American Bankruptcy Institute
- Assets
- $21.0m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 36
- Location
- Alexandria, VA
- Founding
- 04/1999
- Data as of
- 12/2020
- EIN
- 52-1295453
Organization Overview
American Bankruptcy Institute is located in Alexandria, VA. The organization was established in 1999. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2021, American Bankruptcy Institute employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Bankruptcy Institute 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 12/2020, American Bankruptcy Institute generated $6.8m 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 (14.3%) each year. All expenses for the organization totaled $7.1m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.6%) 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND MEETINGS: ABI HOLDS TWO NATIONAL MEMBERSHIP MEETINGS AND MANY REGIONAL CONFERENCES THROUGHOUT THE YEAR. THESE MEETINGS OFFER A CONCENTRATED OPPORTUNITY FOR THE EXCHANGE OF IDEAS, DISCUSSIONS OF FINDINGS AMONG COLLEAGUES, AND CONTINUING LEGAL EDUCATION.
PUBLICATIONS AND OTHER SALES: ABI PRODUCES VARIOUS PUBLICATIONS AND JOURNALS THAT REPRESENT ITS COMMITMENT TO THE ONGOING ENHANCEMENT OF QUALITY EDUCATION ON INSOLVENCY TOPICS. ADDITIONALLY, ABI MAINTAINS A COMPREHENSIVE INTERNET SITE COVERING INSOLVENCY ISSUES AND PROVIDING INSTANT UPDATES ON LEGISLATION, NEW FILINGS, SUPREME COURT CASES, BANKRUPTCY FILING STATISTICS, AND DAILY BANKRUPTCY NEWS.
MEMBERSHIP SERVICES: ABI PROVIDES ONGOING SERVICES TO ITS MEMBERS IN ORDER TO PROVIDE A BROAD, IN-DEPTH RESOURCE OF INSOLVENCY ISSUES AND RELATED SERVICES.
RESEARCH PROJECTS AND GRANTS: ABI PROVIDES FUNDING AND SCHOLARSHIPS TO ENHANCE BANKRUPTCY RESEARCH AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy A Quackenboss Executive Director | Officer | 40 | $295,832 |
Karim Guirguis Chief Operating Officer | Officer | 40 | $215,500 |
Chris Thackston Director Of Membership | 40 | $169,469 | |
Jennifer Guirguis Conference Director | 40 | $165,344 | |
Satish Kodali Software Engineer | Officer | 40 | $164,166 |
James Carman Director Of Communications | 40 | $152,751 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sc&h Group Inc Accounting Services | 12/30/21 | $272,039 |
Webmettle Llc Web Hosting Services | 12/30/21 | $144,760 |
The Breakers Palm Beach Inc Event | 12/30/21 | $137,400 |
Vision Creative Llc Audio/video Production | 12/30/21 | $100,040 |
St Croix Press Inc Print Communications | 12/30/21 | $140,238 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,542 |
| Total Program Service Revenue | $5,705,054 |
| Investment income | $309,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $123,368 |
| Net Rental Income | $203,805 |
| Net Gain/Loss on Asset Sales | $152,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,767,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,092,627 |
| Compensation of current officers, directors, key employees. | $846,921 |
| Compensation to disqualified persons | $422,555 |
| Other salaries and wages | $2,135,643 |
| Pension plan accruals and contributions | $81,357 |
| Other employee benefits | $157,970 |
| Payroll taxes | $228,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,172 |
| Fees for services: Accounting | $114,653 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,332 |
| Fees for services: Other | $324,638 |
| Advertising and promotion | $3,857 |
| Office expenses | $524,542 |
| Information technology | $224,573 |
| Royalties | $0 |
| Occupancy | $683,695 |
| Travel | $33,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $507,153 |
| Interest | $1,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,514 |
| Insurance | $17,386 |
| All other expenses | $90,648 |
| Total functional expenses | $7,078,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,800 |
| Savings and temporary cash investments | $5,374,541 |
| Pledges and grants receivable | $66,723 |
| Accounts receivable, net | $724,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $461,629 |
| Net Land, buildings, and equipment | $79,696 |
| Investments—publicly traded securities | $11,444,607 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,158,875 |
| Total assets | $21,045,850 |
| Accounts payable and accrued expenses | $763,893 |
| Grants payable | $0 |
| Deferred revenue | $2,949,044 |
| 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 | $833,700 |
| Other liabilities | $2,710,124 |
| Total liabilities | $7,256,761 |
| Net assets without donor restrictions | $13,625,376 |
| Net assets with donor restrictions | $163,713 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,045,850 |
Grants Awarded
Over the last fiscal year, American Bankruptcy Institute has awarded $187,033 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Middletown, CT PURPOSE: INTERVENTIONS STUDY (LUPICA) | $132,000 |
Bear, DE PURPOSE: NYPR FUNDRAISER | $38,348 |
Guaynabo, PR PURPOSE: PUERTO RICO RELIEF FUND | $16,685 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Bankruptcy Institute has recieved totaling $23.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Endowment Analysis
| Beg. Balance | $9,127,702 |
| Earnings | $29,683 |
| Net Contributions | $270,489 |
| Grants | $56,893 |
| Ending Balance | $9,370,981 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
America First Inc Arlington, VA | $3,850,844 | $14,195,522 |
National Student Clearinghouse Research Center Herndon, VA | $3,158,535 | $8,719,036 |
R Street Institute Washington, DC | $9,433,752 | $12,078,892 |
American Bankruptcy Institute Alexandria, VA | $21,045,850 | $6,767,069 |
Centerpoint Education Solutions Washington, DC | $2,694,353 | $5,212,147 |
National Association Of Independent Colleges & Universities Washington, DC | $15,482,036 | $7,647,704 |
Kentucky Pharmacy Education And Research Foundation Inc Frankfort, KY | $611,145 | $5,496,404 |
Achieve Inc Silver Spring, MD | $324,503 | $3,902,025 |
Thomas B Fordham Institute Washington, DC | $10,011,588 | $4,932,903 |
Excelencia In Education Inc Washington, DC | $16,958,749 | $12,336,645 |
State Educational Technology Directors Association Glen Burnie, MD | $1,209,563 | $3,539,021 |
Beyond Blue Corporation Lexington, KY | $2,739,202 | $2,978,892 |