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Baft Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113642835 ✦ Washington, DC ✦ Designated as a 501(c)(6)

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Overview

What is Baft Inc?

Baft Inc, based in Washington D.C., is a renowned global association that focuses on international transaction banking. Their primary mission is to serve as a bridge between financial institutions, service providers, and regulatory bodies, promoting sound financial practices that foster innovation, efficiency, and commercial growth. Baft Inc achieves this by organizing conferences and workshops, both in-person, virtual, and hybrid formats, in various cities and regions worldwide. These events aim to keep industry professionals updated on the latest issues and challenges in transaction banking. These educational sessions provide valuable thought leadership, enabling attendees to network and engage in bilateral meetings.


Official website here: www.baft.org

Is Baft Inc legitimate?

Baft Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Baft Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $379,505
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,318,066

For more financial information, click here


Official website here: www.baft.org

What is the mission statement of Baft Inc?

Baft Inc, being the leading global industry association for international transaction banking, bridges solutions among various financial institutions, service providers, and regulatory bodies. The organization's mission is to promote sound financial practices that encourage innovation, efficiency, and commercial growth. To achieve this, Baft Inc provides thought leadership and educational sessions through conferences and workshops, keeping those involved in transaction banking updated on the latest issues and challenges in the industry. These events were held in various formats, including in-person, virtual, and hybrid, allowing for networking opportunities in several cities and regions globally.


Official website here: www.baft.org

Who is the CEO of Baft Inc?

Tod Burwell is the President & Ceo of Baft Inc. The CEO's salary of Baft Inc is $0 and their total compensation is $414,425.


Official website here: www.baft.org

What is the revenue of Baft Inc?

Baft Inc's revenue in 2022 was $3,784,050.


Official website here: www.baft.org

Who are the executives of Baft Inc and what are their salaries?

There 350 volunteers at Baft Inc.


Here are 39 key members and their salaries (Baft Inc's CEO's salary is $0 and their total compensation is $414,425):


Tod Burwell (President & Ceo)
  • Compensation: $0
  • Related: $379,504
  • Other: $34,921
Maram Al-Jazireh (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Garfield (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suresh Subramanian (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Sahm (Secretary / Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Zynczak (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andreas Meletiou (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bart Timmermans (Board Member (Thru 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Stolcke (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fh Ahlborn (Board Member (Thru 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
George Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ihunanya Onuoha (Board Member (Thru 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Elkins (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karin Walchshofer (Board Member (From 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Holmes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Borton (Board Member (Thru 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Maurice Iskandar (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Knowles (Board Member (From 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Miriam Ratkovicova (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Smit (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Gomes (Board Member (Thru 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrik Havander (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Taylor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Bowkley (Board Member (Thru 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Rana Beydoun (Board Member (From 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Hostler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Mancini (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Brown (Board Member (From 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Sabry Salman (Board Member (From 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Sriram Muthukrishnan (Board Member (From 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Lotito (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tarik Muzzafar (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ulf-Peter Noetzel (Board Member (Thru 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Karin Petersen Flynn (Chief Financial Officer)
  • Compensation: $0
  • Related: $494,352
  • Other: $88,867
Deshawn Haynes (Vp, Operations & Business Management)
  • Compensation: $0
  • Related: $153,927
  • Other: $27,936
Nancy Monahan (Senior Director Membership)
  • Compensation: $0
  • Related: $111,055
  • Other: $9,832
Samantha Pelosi (Svp, Payments & Innovation)
  • Compensation: $0
  • Related: $174,118
  • Other: $20,954
Arlene Sanchez (Vp Marketing And Events)
  • Compensation: $0
  • Related: $152,367
  • Other: $28,190
Diana Rodriguez (Vp, International Policy)
  • Compensation: $0
  • Related: $151,038
  • Other: $35,836


Official website here: www.baft.org

Where can I find the form 990 for Baft Inc?

Baft Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.baft.org

Learn more at the official website: www.baft.org

Mission Statement of Baft Inc

BAFT Inc, an acclaimed global industry association, is dedicated to fostering collaboration between financial institutions, service providers, and the regulatory community in the realm of international transaction banking. Its mission is to promote sound financial practices, encouraging innovation, efficiency, and commercial growth within the sector. By organizing conferences and workshops, BAFT Inc provides thought leadership and educational sessions for individuals involved in transaction banking, keeping them informed about the latest issues and challenges in the industry. These events, held in various formats including in-person, virtual, and hybrid, enable attendees to engage in bilateral meetings and networking opportunities, fostering a global network of professionals in the field.

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Impact




October, 2024

Baft Inc plays a crucial role in the landscape of international transaction banking by serving as a key association for organizations actively engaged in the sector. Through a variety of conferences and workshops, it provides thought leadership and educational resources that keep professionals informed about the latest trends, issues, and challenges facing the industry.

Hosting approximately ten events annually in various formats—ranging from in-person to virtual and hybrid—Baft Inc facilitates opportunities for networking and direct engagement among stakeholders. These events span multiple cities and regions worldwide, promoting bilateral meetings and fostering connections among financial institutions, service providers, and regulatory bodies.

By bridging these diverse entities, Baft Inc enhances sound financial practices and encourages innovation and efficiency within the industry. Its mission underscores a commitment to promoting growth and development in international transaction banking, effectively contributing to community improvement and economic vitality on a global scale.




This information is meant to be a general summary of Baft Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,784,050 (2022)
Expenses
$3,792,776 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $3,784,050
  • Gross Receipts: $3,784,050

Assets and Liabilities:

  • Total Assets: $201,675
  • Total Liabilities: $583,429
  • Net Assets: -$381,754

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$2,056,884

CONFERENCE/CONVENTION

Revenue

$1,639,299

OTHER PROGRAMS

Revenue

$87,867

Organization Details

Founding Year

2002

Principal Officer

Tod Burwell

Main Address

1333 NEW HAMPSHIRE AVE NW, WASHINGTON, DC, 20036

NTEE Category

Code: S20 - Community improvement

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