Bank Information Center
Bank Information Center
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About this organization
Mission
Bank Information Center partners with civil society to spotlight the risks and improve the transparency, accountability, and sustainability of development finance.
About
Policy: The program works toward improved policies at the IFIs, primarily in the area of stronger environmental and social standards, stronger accountability frameworks, and improved opportunities for stakeholder engagement. BICS strategic focus will remain on the World Bank Group, as the primary standard setter for IFIs, but will also respond to opportunities at regional development banks and key trust funds to strengthen policies across institutions in an effort to support upward harmonization of standards.
Interesting data from their 2020 990 filing
The filing reveals the mission of the non-profit as “The bank information center's mission is to promote social, ecological and economic justice by amplifying local voices and democratizing development. bic advocates for greater transparency, accountability, sustainability, and inclusion at the multilateral development banks.”.
When detailing its functions, they were listed as: “Bank information center partners with civil society to spolight the risks and improve the transparency, accountability, and sustainability of development finance.”.
- According to the law, the state where the non-profit operates has been reported as DC.
- The filing specifies that the non-profit's address in 2020 was 1023 15TH STREET NW 10TH FLOO, WASHINGTON, DC, 20005.
- As of 2020, the non-profit's form shows they have a total of 13 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$469,934.
- The CEO compensation scheme within the organization is based on a review and endorsement process by a neutral entity.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 7 independent voting members.
- The organization was formed in 1988.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization's financial statements were compiled or reviewed by an accountant.
- The organization pays $841,911 in salary, compensation, and benefits to its employees.
- The organization pays $83,553 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.
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