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Bpi Foundation FY2022 filing

Tax-deductible

Washington, DC501(c)(3)Education EIN 26-2353925Revenue $26K in FY2022

On file with the IRS1300 I St Nw Ste 1100w, 20005-3396 · Washington, DCTax-exempt since Sep 2008Private non-operating foundation

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The BPI Foundation is committed to improving the financial literacy of Americans of all ages and supporting the charitable giving of members of the Bank Policy Institute.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $48K a year · 360% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Plus $412K in investments, Pt X · Ln 11–13
Looks good: 20.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$26K
×3746 vs prior year
Spent
$31K
To programs
69%
Net assets
$453K
By yearFY2020–FY2024
Revenue
$26K
FY2022▲ ×3746
Tap a bar for its year
Revenue by fiscal year
FY2020$13K
FY2021$7
FY2022$26K
FY2023$14K
FY2024$15K
Expenses
$31K
FY2022▼ -51%
Tap a bar for its year
Expenses by fiscal year
FY2020$105K
FY2021$63K
FY2022$31K
FY2023$63K
FY2024$49K
Net assets
$453K
FY2022▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$542K
FY2021$479K
FY2022$453K
FY2023$460K
FY2024$470K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $21K Management & general 31% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Greg Baer
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bpi Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates Americans on financial literacy and supports charitable giving.

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Provided by the organization

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1 program · $21K · in their own filed words · FY2022
01

Grants

Grants are awarded to organizations that promote financial literacy or advance sound financial regulation and policy.

$21Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Faretra Bowden Family Foundation IncorporatedFY2024$1K
Total grants receivedfrom 1 funder$1K
Grants paid · 12 grants · $287K · 2020–2024
Committee on Capital Markets Regulation INCMA · FY2024$30,000
Program on Int'l Fin SystemsFY2024$11,000
Women in Housing and FinanceFY2024$5,000
Committee on Capital Markets Regulation INCMA · FY2023$50,000
Cities for Financial Empowerment Fund INCNY · FY2023$10,000
Program on International Financial Systems INCMA · FY2022$11,000
Program on International Financial Systems INCMA · FY2022$10,000
The Brookings InstitutionDC · FY2021$50,000
Program on International Financial Systems INCMA · FY2021$10,000
The Brookings InstitutionDC · FY2020$50,000
Unitemized GrantFY2020$35,000
Unitemized GrantFY2020$15,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$26K
Ln 12
Investment incomeLn 3$26K
Money outPt IX
$31K
Ln 25
Programscol B$21K
Managementcol C$10K
Owns and owesPt X
$453K
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$464K
LiabilitiesLn 26$11K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$26K
Total revenueLn 12$26K
Assets in detailPt X, end of year
CashLn 1$52K
Cash and savings togetherLn 1–2$52K
InvestmentsLn 11–13$412K
Total assetsLn 16$464K
LiabilitiesLn 26$11K
Net assetsLn 32$453K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$49K$52K
InvestmentsLn 11–13$665K$412K
Total assetsLn 16$715K$464K
LiabilitiesLn 26$235K$11K
Net assetsLn 32$479K$453K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$21K$21K
Accounting feesLn 11c$2K$2K
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$31K$21K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $15K$49K−$34K$470K 990 PDF
FY2023 $14K$63K−$49K$460K 990 PDF
FY2022 Viewing $26K$31K−$4K$453K 990 PDF
FY2021 $7$63K−$63K$479K 990 PDF
FY2020 $13K$105K−$92K$542K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $26,222 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7$26,222
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7$26,222
I-13 Grants and similar amounts paidPrior year $60,000$21,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,608$9,547
I-18 Total expensesPrior year $62,608$30,547
I-19 Revenue less expensesPrior year −$62,601−$4,325
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $26,222 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $26,222$26,222
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $26,222$26,222
Part IX · Statement of functional expenses $30,547 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $21,000$21,000
IX-11c Accounting feesManagement $1,800$1,800
IX-24 Other expenses (24a–d)Management $7,747$7,747
IX-25 Total functional expensesPrograms $21,000 · Management $9,547 · Fundraising $0$30,547
Part X · Balance sheet $464,285 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $49,465$51,935
X-11 Publicly traded securitiesStart of year $665,371$412,350
X-16 Total assetsStart of year $714,836$464,285
X-17 Accounts payable and accrued expensesStart of year $235,352$11,000
X-26 Total liabilitiesStart of year $235,352$11,000
X-27 Net assets without donor restrictionsStart of year $479,484$453,285
X-32 Total net assets or fund balancesStart of year $479,484$453,285
X-33 Total liabilities and net assetsStart of year $714,836$464,285
Part XI · Reconciliation of net assets $453,285 net assets at year end
XI-1 Total revenue$26,222
XI-2 Total expenses$30,547
XI-3 Revenue less expenses−$4,325
XI-4 Net assets at start of year$479,484
XI-5 Net unrealized gains (losses) on investments−$21,874
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$453,285

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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