INSTITUTE OF INTERNATIONAL BANKERS: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- INSTITUTE OF INTERNATIONAL BANKERS (EIN 23-7296309)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202433199349304948
- Schema version
- 2023v5.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T10:39:22-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 873707167 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ MARKS PANETH LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 MANHATTANVILLE ROAD SUITE 402 | AddressLine1Txt |
| City | PURCHASE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10577 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237296309 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INSTITUTE OF INTERNATIONAL BANKERS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INST | BusinessNameControlTxt |
| Phone | 2124211611 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 5455 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10185 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BETH ZORC | PersonNm |
| Person Title | CHIEF EXECUTIVE OFFICER | PersonTitleTxt |
| Phone | 2124211611 | PhoneNum |
| Signature | 2024-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MAGDALENA CZERNIAWSKI | PreparerPersonNm |
| PTIN | P00535099 | PTIN |
| Phone | 9145249000 | PhoneNum |
| Preparation | 2024-11-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BETH ZORC | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 5455 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10185 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $13,268,749 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.IIB.ORG | WebsiteAddressTxt |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 1966 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | THE IIB REPRESENTS THE INTERESTS OF THE INTERNATIONAL BANKING COMMUNITY BEFORE U.S. LEGISLATIVE/REGULATORY BODIES LIAISES WITH INTERNATIONAL REGULATORY BODIES SERVES AS A SOURCE OF INFORMATION TO THE MEDIA AND OTHER INTERESTED PARTIES PROVIDES A FORUM FOR DISCUSSION OF ISSUES COMMON TO INTERNATIONAL BANKERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 28 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 12 | TotalEmployeeCnt |
| Total Volunteers | 29 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $5,687,125 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,504,989 | CYProgramServiceRevenueAmt |
| PY Investment Income | $14,587 | PYInvestmentIncomeAmt |
| CY Investment Income | $146,256 | CYInvestmentIncomeAmt |
| PY Other Revenue | $15,759 | PYOtherRevenueAmt |
| CY Other Revenue | $14,028 | CYOtherRevenueAmt |
| PY Total Revenue | $5,717,471 | PYTotalRevenueAmt |
| CY Total Revenue | $6,665,273 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,372,359 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,302,730 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,846,851 | PYOtherExpensesAmt |
| CY Other Expenses | $3,397,977 | CYOtherExpensesAmt |
| PY Total Expenses | $6,219,210 | PYTotalExpensesAmt |
| CY Total Expenses | $6,700,707 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$501,739 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$35,434 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,805,091 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,586,211 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,016,922 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,669,994 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,788,169 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,916,217 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE IIB REPRESENTS THE INTERESTS OF THE INTERNATIONAL BANKING COMMUNITY BEFORE U.S. LEGISLATIVE/REGULATORY BODIES LIAISES WITH INTERNATIONAL REGULATORY BODIES SERVES AS A SOURCE OF INFORMATION TO THE MEDIA AND OTHER INTERESTED PARTIES PROVIDES A FORUM FOR DISCUSSION OF ISSUES COMMON TO INTERNATIONAL BANKERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | ANNUAL WASHINGTON CONFERENCE: THE IIB'S ANNUAL WASHINGTON CONFERENCE BRINGS TOGETHER SENIOR EXECUTIVES OF INTERNATIONALLY HEADQUARTERED FINANCIAL INSTITUTIONS, WASHINGTON POLICYMAKERS, AND EXPERTS FROM LEADING PROFESSIONAL SERVICES FIRMS TO ADDRESS KEY POLICY AND BUSINESS ISSUES FACING INTERNATIONALLY HEADQUARTERED FINANCIAL INSTITUTIONS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REGULATORY COMPLIANCE CONFERENCE: THE REGULATORY COMPLIANCE CONFERENCE FEATURES SENIOR PRUDENTIAL AND MARKET REGULATORS WHO WILL SHARE THEIR INSIGHTS ON REGULATORY AGENDAS, SUPERVISORY EXPECTATIONS, AND ENFORCEMENT TRENDS. ATTENDEES WILL ALSO HEAR FROM PRIVATE-SECTOR EXPERTS WHO WILL DISCUSS THE LATEST DEVELOPMENTS AND EMERGING ISSUES IN COMPLIANCE FOR INTERNATIONALLY HEADQUARTERED FINANCIAL INSTITUTIONS, AS WELL AS OBSERVATIONS ON BEST PRACTICES FOR EFFECTIVE COMPLIANCE FRAMEWORKS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ANTI-MONEY LAUNDERING CONFERENCE: THE IIB'S ANNUAL ANTI-MONEY LAUNDERING CONFERENCE PROVIDES A FORUM FOR INTERNATIONAL BANKERS AND THEIR LEGAL AND COMPLIANCE ADVISORS TO HEAR FROM INDUSTRY LEADERS, FEDERAL AND STATE REGULATORS, AND PRIVATE-SECTOR EXPERTS ON THE HOTTEST TOPICS IN THE AML SPACE AND THE LATEST BSA/OFAC DEVELOPMENTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 17 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 12 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 28 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 28 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BETH ZORC - CHIEF EXECUTIVE OFFICER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2124211611 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 5455 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10185 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (45 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ANGIE KARNA | ||||||||
| CHAIR FINANCE & AUDIT (OUTGOING) | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ATSUSHI SHIBUKAWA | ||||||||
| TRUSTEE (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BILL WOODLEY | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BRAD ROTHBAUM | ||||||||
| TRUSTEE (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CARL F AMENDOLA | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTIANA RILEY | ||||||||
| TRUSTEE (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| GERRY KEEFE | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| GIACOMO FORNARI | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| GLENN GIBSON | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| HENRIK M STEFFENSEN | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ISSA N BACONI | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JAVIER RODRIGUEZ | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JC ALVAREZ DE SOTO | ||||||||
| TRUSTEE (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JEROME LE JAMTEL | ||||||||
| TRUSTEE (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOERG RIEGEL | ||||||||
| VICE CHAIR/REG POLICY (OUTGOING) | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JOHN GEREMIA | ||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JOHN PENN | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH LOFFREDO | ||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JUAN ALVAREZ | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARIO FUJII | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARK CAHANEY | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL FORLENZA | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| NOMITA SINGH | ||||||||
| TRUSTEE (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PAUL MILLELIRI | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PER DYRVIK | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PIERRE OSTERRATH | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RAFAEL ROLDOS-LEINDEKAR | ||||||||
| TRUSTEE (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD FERGUSON | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD HAWORTH | ||||||||
| BOARD CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| RICHARD SKOLLER | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ROGER BLISSETT | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SANDRA PETERSON | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SHAUN TAYLOR | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SOLA YOMI-AJAYI | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| TOMOHIRO YAMAZAKI | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| TONY DUNNE | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| VIRENDRA BANSAL | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BETHANY A ZORC | ||||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | Yes (X) | $625,755 | $0 | $19,350 | |||
| BRIGET POLICHENE | ||||||||
| CHIEF EXECUTIVE OFFICER (OUTGOING) | 40.00 | Yes (X) | $473,018 | $0 | $11,513 | |||
| JAMES STRYPE | ||||||||
| DIR. IT & INFRASTRUCTURE | 40.00 | $169,397 | $0 | $14,075 | Yes (X) | |||
| MICHELLE A MEERTENS | ||||||||
| DEPUTY GENERAL COUNSEL | 40.00 | $230,565 | $0 | $16,329 | Yes (X) | |||
| STEPHANIE WEBSTER | ||||||||
| GENERAL COUNSEL | 40.00 | $526,070 | $0 | $19,350 | Yes (X) | |||
| GARRETT D HAWKINS | ||||||||
| DIRECTOR OF COMMUNICATIONS | 40.00 | $148,124 | $0 | $8,550 | Yes (X) | |||
| JUSTIN M UNDERWOOD | ||||||||
| DIRECTOR OF GOVERNMENT RELATIONS (OUTGOING) | 40.00 | $205,194 | $0 | $10,718 | Yes (X) | |||
| MAURA CHRIST | ||||||||
| MEMBERSHIP DEVELOP MANAGER | 40.00 | $155,331 | $0 | $8,550 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,533,454 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $108,435 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CLEARY GOTTLIEB STEEN HAMILTON LLP | |||||
| ONE LIBERTY PLAZA | NEW YORK | NY | 10006 | LEGAL SERVICES | $1,132,864 |
| DEBEVOISE & PLIMPTON LLP | |||||
| 66 HUDSON BOULEVARD EAST | NEW YORK | NY | 10001 | LEGAL SERVICES | $234,463 |
| RICH FEUER ANDERSON LLC | |||||
| 1133 CONNECTICUT AVE NW SUITE 620 | WASHINGTON | DC | 20036 | LEGAL SERVICES | $192,675 |
| ERNST YOUNG LLP | |||||
| P O BOX 640382 | PITTSBURGH | PA | 152640382 | ADVISORY SERVICES | $160,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP DUES | 611430 | $5,404,300 | $5,404,300 |
| CONFERENCE | 611430 | $536,105 | $536,105 |
| SEMINARS AND WORKSHOPS | 611430 | $233,889 | $233,889 |
| MEMBERSHIP LUNCHEON SEMINAR | 611430 | $132,640 | $132,640 |
| COMPLIANCE SEMINAR | 611430 | $104,430 | $104,430 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $93,625 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $93,625 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,504,989 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $119,741 | TotalRevenueColumnAmt |
| Exclusion | $119,741 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,629,991 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,603,476 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $26,515 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,515 | TotalRevenueColumnAmt |
| Exclusion | $26,515 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $14,028 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,028 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $14,028 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,665,273 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,519,017 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $146,256 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,105,422 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $763,023 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,919 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $222,160 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,206 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,322,862 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $394,314 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $352,151 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,970 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,576 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $534,648 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $121,479 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $383,020 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,172 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,652 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| BAD DEBT | $59,400 |
| MAINTENANCE | $34,250 |
| DUES AND SUBSCRIPTIONS | $13,483 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,700,707 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $374,700 | BOYAmt |
| EOY | $245,453 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,152,208 | BOYAmt |
| EOY | $3,321,219 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,689 | BOYAmt |
| EOY | $57,335 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,000 | BOYAmt |
| EOY | $145,544 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $407,608 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $225,168 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $219,612 | BOYAmt |
| EOY | $182,440 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $948,249 | BOYAmt |
| EOY | $3,159,998 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,021,633 | BOYAmt |
| EOY | $3,474,222 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,805,091 | BOYAmt |
| EOY | $10,586,211 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $829,020 | BOYAmt |
| EOY | $655,078 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,176,864 | BOYAmt |
| EOY | $3,541,995 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,011,038 | BOYAmt |
| EOY | $3,472,921 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,016,922 | BOYAmt |
| EOY | $7,669,994 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,788,169 | BOYAmt |
| EOY | $2,916,217 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,788,169 | BOYAmt |
| EOY | $2,916,217 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,805,091 | BOYAmt |
| EOY | $10,586,211 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$35,434 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $79,300 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $84,182 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | Yes (1) | AgreeCarryoverPriorYearInd |
| Dues Assessments | $5,404,300 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $394,314 | NonDeductibleLbbyngPltclCYAmt |
| Non Ded Lbbyng Pltcl Cyov | $136,951 | NonDedLbbyngPltclCyovAmt |
| Non Deductible Lbbyng Pltcl Tot | $531,265 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $772,815 | AggregateReportedDuesNtcAmt |
| Taxable | -$241,550 | TaxableAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $164,664 | OtherCostOrOtherBasisAmt |
| Depreciation | $73,036 | DepreciationAmt |
| Book Value | $91,628 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $242,944 | OtherCostOrOtherBasisAmt |
| Depreciation | $152,132 | DepreciationAmt |
| Book Value | $90,812 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $182,440 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| SECURITY DEPOSIT | $6,592 |
| OPERATING LEASE RIGHT OF USE ASSET | $3,467,630 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $3,474,222 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE | Desc |
| Amt | $3,472,921 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,472,921 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $6,744,573 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $79,300 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $79,300 | RevenueNotReportedAmt |
| Revenue Subtotal | $6,665,273 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $6,665,273 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,700,707 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $6,700,707 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,700,707 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | IIB HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740 ("INCOME TAXES"), WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. IIB IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BETHANY A ZORC | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $625,215 | $0 | $0 | $0 | $540 | $0 | $10,800 | $0 | $8,550 | $0 | $645,105 | $0 | $0 | $0 |
| STEPHANIE WEBSTER | ||||||||||||||
| GENERAL COUNSEL | $473,828 | $0 | $51,000 | $0 | $1,242 | $0 | $10,800 | $0 | $8,550 | $0 | $545,420 | $0 | $0 | $0 |
| BRIGET POLICHENE | ||||||||||||||
| CHIEF EXECUTIVE OFFICER (OUTGOING) | $112,127 | $0 | $360,000 | $0 | $891 | $0 | $10,800 | $0 | $713 | $0 | $484,531 | $0 | $0 | $0 |
| MICHELLE A MEERTENS | ||||||||||||||
| DEPUTY GENERAL COUNSEL | $195,823 | $0 | $33,500 | $0 | $1,242 | $0 | $7,779 | $0 | $8,550 | $0 | $246,894 | $0 | $0 | $0 |
| JUSTIN M UNDERWOOD | ||||||||||||||
| DIRECTOR OF GOVERNMENT RELATIONS (OU | $204,969 | $0 | $0 | $0 | $225 | $0 | $6,493 | $0 | $4,225 | $0 | $215,912 | $0 | $0 | $0 |
| JAMES STRYPE | ||||||||||||||
| DIR. IT & INFRASTRUCTURE | $154,587 | $0 | $14,000 | $0 | $810 | $0 | $5,525 | $0 | $8,550 | $0 | $183,472 | $0 | $0 | $0 |
| MAURA CHRIST | ||||||||||||||
| MEMBERSHIP DEVELOP MANAGER | $143,557 | $0 | $11,000 | $0 | $774 | $0 | $0 | $0 | $8,550 | $0 | $163,881 | $0 | $0 | $0 |
| GARRETT D HAWKINS | ||||||||||||||
| DIRECTOR OF COMMUNICATIONS | $147,719 | $0 | $0 | $0 | $405 | $0 | $0 | $0 | $8,550 | $0 | $156,674 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | BONUSES IN THE ORGANIZATION ARE APPROVED BY THE TREASURER AND THE COMPENSATION COMMITTEE. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS. THE MEMBER ARE BANKING/FINANCIAL ORGANIZATIONS HEADQUARTERED OUTSIDE THE UNITED STATES THAT OPERATE IN THE UNITED STATES THROUGH BRANCHES, AGENCIES, REPRESENTATIVE OFFICES, BANKING SUBSIDIARIES, SECURITIES FIRMS, INSURANCE COMPANIES AND/OR OTHER TYPES OF FINANCIAL INSTITUTIONS AND ALSO INCLUDES U.S. BANKS/FINANCIAL ORGANIZATIONS THE MAJORITY OF WHOSE OWNERSHIP IS OUTSIDE THE UNITED STATES. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER ORGANIZATION DESIGNATES A SINGLE VOTING REPRESENTATIVE TO ACT FOR SUCH MEMBER AT MEETINGS OF, AND IN RESPECT OF ANY PROCEEDINGS OR THE INSTITUTE OF INTERNATIONAL BANKERS ("INSTITUTE") ORGANIZATION. EACH MEMBER ORGANIZATION NEEDS TO NOTIFY THE INSTITUTE IN WRITING WHO SUCH REPRESENTATIVE IS. AT THE ANNUAL MEETING OF THE MEMBER ORGANIZATION THE REPRESENTATIVES ELECT THE BOARD OF TRUSTEES. EACH TRUSTEE SHALL BE EMPLOYED THROUGHOUT THEIR TERM BY A MEMBER ORGANIZATION SO THAT THE TRUSTEE'S TERM SHALL TERMINATE AUTOMATICALLY UPON THE TERMINATION OF SUCH EMPLOYMENT. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS OF THE INSTITUTE CAN AMEND THE BY-LAWS. THE BY-LAWS MAY ALSO BE AMENDED BY THE BOARD OF TRUSTEES IN ACCORDANCE WITH NEW YORK NOT-FOR-PROFIT CORPORATION LAW. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE MANAGEMENT, THE TREASURER AND THE EXTERNAL AUDITOR. A COPY OF THE FILING IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION DOES HAVE A CONFLICT OF INTEREST POLICY. ON ANNUAL BASIS THE ORGANIZATION REQUIRES BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEE TO CONFIRM THEY ARE IN COMPLIANCE WITH THE POLICY INCLUDING DISCLOSE OF ANY CONFLICTS THAT COULD ARISE. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY AND PROCEEDINGS ARE CONTEMPORANEOUSLY DOCUMENTED. SALARIES FOR KEY EMPLOYEES ARE SET BY THE CEO AND REVIEWED BY THE COMPENSATION COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ORGANIZATION'S OFFICES UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |