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Securities Investor Protection Corporation

Organization summary

Type of Nonprofit

Designated as a 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. 2023 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.

Summary charts: organization finances over time

Revenue
$511M (2023)

Expenses
$19.7M (2023)

Total Assets
$4.68B (2023)

Total Liabilities
$547M (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$511,388,716
Expenses
$19,739,606
Net Income
$491,649,110
Net Assets
$4,128,293,024
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $511,388,716
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 $3,404,254
17.2%
Professional Fundraising Fees $0
Other Salaries and Wages $7,010,820
35.5%
Assets/Debt
Total Assets $4,675,779,724
Total Liabilities $547,486,700
Net Assets $4,128,293,024
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Josephine Wang (President & Ceo) $925,376 $0 $294,156
Charles E Glover (Vice President Finance) $656,045 $0 $353,857
Michael L Post (General Counsel & Secretary) $620,790 $0 $133,487
Karen L Saperstein (Vice President Operations) $471,526 $0 $267,380
Hemant Sharma (Deputy General Counsel) $417,002 $0 $387,504
Kevin H Bell (Sr. Assoc. Gc Dispute Res) $385,082 $0 $201,513
Christopher H Larosa (Sr. Assoc. Gc Litigation) $384,772 $0 $448,031
Abraham L Wons (Director Risk Management) $354,607 $0 $254,933
Robert C Ferry (Avp Information Technology) $332,669 $0 $259,924
Claudia Slacik (Chair Of Board) $28,000 $0 $0
William S Jasien (Director) $12,833 $0 $0
Glen S Fukushima (Vice Chair Of Board) $12,000 $0 $0
William Brodsky (Director) $12,000 $0 $0
Alan J Patricof (Director) $9,293 $0 $0
Daniel M Covitz (Director) $0 $0 $0
W Moses Kim (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
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
Other
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

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
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
Other
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

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
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
Other
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

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
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
Other
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

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
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
Other
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

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
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

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
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

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
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

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
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

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
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

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
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

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
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

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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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