Modern Markets Initiative Inc
The organization is focused on demonstrating the benefits of algorithmic or quantitative trading, often referred to as high-frequency trading, in today's modern markets.
Modern Markets Initiative Inc at a glance
In short: Modern Markets Initiative Inc gave $119K across 2 grants in 2024 (avg $59K), mostly in New York. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $118,994
- Grants made (2024)
- 2
- Average grant
- $59,497
- Median grant
- $59,497
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Modern Markets Initiative Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Bridge to Enter Advanced Mathematics ($104K). Together the top 2 received $119K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Modern Markets Initiative Inc gives
- Giving grew 1090% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $10K (2021) to $119K (2024). In 2024 it made 2 grants totaling $119K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bridge to Enter Advanced Mathematics Brooklyn, NY | Youth Empowerment Eduational Progams. | $103,994 |
| NYU College Career Lab New York, NY | Higher Education. | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2024 | — | — | $803,916 | $118,994 | 2 |
| 2023 | $803,916 | $696,000 | $917,390 | — | — |
| 2022 | $1,032,506 | $892,000 | $885,590 | — | — |
| 2021 | $1,034,896 | $880,000 | $774,901 | $10,000 | 1 |
| 2020 | $931,249 | $880,000 | $810,890 | — | — |
About Modern Markets Initiative Inc
Based on IRS filings
Modern Markets Initiative Inc is a public charity, based in Jericho, NY. IRS filing data is available from 2020 through 2024. In 2024, it awarded 2 grants totaling $119K.
Leadership & Key People
Officers and directors from IRS filings
Modern Markets Initiative Inc is led by Kirsten Wegner, CEO on every filing since 2020; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Kirsten Wegner
CEO
On filings since 2020
45 hrs/week
$460K (2020) → $500K (2024)
Adam Nunes
Director
On filings since 2020
2.5 hrs/week
No compensation reported
Johannah Ladd
Director
On filings since 2022
2.5 hrs/week
No compensation reported
Ken Wilson
Director
On filings since 2022
2.5 hrs/week
No compensation reported
Richard Grant
Director
On filings since 2023
2.5 hrs/week
No compensation reported
Former officers (5)
- Former: Ari Rubenstein (2020–2022) — Director
- Former: Carmen Benitez (2020–2021) — Treasurer
- Former: Mark Gorton (2020–2021) — Director
- Former: Jon Herrick (2021) — Director
- Former: Brad Jonas (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $500K, to Kirsten Wegner (CEO).
Frequently asked questions about Modern Markets Initiative Inc
How much does Modern Markets Initiative Inc give each year?
Modern Markets Initiative Inc gave $119K across 2 grants in 2024, according to its 2024 IRS Form 990.
Where does Modern Markets Initiative Inc operate?
Modern Markets Initiative Inc has awarded grants in New York.
What is Modern Markets Initiative Inc's EIN?
Modern Markets Initiative Inc's EIN (Employer Identification Number) is 46-4440917. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 5, 2024)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Modern Markets Initiative Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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