NonprofitsGlobal Associations Of Risk Proffesionals Inc

Community Improvement & Capacity Building

Global Associations Of Risk Proffesionals Inc

JERSEY CITY, NJ

Total revenue

$41.4M

Total expenses

$42.7M

Net assets

$42.4M

Grants received

EIN

020571577

Tax year

2024

Mission

To advance the risk profession through education, training & the promotion of best practices globally.

Programs

3 programs

See schedule obenchmarking initiative and risk intelligence garp benchmarking initiative (gbi): in this time of increasing economic globalization and market interconnectedness, the causes of and approaches to dealing with global systemic risk issues are of immense importance. Banks as well as their regulators are in need of ways to appropriately develop, implement and analyze studies to test and benchmark bank risk systems and approaches. Gbi is playing a major and globally unique role in analyzing the processes related to hypothetical portfolio exercises, quantitative impact studies, and other much needed benchmarking activities.risk intelligence: keeping up with the ever-evolving risk landscape is challenging, but essential for risk professionals and the industry to collectively safeguard the world's financial markets. Garp delivers critical risk intelligence: industry surveys, special reports, news, analysis, whitepapers, webinars and more, to ensure that the community has the very latest intelligence to drive informed decision making.

Annual conference: the organization offers an annual conference in addition to occasional seminars and other event programs, offers discounts on garp and other third-party publications, a membership program, and offers access to a career center to post resumes and search for job opportunities.

Connecting the risk leadership and the global risk community: addressing risk is a team effort, and with over 112,000 members in 150 countries and territories - garp members are making a difference. Garp membership provides the community with engagement opportunities to have a voice in industry research, unparalleled networking opportunities, access to risk intelligence, and much, much more. Our conventions, together with 51 chapter directors representing 29 chapters in more than a dozen countries around the world, give the community the opportunity to meet and learn from one another. Additionally, our continuing professional development (cpd) program offers risk professionals access to the very latest in risk education, paving the way for a clear view of the risk horizon.ongoing dialog between regulators, practitioners and leading academic experts is critical to help better understand and solve for the ever-increasing number of financial and operational risk challenges facing the world's markets today. It's important for this kind of dialog to be open, objective and not motivated by partisan agenda. We facilitate objective and non-partisan dialogue through regularly hosting global risk forums where regulators, practitioners, and leading academics collectively and collaboratively address important risk issues.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$37.0M
Investment income$3.0M
Other revenue$1.4M
Total revenue$41.4M

Expenses

Grants paid$4K
Salaries & benefits$24.9M
Fundraising
Other expenses$17.8M
Total expenses$42.7M
Total assets$61.2M
Net assets$42.4M

People

22 listed

NameRoleCompensation

RICHARD APOSTOLIK

PRESIDENT & CEO

Board

$2.0M

45 hrs/wk

PRISCELLA CERVANTES

CFO/CAO

Board

$843K

38 hrs/wk

FRANK RONCEY

TRUSTEE

Board

1 hrs/wk

ALAN SMITH

TRUSTEE

Board

1 hrs/wk

PETER TUFANO

TRUSTEE

Board

1 hrs/wk

LEWIS O'DONALD

TRUSTEE

Board

1 hrs/wk

VICTOR NG

TRUSTEE

Board

1 hrs/wk

JACQUES LONGERSTAEY

TRUSTEE

Board

1 hrs/wk

STUART LEWIS

TRUSTEE

Board

1 hrs/wk

GEOFFREY GREENER

TRUSTEE

Board

1 hrs/wk

ANDREW GRAY

TRUSTEE

Board

1 hrs/wk

BEN GOLUB

TRUSTEE

Board

1 hrs/wk

ALESSA QUANE

TRUSTEE

Board

1 hrs/wk

BRADFORD HU

CHAIRMAN

Board

1 hrs/wk

CHRISTOPHER J DONOHUE

MANAGING DIRECTOR

Staff

$1.1M

50 hrs/wk

RACHEL LERNER

GENERAL COUNSEL

Staff

$838K

40 hrs/wk

JOANNA PAISLEY

CO PRESIDENT GRI

Staff

$726K

40 hrs/wk

WILLIAM HENRY MAY

SVP, GLOBAL HEAD OF RESEARCH

Staff

$688K

40 hrs/wk

MICHAEL WILLIAM SELL

HEAD OF BUSINESS DEVELOPMENT

Staff

$569K

40 hrs/wk

JEFFREY MAH

CIO

Staff

$493K

40 hrs/wk

JULIAN HUNGCHUN CHEN

SVP, CERTIFICATION AND EDU

Staff

$440K

40 hrs/wk

LILY PAN

MANAGING DIRECTOR

Staff

$333K

40 hrs/wk

Independent contractors

FULTRAN SOLUTIONS INC

IT SERVICES

$975K

BEIJING ZHONG CHENG YU DA EDUCATION

RISK PROGRAM

$843K

GENISIS TECHNOLOGY SOLUTIONS INC

IT SERVICES

$332K

ROONEYPARTNERS LLC

MARKETING

$289K

BACAL LAW GROUP PC

LEGAL

$253K

Details

EIN020571577
NTEE codeS41
Subsection06
Ruling date2004-02
Formed2002
Employees93
Volunteers0
GLOBAL ASSOCIATIONS OF RISK PROFFESIONALS INC — Mission, Financials & Grants Received | Grantivo