M | 990 PDF |
| FY2022 | $0 | $186.4M | −$186.4M | −$434.2M | 990 PDF |
| FY2021 | $0 | $146.5M | −$146.5M | −$247.8M | 990 PDF |
| FY2020 Viewing | $433K | $84.5M | −$84.1M | −$101.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $433,209 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 3 to look at
Part VIII · Statement of revenue $433,209 across 3 lines filed
Part IX · Statement of functional expenses $84,538,619 across 7 lines filed
Part X · Balance sheet $35,903,805 assets, 10 lines filed
Part XI · Reconciliation of net assets −$101,373,668 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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