BANK POLICY INSTITUTE: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
BANK POLICY INSTITUTE (EIN 36-0753125)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-10-01
IRS object ID
202142749349300609
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-10-01T10:19:41-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN582676261PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Rogers & Company PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18300 Boone Boulevard Suite 600AddressLine1Txt
CityViennaCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22182ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN360753125EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Bank Policy InstituteBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBANKBusinessNameControlTxt
Phone2022894322PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1600 13th Street NW No 400AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20005ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJohn CourtPersonNm
Person TitleEVP, General Counsel & COOPersonTitleTxt
Phone2022894322PhoneNum
Signature2021-10-01SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJohnPersonFirstNm
Person LastCourtPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJie Chen CPAPreparerPersonNm
PTINP01049760PTIN
Phone7038930300PhoneNum
Preparation2021-10-01PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGreg BaerPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1600 13th Street NW No 400AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20005ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$29,209,755GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website Addresswww.bpi.comWebsiteAddressTxt
Type Of Organization AssocYes (X)TypeOfOrganizationAssocInd
Formation1994FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionPromotes the business of banking and encourages the development of sound banking and financial policies and practices.ActivityOrMissionDesc
Voting Members Governing Body17VotingMembersGoverningBodyCnt
Voting Members Independent17VotingMembersIndependentCnt
Total Employee67TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$611,547TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$560,177NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,450,000PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$27,637,669PYProgramServiceRevenueAmt
CY Program Service Revenue$28,480,625CYProgramServiceRevenueAmt
PY Investment Income$146,462PYInvestmentIncomeAmt
CY Investment Income$79,321CYInvestmentIncomeAmt
PY Other Revenue$664,971PYOtherRevenueAmt
CY Other Revenue$615,186CYOtherRevenueAmt
PY Total Revenue$29,899,102PYTotalRevenueAmt
CY Total Revenue$29,175,132CYTotalRevenueAmt
PY Grants And Similar Paid$103,903PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$80,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$18,574,049PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$19,957,379CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$10,267,693PYOtherExpensesAmt
CY Other Expenses$7,098,068CYOtherExpensesAmt
PY Total Expenses$28,945,645PYTotalExpensesAmt
CY Total Expenses$27,135,447CYTotalExpensesAmt
PY Revenues Less Expenses$953,457PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,039,685CYRevenuesLessExpensesAmt
Total Assets BOY$25,746,317TotalAssetsBOYAmt
Total Assets EOY$27,899,988TotalAssetsEOYAmt
Total Liabilities BOY$12,390,591TotalLiabilitiesBOYAmt
Total Liabilities EOY$12,533,510TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$13,355,726NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$15,366,478NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionPromotes the business of banking and encourages the development of sound banking and financial policies and practices.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant ChangeYes (1)SignificantChangeInd
DescIdentifies impacts of pending legislation and regulation affecting the financial services industry and develops and advocates solutions to major policy concerns.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescBITS 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.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document27IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee67EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (1)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members17GoverningBodyVotingMembersCnt
Independent Voting Member17IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Tonny WellingBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2022894322PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1600 13th Street NW Suite 400AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20005ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Brian Moynihan
Chairman (1/20-6/20) Director (7/20-12/20)1.00Yes (X)Yes (X)$0$0$0
William Demchak
Chairman (7/20-12/20) Director (1/20-6/20)1.00Yes (X)Yes (X)$0$0$0
Andy Cecere
Director1.00Yes (X)$0$0$0
Jamie Dimon
Director1.00Yes (X)$0$0$0
Curtis C Farmer
Director (7/20-12/20)1.00Yes (X)$0$0$0
Michael Corbat
Director1.00Yes (X)$0$0$0
Todd Gibbons
Director1.00Yes (X)$0$0$0
Beth Mooney
Director (1/20-5/20)1.00Yes (X)$0$0$0
Christopher Gorman
Director (5/20-12/20)1.00Yes (X)$0$0$0
Kelly King
Director1.00Yes (X)$0$0$0
Bharat Masrani
Director1.00Yes (X)$0$0$0
Ronald O'Hanley
Director1.00Yes (X)$0$0$0
Charlie Scharf
Director1.00Yes (X)$0$0$0
Jes Staley
Director1.00Yes (X)$0$0$0
Kessel Stelling
Director1.00Yes (X)$0$0$0
John M Turner
Director1.00Yes (X)$0$0$0
Bruce Van Saun
Director1.00Yes (X)$0$0$0
Darryl White
Director (7/20-12/20)1.00Yes (X)$0$0$0
Richard Fairbank
Director (1/20-6/20)1.00Yes (X)$0$0$0
Greg Carmichael
Director (1/20-6/20)1.00Yes (X)$0$0$0
Greg Baer
President & CEO40.00Yes (X)$2,629,011$0$55,2061.00
Kenneth Troshinsky
Chief Operating Officer &40.00Yes (X)$237,727$0$22,987
George Forsberg
Chief Financial Officer40.00Yes (X)$99,630$0$6,279
Kate Childress
EVP, Public Affairs40.00$1,047,107$0$27,5891.00Yes (X)
John Court
SVP & General Counsel40.00$719,837$0$56,769Yes (X)
Chris Feeney
EVP & President, BITS40.00$807,051$0$63,944Yes (X)
Bill Nelson
EVP & Chief Economist40.00$953,199$0$30,3981.00Yes (X)
Francisco Covas
SVP, Head of Research40.00$645,962$0$49,102Yes (X)
Gregg Rozansky
SVP, Sr. Assoc. General Co40.00$579,810$0$25,650Yes (X)
Michael Lee
SVP, Head of Government Re40.00$546,205$0$56,481Yes (X)
David Wagner
SVP, Deputy General Counsel40.00$463,912$0$34,642Yes (X)
Brett Waxman
SVP, Sr. Assoc. General Co40.00$457,695$0$46,457Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$9,187,146TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$475,504TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K47IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Sullivan & Cromwell LLP
125 Broad StreetNew YorkNY10004Consulting$1,633,615
Covington & Burling
850 10th Street NWWashingtonDC20001Consulting$510,500
Narrative Strategies
1401 H Street NWWashingtonDC20005Consulting$292,500
The Boston Consulting Group
2 Embarcadero Center 2400San FranciscoCA94111Consulting$285,000
WilmerHale
1875 Pennsylvania Avenue NWWashingtonDC20006Consulting$164,500
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K7CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Membership dues900099$28,456,125$28,456,125
Meetings & conferences900099$24,500$24,500
FieldValueIRS element (for citing)
Total Program Service Revenue$28,480,625TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$79,321TotalRevenueColumnAmt
Exclusion$79,321ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,639TotalRevenueColumnAmt
Exclusion$3,639ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$34,623RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$34,623RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescNet unrelated partnership incomeDesc
Business518210BusinessCd
Total Revenue Column$611,547TotalRevenueColumnAmt
Unrelated Business Revenue$611,547UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$611,547OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$29,175,132TotalRevenueColumnAmt
Related Or Exempt Func Income$28,480,625RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$611,547UnrelatedBusinessRevenueAmt
Exclusion$82,960ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$80,000TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$6,884,343TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$10,303,032TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$974,892TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$692,054TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,103,058TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$137,268TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$29,211TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,463,853TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$589,675TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$352,737TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,550,137TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$114,032TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$129,621TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$457,504TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$75,990TotalAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmt
Unrelated bus. inc. tax$194,349
Other taxes$3,691

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$27,135,447TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$18,022,334BOYAmt
EOY$20,405,146EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,073,248BOYAmt
EOY$1,078,214EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,052,267BOYAmt
EOY$839,500EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$437,886BOYAmt
EOY$268,127EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,370,591LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,396,640LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,578,260BOYAmt
EOY$1,973,951EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$1,587,213BOYAmt
EOY$1,551,258EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,995,109BOYAmt
EOY$1,783,792EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$25,746,317BOYAmt
EOY$27,899,988EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$8,707,209BOYAmt
EOY$8,835,568EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,641,380BOYAmt
EOY$1,940,500EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,042,002BOYAmt
EOY$1,757,442EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,390,591BOYAmt
EOY$12,533,510EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$13,355,726BOYAmt
EOY$15,366,478EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,355,726BOYAmt
EOY$15,366,478EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$25,746,317BOYAmt
EOY$27,899,988EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$2,039,685ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$96,391NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$125,324OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd
Dues Assessments$28,456,125DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$1,960,000NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$1,960,000NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$2,497,000AggregateReportedDuesNtcAmt
Taxable-$537,000TaxableAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,075,794OtherCostOrOtherBasisAmt
Depreciation$1,568,364DepreciationAmt
Book Value$1,507,430BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$985,760OtherCostOrOtherBasisAmt
Depreciation$792,930DepreciationAmt
Book Value$192,830BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$309,037OtherCostOrOtherBasisAmt
Depreciation$35,346DepreciationAmt
Book Value$273,691BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,973,951TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescInvestment in fTLDDesc
Book Value$1,551,258BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$1,551,258TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
Deposits$49,913
Assets held under deferred compensation plan$526,132
Prepaid pension asset$1,207,747
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,783,792TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Deferred rent$1,231,310
Deferred compensation liabilities$526,132
FieldValueIRS element (for citing)
Total Liability$1,757,442TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$29,180,822TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$96,391NetUnrealizedGainsInvstAmt
Other Revenue-$125,324OtherRevenueAmt
Revenue Not Reported-$28,933RevenueNotReportedAmt
Revenue Subtotal$29,209,755RevenueSubtotalAmt
Other Revenues Not Included-$34,623OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$34,623RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$29,175,132TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$27,170,070TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$34,623OtherExpensesIncludedAmt
Expenses Not Reported$34,623ExpensesNotReportedAmt
Expenses Subtotal$27,135,447ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$27,135,447TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 -178,217. Book to tax (K-1) 52,893.
Part XI, Line 4b - Other Adjustments:Rental expense -34,623.
Part XII, Line 2d - Other Adjustments:Rental expense 34,623.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
Columbia University
420 West 118th StreetNew YorkNY10027135598093501(c)(3)$50,000Donation to School of International & Public Affairs
Program on Int'l Financial Systems
134 Mount Auburn StreetCambridgeMA02138822586755501(c)(3)$5,000Symposium Sponsorship
Black Economic Alliance
700 13th St NW Suite 600WashingtonDC20005824578595501(c)(4)$25,0002020 Donation for General Support
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationThe 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Greg Baer
President & CEO$623,077$0$2,000,000$0$5,934$0$25,650$0$29,556$0$2,684,217$0$0$0
Kate Childress
EVP, Public Affairs$627,818$0$415,000$0$4,289$0$25,650$0$1,939$0$1,074,696$0$0$0
Bill Nelson
EVP & Chief Economist$438,036$0$510,000$0$5,163$0$25,650$0$4,748$0$983,597$0$0$0
Chris Feeney
EVP & President, BITS$482,148$0$310,000$0$14,903$0$39,900$0$24,044$0$870,995$0$0$0
John Court
SVP & General Counsel$378,598$0$340,000$0$1,239$0$25,650$0$31,119$0$776,606$0$0$0
Francisco Covas
SVP, Head of Research$414,558$0$230,000$0$1,404$0$19,546$0$29,556$0$695,064$0$0$0
Gregg Rozansky
SVP, Sr. Assoc. General Co$358,613$0$220,000$0$1,197$0$25,650$0$0$0$605,460$0$0$0
Michael Lee
SVP, Head of Government Re$361,712$0$183,000$0$1,493$0$25,362$0$31,119$0$602,686$0$0$0
Brett Waxman
SVP, Sr. Assoc. General Co$269,089$0$188,028$0$578$0$20,368$0$26,089$0$504,152$0$0$0
David Wagner
SVP, Deputy General Counsel$311,902$0$149,519$0$2,491$0$19,978$0$14,664$0$498,554$0$0$0
Kenneth Troshinsky
Chief Operating Officer &$225,717$0$10,000$0$2,010$0$11,724$0$11,263$0$260,714$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, line 3The Housing Policy Council is no longer a part of BPI.
Form 990, Part VI, Section A, line 6The 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 7aThe Institute's directors are elected by the membership.
Form 990, Part VI, Section A, line 7bAny amendments to the Insitute's Bylaws are required to be approved by the membership.
Form 990, Part VI, Section B, line 11bThe 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 12cThe 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 15An 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 19The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
Form 990, Part VI, Section B, Line 12b:BPI has a conflicts of interest policy that applies to all officers and employees, and all suchindividuals are required to certify compliance at time of commencement of employment and annually thereafter. Individuals are required to disclose any potential conflicts to BPI's CEO and/or General Counsel, who will assess the facts and take the appropriate action. Separately, BPI's bylaws address conflicts of interest for members of BPI's board of directors, but BPI does not require directors to certify compliance."
Form 990, Part IX, line 11gConsulting 3,414,508. Professional development 26,506. Payroll processing 22,839.
Form 990, Part XI, line 9:Change in benefit plan obligation -178,217. Book to tax (K-1) 52,893.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndPublic Charity StatusPublicCharityStatusTxt
Bank Policy Institute PAC
600 13th Street NW Suite 400WashingtonDC20005530242039Political Action CommitteeDC527Bank Policy InstituteYes (1)
Bank Policy Institute Foundation
600 13th Street NW Suite 400WashingtonDC20005262353925Grants and scholarshipsDC501(c)(3)Bank Policy InstituteYes (1)Section 170(b)(1)(A)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1fTLD Registry Services LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11120 Connecticut Avenue NWAddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
EIN454083790EIN
Primary ActivitiesOperate financial services TLDs to promote safety and security.PrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd
Direct Controlling NAN/ADirectControllingNACd
Predominant Income TypeUnrelatedPredominantIncomeTypeTxt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing PartnerYes (1)GeneralOrManagingPartnerInd
Ownership0.33330OwnershipPct
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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