2024-10-09T10:21:15-05:00 2023-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 521295453 AMERICAN BANKRUPTCY INSTITUTE AMER 7037390800 66 CANAL CENTER PLAZA 600 ALEXANDRIA VA 22314 AMY QUACKENBOSS EXECUTIVE DIRECTOR 7037390800 2024-10-09 1 0 ELIZABETH W HELLER P00397829 3019519090 2023 2024-10-15 13:58:12Z AMY QUACKENBOSS 66 CANAL CENTER PLAZA 600 ALEXANDRIA VA 22314 10733431 0 X WWW.ABIWORLD.ORG X 1982 VA SEE PART III, LINE 1. 68 68 37 100 576497 0 589185 231539 9345475 9749227 202827 387628 121595 92852 10259082 10461246 64846 31095 0 0 3952585 4418666 0 0 231399 5193276 5253541 9210707 9703302 1048375 757944 20871233 21458538 4551843 3543525 16319390 17915013 X THE AMERICAN BANKRUPTCY INSTITUTE IS THE NATION'S LARGEST ASSOCIATION OF BANKRUPTCY PROFESSIONALS, MADE UP OF OVER 10,000 MEMBERS IN MULTI-DISCIPLINARY ROLES, INCLUDING ATTORNEYS, AUCTIONEERS, BANKERS, JUDGES, LENDERS, PROFESSORS, (SEE SCHEDULE O) TURNAROUND SPECIALISTS, ACCOUNTANTS AND OTHERS. ABI IS COMMITTED TO SERVING OUR MEMBERS WITH HIGH-QUALITY CONFERENCES, COMPREHENSIVE CONTINUING EDUCATION, EFFECTIVE LEGAL RESEARCH, AND DYNAMIC NETWORKING OPPORTUNITIES. 0 0 4580529 6011928 CONFERENCES AND MEETINGS: ABI HOLDS TWO NATIONAL MEMBERSHIP MEETINGS AND MANY REGIONAL CONFERENCES THROUGHOUT THE YEAR. THESE MEETINGS OFFER A CONCENTRATED OPPORTUNITY FOR THE EXCHANGE OF IDEAS, DISCUSSIONS OF FINDINGS AMONG COLLEAGUES, AND CONTINUING LEGAL EDUCATION. 1799262 601622 PUBLICATIONS AND OTHER SALES: ABI PRODUCES VARIOUS PUBLICATIONS AND JOURNALS THAT REPRESENT ITS COMMITMENT TO THE ONGOING ENHANCEMENT OF QUALITY EDUCATION ON INSOLVENCY TOPICS. ADDITIONALLY, ABI MAINTAINS A COMPREHENSIVE INTERNET SITE COVERING INSOLVENCY ISSUES AND PROVIDING INSTANT UPDATES ON LEGISLATION, NEW FILINGS, SUPREME COURT CASES, BANKRUPTCY FILING STATISTICS, AND DAILY BANKRUPTCY NEWS. 841770 3203017 MEMBERSHIP SERVICES: ABI PROVIDES ONGOING SERVICES TO ITS MEMBERS IN ORDER TO PROVIDE A BROAD, IN-DEPTH RESOURCE OF INSOLVENCY ISSUES AND RELATED SERVICES. 34131 31095 RESEARCH PROJECTS AND GRANTS: ABI PROVIDES FUNDING AND SCHOLARSHIPS TO ENHANCE BANKRUPTCY RESEARCH AND EDUCATION. 34131 31095 7255692 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 1 37 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 68 68 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA GA HI IL KS MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WI X AMY QUACKENBOSS 7037390800 66 CANAL CENTER PLAZA 600 ALEXANDRIA VA 22314 ROBERT P REYNOLDS CHAIRMAN 5.00 X X 0 0 0 KEVIN J CAREY IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 SONEET R KAPILA PRESIDENT 5.00 X X 0 0 0 CHRISTOPHER A WARD PRESIDENT ELECT 5.00 X X 0 0 0 PAUL HAGE SECRETARY 5.00 X X 0 0 0 WILLIAM H HENRICH TREASURER 5.00 X X 0 0 0 BRUCE A HARWOOD VP - COMM & IT 5.00 X X 0 0 0 EVE H KARASIK VP - DIVERSITY & INCLUSION 5.00 X X 0 0 0 STEPHEN D LERNER VP - INTERNATIONAL 5.00 X X 0 0 0 JERRY M MARKOWITZ VP - MEMBERSHIP 5.00 X X 0 0 0 PAUL D LEAKE VP - PUBLICATIONS 5.00 X X 0 0 0 HANNAH L BLUMENSTIEL VP - RESEARCH/GRANTS 5.00 X X 0 0 0 BRADLEY D SHARP VP - DEVELOPMENT 5.00 X X 0 0 0 MICHELLE M HARNER VP - EDUCATION 5.00 X X 0 0 0 JANET S BAER DIRECTOR 1.00 X 0 0 0 STEVEN M BERMAN DIRECTOR 1.00 X 0 0 0 MARCHAND BOYD DIRECTOR 1.00 X 0 0 0 JASON S BROOKNER DIRECTOR 1.00 X 0 0 0 CATHERINE CATANESE DIRECTOR 1.00 X 0 0 0 DAWN M CICA DIRECTOR 1.00 X 0 0 0 PATRICK A CLISHAM DIRECTOR 1.00 X 0 0 0 SONIA COLON DIRECTOR 1.00 X 0 0 0 H DAVID COX DIRECTOR 1.00 X 0 0 0 MATTHEW FAGA DIRECTOR 1.00 X 0 0 0 MICHAEL A FAGONE DIRECTOR 1.00 X 0 0 0 JEREMY FISCHER DIRECTOR 1.00 X 0 0 0 DOUGLAS M FOLEY DIRECTOR 1.00 X 0 0 0 ERIC J FROMME DIRECTOR 1.00 X 0 0 0 JOHN T GREGG DIRECTOR 1.00 X 0 0 0 LISA S GRETCHKO DIRECTOR 1.00 X 0 0 0 ARIANE HOLTSCHLAG DIRECTOR 1.00 X 0 0 0 THOMAS M HORAN DIRECTOR 1.00 X 0 0 0 BARBARA HOUSER DIRECTOR 1.00 X 0 0 0 JAMES ROBERT IRVING DIRECTOR 1.00 X 0 0 0 ERIC L JOHNSON DIRECTOR 1.00 X 0 0 0 ERICKA F JOHNSON DIRECTOR 1.00 X 0 0 0 KRISTINA JOHNSON DIRECTOR 1.00 X 0 0 0 ALLEN KADISH DIRECTOR 1.00 X 0 0 0 SHANTI M KATONA DIRECTOR 1.00 X 0 0 0 JENNIFER B KIMBLE DIRECTOR 1.00 X 0 0 0 SUZANNE KOENIG DIRECTOR 1.00 X 0 0 0 FRANKLIND DAVIS LEA DIRECTOR 3.00 X 0 0 0 JOHN W LUCAS DIRECTOR 1.00 X 0 0 0 DOUG LUTZ DIRECTOR 1.00 X 0 0 0 ERIC D MADDEN DIRECTOR 1.00 X 0 0 0 KEN MANN DIRECTOR 1.00 X 0 0 0 JENNIFER M MCLEMORE DIRECTOR 1.00 X 0 0 0 EVELYN J MELTZER DIRECTOR 1.00 X 0 0 0 JENNIFER M MEYEROWITZ DIRECTOR 1.00 X 0 0 0 ERIC MONZO DIRECTOR 1.00 X 0 0 0 ERIKA LYNN MORABITO DIRECTOR 1.00 X 0 0 0 VICTOR OWENS DIRECTOR 1.00 X 0 0 0 JAMES A PEKO DIRECTOR 1.00 X 0 0 0 JEFFREY M REISNER DIRECTOR 1.00 X 0 0 0 SAGE SIGLER DIRECTOR 1.00 X 0 0 0 WILLIAM K SNYDER DIRECTOR 1.00 X 0 0 0 STEPHEN ALEXANDER SPITZER DIRECTOR 1.00 X 0 0 0 KRISTINA STANGER DIRECTOR 1.00 X 0 0 0 WILLIAM S SUGDEN DIRECTOR 1.00 X 0 0 0 ELIZABETH VANDESTEEG DIRECTOR 1.00 X 0 0 0 JAMES E VAN HORN DIRECTOR 1.00 X 0 0 0 ERIC E WALKER DIRECTOR 1.00 X 0 0 0 ADRIENNE K WALKER DIRECTOR 1.00 X 0 0 0 WAYNE WEITZ DIRECTOR 1.00 X 0 0 0 DAVID WENDER DIRECTOR 1.00 X 0 0 0 NANCY J WHALEY DIRECTOR 1.00 X 0 0 0 DONALD A WORKMAN DIRECTOR 1.00 X 0 0 0 CLIFFORD A ZUCKER DIRECTOR 1.00 X 0 0 0 AMY A QUACKENBOSS EXECUTIVE DIRECTOR 40.00 X 456734 0 31412 KARIM GUIRGUIS CHIEF OPERATING OFFICER 40.00 X 269000 0 20639 SATISH KODALI SOFTWARE ENGINEER 40.00 X 183400 0 16779 BARBARA BERESKIN DIRECTOR OF MARKETING 40.00 X 207500 0 23500 JENNIFER GUIRGUIS CONFERENCE DIRECTOR 40.00 X 191500 0 20135 JAMES CARMAN DIRECTOR OF COMMS 40.00 X 180000 0 23551 CHRISTOPHER THACKSTON DIRECTOR OF MEMBERSHIP 40.00 X 191500 0 11987 JOHN HARTGEN PUBLIC AFFAIRS OFFICER 40.00 X 168000 0 15831 1847634 0 163834 16 0 1 0 SC&H GROUP INC 910 RIDGEBROOK RD SPARKS GLENCOE MD 21152 ACCOUNTING SERVICES 272039 WEB METTLE LLC PO BOX 1707 ALEXANDRIA VA 22313 WEB HOSTING SERVICES 144760 ST CROIX PRESS INC 1185 SOUTH KNOWLES AVE NEW RICHMOND WI 54017 PRINT COMMUNICATIONS 140238 BREAKERS PALM BEACH INC 1 S COUNTY RD PALM BEACH FL 33480 EVENT 137400 VISION CREATIVE 5598 GENERAL WASHINGTON DR ALEXANDRIA VA 22312 AUDIO/VIDEO PRODUCTION 100040 5 54815 176724 231539 CONFERENCES & MEETINGS 900099 5944588 5944588 MEMBERSHIPS 900099 2988017 2988017 ADVERTISING 541800 576497 576497 MANAGEMENT SERVICES 900099 215000 215000 PUBLICATIONS 900099 25125 25125 9749227 364784 364784 102986 102986 220300 220300 0 43757 20913 22844 22844 22844 12525 54815 30972 -18447 -18447 MISCELLANEOUS 900099 8313 8313 8313 10461246 9172730 576497 480480 17084 17084 14011 14011 977964 277958 675599 24407 2863585 2387930 357674 117981 117333 99693 12694 4946 208672 155021 45430 8221 251112 175978 65761 9373 256985 186545 62325 8115 19924 19924 290659 152289 135862 2508 31679 20178 11501 737829 505995 210041 21793 414730 301052 100581 13097 199964 190836 5624 3504 3088009 2661698 417902 8409 11397 8272 2765 360 19050 19050 14192 10302 3442 448 MISCELLANEOUS 39468 18291 16445 4732 BAD DEBT 39000 39000 PRESIDENT'S BUDGET 25686 22545 2779 362 PAYROLL FEES 18605 13505 4512 588 46364 36509 7300 2555 9703302 7255692 2216211 231399 3302915 3158632 9800704 1792244 67130 24688 369058 423678 203970 398301 9362 9362 19050 0 6396836 15566927 711570 94068 20871233 21458538 1091558 939046 2470501 2604479 150000 0 839784 0 4551843 3543525 X 16161935 17769095 157455 145918 16319390 17915013 20871233 21458538 757944 837679 0 X 0 1 X 1 0 X 200128 270542 1785571 589185 231539 3076965 8499067 5052460 7066669 8924395 9172730 38715321 8699195 5323002 8852240 9513580 9404269 41792286 40000 12960 52960 48917 245861 187743 69756 302078 854355 48917 245861 227743 69756 315038 907315 40884971 583944 675219 584666 660760 688070 3192659 13273 13273 583944 675219 584666 660760 701343 3205932 94985 2043 16 8313 105357 9378124 6000264 9436906 10174356 10113925 45103575 0.90650 0.91020 0.07110 0.06970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9094744 154611 547986 145403 9651938 9370981 183290 -247570 211957 9094744 9127702 270489 29683 56893 9370981 8802067 238933 101974 15272 9127702 9089820 143441 169577 600771 8802067 1.00000 0 0 9362 9362 0 0 11530273 837679 251272 1088951 10441322 19924 19924 10461246 9934650 251272 251272 9683378 19924 19924 9703302 PART V, LINE 4: TO PROVIDE RESOURCES TO FUND RESEARCH AND EDUCATION IN THE INSOLVENCY AREA. THE ENDOWMENT FUNDS SCHOLARSHIPS, MOOT COURT COMPETITIONS, AND RESEARCH. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES LISTED AS EXPENSES ON THE FINANCIAL 220,300. STATEMENTS, AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 6B. SPECIAL EVENT EXPENSES LISTED AS EXPENSES ON THE FINANCIAL 30,972. STATEMENTS, AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES LISTED AS EXPENSES ON THE FINANCIAL 220,300. STATEMENTS, AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 6B. SPECIAL EVENT EXPENSES LISTED AS EXPENSES ON THE FINANCIAL 30,972. STATEMENTS, AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. LA ENDOWMENT 33700 33700 19338 3379 SW ENDOWMENT 12690 7865 4825 62 8 20950 13250 7700 231 7500 462 67340 54815 12525 231 26838 3903 30972 -18447 1 BROOKLYN LAW SCHOOL 250 JORALEMON STREET BROOKLYN NY 11201 237227990 501(C)(3) 9084 0 YOUNG SCHOLARS PROGRAM 1 0 DUBERSTEIN MOOT COURT/VETERANS TASK FORCE 12 13000 ACA STUDY 1 1011 PART I, LINE 2: THE ORGANIZATION PROVIDES GRANTS AS PART OF THE MOOT COURT PROGRAM, WHICH IS A PROGRAM INTERNAL TO THE ORGANIZATION. THE ORGANIZATION MONITORS AND EVALUATES THE PROGRESS DURING THE YEAR. THE REMAINING AMOUNT GOES TO GRANT RECIPIENTS THAT SUBMITTED APPLICATIONS AND HAVE TO PROVIDE SEMIANNUAL REPORTS ON PROGRESS. THESE ARE ALL REVIEWED BY A GRANTS BOARD COMMITTEE. X X X X X 0 0 0 0 0 0 0 1 0 AMY A QUACKENBOSS EXECUTIVE DIRECTOR 388054 0 68680 0 0 0 21343 0 10069 0 488146 0 0 0 KARIM GUIRGUIS CHIEF OPERATING OFFICER 234000 0 35000 0 0 0 12614 0 8025 0 289639 0 0 0 BARBARA BERESKIN DIRECTOR OF MARKETING 207500 0 0 0 0 0 11169 0 12331 0 231000 0 0 0 JENNIFER GUIRGUIS CONFERENCE DIRECTOR 191500 0 0 0 0 0 10239 0 9896 0 211635 0 0 0 JAMES CARMAN DIRECTOR OF COMMS 180000 0 0 0 0 0 9409 0 14142 0 203551 0 0 0 CHRISTOPHER THACKSTON DIRECTOR OF MEMBERSHIP 191500 0 0 0 0 0 10239 0 1748 0 203487 0 0 0 SATISH KODALI SOFTWARE ENGINEER 178400 0 5000 0 0 0 9808 0 6971 0 200179 0 0 0 JOHN HARTGEN PUBLIC AFFAIRS OFFICER 168000 0 0 0 0 0 7879 0 7952 0 183831 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED PERFORMANCE BASED BONUS PAYMENTS: - AMY A. QUACKENBOSS $68,680 - KARIM GUIRGUIS $35,000 - SATISH KODALI $5,000 FORM 990, PART VI, SECTION A, LINE 2 BRUCE HARWOOD (BOARD MEMBER) AND HANNAH BLUMENSTIEL (BOARD MEMBER) HAVE A FAMILY RELATIONSHIP. KARIM GUIRGUIS (OFFICER) AND JENNIFER GUIRGUIS (HIGHLY COMPENSATED EMPLOYEE) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY ABI'S TAX ACCOUNTANTS WITH INPUT FROM INTERNAL ABI STAFF AND ABI'S OUTSIDE ACCOUNTANTS. IT WAS REVIEWED BY AN EXTERNAL CFO AND THE EXECUTIVE DIRECTOR. AFTER A FINAL DRAFT WAS BEEN PRODUCED THE DOCUMENT WAS PRESENTED TO THE BOARD OF DIRECTORS WHO REVIEWED THE DRAFT AND ACCEPTED THE DRAFT AS FINAL. THE FULL BOARD WAS GIVEN THE OPPORTUNITY TO ASK QUESTIONS OR SUGGEST CHANGES BEFORE THE FINAL DRAFT WAS SENT TO THE IRS. THE EXECUTIVE DIRECTOR PROVIDED THE BOARD WITH SUPPORTING DOCUMENTS THAT HELPED THEM IDENTIFY KEY ITEMS AS WELL AS RECONCILE THE 990 TO THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE AMERICAN BANKRUPTCY INSTITUTE (ABI) HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH IT GIVES TO ALL MEMBERS OF THE BOARD OF DIRECTORS. THE DIRECTORS ARE REQUIRED TO SIGN A FORM DISCLOSING ANY CONFLICTS AND ACKNOWLEDGING THAT THEY HAVE READ AND UNDERSTOOD THE POLICY. THE CFO TRACKS THE SUBMISSION OF THESE FORMS TO INSURE THAT ALL MEMBERS OF THE BOARD HAVE SIGNED THE FORM. THE FORM IS DISTRIBUTED TO NEW MEMBERS OF THE BOARD WHEN THEY JOIN AND ANNUALLY TO ALL MEMBERS OF THE BOARD. CURRENTLY, THERE ARE NO DISCLOSED OR KNOWN CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE ABI HAS A COMPENSATION COMMITTEE WHICH REVIEWS THE EXECUTIVE DIRECTOR'S SALARY AND COMPARES IT TO INDUSTRY AVERAGES. METHODS OF COMPENSATION RESEARCH INCLUDE (BUT ARE NOT LIMITED TO) COMPENSATION SURVEYS AND STUDIES. THE ED SALARIES AND BONUS ARE RECOMMENDED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE EXECUTIVE COMMITTEE. THE ED HAS A WRITTEN EMPLOYMENT CONTRACT. OTHER STAFF MEMBERS' SALARIES ARE DETERMINED BY THE ED BASED ON PERFORMANCE AND SUBJECT TO BUDGETARY RESTRICTIONS. THE EXECUTIVE DIRECTOR REVIEW LAST TOOK PLACE IN FEBRUARY 2023. FORM 990, PART VI, SECTION C, LINE 19 ABI'S FORM 990, GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE (WWW.ABIWORLD.ORG) AND DISTRIBUTED TO MEMBERS OF THE BOARD OF DIRECTORS. WRITTEN COPIES ARE ALSO AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.