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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 Institute for Portfolio Alternatives Inc

Institute for Portfolio Alternatives Inc

Fiscal year ending 2024. Filed on August 7, 2025.

1455 Pennsylvania Ave NW 400
Washington, District of Columbia 20004

Institute for Portfolio Alternatives Inc (EIN: 22-2597521) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Institute for Portfolio Alternatives Inc, a 501(c)(6) business league, reported compensation for 6 out of 8 total employees. Among the employees shown here, the average compensation is $311,038. The highest compensated employee at Institute for Portfolio Alternatives Inc is Anya Coverman with fiscal year 2024 compensation of $433,686. Institute for Portfolio Alternatives Inc changed its name from Investment Program Association Inc. in 2018.

Revenue, expenses, and employee compensation

Revenue

$5,584,160

Expenses

$4,550,974

Employee compensation

$1,648,562
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Anya Coverman
President and Chief Executive Officer
$433,686
$419,886 No related comp$13,800
Megan Gavin
Director, Strategic Partnerships
$342,829
$321,088 No related comp$21,741
Anh Romero
Finance Director
$156,600
$150,000 No related comp$6,600
Mr Chirag Bhavsar
Chair
$0
Mr Matt Fries
Chair Emeritus
$0
Mr Bill Duffy
Chair-Elect
$0

Benchmark Employee Compensation

Non-Employee Board Members

Mr Brad Sussman
Director
Mr Brendan Cuddihy
Director
Mr Brian Hurley
Director
Mr Brian Ruben
Director
Mr Chase Bolding
Director
Mr Chris Shaw
Director
Mr Dallas Whitaker
Director
Mr Daniel Cullen
Director
Mr Dennis Martin
Director
Mr James Hannigan
Director
Mr Jason Goode
Director
Mr Jay Frank
Director

Contractors

Mindset Advocacy LLC
Lobbying
$182,018
The Lodge Inc
Marketing/Communication
$135,340
Soundcheck Communication Consulting
Marketing/Communication
$135,340

Mission Statement

National association of asset managers, industry partners, and distribution partners organized to ensure unity of direction and efficient coordination of issues relating to strategies & operational alignment in their offer & distribution of alternative investments.

Revisions to this organization profile

August 7, 2025:
2024 Institute for Portfolio Alternatives Inc 990 filed
July 15, 2024:
2023 Institute for Portfolio Alternatives Inc 990 filed
October 5, 2023:
2022 Institute for Portfolio Alternatives Inc 990 filed

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