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← CYBER RISK INSTITUTE

Form 990 for tax year 2022

Filed by CYBER RISK INSTITUTE.

Totals

Total revenue
$5,403,071
Total expenses
$2,518,063
Contributions and grants received
$2,610,763
Grants paid
$0
Program service revenue
$2,792,208
Investment income
$0
Other revenue
$100
Total assets, end of year
$4,276,518
Total liabilities, end of year
$1,391,510
Net assets or fund balances, end of year
$2,885,008
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,610,763

  • 2a · Program service revenue: Membership dues

    total $2,792,208 · related or exempt $2,792,208

  • 11a · Other revenue: Other income

    total $100 · excluded $100

  • 11e · Other revenue, total

    $100

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $605,393

  • 7 · Other salaries and wages

    total $608,096

  • 8 · Pension plan contributions

    total $49,593

  • 9 · Other employee benefits

    total $36,554

  • 10 · Payroll taxes

    total $59,775

  • 11b · Fees: legal

    total $240,600

  • 11g · Fees: other

    total $259,945

  • 13 · Office expenses

    total $97,520

  • 14 · Information technology

    total $1,934

  • 16 · Occupancy

    total $6,000

  • 17 · Travel

    total $30,783

  • 19 · Conferences, conventions and meetings

    total $15,726

  • 22 · Depreciation, depletion and amortization

    total $283,483

  • 23 · Insurance

    total $12,741

  • 24a · Other expenses: Dues and subscriptions

    total $204,499

  • 24b · Other expenses: Professional developmen

    total $3,272

  • 24c · Other expenses: Gift

    total $2,149

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $3,289,318

  • 4 · Accounts receivable

    end of year $474,342

  • 9 · Prepaid expenses and deferred charges

    end of year $161,410

  • 10a · Land, buildings and equipment: cost or other basis

    $634,931

  • 10b · Land, buildings and equipment: accumulated depreciation

    $283,483

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $351,448

  • 17 · Accounts payable and accrued expenses

    end of year $499,706

  • 19 · Deferred revenue

    end of year $662,875

  • 25 · Other liabilities

    beginning of year $0 · end of year $228,929

  • 27 · Net assets without donor restrictions

    end of year $2,885,008

Mission and programs · 2022

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.

Activities or mission (Part I)

The Cyber Risk Institute (CRI) is working to protect the global economy by enhancing cyber security and resiliency through standardization.

  • 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.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Katheryn Rosen

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Jerry Brady Jan 2022-Feb 2022

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Leora Bersohn Feb 2022-Sept 2022

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Brad Manganello Oct 2022-present

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Ann Lavis Jan 2022-Feb 2022

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Ann Hines

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Phillip Collett

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Barth Bailey

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Jim Cebula

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • LeAnne Staalenburg

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Joyce Flinn

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Philip Martin

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Jason Harrell

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Phoram Mehta Jan 2022-Oct 2022

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Ankur Singhal Nov 2022-present

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Nick Coleman Jan 2022-Oct 2022

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Denyette DePierro Jan 2022-April 20

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Paul Benda June 2022-present

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Christopher Feeney

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Webster

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Thomas Wagner

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Rick Davis

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Glenn Foster

    CRI Independent Director

    Total calculated
    $0
    Hours/week
    1
  • Joshua Magri

    CRI President

    Total calculated
    $605,393
    From this org
    $550,005
    From related orgs
    $0
    Other
    $55,388
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $348,423
    Bonus
    $200,000
    Other
    $1,582
    Deferred
    $20,500
    Nontaxable benefits
    $34,888
    Filer's total
    $605,393
  • Emily Beam

    SVP, CRI

    Total calculated
    $246,125
    From this org
    $229,407
    From related orgs
    $0
    Other
    $16,718
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,269
    Bonus
    $50,000
    Other
    $1,138
    Deferred
    $15,987
    Nontaxable benefits
    $731
    Filer's total
    $246,125
  • John Goodman

    SVP, CRI

    Total calculated
    $271,761
    From this org
    $225,931
    From related orgs
    $0
    Other
    $45,830
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,019
    Bonus
    $10,000
    Other
    $3,912
    Deferred
    $13,454
    Nontaxable benefits
    $32,376
    Filer's total
    $271,761

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
22 September 2023
IRS schema version
2022v5.0
Source object
202312659349300311

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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