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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit Financial Accounting Foundation

Financial Accounting Foundation

Fiscal year ending 2017. Filed on May 10, 2018.

401 Merritt 7 PO Box 5116
Norwalk, Connecticut 06856

Financial Accounting Foundation (EIN: 23-7211935) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2017 IRS Form 990 filing, Financial Accounting Foundation, a 501(c)(3) charitable organization, reported compensation for 26 out of 182 total employees. Among the employees shown here, the average compensation is $395,038. The highest compensated employee at Financial Accounting Foundation is Russell G Golden with fiscal year 2017 compensation of $1,159,462.

Revenue, expenses, and employee compensation

Revenue

$54,340,498

Expenses

$55,486,089

Employee compensation

$40,472,950
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Russell G Golden
Chairman, FASB
$1,159,462
$1,084,824 No related comp$74,638
James L Kroeker
VICE Chairman, FASB
$1,006,522
$961,113 No related comp$45,409
Harold L Monk
Board Member
$991,498
$928,032 No related comp$63,466
R Harold Schroeder
Board Member
$942,701
$867,368 No related comp$75,333
Christine Ann Botosan
Board Member
$937,231
$851,584 No related comp$85,647
Marc A Siegel
Board Member
$924,636
$845,566 No related comp$79,070
Susan M Cosper
Technical Director, FASB
$798,440
$729,372 No related comp$69,068
Teresa S Polley
President
$768,425
$718,804 No related comp$49,621
David A Vaudt
Chairman, GASB
$672,070
$598,473 No related comp$73,597
Mary P Crotty
Chief Operating Officer
$551,232
$467,472 No related comp$83,760
John W Auchincloss
Vice President and General Counsel (BE
$470,779
$381,544 No related comp$89,235
Charles H Noski
Chair
$160,000
$160,000 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Gary H Bruebaker
Vice Chair
John B Veihmeyer
Trustee
Nancy K Kopp
Trustee

Contractors

Ovitas
IT Consultant
$1,354,256
Deloitte Consulting
IT Consultant
$1,136,344
Pwc
Payments for Fellows
$463,113
Advanced Computer Technologies
IT Outsource
$430,940
Ey
Payments for Fellows
$428,734

Mission Statement

THE MISSION OF THE FINANCIAL ACCOUNTING FOUNDATION (FAF) IS TO ESTABLISH AND IMPROVE FINANCIAL ACCOUNTING AND REPORTING STANDARDS, TO PROVIDE USEFUL INFORMATION TO INVESTORS AND OTHER USERS OF FINANCIAL REPORTS AND TO EDUCATE STAKEHOLDERS ON HOW TO MOST EFFECTIVELY UNDERSTAND AND IMPLEMENT THOSE STANDARDS. THE FAF, ORGANIZED IN 1972, IS THE INDEPENDENT, PRIVATE-SECTOR ORGANIZATION RESPONSIBLE FOR THE OVERSIGHT, ADMINISTRATION, FINANCING AND APPOINTMENT OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) AND THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB), WHICH WERE ESTABLISHED TO PERFORM DISTINCT FUNCTIONS IN THE PROCESS OF ESTABLISHING AND IMPROVING FINANCIAL ACCOUNTING AND REPORTING STANDARDS.

Revisions to this organization profile

May 14, 2024:
2023 Financial Accounting Foundation 990 filed
May 15, 2023:
2022 Financial Accounting Foundation 990 filed
May 11, 2022:
2021 Financial Accounting Foundation 990 filed

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