2019-11-15T10:23:40-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2018-01-01 521295453 AMERICAN BANKRUPTCY INSTITUTE AMER 7037390800 66 CANAL CENTER PLAZA NO 600 ALEXANDRIA VA 223141546 KATHY SHEEHAN CHIEF FINANCIAL OFFICER 7037390800 2019-11-15 1 DREW SMITH P00635175 5712279500 2019-11-15 67.137.57.251 2019-11-15 10:59:12 ES P 117C9FDD72C608EEAC637569487DFDD6D3A36660 2133D0EBAFB53FCF2392F5AD4E899C8767C52AD0 2018 2020-03-31 21:24:44Z SAMUEL J GERDANO 66 CANAL CENTER PLAZA NO 600 ALEXANDRIA VA 223141546 34787204 0 X WWW.ABIWORLD.ORG X 1982 VA NON-PARTISAN RESEARCH AND EDUCATION ON MATTERS RELATED TO INSOLVENCY. 60 60 49 1500 375499 25389 277268 349282 7999648 7989529 338500 191283 54863 109337 8670279 8639431 218674 264808 0 0 4585495 4343832 0 0 152103 4660539 4707058 9464708 9315698 -794429 -676267 19085388 18310363 4196356 4185133 14889032 14125230 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, 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 4191600 4657922 CONTINUING LEGAL EDUCATION AND OTHER EDUCATIONAL OFFERINGS FOR MEMBERS AND NONMEMBERS ON INSOLVENCY ISSUES AND BANKRUPTCY LAW INCLUDING:SEMINARS, WEB CONFERENCES, AND COMMITTEE MEETINGS. 2967529 264808 1023460 PUBLICATION OF PROFESSIONAL JOURNALS, LAW REVIEWS, LEGISLATIVE UPDATES, PUBLICATIONS FOR BOTH PRACTITIONERS AND THE GENERAL PUBLIC, COMMITTEE E-NEWLETTERS, WEEKLY E-UPDATES AND OTHER PUBLICATIONS. ALSO, INCLUDES THE DEVELOPMENT AND MAINTENANCE OF SEVERAL WEBSITES RELATING TO BANKRUPTCY LAW. 961276 2592733 MEMBERSHIP SERVICES:PROVIDE SUPPORT SERVICES, CONTINUING EDUCATION, DISCOUNTS ON CONFERENCES AND MEETINGS AND ACCESS TO A HOST OF OTHER SERVICES IN THE FIELD OF BANKRUPTCY. 8120405 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 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 25 0 49 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 60 60 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X KATHY SHEEHAN 7037390800 66 CANAL CENTER PLAZA SUITE 600 ALEXANDRIA VA 223141546 JEFFREY N POMERANTZ CHAIRMAN 5.00 X X 0 0 0 EDWARD T GAVIN CTP PRESIDENT 5.00 X X 0 0 0 ALANE A BECKET PRESIDENT ELECT 5.00 X X 0 0 0 HON EUGENE R WEDOFF RET IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 HON DENNIS R DOW SECRETARY 5.00 X X 0 0 0 MICHAEL L BERNSTEIN TREASURER 5.00 X X 0 0 0 ANNEROSE TASHIRO VP INTERNATIONAL 5.00 X X 0 0 0 DOUGLAS E DEUTSCH VP EDUCATION 5.00 X X 0 0 0 HON BARBARA J HOUSER VP RESEARCH/GRANTS 5.00 X X 0 0 0 KEVIN J CAREY VP MEMBERSHIP 5.00 X X 0 0 0 ROBERT P REYNOLDS VP DEVELOPMENT 5.00 X X 0 0 0 RONALD J SILVERMAN VP MEMBERSHIP 5.00 X X 0 0 0 LISA SOMMERS GRETCHKO VP PUBLICATIONS 1.00 X X 0 0 0 THOMAS MICHAEL HORAN VP COMM & INFO TECH 1.00 X X 0 0 0 BRADLEY D SHARP DIRECTOR 1.00 X 0 0 0 CHRISTOPHER A WARD DIRECTOR 1.00 X 0 0 0 DAMIAN S SCHAIBLE DIRECTOR 1.00 X 0 0 0 DANIEL F DOOLEY DIRECTOR 1.00 X 0 0 0 DAVID P LEIBOWITZ DIRECTOR 1.00 X 0 0 0 DAVID R KUNEY DIRECTOR 1.00 X 0 0 0 DEBORAH L THORNE DIRECTOR 1.00 X 0 0 0 DEIRDRE A MCGUINNESS DIRECTOR 1.00 X 0 0 0 DEREK C ABBOTT DIRECTOR 1.00 X 0 0 0 DOUGLAS L LUTZ DIRECTOR 1.00 X 0 0 0 DOUGLAS M FOLEY DIRECTOR 1.00 X 0 0 0 ERIC W ANDERSON DIRECTOR 1.00 X 0 0 0 EVE H KARASIK DIRECTOR 1.00 X 0 0 0 FRANKLIND DAVIS LEA CIRA DIRECTOR 1.00 X 0 0 0 HANNAH L BLUMENSTIEL DIRECTOR 1.00 X 0 0 0 HON BRUCE A HARWOOD DIRECTOR 1.00 X 0 0 0 HON DANIEL P COLLINS DIRECTOR 1.00 X 0 0 0 HON LAUREL MYERSON ISICOFF DIRECTOR 1.00 X 0 0 0 HON MARTIN R BARASH DIRECTOR 1.00 X 0 0 0 HON MARY GRACE DIEHL DIRECTOR 1.00 X 0 0 0 HON MICHAEL A FAGONE DIRECTOR 1.00 X 0 0 0 HON MICHELLE M HARNER DIRECTOR 1.00 X 0 0 0 HON ROBERT D DRAIN DIRECTOR 1.00 X 0 0 0 JAMES A PEKO DIRECTOR 1.00 X 0 0 0 JASON S BROOKNER DIRECTOR 1.00 X 0 0 0 JAY M GOFFMAN DIRECTOR 1.00 X 0 0 0 JEFFREY M REISNER DIRECTOR 1.00 X 0 0 0 JERRY M MARKOWITZ DIRECTOR 1.00 X 0 0 0 JESSICA CK BOELTER DIRECTOR 1.00 X 0 0 0 KATHRYN A COLEMAN DIRECTOR 1.00 X 0 0 0 KATHY BAZOIAN PHELPS DIRECTOR 1.00 X 0 0 0 KELLY BEAUDIN CONLAN DIRECTOR 1.00 X 0 0 0 LISA G BECKERMAN DIRECTOR 1.00 X 0 0 0 LISA J DONAHUE DIRECTOR 1.00 X 0 0 0 MARK M MALONEY DIRECTOR 1.00 X 0 0 0 NINA M PARKER DIRECTOR 1.00 X 0 0 0 PAUL H DEUTCH DIRECTOR 1.00 X 0 0 0 PROF LOIS R LUPICA DIRECTOR 1.00 X 0 0 0 R SCOTT WILLIAMS DIRECTOR 1.00 X 0 0 0 RICHARD S LAUTER DIRECTOR 1.00 X 0 0 0 RISA LYNN WOLF-SMITH DIRECTOR 1.00 X 0 0 0 SONEET R KAPILA DIRECTOR 1.00 X 0 0 0 STEPHEN D LERNER DIRECTOR 1.00 X 0 0 0 STEVEN M BERMAN DIRECTOR 1.00 X 0 0 0 TERESA C KOHL DIRECTOR 1.00 X 0 0 0 TINAMARIE FEIL DIRECTOR 1.00 X 0 0 0 WILLIAM H HENRICH DIRECTOR 1.00 X 0 0 0 AMY QUACKENBOSS DEPUTY EXECUTIVE DIRECTOR 40.00 X 237770 0 20248 SAM GERDANO EXECUTIVE DIRECTOR 40.00 X 490455 0 147036 KATHY SHEEHAN CHIEF FINANCIAL OFFICER 40.00 X 232750 0 22238 MARY KLEPPINGER DIRECTOR OF ADMINISTRATION 40.00 X 173040 0 8938 KARIM GUIRGUIS CHIEF INFORMATION OFFICER 40.00 X 199116 0 18427 CHRIS THACKSTON DIRECTOR OF MEMBERSHIP 40.00 X 135162 0 10145 JOHN HARTGEN PUBLIC AFFAIRS MANAGER 40.00 X 131035 0 13953 SIRISH AYYAGARI DRUPAL ARCHITECT 40.00 X 125558 0 8090 SATISH KODALI SOFTWARE ENGINEER 40.00 X 124106 0 13769 JENNIFER GUIRGUIS CONFERENCE DIRECTOR 40.00 X 123365 0 15161 1972357 0 278005 13 0 1 0 VISION CREATIVE LLC 5598 GENERAL WASHINGTON DR ALEXANDRIA VA 22312 AUDIO/VIDEO PRODUCTION 325760 WEBMETTLE LLC PO BOX 1707 ALEXANDRIA VA 22314 WEB HOSTING SERVICES 152408 2 134303 214979 13170 349282 CONFERENCES AND MEETINGS 541900 4657922 4657922 MEMBERSHIP DUES 541900 2592733 2592733 PUBLICATIONS 541800 738874 363375 375499 7989529 353815 353815 120607 120607 61430 166091 -104661 -104661 -104661 25758241 25920773 -162532 -162532 -162532 58343 134303 60909 -2566 -2566 ADMINISTRATION FEES 561000 95957 95957 95957 8639431 7614030 375499 300620 219913 219913 44895 44895 1550016 1189572 327284 33160 2294169 1760680 484410 49079 97602 74906 20608 2088 162238 124511 34256 3471 239807 184042 50635 5130 2500 2500 28629 28629 18883 13595 5288 67071 67071 66297 50167 16130 451261 380292 67994 2975 410748 180541 230107 100 637323 637323 242242 224620 17622 171360 128884 42476 2419556 2399842 19714 2172 2172 39474 7942 31532 20157 20157 CREDIT CARD FEES 129762 735 129027 CHARITABLE REGISTRATION 10705 10705 TAXES 4680 4680 OVERHEAD ALLOCATION -34619 1134463 -1200659 31577 18857 14400 -4073 8530 9315698 8120405 1043190 152103 205726 247190 6326068 9706490 120418 107580 271161 380924 399997 473313 623103 578962 68010 44141 11430129 7130859 263879 219866 19085388 18310363 898303 662079 2397529 2292494 900524 1230560 4196356 4185133 X 14637851 13919755 251181 205475 14889032 14125230 19085388 18310363 -676267 -87535 0 X 0 1 X 1 0 X 451108 7920784 345662 277268 349282 9344104 8783733 8224150 7602935 7666117 7614030 39890965 9234841 16144934 7948597 7943385 7963312 49235069 10000 7500 36430 18000 6660 78590 86495 97347 79049 262891 96495 7500 133777 18000 85709 341481 48893588 236396 376716 456589 455257 535852 2060810 89523 89523 325919 376716 456589 455257 535852 2150333 4705 8940 98155 95975 95957 303732 9565465 16530590 8503341 8494617 8595121 51689134 0.94590 0.95450 0.04160 0.03650 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: ADMINISTRATION FEES - 2014 AMOUNT: $ 4,705. 2015 AMOUNT: $ 8,940. 2016 AMOUNT: $ 98,155. 2017 AMOUNT: $ 95,975. 2018 AMOUNT: $ 95,957. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8826429 483414 88161 308184 9089820 8643361 384183 104722 305837 8826429 8293528 340695 103765 94627 8643361 1.00000 0.00000 0.00000 0 0 256563 231935 24628 126032 118201 7831 240508 228826 11682 44141 DEFERRED COMPENSATION 149443 DEFERRED RENT 1064315 CAPITAL LEASE 16802 1230560 X 9016521 6442 6442 9010079 18884 -389532 -370648 8639431 9530260 6442 227004 233446 9296814 18884 18884 9315698 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 X, LINE 2: THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -60,909. RENTAL EXPENSES -166,091. LOSS ON SALE OF ASSETS -162,532. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 60,909. RENTAL EXPENSES 166,091. ROUNDING 4. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATIONAL SEMINAR 54089 0 0 0 0 0 0 54089 0 54089 0 0 0 0 0 0 NY CHARITY WINE 94775 69653 25122 14367 5231 DALLAS 32330 28280 4050 8920 2949 4 64947 36370 28577 25686 2935 192052 134303 57749 48973 11115 60088 -2339 1 CONNECTICUT LEGAL SERVICES 62 WASHINGTON ST 4TH FLOOR MIDDLETOWN CT 06457 060955461 501(C)(3) 132000 0 N/A N/A INTERVENTIONS STUDY (LUPICA) SECOND UNION CHURCH 2109 MILETO STREET GUAYNABO RQ 660330845 501(C)(3) 16685 0 N/A N/A PUERTO RICO RELIEF FUND MARIANO RIVIERA FOUNDATION 321 CHATTAHOOCHEE DR BEAR DE 19701 134076067 38348 0 N/A N/A NYPR FUNDRAISER 3 0 MOOT COURT COMPETITION 14 13000 0 N/A N/A CORP RESTRUCTURING COMPETITION 12 12000 0 NA N/A NORTON JUDICAL EXCELLENCE AWARD 14 7560 0 N/A N/A LAW REVIEW SCHOLARSHIP 2 6000 0 N/A N/A WRITING COMPETITION 3 4000 0 N/A N/A JUDICIAL EXCELLENCE PROGRAM 5 2335 0 N/A N/A PART I, LINE 2: GRANTEES SUBMIT QUARTERLY REPORTS WHICH THE CFO AND RESEARCH COMMITTEE REVIEW. THESE REPORTS ARE ALSO SHARED WITH THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS. X X X X X X 0 1 0 0 0 0 0 1 0 AMY QUACKENBOSS DEPUTY EXECUTIVE DIRECTOR 237770 0 0 0 0 0 11996 0 8252 0 258018 0 0 0 SAM GERDANO EXECUTIVE DIRECTOR 430455 0 60000 0 0 0 33916 0 113120 0 637491 0 0 0 KATHY SHEEHAN CHIEF FINANCIAL OFFICER 232750 0 0 0 0 0 12870 0 9368 0 254988 0 0 0 MARY KLEPPINGER DIRECTOR OF ADMINISTRATION 173040 0 0 0 0 0 6856 0 2082 0 181978 0 0 0 KARIM GUIRGUIS CHIEF INFORMATION OFFICER 183616 0 15500 0 0 0 10175 0 8252 0 217543 0 0 0 PART I, LINE 1A VARIOUS EMPLOYEE RECEIVED $20 PER MONTH SUBSIDY FOR HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES. THE AMOUNT WAS INCLUDED IN TAXABLE COMPENSATION. TOTAL CALENDAR YEAR AMOUNT IS $1,400. PART I, LINE 4B SAMUEL J. GERDANO RECEIVED: THE 457(F) PLAN - $22,963 PART I, LINE 7 SOME KEY EMPLOYEES RECEIVED BONUS PAYMENTS AS PART OF THEIR COMPENSATION. THE AMOUNTS WERE PERFORMANCE BASED. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL HAVE 17 MEMBERS, CONSISTING OF 13 OFFICERS AND 4 AT-LARGE MEMBERS. THE PRESIDENT IS THE PRESIDING OFFICER OF THE COMMITTEE. THE COMMITTEE SHALL BE RESPONSIBLE FOR THE DEVELOPMENT AND IMPLEMENTATION OF POLICY, SUSPENSION OR REMOVAL OR REPLACEMENT OF ANY OFFICER OR MEMBER OF THE EXECUTIVE COMMITTEE, EMPLOYMENT OR TERMINATION OF THE EXECUTIVE DIRECTOR, PROPOSAL OF AN ANNUAL BUDGET FOR PRESENTATION TO THE BOARD, AND EXCEPT FOR FUNDAMENTAL CHANGES TO THE INSTITUTE, SHALL EXERCISE ALL OF THE POWERS OF THE BOARD BETWEEN SCHEDULED BOARD MEETINGS, ANY SUCH EXERCISE TO BE TREATED AS FORMAL AND FINAL ACTION BY THE BOARD WITHOUT THE NECESSITY FOR LATER RATIFICATION OR CONSENT. FORM 990, PART VI, SECTION A, LINE 2 MEMBERS OF THE BOARD MAY HAVE BUSINESS RELATIONSHIPS WITH OTHER MEMBERS AS THEY PRACTICE IN THE SAME BUSINESS AREA. NO MEMBERS OF THE BOARD HAVE BUSINESS DEALINGS THAT PRESENT A CONFLICT OF INTEREST WITH ABI. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE GROUPED AS REGULAR, GOVERNMENT/PROFESSOR/NON-PROFIT AND STUDENT. MEMBERS DUES VARY BASED UPON THESE CLASSES BUT EACH HAS THE SAME BENEFITS AND STATUS. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM (CLIFTONLARSONALLEN). FIRST, IT IS REVIEWED BY THE CFO AND THE ACCOUNTING MANAGER. AFTER A FINAL DRAFT HAS BEEN PRODUCED, THE DOCUMENT IS REVIEWED BY THE FINANCE COMMITTEE; THE FINANCE COMMITTEE HAS THE OPPORTUNITY TO DISCUSS EITHER BY EMAIL OR BY PHONE. WHEN THE FINANCE COMMITTEE IS SATISFIED WTIH THE DRAFT, IT WILL RECOMMEND TO THE BOARD TO ACCEPT THE DRAFT AS FINAL. THE FULL BOARD OF DIRECTORS IS GIVEN THE OPPORTUNITY TO ASK QUESTIONS OR SUGGEST CHANGES BEFORE THE FINAL DRAFT IS SENT TO THE IRS. THE CFO PROVIDES BOTH GROUPS WITH A DOCUMENT THAT HELPS 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. THIS PROCESS LAST TOOK PLACE IN 2016. OTHER STAFF MEMBERS' SALARIES ARE DETERMINED BY THE EXECUTIVE DIRECTOR BASED UPON PERFORMANCE AND SUBJECT TO BUDGETARY RESTRICTIONS. THE EXECUTIVE DIRECTOR ALSO USES INDUSTRY AVERAGES, COMPENSATION SURVEYS AND STUDIES. THIS PROCESS LAST TOOK PLACE IN 2016. 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.