Committee On Capital Markets Regulation Inc
- Assets
- $4.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Cambridge, MA
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 30-0406260
Organization Overview
Committee On Capital Markets Regulation Inc is located in Cambridge, MA. The organization was established in 2007. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Committee On Capital Markets Regulation Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Committee On Capital Markets Regulation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Committee On Capital Markets Regulation Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RESEARCH AND ADDRESS SPECIFIC ISSUES AFFECTING THE REGULATION OF U.S. CAPITAL MARKETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMITTEE ON CAPITAL MARKETS REGULATION, INC. IS AN INDEPENDENT AND NONPARTISAN RESEARCH ORGANIZATION DEDICATED TO IMPROVING THE REGULATION OF U.S. CAPITAL MARKETS. THE COMMITTEE'S RESEARCH PROVIDES POLICYMAKERS WITH A NONPARTISAN EMPIRICAL FOUNDATION FOR PUBLIC POLICY AS WELL AS EDUCATES THE PUBLIC ON THESE ISSUES. IN 2021, THE COMMITTEE RELEASED SEVEN MAJOR REPORTS, INCLUDING ON: (1) ASSESSING THE FUTURE OF U.S. LISTINGS BY CHINESE COMPANIES: A CALL FOR STRUCTURED DIALOGUE (OCT. 2021); (2) REVISING THE FRAMEWORK FOR NON-BANK EMERGENCY LENDING (SEPT. 2021); (3) BANK STRESS TESTING & UNDERSERVED BORROWERS (SEPT. 2021); (4) PANDEMIC BUSINESS INTERRUPTION INSURANCE (JULY 2021); (5) CREDIT RATING AGENCIES DURING COVID-19 (JUNE 2021); (6) MONEY MARKET FUNDS AND 2020 COVID CRISIS (MAY 2021); AND (7) U.S. TREASURY MARKET DURING THE COVID CRISIS (MARCH 2021). THE EXPENSES ASSOCIATED WITH THESE REPORTS WERE LIKELY IN THE RANGE OF $500,000.THE COMMITTEE ALSO RELEASED FOUR STATEMENTS, INCLUDING ON: (1) RETAIL INVESTORS AND SPACS (OCT. 2021); (2) THE ADMINISTRATIVE PROCEDURE ACT AND BANKING SUPERVISION (SEPT. 2021); (3) ENHANCING U.S. EQUITY MARKET STRUCTURE FOR RETAIL INVESTORS (SEPT. 2021); AND (4) THE SEC STAFF'S NON-ENFORCEMENT OF PROXY ADVISOR REGULATIONS (JULY 2021). IN ADDITION TO ITS MAJOR REPORTS AND STATEMENTS, THE COMMITTEE UPDATED ITS ANNUAL ANALYSIS MONETARY SANCTIONS IMPOSED BY U.S. ENFORCEMENT AGENCIES, SUBMITTED TWO COMMENT LETTERS TO THE SEC, AND SUBMITTED ONE COMMENT LETTER TO THE FTC. THE COMMITTEE ALSO PREPARED COMMENT LETTER ON THE SEC'S SECURITIES LENDING PROPOSAL THAT WAS ULTIMATELY SUBMITTED IN EARLY JANUARY 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hal S Scott President/director | OfficerTrustee | 30 | $625,000 |
John A Gulliver Executive Director | Officer | 30 | $385,666 |
Jon Ondrejko Sr. Research Fellow | 50 | $164,973 | |
Megan Vasios Deputy Director | 25 | $118,132 | |
Janelle Schlossberger Sr. Research Fellow | 50 | $105,498 | |
Jacqueline Mccabe Vp/secretary | Officer | 20 | $70,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,658,850 |
| Noncash contributions included in lines 1a–1f | $50,850 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,658,850 |
| Total Program Service Revenue | $35,563 |
| Investment income | $23,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,416 |
| Net Gain/Loss on Asset Sales | $10,649 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,780,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,170,502 |
| Compensation of current officers, directors, key employees. | $245,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $627,371 |
| Pension plan accruals and contributions | $17,220 |
| Other employee benefits | $34,013 |
| Payroll taxes | $94,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,045 |
| Fees for services: Accounting | $39,476 |
| Fees for services: Lobbying | $3,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,752 |
| Fees for services: Other | $267,767 |
| Advertising and promotion | $0 |
| Office expenses | $39,053 |
| Information technology | $9,513 |
| Royalties | $0 |
| Occupancy | $209,745 |
| Travel | $16,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,581 |
| Insurance | $17,177 |
| All other expenses | $528 |
| Total functional expenses | $2,564,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,719 |
| Savings and temporary cash investments | $1,858,618 |
| Pledges and grants receivable | $450,000 |
| Accounts receivable, net | $179,040 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $245,737 |
| Net Land, buildings, and equipment | $56,987 |
| Investments—publicly traded securities | $1,536,428 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,843 |
| Total assets | $4,672,372 |
| Accounts payable and accrued expenses | $74,908 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $180,163 |
| Total liabilities | $255,071 |
| Net assets without donor restrictions | $4,407,301 |
| Net assets with donor restrictions | $10,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,672,372 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Committee On Capital Markets Regulation Inc has recieved totaling $62,000.
| Awarding Organization | Amount |
|---|---|
American Property Casualty Insurance Association Chicago, IL PURPOSE: GENERAL SUPPORT | $50,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $10,000 |
The Ashurst Foundation Boston, MA PURPOSE: TO SUPPORT ORG'S TAX-EXEMPT PURPOSES | $2,000 |
Endowment Analysis
| Beg. Balance | $19,445 |
| Other Expense | $19,445 |
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|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Together Education Inc New York, NY | $57,079,543 | $31,828,853 |
St Stephens School Corporation New York, NY | $22,745,119 | $12,506,958 |
Aids Community Resources Syracuse, NY | $5,910,589 | $11,647,992 |