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ALLIANCE FOR INNOVATIVE REGULATION INSTITUTE

EIN 83-4717659 WASHINGTON, DC

Revenue 2024
$4,684,930
Expenses 2024
$5,482,102

Program services were 65.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B11
Classification
1200
Street
1717 K ST NW STE 900

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

45 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 900). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

AIR IS A NON-PARTISAN 501(C)(3) PROMOTING THE USE OF "RESPONSIBLE INNOVATION" TO HELP SOLVE SYSTEMIC FINANCIAL SECTOR CHALLENGES. AIR ENVISIONS A FINANCIAL SYSTEM THAT IS FULLY FAIR, INNOVATIVE AND HIGHLY RESILIENT.

Activities or mission (Part I)

LEVERAGE DIGITAL MODERNIZATION TO HELP BUILD A FINANCIAL SYSTEM THAT SERVES EVERYONE

  • GATES FOUNDATION - LEVERAGING A FOUR (4) YEAR GRANT FROM THE BILL AND MELINDA GATES FOUNDATION, AIR PARTNERS WITH VARIOUS ENTITIES AND KEY STAKEHOLDERS TO ENSURE THAT CONSUMERS OF DIGITAL FINANCIAL SERVICES (DFS) IN LOW-AND MIDDLE-INCOME COUNTRIES (LMICS), PARTICULARLY VULNERABLE CONSUMERS, BENEFIT FROM TECHNOLOGY TOOLS AND POLICY GUIDANCE THAT HELPS IDENTIFY AND MITIGATE RISKS OF DFS. IN 2024, WE EXECUTED TWO KEY INITIATIVES, THE DIGITAL PAYMENT WEST AFRICA TECHSPRINT AND THE GENERATIVEAI PROGRAM. THE VIRTUAL DIGITAL PAYMENT TECHSPRINT FOCUSED ON DETECTING AND COMBATING PAYMENT FRAUD IN WEST AFRICA. THIS EVENT BROUGHT TOGETHER A RANGE OF STAKEHOLDERS, INCLUDING TECHNOLOGY COMPANIES, CONSUMER PROTECTION AGENCIES, PAYMENT SERVICE PROVIDERS, INNOVATORS, REGULATORS, AND SUBJECT MATTER EXPERTS TO COLLABORATIVELY CREATE SOLUTIONS.THE GENERATIVE AI PROGRAM STARTED WITH CONVENING THE TECH COMMUNITY AND REGULATORS TO DEBATE AND EXPLORE THE POSSIBILITIES AND RISKS OF GENERATIVEAI. IN ADDITION TO THESE SPECIFIC EVENTS, OUR LEADERSHIP TEAM CONTINUES TO BE VISIBLE ON THE GLOBAL STAGE ON KEY CONSUMER PROTECTION ISSUES AND THE USE OF EMERGING TECHNOLOGY, BUILDING OUR REPUTATION AS THOUGHT LEADERS. WE'VE LEVERAGED THE BAREFOOT INNOVATION PODCAST TO SHARE KNOWLEDGE, CREATE INTEREST AND START DEBATE ON KEY TOPICS.

    Expenses $1,063,947 · Revenue $44,602

  • FEDERAL HOUSING FINANCE AGENCY (FHFA) - WE RECEIVED A CONTRACT FROM PARTNERED WITH THE FHFA'S OFFICE OF FINANCIAL TECHNOLOGY ("OFT") TO PLAN, AND EXECUTE, AND HOST A TECHSPRINT FOCUSED ON HOW THE RESPONSIBLE USE OF GENERATIVE ARTIFICIAL INTELLIGENCE ("GENAI") CAN PROMOTE A BETTER TRANSPARENT, FAIR, AND INCLUSIVE HOUSING FINANCE SYSTEM, WHILE FOSTERING SUSTAINABLE HOMEOWNERSHIP AND RENTAL OPPORTUNITIES. BANK FINTECH ARRANGEMENTS - WE PARTNERED WITH THE AMERICAN FINTECH COUNCIL TO DELIVER A MINIATURE TECHSPRINT FOCUSED ON BANK/FINTECH ARRANGEMENTS AND WHAT IS AT STAKE IF THEY DON'T ADDRESS REGULATOR CONCERNS. SPECIFICALLY, THE SPRINT ADDRESSED HOW REGULATORS MIGHT GAIN MORE VISIBILITY INTO AND THEREBY KNOWLEDGE OF FINTECH'S TECHNOLOGIES, BUSINESS ACTIVITIES, BANKING RELATIONSHIPS, AND RISK PROFILE SO THAT ALL PARTIES CAN BE INFORMED ABOUT POTENTIAL RISKS TO THE BANKING SYSTEM AND FINANCIAL CONSUMERS. OVER ONE AND A HALF DAYS TEAMS FORMED TO IDENTIFY SOLUTIONS TO ADDRESS THE CHALLENGES WITH BANK/FINTECH ARRANGEMENTS. AS A FOLLOW-UP TO THE MINI TECHSPRINT WITH THE AFC, THE AIR TEAM HELD A LONGER TECHSPRINT AND DEMONSTRATION DAY IN FEBRUARY 2025. THE TECHSPRINT FOCUSED ON EXPLORING KEY CHALLENGES FACING THE INDUSTRY IN THE EVER-CHANGING TECHNOLOGY AND REGULATORY LANDSCAPE. THE TECHSPRINT EXPLORED REGULATORY ISSUES RELATING TO THE EVOLVING BUSINESS MODELS BETWEEN BANKS AND FINTECH FIRMS, WITH A FOCUS ON THE IMPACT TO COMMUNITY BANKS. DIGITAL IDENTITY - AIR LAUNCHED AN INITIATIVE FOCUSED ON EXPLORING THE POTENTIAL THAT ROBUST DIGITAL IDENTITY SYSTEMS CAN ADVANCE CRITICAL GOALS IN FINANCIAL SERVICES, PARTICULARLY IN EXPANDING FINANCIAL INCLUSION, PROTECTING PRIVACY, AND COMBATING MONEY LAUNDERING AND OTHER FINANCIAL CRIMES. AIR, IN PARTNERSHIP WITH THE ASPEN INSTITUTE FINANCIAL SECURITY PROGRAM, LED A SERIES OF ONLINE AND IN-PERSON ROUNDTABLES FOCUSED ON ADDRESSING THE BARRIERS TO WIDESPREAD DIGITAL ID ADOPTION. ADDITIONALLY, THIS PROJECT SOUGHT TO UNDERSTAND THE BREADTH AND DEPTH OF WORK UNDERWAY ON DIGITAL IDENTITY AND THUS PROVIDED VALUABLE INSIGHTS INTO THE GLOBAL EFFORTS AND DIVERSE APPROACHES BEING EMPLOYED IN THIS EVOLVING FIELD. THROUGH ENGAGING WITH SMES AND CONDUCTING RESEARCH, WE ENGAGED WITH AN INTERNATIONAL COMMUNITY DEDICATED TO ADDRESSING MULTIPLE USE CASES FOR DIGITAL IDENTITY. GLOBAL FRAUD PROGRAM - IN Q4 2024 WE LAUNCHED THE GLOBAL FRAUD PROGRAM UNDER OUR FINANCIAL CRIME STRATEGIC INITIATIVE. THE PROGRAM HAS 4 KEY PILLARS - NETWORK DEFENSE, CONSUMER DEFENSE, AML/BSA AND INCUBATOR/ACCELERATOR. IN Q2 2025, WE WILL LAUNCH OUR FIRST SET OF ACTIVITIES. THE PROJECT WILL INCLUDE A SIMULATION EVENT CALLED 'BATTLEFRONT: FRAUD IN THE AGE OF AI'. BATTLEFRONT WILL BE A TWO-DAY EVENT DESIGNED TO BRING TOGETHER DIVERSE STAKEHOLDERS TO EXPLORE AND TACKLE FRAUD AND FINANCIAL SCAMS IN A PRACTICAL AND COLLABORATIVE WAY. THE EVENT WILL PROVIDE A SPACE TO EXPLORE AND TEST INNOVATIVE TECHNOLOGIES AND STRATEGIES FOR FRAUD DETECTION AND PREVENTION, FOCUSING ON REAL-WORLD CHALLENGES AND EMERGING THREATS. THE MARKETING INITIATIVES FOR THE BATTLEFRONT EVENT WILL FOCUS ON RAISING AWARENESS, DRIVING PARTICIPATION, ENHANCING ENGAGEMENT AND POSITIONING AIR AS A THOUGHT LEADER. KEY MARKETING STRATEGIES WILL INCLUDE BUT NOT LIMITED TO AI GENERATED VIDEO CONTENT, SOCIAL MEDIA AND DIGITAL ENGAGEMENT, TARGETED EMAIL OUTREACH, THOUGHT LEADERSHIP & EVENT POSITION, AND MEDIATE AND PARTNER COLLABORATION LEVERAGE INDUSTRY NETWORKS FOR PROMOTION.PUBLIC POLICY EDUCATION- AIR CONTINUES TO RAISE AWARENESS RELATED TO TECHNOLOGY DEVELOPMENTS IMPACTING CONSUMER FINANCE, SUCH AS THE AVAILABILITY OF VASTLY EXPANDED DIGITAL DATA AND THE EMERGENCE OF INCREASINGLY POWERFUL ARTIFICIAL INTELLIGENCE TOOLS LIKE MACHINE LEARNING AND GENERATIVE AI. THE GOAL OF THE ONGOING INITIATIVE IS TO EDUCATE AND ENGAGE U.S. POLICYMAKERS REGARDING THE NEED FOR REGULATOR MODERNIZATION AND TO POSITION AIR AS A TRUSTED BIPARTISAN SOURCE OF EXPERTISE AND INSIGHT ON MATTERS RELATED TO FINANCIAL AND FINANCIAL REGULATORY TECHNOLOGY. IN 2024, WE HELD AN EXPO ON CAPITOL HILL WHICH FEATURED DEMOS FROM REGTECH FIRMS, HELPING CONGRESSIONAL STAFF, REGULATORS AND THE PUBLIC TO SEE FIRSTHAND HOW NEW TECHNOLOGY CAN ADVANCE THE EFFECTIVENESS OF FINANCIAL LAWS AND REGULATIONS IN AREAS LIKE CURTAILING MONEY LAUNDERING, PREVENT LENDING BIAS, AND LENDING TO SMALL BUSINESSES. SEVERAL DEMOS FEATURED GENERATIVE AI.WHITE PAPERS - WITH FUNDING FROM SEVERAL ORGANIZATIONS, WE FINALIZED AND RELEASED A SERIES OF WHITE PAPERS IN 2024. - BEYOND PILOTS AND SANDBOXES: REGULATORY INNOVATION THROUGH SUPTECH CASE STUDIES AND LEADING PRACTICES - IN PARTNERSHIP WITH AWS, WE RELEASED A WHITE PAPER EXPLORING HOW REGULATORS CAN HARNESS SUPERVISORY TECHNOLOGY ("SUPTECH") TO COMBINE INNOVATION WITH RESILIENCE, COMBINE EFFICIENCY WITH INTEGRITY, AND COMBINE MODERNIZATION WITH PUBLIC TRUST. DRAWING ON CASE STUDIES AND PROOF-OF-CONCEPT PROJECTS, THE PAPER OFFERS PRACTICAL GUIDANCE TO BUILD CAPABILITIES THAT ADDRESS TODAY'S REGULATORY CHALLENGES. BY FOSTERING A CULTURE OF EXPERIMENTATION, COLLABORATION, AND DATA-DRIVEN DECISION-MAKING, REGULATORS CAN SEIZE THE OPPORTUNITIES OF DIGITAL TRANSFORMATION WHILE MITIGATING ITS RISKS. - EARLY WAGE ACCESS - IN PARTNERSHIP WITH GATTICA HORIZONS, WE PRODUCED A WHITE PAPER FOCUSED ON EWA AS A POPULAR TOOL FOR CONSUMERS FACING SHORT-TERM FINANCIAL CHALLENGES, OFFERING NON-RECOURSE EARLY ACCESS TO WAGES THAT HAVE ALREADY BEEN EARNED BUT NOT YET PAID. IN 2025 WE WILL HOST A WEBINAR. - MODEL RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS IN THE GENERATIVE AI ERA - IN PARTNERSHIP WITH GOOGLE CLOUD, WE RELEASED A WHITE PAPER, BUILDING ON OUR EARLIER JOINT PUBLICATION, 'APPLYING MODEL RISK MANAGEMENT GUIDANCE TO ARTIFICIAL INTELLIGENCE/MACHINE LEARNING BASED RISK MODELS.' THE 2024 WHITE PAPER EXPANDS ON THAT FOUNDATION BY EXPLORING HOW MODEL RISK MANAGEMENT FRAMEWORKS AND ESTABLISHED GOVERNANCE PRACTICES CAN BE APPLIED TO MANAGE RISKS IN GENERATIVE AI CONTEXTS. SPECIFICALLY, THE PAPER PROPOSED THAT REGULATORS ACKNOWLEDGE BEST PRACTICES, PROVIDE ENHANCED REGULATORY CLARITY, AND ESTABLISH EXPECTATIONS IN THE FOLLOWING FOUR AREAS: (A) MODEL GOVERNANCE AND CONTROLS; (B) MODEL DEVELOPMENT, IMPLEMENTATION. IN 2025 WE WILL HOST A FIRESIDE CHAT / WEBINAR ON THE TOPIC. COMMUNICATIONS PLATFORM - WE CONTINUED TO EXPAND OUR GLOBAL REACH IN 2024 FOCUSED ON CREATING NEW PODCAST EPISODES, LAUNCHING A YOU TUBE CHANNEL AND INCREASING ECOSYSTEM ENGAGEMENT VIA THE LINKEDIN PLATFORM. SPECIFICALLY IN 2024, WE CREATED 18 EPISODES OF THE BAREFOOT INNOVATION PODCAST.THE MOST POPULAR EPISODES IN 2024 ARE: (1) PRESIDENTIAL ASSISTANT ELIZABETH KELLY: WHITE HOUSE POLICY ON AI, (2) HOW TO INCLUDE EVERYONE: THE GATES FOUNDATION'S MICHAEL WIEGAND, (3) COMMUNITY BANKS: DARRAGH BUCKLEY ON A TECH-ENABLED FUTURE, (4) FINTECH 2.0: ITAI DAMTI AND ALEX ACREE OF UNIT, AND (5) INNOVATION IN AFRICA: BANK OF GHANA'S KWAME OPPONG.

    Expenses $946,494 · Revenue $115,000

  • DEPARTMENT OF STATE ANTI-CORRUPTION INNOVATION LAB (ASET) - AIR WAS SELECTED BY THE STATE DEPARTMENT'S BUREAU OF INTERNATIONAL NARCOTICS AND LAW ENFORCEMENT AFFAIRS (INL) TO IDENTIFY NEW TECHNOLOGIES THAT CAN THWART ILLEGAL TRANSACTIONS TIED TO GLOBAL CORRUPTION. THE ANTI-CORRUPTION SOLUTIONS THROUGH EMERGING TECHNOLOGIES (ASET) PROGRAM INCLUDED TECHSPRINTS AND OTHER INITIATIVES TO DEVELOP POTENTIAL DIGITAL TOOLS. AFTER COMPLETING A TECHSPRINT IN 2022, WE MOVED TO SCOPING, DESIGNING AND EXECUTING A TECHSPRINT IN 2024 FOCUSED ON ANTI-CORRUPTION IN PROJECT FINANCING WITH PARTICULAR INTEREST IN LATIN AMERICAN AND CARIBBEAN MARKETS. OUR KEY FRAME OF REFERENCE WAS TO FOCUS ON TECHNOLOGY THAT CAN BE USED TO DETECT AND PREVENT CORRUPTION IN DEVELOPMENT PROJECTS.

    Expenses $944,428

  • MINORITY DEPOSITORY INSTITUTION DIGITAL TRANSFORMATION PROJECT - WITH FUNDING FROM VISA AND CITI, AIR CONTINUES TO PARTNER WITH THE NATIONAL BANKERS ASSOCIATION (NBA), THE NATIONAL BANKERS ASSOCIATION FOUNDATION (NBAF), AND VISA TO HELP FEDERALLY-DESIGNATED MINORITY DEPOSITORY INSTITUTIONS (MDIS) STRENGTHEN THEIR DIGITAL CAPABILITIES VIA THE MDI CONNECTTECH AND MDI ACCELERATE PROGRAMS. IN 2024 AIR PARTNERED WITH AN EXTERNAL CONSULTING FIRM TO FINALIZE THE TECHNOLOGY ASSESSMENTS FOR THE 15 BANKS IN THE INITIAL COHORT. WE PARTNERED WITH THE NBAF TO DESIGN A DISBURSEMENT RUBRIC AND CREATE A PLAYBOOK OUTLINE. ADDITIONALLY, WE HELD AN IN-PERSON CONVENING, MDI INNOVATE, WHERE WE FOCUSED ON BOTH THE ISSUES AND SOLUTIONS FACING MDIS.

    Expenses $624,226

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Jo Ann Barefoot

    CHAIR AND PRESIDENT

    Total calculated
    $287,983
    From this org
    $245,891
    From related orgs
    $0
    Other
    $42,092
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,891
    Bonus
    $0
    Other
    $0
    Deferred
    $21,580
    Nontaxable benefits
    $20,512
    Filer's total
    $287,983

  • Cantwell Muckenfuss III

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Tracy Basinger

    BOARD MEMBER, AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Thomas Curry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Shamir Karkal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Kabir Kumar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Kisha Perkins

    CHIEF PROGRAM OFFICER

    Total calculated
    $290,367
    From this org
    $242,279
    From related orgs
    $0
    Other
    $48,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,279
    Bonus
    $0
    Other
    $0
    Deferred
    $15,331
    Nontaxable benefits
    $32,757
    Filer's total
    $290,367

  • Randy Repka

    CHIEF GROWTH OFFICER

    Total calculated
    $262,682
    From this org
    $194,146
    From related orgs
    $0
    Other
    $68,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,146
    Bonus
    $0
    Other
    $0
    Deferred
    $22,144
    Nontaxable benefits
    $46,392
    Filer's total
    $262,682

  • Mariama Jalloh-Heyward

    PROGRAM DIRECTOR

    Total calculated
    $211,461
    From this org
    $180,270
    From related orgs
    $0
    Other
    $31,191
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,270
    Bonus
    $0
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $30,191
    Filer's total
    $211,461

  • Alexa Frazier

    CHIEF OF STAFF

    Total calculated
    $177,701
    From this org
    $139,318
    From related orgs
    $0
    Other
    $38,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,318
    Bonus
    $0
    Other
    $0
    Deferred
    $12,366
    Nontaxable benefits
    $26,017
    Filer's total
    $177,701

  • Michael Thompson

    PROGRAM DIRECTOR

    Total calculated
    $164,030
    From this org
    $131,042
    From related orgs
    $0
    Other
    $32,988
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,042
    Bonus
    $0
    Other
    $0
    Deferred
    $21,539
    Nontaxable benefits
    $11,449
    Filer's total
    $164,030

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $4,684,930
    Expenses
    $5,482,102
    Contributions
    $4,519,411
    Grants paid
    $0
  • 2023
    Revenue
    $4,625,872
    Expenses
    $4,453,836
    Contributions
    $4,439,722
    Grants paid
    $0
  • 2022
    Revenue
    $2,733,673
    Expenses
    $2,526,843
    Contributions
    $2,700,168
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $1,757,739
    Expenses
    $1,269,322
    Assets (EOY)
    $596,082

  • 2020 · 990

    Revenue
    $1,141,406
    Expenses
    $970,489
    Assets (EOY)
    $102,170

  • 2019 · 990

    Revenue
    $614,500
    Expenses
    $683,247
    Assets (EOY)
    $6,556

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.