ALLIANCE FOR INNOVATIVE REGULATION INSTITUTE

EIN: 834717659 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$4,625,872
Total Expenses
$4,453,836
Total Assets
$1,096,583
Net Assets
$969,453
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DC
Principal Officer
JO ANN BAREFOOT
Phone
9174465425
Tax Period
2023-01-01 to 2023-12-31

ALLIANCE FOR INNOVATIVE REGULATION INSTITUTE, founded in 2019, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $4.5M left a modest 4% surplus.

Mission

AIR IS A NON-PARTISAN 501(C)(3) PROMOTING THE USE OF 'RESPONSIBLE INNOVATION' TO HELP SOLVE SYSTEMIC CHALLENGES IN FINANCIAL SERVICES LIKE FINANCIAL EXCLUSION, RACE AND GENDER BIAS, PREDATORY PRACTICES, FINANCIAL CRIMES LIKE HUMAN TRAFFICKING, AND CLIMATE CHANGE.

Program Service Accomplishments

Program 1
Expenses: $636,808 Revenue: $29,680

GATES FOUNDATION: LEVERAGING A 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)...

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GATES FOUNDATION: LEVERAGING A 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. FOR OUR FIRST 2023 TECHSPRINT UNDER THIS GRANT, WE PARTNERED WITH THE CAMBRIDGE SUPTECH LAB TO DELIVER A TECHSPRINT FOCUSED ON CHATBOTS AND DATA ANALYTICS. ADDITIONALLY, WE LAUNCHED OUR GENERATIVEAI PROGRAM WHICH 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 AND VOCAL 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.

Program 2
Expenses: $478,251 Revenue: $135,000

FEDERAL HOUSING FINANCE AGENCY (FHFA) - AIR SUPPORTS THE FHFA'S OFFICE OF GOVERNANCE AND STRATEGIC INITIATIVES (OGSI) IN ITS MISSION TO STAND UP THE FINANCIAL TECHNOLOGY (FINTECH) OFFICE AND TO...

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FEDERAL HOUSING FINANCE AGENCY (FHFA) - AIR SUPPORTS THE FHFA'S OFFICE OF GOVERNANCE AND STRATEGIC INITIATIVES (OGSI) IN ITS MISSION TO STAND UP THE FINANCIAL TECHNOLOGY (FINTECH) OFFICE AND TO SUPPORT THE DEVELOPMENT OF KEY SHORT-TERM INITIATIVES INCLUDING THE ROBUST PLANNING THAT GOES INTO STANDING UP AN INNOVATION OFFICE AND EXECUTING A SUCCESSFUL TECHSPRINT IN FISCAL YEAR 2023.THIS YEAR AIR PARTNERED WITH THE FHFA TO SUPPORT THE PLANNING AND EXECUTION OF THE AGENCY'S FIRST TECHSPRINT, HOSTING 80 PARTICIPANTS IN-PERSON AND OBSERVED BY HUNDREDS OF ATTENDEES IN-PERSON AND ONLINE.

Program 3
Expenses: $382,543

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...

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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 IS DESIGNED TO SUPPORT THE WHITE HOUSE SUMMIT FOR DEMOCRACY, INCLUDING THROUGH TECHSPRINTS AND OTHER INITIATIVES TO DEVELOP POTENTIAL DIGITAL TOOLS. THIS YEAR HAS BEEN A SIGNIFICANT MILESTONE YEAR FOR AIR. AFTER COMPLETING A TECHSPRINT IN 2022, WE QUICKLY PIVOTED TO SCOPING YEAR 2 TO FOCUS ON ANTI-CORRUPTION IN PROJECT FINANCING WITH PARTICULAR INTEREST IN LATIN AMERICAN AND CARIBBEAN MARKETS. OUR KEY FRAME OF REFERENCE IS TO FOCUS ON TECHNOLOGY THAT CAN BE USED TO DETECT AND PREVENT CORRUPTION IN DEVELOPMENT PROJECTS. IN 2023 WE ADVANCED PLANNING FOR A SECOND ANTI-CORRUPTION FOCUSED TECHSPRINT AND IDENTIFIED PROSPECTIVE PARTNERSHIPS TO SUPPORT THE TECHSPRINT EXECUTION AND POST-SPRINT PROTOTYPE INCUBATION. ADDITIONALLY, WE ATTENDED ROUNDTABLE DISCUSSIONS WITH 40+ PARTICIPANTS IN LIMA, PERU, DRAFTED A WHITE PAPER IDENTIFYING ANTI-CORRUPTION CHALLENGES IN DEVELOPMENT FINANCING AND PROPOSED TECHNOLOGY SOLUTIONS, AND ADVANCED EARLY STAGE PLANNING FOR ROUNDTABLES AND A TECHSPRINT WHICH IS PLANNED FOR 2024.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,439,722
Program Service Revenue $164,680
Investment Income $9,747
Other Revenue $11,723
TOTAL REVENUE $4,625,872

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,627,519
Fundraising Expenses $137,487
Program Expenses $2,295,043
Other Expenses $1,826,317
TOTAL EXPENSES $4,453,836

Year-over-Year Comparison

2023 2022 Change
Revenue $4,625,872 $2,733,673 +0.7%
Expenses $4,453,836 $2,526,843 +0.8%
Net Income $172,036 $206,830 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
5
Employees
16
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$595,254
Total Directors
6
$312,325
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JO ANN BAREFOOT CHAIR AND PRESIDENT 1.00
Officer Director
$271,360 $40,965 $312,325
CANTWELL MUCKENFUSS III VICE PRESIDENT 0.00
Director
$0 $0 $0
TRACY BASINGER BOARD MEMBER 0.00
Director
$0 $0 $0
THOMAS CURRY BOARD MEMBER 0.00
Director
$0 $0 $0
SHAMIR KARKAL BOARD MEMBER 0.00
Director
$0 $0 $0
KABIR KUMAR BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID EHRICH EXECUTIVE DIRECTOR 1.00
Officer
$270,728 $12,201 $282,929
KISHA PERKINS CHIEF PROGRAM OFFICER 1.00
Highest
$253,117 $33,320 $286,437
RANDY REPKA CHIEF GROWTH OFFICER 1.00
Highest
$165,506 $60,316 $225,822
ALEXA FRAZIER CHIEF OF STAFF 1.00
Highest
$123,081 $34,507 $157,588
MARIAMA JALLOH-HEYWARD PROGRAM DIRECTOR 1.00
Highest
$122,245 $19,143 $141,388
JOSEPH ADLER HEAD OF CONTENT 1.00
Highest
$107,322 $25,859 $133,181
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $4,625,872 $4,453,836 $1,096,583 $172,036
2022 $2,733,673 $2,526,843 $1,797,134 $206,830
2021 $1,757,739 $1,269,322 $596,082 $488,417
2020 $1,141,406 $970,489 $102,170 $170,917
2019 $614,500 $683,247 $6,556 $-68,747
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