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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 Municipal Securities Rulemaking Board

Municipal Securities Rulemaking Board

Fiscal year ending 2017. Filed on January 30, 2018.

1300 I Street NW Suite Ste 1000
Washington, District of Columbia 20005

Municipal Securities Rulemaking Board (EIN: 52-1042433) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2017 IRS Form 990 filing, Municipal Securities Rulemaking Board, a 501(c)(6) business league, reported compensation for 22 out of 142 total employees. Among the employees shown here, the average compensation is $288,152. The highest compensated employee at Municipal Securities Rulemaking Board is Lynnette Kelly with fiscal year 2017 compensation of $1,048,821.

Revenue, expenses, and employee compensation

Revenue

$41,318,901

Expenses

$35,833,571

Employee compensation

$20,320,122
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Lynnette Kelly
Executive Director
$1,048,821
$878,305 No related comp$170,516
Robert Fippinger
Chief Legal Officer
$715,296
$673,222 No related comp$42,074
John A Bagley
Chief Market Structure Officer
$525,227
$470,800 No related comp$54,427
Alan Morisato
Chief Ops and Tech Officer
$519,003
$488,974 No related comp$30,029
Michael Post
General Counsel
$491,286
$460,228 No related comp$31,058
Elizabeth A Wolfe
Treasurer, CFO and CRO
$472,583
$428,680 No related comp$43,903
Ritta McLaughlin
Chief Education Officer
$403,372
$364,242 No related comp$39,130
Gail Marshall
Chief Compliance Officer
$331,178
$286,764 No related comp$44,414
Jennifer A Galloway
Chief Communications Officer
$312,973
$275,634 No related comp$37,339
Margaret Blake
Associate General Counsel
$299,816
$246,163 No related comp$53,653
Ronald W Smith
Corporate Secretary
$243,284
$210,302 No related comp$32,982
Nanette D Lawson
Chief Financial Officer and Treasurer
$238,671
$186,119 No related comp$52,552

Benchmark Employee Compensation

Non-Employee Board Members

Dall Forsythe
Director
$48,750
$48,750 No related compNo other comp
Rita Sallis
Director
$46,550
$46,550 No related compNo other comp
Steve Apfelbacher
Director
$46,550
$46,550 No related compNo other comp
Mark Kim
Director
$46,550
$46,550 No related compNo other comp
Lucy Hooper
Director
$46,250
$46,250 No related compNo other comp
Dale Turnipseed
Director
$45,300
$45,300 No related compNo other comp
Richard Froehlich
Director
$45,300
$45,300 No related compNo other comp
Renee Boicourt
Director
$45,300
$45,300 No related compNo other comp
Richard K Ellis
Director
$45,300
$45,300 No related compNo other comp
Gary Hall
Director
$45,300
$45,300 No related compNo other comp
Patrick Sweeney
Director
$45,300
$45,300 No related compNo other comp
Ronald Dieckman
Director
$45,000
$45,000 No related compNo other comp

Contractors

CC Pace Systems Inc
Software Development
$1,594,610
Sidley Austin LLP
Legal Representation
$328,811
Sutherland Global Services Inc.
Call Center
$310,240
Summit Consulting LLC
Economic Consulting
$279,293
LogicBoost Inc
Software Development
$236,080

Mission Statement

SEE SCHEDULE O

Revisions to this organization profile

August 7, 2025:
2024 Municipal Securities Rulemaking Board 990 filed
August 14, 2024:
2023 Municipal Securities Rulemaking Board 990 filed
August 11, 2023:
2022 Municipal Securities Rulemaking Board 990 filed

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