Bank Administration Institute
- Assets
- $25.9m
- Revenue
- $895.4k
- Investments
- $0.0
- Employees
- 117
- Location
- Chicago, IL
- Founding
- 12/1984
- Data as of
- 09/2020
- EIN
- 36-3330171
Organization Overview
Bank Administration Institute, operating under the name Bai, is located in Chicago, IL. The organization was established in 1984. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Bai employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bai is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Bai generated $895.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.8%) each year. All expenses for the organization totaled $798.9k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (31.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
BANK ADMINISTRATION INSTITUTE (BAI) WAS ESTABLISHED TO ADVANCE EDUCATION IN THE (SEE SCHEDULE O) FIELDS OF FINANCIAL SERVICES, BANKING, AND RELATED AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER 350 PEOPLE ATTENDED BAI'S EDUCATIONAL CONFERENCES AND SEMINARS IN 2021, AND OVER 1.6 MILLION PEOPLE VISITED OUR BAI WEBSITE WHICH PROVIDES THOUGHT LEADERSHIP ON A VARIETY OF FINANCIAL SERVICES TOPICS.
BAI BANKING STRATEGIES, AN ONLINE MAGAZINE, ASSISTS IN EDUCATING INDIVIDUALS ON VARIOUS FINANCIAL TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly J Hughes Chief Marketing Officer | 6 | $50,605 | |
Deborah L Bianucci President And CEO | OfficerTrustee | 0.5 | $2,194 |
Ed Marcheselli Managing Director | 0.5 | $814 | |
Ann R Barcroft Chief Administrative Officer | Officer | 0.5 | $797 |
Julie Faber Chief Financial Officer | Officer | 0.5 | $678 |
Ryan P Malayter Director, Technology | 0.5 | $394 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Logan Equity Group Llc Tech Services | 9/29/21 | $195,753 |
Dolmen Communications Llc Communication Services | 9/29/21 | $165,600 |
Catalyst Technology Group Inc Tech Services | 9/29/21 | $124,410 |
Grant Thornton Llp Audit And Tax Services | 9/29/21 | $103,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $686,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $46,268 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $895,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,162 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,495 |
| Pension plan accruals and contributions | $3,526 |
| Other employee benefits | $4,159 |
| Payroll taxes | $3,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,917 |
| Fees for services: Accounting | $382 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,413 |
| Advertising and promotion | $44,164 |
| Office expenses | $5,381 |
| Information technology | $7,181 |
| Royalties | $0 |
| Occupancy | $4,693 |
| Travel | $27,535 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $411,704 |
| Interest | $74 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $607 |
| Insurance | $407 |
| All other expenses | $0 |
| Total functional expenses | $798,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191 |
| Savings and temporary cash investments | $9,905,903 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,122 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,264,774 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $246,597 |
| Investments—publicly traded securities | $11,167,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,891,961 |
| Accounts payable and accrued expenses | $3,372,467 |
| Grants payable | $0 |
| Deferred revenue | -$3,750 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,116,668 |
| Total liabilities | $6,485,385 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $19,406,576 |
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