BANK ADMINISTRATION INSTITUTE: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- BANK ADMINISTRATION INSTITUTE (EIN 36-3330171)
- Tax period
- 2023-10-01 to 2024-09-30
- Filed
- 2025-08-14
- IRS object ID
- 202532269349301103
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-08-14T05:41:25-05:00 | ReturnTs |
| Tax Period End | 2024-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 991856619 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 N CLARK ST STE 200 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363330171 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANK ADMINISTRATION INSTITUTE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BANK | BusinessNameControlTxt |
| Phone | 3125534600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 W ADAMS STREET STE 2300 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEVEN SALOUTOS | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 3125534600 | PhoneNum |
| Signature | 2025-08-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRIDGET ROCHE | PreparerPersonNm |
| PTIN | P00666837 | PTIN |
| Phone | 3128560200 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DEBORAH BIANUCCI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 W ADAMS STREET STE 2300 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,636,202 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BAI.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1984 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE EDUCATION AND TRAINING SERVICES TO ADVANCE THE FINANCIAL SERVICES (CONTINUED IN SCH O) INDUSTRY, ITS EMPLOYEES, AND STUDENTS INTERESTED IN JOINING THE INDUSTRY. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 23 | TotalVolunteersCnt |
| Total Gross UBI | $24,000 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $16,213 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,171 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,738,762 | PYInvestmentIncomeAmt |
| CY Investment Income | $567,259 | CYInvestmentIncomeAmt |
| PY Other Revenue | $35,727 | PYOtherRevenueAmt |
| CY Other Revenue | $26,806 | CYOtherRevenueAmt |
| PY Total Revenue | $1,790,702 | PYTotalRevenueAmt |
| CY Total Revenue | $608,236 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $32,951 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $77,760 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $113,417 | PYOtherExpensesAmt |
| CY Other Expenses | $84,113 | CYOtherExpensesAmt |
| PY Total Expenses | $146,368 | PYTotalExpensesAmt |
| CY Total Expenses | $161,873 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,644,334 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $446,363 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $45,197,378 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,839,003 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $12,540,463 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $327,339 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $32,656,915 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $22,511,664 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDE EDUCATION AND TRAINING SERVICES TO ADVANCE THE FINANCIAL SERVICES INDUSTRY, ITS EMPLOYEES, AND STUDENTS INTERESTED IN JOINING THE INDUSTRY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $63,066 | ExpenseAmt |
| Desc | BAI BANKING STRATEGIES, AN ONLINE MAGAZINE, ASSISTS IN EDUCATING INDIVIDUALS ON VARIOUS FINANCIAL TOPICS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $17,807 | ExpenseAmt |
| Revenue | $14,171 | RevenueAmt |
| Desc | 60 PEOPLE ATTENDED BAI'S EDUCATIONAL CONFERENCES AND SEMINARS IN 2024, AND APPROXIMATELY 1.2 MILLION PEOPLE VISITED OUR BAI WEBSITE WHICH PROVIDES THOUGHT LEADERSHIP ON A VARIETY OF FINANCIAL SERVICES TOPICS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $80,873 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | Yes (1) | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 20 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEVEN SALOUTOS CFO | PersonNm |
| Phone | 3125534600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 W ADAMS STREET STE 2300 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| DEBORAH L BIANUCCI | |||||||||
| PRESIDENT AND CEO | 0.50 | 39.50 | Yes (X) | Yes (X) | $13,538 | $1,069,484 | $33,478 | ||
| JODI RICHARD | |||||||||
| CHAIRMAN OF THE BOARD (BEG 01/24) | 0.50 | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| TODD M BARNHART | |||||||||
| VICE CHAIRMAN | 0.50 | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| TIMOTHY S CRANE | |||||||||
| PAST CHAIRMAN | 0.50 | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| SETH WALLER | |||||||||
| TREASURER (BEG 01/24) | 0.50 | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CHARLES G KIM | |||||||||
| SECRETARY | 0.50 | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| GLORIA C BANKS | |||||||||
| DIRECTOR-AT-LARGE | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN B BARON | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT A BERMAN | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| MONICA BOWE | |||||||||
| DIRECTOR-AT-LARGE (BEG 01/24) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| MARK BRUCKER | |||||||||
| DIRECTOR-AT-LARGE (BEG 01/24) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| GEORGE BUCHANAN | |||||||||
| DIRECTOR-AT-LARGE (BEG 01/24) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| LARISSA CHAIKOWSKY | |||||||||
| DIRECTOR-AT-LARGE | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| KATRINA M EVANS | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| NIMA GHAMSARI | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| DARLENE GOINS | |||||||||
| DIRECTOR-AT-LARGE | 0.50 | 1.50 | Yes (X) | $756 | $0 | $0 | |||
| SHERRY GRAZIANO | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| GRAEME HEPWORTH | |||||||||
| DIRECTOR-AT-LARGE (BEG 01/24) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| CRYSTAL HUMPHREYS | |||||||||
| DIRECTOR-AT-LARGE (BEG 01/24) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| JOHN T JORDAN | |||||||||
| DIRECTOR-AT-LARGE | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN A LAMONICA | |||||||||
| DIRECTOR-AT-LARGE | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER J MCCOMISH | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| MARK W MIDKIFF | |||||||||
| DIRECTOR-AT-LARGE (BEG 01/24) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| AARTHI MURALI | |||||||||
| DIRECTOR-AT-LARGE (THRU 02/24) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| AMANDA NORTON | |||||||||
| DIRECTORS-AT-LARGE (BEG 01/24) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT M PETERS | |||||||||
| DIRECTORS-AT-LARGE | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| ARIJIT ROY | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| HUMBERTO SALOMON | |||||||||
| DIRECTOR-AT-LARGE (BEG 01/24) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| MARK R SHEEHAN | |||||||||
| DIRECTOR-AT-LARGE | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| KEVIN SLANE | |||||||||
| DIRECTOR-AT-LARGE (BEG 01/24) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| CLARK STARNES | |||||||||
| DIRECTOR-AT-LARGE (BEG 01/24) | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| AMEESH P VAKHARIA | |||||||||
| DIRECTOR-AT-LARGE | 0.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| JULIE FABER | |||||||||
| CHIEF FINANCIAL OFFICER (THRU 9/24) | 0.50 | 39.50 | Yes (X) | $5,084 | $401,665 | $42,608 | |||
| STEVEN S SALOUTOS | |||||||||
| INTERIM CFO (BEG 9/24) | 0.50 | 39.50 | Yes (X) | $0 | $0 | $0 | |||
| ANN R BARCROFT | |||||||||
| CHIEF ADMINISTRATIVE OFFICER | 0.50 | 39.50 | $5,697 | $450,087 | $66,098 | Yes (X) | |||
| ED MARCHESELLI | |||||||||
| MANAGING DIRECTOR | 0.50 | 39.50 | $6,668 | $526,683 | $68,591 | Yes (X) | |||
| ISIO NELSON | |||||||||
| MANAGING DIRECTOR | 0.50 | 39.50 | $6,129 | $484,153 | $58,450 | Yes (X) | |||
| HOLLY J HUGHES | |||||||||
| MANAGING DIRECTOR | 0.50 | 39.50 | $4,833 | $381,720 | $55,912 | Yes (X) | |||
| RYAN MALAYTER | |||||||||
| DIRECTOR, TECHNOLOGY | 0.50 | 39.50 | $2,916 | $230,365 | $55,373 | Yes (X) | |||
| FREDERIC WAXMAN | |||||||||
| MARKETING DIRECTOR, STRAT PROG | 0.50 | 39.50 | $2,224 | $175,753 | $47,831 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $47,845 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $3,719,910 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $428,341 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 23 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CATALYST TECHNOLOGY GROUP INC | |||||
| PO BOX 78000 | DETROIT | MI | 48278 | TECH SERVICES | $560,434 |
| RANDSTAD NORTH AMERICA LP DBA TATUM | |||||
| PO BOX 847872 | DALLAS | TX | 75284 | VARIABLE RESOURCES | $323,584 |
| GRANT THORNTON LLP | |||||
| 171 N CLARK ST STE 200 | CHICAGO | IL | 60601 | AUDIT AND TAX SERVICES | $113,540 |
| EXPRESS INFORMATION SERVICES | |||||
| PO BOX 691261 | SAN ANTONIO | TX | 78269 | TECH SERVICES | $107,635 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAMS & CONFERENCES | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $14,171 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,171 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,171 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $568,828 | TotalRevenueColumnAmt |
| Exclusion | $568,828 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,806 | TotalRevenueColumnAmt |
| Exclusion | $2,806 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,026,397 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,027,966 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$1,569 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,569 | TotalRevenueColumnAmt |
| Exclusion | -$1,569 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADVERTISING REVENUE | Desc |
| Business | 541800 | BusinessCd |
| Total Revenue Column | $24,000 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $24,000 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $24,000 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $608,236 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,171 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $24,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $570,065 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,362 | TotalAmt |
| Program Services | $22,434 | ProgramServicesAmt |
| Management And General | $6,928 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,701 | TotalAmt |
| Program Services | $2,240 | ProgramServicesAmt |
| Management And General | $36,461 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,707 | TotalAmt |
| Program Services | $193 | ProgramServicesAmt |
| Management And General | $4,514 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,629 | TotalAmt |
| Program Services | $448 | ProgramServicesAmt |
| Management And General | $2,181 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,361 | TotalAmt |
| Program Services | $225 | ProgramServicesAmt |
| Management And General | $2,136 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,780 | TotalAmt |
| Management And General | $28,780 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,030 | TotalAmt |
| Program Services | $25,030 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,286 | TotalAmt |
| Program Services | $10,286 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,434 | TotalAmt |
| Program Services | $1,434 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,807 | TotalAmt |
| Program Services | $17,807 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUES AND SUBSCRIPTIONS | Desc |
| Total | $776 | TotalAmt |
| Program Services | $776 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,873 | TotalAmt |
| Program Services | $80,873 | ProgramServicesAmt |
| Management And General | $81,000 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $190 | BOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,781,882 | BOYAmt |
| EOY | $2,449,250 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $342,112 | BOYAmt |
| EOY | $2,400 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,772,234 | BOYAmt |
| EOY | $5,772,234 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $518,929 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $763,533 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,728,691 | BOYAmt |
| EOY | $14,615,119 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,289,807 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,197,378 | BOYAmt |
| EOY | $22,839,003 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,499,582 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,040,881 | BOYAmt |
| EOY | $327,339 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,540,463 | BOYAmt |
| EOY | $327,339 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,656,915 | BOYAmt |
| EOY | $22,511,664 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,656,915 | BOYAmt |
| EOY | $22,511,664 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,197,378 | BOYAmt |
| EOY | $22,839,003 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $446,363 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,027,976 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$14,209,823 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $1,590,233 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type2 | Yes (X) | SupportingOrgType2Ind |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROSIGHT FINANCIAL ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362026204 | EIN |
| Organization Type | 10 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $0 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | Yes (1) | SupportedOrgSectionC456Ind |
| Supported Org Qualified | Yes (1) | SupportedOrgQualifiedInd |
| Suprt Exclusively Sec170c2 B | Yes (1) | SuprtExclusivelySec170c2BInd |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Majority Dir Trst Supported Org | Yes (1) | MajorityDirTrstSupportedOrgInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV, SECTION A, LINE 3B | FormAndLineReferenceDesc |
| Explanation | AS OF THE YEAR-ENDED SEPTEMBER 30, 2024, BAI HAS CONFIRMED THAT THE SUPPORTED ORGANIZATION IS QUALIFIED UNDER 501(C)(6) AND SATISFIES THE PUBLIC SUPPORT TEST UNDER 509(A)(2). THE CALCULATION IS MAINTAINED WITHIN THE ORGANIZATION'S RECORDS. PART IV, SECTION A, LINE 3C THE ORGANIZATION ENSURES THAT ALL SUPPORT PROVIDED TO ITS SUPPORTED ORGANIZATION WAS USED EXCLUSIVELY FOR SECTION 170(C)(2)(B) PURPOSES THROUGH MAINTENANCE, REVIEW AND APPROVAL OF THE SUPPORTED ORGANIZATION'S RECORDS. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RETIREMENT LIABILITIES | Desc |
| Amt | $327,339 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $327,339 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 BAI HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME AND EXCISE TAXES. THE FASB GUIDANCE REQUIRES TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. BAI PROPERLY ACCRUED PROVISIONS FOR INCOME TAXES AS THE ENTITY HAS UNRELATED BUSINESS INCOME. THERE ARE NO INTEREST OR PENALTIES RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (1) | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | Yes (1) | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | Yes (1) | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | Yes (1) | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DEBORAH L BIANUCCI | ||||||||||||||
| PRESIDENT AND CEO | $5,685 | $449,076 | $7,672 | $606,094 | $181 | $14,314 | $413 | $32,588 | $240 | $237 | $14,191 | $1,102,309 | $0 | $0 |
| ED MARCHESELLI | ||||||||||||||
| MANAGING DIRECTOR | $3,915 | $309,258 | $2,699 | $213,186 | $54 | $4,239 | $413 | $32,588 | $445 | $35,145 | $7,526 | $594,416 | $0 | $0 |
| ISIO NELSON | ||||||||||||||
| MANAGING DIRECTOR | $4,359 | $344,367 | $1,735 | $137,041 | $35 | $2,745 | $353 | $27,896 | $378 | $29,823 | $6,860 | $541,872 | $0 | $0 |
| ANN R BARCROFT | ||||||||||||||
| CHIEF ADMINISTRATIVE OFFICER | $3,199 | $252,730 | $2,458 | $194,185 | $40 | $3,172 | $413 | $32,588 | $414 | $32,683 | $6,524 | $515,358 | $0 | $0 |
| JULIE FABER | ||||||||||||||
| CHIEF FINANCIAL OFFICER (THRU 9/24) | $3,381 | $267,090 | $1,663 | $131,403 | $40 | $3,172 | $413 | $32,588 | $120 | $9,487 | $5,617 | $443,740 | $0 | $0 |
| HOLLY J HUGHES | ||||||||||||||
| MANAGING DIRECTOR | $3,369 | $266,088 | $1,268 | $100,147 | $196 | $15,485 | $413 | $32,588 | $286 | $22,625 | $5,532 | $436,933 | $142 | $11,250 |
| RYAN MALAYTER | ||||||||||||||
| DIRECTOR, TECHNOLOGY | $2,490 | $182,170 | $393 | $31,046 | $33 | $17,149 | $303 | $23,906 | $390 | $30,774 | $3,609 | $285,045 | $0 | $0 |
| FREDERIC WAXMAN | ||||||||||||||
| MARKETING DIRECTOR, STRAT PROG | $1,908 | $137,671 | $288 | $22,751 | $28 | $15,331 | $232 | $18,299 | $366 | $28,934 | $2,822 | $222,986 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FIRST-CLASS OR CHARTER TRAVEL THE CHIEF EXECUTIVE OFFICER MAY PURCHASE AND BE REIMBURSED FOR FIRST CLASS AIR TRAVEL FOR BUSINESS TRAVEL ON FLIGHTS OF 2 HOURS OR MORE IN DURATION. BOARD OF DIRECTOR MEMBERS -- FIRST-CLASS TRAVEL OR COMPANION TRAVEL -- WILL REIMBURSE FIRST CLASS AIRFARE TO AND FROM BOARD MEETINGS FOR EACH MEMBER. SEVEN BOARD MEMBERS LISTED IN PART VII RECEIVED FIRST CLASS TRAVEL BENEFITS FOR CALENDAR YEAR ENDING 12/31/23. PART I, LINE 1A: TRAVEL FOR COMPANIONS BAI WILL REIMBURSE THE COST FOR TWO ROUND TRIP COACH CLASS TICKETS FOR THE BOARD MEMBER AND SPOUSE, PROVIDED THAT THE TOTAL COST OF THE TWO COACH TICKETS DOES NOT EXCEED THE COST OF ONE ROUND TRIP FIRST CLASS TICKET. BAI ISSUES A 1099 TO EACH BOARD MEMBER WHERE BAI REIMBURSES MORE THAN $599 IN A CALENDAR YEAR FOR A SPOUSE'S EXPENSES. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES BAI PAYS FOR THE CHIEF EXECUTIVE OFFICER'S MEMBERSHIP AT A BUSINESS SOCIAL CLUB, WITH THE PRIMARY PURPOSE BEING BUSINESS MEETINGS. |
| PART I, LINE 4B | SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: BANK ADMINISTRATION INSTITUTE HAS A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. HOLLY HUGHES PARTICIPATES IN THE 457(F) PLAN. A PAYMENT WAS MADE TO HOLLY HUGHES IN THE AMOUNT OF $11,392 FOR CALENDAR YEAR ENDING 12/31/23. |
| PART I, LINE 5 | COMPENSATION CONTINGENT ON ITS REVENUE - ORGANIZATION THE ORGANIZATION AND ITS RELATED ORGANIZATION, PROSIGHT FINANCIAL ASSOCIATION, OFFER ALL NON-SALES EMPLOYEES AN OPPORTUNITY TO EARN VARIABLE INCENTIVE COMPENSATION. EACH FISCAL YEAR GOALS ARE ESTABLISHED FOR THE ORGANIZATION, GROUPS AND INDIVIDUALS THROUGH STRATEGIC AND PERFORMANCE PLANNING. INCENTIVE AWARDS ARE CALCULATED AT THE CLOSE OF EACH FISCAL YEAR BASED ON THE ACHIEVEMENT OF APPROVED GOALS. |
| PART I, LINE 6 | COMPENSATION CONTINGENT ON THE NET EARNINGS - ORGANIZATION THE ORGANIZATION AND ITS RELATED ORGANIZATION, PROSIGHT FINANCIAL ASSOCIATION, OFFER ALL NON-SALES EMPLOYEES AN OPPORTUNITY TO EARN VARIABLE INCENTIVE COMPENSATION. EACH FISCAL YEAR GOALS ARE ESTABLISHED FOR THE ORGANIZATION, GROUPS AND INDIVIDUALS THROUGH STRATEGIC AND PERFORMANCE PLANNING. INCENTIVE AWARDS ARE CALCULATED AT THE CLOSE OF EACH FISCAL YEAR BASED ON THE ACHIEVEMENT OF APPROVED GOALS. |
Schedule N IRS990ScheduleN
Disposition Of Assets Detail DispositionOfAssetsDetail (15 entries)
| Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDesc | DistributionDistributionDt | Fair Market Value Of AssetFairMarketValueOfAssetAmt | Method Of FMV DeterminationMethodOfFMVDeterminationTxt | EINEIN | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | IRC SectionIRCSectionTxt |
|---|---|---|---|---|---|---|---|---|---|
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| PETTY CASH | 2024-09-30 | $191 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| CASH - OPERATING ACCOUNT - CHASE | 2024-09-30 | $14,747,286 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| ACCOUNTS RECEIVABLE - OTHER | 2024-09-30 | $340,000 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| PREPAID EXPENSES | 2024-09-30 | $444,383 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| ROU ASSET - CHICAGO | 2024-09-30 | $7,927,720 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| FIXED ASSETS, NET OF ACCUMULATED DEPRECIATION | 2024-09-30 | $763,533 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| DEFERRED EXPENSE - PAYROLL TAX | 2024-09-30 | $74,546 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| ACCOUNTS PAYABLE | 2024-09-30 | -$23,436 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| ACCRUED ANNUAL INCENTIVES | 2024-09-30 | -$2,650,655 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| ACCRUED PAYROLL & VACATION | 2024-09-30 | -$257,446 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| ACCRUED QUALIFIED CONTRIBUTION | 2024-09-30 | -$452,528 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| TAXES PAYABLE | 2024-09-30 | -$13,237 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| CUSTOMER CREDIT DUE | 2024-09-30 | -$10,000 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| ACCRUED EXPENSE | 2024-09-30 | -$92,280 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| PROSIGHT FINANCIAL ASSOCIATION | |||||||||
| LEASE LIABILITY-LT-CHICAGO | 2024-09-30 | -$8,633,638 | FMV | 362026204 | 222 W ADAMS STREET SUITE 230 | CHICAGO | IL | 60606 | 501(C)(6) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | 0 | DirectorOfSuccessor2Ind |
| Employee Of Successor2 | 0 | EmployeeOfSuccessor2Ind |
| Owner Of Successor2 | 0 | OwnerOfSuccessor2Ind |
| Receive Compensation2 | 0 | ReceiveCompensation2Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE N, PART II: | FormAndLineReferenceDesc |
| Explanation | AT THE COMPLETION OF THE BUSINESS COMBINATION OF BAI CENTER AND THE RISK MANAGEMENT ASSOCIATION, MANAGEMENT REVIEWED PRIOR TRANSACTIONS BETWEEN BAI CENTER AND BAI. THE TRANSACTIONS IMPACTED THE FOLLOWING AREAS OF THE BALANCE SHEET REPORTED ON THE 990: CASH, ACCOUNTS RECEIVABLE, PREPAID EXPENSES, ROU ASSET, FIXED ASSETS, DEFERRED EXPENSES, ACCRUALS AND PAYABLES, AND LEASE LIABILITY. BASED UPON THAT REVIEW MANAGEMENT REVERSED TRANSACTIONS BETWEEN THE ENTITIES. CORRECTIONS FOR PRIOR PERIODS WERE COMPLETED EFFECTIVE SEPTEMBER 30, 2024. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART V, LINE 2A: | BANK ADMINISTRATION INSTITUTE (BAI) IS THE COMMON PAYMASTER FOR PROSIGHT FINANCIAL ASSOCIATION (PROSIGHT). BAI IS LISTING NO EMPLOYEES ON PART V, LINE 2A AS THE EMPLOYEES ARE ALL INCLUDED UNDER PROSIGHT. |
| FORM 990, PART VI, SECTION A, LINE 1A | DELEGATION OF AUTHORITY EXECUTIVE COMMITTEE THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS TO BE COMPOSED OF THE CHAIR OF THE BOARD, VICE-CHAIR, PRESIDENT AND CHIEF EXECUTIVE OFFICER, SECRETARY, TREASURER AND THE PAST CHAIR OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL SERVE AS A NOMINATING COMMITTEE TO IDENTIFY AND NOMINATE CANDIDATES FOR UPCOMING VACANCIES. THE EXECUTIVE COMMITTEE SHALL BE AUTHORIZED AND EMPOWERED, IN MATTERS PERTAINING TO SUCH SUBJECTS AND DUTIES ENJOINED UPON THE BOARD OF DIRECTORS WHICH REQUIRE DECISION AS TO POLICY AND PROCEDURE IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, TO ACT AND MAKE SUCH DECISIONS ON BEHALF OF THE BOARD OF DIRECTORS EXCEPT AS OTHERWISE PROVIDED BY LAW. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE MAY, FROM TIME TO TIME, MAKE ITS OWN RULES GOVERNING ITS CONDUCT OF BAI BUSINESS EXCEPT WHERE OTHERWISE PROVIDED HEREIN. THE EXECUTIVE COMMITTEE WILL APPROVE THE BOARDS OF DIRECTORS OF BAI'S SUBSIDIARIES AND AFFILIATES. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE BYLAWS WERE UPDATED TO CHANGE THE TOTAL NUMBER OF BOARD MEMBERS TO A MAXIMUM OF 18 AND THE NUMBER OF OFFICERS TO 7. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED AND REVIEWED BY AN EXTERNAL ACCOUNTING FIRM, GRANT THORNTON ADVISORS LLC IN CONJUNCTION WITH MANAGEMENT. ONCE FINALIZED, THE FORM 990 IS REVIEWED AND APPROVED BY BANK ADMINISTRATION INSTITUTE'S CONTROLLER, CHIEF FINANCIAL OFFICER AND CHIEF ADMINISTRATIVE OFFICER, AND EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT BAI'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD OF DIRECTORS AND EMPLOYEES. FOR BOARD OF DIRECTORS, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF A FINANCIAL INTEREST, AS WELL AS ALL MATERIAL FACTS TO THE DIRECTORS AND COMMITEE MEMBERS WITH GOVERNING BOARD DELEGATED POWERS, CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FOR EMPLOYEES, AN INTERESTED PERSON MUST NOTIFY HUMAN RESOURCES AS SOON AS SUCH POTENTIAL CONFLICT ARISES. FOR BOARD OF DIRECTORS, AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. FOR EMPLOYEES, HUMAN RESOURCES (HR) REVIEWS THE CONFLICTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | PROCESS FOR DETERMINING COMPENSATION EACH YEAR, BAI AND PROSIGHT FINANCIAL ASSOCIATION, THROUGH AN OVERLAPPING HR COMMITEE, ENGAGE AN OUTSIDE HR CONSULTANT TO BENCHMARK EXECUTIVE COMPENSATION USING DATA FROM A NUMBER OF PUBLISHED SALARY SURVEYS. THE OVERLAPPING HR COMMITTEE OF THE BOARD OF DIRECTORS CONSIDERS THIS BENCHMARKING DATA, THE COMPENSATION REPORTED ON FORM 990 FOR CHIEF EXECUTIVES OF COMPARABLE FINANCIAL SERVICES TRADE ORGANIZATIONS, THE ECONOMIC ENVIRONMENT AND BAI/BAIC BUSINESS CONDITIONS WHEN MAKING COMPENSATION DECISIONS. THE HR COMMITTEE RECOMMENDS CEO COMPENSATION TO THE EXECUTIVE COMMITTEE FOR THEIR APPROVAL. THE COMPENSATION APPROVAL PROCESS FOR THE CEO IS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS. THE HR COMMITTEE ALSO RECEIVES AN ANNUAL DISCLOSURE OF TOTAL COMPENSATION FOR ALL OFFICERS AND LEADERSHIP TEAM MEMBERS AND APPROVES THE PROCESS FOR DETERMINING THEIR COMPENSATION WHICH IS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE HR COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC BAI MAKES THESE DOCUMENTS AVAILABLE TO THE EXTENT REQUIRED BY LAW. |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 25,030. TOTAL EXPENSES 25,030. |
| FORM 990, PART XI, LINE 9: | INTERCOMPANY RECEIVABLE 1,572,915. PENSION ADJUSTMENT 17,318. |
| FORM 990, PART XI, LINE 8 | AT THE COMPLETION OF THE BUSINESS COMBINATION OF BAI CENTER AND THE RISK MANAGEMENT ASSOCIATION, MANAGEMENT REVIEWED PRIOR TRANSACTIONS BETWEEN BAI CENTER AND BAI. THE TRANSACTIONS IMPACTED THE FOLLOWING AREAS OF THE BALANCE SHEET REPORTED ON THE 990: CASH, ACCOUNTS RECEIVABLE, PREPAID EXPENSES, ROU ASSET, FIXED ASSETS, DEFERRED EXPENSES, ACCRUALS AND PAYABLES, AND LEASE LIABILITY. BASED UPON THAT REVIEW MANAGEMENT REVERSED TRANSACTIONS BETWEEN THE ENTITIES. CORRECTIONS FOR PRIOR PERIODS WERE COMPLETED EFFECTIVE SEPTEMBER 30, 2024. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|
| PROSIGHT FINANCIAL ASSOCIATION | ||||||||||
| 222 W ADAMS STREET STE 2300 | CHICAGO | IL | 60606 | 362026204 | EDUCATION | IL | 501(C)(6) | N/A | 0 | |
| RISK MANAGEMENT ASSOCIATION FOUNDATION | ||||||||||
| 222 W ADAMS STREET STE 2300 | CHICAGO | IL | 60606 | 473078149 | EDUCATION | IL | 501(C)(3) | 0 | PROSIGHT FINANCIAL ASSOCIATION | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |