2022-08-10T18:31:34-05:00 2021-09-30 366055558 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 990 2020-10-01 363330171 BANK ADMINISTRATION INSTITUTE BANK 3125534600 115 SOUTH LASALLE ST NO 3300 CHICAGO IL 60603 JULIE FABER CFO 3125534600 2022-08-10 1 JULIE FABER 999009999 BRIDGET T ROCHE P00666837 3128560200 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BAI DEBORAH BIANUCCI 115 SOUTH LASALLE ST NO 3300 CHICAGO IL 60603 2082115 0 X WWW.BAI.ORG X 1984 IL BANK ADMINISTRATION INSTITUTE (BAI) WAS ESTABLISHED TO ADVANCE EDUCATION IN THE (SEE SCHEDULE O) FIELDS OF FINANCIAL SERVICES, BANKING, AND RELATED AREAS. 18 17 117 17 5250 0 0 0 7689 0 723362 777836 164394 55244 895445 833080 0 0 0 0 72643 27835 0 0 0 726257 120033 798900 147868 96545 685212 25891962 33739061 6485385 9389407 19406577 24349654 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 59963 OVER 350 PEOPLE ATTENDED BAI'S EDUCATIONAL CONFERENCES AND SEMINARS IN 2021, AND OVER 1.6 MILLION PEOPLE VISITED OUR BAI WEBSITE WHICH PROVIDES THOUGHT LEADERSHIP ON A VARIETY OF FINANCIAL SERVICES TOPICS. 76335 BAI BANKING STRATEGIES, AN ONLINE MAGAZINE, ASSISTS IN EDUCATING INDIVIDUALS ON VARIOUS FINANCIAL TOPICS. 136298 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 25 0 1 117 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X JULIE FABER CFO 3126832378 115 SOUTH LASALLE STREET STE 3300 CHICAGO IL 60603 DEBORAH L BIANUCCI PRESIDENT AND CEO 0.50 39.50 X X 2194 1152480 36325 CHARLES G KIM CHAIRMAN OF THE BOARD 1.00 1.00 X X 0 0 0 TIMOTHY S CRANE VICE CHAIRMAN 1.00 1.00 X X 0 0 0 STEVEN S SALOUTOS 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 TODD M BARNHART TREASURER 1.00 1.00 X X 0 0 0 CHARLES T HEIDEN SECRETARY 1.00 1.00 X X 0 0 0 GLORIA C BANKS 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 ULDERICO CALERO DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 LARISSA CHAIKOWSKY DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 TRINA M EVANS 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 BETH M PROVANZANA 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 JANET M COLETTI DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 ROBERT M KOTTLER DIRECTOR-AT-LARGE 1.00 1.00 X 0 0 0 JULIE FABER CHIEF FINANCIAL OFFICER 0.50 39.50 X 678 355881 34084 ANN R BARCROFT CHIEF ADMINISTRATIVE OFFICER 0.50 39.50 X 797 418562 53049 ED MARCHESELLI MANAGING DIRECTOR 0.50 39.50 X 814 427662 53625 HOLLY J HUGHES CHIEF MARKETING OFFICER 6.00 34.00 X 50605 283201 52855 RYAN P MALAYTER DIRECTOR, TECHNOLOGY 0.50 39.50 X 394 206914 44015 MARY E RATCLIFF DIRECTOR, MARKETING 0.50 39.50 X 356 186857 43242 RONALD M GLIANE DIRECTOR, PRODUCT DEVELOPMENT 0.50 39.50 X 383 201281 21580 56221 3232838 338775 19 0 1 0 LOGAN EQUITY GROUP LLC TWO NORTH RIVERSIDE PLAZA CHICAGO IL 60606 TECH SERVICES 195753 DOLMEN COMMUNICATIONS LLC 814 CAMINITO AZUL CARLSBAD CA 92011 COMMUNICATION SERVICES 165600 CATALYST TECHNOLOGY GROUP INC PO BOX 78000 DETROIT MI 48278 TECH SERVICES 124410 GRANT THORNTON LLP 171 N CLARK ST STE 200 CHICAGO IL 60601 AUDIT AND TAX SERVICES 103410 4 718035 718035 48865 48865 1308836 1249035 59801 59801 59801 ADVERTISING 541800 5250 5250 1129 1129 6379 833080 0 5250 827830 X 3560 2359 1201 18470 12245 6225 1892 1496 396 2176 650 1526 1737 1374 363 201 157 44 185 185 89893 89550 343 15922 15896 26 2627 2547 80 5987 5728 259 2357 1864 493 95 95 12 12 25 20 5 256 203 53 206 206 DUES AND SUBSCRIPTIONS 2253 2209 44 14 14 147868 136298 11570 0 191 191 9905904 15583163 79122 11500 4264774 4717501 246597 395181 3607062 3435671 228203 171391 11167171 12860134 0 0 25891962 33739061 3372467 3740348 -3750 0 3116668 5649059 6485385 9389407 X 19406577 24349654 19406577 24349654 25891962 33739061 X 685212 1377475 2880390 X 0 1 X 1 0 X 444438 151671 509998 32000 0 1138107 1947728 1375362 718876 7689 0 4049655 2392166 1527033 1228874 39689 5187762 0 0 0 5187762 534941 601454 724010 732985 766900 3360290 534941 601454 724010 732985 766900 3360290 0 0 38245 0 0 38245 49962 22120 20239 81276 6379 179976 2977069 2150607 2011368 853950 773279 8766273 0.59180 0.74750 0.38330 0.22710 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: CONFERENCE COMMISSION REVENUE - 2016 AMOUNT: $ 32,929. 2017 AMOUNT: $ 21,520. 2018 AMOUNT: $ 15,386. 2019 AMOUNT: $ 16,666. 2020 AMOUNT: $ 4,850. MISCELLANEOUS REVENUE - 2016 AMOUNT: $ 15,757. 2017 AMOUNT: $ 600. 2018 AMOUNT: $ 4,853. 2019 AMOUNT: $ 64,610. 2020 AMOUNT: $ 1,129. PUBLICATION REVENUE - 2016 AMOUNT: $ 1,276. 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 400. SCHEDULE A, PART III, LINE 1 THE AMOUNTS REPORTED ON SCHEDULE A, PART III, LINE 1 REPRESENT QUALIFIED SPONSORSHIP PAYMENTS RECEIVED BY BAI. 226321 189575 36746 3380741 3246096 134645 171391 DUE TO BAI CENTER 4788496 RETIREMENT LIABILITIES 448479 LEASE LIABILITY 328932 DEFERRED COMPENSATION 83152 5649059 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 1064 559191 1028 539764 102 53525 49 25601 20 10655 2263 1188736 0 0 ED MARCHESELLI MANAGING DIRECTOR 513 269365 295 155091 6 3206 49 25601 53 27922 916 481185 0 0 ANN R BARCROFT CHIEF ADMINISTRATIVE OFFICER 424 222842 367 192579 6 3141 49 25601 52 27347 898 471510 0 0 JULIE FABER CHIEF FINANCIAL OFFICER 449 235676 223 117052 6 3153 49 25601 16 8418 743 389900 0 0 HOLLY J HUGHES CHIEF MARKETING OFFICER 33790 189097 16338 91435 477 2669 3889 21761 4124 23081 58618 328043 0 0 RYAN P MALAYTER DIRECTOR, TECHNOLOGY 324 170118 65 34320 5 2476 36 19139 47 24793 477 250846 0 0 MARY E RATCLIFF DIRECTOR, MARKETING 290 152587 58 30316 8 3954 33 17380 49 25780 438 230017 0 0 RONALD M GLIANE DIRECTOR, PRODUCT DEVELOPMENT 321 168477 57 30011 5 2793 35 18147 6 3392 424 222820 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. ALTERNATIVELY, BAI WILL REIMBURSE THE COST FOR TWO ROUND TRIP COARCH 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. SEVEN BOARD MEMBERS LISTED IN PART VII RECEIVED FIRST CLASS TRAVEL BENEFITS FOR CALENDAR YEAR ENDING 12/31/20. 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. PART I, LINE 1A: 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. DEBORAH BIANUCCI AND HOLLY HUGHES PARTICIPATE IN THE 457(F) PLAN. A PAYMENT WAS MADE TO DEBORAH BIANUCCI OF $192,049 FOR CALENDAR YEAR ENDING 12/31/20. PART I, LINES 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, LINES 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 1 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 ORGANIZATION DISTRIBUTES THE TAX RETURN ELECTRONICALLY TO EACH VOTING MEMBER OF THE BOARD OF DIRECTORS PRIOR TO IT'S FILING WITH THE IRS. 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 BANK ADMINISTRATION INSTITUTE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES:: PROGRAM SERVICE EXPENSES 89,550. MANAGEMENT AND GENERAL EXPENSES 343. TOTAL EXPENSES 89,893. FORM 990, PART XI, LINE 9: INTERCOMPANY TRANSACTION 2,880,390. BAI CENTER 115 S LASALLE STREET CHICAGO IL 60603 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 4788496 FMV