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Third Party Risk Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 832304238 ✦ Ankeny, IA ✦ Designated as a 501(c)(6)

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Overview

What is Third Party Risk Association?

The Third Party Risk Association is a nonprofit organization committed to fostering the field of third-party risk management. They actively engage their members through regular monthly meetings throughout the year, fostering a community of professionals in this area. As of December 31st, 2022, the association boasted 391 voting-eligible members, marking a significant growth from 155 members in 2021. Furthermore, non-voting eligible members were also catered to through quarterly meetings in 2022, demonstrating a comprehensive approach to engaging its constituents. The Third Party Risk Association serves as a platform for professionals to collaborate, share insights, and advance the profession of third-party risk management.


Official website here: www.tprassociation.org

Is Third Party Risk Association legitimate?

Third Party Risk Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Third Party Risk Association submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $172,349
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.tprassociation.org

What is the mission statement of Third Party Risk Association?

The Third Party Risk Association is committed to advancing the field of third-party risk. They accomplish this through regular monthly meetings for their voting members throughout the year, and additional non-voting eligible quarterly meetings. As of December 31st, 2022, the association had 391 voting-eligible members, significantly more than the 155 in 2021. The association's mission is focused on enhancing the profession of third-party risk management.


Official website here: www.tprassociation.org

Who is the CEO of Third Party Risk Association?

Julie Gaiaschi is the CEO of Third Party Risk Association The CEO's salary of Third Party Risk Association is $91,858 and their total compensation is $91,858.


Official website here: www.tprassociation.org

What is the revenue of Third Party Risk Association?

Third Party Risk Association's revenue in 2023 was $428,687.


Official website here: www.tprassociation.org

Who are the executives of Third Party Risk Association and what are their salaries?

The average compensation at Third Party Risk Association during 2023 was $43,087. There are 4 employees and 30 volunteers at Third Party Risk Association.

Here are 11 key members and their salaries (Third Party Risk Association's CEO's salary is $91,858 and their total compensation is $91,858):


Julie Gaiaschi (Chief Executive Officer And Co-Founder)
  • Compensation: $91,858
  • Related: $0
  • Other: $0
Meghan Schrader (Marketing)
  • Compensation: $44,869
  • Related: $0
  • Other: $0
Heather Hadavy (Membership)
  • Compensation: $20,625
  • Related: $0
  • Other: $0
Emily Chiong (Intern)
  • Compensation: $5,789
  • Related: $0
  • Other: $0
Vincent Scales (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Smith (Member Of The Bboard)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Labarbiera (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Makinney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corinne Elscott (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Crystal Berg (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Wolf (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tprassociation.org

Where can I find the form 990 for Third Party Risk Association?

Third Party Risk Association's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.tprassociation.org

Learn more at the official website: www.tprassociation.org

Mission Statement of Third Party Risk Association

The Third Party Risk Association, abbreviated as TPRA, is dedicated to advancing the field of third-party risk management. This nonprofit organization holds regular meetings, both monthly for voting members and quarterly for non-voting members, to foster the growth and development of this profession. As of December 31, 2022, TPRA boasted a significant increase in its voting-eligible member base, counting 391 individuals who are active participants in shaping the future of third-party risk management. This growth is a testament to the organization's influence and the importance it has garnered within its specialized field.

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Impact




October, 2024

The Third Party Risk Association significantly impacts the field of third-party risk management through a commitment to advancing professional practices and knowledge sharing. With a membership that grew from 155 to 391 voting-eligible members within a year, the Association fosters a robust community of professionals dedicated to understanding and mitigating risks associated with third-party relationships.

By organizing monthly and quarterly meetings, the Association provides platforms for members to engage in meaningful discussions, share best practices, and develop strategies for effective risk management. This collaborative environment not only strengthens individual member capabilities but also elevates industry standards, promoting greater security and compliance across various sectors. The Association's efforts contribute to improved community resilience by enhancing how organizations manage their external partnerships, thereby protecting both their interests and those of the broader community.




This information is meant to be a general summary of Third Party Risk Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$428,687 (2023)
Expenses
$411,590 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $11
  • Program Service Revenue: $428,676
  • Gross Receipts: $428,687

Assets and Liabilities:

  • Total Assets: $259,792
  • Total Liabilities: $171,054
  • Net Assets: $88,738

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Practitioner Memeberships

Revenue

$31,471

Vendor Membership

Revenue

$68,750

Fall Conference

Revenue

$41,000

In person Conference

Revenue

$243,829

Gross Amounts Derived from TPCRA Certifcation

Revenue

$42,993

Organization Details

Principal Officer

Julie Gaiaschi

NTEE Category

Code: S41 - Community improvement

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