2022-09-19T11:57:43-05:00 2021-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2021-01-01 360753125 Bank Policy Institute BANK 2022894322 1300 I Street NW 1100W Washington DC 200053396 John Court EVP, General Counsel & COO 2022894322 2022-09-19 1 John Court 999009999 Jie Chen CPA P01049760 7038930300 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X Greg Baer 1300 I Street NW 1100W Washington DC 200053396 30457949 0 X www.bpi.com X 1994 DC Promotes the business of banking and encourages the development of sound banking policy. 16 16 67 0 474377 433635 0 0 28480625 29824000 79321 122572 615186 474377 29175132 30420949 80000 54000 0 0 19957379 21609686 0 0 0 7098068 7585724 27135447 29249410 2039685 1171539 27899988 28929492 12533510 14193375 15366478 14736117 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 1 0 0 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 24 0 1 67 1 1 1 0 0 0 1 1 0 1 0 X 16 16 0 0 1 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 Brian Moynihan Chairman (1/21-6/21) Direc 1.00 X X 0 0 0 William Demchak Chairman (7/21-12/21) Direc 1.00 X X 0 0 0 Darryl White Director 1.00 X 0 0 0 Jean Laurent Director (7/21-12/21) 1.00 X 0 0 0 Richard Fairbank Director (7/21-12/21) 1.00 X 0 0 0 Jane Fraser Director 1.00 X 0 0 0 Roger Hochschild Director (7/21-12/21) 1.00 X 0 0 0 Bryan Jordan Director (7/21-12/21) 1.00 X 0 0 0 James Dimon Director 1.00 X 0 0 0 Rene Jones Director (7/21-12/21) 1.00 X 0 0 0 Kanetsugu Mike Director (7/21-12/21) 1.00 X 0 0 0 Michael O'Grady Director (7/21-12/21) 1.00 X 0 0 0 Ignacio Alvarez Director (7/21-12/21) 1.00 X 0 0 0 Ronald O'Hanley Director 1.00 X 0 0 0 Bharat Masrani Director 1.00 X 0 0 0 Charlie Scharf Director 1.00 X 0 0 0 Greg Baer President & CEO 40.00 1.00 X 2642801 0 54661 Kenneth Troshinsky COO & CFO 40.00 X 48283 0 3615 Kate Childress EVP, Public Affairs 40.00 1.00 X 1077192 0 26000 John Court SVP & Gen. Counsel, Head of Reg Aff & COO 40.00 X 752437 0 54733 Chris Feeney EVP & President, BITS 40.00 X 799982 0 53440 Bill Nelson EVP & Chief Economist 40.00 1.00 X 965273 0 31910 Ayeola Alexander SVP Operations & Chro 40.00 X 272156 0 40197 Francisco Covas EVP Head of Research 40.00 X 686052 0 53877 Gregg Rozansky SVP, Sr. Assoc. Gen. Counsel 40.00 X 555534 0 20636 Brett Waxman SVP, Sr. Assoc. Gen. Counsel 40.00 X 508205 0 51994 Anna Harrington SVP, Assoc. Gen. Counsel 40.00 X 608469 0 9862 Sean Oblack SVP, Head of Communications 40.00 X 448117 0 54712 Dafina Stewart SVP, Assoc. Gen. Counsel 40.00 X 434906 0 31861 9799407 0 487498 22 0 1 0 Sullivan & Cromwell LLP 125 Broad Street New York NY 10004 Legal consulting 1622322 Covington & Burling LLP 850 10th Street NW Washington DC 20001 Legal consulting 410000 The Boston Consulting Group Inc PO Box 75200 Chicago IL 60675 Technology consulting 405000 Design Data 610 Professional Drive Suite 102 Gaithersburg MD 20879 IT services 308558 Venable LLP PO Box 62727 Baltimore MD 21264 Legal consulting 304374 10 Membership dues 900099 29804500 29804500 Meetings & conferences 900099 19500 19500 29824000 122572 122572 37000 37000 0 Net unrelated partnership income 518210 474377 474377 474377 30420949 29824000 474377 122572 X 54000 7562608 11296905 910630 717736 1121807 589699 29374 500 3377121 536584 416038 1530982 107184 126701 609925 77931 Unrelated bus. inc. tax 187311 Other taxes -3626 29249410 20405146 11831941 1078214 1077958 839500 965931 268127 564214 4901162 3006565 1973951 1894597 10016377 1551258 1666304 1783792 912170 27899988 28929492 8835568 10133292 1940500 1458901 1757442 2601182 12533510 14193375 X 15366478 14736117 15366478 14736117 27899988 28929492 X 1171539 4996 -1806896 X 0 1 X 1 0 0 0 0 29804500 2060000 2060000 2612000 -552000 2882056 1885799 996257 1062023 896517 165506 957083 224249 732834 1894597 Investment in fTLD 1666304 F 1666304 Deferred rent 951806 Deferred compensation liabilities 884224 Benefit pension plan liability 765152 2601182 X 28655549 4996 -1806896 -1801900 30457449 500 -37000 -36500 30420949 29285910 37000 37000 29248910 500 500 29249410 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 -1,972,899. Book to tax (K-1) 166,003. Part XI, Line 4b - Other Adjustments: Rental expense -37,000. Part XII, Line 2d - Other Adjustments: Rental expense 37,000. 1 Columbia University 420 West 118th Street New York NY 10027 135598093 501(c)(3) 25000 0 SIPA's initiative on central banking & fin policy Americans for Tax Reform 722 12th Street NW 4th Floor Washington DC 20005 521403587 501(c)(4) 25000 0 2021 general support contribution 2 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 636539 0 2000000 0 6262 0 19500 0 35161 0 2697462 0 0 0 Kate Childress EVP, Public Affairs 637847 0 435000 0 4345 0 26000 0 0 0 1103192 0 0 0 Bill Nelson EVP & Chief Economist 445034 0 515000 0 5239 0 26000 0 5910 0 997183 0 0 0 Chris Feeney EVP & President, BITS 489850 0 295000 0 15132 0 26000 0 27440 0 853422 0 0 0 John Court SVP & Gen. Counsel, Head of Reg Aff 414769 0 336265 0 1403 0 19500 0 35233 0 807170 0 0 0 Francisco Covas EVP Head of Research 454505 0 230000 0 1547 0 17580 0 36297 0 739929 0 0 0 Anna Harrington SVP, Assoc. Gen. Counsel 419230 0 187500 0 1739 0 8769 0 1093 0 618331 0 0 0 Gregg Rozansky SVP, Sr. Assoc. Gen. Counsel 364279 0 189032 0 2223 0 19500 0 1136 0 576170 0 0 0 Brett Waxman SVP, Sr. Assoc. Gen. Counsel 318472 0 188028 0 1705 0 18937 0 33057 0 560199 0 0 0 Sean Oblack SVP, Head of Communications 346385 0 100000 0 1732 0 19500 0 35212 0 502829 0 0 0 Dafina Stewart SVP, Assoc. Gen. Counsel 309223 0 125000 0 683 0 17648 0 14213 0 466767 0 0 0 Ayeola Alexander SVP Operations & Chro 237454 0 30000 0 4702 0 19500 0 20697 0 312353 0 0 0 Form 990, Part VI, Section A, line 4 BPI's bylaws were updated during 2021 to (A) require Board approval before BPI enters into significant financial transactions or commitments and (B) reduce the number of representatives serving on the Board's Audit and MCN committees from 12 members to 5 to 7 members. 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 CFO 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, executive employees, and key employees for self-disclosure. Individuals are required to disclose any potential conflicts to the CEO and/or 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 IX, line 11g Consulting 3,319,113. Professional development 27,568. Payroll processing 30,440. Form 990, Part XI, line 9: Change in benefit plan obligation -1,972,899. Book to tax (K-1) 166,003. 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 0 0 0