PROSIGHT FINANCIAL ASSOCIATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PROSIGHT FINANCIAL ASSOCIATION (EIN 36-2026204)
- Tax period
- 2023-10-01 to 2024-09-30
- Filed
- 2025-08-14
- IRS object ID
- 202542269349300904
- 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 | 2025-08-14T05:39:00-05:00 | 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 | 1000 WILSON BOULEVARD SUITE 1500 | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22209 | 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 | 362026204 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROSIGHT FINANCIAL ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BAIC | 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 | 7038477500 | 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 CENTER | 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 | $115,063,381 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.BAI.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1924 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | EMPOWERING FINANCIAL SERVICES LEADERS TO STRENGTHEN AND ADVANCE OUR INDUSTRY | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 134 | TotalEmployeeCnt |
| Total Volunteers | 925 | TotalVolunteersCnt |
| Total Gross UBI | $296,862 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $167,461 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $31,800,037 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $50,465,273 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,526,274 | PYInvestmentIncomeAmt |
| CY Investment Income | -$125,599 | CYInvestmentIncomeAmt |
| PY Other Revenue | $744,273 | PYOtherRevenueAmt |
| CY Other Revenue | $1,162,320 | CYOtherRevenueAmt |
| PY Total Revenue | $34,070,584 | PYTotalRevenueAmt |
| CY Total Revenue | $51,501,994 | 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 | $21,329,208 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $35,359,262 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,452,693 | PYOtherExpensesAmt |
| CY Other Expenses | $21,736,100 | CYOtherExpensesAmt |
| PY Total Expenses | $30,781,901 | PYTotalExpensesAmt |
| CY Total Expenses | $57,095,362 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,288,683 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$5,593,368 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $30,045,759 | TotalAssetsBOYAmt |
| Total Assets EOY | $103,023,796 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,034,094 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $44,452,173 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $21,011,665 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $58,571,623 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | EMPOWERING FINANCIAL SERVICES LEADERS TO STRENGTHEN AND ADVANCE OUR INDUSTRY | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROSIGHT FINANCIAL ASSOCIATION TRAINING IS DESIGNED TO EDUCATE FINANCIAL SERVICES LEADERS TO ENSURE THAT LEADERS UNDERSTAND THE LATEST COMPLIANCE REGULATIONS AND HOW TO APPLY THEM TO BEST SERVE THEIR CUSTOMERS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROSIGHT FINANCIAL ASSOCIATION RESEARCH EDUCATES LEADERS ON KEY ISSUES AND TRENDS IN THE FINANCIAL SERVICES INDUSTRY. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROSIGHT FINANCIAL ASSOCIATION HOLDS CONFERENCES AND ROUNDTABLES CREDIT RISK, OPERATIONAL RISK, MARKET RISK, ENTERPRISE RISK, AND SECURITIES LENDING CONFERENCES AND PEER SHARING MEETINGS HELD EACH YEAR. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | 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 | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | 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 | Yes (1) | 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 |
| 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 | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 28 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 134 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| 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 |
| 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 |
| 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 (43 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 | 39.50 | 0.50 | Yes (X) | Yes (X) | $1,069,484 | $13,538 | $33,478 | ||
| JODI RICHARD | |||||||||
| CHAIRMAN OF THE BOARD (AS OF 01/24) | 1.50 | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| TODD M BARNHART | |||||||||
| VICE CHAIRMAN | 1.50 | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| TIMOTHY S CRANE | |||||||||
| PAST CHAIRMAN | 1.50 | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| SETH WALLER | |||||||||
| TREASURER (AS OF 01/24) | 1.50 | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CHARLES G KIM | |||||||||
| SECRETARY | 1.50 | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| AMANDA NORTON | |||||||||
| DIRECTOR-AT-LARGE (AS OF 01/24) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT M PETERS | |||||||||
| DIRECTOR-AT-LARGE | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| GLORIA C BANKS | |||||||||
| DIRECTOR-AT-LARGE | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN P BARON | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT A BERMAN | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MONICA BOWE | |||||||||
| DIRECTOR-AT-LARGE (AS OF 01/24) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MARK BRUCKER | |||||||||
| DIRECTOR-AT-LARGE (AS OF 01/24) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| GEORGE BUCHANAN | |||||||||
| DIRECTOR-AT-LARGE (AS OF 01/24) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| LARISSA CHAIKOWSKY | |||||||||
| DIRECTOR-AT-LARGE | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| KATRINA M EVANS | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| NIMA GHAMSARI | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| DARLENE GOINS | |||||||||
| DIRECTOR-AT-LARGE | 1.50 | 0.50 | Yes (X) | $0 | $756 | $0 | |||
| SHERRY GRAZIANO | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| GRAEME HEPWORTH | |||||||||
| DIRECTOR-AT-LARGE (AS OF 01/24) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| CRYSTAL HUMPHREYS | |||||||||
| DIRECTOR-AT-LARGE (AS OF 01/24) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JOHN T JORDAN | |||||||||
| DIRECTOR-AT-LARGE | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN A LAMONICA | |||||||||
| DIRECTOR-AT-LARGE | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER J MCCOMISH | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MARK W MIDKIFF | |||||||||
| DIRECTOR-AT-LARGE (AS OF 01/24) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ARIJIT ROY | |||||||||
| DIRECTOR-AT-LARGE (THRU 12/23) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| HUMBERTO SALOMON | |||||||||
| DIRECTOR-AT-LARGE (AS OF 01/24) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MARK R SHEEHAN | |||||||||
| DIRECTOR-AT-LARGE | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| KEVIN SLANE | |||||||||
| DIRECTOR-AT-LARGE (AS OF 01/24) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| CLARK STARNES | |||||||||
| DIRECTOR-AT-LARGE (AS OF 01/24) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| AMEESH P VAKHARIA | |||||||||
| DIRECTOR-AT-LARGE | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| AARTHI MURALI | |||||||||
| DIRECTOR-AT-LARGE (THRU 02/24) | 1.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JULIE FABER | |||||||||
| CHIEF FINANCIAL OFFICER (THRU 9/24) | 39.50 | 0.50 | Yes (X) | $401,665 | $5,084 | $42,608 | |||
| STEVEN S SALOUTOS | |||||||||
| INTERIM CFO (BEG 9/24) | 39.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ED MARCHESELLI | |||||||||
| MANAGING DIRECTOR | 39.50 | 0.50 | $526,683 | $6,668 | $68,591 | Yes (X) | |||
| KARL D DAHLGREN THRU 0424 | |||||||||
| MANAGING DIRECTOR | 40.00 | 0.00 | $542,284 | $0 | $35,040 | Yes (X) | |||
| ISIO NELSON | |||||||||
| MANAGING DIRECTOR | 39.50 | 0.50 | $484,153 | $6,129 | $58,450 | Yes (X) | |||
| ANN R BARCROFT | |||||||||
| CHIEF ADMINISTRATIVE OFFICER | 39.50 | 0.50 | $450,087 | $5,697 | $66,098 | Yes (X) | |||
| HOLLY J HUGHES | |||||||||
| MANAGING DIRECTOR | 39.50 | 0.50 | $381,720 | $4,833 | $55,912 | Yes (X) | |||
| THOMAS E HOSCHEIDT | |||||||||
| MANAGING DIRECTOR, BENCHMARKING | 40.00 | 0.00 | $332,334 | $0 | $65,150 | Yes (X) | |||
| MARK A RIDDLE | |||||||||
| DIRECTOR, RESEARCH INTEL EXPERT | 40.00 | 0.00 | $257,226 | $0 | $58,319 | Yes (X) | |||
| CHRISTOPHER SHATZER | |||||||||
| GROUP DIRECTOR, SALES | 40.00 | 0.00 | $250,529 | $0 | $24,736 | Yes (X) | |||
| DAWN M STUMPF | |||||||||
| SENIOR ACCOUNT MANAGER | 40.00 | 0.00 | $238,772 | $0 | $34,614 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,934,937 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $42,705 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $542,996 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 62 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DATAMENTORS LLC | |||||
| 2319 OAK MYRTLE LN | WESLEY CHAPEL | FL | 33544 | DATA PROCESSING | $1,007,775 |
| ZEQUEL TECHNOLOGIES INC | |||||
| 4300 BISCAYNE BLVD SUITE 203 | MIAMI | FL | 33137 | POLICY MANAGER CONSULTING | $604,170 |
| MIDLAND BUSINESS SYSTEMS INC DBA NVISI | |||||
| 200 SOUTH WACKER DRIVE | CHICAGO | IL | 60606 | LEARNING & DEVEL. CONSULTING | $439,770 |
| INTRICITY LLC | |||||
| 224 FIFTH AVENUE SUITE 2026 | NEW YORK | NY | 10001 | RESEARCH CONSULTING | $282,036 |
| MONIGLE ASSOCIATES INC | |||||
| 150 ADAMS ST | DENVER | CO | 80206 | MERGER CONSULTING | $215,084 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SUBSCRIPTIONS | 611600 | $20,288,185 | $20,288,185 |
| RESEARCH FEES | 900099 | $11,643,224 | $11,643,224 |
| MEMBERSHIP DUES | 541990 | $7,294,440 | $7,294,440 |
| PROGRAMS & CONFERENCES | 611600 | $6,815,605 | $6,815,605 |
| REGISTRATION FEES | 900099 | $4,249,333 | $4,249,333 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $174,486 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $174,486 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $50,465,273 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,036,588 | TotalRevenueColumnAmt |
| Exclusion | $2,036,588 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $61,399,200 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $63,561,387 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$2,162,187 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,162,187 | TotalRevenueColumnAmt |
| Exclusion | -$2,162,187 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| ADVERTISING REVENUE | 541800 | $667,498 | $370,636 | $296,862 | |
| SPONSORSHIP REVENUE | 900004 | $487,545 | $487,545 | ||
| MISC REVENUE | 900009 | $7,277 | $7,277 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,162,320 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,501,994 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $51,323,454 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $296,862 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$118,322 | 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 | $4,243,695 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,048,132 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $869,206 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,356,956 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,841,273 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,795 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,844 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,087,859 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $446,603 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $614,540 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,229,708 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $545,368 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,118,214 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $834,095 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,735,710 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,055 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,251,860 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $328,172 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| TAXES, FEES, & LICENSES | $2,072,959 |
| BAD DEBT EXPENSE | $174,540 |
| DUES AND SUBSCRIPTIONS | $35,778 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,095,362 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $8,329,672 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,119,570 | BOYAmt |
| EOY | $15,870,018 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $429,154 | BOYAmt |
| EOY | $1,439,052 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $283,827 | BOYAmt |
| EOY | $259,952 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,389,578 | BOYAmt |
| EOY | $3,014,346 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $13,408,415 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $9,725,490 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $906,421 | BOYAmt |
| EOY | $3,682,925 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,741,697 | BOYAmt |
| EOY | $46,842,552 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,459,632 | BOYAmt |
| EOY | $14,178,398 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$284,120 | BOYAmt |
| EOY | $9,406,881 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,045,759 | BOYAmt |
| EOY | $103,023,796 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $385,950 | BOYAmt |
| EOY | $12,903,020 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,648,144 | BOYAmt |
| EOY | $20,054,668 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $11,494,485 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,034,094 | BOYAmt |
| EOY | $44,452,173 | 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 | $21,011,665 | BOYAmt |
| EOY | $58,571,623 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,011,665 | BOYAmt |
| EOY | $58,571,623 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,045,759 | BOYAmt |
| EOY | $103,023,796 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$5,593,368 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $6,779,395 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $36,373,931 | 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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | Yes (1) | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | 0 | AgreeCarryoverPriorYearInd |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,818,060 | OtherCostOrOtherBasisAmt |
| Depreciation | $272,334 | DepreciationAmt |
| Book Value | $1,545,726 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,590,355 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,453,156 | DepreciationAmt |
| Book Value | $2,137,199 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,682,925 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ROU ASSET | $9,144,145 |
| OTHER ASSETS | $184,769 |
| ARTWORK | $77,967 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $9,406,881 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| LEASE LIABILITIES | $10,631,228 |
| DUE TO RMA FOUNDATION | $863,257 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $11,494,485 | 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 PROSIGHT FINANCIAL ASSOCIATION HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) 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 CENTER 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 F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | SOUTH ASIA | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConductedTxt |
| Specific Services Provided | SPONSORSHIP REVENUE | SpecificServicesProvidedTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $0 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $0 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
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 |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 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 | $449,076 | $5,685 | $606,094 | $7,672 | $14,314 | $181 | $32,588 | $413 | $237 | $240 | $1,102,309 | $14,191 | $0 | $0 |
| ED MARCHESELLI | ||||||||||||||
| MANAGING DIRECTOR | $309,258 | $3,915 | $213,186 | $2,699 | $4,239 | $54 | $32,588 | $413 | $35,145 | $445 | $594,416 | $7,526 | $0 | $0 |
| KARL D DAHLGREN THRU 0424 | ||||||||||||||
| MANAGING DIRECTOR | $356,510 | $0 | $182,562 | $0 | $3,212 | $0 | $33,000 | $0 | $2,040 | $0 | $577,324 | $0 | $0 | $0 |
| ISIO NELSON | ||||||||||||||
| MANAGING DIRECTOR | $344,367 | $4,359 | $137,041 | $1,735 | $2,745 | $35 | $27,896 | $353 | $29,823 | $378 | $541,872 | $6,860 | $0 | $0 |
| ANN R BARCROFT | ||||||||||||||
| CHIEF ADMINISTRATIVE OFFICER | $252,730 | $3,199 | $194,185 | $2,458 | $3,172 | $40 | $32,588 | $413 | $32,683 | $414 | $515,358 | $6,524 | $0 | $0 |
| JULIE FABER | ||||||||||||||
| CHIEF FINANCIAL OFFICER (THRU 9/24) | $267,090 | $3,381 | $131,403 | $1,663 | $3,172 | $40 | $32,588 | $413 | $9,487 | $120 | $443,740 | $5,617 | $0 | $0 |
| HOLLY J HUGHES | ||||||||||||||
| MANAGING DIRECTOR | $266,088 | $3,369 | $100,147 | $1,268 | $15,485 | $196 | $32,588 | $413 | $22,625 | $286 | $436,933 | $5,532 | $11,250 | $142 |
| THOMAS E HOSCHEIDT | ||||||||||||||
| MANAGING DIRECTOR, BENCHMARKING | $246,357 | $0 | $77,600 | $0 | $8,377 | $0 | $33,000 | $0 | $32,150 | $0 | $397,484 | $0 | $0 | $0 |
| MARK A RIDDLE | ||||||||||||||
| DIRECTOR, RESEARCH INTEL EXPERT | $218,969 | $0 | $34,036 | $0 | $4,221 | $0 | $25,969 | $0 | $32,350 | $0 | $315,545 | $0 | $0 | $0 |
| CHRISTOPHER SHATZER | ||||||||||||||
| GROUP DIRECTOR, SALES | $105,000 | $0 | $142,357 | $0 | $3,172 | $0 | $24,736 | $0 | $0 | $0 | $275,265 | $0 | $0 | $0 |
| DAWN M STUMPF | ||||||||||||||
| SENIOR ACCOUNT MANAGER | $60,596 | $0 | $172,642 | $0 | $5,534 | $0 | $23,507 | $0 | $11,107 | $0 | $273,386 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 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 BOARD OF DIRECTOR MEMBERS -- FIRST-CLASS TRAVEL OR COMPANION TRAVEL -- WILL SEVEN BOARD MEMBERS LISTED IN PART VII RECEIVED FIRST CLASS TRAVEL BENEFITS AIR TRAVEL FOR BUSINESS TRAVEL ON FLIGHTS OF 2 HOURS OR MORE IN DURATION. REIMBURSE FIRST CLASS AIRFARE TO AND FROM BOARD MEETINGS FOR EACH MEMBER. FOR CALENDAR YEAR ENDING 12/31/23. PART I, LINE 1A: TRAVEL FOR COMPANIONS PROSIGHT 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. PROSIGHT ISSUES A 1099 TO EACH BOARD MEMBER WHERE PROSIGHT 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 PROSIGHT PAYS FOR THE CHIEF EXECUTIVE OFFICER'S MEMBERSHIP AT A BUSINESS SOCIAL CLUB, WITH THE PRIMARY PURPOSE BEING BUSINESS MEETINGS. |
| PART I, LINES 4B: | SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: BANK ADMINISTRATION INSTITUTE HAS A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. KARL DAHLGREN AND HOLLY HUGHES PARTICIPATE 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. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 2 | ON JANUARY 1, 2024, BAI AND BAI CENTER (COLLECTIVELY, THE INSTITUTE) EXECUTED A BUSINESS COMBINATION TRANSACTION WITH THE RISK MANAGEMENT ASSOCIATION (RMA) AND ITS SUBSIDIARIES, THE RISK MANAGEMENT FOUNDATION (THE FOUNDATION) AND RMA MODEL VALIDATION CONSORTIUM LLC (MVC). |
| FORM 990, PART V, LINE 2A: | PROSIGHT FINANCIAL ASSOCIATION REIMBURSES BANK ADMINISTRATION INSTITUTE, A RELATED PARTY, FULLY FOR ALL EMPLOYEE TIME ALLOCATED TO PROSIGHT FINANCIAL ASSOCIATION. |
| FORM 990, PART V, LINE 2A: | BANK ADMINISTRATION INSTITUTE (BAI) IS THE COMMON PAYMASTER FOR PROSIGHT FINANCIAL ASSOCIATION (PROSIGHT). FORM W-3 IS FILED UNDER BAI'S EMPLOYEE IDENTIFICATION NUMBER, THEREFORE PROSIGHT DOES NOT FILE A W-3. THE TOTAL NUMBER OF PROSIGHT EMPLOYEES IS 134, WHICH IS LISTED ON LINE 2. |
| FORM 990, PART VI, SECTION A, LINE 1A | DELEGATION OF AUTHORITY THE BY-LAWS OF BAI CENTER PROVIDE THAT 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 AND 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 CENTER BUSINESS EXCEPT WHERE OTHERWISE PROVIDED HEREIN. THE EXECUTIVE COMMITTEE WILL APPROVE THE BOARD OF DIRECTORS OF PROSIGHT'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 5. |
| 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 PROSIGHT FINANCIAL ASSOCIATION'S CONTROLLER, CHIEF FINANCIAL OFFICER, CHIEF ADMINISTRATIVE OFFICER AND EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT PROSIGHT FINANCIAL ASSOCIATION'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 COMMITTEE 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 COMMITTEE, 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/PROSIGHT 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 PROSIGHT FINANCIAL ASSOCIATION MAKES THESE DOCUMENTS AVAILABLE TO THE EXTENT REQUIRED BY LAW. |
| FORM 990, PART IX, LINE 11G | CONSULTING SERVICES 5,680,099. DIRECT SERVICES 1,484,567. MARKETING SERVICES 386,282. TEMPS 210,574. RECRUITING/RELOCATION 144,462. ADMIN & SUPPORT 106,252. FREELANCE WRITERS SERVICES 45,150. PERSONNEL SERVICES 30,473. |
| FORM 990, PART XI, LINE 9: | INHERENT CONTRIBUTION 23,750,702. INTERCOMPANY TRANSACTION 12,605,911. PENSION ADJUSTMENT 17,318. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RMA MODEL VALIDATION CONSORTIUM LLC | BusinessNameLine1Txt |
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) |
|---|---|---|
| EIN | 850517013 | EIN |
| Primary Activities | EDUCATION | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Total Income | $1,101,285 | TotalIncomeAmt |
| End Of Year Assets | $216,789 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROSIGHT FINANCIAL ASSOCIATION | BusinessNameLine1Txt |
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 | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| BANK ADMINISTRATION INSTITUTE | ||||||||||
| 222 W ADAMS STREET STE 2300 | CHICAGO | IL | 60606 | 363330171 | EDUCATION | IL | 501(C)(3) | LINE 12B, II | PROSIGHT FINANCIAL ASSOCIATION | Yes (1) |
| RISK MANAGEMENT ASSOCIATION FOUNDATION | ||||||||||
| 222 W ADAMS STREET STE 2300 | CHICAGO | IL | 60606 | 473078149 | EDUCATION | PA | 501(C)(3) | PROSIGHT FINANCIAL ASSOCIATION | Yes (1) | |
| 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 | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | S | TransactionTypeTxt |
| Involved | $14,192,505 | InvolvedAmt |
| Method Of Amount Determination | FMV | MethodOfAmountDeterminationTxt |
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