Bpi Foundation
- Assets
- $714.8k
- Revenue
- $7.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 26-2353925
Organization Overview
Bpi Foundation is located in Washington, DC. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bpi Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bpi Foundation generated $7.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (64.1%) each year. All expenses for the organization totaled $62.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bpi Foundation has awarded 20 individual grants totaling $280,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS: EACH YEAR, WE HONOR TWO ORGANIZATIONS THAT PROVIDE OUTSTANDING ACHIEVEMENTS IN PROMOTING FINANCIAL LITERACY, WITH THE BPI FOUNDATION AWARD. TO HELP ADVANCE THEIR MISSION, WE PROVIDE MAJOR GRANTS TO BOTH ORGANIZATIONS AND WE GIVE THEM A PLATFORM TO SHOWCASE THEIR VISION AND IMPACT TO ALL BPI MEMBER COMPANIES.
CHARITABLE GIVING: THE BPI FOUNDATION SUPPORTS THE CHARITABLE AND CORPORATE SOCIAL RESPONSIBILITY PRIORITIES OF BPI MEMBER COMPANIES BY PROVIDING DONATIONS TO AUGMENT THEIR GIVING. THESE DONATIONS ARE TYPICALLY ONLY GIVEN AT THE REQUEST OF AN BPI MEMBER COMPANY.
SCHOLARSHIPS: PROMOTING STUDENT EDUCATION IN THE AREA OF FINANCIAL SERVICES AND BUSINESS HAS LONG BEEN A PRIORITY OF THE BPI FOUNDATION. WE HONOR THE CHAIRMAN OF BPI AS A THANK YOU FOR THEIR VOLUNTARY SERVICE, BY AWARDING A LARGE SCHOLARSHIP IN THEIR NAME TO A SCHOOL OR FINANCIAL LITERACY NON-PROFIT OF THEIR CHOICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Baer President | OfficerTrustee | 1 | $0 |
William Nelson Director | Trustee | 1 | $0 |
Kate Childress Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $330 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $578 |
| Total functional expenses | $62,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,465 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $665,371 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $714,836 |
| Accounts payable and accrued expenses | $235,352 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $235,352 |
| Net assets without donor restrictions | $479,484 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $714,836 |
Grants Awarded
Over the last fiscal year, Bpi Foundation has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: Donation to economic studies program | $50,000 |
Cambridge, MA PURPOSE: 2021 EU-US Symposium | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Military Officers Association Of America Scholarship Fund Alexandria, VA | $166,984,015 | $13,631,800 |
Ahla Foundation Inc Washington, DC | $38,777,337 | $6,832,027 |
Digital Harbor Foundation Inc Baltimore, MD | $6,702,247 | $6,011,466 |
American Friends Of Yeshivas Gedolah Matisyahu Inc Baltimore, MD | $321,996 | $3,784,989 |