Institute Of International Bankers
- Assets
- $7.8m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 06/1973
- Data as of
- 12/2022
- EIN
- 23-7296309
Organization Overview
Institute Of International Bankers is located in New York, NY. The organization was established in 1973. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Institute Of International Bankers employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of International Bankers is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Institute Of International Bankers generated $5.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $6.2m during the year ending 12/2022. While expenses have increased by 8.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL RISK MANAGEMENT AND REGULATORY EXAMINATION/COMPLIANCE ISSUES SEMINAR. THIS ONE-DAY PROGRAM HELD EACH OCTOBER FEATURES EXTENSIVE PARTICIPATION BY TOP FEDERAL AND STATE BANK REGULATORY OFFICIALS AT THE POLICY AND SUPERVISORY LEVEL AS WELL AS LEADING PRIVATE SECTOR EXPERTS. THE PROGRAM FACILITATES THE COMPLIANCE EFFORTS OF OUR MEMBER INSTITUTIONS BY PROVIDING THEM WITH DEFINITIVE AND TIMELY INFORMATION ON CRITICAL EXAMINATION AND SUPERVISION ISSUES AS WELL AS BEST PRACTICES.
ANNUAL ANTI-MONEY LAUNDERING SEMINAR. THIS ONE-DAY SEMINAR HELD EACH MAY BRINGS TOGETHER GOVERNMENT OFFICIALS FROM LOCAL, STATE AND FEDERAL AGENCIES, AND PRIVATE SECTOR EXPERTS, WHO PROVIDE A DETAILED AND AUTHORITATIVE REVIEW OF KEY ISSUES AND DEVELOPMENTS AFFECTING INTERNATIONALLY HEADQUARTERED BANKING/FINANCIAL INSTITUTIONS OPERATING IN THE UNITED STATES.
ANNUAL SEMINAR ON U.S. TAXATION OF INTERNATIONAL BANKS. THIS TWO-DAY SEMINAR HELD EACH JULY BRINGS TOGETHER GOVERNMENT OFFICIALS FROM THE TREASURY/IRS AND PRIVATE SECTOR TAX EXPERTS, WHO PROVIDE A DETAILED AND AUTHORITATIVE REVIEW OF KEY TAX ISSUES AND DEVELOPMENTS AFFECTING INTERNATIONALLY HEADQUARTERED BANKING/FINANCIAL INSTITUTIONS OPERATING IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Karna Chair Finance & Audit | Trustee | 1.5 | $0 |
Atsushi Shibukawa Trustee | Trustee | 1 | $0 |
Bill Woodley Trustee | Trustee | 0.5 | $0 |
Brad Rothbaum Trustee | Trustee | 0.5 | $0 |
Carl F Amendola Trustee | Trustee | 1 | $0 |
Christiana Riley Trustee | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cleary Gottlieb Steen & Hamilton Dc Legal Fees | 12/30/22 | $649,424 |
Spencer Stuart Advisory Services | 12/30/22 | $217,310 |
Debevoise & Plimpton Legal Fees | 12/30/22 | $211,953 |
Rich Feuer Anderson Legal Consulting | 12/30/22 | $182,439 |
Ernst & Young Tax Legal Consulting | 12/30/22 | $194,559 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,687,125 |
| Investment income | $14,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,717,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,037,524 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $769,138 |
| Pension plan accruals and contributions | $101,845 |
| Other employee benefits | $340,016 |
| Payroll taxes | $123,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $633,157 |
| Fees for services: Accounting | $135,468 |
| Fees for services: Lobbying | $703,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,228 |
| Advertising and promotion | $3,395 |
| Office expenses | $79,213 |
| Information technology | $61,023 |
| Royalties | $0 |
| Occupancy | $91,001 |
| Travel | $68,758 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $347,134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $525,785 |
| Insurance | $22,305 |
| All other expenses | $7,279 |
| Total functional expenses | $6,219,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,700 |
| Savings and temporary cash investments | $3,152,208 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,689 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,000 |
| Net Land, buildings, and equipment | $219,612 |
| Investments—publicly traded securities | $948,249 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,021,633 |
| Total assets | $7,805,091 |
| Accounts payable and accrued expenses | $829,020 |
| Grants payable | $0 |
| Deferred revenue | $1,176,864 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,011,038 |
| Total liabilities | $5,016,922 |
| Net assets without donor restrictions | $2,788,169 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,805,091 |