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Nonprofit · EIN 99-3982029

INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS

Tax-exempt · FT WASHINGTON, PA 19034

Financials

$821K$524K2024$2.3M$1.8M2025
Revenue Expenses · by fiscal year end
Financials of INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,288,454$1,760,732$527,722$2,179,869$1,355,211$824,658
December 31, 2024990$820,903$523,967$296,936$1,301,655$1,004,719$296,936
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$753,500
Membership dues
$753,500
Program service revenue
$1,534,954
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$418,095
Other salaries and wages
$213,229
Salaries, compensation and benefits (total)
$755,537
Professional fundraising fees
$0
Legal fees
$220,623
Accounting fees
$31,886
Travel
$34,723
Program services (functional)
$1,079,475
Management and general (functional)
$681,257

Balance sheet and other

Total assets, start of year
$1,301,655
Total assets, end of year
$2,179,869
Total liabilities, end of year
$1,355,211
Net assets, end of year
$824,658
Gross receipts
$2,288,454
Employees
0
Volunteers
0
Year formed
2024
State of legal domicile
DE

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, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Francis GarrittPresident CEO
Trustee or director, Officer
60$418,095$61,434
Mark WhippleChair
Trustee or director
2$0$0
Justin AldridgeVice Chair
Trustee or director
2$0$0
Ina Budh-RajaBoard Member
Trustee or director
2$0$0
Christel CarrollSecretary
Trustee or director
2$0$0
Brooke GillmanBoard Member
Trustee or director
2$0$0
Michael McAuleyBoard Member
Trustee or director
2$0$0
Tamela MerriweatherBoard Member
Trustee or director
2$0$0
Tom PoppeyTreasurer
Trustee or director
2$0$0
George RennickBoard Member
Trustee or director
2$0$0
Anthony ToscanoTreasurer
Trustee or director
2$0$0
Philip WinterBoard Member
Trustee or director
2$0$0
Alessandro CozzaniBoard Member
Trustee or director
2$0$0
Glenn HornerBoard Member
Trustee or director
2$0$0
Steven SchneiderBoard Member
Trustee or director
2$0$0
990 for the year ended December 31, 2024: 13 people
NameTitleHours / weekCompensationOther / benefits
Francis GarrittPresident CEO
Officer
60$184,071$13,497
Mark WhippleChair
Trustee or director
2$0$0
Justin AldridgeVice Chair
Trustee or director
2$0$0
Ina BudhRajaBoard Member
Trustee or director
2$0$0
Christel CarrollBoard Member
Trustee or director
2$0$0
Brooke GillmanBoard Member
Trustee or director
2$0$0
Glenn HornerBoard Member
Trustee or director
2$0$0
Michael McAuleyBoard Member
Trustee or director
2$0$0
Tamela MerriweatherBoard Member
Trustee or director
2$0$0
Tom PoppeyTreasurer
Trustee or director
2$0$0
George RennickBoard Member
Trustee or director
2$0$0
Anthony ToscanoTreasurer
Trustee or director
2$0$0
Philip WinterBoard Member
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
500 OFFICE CENTER DR STE 400, FT WASHINGTON, PA 19034-3234
In care of
% FRAN GARRITT
Principal officer (990 for 2025)
FRAN GARRITT, 500 OFFICE CENTER DR STE 400, FORT WASHINGTON, PA 19034
Signed the 990
Francis Garritt, CEO
Phone
(215) 815-2400
Return prepared by
ProGrowth CFO LLC

Mission

ISLA Americas is a non-profit industry association presently representing the common interests of securities lending firms in the Americas region namely institutional investors asset managers investment banks investment banks and custodial banks.

990 for the year ended December 31, 2025

Program accomplishments

  • The ISLA Americas Securities Finance Conference is a key event uniting securities lending and financing market players from the Americas. It provides a platform for industry experts such as institutional investors asset managers custodial banks and prime brokers to collaborate and influence the future of the securities lending sector.
    Expenses $1,079,475 · revenue $1,534,954

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
99-3982029
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,179,869
Income (IRS master file)
$2,288,454

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,288,454$1,760,732$2,179,869IRS
990December 2024$820,903$523,967$1,301,655IRS

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 99-3982029).

Questions about INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS

What is the EIN of INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS?
The employer identification number (EIN) of INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS is 99-3982029.
Is INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2025.
Are donations to INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS 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 INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS?
The 990 for the year ended December 31, 2025 names FRAN GARRITT.
Who are the officers and directors of INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS?
The 990 for the year ended December 31, 2025 lists 15 people; 1 received compensation from the organization, the highest $418,095 (Francis Garritt, President CEO).
How much revenue does INTERNATIONAL SECURITIES LENDING ASSOCIATION AMERICAS have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,288,454, expenses of $1,760,732 and total assets of $2,179,869 at year end.

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