Securities Investor Protection Corporation

Washington, DC
Tax-exempt since June 1971
EIN: 52-0910763

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Type of Nonprofit

Designated as a 501(c)6 Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Provided first-class or charter travel

Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

Revenue

$464M (2022)

Expenses

$130M (2022)

Total Assets

$4.24B (2022)

Total Liabilities

$691M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$463,655,966

Expenses

$130,204,129

Net Income

$333,451,837

Net Assets

$3,546,820,358

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$463,655,966	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,400,253	3.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,780,399	5.2%

Assets/Debt
Total Assets	$4,237,761,857
Total Liabilities	$690,941,499
Net Assets	$3,546,820,358

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Kenneth J Caputo (General Counsel & Sec'y (Thru 06/22))	$1,285,317	$0	$451,502
Josephine Wang (President & Ceo)	$1,063,691	$0	-$701,957
Charles E Glover (Vice President Finance)	$624,362	$0	-$968,053
Karen L Saperstein (Vice President Operations)	$457,015	$0	-$69,604
Hemant Sharma (Deputy General Counsel)	$377,641	$0	-$494,946
Christopher H Larosa (Sr. Assoc. Gc Litigation)	$369,921	$0	-$259,522
Abraham L Wons (Director Risk Management)	$364,858	$0	$20,348
Kevin H Bell (Sr. Assoc. Gc Dispute Res)	$364,053	$0	-$588,555
Timothy W Timanus (Asst. Vice Pres. Operations)	$314,541	$0	-$86,275
Michael L Post (General Counsel & Sec'y (Beg 09/22))	$246,059	$0	$73,649
William S Jasien (Director)	$20,000	$0	$0
Claudia Slacik (Chair Of Board (Beg 02/22))	$18,667	$0	$0
Gregory S Karawan (Director (Thru 12/22))	$12,000	$0	$0
Anthony D'agostino (Director (Thru 05/22))	$7,714	$0	$0
Glen Fukushima (Vice Chair Of Board (Beg 04/22))	$5,769	$0	$0
William Brodsky (Director (Beg 05/22))	$4,286	$0	$0
Alan J Patricof (Director (Beg 12/22))	$0	$0	$0
Daniel M Covitz (Director)	$0	$0	$0
W Moses Kim (Director)	$0	$0	$0

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990

Filed on June 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$520,971,678

Expenses

$259,967,770

Net Income

$261,003,908

Net Assets

$3,667,597,111

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$520,971,678	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,034,695	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,497,067	2.5%

Assets/Debt
Total Assets	$4,382,745,297
Total Liabilities	$715,148,186
Net Assets	$3,667,597,111

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Josephine Wang (President & Ceo)	$1,438,372	$0	$152,664
Kenneth J Caputo (General Counsel & Sec'y)	$941,185	$0	-$62,172
Charles E Glover (Vice President Finance)	$603,448	$0	-$215,173
Karen L Saperstein (Vice President Operations)	$442,043	$0	$164,411
Kevin H Bell (Sr. Assoc. Gc Dispute Res.)	$370,676	$0	-$120,162
Christopher H Larosa (Sr. Assoc. Gc Litigation)	$354,758	$0	$116,715
Hemant Sharma (Sr. Assoc. Gc International)	$351,974	$0	$82,634
Abraham L Wons (Director Risk Management)	$348,631	$0	$161,314
Robert C Ferry (Director It)	$306,083	$0	$203,708
William S Jasien (Director)	$23,922	$0	$0
Anthony D'agostino (Director)	$10,922	$0	$0
Gregory S Karawan (Director)	$10,922	$0	$0
Daniel M Covitz (Director)	$0	$0	$0
W Moses Kim (Director)	$0	$0	$0

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990

Filed on June 23, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$474,981,729

Expenses

$11,080,879

Net Income

$463,900,850

Net Assets

$3,555,047,697

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$474,981,729	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,292,413	29.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,415,853	57.9%

Assets/Debt
Total Assets	$4,150,025,171
Total Liabilities	$594,977,474
Net Assets	$3,555,047,697

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Josephine Wang (President & Ceo)	$1,352,222	$0	$730,920
Kenneth J Caputo (General Counsel & Sec'y)	$533,964	$0	$516,996
Karen L Saperstein (Vice President Operations)	$421,202	$0	$248,012
Main Qader (Sr. Systems Admin (Thru 8/16/20))	$377,728	$0	$302
Charles E Glover (Vice President Finance)	$350,096	$0	$643,336
Kevin H Bell (Sr. Assoc. Gc Dispute Res.)	$339,682	$0	$250,374
Christopher H Larosa (Sr. Assoc. Gc Litigation)	$332,948	$0	$535,393
Abraham L Wons (Director Risk Management)	$310,272	$0	$251,151
Hemant Sharma (Sr. Assoc. Gc International)	$297,143	$0	$556,790
Anthony D'agostino (Director)	$6,250	$0	$0
William S Jasien (Director)	$6,250	$0	$0
Gregory S Karawan (Director)	$6,250	$0	$0
Daniel M Covitz (Director)	$0	$0	$0
W Moses Kim (Director)	$0	$0	$0
Jonathan Greenstein (Director (From 10/29/20))	$0	$0	$0

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990

Filed on June 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$393,422,450

Expenses

-$24,219,968

Net Income

$417,642,418

Net Assets

$2,922,911,227

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$393,422,450	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,078,666
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,894,709

Assets/Debt
Total Assets	$3,655,191,234
Total Liabilities	$732,280,007
Net Assets	$2,922,911,227

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Josephine Wang (Pres. (From 4/1/19),Gc & Sec'y)	$943,861	$0	$874,882
Kenneth J Caputo (Gc (From 4/19/19), Sr Assoc Gc)	$501,781	$0	$797,627
Karen L Saperstein (Vice President Operations)	$402,693	$0	$298,734
Charles E Glover (Vice President Finance)	$340,876	$0	$974,021
Kevin H Bell (Sr. Assoc. Gc Dispute Res.)	$331,002	$0	$476,912
Christopher H La Rosa (Sr. Assoc. Gc Litigation)	$325,668	$0	$563,336
Stephen P Harbeck (President & Ceo (Thru 3/31/19))	$319,966	$0	$78,806
Abraham L Wons (Director Risk Management)	$298,589	$0	$266,030
Timothy Timanus (Avp Operations)	$283,717	$0	$222,071
Hemant Sharma (Sr. Assoc. Gc International)	$282,526	$0	$534,585
Anthony D'agostino (Director)	$6,585	$0	$0
William S Jasien (Director)	$6,585	$0	$0
Gregory S Karawan (Director)	$6,250	$0	$0
Daniel M Covitz (Director)	$0	$0	$0
W Moses Kim (Director)	$0	$0	$0

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990

Filed on June 12, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$355,846,775

Expenses

$182,366,457

Net Income

$173,480,318

Net Assets

$2,392,886,800

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$355,846,775	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,207,097	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,940,706	3.3%

Assets/Debt
Total Assets	$3,296,907,939
Total Liabilities	$904,021,139
Net Assets	$2,392,886,800

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Josephine Wang (General Counsel & Secretary)	$984,825	$0	-$117,834
Stephen P Harbeck (President & Ceo)	$934,782	$0	-$326,720
Kenneth J Caputo (Sr Associate General Counsel)	$420,351	$0	-$267,974
Karen L Saperstein (Vice President Operations)	$390,081	$0	$94,195
Kevin H Bell (Sr Assoc Gen Coun For Disp Res)	$337,154	$0	-$299,869
Charles E Glover (Avp Fin., Vp Fin.(From 2/1/18))	$328,941	$0	-$80,843
Christopher H La Rosa (Sr Assoc. Gen. Coun Litigation)	$318,248	$0	$23,482
Abraham L Wons (Director Risk Management)	$289,028	$0	$133,389
Hemant Sharma (Sr Assoc Gen Counsel Int'l)	$280,444	$0	$5,300
Joseph S Furr Jr (Vp Finance (Through 1/31/18))	$103,102	$0	$9,516
Anthony D'agostino (Director)	$6,250	$0	$0
William S Jasien (Director)	$6,250	$0	$0
Gregory S Karawan (Director)	$6,250	$0	$0
Daniel M Covitz (Director)	$0	$0	$0
W Moses Kim (Director (From 8/27/18))	$0	$0	$0
Jared C Sawyer (Director (Through 6/29/18))	$0	$0	$0

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990

Filed on June 19, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$335,525,137

Expenses

$67,218,040

Net Income

$268,307,097

Net Assets

$2,235,898,543

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$335,525,137	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,996,584	4.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,815,653	8.7%

Assets/Debt
Total Assets	$3,106,021,784
Total Liabilities	$870,123,241
Net Assets	$2,235,898,543

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$486,674,422

Expenses

$85,206,510

Net Income

$401,467,912

Net Assets

$1,985,093,177

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$486,674,422	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,125,557	3.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,694,186	6.7%

Assets/Debt
Total Assets	$2,944,566,835
Total Liabilities	$959,473,658
Net Assets	$1,985,093,177

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$477,394,268

Expenses

$281,534,034

Net Income

$195,860,234

Net Assets

$1,622,910,520

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$477,394,268	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,294,276	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,474,790	1.9%

Assets/Debt
Total Assets	$2,652,932,434
Total Liabilities	$1,030,021,914
Net Assets	$1,622,910,520

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$466,733,002

Expenses

$159,445,044

Net Income

$307,287,958

Net Assets

$1,453,879,790

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$466,733,002	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,986,826	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,103,653	3.2%

Assets/Debt
Total Assets	$2,362,924,124
Total Liabilities	$909,044,334
Net Assets	$1,453,879,790

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$456,460,641

Expenses

$40,247,808

Net Income

$416,212,833

Net Assets

$1,162,629,036

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$456,460,641	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,777,694	6.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,967,660	12.3%

Assets/Debt
Total Assets	$2,121,759,138
Total Liabilities	$959,130,102
Net Assets	$1,162,629,036

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$452,451,011

Expenses

-$59,804,875

Net Income

$512,255,886

Net Assets

$784,229,012

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$452,451,011	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,744,568
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,704,434

Assets/Debt
Total Assets	$1,912,984,791
Total Liabilities	$1,128,755,779
Net Assets	$784,229,012

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$422,632,448

Expenses

$290,982,896

Net Income

$131,649,552

Net Assets

$285,891,945

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$422,632,448	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,261,342	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,212,075	1.4%

Assets/Debt
Total Assets	$1,606,119,922
Total Liabilities	$1,320,227,977
Net Assets	$285,891,945

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated July 11, 2024

Securities Investor Protection Corporation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $464M (2022)

Expenses $130M (2022)

Total Assets $4.24B (2022)

Total Liabilities $691M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$464M (2022)

Expenses

$130M (2022)

Total Assets

$4.24B (2022)

Total Liabilities

$691M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004