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Global Association Of Risk Professionals Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020571577 ✦ Jersey city, NJ ✦ Designated as a 501(c)(6)

Overview

What is Global Association Of Risk Professionals Inc?

The Global Association of Risk Professionals Inc, based in Jersey City, New Jersey, is a renowned nonprofit organization dedicated to promoting risk awareness and setting global standards in risk management. With a staff of approximately 110 individuals, they offer professional certification programs, such as the Financial Risk Manager (FRM) and Sustainability and Climate Risk (SCR) certificates, which are rigorously respected worldwide. By earning these certifications, risk management professionals demonstrate expertise and commitment to best practices. Additionally, GARP partners with firms and central banks to deliver foundational and advanced risk awareness programs, enabling thousands of finance professionals globally to promote a risk-conscious culture. Their mission is to help create a risk-aware culture within organizations, from entry level to board level, making GARP the globally recognized membership association for risk managers.


Official website here: www.garp.com

Is Global Association Of Risk Professionals Inc legitimate?

Global Association Of Risk Professionals Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Global Association Of Risk Professionals Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $4,588,635
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,640,293

For more financial information, click here


Official website here: www.garp.com

What is the mission statement of Global Association Of Risk Professionals Inc?

The Global Association of Risk Professionals (GARP) is a not-for-profit organization and the leading membership association for risk managers worldwide. Its primary goal is to foster a culture of risk awareness within organizations, from entry level to board level. In the field of financial risk management, GARP sets the global standard with its professional designations, the FRM (Financial Risk Manager) certification and SCR (Sustainability and Climate) certificate. Through educational programs, specialized content, in-person and online events, and its chapter program, GARP promotes best practices in risk management and supports the ongoing professional and career development of risk managers.


Official website here: www.garp.com

Who is the CEO of Global Association Of Risk Professionals Inc?

Richard Apostolik is the President & Ceo of Global Association Of Risk Professionals Inc. The CEO's salary of Global Association Of Risk Professionals Inc is $2,090,151 and their total compensation is $2,124,514.


Official website here: www.garp.com

What is the revenue of Global Association Of Risk Professionals Inc?

Global Association Of Risk Professionals Inc's revenue in 2022 was $42,600,268.


Official website here: www.garp.com

Who are the executives of Global Association Of Risk Professionals Inc and what are their salaries?

The average compensation at Global Association Of Risk Professionals Inc during 2022 was $176,412. There are 109 employees at Global Association Of Risk Professionals Inc.

Here are 22 key members and their salaries (Global Association Of Risk Professionals Inc's CEO's salary is $2,090,151 and their total compensation is $2,124,514):

    Richard Apostolik (President & Ceo) [Trustee/Director]
  • Compensation: $2,090,151
  • Related: $0
  • Other: $34,363

    • Christopher J Donohue (Managing Director)
  • Compensation: $1,042,663
  • Related: $0
  • Other: $43,782

    • Priscella Cervantes (Cfo/Cao)
  • Compensation: $753,891
  • Related: $0
  • Other: $46,171

    • Rachel Lerner (General Counsel)
  • Compensation: $638,330
  • Related: $0
  • Other: $45,676

    • William Henry May (Svp, Global Head Of Research)
  • Compensation: $598,779
  • Related: $0
  • Other: $45,349

    • Michael William Sell (Head Of Business Development)
  • Compensation: $431,560
  • Related: $0
  • Other: $40,708

    • Jeffrey Mah (Cio)
  • Compensation: $422,218
  • Related: $0
  • Other: $36,901

    • Juluan Hungchun Chen (Svp, Certification And Education)
  • Compensation: $375,576
  • Related: $0
  • Other: $49,147

    • Joanna Paisley (Co President Gri)
  • Compensation: $375,620
  • Related: $0
  • Other: $0

    • Lily Pan (Managing Director)
  • Compensation: $299,142
  • Related: $0
  • Other: $34,353

    • Bradford Hu (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ben Golub (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Gray (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Geoffrey Greener (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stuart Lewis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jacques Longerstaey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Victor Ng (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lewis O'Donald (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alessa Quane (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Roncey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Tufano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.garp.com

    Where can I find the form 990 for Global Association Of Risk Professionals Inc?

    The Global Association Of Risk Professionals Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.garp.com

    Learn more at the official website: www.garp.com

    Mission Statement of Global Association Of Risk Professionals Inc

    The Global Association of Risk Professionals Inc, a not-for-profit organization, is the world's leading membership association for risk managers. With a mission to advance the risk profession, GARP promotes a culture of risk awareness within organizations, from entry level to board level. In the field of financial risk management, GARP sets the global standard through its prestigious FRM (Financial Risk Manager) certification and SCR (Sustainability and Climate) certificate.

    Through its educational programs, specialized content, in-person and online events, and chapter program, GARP champions best practices in risk management. The organization supports ongoing professional and career development for risk managers, empowering them to effectively manage and mitigate risks for their organizations. GARP's influence extends beyond its membership base, contributing to the global risk management community as a whole. By fostering a global network of risk professionals, GARP is at the forefront of driving innovation and excellence in risk management.

    Impact

    This information is meant to be a general summary of Global Association Of Risk Professionals Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Global Association Of Risk Professionals Inc has a significant impact on global risk management practices. By setting the global standard in professional certification with the FRM (Financial Risk Manager) certification and the SCR (Sustainability and Climate Risk) certificate, GARP helps individuals demonstrate expertise and commitment to better risk management practices. Through rigorous certification programs and educational initiatives, GARP enables tens of thousands of finance professionals worldwide to promote a risk-aware culture in their organizations. By advancing education, training, and the promotion of best practices globally, GARP plays a vital role in enhancing risk management standards across industries and geographies.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,998,618
  • Program Service Revenue: $40,372,919
  • Gross Receipts: $45,189,909

    • Assets and Liabilities:
  • Total Assets: $64,361,453
  • Total Liabilities: $28,816,414
  • Net Assets: $35,545,039
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EXAMS AND COURSE MATERIALS

    Revenue

    $37,472,676

    MEMBERSHIP DUES

    Revenue

    $1,882,204

    COUNTRY SPECIFIC PROGRAMS

    Revenue

    $647,818

    INSTRUCTIONAL SEMINARS

    Revenue

    $339,554

    WEB SEMINAR

    Revenue

    $30,667

    Organization Details

    Founding Year

    2002

    Principal Officer

    Richard Apostolik

    Main Address

    111 TOWN SQUARE PLACE 14TH FLR, JERSEY CITY, NJ, 07310

    NTEE Category

    Code: S41 - Community improvement

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