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Nonprofit · EIN 77-0277826

MANAGED FUNDS ASSOCIATION

Tax-exempt · WASHINGTON, DC 20004

Financials

$28M$27M2022$31.7M$31.1M2023$30.2M$30M2024
Revenue Expenses · by fiscal year end
Financials of MANAGED FUNDS ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$30,231,413$30,011,820$219,593$35,870,788$23,894,910$11,975,878
September 30, 2024990$31,707,591$31,053,135$654,456$37,124,683$25,248,927$11,875,756
September 30, 2023990$27,969,801$26,960,387$1,009,414$34,909,058$23,876,625$11,032,433
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$28,974,129
Investment income
$1,144,784
Other revenue
$112,500

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$8,041,636
Other salaries and wages
$8,183,394
Salaries, compensation and benefits (total)
$18,015,346
Professional fundraising fees
$0
Legal fees
$1,473,795
Accounting fees
$37,532
Occupancy
$1,277,880
Travel
$951,862
Depreciation
$252,525

Balance sheet and other

Total assets, start of year
$37,124,683
Total assets, end of year
$35,870,788
Total liabilities, end of year
$23,894,910
Net assets, end of year
$11,975,878
Land, buildings and equipment
$1,549,708
Net assets without donor restrictions
$11,975,878
Gross unrelated business income
$4,400
Gross receipts
$30,231,413
Employees
0
Volunteers
43
Year formed
1991
State of legal domicile
IL

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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
BRYAN CORBETTPRESIDENT & CEO
Officer
40$3,092,376$62,755
JENNIFER HANCHIEF LEGAL OFFICER
Officer
40$888,196$69,220
PETER DONOVANCOO
Officer
40$876,532$62,414
JILLIEN FLORESCHIEF ADVOCACY OFFICER
Officer
40$874,571$60,471
NOAH THERANHEAD OF GLOBAL EXTERNAL AFFAIRS
Officer
40$620,607$68,053
NORA RICHARDSONMD, MEMBERSHIP & INVESTOR SERVICES
Highest-paid employee
40$494,150$29,107
JEFFREY HIMSTREETVP & SR. COUNSEL, REG AFFAIRS
Highest-paid employee
40$366,622$74,937
MATTHEW DAIGLERVP & SR. COUNSEL, REG AFFAIRS
Highest-paid employee
40$405,798$15,933
AMY D'ANNUNZIOMD, SPONSORSHIPS & CONFERENCES
Highest-paid employee
40$389,091$28,339
ERIK JOHNSONVP, U.S. GOV'T AFFAIRS
Highest-paid employee
40$368,026$15,263
JODY GUNDERSONCHAIR
Trustee or director, Officer
2$0$0
DAVID ZIRINVICE CHAIR
Trustee or director, Officer
2$0$0
BARRY KNEESECRETARY & TREASURER
Trustee or director, Officer
2$0$0
DES ANDERSONELECTED DIRECTOR
Trustee or director
2$0$0
MARK BAILEYELECTED DIRECTOR
Trustee or director
2$0$0
38 more people on this return
NameTitleHours / weekCompensation
DARCY BRADBURYELECTED DIRECTOR
Trustee or director
2$0
BRIAN DOUGLASELECTED DIRECTOR
Trustee or director
2$0
SHAWN FAGANELECTED DIRECTOR
Trustee or director
2$0
ANDREW FISHMANELECTED DIRECTOR
Trustee or director
2$0
BRIAN GAVINELECTED DIRECTOR
Trustee or director
2$0
MATTHEW GILMARTINELECTED DIRECTOR
Trustee or director
2$0
REBECCA GINZBURGELECTED DIRECTOR
Trustee or director
2$0
JENNIFER GRAFELECTED DIRECTOR
Trustee or director
2$0
HEATHER HARRISELECTED DIRECTOR
Trustee or director
2$0
KRISTY KENNEDYELECTED DIRECTOR
Trustee or director
2$0
KRIS MASTRONARDIELECTED DIRECTOR
Trustee or director
2$0
MICHAEL MENDELSONELECTED DIRECTOR
Trustee or director
2$0
CHRIS PAPAGIANISELECTED DIRECTOR
Trustee or director
2$0
JAMIE RABOYELECTED DIRECTOR
Trustee or director
2$0
ROSE SHABETELECTED DIRECTOR
Trustee or director
2$0
ZION SHOHETELECTED DIRECTOR
Trustee or director
2$0
MATT SICLARIELECTED DIRECTOR
Trustee or director
2$0
JOHN SPINNEYELECTED DIRECTOR
Trustee or director
2$0
MARK SULLIVANELECTED DIRECTOR
Trustee or director
2$0
KERRY TYLERELECTED DIRECTOR
Trustee or director
2$0
NATHAN URQUHARTELECTED DIRECTOR
Trustee or director
2$0
TRACEY YURKOELECTED DIRECTOR
Trustee or director
2$0
ORLY AVIDANAPPOINTED DIRECTOR
Trustee or director
2$0
JEFF BOYDAPPOINTED DIRECTOR
Trustee or director
2$0
SCOTT CARPENTERAPPOINTED DIRECTOR
Trustee or director
2$0
DYLAN CURLEYAPPOINTED DIRECTOR
Trustee or director
2$0
ELIZABETH FRIESAPPOINTED DIRECTOR
Trustee or director
2$0
PHIL HANAPPOINTED DIRECTOR
Trustee or director
2$0
NATALIE HORTONAPPOINTED DIRECTOR
Trustee or director
2$0
SEBASTIEN MAILLEUXAPPOINTED DIRECTOR
Trustee or director
2$0
EAMON MCCOOEYAPPOINTED DIRECTOR
Trustee or director
2$0
PENNY NOVICKAPPOINTED DIRECTOR
Trustee or director
2$0
JAY PELLERAPPOINTED DIRECTOR
Trustee or director
2$0
LANCE ZINMANAPPOINTED DIRECTOR
Trustee or director
2$0
RON BISCARDINON-VOTING DIRECTOR
Trustee or director
2$0
ANDREW PALMERNON-VOTING DIRECTOR
Trustee or director
2$0
CARLOS RANGELNON-VOTING DIRECTOR
Trustee or director
2$0
ASH WILLIAMSNON-VOTING DIRECTOR
Trustee or director
2$0
990 for the year ended September 30, 2024: 49 people
NameTitleHours / weekCompensationOther / benefits
BRYAN CORBETTPRESIDENT & CEO
Officer
39.5$2,856,675$60,877
JENNIFER HANEVP, CHIEF COUNSEL, HEAD REG AFFAIRS
Officer
40$833,160$66,321
PETER DONOVANEVP, COO
Officer
40$834,939$59,991
JILLIEN FLORESEVP, HEAD OF US GOVERNMENT AFFAIRS
Officer
40$820,768$62,159
NOAH THERANGLOBAL HEAD OF COMMUNICATIONS
Officer
39.5$564,892$67,483
BROOKE HARLOWFORMER CHIEF COMMERICAL OFFICER
Former
40$505,471$1,019
NORA RICHARDSONVP, MEMBERSHIP & INV SERVS
Highest-paid employee
40$453,968$25,841
MATTHEW DAIGLERVP, REGULATORY AFFAIRS
Highest-paid employee
40$379,674$14,354
AMY D'ANNUNZIOMD, SPONSORSHIP & CONFERENCES
Highest-paid employee
40$353,126$28,348
ERIK JOHNSONVP, US GOVERNMENT RELATIONS
Highest-paid employee
40$353,792$14,407
RAPHAEL WILLIAMSVP, COMMUNICATIONS
Highest-paid employee
40$281,621$25,392
NATALIE BIRRELLCHAIR
Trustee or director, Officer
2$0$0
DAVID ZIRINVICE CHAIR
Trustee or director, Officer
2$0$0
NATALIE DEAK JAROSSECRETARY & TREASURER
Trustee or director, Officer
2$0$0
DES ANDERSONELECTED DIRECTOR
Trustee or director
2$0$0
MARK BAILEYELECTED DIRECTOR
Trustee or director
2$0$0
DARCY BRADBURYELECTED DIRECTOR
Trustee or director
2$0$0
JULIA DAILEYELECTED DIRECTOR
Trustee or director
2$0$0
BRUCE DARRINGERELECTED DIRECTOR
Trustee or director
2$0$0
BRIAN DOUGLASELECTED DIRECTOR
Trustee or director
2$0$0
ERIC EPSTEINELECTED DIRECTOR
Trustee or director
2$0$0
ANDREW FISHMANELECTED DIRECTOR
Trustee or director
2$0$0
BRIAN GAVINELECTED DIRECTOR
Trustee or director
2$0$0
REBECCA GINZBURGELECTED DIRECTOR
Trustee or director
2$0$0
JENNIFER GRAFELECTED DIRECTOR
Trustee or director
2$0$0
CHRIS HAYWARDELECTED DIRECTOR
Trustee or director
2$0$0
MICHAEL MENDELSONELECTED DIRECTOR
Trustee or director
2$0$0
CHRIS PAPAGIANISELECTED DIRECTOR
Trustee or director
2$0$0
TONY PAQUETTEELECTED DIRECTOR
Trustee or director
2$0$0
SHAILINI RAOELECTED DIRECTOR
Trustee or director
2$0$0
GIL RAVIVELECTED DIRECTOR
Trustee or director
2$0$0
ZION SHOHETELECTED DIRECTOR
Trustee or director
2$0$0
JOHN SPINNEYELECTED DIRECTOR
Trustee or director
2$0$0
MARK SULLIVANELECTED DIRECTOR
Trustee or director
2$0$0
TRACEY YURKOELECTED DIRECTOR
Trustee or director
2$0$0
JEFF BOYDAPPOINTED DIRECTOR
Trustee or director
2$0$0
BRIAN DALYAPPOINTED DIRECTOR
Trustee or director
2$0$0
ELIZABETH FRIESAPPOINTED DIRECTOR
Trustee or director
2$0$0
TIM GATELYAPPOINTED DIRECTOR
Trustee or director
2$0$0
PETER GREENEAPPOINTED DIRECTOR
Trustee or director
2$0$0
MIKE KELLEHERAPPOINTED DIRECTOR
Trustee or director
2$0$0
KENNY KINGAPPOINTED DIRECTOR
Trustee or director
2$0$0
EDOUARD MATITIA-COHENAPPOINTED DIRECTOR
Trustee or director
2$0$0
LOUIS MOLINARIAPPOINTED DIRECTOR
Trustee or director
2$0$0
ANDREW PALMERAPPOINTED DIRECTOR
Trustee or director
2$0$0
JAY PELLERAPPOINTED DIRECTOR
Trustee or director
2$0$0
TED POSTAPPOINTED DIRECTOR
Trustee or director
2$0$0
CARLOS RANGELAPPOINTED DIRECTOR
Trustee or director
2$0$0
CARL STEWARTAPPOINTED DIRECTOR
Trustee or director
2$0$0
990 for the year ended September 30, 2023: 52 people
NameTitleHours / weekCompensationOther / benefits
BRYAN CORBETTPRESIDENT & CEO
Officer
39.5$2,672,699$51,936
JILLIEN FLORESEVP, HEAD OF US GOVERNMENT AFFAIRS
Officer
40$710,175$51,526
JENNIFER HANEVP, CHIEF COUNSEL, HEAD REG AFFAIRS
Officer
40$700,645$54,722
PETER DONOVANEVP & MD, COO
Officer
40$661,160$53,398
NOAH THERANGLOBAL HEAD OF COMMUNICATIONS
Officer
39.5$487,360$54,311
BROOKE HARLOWCHIEF COMMERICAL OFFICER (THRU 12/22)
Officer
40$414,201$14,975
NORA RICHARDSONVICE PRESIDENT, MEMBERSHIP SERVICES
Highest-paid employee
40$388,257$24,593
MATTHEW DAIGLERVP, SR. COUNSEL, REGULATORY AFFAIRS
Highest-paid employee
40$313,544$12,153
AMY D'ANNUNZIOMANAGING DRTCR, CONFERENCE & EVENTS
Highest-paid employee
40$294,174$24,982
RYAN HEDGEPETHDIRECTOR, GOVERNMENT RELATIONS
Highest-paid employee
40$306,242$12,913
ANDREW SACHERDIRECTOR OF RESEARCH
Highest-paid employee
40$284,894$11,368
NATALIE BIRRELLCHAIR
Trustee or director, Officer
2$0$0
JIM ROWENVICE CHAIR (THRU 1/23)
Trustee or director, Officer
2$0$0
NATALIE DEAK JAROSSECRETARY & TREASURER
Trustee or director, Officer
2$0$0
DES ANDERSONELECTED DIRECTOR
Trustee or director
2$0$0
MARK BAILEYELECTED DIRECTOR
Trustee or director
2$0$0
SUSANNE CLARKELECTED DIRECTOR
Trustee or director
2$0$0
JULIA DAILEYELECTED DIRECTOR
Trustee or director
2$0$0
BRUCE DARRINGERELECTED DIRECTOR
Trustee or director
2$0$0
ERIC EPSTEINELECTED DIRECTOR
Trustee or director
2$0$0
SHAWN FAGANELECTED DIRECTOR
Trustee or director
2$0$0
ANDY GENSERELECTED DIRECTOR
Trustee or director
2$0$0
REBECCA GINZBURGELECTED DIRECTOR
Trustee or director
2$0$0
JODY GUNDERSONELECTED DIRECTOR
Trustee or director
2$0$0
CHRIS HAYWARDELECTED DIRECTOR
Trustee or director
2$0$0
JEREMY KATZELECTED DIRECTOR
Trustee or director
2$0$0
RORY MCGREGORELECTED DIRECTOR
Trustee or director
2$0$0
MICHAEL MENDELSONELECTED DIRECTOR
Trustee or director
2$0$0
JON MOSLEELECTED DIRECTOR
Trustee or director
2$0$0
TONY PAQUETTEELECTED DIRECTOR
Trustee or director
2$0$0
GIL RAVIVELECTED DIRECTOR
Trustee or director
2$0$0
SCOTT SCHROEDERELECTED DIRECTOR
Trustee or director
2$0$0
ZION SHOHETELECTED DIRECTOR
Trustee or director
2$0$0
JOHN SPINNEYELECTED DIRECTOR
Trustee or director
2$0$0
DEDE W WELLESELECTED DIRECTOR
Trustee or director
2$0$0
TRACEY YURKOELECTED DIRECTOR
Trustee or director
2$0$0
DAVID ZIRINELECTED DIRECTOR
Trustee or director
2$0$0
BRIAN DALYAPPOINTED DIRECTOR
Trustee or director
2$0$0
PAUL FLEMINGAPPOINTED DIRECTOR
Trustee or director
2$0$0
PETER GREENEAPPOINTED DIRECTOR
Trustee or director
2$0$0
MIKE KELLEHERAPPOINTED DIRECTOR
Trustee or director
2$0$0
KEVIN KELLYAPPOINTED DIRECTOR
Trustee or director
2$0$0
CINDY MAAPPOINTED DIRECTOR
Trustee or director
2$0$0
EDOUARD MATITIA-COHENAPPOINTED DIRECTOR
Trustee or director
2$0$0
LOUIS MOLINARIAPPOINTED DIRECTOR
Trustee or director
2$0$0
SCOTT MOSSAPPOINTED DIRECTOR
Trustee or director
2$0$0
PENNY NOVICKAPPOINTED DIRECTOR
Trustee or director
2$0$0
ANDREW PALMERAPPOINTED DIRECTOR
Trustee or director
2$0$0
TED POSTAPPOINTED DIRECTOR
Trustee or director
2$0$0
CARLOS RANGELAPPOINTED DIRECTOR
Trustee or director
2$0$0
CARL STEWARTAPPOINTED DIRECTOR
Trustee or director
2$0$0
ROB STONEAPPOINTED DIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
1301 PENNSYLVANIA AVE NW STE 350, WASHINGTON, DC 20004-1734
Principal officer (990 for 2024)
BRYAN CORBETT, 1301 PENNSYLVANIA AVE NW 350, WASHINGTON, DC 20004
Signed the 990
SHELLEY GUILEY, CHIEF ADMINISTRATION OFFICER
Phone
(202) 730-2600
Return prepared by
RSM US LLP

Mission

MANAGED FUNDS ASSOCIATION (MFA), BASED IN WASHINGTON, D.C., NEW YORK CITY, BRUSSELS, AND LONDON, REPRESENTS THE GLOBAL ALTERNATIVE ASSET MANAGEMENT INDUSTRY. MFA'S MISSION IS TO ADVANCE THE ABILITY OF ALTERNATIVE ASSET MANAGERS TO RAISE CAPITAL, INVEST IT, AND GENERATE RETURNS FOR THEIR BENEFICIARIES. MFA ADVOCATES ON BEHALF OF ITS MEMBERSHIP AND CONVENES STAKEHOLDERS TO ADDRESS GLOBAL REGULATORY, OPERATIONAL, AND BUSINESS ISSUES. MFA HAS MORE THAN 180 FUND MANAGER MEMBERS, INCLUDING TRADITIONAL HEDGE FUNDS, PRIVATE CREDIT FUNDS, AND HYBRID FUNDS, THAT EMPLOY A DIVERSE SET OF INVESTMENT STRATEGIES. MEMBER FIRMS HELP PENSION PLANS, UNIVERSITY ENDOWMENTS, CHARITABLE FOUNDATIONS, AND OTHER INSTITUTIONAL INVESTORS DIVERSIFY THEIR INVESTMENTS, MANAGE RISK, AND GENERATE ATTRACTIVE RETURNS THROUGHOUT THE ECONOMIC CYCLE.

990 for the year ended September 30, 2025

Program accomplishments

  • ADVOCACY: MFA ADVOCATES ON BEHALF OF ITS MEMBERSHIP AND CONVENES STAKEHOLDERS TO ADDRESS GLOBAL REGULATORY, OPERATIONAL, AND BUSINESS ISSUES.
  • EDUCATION: EACH YEAR, MFA HOLDS DOZENS OF CONFERENCES, FORUMS, AND OTHER EVENTS THAT GIVE OUR MEMBERS THE TOOLS AND INFORMATION THEY NEED TO THRIVE IN AN EVOLVING GLOBAL REGULATORY LANDSCAPE.
  • COMMUNICATION: THROUGH OUTREACH TO JOURNALISTS AND THOUGHT LEADERS, MFA INFORMS COVERAGE OF THE ALTERNATIVE ASSET MANAGEMENT INDUSTRY AND HIGHLIGHTS THE WORK OUR MEMBERS DO TO PROVIDE RETIREMENT SECURITY FOR WORKERS, CAPITAL FOR BUSINESSES, AND INCREASED RESOURCES FOR ENDOWMENTS AND FOUNDATIONS.
  • RESEARCH: MFA ADVANCES THE UNDERSTANDING OF THE ALTERNATIVE ASSET MANAGEMENT INDUSTRY AND POLICIES IMPACTING OUR MEMBERS' ABILITY TO SERVE THEIR INVESTORS THROUGH RESEARCH.

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
77-0277826
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1994
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$35,870,788
Income (IRS master file)
$30,231,413

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$30,231,413$30,011,820$35,870,788XML
990September 2024$31,707,591$31,053,135$37,124,683XML
990September 2023$27,969,801$26,960,387$34,909,058XML
990September 2022$24,366,769$25,185,826$32,149,048IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––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 77-0277826).

Questions about MANAGED FUNDS ASSOCIATION

What is the EIN of MANAGED FUNDS ASSOCIATION?
The employer identification number (EIN) of MANAGED FUNDS ASSOCIATION is 77-0277826.
Is MANAGED FUNDS ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
Are donations to MANAGED FUNDS ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MANAGED FUNDS 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 MANAGED FUNDS ASSOCIATION due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MANAGED FUNDS ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of MANAGED FUNDS ASSOCIATION?
The 990 for the year ended September 30, 2025 names BRYAN CORBETT.
Who are the officers and directors of MANAGED FUNDS ASSOCIATION?
The 990 for the year ended September 30, 2025 lists 53 people; 10 received compensation from the organization, the highest $3,092,376 (BRYAN CORBETT, PRESIDENT & CEO).
How much revenue does MANAGED FUNDS ASSOCIATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $30,231,413, expenses of $30,011,820 and total assets of $35,870,788 at year end.

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