North American Securities Administrators Association
North American Securities Administrators Association reported $23.1 million in revenue and $13.0 million in expenses for calendar year 2024. Of every $100 it spent, $68.77 went to program services, $31.23 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 79.4% of the total. The highest compensation it reported for one person was $586,854 (EXECUTIVE DIRECTOR). 15 people received more than $100,000 in reportable compensation. Revenue rose 168% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $23MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 68.8% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 31.2% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 15.1% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 79.4% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $586,854 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.51% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 15 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 41.6 | 6.8 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseIar continuing education ("iar ce"): investment adviser representative continuing education (iar ce) is a program managed by nasaa for relevant nasaa members that requires annual continuing education requirements and information for applicable investment adviser representatives. The nasaa membership approved a model rule that has since been adopted by many nasaa members requiring 12 credits of approved ce annually. The nasaa corporate office and its vendors manage the daily operations of the program
Other activities are organized throughout the year to provide education and collaborative opportunities to members who deal with securities regulation and enforcement matters. Among these activities, nasaa routinely provides new content for series 63, series 65 and series 66 examinations, which are owned by nasaa and are utilized in the financial services industry
Nasaa, under the leadership of its state securities regulator members, operates the electronic filing depository ("efd"). The efd system benefits from the oversight of the nasaa board of directors and subject matter expertise from the efd steering committee. Efd is an internet accessible database system that allows issuers to submit regulatory filings and pay related fees to state securities regulators. The filings that can be submitted through the efd managed functionality include form d for regulation d, rule 506 filings, form nf-uit filings, franchise registration filings, form nf-mutual…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $512,555 | $0 | $74,299 | $586,854 |
| GENERAL COUNSEL Highest compensated employee, 40.00 hrs/week | $293,615 | $0 | $79,805 | $373,420 |
| DIR. OF FINANCE AND OPERATIONS Officer, 40.00 hrs/week | $253,548 | $0 | $55,626 | $309,174 |
| DIR. OF EDU, EVENTS, AND MEMBERSHIP Highest compensated employee, 40.00 hrs/week | $206,454 | $0 | $58,904 | $265,358 |
| DEPUTY GENERAL COUNSEL Highest compensated employee, 40.00 hrs/week | $227,752 | $0 | $32,333 | $260,085 |
| DIR. OF POLICY AND GOVERNMENT AFFAIRS Highest compensated employee, 40.00 hrs/week | $197,889 | $0 | $36,065 | $233,954 |
| DIR. OF COMMUNICATIONS Highest compensated employee, 40.00 hrs/week | $202,830 | $0 | $28,467 | $231,297 |
15 people received more than $100,000 in reportable compensation from North American Securities Administrators Association (Part VII, line 2). Compensation of current officers, directors and key employees totaled $896K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 530
- Volunteers Part I, line 612
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| BREAKTHROUGH TECHNOLOGIES LLC Efd system services | $2,677,523 |
| PROMETRIC LLC Iarce and series exam prog. Admin. | $1,521,965 |
| SOFTWARE CONSULTING SERVICES LLC Efd software dev. And admin. | $734,327 |
| GLOBAL MEETING PARTNERS INC Audio visual services for events | $419,888 |
| AUDITBOARD INC Nemo software dev. And support | $284,321 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from North American Securities Administrators Association's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for North American Securities Administrators Association, you can publish a response that is linked from this page.
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Of every $100 North American Securities Administrators Association spent in 2024, $68.77 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Faculty Practice FoundationBoston, MA · revenue $23M · programs 72.5% · FY2025
- Futures Without ViolenceSan Francisco, CA · revenue $23M · programs 80.9% · 2025
- Mercy Health Oklahoma CommunitiesOklahoma City, OK · revenue $23M · programs 40.8% · FY2025
- Lao Family Community DevelopmentOakland, CA · revenue $23M · programs 67.1% · 2024
- Boone CenterSt Peters, MO · revenue $23M · programs 94.9% · FY2025
All unclassified charities · Largest charities in District of Columbia
Questions people ask
How much of North American Securities Administrators Association's spending goes to programs?
In calendar year 2024, North American Securities Administrators Association reported that 68.8% of its $13.0 million in expenses went to program services, 31.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does North American Securities Administrators Association pay its top executive?
The largest total compensation North American Securities Administrators Association reported for one person in calendar year 2024 was $586,854, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does North American Securities Administrators Association get its money?
Of $23.1 million in revenue in calendar year 2024, 15.1% came from contributions and grants and 79.4% from program service revenue (Form 990, Part VIII).
Is North American Securities Administrators Association a registered charity?
The IRS lists EIN 47-0730228 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202512519349300441 · read the filing
- 2023: Form 990 for calendar year 2023, object 202433049349301618 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303039349302230 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233019349301858 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133069349301723 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002969349300305 · read the filing
All filings for EIN 47-0730228: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.