2014-08-13T11:57:31-05:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2013-01-01 521295453 AMERICAN BANKRUPTCY INSTITUTE AMER 7037390800 66 CANAL CENTER PLAZA SUITE 600 ALEXANDRIA VA 223141546 KATHY SHEEHAN CFO 7037390800 2014-08-12 1 KAREN GRIES P00078514 5712279500 2013 2015-11-30 17:44:51Z SAM GERDANO 66 CANAL CENTER PLAZA SUITE 600 ALEXANDRIA VA 223141546 18684890 0 X WWW.ABIWORLD.ORG X 1982 VA NON-PARTISAN RESEARCH AND EDUCATION ON MATTERS RELATED TO INSOLVENCY. 60 60 40 1500 783146 125421 287828 485906 9583650 9600503 192388 115478 127471 66919 10191337 10268806 178294 293273 0 0 4054230 4176083 0 0 112666 5666030 5315828 9898554 9785184 292783 483622 12696080 13651854 3594180 4166758 9101900 9485096 X THE AMERICAN BANKRUPTCY INSTITUTE IS THE LARGEST MULTI-DISCIPLINARY NON-PARTISAN ORGANIZATION DEDICATED TO RESEARCH AND EDUCATION ON MATTERS RELATED TO INSOLVENCY. 0 0 4723849 5577704 CONTINUING LEGAL EDUCATION AND OTHER EDUCATIONAL OFFERINGS FOR MEMBERS AND NONMEMBERS ON INSOLVENCY ISSUES AND BANKRUPTCY LAW INCLUDING: SEMINARS, WEB CONFERENCES, AND COMMITTEE MEETINGS 2156744 401328 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. 664562 2838325 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. 589617 293273 RESEARCH PROJECTS AND GRANTS THROUGH FUNDING AND SCHOLARSHIPS TO ENHANCE BANKRUPTCY RESEARCH AND EDUCATION. 147478 CARE PROGRAM: TO EDUCATE HIGH SCHOOL AND COLLEGE STUDENTS ON THE RESPONSIBLE USE OF CREDIT AND OTHER FUNDAMENTALS OF FINANCIAL LITERACY, AS WELL AS THE POTENTIAL CONSEQUENCES OF POOR MONEY MANAGEMENT ANDCREDIT CARD ABUSE. GRANTS INCLUDE A $15,154 FROM THE NATIONAL CONFERENCE OF BANKRUPTCY JUDGES ENDOWMENT FOR EDUCATION TO RAISE AWARENESS ABOUT CARE AND BROADEN THE REACH OF THE VOLUNTEER NETWORK ENGAGED IN EDUCATING STUDENTS. THE AMERICAN COLLEGE OF BANKRUPTCY ALSO FUNDED CARE IN THE AMOUNT OF $10,000 TO PRODUCE A VIDEO USED TO EDUCATE YOUNG PEOPLE IN FINANCIAL LITERACY. IN 2014, CARE PLANS THE FIRST OF AN ANNUAL CONFERENCE TO TRAIN VOLUNTEERS, ACKNOWLEDGE EXTRAORDINARY ACHIEVEMENTS AND RAISE FUNDS TO SUPPORT CARES EDUCATIONAL MISSION. 737095 293273 8282250 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 40 1 1 1 0 0 0 0 1 1 0 0 0 0 X 60 60 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X X THE ORGANIZATION 7037390800 66 CANAL CENTER PLAZA SUITE 600 ALEXANDRIA VA 223141546 PATRICIA A REDMOND PRESIDENT 5.00 X X 0 0 0 JAMES T MARKUS IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 BRIAN L SHAW PRESIDENT-ELECT 5.00 X X 0 0 0 GEOFFREY L BERMAN CHAIRMAN 5.00 X X 0 0 0 JEFFREY N POMERANTZ VICE PRESIDENT-EDUCATION 5.00 X X 0 0 0 JAMES PATRICK SHEA VICE PRESIDENT-COMM & INFO TECH 5.00 X X 0 0 0 ALBERT J TOGUT VICE PRESIDENT-DEVELOPMENT 5.00 X X 0 0 0 RONALD J SILVERMAN VICE PRESIDENT-INTERNATIONAL 5.00 X X 0 0 0 R SCOTT WILLIAMS VICE PRESIDENT-MEMBERSHIP 5.00 X X 0 0 0 NANCY B RAPOPORT VICE PRESIDENT-RESEARCH/GRANTS 5.00 X X 0 0 0 LYNNETTE R WARMAN VICE PRESIDENT-PUBLICATIONS 5.00 X X 0 0 0 JOHN TITTLE JR CPA CIRA TREASURER 5.00 X X 0 0 0 RUDY J CERONE SECRETARY 5.00 X X 0 0 0 H SLAYTON DABNEY JR EXECUTIVE COMMITTEE AT LARGE 5.00 X X 0 0 0 DENNIS R DOW EXECUTIVE COMMITTEE AT LARGE 5.00 X X 0 0 0 NANCY A PETERMAN ESQ EXECUTIVE COMMITTEE AT LARGE 5.00 X X 0 0 0 DEBORAH L THORNE EXECUTIVE COMMITTEE AT LARGE 5.00 X X 0 0 0 JOHN W AMES DIRECTOR 1.00 X 0 0 0 CORRINNE BALL ESQ DIRECTOR 1.00 X 0 0 0 LISA G BECKERMAN DIRECTOR 1.00 X 0 0 0 ALANE A BECKET DIRECTOR 1.00 X 0 0 0 LORIE R BEERS DIRECTOR 1.00 X 0 0 0 MICHAEL L BERNSTEIN DIRECTOR 1.00 X 0 0 0 CR CHIP BOWLES DIRECTOR 1.00 X 0 0 0 JO ANN J BRIGHTON ESQ DIRECTOR 1.00 X 0 0 0 HOWARD BROD BROWNSTEIN DIRECTOR 1.00 X 0 0 0 KEVIN J CAREY DIRECTOR 1.00 X 0 0 0 DEBORAH A CRABBE DIRECTOR 1.00 X 0 0 0 DOUGLAS E DEUTSCH DIRECTOR 1.00 X 0 0 0 MARY GRACE DIEHL DIRECTOR 1.00 X 0 0 0 MICHAEL A FAGONE DIRECTOR 1.00 X 0 0 0 TINAMARIE FEIL DIRECTOR 1.00 X 0 0 0 SCOTT G GAUTIER ESQ DIRECTOR 1.00 X 0 0 0 EDWARD T GAVIN CTP DIRECTOR 1.00 X 0 0 0 ROBERT E GERBER DIRECTOR 1.00 X 0 0 0 JAY M GOFFMAN DIRECTOR 1.00 X 0 0 0 BRUCE A HARWOOD DIRECTOR 1.00 X 0 0 0 JEFFERY P HOPKINS DIRECTOR 1.00 X 0 0 0 BARBARA J HOUSER DIRECTOR 1.00 X 0 0 0 MARGARET HOWARD DIRECTOR 1.00 X 0 0 0 REGINALD W JACKSON DIRECTOR 1.00 X 0 0 0 DAVID R KUNEY DIRECTOR 1.00 X 0 0 0 DENNIS J LEVINE DIRECTOR 1.00 X 0 0 0 DOUGLAS L LUTZ DIRECTOR 1.00 X 0 0 0 JEAN MAESS DIRECTOR 1.00 X 0 0 0 MARK M MALONEY DIRECTOR 1.00 X 0 0 0 JEFF J MARWIL DIRECTOR 1.00 X 0 0 0 RICHARD M METH ESQ DIRECTOR 1.00 X 0 0 0 FRANCIS A MONACO JR DIRECTOR 1.00 X 0 0 0 THOMAS A MORROW CIRA CTP DIRECTOR 1.00 X 0 0 0 C RAY MULLINS DIRECTOR 1.00 X 0 0 0 BRUCE S NATHAN DIRECTOR 1.00 X 0 0 0 PAMELA PEPPER DIRECTOR 1.00 X 0 0 0 REBECCA A ROOF DIRECTOR 1.00 X 0 0 0 HON BARRY RUSSELL DIRECTOR 1.00 X 0 0 0 MITCHELL RYAN DIRECTOR 1.00 X 0 0 0 DAMIAN S SCHAIBLE DIRECTOR 1.00 X 0 0 0 GLENN E SIEGEL DIRECTOR 1.00 X 0 0 0 MARK G STINGLEY DIRECTOR 1.00 X 0 0 0 ANNEROSE TASHIRO DIRECTOR 1.00 X 0 0 0 SHERYL L TOBY DIRECTOR 1.00 X 0 0 0 LYNN LEWIS TRAVENNER DIRECTOR 1.00 X 0 0 0 RALPH S TULIANO DIRECTOR 1.00 X 0 0 0 J SCOTT VICTOR DIRECTOR 1.00 X 0 0 0 G RAY WARNER DIRECTOR 1.00 X 0 0 0 EUGENE R WEDOFF DIRECTOR 1.00 X 0 0 0 DAVID B WHEELER DIRECTOR 1.00 X 0 0 0 IAN G WILLIAMS DIRECTOR 1.00 X 0 0 0 GREGG W ZIVE DIRECTOR 1.00 X 0 0 0 SAM GERDANO EXECUTIVE DIRECTOR 40.00 X 488161 0 120473 AMY QUACKENBOSS DEPUTY EXECUTIVE DIRECTOR 40.00 X 210250 0 42193 KATHY SHEEHAN CHIEF FINANCIAL OFFICER 40.00 X 207417 0 24802 JENNIFER DUGAS CONFERENCE DIRECTOR 40.00 X 181530 0 17299 KARIM GUIRGUIS CHIEF INFORMATION OFFICER 40.00 X 158625 0 16922 MARY KLEPPINGER DIRECTOR OF ADMINISTRATION 40.00 X 158166 0 8581 CHRIS THACKSTON DIRECTOR OF MEMBERSHIP 40.00 X 122917 0 14958 PATTY SADUSKY ACCOUNTING MANAGER 40.00 X 119104 0 14749 1646170 0 259977 10 0 1 0 VISION CREATIVE 5598 GENERAL WASHINGTON DR ALEXANDRIA VA 22312 AUDIO/VIDEO PRODUCTION 240876 EPIC ENTERTAINMENT 77570 SPRINGFIELD LANE SUITE J PALM DESERT CA 92211 ENTERTAINMENT SERVICES 129000 WEBMETTLE PO BOX 25707 ALEXANDRIA VA 22314 WEBSITE HOSTING 128773 3 52490 433416 485906 CONFERENCE/SEMINAR 541900 5577704 5577704 MEMBERSHIP DUES 541900 2838325 2838325 PUBLICATIONS 541800 1184474 401328 783146 9600503 140131 140131 77003 77003 8350193 8374846 -24653 -24653 -24653 24972 52490 41238 -16266 -16266 ADMINISTRATION FEE 561000 6182 6182 6182 10268806 8817357 783146 182397 293273 293273 995796 753827 231872 10097 2618428 1982174 609701 26553 112525 85182 26202 1141 210779 159562 49080 2137 238555 180588 55548 2419 23374 23374 2913 2913 151438 40733 110705 47724 47724 806889 585159 221383 347 224234 94642 128196 1396 802 802 506507 506507 274048 268366 4468 1214 201342 173495 27847 2549454 2348085 156118 45251 6640 6640 134122 9457 124665 14098 14098 CREDIT CARD FEES 131733 131733 BUSINESS TAXES & FEES 56039 4942 47351 3746 DIRECTOR EXPENSES 42742 42742 STAFF RECRUITMENT 42663 42663 99066 1301963 -1221262 18365 9785184 8282250 1390268 112666 165448 599122 115472 80605 134039 143486 446792 433430 994539 594426 152089 400113 11606440 11885726 75800 109372 12696080 13651854 876075 1334293 2681797 2770042 36308 62423 3594180 4166758 X 8628486 9130363 473414 354733 9101900 9485096 12696080 13651854 483622 -100426 0 X X 0 1 X 1 0 X 204387 274406 1082870 287828 485906 2335397 8046367 8412386 8641458 8620494 8817357 42538062 8250754 8686792 9724328 8908322 9303263 44873459 18405 6000 5000 29405 7625 376865 5350 41057 430897 18405 7625 382865 5350 46057 460302 44413157 333002 295653 313660 267787 217134 1427236 333002 295653 313660 267787 217134 1427236 184657 249112 268366 228010 125421 1055566 5936 7117 60861 31154 105068 8768413 9237493 10313471 9464980 9676972 47461329 0.93580 0.96700 0.03010 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: GROSS SALES FROM FUNDRAISING EVENTS - 2012 AMOUNT: $ 53,975. 2013 AMOUNT: $ 24,972. ADMINISTRATION FEES - 2010 AMOUNT: $ 5,936. 2011 AMOUNT: $ 7,117. 2012 AMOUNT: $ 6,886. 2013 AMOUNT: $ 6,182. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 227216 16421 210795 199270 103152 96118 568053 474853 93200 400113 DEFERRED COMPENSATION 62423 62423 X 10209618 -100426 41238 -59188 10268806 0 10268806 9826422 41238 41238 9785184 0 9785184 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. THE TAX RETURNS FOR THE FISCAL YEARS ENDED 2010 THROUGH 2012 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: TO RECLASS FUNDRAISING EVENT EXPENSES 41,238. PART XII, LINE 2D - OTHER ADJUSTMENTS: TO RECLASS FUNDRAISING EVENT EXPENSES 41,238. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CONFERENCE 43698 0 0 0 0 0 0 43698 0 43698 0 0 0 0 0 0 NEW YORK EVENT 1 14750 9050 5700 5535 10 NEW YORK EVENT 2 10000 8600 1400 3866 311 5 52712 34840 17872 13172 18343 77462 52490 24972 22573 18664 41237 -16265 1 ST JOHN'S UNIVERSITY SCHOOL OF LAW 8000 UTOPIA BLVD JAMAICA NY 11439 111630830 501(C)3 30000 $10K SUPPORT FOR STUDENT MOOT CT. COMP; $5K MEDIATION PROG; $15K SCHOLARSHIP THE WHARTON SCHOOL - UNIVERSITY OF PENNSYLVANIA 2432 SHDH 3620 LOCUST WALK PHILADELPHIA PA 19104 231352685 501(C)3 10000 SUPPORTING CORP RESTRUCTURING COMPETITION FOR STUDENTS UNIVERSITY OF MARYLAND BALTIMORE 220 ARCH STREET OFC LEVEL 2 BALTIMORE MD 21201 526002033 501(C)3 55590 STUDY OF POTENTIAL REFORMS - BANKRUPTCY COMMISSION 3 PART I, LINE 2: GRANTS REQUIRE MONITORING TO ASSURE THAT THE FUNDS GIVEN ARE BEING PROPERLY EXPENDED. DISBURSEMENTS ARE BASED UPON THE ACCURACY AND PROMPTNESS OF INFORMATION CONTAINED IN THE PERIODIC REPORTS TIMELY SUBMITTED AS REQUIRED BY THE GRANT AGREEMENT. GRANT RECIPIENTS ARE REQUIRED TO SUBMIT WRITTEN REPORTS TO THE GRANT MONITOR ON A PERIODIC BASIS AS PRESCRIBED IN THE GRANT AGREEMENT OR AS OTHERWISE REASONABLY REQUESTED BY THE GRANT MONITOR. THE PERIODIC WRITTEN REPORTS MUST DETAIL THE PROGRESS MADE, THE STANDARDS BY WHICH THE PROGRESS IS MEASURED, AND ANY DIFFICULTIES ENCOUNTERED, AND WHETHER THE DEADLINES ORIGINALLY FORECAST IN THE GRANT AGREEMENT WILL BE MET. IF PARTICULAR DOCUMENTS, ANALYSES, OR OTHER WRITTEN WORK PRODUCTS WERE TO BE PRODUCED DURING THE REPORTING PERIOD, A COPY THEREOF MUST EITHER BE ATTACHED TO THE REPORTING FORM, OR AN EXPLANATION PROVIDED AS TO WHY THE ORIGINAL DEADLINES HAVE NOT BEEN MET. IN ADDITION, THE REPORT MUST CONTAIN A DETAILED STATEMENT OF EXPENDITURES, BY CATEGORY, DURING THE REPORTING PERIOD, AND A STATEMENT OF FUNDS REMAINING IN THE GRANT. PERIODIC WRITTEN REPORTS MAY BE REQUIRED TO CONTAIN SUCH OTHER ADDITIONAL INFORMATION AS THE RESEARCH GRANTS COMMITTEE MAY SPECIFY IN ITS GRANT AGREEMENT. COPIES OF THE PERIODIC REPORTS (OR, IN THE DISCRETION OF THE RESEARCH GRANTS COMMITTEE, SUMMARIES THEREOF) SHALL BE FURNISHED TO THE MEMBERS OF THE RESEARCH GRANTS COMMITTEE BY THE GRANT MONITOR. THE RESEARCH GRANTS COMMITTEE MAY, UPON MAJORITY VOTE, AS IT DEEMS FIT, SET MORE FREQUENT OR MORE DETAILED REPORTING REQUIREMENTS FOR A GIVEN GRANT RECIPIENT THAN FOR OTHER RECIPIENTS. PAYMENT OF GRANTS WILL BE AS SET FORTH IN THE GRANT AGREEMENT AND REVIEWED ON A QUARTERLY BASIS IN ACCORDANCE WITH THE PROPOSED SCHEDULE OF ACTIVITIES AND EXPENDITURES AS SET FORTH IN THE GRANT AGREEMENT, AS IT MAY BE MODIFIED. X X X X 0 1 0 0 0 0 0 0 0 SAM GERDANO EXECUTIVE DIRECTOR 408161 0 80000 0 0 0 84887 0 35586 0 608634 0 80000 0 AMY QUACKENBOSS DEPUTY EXECUTIVE DIRECTOR 210250 0 0 0 0 0 33995 0 8198 0 252443 0 0 0 KATHY SHEEHAN CHIEF FINANCIAL OFFICER 207417 0 0 0 0 0 11408 0 13394 0 232219 0 0 0 JENNIFER DUGAS CONFERENCE DIRECTOR 181530 0 0 0 0 0 9101 0 8198 0 198829 0 0 0 KARIM GUIRGUIS CHIEF INFORMATION OFFICER 158625 0 0 0 0 0 8724 0 8198 0 175547 0 0 0 MARY KLEPPINGER DIRECTOR OF ADMINISTRATION 158166 0 0 0 0 0 6499 0 2082 0 166747 0 0 0 PART I, LINE 4B SAMUEL J. GERDANO - THE 457(F) PLAN. $21,571 -- FUNDED AS PER PLAN DOCUMENTS/GUIDELINES. 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 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 A, LINE 7A THE BOARD OF DIRECTORS OF THE CORPORATION SHALL BE ELECTED BY AND FROM THE VOTING MEMBERSHIP AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE TAX RETURN IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM. 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 WITH 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 15A 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 EXECUTIVE DIRECTOR BASED UPON PERFORMANCE AND SUBJECT TO BUDGETARY RESTRICTIONS. THE EXECUTIVE DIRECTOR ALSO USES INDUSTRY AVERAGES, COMPENSATION SURVEYS AND STUDIES. THE PROCESS FOR ALL INDIVIDUALS WAS LAST UNDERTAKEN IN 2013. 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. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.