PROSIGHT FINANCIAL ASSOCIATION: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- PROSIGHT FINANCIAL ASSOCIATION (EIN 36-2026204)
- Tax period
- 2009-10-01 to 2010-09-30
- Filed
- 2011-05-02
- IRS object ID
- 201101229349300775
- Schema version
- 2009v1.7
- 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) |
|---|---|---|
| Timestamp | 2011-05-02T17:16:24-05:00 | Timestamp |
| Tax Period End Date | 2010-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 W JACKSON BLVD STE 2000 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60604 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362026204 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAI CENTER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BAIC | NameControl |
| Phone | 3125534600 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 SOUTH LASALLE STREET SUITE 330 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60603 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS J DUBNICKA | Name |
| Title | Chief Financial Officer | Title |
| Date Signed | 2011-05-02 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3128560200 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Deborah Bianucci | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 S LASALLE ST SUITE 3300 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60603 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 19442649 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.bai.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1924 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | BAI CENTER IS ESTABLISHED TO ASSIST THE FINANCIAL SERVICES INDUSTRY BY CONDUCTING CERTIFICATIONS, EDUCATIONAL AND RESEARCH PROGRAMS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 545273 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 15637988 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 16095849 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -147745 | InvestmentIncomePriorYear |
| Investment Income Current Year | 261217 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 115739 | OtherRevenuePriorYear |
| Other Revenue Current Year | 134079 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 15605982 | TotalRevenuePriorYear |
| Total Revenue Current Year | 17036418 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6745895 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7356075 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 6817483 | OtherExpensePriorYear |
| Other Expenses Current Year | 6969374 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 13563378 | TotalExpensesPriorYear |
| Total Expenses Current Year | 14325449 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2042604 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2710969 | RevenuesLessExpensesCY |
| Total Assets BOY | 32199587 | TotalAssetsBOY |
| Total Assets EOY | 31105429 | TotalAssetsEOY |
| Total Liabilities BOY | 15937354 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 11789970 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 16262233 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 19315459 | NetAssetsOrFundBalancesEOY |
| Mission Description | BAI CENTER IS ESTABLISHED TO ASSIST THE FINANCIAL SERVICES INDUSTRY BY CONDUCTING CERTIFICATIONS, EDUCATIONAL AND RESEARCH PROGRAMS. | MissionDescription |
| Significant New Program Services | true | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | BAI CENTER PROVIDES TRAINING SOLUTIONS DESIGNED TO EDUCATE FINANCIAL SERVICES EMPLOYEES ON KEY FINANCIAL AND OPERATIONAL ISSUES. OUR PROGRAMS FOCUS ON COMPLIANCE, SECURITY, LENDING AND RETAIL BANKING PROCEDURES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BAI CENTER WORKED ON NUMEROUS RESEARCH, SURVEY AND BENCHMARK STUDIES WHICH EDUCATE INDIVIDUALS ABOUT THE FINANCIAL SERVICES INDUSTRY. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BAI CENTER SEEKS TO IMPROVE BANK EFFECTIVENESS THROUGH CERTIFIED BANK AUDITOR (CBA), CERTIFIED RISK PROFESSIONAL (CRP), AND THE LOAN REVIEW PROGRAMS. THE CRP HAS THE FOLLOWING 4 SPECIALTIES: AUDIT, COMPLIANCE, FINANCE, AND ACCOUNTING TREASURY, ASSET/LIABILITY & BALANCE SHEET RISK MANAGEMENT. OVER 7,000 INDIVIDUALS HAVE BEEN CERTIFIED THROUGH THESE THREE PROGRAMS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 16 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | THOMAS J DUBNICKA | NamePerson |
| Telephone Number | 3126832378 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 S LASALLE STREET SUITE 3300 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60603 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (30 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Timothy P Moen | ||||||||
| Chairman of the Board | 1.0 | X | 0 | 0 | 0 | |||
| John H Freeman | ||||||||
| Vice Chairman | 1.0 | X | 0 | 0 | 0 | |||
| Douglas K Freeman | ||||||||
| Past Chairman | 1.0 | X | 0 | 0 | 0 | |||
| Richard C Hartnack | ||||||||
| Counselor to the Board | 1.0 | X | 0 | 0 | 0 | |||
| Richard A Hansen | ||||||||
| Secretary | 1.0 | X | 0 | 0 | 0 | |||
| Craig I Coit | ||||||||
| Treasurer | 1.0 | X | 0 | 0 | 0 | |||
| John R Beran | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| Jon N Couture | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| Betty L Cowell | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| Raymond P Davis | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| Rilla S Delorier | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| Lewis C Fischer | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| Mark J Hogan | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| Bruce D Murphy | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| James W Nelson | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| Harlan C Parish | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| Scott M Peters | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| Charles R Tonge | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| Michele R Trolli | ||||||||
| Director-at-Large | 1.0 | X | 0 | 0 | 0 | |||
| Debbie Bianucci | ||||||||
| President & CEO | 20.0 | X | 382231 | 227778 | 33971 | X | ||
| Thomas Dubnicka | ||||||||
| Chief Financial Officer | 20.0 | 217583 | 129661 | 37614 | X | |||
| Ann Barcroft | ||||||||
| Assistant Secretary | 20.0 | 175268 | 104445 | 35034 | X | |||
| James McNeil | ||||||||
| Chief Operating Officer | 20.0 | 321589 | 191640 | 39153 | X | |||
| Thomas Hoscheidt | ||||||||
| Managing Director, Benchmarkin | 40.0 | 173951 | 0 | 33586 | X | |||
| Dana Dolan | ||||||||
| Managing Director, Marketing | 20.0 | 150025 | 89402 | 15574 | X | |||
| Rebecca Andrews | ||||||||
| Senior Account Manager | 40.0 | 179210 | 0 | 28797 | X | |||
| Jeff Hartney | ||||||||
| Sales Director, Research & Ben | 40.0 | 166716 | 0 | 31682 | X | |||
| L Jason Dare | ||||||||
| Senior Account Manager | 40.0 | 142796 | 0 | 27693 | X | |||
| Eric Bingen | ||||||||
| Director Online Delivery | 20.0 | 93436 | 55680 | 13670 | X | |||
| Thomas Drogos | ||||||||
| Senior Account Manager, Resear | 40.0 | 153419 | 0 | 7523 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2156224 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 798606 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 304297 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| DATA MENTORS | |||||
| 2319-104 OAK MYRTLE LANE | WESLEY CHAPEL | FL | 33543 | DATA PROCESSING | 911900 |
| SABA SOFTWARE | |||||
| DEPT 33412 PO BOX 39000 | SAN FRANCISCO | CA | 94139 | CONSULTING | 461886 |
| ADECCO EMPLOYMENT SERVICES | |||||
| DEPT CH 14091 | PALATINE | IL | 60055 | VARIABLE RESOURCES | 186118 |
| ROGER NEALE | |||||
| 1736 N SEDGEWICK ST | CHICAGO | IL | 60614 | VARIABLE RESOURCES | 123706 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Membership Dues | 545273 | MembershipDues |
| Total Contributions | 545273 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| REGISTRATION FEES | 611600 | 192360 | 192360 |
| SUBSCRIPTIONS | 611600 | 9253272 | 9253272 |
| RESEARCH FEES | 900099 | 6550660 | 6550660 |
| SET-UP FEES | 611600 | 28275 | 28275 |
| SINGLE PRODUCTS | 611600 | 47952 | 47952 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 23330 | TotalRevenueColumn |
| Related Or Exempt Function Income | 23330 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 16095849 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 234058 | TotalRevenueColumn |
| Exclusion | $234,058 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 83404 | TotalRevenueColumn |
| Exclusion | $83,404 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2433390 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2406228 | Securities |
| Other | 3 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 27162 | Securities |
| Other | -3 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 27159 | TotalRevenueColumn |
| Exclusion | $27,159 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CONFERENCE SPONSORS | Description |
| Business Code | 900004 | BusinessCode |
| Total Revenue Column | 50675 | TotalRevenueColumn |
| Exclusion | $50,675 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 50675 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17036418 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16095849 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $395,296 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1346052 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5237999 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115350 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 275913 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 380761 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60494 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41060 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 442310 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163411 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 365839 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1189836 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65482 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 862592 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 395881 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39100 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 295094 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2244223 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67517 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| RECRUITING | 32295 |
| TAXES/LICENSES | 4075 |
| DUES, SUBSCRIPTIONS AND BOOKS | 23892 |
| COST OF GOODS SOLD | 653877 |
| VARIABLE RES. CONTENT/CHANNEL | 18939 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3457 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14325449 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 986 | BOY |
| EOY | 197 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1559051 | BOY |
| EOY | 2017929 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 403050 | BOY |
| EOY | 692799 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 828369 | BOY |
| EOY | 453246 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 272613 | BOY |
| EOY | 233709 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2955936 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1008751 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2207155 | BOY |
| EOY | 1947185 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12051928 | BOY |
| EOY | 12300733 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14876435 | BOY |
| EOY | 13459631 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32199587 | BOY |
| EOY | 31105429 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 545724 | BOY |
| EOY | 427193 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1430386 | BOY |
| EOY | 1870616 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13961244 | BOY |
| EOY | 9492161 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15937354 | BOY |
| EOY | 11789970 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16262233 | BOY |
| EOY | 19315459 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16262233 | BOY |
| EOY | 19315459 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32199587 | BOY |
| EOY | 31105429 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Land | Land | |
| Buildings | Buildings |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 44232 | OtherCostOrOtherBasis |
| Depreciation | 35147 | Depreciation |
| Book Value | 9085 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2833737 | OtherCostOrOtherBasis |
| Depreciation | 973604 | Depreciation |
| Book Value | 1860133 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 77967 | OtherCostOrOtherBasis |
| Book Value | 77967 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1947185 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO BAI | Description |
| Amount | $9,492,161 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 9492161 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule D, Part X | Identifier |
| Return Reference | ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 | ReturnReference |
| Explanation | The Institute adopted the provisions of ASC 740-10-25-6, "Accounting for Uncertainty in Income Taxes" as of October 1, 2009. ASC 740-10-25-6 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. It also states that the tax benefits from an uncertain tax position can be recognized in the 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. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The tax years ending 2007, 2008 and 2009 are still open to audit for both Federal and state purposes. The adoption of ASC 740-10-25-6 did not have any impact on the Institute's financial statements. BAI and BAI Center have received favorable determination letters from the Internal Revenue Service as exempt organizations under Sections 501(c)(3) and (6), respectively, of the Internal Revenue Code of 1986. Certain income derived from BAI's publications and webcasts are considered to be unrelated business income and is, therefore, subject to Federal and state taxes. As unrelated business expenses exceeded unrelated business income, no taxes were payable at September 30, 2010 or 2009. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (11 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debbie Bianucci | |||||||||||||
| 197947 | 117960 | 152107 | 90643 | 32177 | 19175 | 9211 | 5489 | 12075 | 7196 | 403517 | 240463 | 0 | 0 |
| Thomas Dubnicka | |||||||||||||
| 129588 | 77223 | 76033 | 45309 | 11962 | 7129 | 8928 | 5320 | 14641 | 8725 | 241152 | 143706 | 0 | 0 |
| Ann Barcroft | |||||||||||||
| 109566 | 65292 | 53952 | 32151 | 11750 | 7002 | 9211 | 5489 | 12741 | 7593 | 197220 | 117527 | 0 | 0 |
| James McNeil | |||||||||||||
| 219605 | 130866 | 84970 | 50635 | 17014 | 10139 | 9211 | 5489 | 15322 | 9131 | 346122 | 206260 | 0 | 0 |
| Thomas Hoscheidt | |||||||||||||
| 130758 | 0 | 24453 | 0 | 18740 | 0 | 9167 | 0 | 24419 | 0 | 207537 | 0 | 0 | 0 |
| Dana Dolan | |||||||||||||
| 112686 | 67151 | 25630 | 15273 | 11709 | 6978 | 8967 | 5343 | 792 | 472 | 159784 | 95217 | 0 | 0 |
| Rebecca Andrews | |||||||||||||
| 42881 | 0 | 123727 | 0 | 12602 | 0 | 11024 | 0 | 17773 | 0 | 208007 | 0 | 0 | 0 |
| Jeff Hartney | |||||||||||||
| 117104 | 0 | 30652 | 0 | 18960 | 0 | 10009 | 0 | 21673 | 0 | 198398 | 0 | 0 | 0 |
| L Jason Dare | |||||||||||||
| 40024 | 0 | 88663 | 0 | 14109 | 0 | 8920 | 0 | 18773 | 0 | 170489 | 0 | 0 | 0 |
| Eric Bingen | |||||||||||||
| 67320 | 40117 | 11255 | 6707 | 14861 | 8856 | 3956 | 2358 | 4609 | 2747 | 102001 | 60785 | 0 | 0 |
| Thomas Drogos | |||||||||||||
| 71316 | 0 | 62353 | 0 | 19750 | 0 | 5182 | 0 | 2341 | 0 | 160942 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule J, Part 1, Line 1a | Identifier |
| Explanation | Executive Management Team Members -- first-class travel only -- on business travel flights of two (2) hours or more in duration, executive team management members may purchase and be reimbursed for airline upgrade coupons to be used in conjunction with an existing coach class ticket. BOD Members -- first-class travel or companion travel -- will reimburse first class airfare to and from Board Meetings for each member. Alternatively, 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 as BAI center has a shared payroll with BAI, to each Board member where BAI reimburses more than $599 in a calendar year for a spouse's expenses. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part III, Line 2 | BAI Center, as a 501(c)(6) membership organization has begun in its fiscal year ending 9/30/2010 to collect dues from its members. Previously, dues were collected and recorded on the books of its related organization, Bank Administration Institute. The board decided that BAI Center was the more appropriate entity of which to collect and report the membership dues. |
| FORM 990, PART VI, SECTION A, LINE 2 | BAI CENTER IS AN EDUCATIONAL ORGANIZATION SERVING THE FINANCIAL SERVICES INDUSTRY. ITS BOARD MEMBERS ARE ALL EMPLOYEES OF FINANCIAL ORGANIZATIONS WHICH UTILIZE BAI'S EDUCATIONAL RESOURCES. THE EMPLOYERS OF ITS BOARD MEMBERS DO BUSINESS WITH EACH OTHER ON A DAILY BASIS IN THE ORDINARY COURSE OF BUSINESS (E.G. EACH BANK CLEARS CHECKS FROM THE OTHER BANKS). |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ORGANIZATION SENDS THE TAX RETURN TO EACH VOTING MEMBER OF THE ORGANIZATION'S BOD EXECUTIVE COMMITTEE IN ELECTRONIC FORM PRIOR TO ITS FILING WITH THE IRS. THE BOD MEMBERS WILL CONDUCT A REVIEW OF THE FORM 990 (INCLUDING REQUIRED SCHEDULES) AND WILL HAVE THE OPPORTUNITY TO ASK QUESTIONS AND MAKE COMMENTS. Any final changes are incorporated into the return before the final return is filed with the IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | BAI Center's conflict of interest policy covers all Board of Director members and employees. For Board of Director members, an interested person must disclose the existence of the financial interest by giving the opportunity to disclose all material facts to the directors and member of committee with governing board delegated posers 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 a potential conflict arises. For Board of Director members, 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 dicussed and voted upon. For Employees, Human Resources reviews the conflicts. |
| FORM 990, PART VI, SECTION B, LINE 15 | EACH YEAR, BAI CENTER HIRES AN OUTSIDE HR CONSULTING FIRM TO BENCHMARK EXECUTIVE COMPENSATION USING DATA FROM A NUMBER OF PUBLISHED SALARY SURVEYS. THE HR COMMITTEE OF THE BAI CENTER 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 BUSINESS CONDITIONS WHEN MAKING COMPENSATION DECISIONS. THE HR COMMITTEE ALSO RECEIVES AN ANNUAL DISCLOSURE OF TOTAL COMPENSATION FOR ALL OFFICERS, INCLUDING A THREE-YEAR COMPENSATION HISTORY. THE HR COMMITTEE APPROVES OFFICER COMPENSATION AND THEY RECOMMEND CEO COMPENSATION TO THE FULL BOARD OF DIRECTORS FOR THEIR APPROVAL. |
| FORM 990, PART VI, SECTION C, LINE 19 | BAI CENTER DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| Form 990, PART VII, SECTION A | All individuals who received reportable compensation from related organizations worked an average of 20 hours per week at Bank Administration Institute and an average of 20 hours per week at BAI Center. |
| FORM 990, SCHEDULE R, PART V, SECTION 2 | Bank Administration Institute received from BAI Center a reimbursement of expenses. This expense amount has been valued at $3,937,215. This amount is based on fair market value, and the payment is handled through an intercompany account maintained by the two organizations. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANK ADMINISTRATION INSTITUTE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 S LASALLE STREET SUITE 3300 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60603 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363330171 | EIN |
| Primary Activities | EDUCATION | PrimaryActivities |
| Legal Domicile State | IL | LegalDomicileState |
| Exempt Code Section | 9 | ExemptCodeSection |
| Public Charity Status | 501(C)(3) | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAI | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANK ADMINISTRATION INSTITUTE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | O | TransactionType |
| Amount Involved | 3937215 | AmountInvolved |