Overview
What is American Bankruptcy Institute?
The American Bankruptcy Institute (ABI) is a prominent nonprofit organization, boasting a membership of over 10,000 professionals in various disciplines, such as attorneys, bankers, judges, and accountants, among others. Based in Alexandria, Virginia, ABI is dedicated to serving its members through high-quality conferences, comprehensive continuing education, and effective legal research. The organization actively engages in networking opportunities, fostering an exchange of ideas and discussions among its members. ABI's primary mission is achieved through two annual national membership meetings and numerous regional conferences, providing concentrated opportunities for knowledge-sharing and professional development. With a staff of 35 individuals, ABI continues to play a significant role in the bankruptcy profession.
Official website here: www.abiworld.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 96% - Four-Star out of Four Star Rating**
The American Bankruptcy Institute (ABI) has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization exemplifies transparency, boasting a fully independent board and sound fiscal practices, including a high program expense ratio of over 77%. These attributes signal a commitment to effective governance and responsible resource management.
Overall, ABI demonstrates excellent financial health and operational integrity, with no material diversions of assets reported. Their comprehensive policies on conflict of interest and whistleblowing further solidify their reputation as a trustworthy nonprofit. The commitment to providing publicly accessible financial statements and board meeting minutes underscores their dedication to accountability.
**Not Available**
This AI summary has been generated from information found on Charity Navigator.
Is American Bankruptcy Institute legitimate?
American Bankruptcy Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Bankruptcy Institute 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: $841,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,606,580
For more financial information, click here
Official website here: www.abiworld.org
What is the mission statement of American Bankruptcy Institute?
The American Bankruptcy Institute, comprising over 10,000 professionals in various roles, is dedicated to serving its members. It achieves this through offering high-quality conferences, comprehensive continuing education, effective legal research, and dynamic networking opportunities. The organization's primary commitment is to its members in multiple disciplines, including attorneys, accountants, auctioneers, bankers, judges, lenders, professors, and turnaround specialists, among others.
Official website here: www.abiworld.org
Who is the CEO of American Bankruptcy Institute?
Amy Quackenboss is the Chairman of American Bankruptcy Institute.
Official website here: www.abiworld.org
What is the revenue of American Bankruptcy Institute?
American Bankruptcy Institute's revenue in 2022 was $10,259,082.
Official website here: www.abiworld.org
Who are the executives of American Bankruptcy Institute and what are their salaries?
The average compensation at American Bankruptcy Institute during 2022 was $98,513. There are 35 employees and 100 volunteers at American Bankruptcy Institute.
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Official website here: www.abiworld.org
Where can I find the form 990 for American Bankruptcy Institute?
American Bankruptcy Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abiworld.org
Learn more at the official website: www.abiworld.org
Mission Statement of American Bankruptcy Institute
The American Bankruptcy Institute, a prominent organization, boasts a membership of over 10,000 professionals hailing from various disciplines such as law, banking, education, and accounting. This distinguished association, recognized as the nation's largest for bankruptcy professionals, is dedicated to serving its members effectively. It accomplishes this by providing high-quality conferences, comprehensive continuing education, efficient legal research, and dynamic networking opportunities. By doing so, the American Bankruptcy Institute strives to empower its members and equip them with the necessary tools to excel in their respective roles within the realm of bankruptcy.
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Impact
July, 2024
The American Bankruptcy Institute (ABI) has a significant impact on the bankruptcy profession and legal community in the United States. With over 10,000 members working in various roles such as attorneys, auctioneers, judges, lenders, and accountants, ABI plays a crucial role in providing high-quality conferences, continuing education, legal research, and networking opportunities for its members.
ABI's conferences and meetings serve as a concentrated platform for professionals to exchange ideas, discuss findings, and engage in continuing legal education. By facilitating these gatherings, ABI contributes to the professional development and knowledge-sharing within the bankruptcy field. Moreover, ABI's commitment to serving its members with comprehensive resources and networking opportunities helps in fostering a dynamic and collaborative community dedicated to the practice of bankruptcy law.
This information is meant to be a general summary of American Bankruptcy Institute. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $202,827
- Program Service Revenue: $9,345,475
- Gross Receipts: $10,625,567
Assets and Liabilities:
- Total Assets: $20,871,233
- Total Liabilities: $4,551,843
- Net Assets: $16,319,390
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES & MEETINGS
Revenue
$5,896,989
MEMBERSHIPS
Revenue
$2,766,695
ADVERTISING
Revenue
$421,080
PUBLICATIONS
Revenue
$260,711
Organization Details
Founding Year
1982
Phone
(703) 739-0800Principal Officer
Amy Quackenboss
Main Address
66 CANAL CENTER PLAZA 600, ALEXANDRIA, VA, 22314
Website
www.abiworld.orgNTEE Category
Code: B05 - Education
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