Third Party Risk Association FY2023 filing

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Our mission is to further the profession of Third Party Risk management through knowledge sharing and networking.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$163K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $136K a year · 18% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$163K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$183K
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$429K
+139% vs prior year
Spent
$412K
To programs
0%
Net assets
$106K
By yearFY2021–FY2025
Revenue
$429K
FY2023▲ +139%
Tap a bar for its year
Revenue by fiscal year
FY2021$53K
FY2022$180K
FY2023$429K
FY2024$699K
FY2025$1.1M
Expenses
$412K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$412K
FY2024$627K
FY2025$792K
Net assets
$106K
FY2023▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2021$111K
FY2022$89K
FY2023$106K
FY2024$168K
FY2025$486K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2019.

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

Who runs it and what they're paid

11 people listed on the 990; $163K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer and Co-Founder
$91,858Pt VII · Sec A
$44,869Pt VII · Sec A
Membership
$20,625Pt VII · Sec A
$5,789Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
Member of the Bboard
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Julie Gaiaschi’s $108K as Chief Executive Officer & Co-Founder is at the 24th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Julie Gaiaschi$108,000$103,780$91,858$66,731$10,000
Meghan Schrader—$59,423$44,869$27,600—
Heather Hadavy—$50,625$20,625——
Kelsey Manigly-Haney—$14,928———
Emily Chiong——$5,789——
Juan Blando—$4,568———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Advance third-party risk management through knowledge sharing and networking.

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1 program · in their own filed words · FY2023
01

Member Meetings (voting Eligible)

Monthly member meetings occurred in all of 2023. At 12/31/23, there were 940 voting-eligible members (391 in 2022, 155 in 2021). Member Meetings (Non-Voting Eligible) - Quarterly meetings have occurred during 2023. As of 12/31/23, there were xx (16 in 2022, 11 in 2021) non-voting eligible members.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$429K
Ln 12
Fees for servicesLn 2g$429K
Investment incomeLn 3$11
Money outPt IX
$412K
Ln 25
Owns and owesPt X
$106K
net assets · Ln 32
Cash and savingsLn 1–2$271K
Total assetsLn 16$289K
LiabilitiesLn 26$183K
PeoplePt VI, VII
11
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$429K
Investment incomeLn 3$11
Total revenueLn 12$429K
Assets in detailPt X, end of year
CashLn 1$160K
SavingsLn 2$110K
Cash and savings togetherLn 1–2$271K
Total assetsLn 16$289K
LiabilitiesLn 26$183K
Net assetsLn 32$106K
OperationsPt I, VI
EmployeesI 55
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$230K$271K
Total assetsLn 16$260K$289K
LiabilitiesLn 26$171K$183K
Net assetsLn 32$89K$106K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$193K
Pay of current officers, directors and key staffLn 5$172K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$5K
Payroll taxesLn 10$14K
Management feesLn 11a$0
Legal feesLn 11b$100
Accounting feesLn 11c$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$8K
Office expensesLn 13$3K
Information technologyLn 14$10K
RoyaltiesLn 15$0
OccupancyLn 16$0
Travel and entertainment for public officialsLn 18$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K
Total functional expensesLn 25$412K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$792K$318K$486K 990 PDF
FY2024 $699K$627K$71K$168K 990 PDF
FY2023 Viewing $429K$412K$17K$106K 990 PDF
FY2022 $180K$89K 990 PDF
FY2021 $53K$111K 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 FY2023 990 (6 parts)
Part I · Summary $428,687 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $96,105$428,676
I-10 Investment incomePrior year $7$11
I-11 Other revenuePrior year $83,547$0
I-12 Total revenuePrior year $179,659$428,687
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $87,245$193,363
I-15 Salaries and benefitsPrior year $104,062$191,667
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,275$26,560
I-18 Total expensesPrior year $201,582$411,590
I-19 Revenue less expensesPrior year −$21,923$17,097
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $428,687 across 5 lines filed
Lines not itemized here account for $633 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $428,043 · Unrelated business $0 · Excluded from tax $0$428,043
VIII-3 Investment incomeRelated to mission $11 · Unrelated business $0 · Excluded from tax $0$11
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $428,687 · Unrelated business $0 · Excluded from tax $0$428,687
Part IX · Statement of functional expenses $411,590 across 25 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$193,363
IX-5 Pay of current officers, directors and key staff$172,349
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$5,237
IX-10 Payroll taxes$14,081
IX-11a Management fees$0
IX-11b Legal fees$100
IX-11c Accounting fees$1,577
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$8,021
IX-13 Office expenses$3,258
IX-14 Information technology$9,703
IX-15 Royalties$0
IX-16 Occupancy$0
IX-18 Travel and entertainment for public officials$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$3,901
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$411,590
Part X · Balance sheet $288,992 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $169,959$160,416
X-2 Savings and temporary cash investmentsStart of year $60,117$110,129
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $29,717$18,447
X-16 Total assetsStart of year $259,793$288,992
X-17 Accounts payable and accrued expenses$8,824
X-19 Deferred revenueStart of year $171,054$174,332
X-26 Total liabilitiesStart of year $171,054$183,156
X-32 Total net assets or fund balancesStart of year $88,739$105,836
X-33 Total liabilities and net assetsStart of year $259,793$288,992
Part XI · Reconciliation of net assets $105,836 net assets at year end
XI-1 Total revenue$428,687
XI-2 Total expenses$411,590
XI-3 Revenue less expenses$17,097
XI-4 Net assets at start of year$88,739
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$105,836

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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