GLOBAL ASSOCIATION OF RISK PROFESSIONALS INC Charity Report

Public IRS 990 nonprofit record

GLOBAL ASSOCIATION OF RISK PROFESSIONALS INC

EIN 02-0571577 · Chambers of Commerce & Business Leagues (S41)

What they do

GARP is THE WORLDS LEADING PROFESSIONAL ASSOCIATION for RISK MANAGERS, DEDICATED to THE ADVANCEMENT of THE PROFESSION THROUGH EDUCATION, RESEARCH, and THE PROMOTION of BEST PRACTICES. THE GLOBAL ASSOCIATION of RISK PROFESSIONALS (GARP) is A NOT-FOR-PROFIT ORGANIZATION and THE ONLY GLOBALLY RECOGNIZED MEMBERSHIP ASSOCIATION for RISK MANAGERS. GARPS GOAL is to HELP CREATE A CULTURE of RISK AWARENESS WITHIN ORGANIZATIONS, FROM ENTRY LEVEL to BOARD LEVEL. IN THE AREA of FINANCIAL RISK MANAGEMENT, GARP SETS THE GLOBAL STANDARD IN PROFESSIONAL DESIGNATION WITH THE FRM (FINANCIAL RISK MANAGER) CERTIFICATION and SCR (SUSTAINABILITY and CLIMATE) CERTIFICATE. THROUGH OUR EDUCATIONAL PROGRAMS, SPECIALIZED CONTENT, IN-PERSON or ONLINE EVENTS, and CHAPTER PROGRAM, GARP PROMOTES BEST PRACTICES IN RISK MANAGEMENT and SUPPORTS ONGOING PROFESSIONAL and CAREER DEVELOPMENT for RISK MANAGERS.

Before you give

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Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$103.00spent for every $100 of revenueSpending was higher than revenue this year.

$1.43in assets for every $1 spent this yearSome assets cannot be spent right away.

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Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,243,274 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $2,041,306 for RICHARD APOSTOLIK (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$41,441,148

Expenses$42,684,422

Annual shortfall $1,243,274 Expenses were higher than revenue for this filing year.

See all reported dollar amounts

Revenue$41,441,148

Expenses$42,684,422

Assets$61,229,289

Income$44,952,537

Stocks and bonds$41,757,375

Accounting fees$237,214

Investing fees$12,367

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICHARD APOSTOLIKPRESIDENT & CEO · 45 hrs/week $2,041,306Base $1,991,087 · Other $50,219

CHRISTOPHER J DONOHUEMANAGING DIRECTOR · 50 hrs/week $1,134,134Base $1,066,809 · Other $67,325

PRISCELLA CERVANTESCFO/CAO · 38 hrs/week $910,011Base $842,635 · Other $67,376

RACHEL LERNERGENERAL COUNSEL · 40 hrs/week $906,120Base $837,640 · Other $68,480

WILLIAM HENRY MAYSVP, GLOBAL HEAD OF RESEARCH · 40 hrs/week $758,436Base $687,753 · Other $70,683

JOANNA PAISLEYCO PRESIDENT GRI · 40 hrs/week $725,700

MICHAEL WILLIAM SELLHEAD OF BUSINESS DEVELOPMENT · 40 hrs/week $633,857Base $568,665 · Other $65,192

JEFFREY MAHCIO · 40 hrs/week $561,897Base $493,301 · Other $68,596

JULIAN HUNGCHUN CHENSVP, CERTIFICATION AND EDU · 40 hrs/week $511,239Base $439,945 · Other $71,294

LILY PANMANAGING DIRECTOR · 40 hrs/week $383,270Base $333,172 · Other $50,098

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

RICHARD APOSTOLIKPRESIDENT & CEO

CHRISTOPHER J DONOHUEMANAGING DIRECTOR

PRISCELLA CERVANTESCFO/CAO

RACHEL LERNERGENERAL COUNSEL

WILLIAM HENRY MAYSVP, GLOBAL HEAD OF RESEARCH

JOANNA PAISLEYCO PRESIDENT GRI

MICHAEL WILLIAM SELLHEAD OF BUSINESS DEVELOPMENT

JEFFREY MAHCIO

JULIAN HUNGCHUN CHENSVP, CERTIFICATION AND EDU

LILY PANMANAGING DIRECTOR

JACQUES LONGERSTAEYTRUSTEE

GEOFFREY GREENERTRUSTEE

ALAN SMITHTRUSTEE

LEWIS ODONALDTRUSTEE

FRANK RONCEYTRUSTEE

PETER TUFANOTRUSTEE

BRADFORD HUCHAIRMAN

BEN GOLUBTRUSTEE

ANDREW GRAYTRUSTEE

STUART LEWISTRUSTEE

VICTOR NGTRUSTEE

ALESSA QUANETRUSTEE

About this charity

Recognized since: January 2004
Location: 111 TOWN SQUARE PLACE 14TH FLR, JERSEY CITY, NJ 07310-1755
County: Hudson
In care of: % PRISCELLA CERVANTES
Primary officer: PRISCELLA CERVANTES, CFO

How to reach them

WebsiteVisit the charity’s website Phone(201) 719-7210 Officer phone(201) 719-7259

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: GRANT THORNTON ADVISORS LLC
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues