2023-11-10T12:57:11-06:00 2022-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-01-01 521295453 AMERICAN BANKRUPTCY INSTITUTE AMER 7037390800 66 CANAL CENTER PLAZA 600 ALEXANDRIA VA 22314 AMY QUACKENBOSS EXECUTIVE DIRECTOR 7037390800 2023-11-10 1 AMY QUACKENBOSS 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z AMY QUACKENBOSS 66 CANAL CENTER PLAZA 600 ALEXANDRIA VA 22314 10625567 0 X WWW.ABIWORLD.ORG X 1982 VA SEE PART III, LINE 1. 60 60 35 100 421080 0 1785571 589185 7753041 9345475 213792 202827 367642 121595 10120046 10259082 57125 64846 0 0 3874035 3952585 0 0 178696 3770263 5193276 7701423 9210707 2418623 1048375 21751145 20871233 5270181 4551843 16480964 16319390 X THE AMERICAN BANKRUPTCY INSTITUTE IS THE NATION'S LARGEST ASSOCIATION OF BANKRUPTCY PROFESSIONALS, MADE UP OF OVER 10,000 MEMBERS IN MULTI-DISCIPLINARY ROLES, INCLUDING ATTORNEYS, AUCTIONEERS, BANKERS, JUDGES, LENDERS, PROFESSORS, (SEE SCHEDULE O) TURNAROUND SPECIALISTS, ACCOUNTANTS AND OTHERS. ABI IS COMMITTED TO SERVING OUR MEMBERS WITH HIGH-QUALITY CONFERENCES, COMPREHENSIVE CONTINUING EDUCATION, EFFECTIVE LEGAL RESEARCH, AND DYNAMIC NETWORKING OPPORTUNITIES. 0 0 4593007 5896989 CONFERENCES AND MEETINGS: ABI HOLDS TWO NATIONAL MEMBERSHIP MEETINGS AND MANY REGIONAL CONFERENCES THROUGHOUT THE YEAR. THESE MEETINGS OFFER A CONCENTRATED OPPORTUNITY FOR THE EXCHANGE OF IDEAS, DISCUSSIONS OF FINDINGS AMONG COLLEAGUES, AND CONTINUING LEGAL EDUCATION. 1681650 681791 PUBLICATIONS AND OTHER SALES: ABI PRODUCES VARIOUS PUBLICATIONS AND JOURNALS THAT REPRESENT ITS COMMITMENT TO THE ONGOING ENHANCEMENT OF QUALITY EDUCATION ON INSOLVENCY TOPICS. ADDITIONALLY, ABI MAINTAINS A COMPREHENSIVE INTERNET SITE COVERING INSOLVENCY ISSUES AND PROVIDING INSTANT UPDATES ON LEGISLATION, NEW FILINGS, SUPREME COURT CASES, BANKRUPTCY FILING STATISTICS, AND DAILY BANKRUPTCY NEWS. 828414 2766695 MEMBERSHIP SERVICES: ABI PROVIDES ONGOING SERVICES TO ITS MEMBERS IN ORDER TO PROVIDE A BROAD, IN-DEPTH RESOURCE OF INSOLVENCY ISSUES AND RELATED SERVICES. 68047 64846 RESEARCH PROJECTS AND GRANTS: ABI PROVIDES FUNDING AND SCHOLARSHIPS TO ENHANCE BANKRUPTCY RESEARCH AND EDUCATION. 68047 64846 7171118 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 35 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 60 60 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA GA HI IL KS MA MI MN NH NJ NM NY NC OR PA RI SC TN UT VA WI MS CT ME NV ND OH OK WA X AMY QUACKENBOSS 7037390800 66 CANAL CENTER PLAZA 600 ALEXANDRIA VA 22314 BARBARA J HOUSER CHAIRMAN 5.00 X X 0 0 0 ROBERT P REYNOLDS IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 KEVIN J CAREY PRESIDENT 5.00 X X 0 0 0 SONEET R KAPILA PRESIDENT ELECT 5.00 X X 0 0 0 BRUCE A HARWOOD VP - COMM & IT 5.00 X X 0 0 0 EVE H KARASIK VP - DIVERSITY & INCLUSION 5.00 X X 0 0 0 STEPHEN D LERNER VP - INTERNATIONAL 5.00 X X 0 0 0 JERRY M MARKOWITZ VP - MEMBERSHIP 5.00 X X 0 0 0 PAUL D LEAKE VP - PUBLICATIONS 5.00 X X 0 0 0 MICHELLE M HARNER VP - RESEARCH/GRANTS 5.00 X X 0 0 0 CHRISTOPER A WARD VP - DEVELOPMENT 5.00 X X 0 0 0 DOUGLAS L LUTZ VP - EDUCATION 5.00 X X 0 0 0 ERIC W ANDERSON DIRECTOR OF BUS DVT (END 4/22) 1.00 X 0 0 0 JANET S BAER DIRECTOR 1.00 X 0 0 0 ALANE A BECKET DIRECTOR 1.00 X 0 0 0 STEVEN M BERMAN DIRECTOR 1.00 X 0 0 0 MICHAEL L BERNSTEIN DIRECTOR (END 4/22) 1.00 X 0 0 0 HANNAH L BLUMENSTIEL DIRECTOR 1.00 X 0 0 0 JASON S BROOKNER DIRECTOR 1.00 X 0 0 0 DAWN M CICA DIRECTOR 1.00 X 0 0 0 PATRICK A CLISHAM DIRECTOR 1.00 X 0 0 0 DANIEL P COLLINS DIRECTOR (END 4/22) 1.00 X 0 0 0 SONIA COLON DIRECTOR (START 4/22) 1.00 X 0 0 0 H DAVID COX DIRECTOR 1.00 X 0 0 0 ROBERT D DRAIN DIRECTOR (END 4/22) 1.00 X 0 0 0 MICHAEL A FAGONE DIRECOTR 1.00 X 0 0 0 DOUGLAS M FOLEY DIRECTOR 1.00 X 0 0 0 ERIC J FROMME DIRECTOR 1.00 X 0 0 0 LISA S GRECHKO DIRECTOR 1.00 X 0 0 0 PAUL R HAGE DIRECTOR 1.00 X 0 0 0 WILLIAM H HENRICH DIRECTOR 1.00 X 0 0 0 ARIANE HOLTSCHLAG DIRECTOR 1.00 X 0 0 0 JAMES ROBERT IRVING DIRECTOR 1.00 X 0 0 0 ERIC L JOHNSON DIRECTOR 1.00 X 0 0 0 ERICKA F JOHNSON DIRECTOR 1.00 X 0 0 0 KRISTINA JOHNSON DIRECTOR (START 4/22) 1.00 X 0 0 0 SHANTI M KATONA DIRECTOR 1.00 X 0 0 0 JENNIFER B KIMBLE DIRECTOR 1.00 X 0 0 0 SUZANNE KOENGI DIRECTOR 1.00 X 0 0 0 DAVIS LEA FRANKLIND DIRECTOR 1.00 X 0 0 0 JOHN W LUCAS DIRECTOR 1.00 X 0 0 0 ERIC D MADDEN DIRECTOR 1.00 X 0 0 0 KENNETH MANN DIRECTOR (START 4/22) 1.00 X 0 0 0 JENNIFER M MCLEMORE DIRECTOR 1.00 X 0 0 0 JENNIFER M MEYEROWITZ DIRECTOR 1.00 X 0 0 0 ERIC MONZO DIRECTOR (START 4/22) 1.00 X 0 0 0 ERIKA LYNN MORABITO DIRECTOR 1.00 X 0 0 0 DEIDRE A O'CONNOR DIRECTOR (END 4/22) 1.00 X 0 0 0 VICTOR OWENS DIRECTOR 1.00 X 0 0 0 JAMES A PEKO DIRECTOR 1.00 X 0 0 0 JEFFREY M REISNER DIRECTOR 1.00 X 0 0 0 BRADLEY D SHARP DIRECTOR 1.00 X 0 0 0 WILLIAM K SNYDER DIRECTOR 1.00 X 0 0 0 STEVEN ALEXANDER SPITZER DIRECTOR 1.00 X 0 0 0 WILLIAM S SUGDEN DIRECTOR 1.00 X 0 0 0 ANNEROSE TASHIRO DIRECTOR 1.00 X 0 0 0 ELIZABETH VANDESTEEG DIRECTOR (START 4/22) 1.00 X 0 0 0 JAMES E VAN HORN DIRECTOR 1.00 X 0 0 0 ERIC E WALKER DIRECTOR 1.00 X 0 0 0 ADRIENNE K WALKER DIRECTOR 1.00 X 0 0 0 EUGENE R WEDOFF DIRECTOR 1.00 X 0 0 0 WAYNE WEITZ DIRECTOR (START 4/22) 1.00 X 0 0 0 NANCY J WHALEY DIRECTOR 1.00 X 0 0 0 DONALD A WORKMAN DIRECTOR 1.00 X 0 0 0 CLIFFORD A ZUCKER DIRECTOR 1.00 X 0 0 0 AMY QUACKENBOSS EXECUTIVE DIRECTOR 40.00 X 385980 0 43118 KARIM GUIRGUIS CHIEF OPERATING OFFICER 40.00 X 214562 0 17612 SATISH KODALI SOFTWARE ENGINEER 40.00 X 165121 0 14992 BARBARA BERESKIN DIRECTOR OF BUS DEVELOPMENT 40.00 X 181657 0 32272 JENNIFER GUIRGUIS CONF & EVENTS DIRECTOR 40.00 X 165027 0 24731 CHRISTOPHER THACKSTON DIRECTOR OF MEMBERSHIP 40.00 X 173118 0 8756 JOHN HARTGEN PUBLIC AFFAIRS OFFICER 40.00 X 151499 0 13831 JAMES CARMAN DIRECTOR OF COMMS 40.00 X 165027 0 34676 1601991 0 189988 12 0 1 0 VISION CREATIVE 8245-E BACKLICK ROAD ALEXANDRIA VA 22312 AV EXPENSES FOR MEETINGS 519669 MARRIOTT BUSINESS SERVICES PO BOX 403003 ATLANTA GA 30328 MEETING SPACE / F&B 447729 SC&H GROUP INC 910 RUDGEBROOK RD SPARKS MD 21152 OUTSOURCED ACCOUNTING 252129 WEB METTLE LLC PO BOX 1707 ALEXANDRIA VA 22301 MANAGED HOSTING 222170 ST CROIX PRESS INC 1185 SOUTH KNOWLES AVE NEW RICHMOND WI 54017 JOURNAL 181394 6 59879 431932 97374 589185 CONFERENCES & MEETINGS 900099 5896989 5896989 MEMBERSHIPS 900099 2766695 2766695 ADVERTISING 541800 421080 421080 PUBLICATIONS 900099 260711 260711 9345475 280104 280104 138554 138554 242102 242102 0 19196 96473 -77277 -77277 -77277 10935 59879 27910 -16975 -16975 MISCELLANEOUS 900099 16 16 16 10259082 8924395 421080 324422 48394 48394 16452 16452 841384 524411 306069 10904 2606580 2012445 499845 94290 112350 83661 24574 4115 164886 132829 26309 5748 227385 168063 52299 7023 4203 3185 854 164 256797 185970 61258 9569 22009 22009 220930 129041 83627 8262 57885 9176 48709 677529 471057 198914 7558 426196 308647 101668 15881 159500 153741 3991 1768 3149865 2799569 342722 7574 29032 29032 31309 22673 7469 1167 MISCELLANEOUS 48951 38057 10894 PAYROLL FEES 30151 22846 6129 1176 BAD DEBT 24000 24000 PRESIDENT'S BUDGET 14179 13203 819 157 40740 27698 9702 3340 9210707 7171118 1860893 178696 2147842 3302915 4358747 9800704 97692 67130 387740 369058 348269 203970 496057 477007 48082 19050 12887125 6396836 1475648 711570 21751145 20871233 1069160 1091558 2192525 2470501 150000 150000 1858496 839784 5270181 4551843 X 16296564 16161935 184400 157455 16480964 16319390 21751145 20871233 1048375 -1209949 0 X 0 1 X 1 0 X 349282 200128 270542 1785571 589185 3194708 7678092 8499067 5052460 7066669 8924395 37220683 8027374 8699195 5323002 8852240 9513580 40415391 40000 40000 95860 48917 245861 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THE ENDOWMENT FUNDS SCHOLARSHIPS, MOOT COURT COMPETITIONS, AND RESEARCH. PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2022, ABI HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES LISTED AS EXPENSES ON THE FINANCIAL 242,102. STATEMENTS, AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 6B. SPECIAL EVENT EXPENSES LISTED AS EXPENSES ON THE FINANCIAL 27,910. STATEMENTS, AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES LISTED AS EXPENSES ON THE FINANCIAL 242,102. STATEMENTS, AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 6B. SPECIAL EVENT EXPENSES LISTED AS EXPENSES ON THE FINANCIAL 27,910. STATEMENTS, AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. LA ENDOWMENT 32680 31330 1350 19570 4702 2272 ASM ENDOWMENT 21600 17450 4150 1366 1 16534 11099 5435 70814 59879 10935 19570 4702 3638 27910 -16975 1 UC HASTINGS COLLEGE OF LAW 200 MCALLISTER STREET SAN FRANCISCO CA 94102 237135898 501(C)(3) 35000 0 BANKRUPTCY RESEARCH GRANT BROOKLYN LAW SCHOOL 250 JORALEMON STREET BROOKLYN NY 11201 237227990 501(C)(3) 10000 0 YOUNG SCHOLARS PROGRAM 2 0 DUBERSTEIN MOOT COURT/VETERANS TASK FORCE 14 16452 PART I, LINE 2: THE ORGANIZATION PROVIDES GRANTS AS PART OF THE MOOT COURT PROGRAM, WHICH IS A PROGRAM INTERNAL TO THE ORGANIZATION. THE ORGANIZATION MONITORS AND EVALUATES THE PROGRESS DURING THE YEAR. THE REMAINING AMOUNT GOES TO GRANT RECIPIENTS THAT SUBMITTED APPLICATIONS AND HAVE TO PROVIDE SEMIANNUAL REPORTS ON PROGRESS. THESE ARE ALL REVIEWED BY A GRANTS BOARD COMMITTEE. X X X X X 0 0 0 0 0 0 0 0 0 AMY QUACKENBOSS EXECUTIVE DIRECTOR 385980 0 0 0 0 0 11524 0 31594 0 429098 0 0 0 KARIM GUIRGUIS CHIEF OPERATING OFFICER 214562 0 0 0 0 0 11359 0 6253 0 232174 0 0 0 BARBARA BERESKIN DIRECTOR OF BUS DEVELOPMENT 181657 0 0 0 0 0 9568 0 22704 0 213929 0 0 0 JAMES CARMAN DIRECTOR OF COMMS 165027 0 0 0 0 0 8745 0 25931 0 199703 0 0 0 JENNIFER GUIRGUIS CONF & EVENTS DIRECTOR 165027 0 0 0 0 0 9529 0 15202 0 189758 0 0 0 CHRISTOPHER THACKSTON DIRECTOR OF MEMBERSHIP 173118 0 0 0 0 0 8228 0 528 0 181874 0 0 0 SATISH KODALI SOFTWARE ENGINEER 165121 0 0 0 0 0 9130 0 5862 0 180113 0 0 0 JOHN HARTGEN PUBLIC AFFAIRS OFFICER 151499 0 0 0 0 0 7156 0 6675 0 165330 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BRUCE HARWOOD (BOARD MEMBER) AND HANNAH BLUMENSTIEL (BOARD MEMBER) HAVE A FAMILY RELATIONSHIP. KARIM GUIRGUIS (OFFICER) AND JENNIFER GUIRGUIS (HIGHLY COMPENSATED EMPLOYEE) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY ABI'S TAX ACCOUNTANTS WITH INPUT FROM INTERNAL ABI STAFF AND ABI'S OUTSIDE ACCOUNTANTS. IT WAS REVIEWED BY AN EXTERNAL CFO AND THE EXECUTIVE DIRECTOR. AFTER A FINAL DRAFT WAS BEEN PRODUCED THE DOCUMENT WAS PRESENTED TO THE BOARD OF DIRECTORS WHO REVIEWED THE DRAFT AND ACCEPTED THE DRAFT AS FINAL. THE FULL BOARD WAS GIVEN THE OPPORTUNITY TO ASK QUESTIONS OR SUGGEST CHANGES BEFORE THE FINAL DRAFT WAS SENT TO THE IRS. THE EXECUTIVE DIRECTOR PROVIDED THE BOARD WITH SUPPORTING DOCUMENTS THAT HELPED THEM IDENTIFY KEY ITEMS AS WELL AS RECONCILE THE 990 TO THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE AMERICAN BANKRUPTCY INSTITUTE (ABI) HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH IT GIVES TO ALL MEMBERS OF THE BOARD OF DIRECTORS. THE DIRECTORS ARE REQUIRED TO SIGN A FORM DISCLOSING ANY CONFLICTS AND ACKNOWLEDGING THAT THEY HAVE READ AND UNDERSTOOD THE POLICY. THE CFO TRACKS THE SUBMISSION OF THESE FORMS TO INSURE THAT ALL MEMBERS OF THE BOARD HAVE SIGNED THE FORM. THE FORM IS DISTRIBUTED TO NEW MEMBERS OF THE BOARD WHEN THEY JOIN AND ANNUALLY TO ALL MEMBERS OF THE BOARD. CURRENTLY, THERE ARE NO DISCLOSED OR KNOWN CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE ABI HAS A COMPENSATION COMMITTEE WHICH REVIEWS THE EXECUTIVE DIRECTOR'S SALARY AND COMPARES IT TO INDUSTRY AVERAGES. METHODS OF COMPENSATION RESEARCH INCLUDE (BUT ARE NOT LIMITED TO) COMPENSATION SURVEYS AND STUDIES. THE ED SALARIES AND BONUS ARE RECOMMENDED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE EXECUTIVE COMMITTEE. THE ED HAS A WRITTEN EMPLOYMENT CONTRACT. OTHER STAFF MEMBERS' SALARIES ARE DETERMINED BY THE ED BASED ON PERFORMANCE AND SUBJECT TO BUDGETARY RESTRICTIONS. THE EXECUTIVE DIRECTOR REVIEW LAST TOOK PLACE IN FEBRUARY 2022. FORM 990, PART VI, SECTION C, LINE 19 ABI'S FORM 990, GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE (WWW.ABIWORLD.ORG) AND DISTRIBUTED TO MEMBERS OF THE BOARD OF DIRECTORS. WRITTEN COPIES ARE ALSO AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.