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Filing year 2023

MUNICIPAL SECURITIES RULEMAKING BOARD

Washington, District of Columbia·EIN 52-1042433·6
Total revenue
$56.1M
Total assets
$84.1M
Total expenses
$49.2M
Reported officers
44

Executive compensation, broken down

Form 990 · Schedule J · 44 reported individuals · Filing year 2023

President and CEO
$783k
$858k
Base
$627k
Bonus
$94k
Other
Benefits
$35k
Chief Market Structure Officer
key employee
$581k
$637k
Base
$446k
Bonus
$68k
Other
Benefits
$38k
General Counsel
key employee
$493k
$541k
Base
$408k
Bonus
$60k
Other
Benefits
$3k
Chief Product Officer
key employee
$453k
$497k
Base
$346k
Bonus
$50k
Other
Benefits
$34k
Chief Informaton Officer
key employee
$418k
$458k
Base
$305k
Bonus
$51k
Other
Benefits
$31k
Former Chief Operating Officer
former officer/director/trustee
$369k
$404k
Base
$321k
Bonus
Other
Benefits
$26k
Chief of Staff (as of 08/2024)
key employee
$369k
$404k
Base
$294k
Bonus
$29k
Other
$235
Benefits
$16k
Chief Financial Officer
$367k
$402k
Base
$270k
Bonus
$34k
Other
Benefits
$35k
Chief Economist
highest compensated employee
$366k
$401k
Base
$295k
Bonus
$30k
Other
$375
Benefits
$15k
Interim Chief Reg Off.(thru 10/2023)
key employee
$366k
$401k
Base
$256k
Bonus
$49k
Other
Benefits
$29k
Senior Associate General Counsel
highest compensated employee
$359k
$394k
Base
$286k
Bonus
$28k
Other
$100
Benefits
$18k
Chief People Officer (thru 12/2023)
key employee
$359k
$394k
Base
$285k
Bonus
$35k
Other
Benefits
$13k
Chief of Ext. Relat.(thru 12/2023)
key employee
$346k
$379k
Base
$287k
Bonus
$29k
Other
Benefits
$3k
Senior Dir, Research & Mrkt Transp.
highest compensated employee
$321k
$352k
Base
$265k
Bonus
$26k
Other
Benefits
$5k
Corporate Secretary
secretary (operational)
$308k
$337k
Base
$242k
Bonus
$29k
Other
$2
Benefits
$13k
Sr. Director, Regulatory Compl.
highest compensated employee
$301k
$330k
Base
$238k
Bonus
$24k
Other
Benefits
$16k
Controller
highest compensated employee
$288k
$316k
Base
$235k
Bonus
$23k
Other
$125
Benefits
$6k
Fmr. Off./sr. Mgr., Corp. Governance
former officer/director/trustee
$220k
$242k
Base
$180k
Bonus
$12k
Other
$250
Benefits
$11k
Director, Human Resources
key employee
$208k
$228k
Base
$135k
Bonus
$26k
Other
$260
Benefits
$34k
Chief Regulatory & Policy Officer
key employee
$190k
$209k
Base
$146k
Bonus
$25k
Other
Benefits
$13k
Former Chief Technology Officer
former officer/director/trustee
$163k
$179k
Base
$154k
Bonus
Other
Benefits
$2k
Former Chief Regulatory Officer
former officer/director/trustee
$138k
$151k
Base
$122k
Bonus
Other
Benefits
$8k
Fmr. Off/sr. Govt. & Public Aff.
former officer/director/trustee
$128k
$140k
Base
$102k
Bonus
$6k
Other
$80
Benefits
$11k
Director, Board Chair
board chair
$105k
$115k
Dir, Board Vice Chair(as of 10/2023)
board chair
$76k
$84k
Director
board member
$75k
$82k
Director
board member
$73k
$79k
Director
board member
$68k
$74k
Director
board member
$68k
$74k
Former Director, Board Vice Chair
board vice chair
$68k
$74k
Base
$68k
Bonus
Other
Benefits
Director
board member
$68k
$74k
Director
board member
$65k
$71k
Director
board member
$65k
$71k
Director
board member
$65k
$71k
Former Director
former officer/director/trustee
$49k
$53k
Base
$49k
Bonus
Other
Benefits
Former Director
former officer/director/trustee
$49k
$53k
Base
$49k
Bonus
Other
Benefits
Former Director
former officer/director/trustee
$49k
$53k
Base
$49k
Bonus
Other
Benefits
Former Director
former officer/director/trustee
$27k
$30k
Base
$27k
Bonus
Other
Benefits
Former Director
former officer/director/trustee
$19k
$21k
Base
$19k
Bonus
Other
Benefits
Director (as of 10/2023)
board member
$16k
$18k
Director (as of 10/2023)
board member
$16k
$18k
Director (as of 10/2023)
board member
$16k
$18k
Director (as of 10/2023)
board member
$16k
$18k
Director (as of 10/2023)
board member
$16k
$18k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 8%
from 2022

From $727k in 2022 to $783k in 2023.

$727k
2022
$783k
2023
In today's dollarsEst.
Up 5% in real terms$821k to $858k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MUNICIPAL SECURITIES RULEMAKING BOARD reported revenue and expenses across 2 filing years.

RevenueExpenses
$48.6M
$46.9M
2022
$56.1M
$49.2M
2023
Total revenue and total expenses from IRS Form 990 filings.
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