2023-10-06T14:46:32-05:00 2022-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2022-01-01 360753125 Bank Policy Institute BANK 2022894322 1300 I Street NW 1100W Washington DC 200053396 John Court EVP, General Counsel & COO 2022894322 2023-10-06 1 John Court 999009999 1 Jie Chen CPA P01049760 7038930300 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Greg Baer 1300 I Street NW 1100W Washington DC 200053396 30515676 0 X www.bpi.com X 1994 DC Promotes the business of banking and encourages the development of sound banking policy. 16 16 74 0 559602 511783 0 0 29824000 29639655 122572 282921 474377 553492 30420949 30476068 54000 2716323 0 0 21609686 20963561 0 0 0 7585724 7492830 29249410 31172714 1171539 -696646 28929492 41812574 14193375 29303289 14736117 12509285 Promotes the business of banking and encourages the development of sound banking policy. 0 0 Identifies impacts of pending legislation and regulation affecting the financial services industry and develops and advocates solutions to major policy concerns. BITS addresses issues at the intersection of financial services, technology and public policy, where industry cooperation serves the public good, such as critical infrastructure protection, fraud prevention, cyber defense and the safety of financial services. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 25 0 1 74 1 1 1 0 0 0 1 1 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 1 0 DC X Tonny Welling 2022894322 1300 I Street NW Suite 1100W Washington DC 200053396 William Demchak Chairman (January 2022-June 2022) 1.00 X X 0 0 0 Jamie Dimon Dir. (1/22-6/22) Chairman (beg 6/22) 1.00 X 0 0 0 Brian Moynihan Director 1.00 X 0 0 0 Jean-Laurent Bonnafe Director 1.00 X 0 0 0 Darryl White Director (January 2022-June 2022) 1.00 X 0 0 0 Richard Fairbank Director 1.00 X 0 0 0 Jane Fraser Director 1.00 X 0 0 0 Roger Hochschild Director (January 2022-June 2022) 1.00 X 0 0 0 Bryan Jordan Director 1.00 X 0 0 0 Rene Jones Director 1.00 X 0 0 0 Kanetsugu Mike Director 1.00 X 0 0 0 Michael O'Grady Director (January 2022-June 2022) 1.00 X 0 0 0 Ignacio Alvarez Director (January 2022-June 2022) 1.00 X 0 0 0 Ronald O'Hanley Director (January 2022-June 2022) 1.00 X 0 0 0 Bharat Masrani Director (January 2022-June 2022) 1.00 X 0 0 0 Charlie Scharf Director 1.00 X 0 0 0 Todd Gibbons Director (beginning July 2022) 1.00 X 0 0 0 Bruce Van Saun Director (beginning July 2022) 1.00 X 0 0 0 Tim Spence Director (beginning July 2022) 1.00 X 0 0 0 Stephen Steinour Director (beginning July 2022) 1.00 X 0 0 0 John Turner Director (beginning July 2022) 1.00 X 0 0 0 Andy Cecere Director (beginning July 2022) 1.00 X 0 0 0 Greg Baer President & CEO 40.00 1.00 X 3128893 0 57482 Kate Childress EVP, Public Affairs 40.00 1.00 X 1081884 0 27964 John Court EVP GC, Head of Reg Aff & COO 40.00 X 1028019 0 57661 Bill Nelson EVP & Chief Economist 40.00 1.00 X 965085 0 33021 Chris Feeney EVP & President, BITS 40.00 X 818144 0 55888 Francisco Covas EVP, Head of Research 40.00 X 742741 0 54471 Ayeola Alexander SVP Operations & CHRO 40.00 X 310884 0 32533 Gregg Rozansky SVP Senior Associate General Counsel 40.00 X 568953 0 21464 Edward Hill SVP Head of Government Relations 40.00 X 539733 0 56968 Paige Pidano SVP Senior Associate General Counsel 40.00 X 512638 0 23968 Lauren Anderson SVP Senior Associate General Counsel 40.00 X 505166 0 34543 Brett Waxman SVP Senior Associate General Counsel 40.00 X 498373 0 53030 10700513 0 508993 31 0 1 0 Sullivan & Cromwell LLP 125 Broad Street New York NY 10004 Consulting 1081096 DWatts Construction LLC 4875 Eisenhower Ave Suite 250 Alexandria VA 22304 Construction 996694 Covington & Burling LLP 850 10th Street NW Washington DC 20001 Consulting 540000 Design Data 610 Professional Drive Suite 102 Gaithersburg MD 20879 IT services 320564 MOI Inc PO Box 826500 Philadephia PA 19182 Office furniture/design/installation 256602 8 Membership dues 900099 28528689 28528689 Meetings & conferences 900099 1110966 1110966 29639655 282921 282921 33498 39608 -6110 -6110 -6110 Net unrelated partnership income 518210 559602 559602 559602 30476068 29639655 559602 276811 2716323 8394670 9514791 1076308 892702 1085090 150103 30160 500 2967482 430709 413075 1271276 372118 1194163 523069 73602 Unrelated bus. inc. tax 61452 Other taxes 5121 31172714 11831941 7902600 1077958 1091504 965931 602400 564214 341747 8890478 2594779 1894597 6295699 10016377 8826646 1666304 1720492 912170 15031486 28929492 41812574 10133292 10687428 1458901 13610 2601182 18602251 14193375 29303289 X 14736117 12509285 14736117 12509285 28929492 41812574 X -696646 -1182568 -347618 X 0 1 X 1 0 0 0 0 28528689 1890000 1890000 2735100 -845100 6806988 2276314 4530674 1938332 245291 1693041 145158 73174 71984 6295699 Deposits 17746 Assets held under deferred compensation plan 987202 Due from Cyber Risk Institute 228929 Right-of-use assets - operating leases 13797609 15031486 Deferred compensation liabilities 987202 Lease liabilities - operating leases 17615049 18602251 X 28984990 -1182568 -347618 -1530186 30515176 500 -39608 -39108 30476068 31211822 39608 39608 31172214 500 500 31172714 Part X, Line 2: Management evaluated the Institute's tax positions and concluded that the Institute's financial statements do not include any uncertain tax positions. Part XI, Line 2d - Other Adjustments: Change in benefit plan obligation 1,890. Book to tax (K-1) -349,508. Part XI, Line 4b - Other Adjustments: Rental expense -39,608. Part XII, Line 2d - Other Adjustments: Rental expense 39,608. 1 Cyber Risk Institute 600 13th Street NW Suite 400 Washington DC 20005 873332370 501(c)(3) 2610763 0 Spin-off, net cash Americans for Tax Reform 722 12th Street NW Suite 400 Washington DC 20005 521403587 501(c)(4) 50000 0 General support donation to 501(c)4 Columbia University 116th and Broadway New York NY 10027 135598093 501(c)(3) 50000 0 Donation to School of International and Public Affairs 1 Part I, Line 2: The Instiute's management attend monthly meetings with other stakeholders to monitor progress and share its perspective. The Insitute's management also attended policy forums with senior members of congress they've hosted to discuss these issues. X X X X X 0 0 0 Greg Baer President & CEO 649039 0 2470000 0 9854 0 20500 0 36982 0 3186375 0 0 0 Kate Childress EVP, Public Affairs 650362 0 428000 0 3522 0 27000 0 964 0 1109848 0 0 0 John Court EVP GC, Head of Reg Aff & COO 508307 0 518000 0 1712 0 20500 0 37161 0 1085680 0 0 0 Bill Nelson EVP & Chief Economist 453766 0 506000 0 5319 0 27000 0 6021 0 998106 0 0 0 Chris Feeney EVP & President, BITS 499461 0 302000 0 16683 0 27000 0 28888 0 874032 0 0 0 Francisco Covas EVP, Head of Research 466155 0 275000 0 1586 0 17310 0 37161 0 797212 0 0 0 Edward Hill SVP Head of Government Relations 351370 0 185000 0 3363 0 20500 0 36468 0 596701 0 0 0 Gregg Rozansky SVP Senior Associate General Counsel 368060 0 199000 0 1893 0 20500 0 964 0 590417 0 0 0 Brett Waxman SVP Senior Associate General Counsel 329643 0 168000 0 730 0 19484 0 33546 0 551403 0 0 0 Lauren Anderson SVP Senior Associate General Counsel 333900 0 170000 0 1266 0 20500 0 14043 0 539709 0 0 0 Paige Pidano SVP Senior Associate General Counsel 331007 0 180000 0 1631 0 20500 0 3468 0 536606 0 0 0 Ayeola Alexander SVP Operations & CHRO 196827 0 111267 0 2790 0 20500 0 12033 0 343417 0 0 0 Form 990, Part VI, Section A, line 6 The Institute's membership is reserved for for-profit companies delivering integrated financial services within the United States. The Institute's Nominating Committee, comprised of representatives of the membership, has the authority to nominate Board members for election. Form 990, Part VI, Section A, line 7a The Institute's directors are appointed by the then-current board of directors. Form 990, Part VI, Section A, line 7b Any amendments to the Institute's Bylaws are required to be approved by the board of directors. Form 990, Part VI, Section B, line 11b The 990 is prepared by the Institute's outside auditors. It is then reviewed by the COO and the CEO and a draft is circulated to the Board of Directors prior to filing. Form 990, Part VI, Section B, line 12c The conflict of interest policy is distributed to officers for self-disclosure. Individuals are required to disclose any potential conflicts to the General Counsel, who will assess the facts and take the appropriate actions. Form 990, Part VI, Section B, line 15 An annual salary survey is prepared by the Institute's outside auditors using data gleaned from comparable trade associations. The survey is reviewed by the Chairman and the Compensation Committee who then decide on a compensation amount. The decision is documented and a copy is retained in the personnel file. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: Change in benefit plan obligation 1,890. Book to tax (K-1) -349,508. Bank Policy Institute PAC 600 13th Street NW Suite 400 Washington DC 20005 530242039 Political Action Committee DC 527 Bank Policy Institute 1 Bank Policy Institute Foundation 600 13th Street NW Suite 400 Washington DC 20005 262353925 Grants and scholarships DC 501(c)(3) Section 170(b)(1)(A) Bank Policy Institute 1 fTLD Registry Services LLC 1120 Connecticut Avenue NW Washington DC 20036 454083790 Operate financial services TLDs to promote safety and security. DE N/A Unrelated 0 1 0.33330 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 Bank Policy Institute Foundation Q 258152 Cost