NonprofitsBank Policy Institute

Bank Policy Institute

WASHINGTON, DC

Total revenue

$35.3M

Total expenses

$34.1M

Net assets

$15.6M

Grants received

EIN

360753125

Tax year

2024

Mission

Promotes the business of banking and encourages the development of sound banking policy.

Programs

1 program

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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$33.5M
Investment income$1.3M
Other revenue$500K
Total revenue$35.3M

Expenses

Grants paid$225K
Salaries & benefits$24.4M
Fundraising
Other expenses$9.5M
Total expenses$34.1M
Total assets$48.8M
Net assets$15.6M

People

35 listed

NameRoleCompensation

Greg Baer

President & CEO

Board

$3.1M

40 hrs/wk

Chris Gorman

Director (Ended June 2024)

Board

1 hrs/wk

Robin Vince

Director (Ended June 2024)

Board

1 hrs/wk

Bill Rogers

Director (Ended June 2024)

Board

1 hrs/wk

Bruce Van Saun

Director (Ended June 2024)

Board

1 hrs/wk

Steve Steinour

Director (Ended June 2024)

Board

1 hrs/wk

Rene Jones

Director

Board

1 hrs/wk

Jamie Dimon

Chairman

Board

1 hrs/wk

CS Venkatakrishnan

Director (Starting July 2024)

Board

1 hrs/wk

Richard Fairbank

Director (Starting July 2024)

Board

1 hrs/wk

Rick Wurster

Director (Starting July 2024)

Board

1 hrs/wk

Tim Spence

Director (Starting July 2024)

Board

1 hrs/wk

Kanetsugu Mike

Director (Starting July 2024)

Board

1 hrs/wk

John Turner

Director (Starting July 2024)

Board

1 hrs/wk

David Solomon

Director (Starting July 2024)

Board

1 hrs/wk

Brian Moynihan

Director

Board

1 hrs/wk

Jane Fraser

Director

Board

1 hrs/wk

Charlie Scharf

Director

Board

1 hrs/wk

Andy Cecere

Director (Ended June 2024)

Board

1 hrs/wk

Bharat Masrani

Director

Board

1 hrs/wk

Bill Demchak

Director

Board

1 hrs/wk

David McKay

Director

Board

1 hrs/wk

Ron O'Hanley

Director

Board

1 hrs/wk

Darryl White

Director (Ended June 2024)

Board

1 hrs/wk

Colm Kelleher

Director

Board

1 hrs/wk

Kate Childress

EVP, Public Affairs

Staff

$1.2M

40 hrs/wk

John Court

EVP General Counsel and COO

Staff

$1.1M

40 hrs/wk

Bill Nelson

EVP & Chief Economist

Staff

$1.0M

40 hrs/wk

Francisco Covas

EVP & President, BITS

Staff

$1.0M

40 hrs/wk

Chris Feeney

EVP, Head of Research

Staff

$833K

40 hrs/wk

Paige Pidano

SVP, ST Assoc GC & C0-head of Reg Affairs

Staff

$586K

40 hrs/wk

Brett Waxman

SVP, Senior Associate General Counsel

Staff

$541K

40 hrs/wk

Gregg Rozanksy

SVP, Senior Associate General Counsel

Staff

$539K

40 hrs/wk

Sean Oblack

SVP, Head of Communications

Staff

$525K

40 hrs/wk

Tabitha Edgens

SVP, SR. Assoc GC & CO-Head of Reg Affairs

Staff

$479K

40 hrs/wk

Independent contractors

Sullivan & Cromwell

Consulting

$2.2M

Gibson Dunn

Consulting

$949K

Safeguard World Intl Ltd

Payroll Services

$624K

The Herald Group

Consulting

$400K

WilmerHale

Consulting

$305K

Details

EIN360753125
Subsection06
Ruling date1994-01
Formed1994
Employees63
Volunteers0
BANK POLICY INSTITUTE — Mission, Financials & Grants Received | Grantivo