EIN 02-0571577

Global Associations of Risk Proffesionals (GARP)

IRS 501(c) type
501(c)(6)
Num. employees
111
Year formed
2002
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Global Association of Risk Professionals is a not-for-profit organization and the only globally recognized membership association for risk managers.
Also known as...
Global Association of Risk Professionals
Total revenues
$48,472,078
2023
Total expenses
$42,687,451
2023
Total assets
$65,472,728
2023
Num. employees
111
2023

Program areas at GARP

See schedule oprofessional certification & educational programs certification: garp sets the Global standard in professional certification with the frm (financial Risk manager) certification and the scr (sustainability and climate Risk) certificate. It offers these exams annually. These programs are rigorous and very well respected across the globe. By demonstrating expertise and commitment to better Risk management practices, certified frms and scr holders stand apart in their respective organizations. Education and awareness: everyone has an important role to play in supporting a robust Risk culture. Whether it is educating an enterprise, or educating financial Professionals across an entire country, garp partners with firms and central banks to deliver foundational and advanced Risk awareness programs. Through these programs we have enabled tens of thousands of finance Professionals globally to promote a risk-aware culture.
Annual conference: the organization offers an annual conference in addition to occasional seminars and other event programs, offers discounts on garp and other third-party publications, a membership program, and offers access to a career center to post resumes and search for job opportunities.
See schedule obenchmarking initiative and Risk intelligence garp benchmarking initiative (gbi): in this time of increasing economic globalization and market interconnectedness, the causes of and approaches to dealing with Global systemic Risk issues are of immense importance. Banks as well as their regulators are in need of ways to appropriately develop, implement and analyze studies to test and benchmark bank Risk systems and approaches. Gbi is playing a major and globally unique role in analyzing the processes related to hypothetical portfolio exercises, quantitative impact studies, and other much needed benchmarking activities.risk intelligence: keeping up with the ever-evolving Risk landscape is challenging, but essential for Risk Professionals and the industry to collectively safeguard the world's financial markets. Garp delivers critical Risk intelligence: industry surveys, special reports, news, analysis, whitepapers, webinars and more, to ensure that the community has the very latest intelligence to drive informed decision making.
Connecting the Risk leadership and the Global Risk community: addressing Risk is a team effort, and with over 260,000 members in 195 countries and territories - garp members are making a difference. Garp membership provides the community with engagement opportunities to have a voice in industry research, unparalleled networking opportunities, access to Risk intelligence, and much, much more. Our conventions, together with 51 chapter directors representing 28 chapters in more than a dozen countries around the world, give the community the opportunity to meet and learn from one another. Additionally, our continuing professional development (cpd) program offers Risk Professionals access to the very latest in Risk education, paving the way for a clear view of the Risk horizon.ongoing dialog between regulators, practitioners and leading academic experts is critical to help better understand and solve for the ever-increasing number of financial and operational Risk challenges facing the world's markets today. It's important for this kind of dialog to be open, objective and not motivated by partisan agenda. We facilitate objective and non-partisan dialogue through regularly hosting Global Risk forums where regulators, practitioners, and leading academics collectively and collaboratively address important Risk issues.

Personnel at GARP

NameTitleCompensation
Richard ApostolikPresident and Chief Executive Officer , Garp$2,090,151
Priscella CervantesChief Financial Officer$753,891
Jeffrey MahChief Information Officer$422,218
Juluan Hungchun ChenSenior Vice President , Certification and Education / Senior Vice President , Certifications and Education Programs$375,576
William Henry MaySenior Vice President , Global Head of Research / Director$598,779
...and 6 more key personnel

Financials for GARP

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$43,193,743
Investment income and dividends$1,147,206
Tax-exempt bond proceeds$0
Royalty revenue$3,758
Net rental income$0
Net gain from sale of non-inventory assets$3,367,371
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$760,000
Total revenues$48,472,078

Form 990s for GARP

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-04990View PDF
2022-122023-11-06990View PDF
2021-122022-11-15990View PDF
2020-122021-11-12990View PDF
2018-122020-01-23990View PDF
...and 9 more Form 990s
Data update history
January 12, 2025
Used new vendors
Identified 4 new vendors, including , , , and
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 31, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Used new vendors
Identified 19 new vendors, including , , , , , , , , , , , , , , , , , , and
Nonprofit Types
Professional associationsBusiness and community development organizations
Issues
Business and industry
Characteristics
MembershipsPolitical advocacyOperates internationally
General information
Address
111 Town Pl 14th FLR
Jersey City, NJ 07310
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Hudson County, NJ
Website URL
garp.org/ 
Phone
(201) 719-7210
Facebook page
GARPFRM 
Twitter profile
@garp_risk 
IRS details
EIN
02-0571577
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813920: Professional Associations
Parent/child status
Independent
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