2018-10-25T17:20:52-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2017-01-01 521295453 AMERICAN BANKRUPTCY INSTITUTE AMER 7037390800 66 CANAL CENTER PLAZA NO 600 ALEXANDRIA VA 223141546 KATHY SHEEHAN CHIEF FINANCIAL OFFICER 7037390800 2018-09-27 1 HEMALI PATEL P01337292 5712279500 67.137.57.251 2018-09-27 14:07:17 ED P 1938324BD4D887D076751857843371B82258E98C 1938324BD4D887D076751857843371B82258E98C 2017 2018-06-14 16:35:46Z SAMUEL J GERDANO 66 CANAL CENTER PLAZA NO 600 ALEXANDRIA VA 223141546 28569534 0 X WWW.ABIWORLD.ORG X 1982 VA NON-PARTISAN RESEARCH AND EDUCATION ON MATTERS RELATED TO INSOLVENCY. 60 60 47 1500 396130 -2100 345662 277268 8044468 7999648 301890 338500 154128 54863 8846148 8670279 76461 218674 0 0 4720125 4585495 0 0 124153 4675308 4660539 9471894 9464708 -625746 -794429 19696963 19085388 4303418 4196356 15393545 14889032 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 4192623 4723031 CONTINUING LEGAL EDUCATION AND OTHER EDUCATIONAL OFFERINGS FOR MEMBERS AND NONMEMBERS ON INSOLVENCY ISSUES AND BANKRUPTCY LAW INCLUDING:SEMINARS, WEB CONFERENCES, AND COMMITTEE MEETINGS. 2485790 218674 765959 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. 1754792 2510658 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. 8433205 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 34 0 47 1 1 1 0 0 0 0 1 1 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 ALANE A BECKET VP PUBLICATIONS 5.00 X X 0 0 0 ANNEROSE TASHIRO VP INTERNATIONAL 5.00 X X 0 0 0 BRIAN L SHAW FORMER CHAIRMAN 5.00 X X 0 0 0 DAMIAN S SCHAIBLE EXEC COMM AT LARGE 5.00 X X 0 0 0 DEBORAH L THORNE VP COMM & IT 5.00 X X 0 0 0 DOUGLAS E DEUTSCH VP EDUCATION 5.00 X X 0 0 0 DOUGLAS L LUTZ EXEC COMM AT LARGE 5.00 X X 0 0 0 EDWARD T GAVIN CTP PRESIDENT ELECT 5.00 X X 0 0 0 HON BARBARA J HOUSER VP RESEARCH 5.00 X X 0 0 0 HON DENNIS R DOW SECRETARY 5.00 X X 0 0 0 HON EUGENE R WEDOFF RET PRESIDENT 5.00 X X 0 0 0 HON MICHAEL A FAGONE EXEC COMM AT LARGE 5.00 X X 0 0 0 JAMES PATRICK SHEA CHAIRMAN 5.00 X X 0 0 0 JEFFREY N POMERANTZ IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 KEVIN J CAREY VP MEMBERSHIP 5.00 X X 0 0 0 MICHAEL L BERNSTEIN TREASURER 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 BRADLEY D SHARP DIRECTOR 1.00 X 0 0 0 CHRISTOPHER A WARD 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 DEIRDRE A MCGUINNESS DIRECTOR 1.00 X 0 0 0 DEREK C ABBOTT 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 GENEVIEVE SHULER 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 MICHELLE M HARNER DIRECTOR 1.00 X 0 0 0 HON PAMELA PEPPER 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 JERRY M MARKOWITZ DIRECTOR 1.00 X 0 0 0 JESSICA CK BOELTER DIRECTOR 1.00 X 0 0 0 JOHN TITTLE JR CPA CIRA 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 LISA SOMMERS GRETCHKO DIRECTOR 1.00 X 0 0 0 MARK M MALONEY DIRECTOR 1.00 X 0 0 0 MITCHELL RYAN DIRECTOR 1.00 X 0 0 0 NANCY B RAPOPORT DIRECTOR 1.00 X 0 0 0 NINA M PARKER DIRECTOR 1.00 X 0 0 0 PATRICIA A REDMOND 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 TERESA C KOHL DIRECTOR 1.00 X 0 0 0 THOMAS MICHAEL HORAN 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 SAM GERDANO EXECUTIVE DIRECTOR 40.00 X 497926 0 141697 KATHY SHEEHAN CHIEF FINANCIAL OFFICER 40.00 X 231333 0 22377 AMY QUACKENBOSS DEPUTY EXECUTIVE DIRECTOR 40.00 X 217095 0 20372 MARY KLEPPINGER DIRECTOR OF ADMINISTRATION 40.00 X 173040 0 8823 KARIM GUIRGUIS CHIEF STRATEGY & INNOVATION OFFICER 40.00 X 187325 0 17830 CHRIS THACKSTON DIRECTOR OF MEMBERSHIP 40.00 X 135162 0 10199 JENNIFER GUIRGUIS MEETING PLANNER 40.00 X 123110 0 15372 JOHN HARTGEN PUBLIC AFFAIRS MANAGER 40.00 X 122978 0 14029 SIRISH AYYAGARI DRUPAL ARCHITECT 40.00 X 122161 0 13071 SATISH KODALI SOFTWARE ENGINEER 40.00 X 115615 0 13604 1925745 0 277374 13 0 1 0 VISION CREATIVE 5598 GENERAL WASHINGTON DR ALEXANDRIA VA 22312 AUDIO/VIDEO PRODUCTION 366654 WEBMETTLE LLC PO BOX 1707 ALEXANDRIA VA 22314 WEB HOSTING SERVICES 146720 2 43475 233793 277268 CONFERENCES AND MEETINGS 541900 4723031 4722841 190 MEMBERSHIP DUES 541900 2510658 2510658 PUBLICATIONS 541800 765959 369829 396130 7999648 338160 338160 97117 97117 19980 165209 -145229 -145229 -145229 19678787 19678447 340 340 340 62599 43475 55599 7000 7000 ADMINISTRATION FEES 561000 95975 95975 95975 8670279 7603328 396130 393553 157860 157860 60814 60814 1517818 1159589 333411 24818 2568487 1962284 564205 41998 32816 25072 7208 536 213334 162984 46862 3488 253040 193319 55584 4137 9789 9789 27870 27870 143157 125507 17650 485483 371579 113240 664 395881 216971 178810 100 330704 330704 124052 71038 53014 157993 110831 47162 2522305 2522305 1694 1694 89574 18835 70739 20292 20292 CREDIT CARD FEES 142596 741 141855 GRANT ADMIN AND INTERNA 49096 37293 11803 CHARITABLE REGISTRATION 9564 9564 OVERHEAD ALLOCATION 0 1136871 -1161807 24936 150489 99312 49068 2109 9464708 8433205 907350 124153 204143 205726 6809585 6326068 178316 120418 258103 271161 416320 399997 693475 625465 132374 68010 11472635 11430129 225487 263879 19696963 19085388 1017285 898303 2286445 2397529 999688 900524 4303418 4196356 X 15086165 14637851 307380 251181 15393545 14889032 19696963 19085388 -794429 289916 0 X 0 1 X 1 0 X 485906 451108 7920784 345662 277268 9480728 8817357 8783733 8224150 7602935 7666117 41094292 9303263 9234841 16144934 7948597 7943385 50575020 5000 10000 7500 36430 18000 76930 86495 97347 183842 5000 96495 7500 133777 18000 260772 50314248 217134 236396 376716 456589 455257 1742092 93257 89523 182780 310391 325919 376716 456589 455257 1924872 6182 4705 8940 98155 95975 213957 9619836 9565465 16530590 8503341 8494617 52713849 0.95450 0.95900 0.03650 0.03530 X 8643361 384183 104722 305837 8826429 8293528 340695 103765 94627 8643361 1.00000 0 0 241853 215451 26402 132335 106536 25799 319287 303478 15809 68010 DEFERRED COMPENSATION 146508 DEFERRED RENT 726360 CAPITAL LEASE 27656 900524 X 9188997 289916 7994 297910 8891087 -220808 -220808 8670279 9693510 7994 220808 228802 9464708 0 9464708 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 -55,599. RENTAL EXPENSES -165,209. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 55,599. RENTAL EXPENSES 165,209. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATIONAL SEMINAR 49064 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EDUCATIONAL SEMINAR 51414 0 0 0 0 0 0 100478 0 100478 0 0 0 0 0 0 RIVER ROAST EDOWMENT WINE DINNER 42733 21600 21133 21904 1314 NY CHARITY WINE 36820 15000 21820 18626 2083 3 26521 6875 19646 6891 3478 1303 106074 43475 62599 47421 3478 4700 55599 7000 1 ST JOHN'S UNIVERSITY SCHOOL OF LAW 8000 UTOPIA BLVD JAMAICA NY 11439 111630830 501(C)(3) 10000 MOOT COURT COMPETITION STIPEND ST JOHN'S UNIVERSITY SCHOOL OF LAW 8000 UTOPIA BLVD JAMAICA NY 11439 111630830 501(C)(3) 15000 LAW REVIEW SCHOLARSHIP CONNECTICUT LEGAL SERVICES 62 WASHINGTON ST 4TH FLOOR MIDDLETOWN CT 06457 060955461 501(C)(3) 131900 INTERVENTIONS STUDY (LUPICA) 3 MOOT COURT COMPETITION 12 13000 CORP RESTRUCTURING COMPETITION 12 12000 NORTON JUDICAL EXCELLENCE AWARD 16 7500 WEST GRANT 5 5984 ACA STUDY 4 12329 LAW REVIEW SCHOLARSHIP 2 6000 WRITING COMPETITION 3 4000 PART I, LINE 2: REGULAR REPORTS ARE MADE TO THE VP OF RESEARCH. PROGRESS ON GRANTS ARE REPORTED AND MONITORED BY THE RESEARCH GRANT COMMITTEE AND THE BOARD OF DIRECTORS. REIMBURSMENT REQUESTS ARE APPROVED BY THE EXCECUTIVE DIRECTOR AND CFO. X X X X X 0 1 0 0 0 0 0 1 0 SAM GERDANO EXECUTIVE DIRECTOR 423972 0 60000 0 13954 0 104737 0 36960 0 639623 0 0 0 KATHY SHEEHAN CHIEF FINANCIAL OFFICER 231333 0 0 0 0 0 12796 0 9581 0 253710 0 0 0 AMY QUACKENBOSS DEPUTY EXECUTIVE DIRECTOR 216855 0 0 0 240 0 11910 0 8462 0 237467 0 0 0 MARY KLEPPINGER DIRECTOR OF ADMINISTRATION 173040 0 0 0 0 0 6741 0 2082 0 181863 0 0 0 KARIM GUIRGUIS CHIEF STRATEGY & INNOVATION OFFICER 137085 0 50000 0 240 0 10260 0 7570 0 205155 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 $2,320. PART I, LINE 4B SAMUEL J. GERDANO RECEIVED: THE 457(F) PLAN - $18,000 THE 457(B) PLAN - $10,001 LIFE INSURANCE POLICY - $66,169 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 ARE 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.