Nonprofit · EIN 36-0753125
BANK POLICY INSTITUTE
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $35,312,939 | $34,116,822 | $1,196,117 | $48,770,558 | $33,196,717 | $15,573,841 |
| December 31, 2023 | 990 (amended) | $31,509,714 | $31,663,890 | -$154,176 | $49,419,204 | $34,965,137 | $14,454,067 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $33,538,076
- Investment income
- $1,274,419
- Other revenue
- $500,444
Expenses
- Grants and similar amounts paid
- $225,000
- Compensation of officers, directors and key employees
- $8,595,502
- Other salaries and wages
- $12,500,083
- Salaries, compensation and benefits (total)
- $24,398,087
- Professional fundraising fees
- $0
- Legal fees
- $86,816
- Accounting fees
- $33,075
- Occupancy
- $1,042,281
- Travel
- $465,027
- Depreciation
- $885,431
Balance sheet and other
- Total assets, start of year
- $49,419,204
- Total assets, end of year
- $48,770,558
- Total liabilities, end of year
- $33,196,717
- Net assets, end of year
- $15,573,841
- Land, buildings and equipment
- $4,955,426
- Publicly traded securities
- $8,081,799
- Net assets without donor restrictions
- $15,573,841
- Gross unrelated business income
- $500,444
- Gross receipts
- $35,312,939
- Employees
- 63
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Greg Baer | President & CEO Officer | 40 | $3,119,362 | $63,550 |
| Kate Childress | EVP, Public Affairs Key employee | 40 | $1,166,987 | $31,479 |
| John Court | EVP General Counsel and COO Key employee | 40 | $1,114,464 | $65,228 |
| Bill Nelson | EVP & Chief Economist Key employee | 40 | $1,035,062 | $36,847 |
| Francisco Covas | EVP & President, BITS Key employee | 40 | $1,002,599 | $65,150 |
| Chris Feeney | EVP, Head of Research Key employee | 40 | $833,256 | $61,518 |
| Paige Pidano | SVP, ST Assoc GC & C0-head of Reg Affairs Highest-paid employee | 40 | $586,272 | $61,610 |
| Brett Waxman | SVP, Senior Associate General Counsel Highest-paid employee | 40 | $540,727 | $60,010 |
| Sean Oblack | SVP, Head of Communications Highest-paid employee | 40 | $524,508 | $61,610 |
| Gregg Rozanksy | SVP, Senior Associate General Counsel Highest-paid employee | 40 | $538,817 | $31,479 |
| Tabitha Edgens | SVP, SR. Assoc GC & CO-Head of Reg Affairs Highest-paid employee | 40 | $479,389 | $28,650 |
| Jamie Dimon | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Brian Moynihan | Director Trustee or director | 1 | $0 | $0 |
| Jane Fraser | Director Trustee or director | 1 | $0 | $0 |
| Charlie Scharf | Director Trustee or director | 1 | $0 | $0 |
20 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Andy Cecere | Director (Ended June 2024) Trustee or director | 1 | $0 |
| Bharat Masrani | Director Trustee or director | 1 | $0 |
| Bill Demchak | Director Trustee or director | 1 | $0 |
| David McKay | Director Trustee or director | 1 | $0 |
| Ron O'Hanley | Director Trustee or director | 1 | $0 |
| Darryl White | Director (Ended June 2024) Trustee or director | 1 | $0 |
| Colm Kelleher | Director Trustee or director | 1 | $0 |
| Chris Gorman | Director (Ended June 2024) Trustee or director | 1 | $0 |
| Robin Vince | Director (Ended June 2024) Trustee or director | 1 | $0 |
| Bill Rogers | Director (Ended June 2024) Trustee or director | 1 | $0 |
| Bruce Van Saun | Director (Ended June 2024) Trustee or director | 1 | $0 |
| Steve Steinour | Director (Ended June 2024) Trustee or director | 1 | $0 |
| Rene Jones | Director Trustee or director | 1 | $0 |
| David Solomon | Director (Starting July 2024) Trustee or director | 1 | $0 |
| CS Venkatakrishnan | Director (Starting July 2024) Trustee or director | 1 | $0 |
| Richard Fairbank | Director (Starting July 2024) Trustee or director | 1 | $0 |
| Rick Wurster | Director (Starting July 2024) Trustee or director | 1 | $0 |
| Tim Spence | Director (Starting July 2024) Trustee or director | 1 | $0 |
| Kanetsugu Mike | Director (Starting July 2024) Trustee or director | 1 | $0 |
| John Turner | Director (Starting July 2024) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Greg Baer | President & CEO Officer | 40 | $2,983,900 | $62,707 |
| Kate Childress | EVP, Public Affairs Key employee | 40 | $1,153,614 | $31,179 |
| Bill Nelson | EVP & Chief Economist Key employee | 40 | $1,052,082 | $36,447 |
| John Court | EVP GC, Head of Reg Aff & COO Key employee | 40 | $1,017,806 | $62,718 |
| Francisco Covas | EVP, Head of Research Key employee | 40 | $832,501 | $62,718 |
| Chris Feeney | EVP & President, BITS Key employee | 40 | $819,596 | $61,256 |
| Paige Pidano | SVP, Senior Associate General Counsel Highest-paid employee | 40 | $639,606 | $61,863 |
| Edward Hill | SVP, Head of Government Relations Highest-paid employee | 40 | $583,942 | $61,977 |
| Brett Waxman | SVP, Senior Associate General Counsel Highest-paid employee | 40 | $546,492 | $59,167 |
| Gregg Rozanksy | SVP, Senior Associate General Counsel Highest-paid employee | 40 | $570,776 | $31,179 |
| Sean Oblack | SVP, Head of Communications Highest-paid employee | 40 | $486,057 | $62,718 |
| Jamie Dimon | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Brian Moynihan | Director Trustee or director | 1 | $0 | $0 |
| Jane Fraser | Director Trustee or director | 1 | $0 | $0 |
| Charlie Scharf | Director Trustee or director | 1 | $0 | $0 |
| Andy Cecere | Director Trustee or director | 1 | $0 | $0 |
| Bharat Masrani | Director (beginning July 2023) Trustee or director | 1 | $0 | $0 |
| Bill Demchak | Director (beginning July 2023) Trustee or director | 1 | $0 | $0 |
| Bill Rogers | Director Trustee or director | 1 | $0 | $0 |
| Richard Fairbank | Director (January 2023 - June 2023) Trustee or director | 1 | $0 | $0 |
| Robin Vince | Director Trustee or director | 1 | $0 | $0 |
| David McKay | Director (beginning July 2023) Trustee or director | 1 | $0 | $0 |
| Ron O'Hanley | Director (beginning July 2023) Trustee or director | 1 | $0 | $0 |
| Darryl White | Director (beginning July 2023) Trustee or director | 1 | $0 | $0 |
| Colm Kelleher | Director (beginning July 2023) Trustee or director | 1 | $0 | $0 |
| Bruce Van Saun | Director Trustee or director | 1 | $0 | $0 |
| Tim Spence | Director (January 2023 - June 2023) Trustee or director | 1 | $0 | $0 |
| Jean Laurent-Bonnafe | Director (January 2023 - June 2023) Trustee or director | 1 | $0 | $0 |
| Kanetsugu Mike | Director (January 2023 - June 2023) Trustee or director | 1 | $0 | $0 |
| Rene Jones | Director Trustee or director | 1 | $0 | $0 |
| Chris Gorman | Director (begininning July 2023) Trustee or director | 1 | $0 | $0 |
| Steve Steinour | Director Trustee or director | 1 | $0 | $0 |
| John Turner | Director (January 2023 - June 2023) Trustee or director | 1 | $0 | $0 |
| Bryan Jordan | Director (January 2023 - June 2023) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1300 EYE STREET NW SUITE 1100 WEST, WASHINGTON, DC 20005-4986
- Principal officer (990 for 2024)
- Greg Baer, 1300 I Street NW 1100W, Washington, DC 200053396
- Signed the 990
- John Court, EVP, General Counsel & COO
- Phone
- (202) 289-4322
- Website
- www.bpi.com
- Return prepared by
- Rogers & Company PLLC
Mission
Promotes the business of banking and encourages the development of sound banking policy.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-0753125
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $48,770,558
- Income (IRS master file)
- $35,312,939
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $35,312,939 | $34,116,822 | $48,770,558 | XML |
| 990 | December 2023 | $31,509,714 | $31,663,890 | $49,419,204 | XML |
| 990 | December 2022 | $30,476,068 | $31,172,714 | $41,812,574 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-0753125).
Questions about BANK POLICY INSTITUTE
- What is the EIN of BANK POLICY INSTITUTE?
- The employer identification number (EIN) of BANK POLICY INSTITUTE is 36-0753125.
- Is BANK POLICY INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
- Are donations to BANK POLICY INSTITUTE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BANK POLICY INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BANK POLICY INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BANK POLICY INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BANK POLICY INSTITUTE?
- The 990 for the year ended December 31, 2024 names Greg Baer.
- Who are the officers and directors of BANK POLICY INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 35 people; 11 received compensation from the organization, the highest $3,119,362 (Greg Baer, President & CEO).
- How much revenue does BANK POLICY INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $35,312,939, expenses of $34,116,822 and total assets of $48,770,558 at year end.
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