Financial Technology Association
Educates and advocates for technology-centered financial services and modernized regulation. For fiscal year 2024 it reported $2.8M in revenue, $3.2M in expenses, and $-39K in net assets.Pt I
- Type
- Business league / trade association · Community Development
- Location
- Washington, DC
- Website
- www.ftassociation.org
- Filings
- 4 on file (2021–2024)
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Summary of the Filing
Where the work happens
Fta educated and informed policy-makers and the public on issues related to technology-centered financial services. It accomplished this through drafting a comprehensive white paper, comment letters, press releases, media relations, engaging policymakers, attending conferences, speaking on panels, and growing membership.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Penny Lee’s $808K as CEO/President is at the 99th percentile of top reported officer pay among 2834 $1–10M community development 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 · 5 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Penny Lee | $808,333 | $625,000 | $554,160 | $193,178 |
| Angelena Bradfield | $359,996 | — | — | — |
| Miranda Margowsky | $235,000 | — | — | — |
| Sarah Mamula | $149,551 | — | — | — |
| Samantha Russell | $128,500 | — | — | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 80% | — | — |
| Overhead ratio | 20% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 26% | — | — |
| Legal fee ratio | 6% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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