Nonprofit · EIN 87-3332370
CYBER RISK INSTITUTE
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,676,125 | $2,998,003 | $678,122 | $5,969,369 | $2,079,481 | $3,889,888 |
| December 31, 2023 | 990 | $3,131,602 | $2,804,844 | $326,758 | $5,178,810 | $1,967,044 | $3,211,766 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,593,315
- Investment income
- $82,810
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $801,330
- Other salaries and wages
- $783,106
- Salaries, compensation and benefits (total)
- $1,772,754
- Professional fundraising fees
- $0
- Legal fees
- $244,389
- Accounting fees
- $17,936
- Travel
- $93,097
- Depreciation
- $339,508
Balance sheet and other
- Total assets, start of year
- $5,178,810
- Total assets, end of year
- $5,969,369
- Total liabilities, end of year
- $2,079,481
- Net assets, end of year
- $3,889,888
- Land, buildings and equipment
- $924,511
- Net assets without donor restrictions
- $3,889,888
- Gross receipts
- $3,676,125
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Joshua Magri | CRI President & CEO, Non Voting Officer | 40 | $721,647 | $79,683 |
| John Goodman | SVP, CRI Highest-paid employee | 40 | $299,908 | $66,578 |
| Emily Beam | SVP, CRI Highest-paid employee | 40 | $320,463 | $31,105 |
| Angela Patel | SVP Tech/Standards Risk, CRI Highest-paid employee | 40 | $102,421 | $3,681 |
| Brad Manganello | CRI Board Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Jason Harrell | CRI Board Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Ankur Singhal | Director Trustee or director | 1 | $0 | $0 |
| Anthony Hines | Director Trustee or director | 1 | $0 | $0 |
| Barth Bailey | Director Trustee or director | 1 | $0 | $0 |
| Christopher Feeney | Director Trustee or director | 1 | $0 | $0 |
| Glenn Foster | Director Trustee or director | 1 | $0 | $0 |
| JD Denning | Director Trustee or director | 1 | $0 | $0 |
| Jennifer Buckner | Director Trustee or director | 1 | $0 | $0 |
| Jim Cebula | Director Trustee or director | 1 | $0 | $0 |
| Jonathan Ruf | Director Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joyce Flinn | Director Trustee or director | 1 | $0 |
| Katheryn Rosen | Director Trustee or director | 1 | $0 |
| Karl Schimmeck | Director Trustee or director | 1 | $0 |
| Mark Bruns | Director Trustee or director | 1 | $0 |
| Nicole Clement | Director Trustee or director | 1 | $0 |
| Paul Benda | Director Trustee or director | 1 | $0 |
| Phil Collett | Director Trustee or director | 1 | $0 |
| Philip Martin | Director Trustee or director | 1 | $0 |
| Stephanie Webster | Director Trustee or director | 1 | $0 |
| Susan Koski | Director Trustee or director | 1 | $0 |
| Tami Hudson | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Joshua Magri | CRI President & CEO Trustee or director, Officer | 40 | $642,058 | $59,178 |
| John Goodman | SVP, CRI Highest-paid employee | 40 | $309,174 | $60,615 |
| Emily Beam | SVP, CRI Highest-paid employee | 40 | $275,322 | $17,950 |
| Brad Manganello | CRI Board Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Jason Harrell | CRI Board Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Katheryn Rosen | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Tami Hudson | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Phil Collett | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Susan Koski | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Ann Hines | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Barth Bailey | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Jim Cebula | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| LeAnne Staalenburg | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Mark Bruns | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Joyce Flinn | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Karl Schimmeck | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Rick Davis | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Glenn Foster | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Christopher Feeney | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Thomas Wagner | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Stephanie Webster | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Paul Benda | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Philip Martin | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Jennifer Buckner | CRI Independent Director Trustee or director | 1 | $0 | $0 |
| Ankur Singhal | CRI Independent Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- CO BPI 1300 I STREET NW 1100W, WASHINGTON, DC 20005-0000
- In care of
- % BANK POLICY INSTITUTE
- Principal officer (990 for 2024)
- Joshua Magri, C/O BPI 1300 I Street NW 1100W, Washington, DC 200053396
- Signed the 990
- Joshua Magri, President & CEO
- Phone
- (202) 289-4322
- Return prepared by
- Rogers & Company PLLC
Mission
The Cyber Risk Institute (CRI) is a not-for-profit coalition of financial institutions and trade associations. We're working to protect the global economy by enhancing cybersecurity and resiliency through standardization.Our Cyber Profile tool is the benchmark for cyber security and resiliency in the financial services industry. This ever-evolving and concise list of assessment questions is curated with the assistance of CRI members based on the intersection of global regulations and cyber standards, such as ISO and NIST.
Program accomplishments
- Standards Committee: The Standards Committee is an advisory Committee of the Cyber Risk Institute (CRI), established to support CRI in identifying US and global financial services cybersecurity and cybersecurity related standards. The Standards Committee makes recommendations as to which identified standards should be prioritized for integration into the Cybersecurity Profile and/or successor documents, and assists in determining when translations into foreign languages are needed.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3332370
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $5,969,369
- Income (IRS master file)
- $3,676,125
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,676,125 | $2,998,003 | $5,969,369 | XML |
| 990 | December 2023 | $3,131,602 | $2,804,844 | $5,178,810 | XML |
| 990 | December 2022 | $5,403,071 | $2,518,063 | $4,276,518 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-3332370).
Questions about CYBER RISK INSTITUTE
- What is the EIN of CYBER RISK INSTITUTE?
- The employer identification number (EIN) of CYBER RISK INSTITUTE is 87-3332370.
- Is CYBER RISK INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2022.
- Are donations to CYBER RISK INSTITUTE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CYBER RISK INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CYBER RISK INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CYBER RISK INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CYBER RISK INSTITUTE?
- The 990 for the year ended December 31, 2024 names Joshua Magri.
- Who are the officers and directors of CYBER RISK INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 26 people; 4 received compensation from the organization, the highest $721,647 (Joshua Magri, CRI President & CEO, Non Voting).
- How much revenue does CYBER RISK INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,676,125, expenses of $2,998,003 and total assets of $5,969,369 at year end.
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