American Bankruptcy Institute

“Bruce harwood (board member) and hannah blumenstiel (board member) have a family relationship. Karim guirguis (officer) and jennifer guirguis (highly compensated employee) have a family relationship.”

“The form 990 was prepared by abi's tax accountants with input from internal abi staff and abi's outside accountants. It was reviewed by an external cfo and the executive director. After a final draft was been produced the document was presented to the board of directors who reviewed the draft and accepted the draft as final. The full board was given the opportunity to ask questions or suggest changes before the final draft was sent to the irs. The executive director provided the board with supporting documents that helped them identify key items as well as reconcile the 990 to the audited financial statements.”

“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.”

“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 ed based on performance and subject to budgetary restrictions. The executive director review last took place in march 2025.”

“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.”

“Other professional fees: program service expenses 184,706. Management and general expenses 1,118,182. Fundraising expenses 935. Total expenses 1,303,823.”