Nonprofit · EIN 13-6130873
INVESTMENT ADVISER ASSOCIATION
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,207,863 | $7,475,793 | -$267,930 | $10,048,217 | $7,121,645 | $2,926,572 |
| December 31, 2023 | 990 | $6,862,509 | $7,114,955 | -$252,446 | $10,400,041 | $7,303,509 | $3,096,532 |
| December 31, 2022 | 990 (amended) | $6,808,451 | $6,960,922 | -$152,471 | $8,563,658 | $5,316,396 | $3,247,262 |
| December 31, 2021 | 990 (amended) | $5,665,058 | $6,225,415 | -$560,357 | $7,311,735 | $3,691,237 | $3,620,498 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,003,410
- Investment income
- $181,295
- Other revenue
- $23,158
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,108,196
- Other salaries and wages
- $3,288,049
- Salaries, compensation and benefits (total)
- $5,337,600
- Professional fundraising fees
- $0
- Legal fees
- $91,533
- Accounting fees
- $22,287
- Occupancy
- $366,247
- Travel
- $15,125
- Depreciation
- $156,062
Balance sheet and other
- Total assets, start of year
- $10,400,041
- Total assets, end of year
- $10,048,217
- Total liabilities, end of year
- $7,121,645
- Net assets, end of year
- $2,926,572
- Land, buildings and equipment
- $432,226
- Publicly traded securities
- $5,143,110
- Net assets without donor restrictions
- $2,926,572
- Gross receipts
- $7,207,863
- Employees
- 26
- Volunteers
- 500
- Year formed
- 1937
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Karen L Barr | President & CEO Officer | 40 | $511,333 | $90,106 |
| Gail C Bernstein | Secretary & General Counsel Officer | 40 | $442,533 | $64,224 |
| Laura Grossman | Associate General Counsel Highest-paid employee | 40 | $281,033 | $64,655 |
| Monique Botkin | Associate General Counsel Highest-paid employee | 40 | $284,033 | $43,661 |
| Neil Simon | VP, Government Relations Highest-paid employee | 40 | $287,533 | $34,198 |
| William Nelson | Associate General Counsel Highest-paid employee | 40 | $269,221 | $37,354 |
| Sanjay Lamba | Associate General Counsel Highest-paid employee | 40 | $276,033 | $29,085 |
| Alison Baur | Chair Trustee or director, Officer | 5 | $0 | $0 |
| Yvette Garcia | Past Chair Trustee or director, Officer | 5 | $0 | $0 |
| R Kelly Williams | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Geoffrey Alexander | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Rebekah Kohmescher | Board Member Trustee or director | 2 | $0 | $0 |
| Laura Drynan | Board Member Trustee or director | 2 | $0 | $0 |
| Peter Tuz | Board Member Trustee or director | 2 | $0 | $0 |
| Randy Conner | Board Member Trustee or director | 2 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carlotta King | Board Member Trustee or director | 2 | $0 |
| James Febeo | Board Member Trustee or director | 2 | $0 |
| Bill Roberts | Board Member Trustee or director | 2 | $0 |
| Rana Wright | Board Member Trustee or director | 2 | $0 |
| Maureen Quigley | Board Member Trustee or director | 2 | $0 |
| Steven Wilkes | Board Member Trustee or director | 2 | $0 |
| Robert Mairs | Board Member Trustee or director | 2 | $0 |
| Catherine Halberstadt | Board Member Trustee or director | 2 | $0 |
| Christine Morgan | Board Member Trustee or director | 2 | $0 |
| Melissa Carlucci | Board Member Trustee or director | 2 | $0 |
| Bret Hester | Board Member Trustee or director | 2 | $0 |
| Benjamin Alden | Board Member Trustee or director | 2 | $0 |
| Gwen Reinke | Board Member Trustee or director | 2 | $0 |
| Jeff Schweon | Board Member Trustee or director | 2 | $0 |
| Sonia Kowal | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Karen L Barr | President & CEO Officer | 40 | $496,546 | $86,684 |
| Gail C Bernstein | Secretary & General Counsel Officer | 40 | $429,080 | $65,361 |
| Laura Grossman | Associate General Counsel Highest-paid employee | 40 | $272,080 | $60,944 |
| Monique Botkin | Associate General Counsel Highest-paid employee | 40 | $275,080 | $43,100 |
| Neil Simon | VP, Government Relations Highest-paid employee | 40 | $279,580 | $33,627 |
| Sanjay Lamba | Associate General Counsel Highest-paid employee | 40 | $267,580 | $28,947 |
| William Nelson | Associate General Counsel Highest-paid employee | 40 | $256,080 | $35,827 |
| Alison Baur | Chair, Board Member Trustee or director, Officer | 5 | $0 | $0 |
| Yvette Garcia | Past Chair Trustee or director, Officer | 5 | $0 | $0 |
| Joan Giardina | Treasurer,Board Member Trustee or director, Officer | 5 | $0 | $0 |
| Geoffrey Alexander | Vice Chair, Board Member Trustee or director, Officer | 5 | $0 | $0 |
| Rebekah Kohmescher | Board Member Trustee or director | 2 | $0 | $0 |
| R Kelly Williams | Board Member Trustee or director | 2 | $0 | $0 |
| Laura Drynan | Board Member Trustee or director | 2 | $0 | $0 |
| Peter Tuz | Board Member Trustee or director | 2 | $0 | $0 |
| Randy Conner | Board Member Trustee or director | 2 | $0 | $0 |
| Carlotta King | Board Member Trustee or director | 2 | $0 | $0 |
| James Febeo | Board Member Trustee or director | 2 | $0 | $0 |
| William Roberts | Board Member Trustee or director | 2 | $0 | $0 |
| Rana Wright | Board Member Trustee or director | 2 | $0 | $0 |
| Maureen Quigley | Board Member Trustee or director | 2 | $0 | $0 |
| Steven Wilkes | Board Member Trustee or director | 2 | $0 | $0 |
| Robert Mairs | Board Member Trustee or director | 2 | $0 | $0 |
| Catherine Halberstadt | Board Member Trustee or director | 2 | $0 | $0 |
| Christine Morgan | Board Member Trustee or director | 2 | $0 | $0 |
| Bret Hester | Board Member Trustee or director | 2 | $0 | $0 |
| Benjamin Alden | Board Member Trustee or director | 2 | $0 | $0 |
| Gwen Reinke | Board Member Trustee or director | 2 | $0 | $0 |
| Jeff Schweon | Board Member Trustee or director | 2 | $0 | $0 |
| Sonia Kowal | Board Member Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2022: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Karen L Barr | President & CEO Officer | 40 | $484,314 | $78,510 |
| Gail C Bernstein | Secretary & General Counsel Officer | 40 | $420,148 | $85,662 |
| Laura Grossman | Associate General Counsel Highest-paid employee | 40 | $266,531 | $56,737 |
| Monique Botkin | Associate General Counsel Highest-paid employee | 40 | $269,636 | $40,161 |
| Neil Simon | VP, Government Relations Highest-paid employee | 40 | $273,328 | $32,787 |
| Sanjay Lamba | Associate General Counsel Highest-paid employee | 40 | $260,873 | $27,996 |
| William Nelson | Associate General Counsel Highest-paid employee | 40 | $252,148 | $33,904 |
| Yvette Garcia | Chair/Board member Trustee or director, Officer | 5 | $0 | $0 |
| Alison Baur | Vice Chair/Board member Trustee or director, Officer | 5 | $0 | $0 |
| Joan Giardina | Treasurer/Board member Trustee or director, Officer | 5 | $0 | $0 |
| Burnie Sparks | Board member Trustee or director | 2 | $0 | $0 |
| Steven Wilkes | Board member Trustee or director | 2 | $0 | $0 |
| Rana Wright | Board member Trustee or director | 2 | $0 | $0 |
| Benjamin Alden | Board member Trustee or director | 2 | $0 | $0 |
| James Febeo | Board member Trustee or director | 2 | $0 | $0 |
| Catherine Halberstadt | Board member Trustee or director | 2 | $0 | $0 |
| Randy Conner | Board member Trustee or director | 2 | $0 | $0 |
| Rebekah Kohmescher | Board member Trustee or director | 2 | $0 | $0 |
| Gwen Reinke | Board member Trustee or director | 2 | $0 | $0 |
| Peter Tuz | Board member Trustee or director | 2 | $0 | $0 |
| Geoffrey Alexander | Board member Trustee or director | 2 | $0 | $0 |
| Mason King | Board member Trustee or director | 2 | $0 | $0 |
| Charles Mahar | Board member Trustee or director | 2 | $0 | $0 |
| Christine Morgan | Board member Trustee or director | 2 | $0 | $0 |
| Jeff Schweon | Board member Trustee or director | 2 | $0 | $0 |
| R Kelly Williams | Board member Trustee or director | 2 | $0 | $0 |
| Laura Drynan | Board member Trustee or director | 2 | $0 | $0 |
| Bret Hester | Board member Trustee or director | 2 | $0 | $0 |
| T Williams Bill Roberts III | Board member Trustee or director | 2 | $0 | $0 |
| Drew Bowden | Past Chair Officer | 5 | $0 | $0 |
990 for the year ended December 31, 2021: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Karen L Barr | President & CEO Officer | 40 | $485,384 | $73,064 |
| Gail C Bernstein | Secretary & General Counse Officer | 40 | $403,648 | $77,931 |
| Laura Grossman | Associate General Counsel Highest-paid employee | 40 | $258,148 | $56,156 |
| Monique Botkin | Associate General Counsel Highest-paid employee | 40 | $261,148 | $38,606 |
| Sarah Buescher | Associate General Counsel Highest-paid employee | 40 | $259,648 | $27,417 |
| Sanjay Lamba | Associate General Counsel Highest-paid employee | 40 | $252,648 | $26,717 |
| Neil A Simon | VP, Government Relations Highest-paid employee | 40 | $264,648 | $4,970 |
| Christine Carsman | Chair/Board member Trustee or director, Officer | 5 | $0 | $0 |
| Yvette Garcia | Vice Chair/Board member Trustee or director, Officer | 5 | $0 | $0 |
| Jane Williams | Past Chair/Board member Trustee or director, Officer | 3 | $0 | $0 |
| Burnie Sparks | Treasurer/Board member Trustee or director, Officer | 3 | $0 | $0 |
| Richard Adler | Board member Trustee or director | 2 | $0 | $0 |
| Geoffrey Alexander | Board member Trustee or director | 2 | $0 | $0 |
| Joan Giardina | Board member Trustee or director | 2 | $0 | $0 |
| Richard Hough | Board member Trustee or director | 2 | $0 | $0 |
| Steven Wilkes | Board member Trustee or director | 2 | $0 | $0 |
| Rana Wright | Board member Trustee or director | 2 | $0 | $0 |
| Benjamin Alden | Board member Trustee or director | 2 | $0 | $0 |
| James Febeo | Board member Trustee or director | 2 | $0 | $0 |
| Catherine Halberstadt | Board member Trustee or director | 2 | $0 | $0 |
| Gwen Reinke | Board member Trustee or director | 2 | $0 | $0 |
| Peter Tuz | Board member Trustee or director | 2 | $0 | $0 |
| Alison Baur | Board member Trustee or director | 2 | $0 | $0 |
| Mason King | Board member Trustee or director | 2 | $0 | $0 |
| Charles Mahar | Board member Trustee or director | 2 | $0 | $0 |
| Christine Morgan | Board member Trustee or director | 2 | $0 | $0 |
| Jeff Schweon | Board member Trustee or director | 2 | $0 | $0 |
| R Kelly Williams | Board member Trustee or director | 2 | $0 | $0 |
| Laura Drynan | Board member Trustee or director | 2 | $0 | $0 |
| Bret Hester | Board member Trustee or director | 2 | $0 | $0 |
| T Williams Bill Roberts III | Board member Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 818 CONNECTICUT AVE NW SUITE 60, WASHINGTON, DC 20006-2702
- Principal officer (990 for 2024)
- Karen L Barr, 818 Connecticut Avenue NW 600, Washington, DC 20006
- Signed the 990
- Karen L Barr, President & CEO
- Phone
- (202) 293-4222
- Website
- www.investmentadviser.org
- Return prepared by
- Rogers & Company PLLC
Mission
To be the leading industry organization: A. Promoting high standards of fiduciary duty, integrity, public responsibility, and competence in the investment advisory profession. B. Providing effective, quality representation of the investment advisory profession with respect to the development, formulation, and enactment of legislation, regulations, and other policies relating to investment advisers. C. Offering benefits, services, and resources that assist and add value for member firms.
Program accomplishments
- Advocacy - IAA works closely with policy makers on every issue that directly affects investment advisers, and represents the interests of investment advisers on Capitol Hill, working with members of Congress and their staffs to educate them about relevant issues and concerns. The IAA regularly comments on rule changes proposed by the SEC, Department of Labor, other Federal and State agencies, and international regulators that directly affect the investment adviser industry and the IAA membership.
- Compliance - The IAA serves as a resource for all IAA member firms. Our staff responds to hundreds of requests for information each year from IAA members on a wide variety of regulatory and compliance issues. In addition, the IAA provides extensive online compliance and regulatory materials, located in a members only section of the website.
- Education - The IAA is a source of educational materials and programs, tailored to address specific issues affecting the investment adviser community. The IAA sponsors a wide range of workshops, conferences, webinars and networking events. These IAA-sponsored events address business, management, compliance, operations, technology, and other relevant issues. The IAA also publishes various reports and surveys each year.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-6130873
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1948
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $10,048,217
- Income (IRS master file)
- $7,207,863
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,207,863 | $7,475,793 | $10,048,217 | XML |
| 990 | December 2023 | $6,862,509 | $7,114,955 | $10,400,041 | XML |
| 990 | December 2022 | $6,808,451 | $6,960,922 | $8,563,658 | XML |
| 990 | December 2021 | $5,665,058 | $6,225,415 | $7,311,735 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-6130873).
Questions about INVESTMENT ADVISER ASSOCIATION
- What is the EIN of INVESTMENT ADVISER ASSOCIATION?
- The employer identification number (EIN) of INVESTMENT ADVISER ASSOCIATION is 13-6130873.
- Is INVESTMENT ADVISER ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1948.
- Are donations to INVESTMENT ADVISER ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INVESTMENT ADVISER ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INVESTMENT ADVISER ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INVESTMENT ADVISER ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INVESTMENT ADVISER ASSOCIATION?
- The 990 for the year ended December 31, 2024 names Karen L Barr.
- Who are the officers and directors of INVESTMENT ADVISER ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 30 people; 7 received compensation from the organization, the highest $511,333 (Karen L Barr, President & CEO).
- How much revenue does INVESTMENT ADVISER ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,207,863, expenses of $7,475,793 and total assets of $10,048,217 at year end.
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