2024-08-15T10:11:08-05:00 2023-09-30 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2022-10-01 363330171 BANK ADMINISTRATION INSTITUTE BANK 3125534600 222 W ADAMS STREET STE 2300 CHICAGO IL 60606 JULIE FABER CFO 3125534600 2024-08-15 1 1 MARY TORRETTA P00847851 7038477500 2022 2024-08-08 14:25:15Z BAI DEBORAH BIANUCCI 222 W ADAMS STREET STE 2300 CHICAGO IL 60606 14721182 0 X WWW.BAI.ORG X 1984 IL ADVANCE EDUCATION IN THE FIELDS OF FINANCIAL SERVICES, BANKING, AND RELATED AREAS. 20 19 130 19 17625 0 0 0 80412 16213 792161 1738762 39952 35727 912525 1790702 0 0 0 0 64423 32951 0 0 0 131677 113417 196100 146368 716425 1644334 36857062 45197378 8870619 12540463 27986443 32656915 BAI'S MISSION IS TO ADVANCE RESEARCH AND EDUCATION IN THE FIELDS OF FINANCIAL SERVICES, BANKING, FISCAL AND MONETARY POLICY, ECONOMICS, INVESTMENT AND RELATED AREAS THROUGH EDUCATIONAL SEMINARS AND SYMPOSIA, CONFERENCES AND OTHER MEANS. 0 0 40732 16213 OVER 85 PEOPLE ATTENDED BAI'S EDUCATIONAL CONFERENCES AND SEMINARS IN 2023, AND OVER APPROXIMATELY 1 MILLION PEOPLE VISITED OUR BAI WEBSITE WHICH PROVIDES THOUGHT LEADERSHIP ON A VARIETY OF FINANCIAL SERVICES TOPICS. 94339 BAI BANKING STRATEGIES, AN ONLINE MAGAZINE, ASSISTS IN EDUCATING INDIVIDUALS ON VARIOUS FINANCIAL TOPICS. 135071 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 23 0 1 130 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 IL X JULIE FABER CFO 3125534600 222 W ADAMS STREET STE 2300 CHICAGO IL 60606 DEBORAH L BIANUCCI PRESIDENT AND CEO 0.50 39.50 X X 1154 960834 30740 TIMOTHY S CRANE CHAIRMAN OF THE BOARD 1.00 1.00 X X 0 0 0 TODD M BARNHART VICE CHAIRMAN 1.00 1.00 X X 0 0 0 CHARLES G KIM PAST CHAIRMAN 1.00 1.00 X X 0 0 0 SCOTT M PETERS COUNSELOR TO THE BOARD 1.00 1.00 X X 0 0 0 LARISSA CHAIKOWSKY TREASURER 1.00 1.00 X X 0 0 0 GLORIA C BANKS SECRETARY 1.00 1.00 X X 0 0 0 STEPHEN P BARON DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 ROBERT A BERMAN DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 KATRINA M EVANS DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 NIMA GHAMSARI DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 DARLENE GOINS DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 SHERRY GRAZIANO DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 JOHN T JORDAN DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 SUSAN A LAMONICA DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 CHRISTOPHER J MCCOMISH DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 AARTHI MURALI DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 ARIJIT ROY DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 STEVEN S SALOUTOS DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 MARK R SHEEHAN DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 AMEESH P VAKHARIA DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 JULIE FABER CHIEF FINANCIAL OFFICER 0.50 39.50 X 468 390048 39790 ANN R BARCROFT CHIEF ADMINISTRATIVE OFFICER 0.50 39.50 X 515 428695 62462 HOLLY J HUGHES CHIEF MARKETING OFFICER 6.00 34.00 X 9168 340745 56782 ED MARCHESELLI MANAGING DIRECTOR 0.50 39.50 X 662 551314 65320 RYAN P MALAYTER DIRECTOR, TECHNOLOGY 0.50 39.50 X 263 218645 52817 DAWN JACOBSEN NATIONAL ACCOUNT EXECUTIVE 0.50 39.50 X 213 176864 33817 TERRY BADGER SENIOR EDITOR 0.50 39.50 X 184 153574 16375 12627 3220719 358103 0 0 1 0 CATALYST TECHNOLOGY GROUP INC PO BOX 78000 DETROIT MI 48278 TECH SERVICES 306122 EXPRESS INFORMATION SERVICES PO BOX 691261 SAN ANTONIO TX 78269 TECH SERVICES 174285 RANDSTAD NORTH AMERICA LP DBA TATUM PO BOX 847872 DALLAS TX 75284 VARIABLE RESOURCES 119198 GRANT THORNTON LLP 171 N CLARK ST STE 200 CHICAGO IL 60601 AUDIT AND TAX SERVICES 103659 4 PROGRAMS & CONFERENCES 900099 16213 16213 16213 943567 943567 17602 17602 13725675 12930480 795195 795195 795195 ADVERTISING REVENUE 541800 17625 17625 500 500 18125 1790702 16213 17625 1756864 X 2297 1745 552 24622 19031 5591 2030 1582 448 2306 834 1472 1696 1322 374 132 25 107 175 175 28805 27941 864 53316 53289 27 158 101 57 12042 11639 403 2643 2061 582 2137 1838 299 12933 12913 20 15 12 3 191 149 42 222 222 DUES AND SUBSCRIPTIONS 629 589 40 19 19 146368 135071 11297 0 176 190 20289552 17781882 13547 342112 5218287 5772234 512990 518929 1001008 237475 194162 763533 10628348 11728691 0 8289807 36857062 45197378 3652677 3499582 3750 0 5214192 9040881 8870619 12540463 X 27986443 32656915 27986443 32656915 36857062 45197378 X 1644334 -166971 3193109 X 0 1 X 1 0 X X 1 BAI CENTER 362026204 10 1 441900 0 1 441900 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 PART IV, SECTION A, LINE 3B AS OF THE YEAR-ENDED SEPTEMBER 30, 2023, 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. 1001008 237475 763533 763533 RIGHT OF USE ASSETS 7927720 DUE FROM BAI CENTER 362087 8289807 LEASE LIABILITIES 8633638 RETIREMENT LIABILITIES 334153 DEFERRED COMPENSATION 73090 9040881 X PART X, LINE 2: 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. 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. NO MATERIAL PROVISION WAS NECESSARY FOR BAI FOR UNRELATED BUSINESS INCOME. THERE ARE NO INTEREST OR PENALTIES RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. X X X 1 1 X X X X X 0 1 0 1 1 1 1 0 0 DEBORAH L BIANUCCI PRESIDENT AND CEO 503 419007 624 519236 27 22591 37 30463 0 240 1191 991537 0 0 ED MARCHESELLI MANAGING DIRECTOR 357 297121 300 249656 5 4537 37 30463 42 34778 741 616555 0 0 ANN R BARCROFT CHIEF ADMINISTRATIVE OFFICER 290 241525 221 183729 4 3441 37 30463 38 31924 590 491082 0 0 JULIE FABER CHIEF FINANCIAL OFFICER 306 254862 158 131739 4 3447 37 30463 11 9279 516 429790 0 0 HOLLY J HUGHES CHIEF MARKETING OFFICER 6248 232227 2830 105173 90 3345 799 29701 689 25593 10656 396039 0 0 RYAN P MALAYTER DIRECTOR, TECHNOLOGY 220 182778 40 33043 3 2824 0 22691 0 30126 263 271462 0 0 DAWN JACOBSEN NATIONAL ACCOUNT EXECUTIVE 77 64149 132 109774 4 2941 0 8936 0 24881 213 210681 0 0 TERRY BADGER SENIOR EDITOR 153 127701 28 23126 3 2747 0 14375 0 2000 184 169949 0 0 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. FIVE BOARD MEMBERS LISTED IN PART VII RECEIVED FIRST CLASS TRAVEL BENEFITS FOR CALENDAR YEAR ENDING 12/31/22. 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. PART I, LINE 5A AND 5B: COMPENSATION CONTINGENT ON ITS REVENUE - ORGANIZATION THE ORGANIZATION AND ITS RELATED ORGANIZATION, BAI CENTER, 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 6A AND 6B: COMPENSATION CONTINGENT ON THE NET EARNINGS - ORGANIZATION THE ORGANIZATION AND ITS RELATED ORGANIZATION, BAI CENTER, 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. 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 CHAIRMAN OF THE BOARD, VICE-CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER, SECRETARY, TREASURER, THE PAST CHAIRMAN OF THE BOARD, AND THE COUNSELOR TO 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 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. 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 BAI CENTER, 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 FULL BOARD OF DIRECTORS 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 27,941. TOTAL EXPENSES 27,941. RECRUITING: MANAGEMENT AND GENERAL EXPENSES 864. TOTAL EXPENSES 864. FORM 990, PART XI, LINE 9: INTERCOMPANY TRANSACTION 3,193,109. BAI CENTER 222 W ADAMS STREET SUITE 2300 CHICAGO IL 60606 362026204 EDUCATION IL 501(C)(6) BAI 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 BAI CENTER P 441900 FMV