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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 2021. Filed on August 10, 2022.

1300 I Street NW 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 2021 IRS Form 990 filing, Municipal Securities Rulemaking Board, a 501(c)(6) business league, reported compensation for 37 out of 124 total employees. Among the employees shown here, the average compensation is $211,785. The highest compensated employee at Municipal Securities Rulemaking Board is Lynnette Kelly with fiscal year 2021 compensation of $823,874.

Revenue, expenses, and employee compensation

Revenue

$35,699,202

Expenses

$41,164,114

Employee compensation

$23,093,921
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Lynnette Kelly
Former Chief Executive Officer
$823,874
$823,874 No related compNo other comp
Nanette D Lawson
COO (Interim CEO THRU 9/20)
$714,500
$649,248 No related comp$65,252
Mark T Kim
President and Ceo(Coo THRU 9/20)
$671,935
$614,415 No related comp$57,520
John A Bagley
Chief Market Structure Officer
$585,957
$527,957 No related comp$58,000
Gail Marshall
Chief Regulatory Officer
$475,359
$428,565 No related comp$46,794
E Adam Cusson
Chief Technology Officer
$413,578
$383,020 No related comp$30,558
Jacob Lesser
General Counsel
$356,693
$328,498 No related comp$28,195
Lalita Hirve
Deputy Chief Technology Offcr
$352,197
$299,427 No related comp$52,770
Simon Wu
Chief Economist
$328,777
$295,282 No related comp$33,495
John Toye
Deputy Chief Technology Offcr
$326,724
$268,483 No related comp$58,241
Marcelo Vieira
Research Director
$310,670
$279,947 No related comp$30,723
Sally Klemperer
Sr. Associate General Counsel
$307,583
$271,320 No related comp$36,263

Benchmark Employee Compensation

Non-Employee Board Members

Robert Clarke Brown
Director (Commenced 5/21)
$45,000
$45,000 No related compNo other comp

Contractors

Accenture Federal Services
Cloud Migration
$3,205,979
Cc Pace Systems Inc.
Software Development
$2,145,723
Hitachi Vantara LLC
Software Development
$525,860
Amazon Web Services Inc.
Cloud Migration
$420,000
Robert A Fippinger
Counsel to the Board
$302,725

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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