Nonprofit · EIN 11-3642835
BAFT INC
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $5,432,954 | $5,036,154 | $396,800 | $3,100,202 | $1,475,123 | $1,625,079 |
| August 31, 2024 | 990 | $5,038,933 | $4,271,792 | $767,141 | $2,074,990 | $846,711 | $1,228,279 |
| August 31, 2023 | 990 | $4,717,556 | $3,874,664 | $842,892 | $1,270,229 | $809,091 | $461,138 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,432,954
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $546,372
- Other salaries and wages
- $1,550,676
- Salaries, compensation and benefits (total)
- $2,600,893
- Professional fundraising fees
- $0
- Legal fees
- $83,528
- Accounting fees
- $6,972
- Occupancy
- $44,389
- Travel
- $225,967
Balance sheet and other
- Total assets, start of year
- $2,074,990
- Total assets, end of year
- $3,100,202
- Total liabilities, end of year
- $1,475,123
- Net assets, end of year
- $1,625,079
- Net assets without donor restrictions
- $1,625,079
- Gross receipts
- $5,432,954
- Employees
- 0
- Volunteers
- 1,243
- Year formed
- 2002
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KARIN PETERSEN FLYNN | CFAO Officer | 1 | $0 | $656,638 | $124,160 |
| TOD BURWELL | PRESIDENT & CEO Trustee or director, Officer | 37.5 | $0 | $442,093 | $60,568 |
| DEEPA SINHA | SVP, PAYMENTS AND FINANCIAL CRIME Highest-paid employee | 37.5 | $0 | $250,158 | $41,713 |
| ARLENE SANCHEZ | VP, MARKETING AND EVENTS Highest-paid employee | 37.5 | $0 | $210,966 | $43,230 |
| DANIEL PINHO | VP, OPERATIONS AND BUSINESS MNGMT Highest-paid employee | 37.5 | $0 | $218,680 | $26,188 |
| KATHRYN HOCH | SENIOR DIRECTOR, EVENTS & PROGRAMS Highest-paid employee | 37.5 | $0 | $124,861 | $32,653 |
| NANCY MONAHAN | SENIOR DIRECTOR, MEMBERSHIP Highest-paid employee | 37.5 | $0 | $126,262 | $15,052 |
| SURESH SUBRAMANIAN | CHAIR UNTIL MAY 2025 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICK SMIT | CHAIR FROM MAY 2025 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARAMAL-JAZIREH | PAST CHAIR UNTIL MAY 2025 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHELLE KNOWLES | VICE CHAIR FROM MAY 2025 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MIRIAM RATKOVICOVA | SECRETARY/TREASURER FROM MAY 2025 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALICE AZEVEDO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AMY SAHM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANDY ARDUINI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
30 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHUTOSH KUMAR | BOARD MEMBER Trustee or director | 1 | $0 |
| AYAZ KAMLANI | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN GORDON | BOARD MEMBER Trustee or director | 1 | $0 |
| DEAN SPOSITO | BOARD MEMBER Trustee or director | 1 | $0 |
| DERRYN FAURE | BOARD MEMBER Trustee or director | 1 | $0 |
| DYANNE CARENZA | BOARD MEMBER Trustee or director | 1 | $0 |
| EDDY ALMONTE | BOARD MEMBER UNTIL MAY 2025 Trustee or director | 1 | $0 |
| ESTHER GALIANA | BOARD MEMBER UNTIL MAY 2025 Trustee or director | 1 | $0 |
| GEORGE LEE | BOARD MEMBER Trustee or director | 1 | $0 |
| INNA GOGOUA | BOARD MEMBER UNTIL MAY 2025 Trustee or director | 1 | $0 |
| JEAN FRANCOIS MAZURE | BOARD MEMBER UNTIL MAY 2025 Trustee or director | 1 | $0 |
| JENNI HIMBERG-WILD | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN KINYANGI | BOARD MEMBER UNTIL JULY 2025 Trustee or director | 1 | $0 |
| JULIE PATTERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK DOCTOROFF | BOARD MEMBER UNTIL MAY 2025 Trustee or director | 1 | $0 |
| MAURICE ISKANDAR | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE KATEGARIS | BOARD MEMBER Trustee or director | 1 | $0 |
| OSCAR SANZ-PARIS | BOARD MEMBER Trustee or director | 1 | $0 |
| PAOLO MUZZARELLI | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICK DEVILBISS | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRIK HAVANDER | BOARD MEMBER Trustee or director | 1 | $0 |
| PETER ZOTOS | BOARD MEMBER UNTIL MAY 2025 Trustee or director | 1 | $0 |
| PRIYAMVADA SINGH | BOARD MEMBER Trustee or director | 1 | $0 |
| RANA BEYDOUN | BOARD MEMBER UNTIL NOVERMBER 2024 Trustee or director | 1 | $0 |
| RICARDO VELAZQUES | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT HOSTLER | BOARD MEMBER Trustee or director | 1 | $0 |
| ROGIER VAN LAMMEREN | BOARD MEMBER Trustee or director | 1 | $0 |
| SABRY SALMAN | BOARD MEMBER UNTIL MAY 2025 Trustee or director | 1 | $0 |
| SRIRAM MUTHUKRISHNAN | BOARD MEMBER UNTIL NOVERMBER 2024 Trustee or director | 1 | $0 |
| THOMAS LICKISS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 38 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KARIN PETERSEN FLYNN | CFAO Officer | 1 | $0 | $629,792 | $119,748 |
| TOD BURWELL | PRESIDENT & CEO Trustee or director, Officer | 37.5 | $0 | $409,108 | $61,969 |
| SCOTT STEVENSON | SVP, TRADE Highest-paid employee | 37.5 | $0 | $251,722 | $29,254 |
| DEEPA SINHA | VP, PAYMENTS AND FINANCIAL CRIME Highest-paid employee | 37.5 | $0 | $232,383 | $39,258 |
| ARLENE SANCHEZ | VP MARKETING AND EVENTS Highest-paid employee | 37.5 | $0 | $189,900 | $39,134 |
| KATHRYN HOCH | SENIOR DIRECTOR, EVENTS & PROGRAMS Highest-paid employee | 37.5 | $0 | $118,996 | $31,316 |
| NANCY MONAHAN | SENIOR DIRECTOR, MEMBERSHIP Highest-paid employee | 37.5 | $0 | $121,412 | $11,014 |
| SURESH SUBRAMANIAN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARAM AL-JAZIREH | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICK SMIT | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHELLE KNOWLES | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AARON ZYNCZAK | BOARD MEMBER UNTIL 5/2024 Trustee or director | 1 | $0 | $0 | $0 |
| AMY SAHM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANDY ARDUINI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANJALI SHAH | BOARD MEMBER UNTIL 5/2024 Trustee or director | 1 | $0 | $0 | $0 |
| AYAZ KAMLANI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN GORDON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DARRYL HENDRICKS | BOARD MEMBER UNTIL 5/2024 Trustee or director | 1 | $0 | $0 | $0 |
| DEAN SPOSITO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DERRYN FAURE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DYANNE CARENZA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| EDDY ALMONTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ESTHER GALIANA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GEORGE LEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| INNA GOGOUA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEAN FRANCOIS MAZURE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN KINYANGI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JULIE PATTERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KARIN WALCHSHOFER | BOARD MEMBER UNTIL 5/2024 Trustee or director | 1 | $0 | $0 | $0 |
| MARK DOCTOROFF | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MAURICE ISKANDAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MIRIAM RATKOVICOVA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PATRIK HAVANDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PETER ZOTOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RANA BEYDOUN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT HOSTLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SABRY SALMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SRIRAM MUTHUKRISHNAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 40 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KARIN PETERSEN FLYNN | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $648,376 | $103,398 |
| TOD BURWELL | PRESIDENT & CEO Trustee or director, Officer | 37.5 | $0 | $384,979 | $52,127 |
| SCOTT STEVENSON | SVP, TRADE Highest-paid employee | 37.5 | $0 | $252,036 | $29,430 |
| ARLENE SANCHEZ | VP MARKETING AND EVENTS Highest-paid employee | 37.5 | $0 | $174,842 | $30,887 |
| DEEPA SINHA | VP, PAYMENTS AND FINANCIAL CRIME Highest-paid employee | 37.5 | $0 | $163,327 | $25,109 |
| DESHAWN HAYNES | VP, OPERATIONS & BUSINESS TO 01/23 Highest-paid employee | 37.5 | $0 | $162,060 | $20,421 |
| DIANA RODRIGUEZ | VP, INTERNATIONAL POLICY TO 10/22 Highest-paid employee | 37.5 | $0 | $125,185 | $28,252 |
| SURESH SUBRAMANIAN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARAM AL-JAZIREH | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICK SMIT | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK GARFIELD | PAST CHAIR UNTIL 05/23 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHELLE KNOWLES | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AARON ZYNCZAK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AMY SAHM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANJALI SHAH | BOARD MEMBER FROM 05/23 Trustee or director | 1 | $0 | $0 | $0 |
| AYAZ KAMLANI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN GORDON | BOARD MEMBER FROM 05/23 Trustee or director | 1 | $0 | $0 | $0 |
| DARRYL HENDRICKS | BOARD MEMBER FROM 05/23 Trustee or director | 1 | $0 | $0 | $0 |
| DERRYN FAURE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DYANNE CARENZA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| EDDY ALMONTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GEORGE LEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEAN FRANCOIS MAZURE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN KINYANGI | BOARD MEMBER FROM 05/23 Trustee or director | 1 | $0 | $0 | $0 |
| JULIE PATTERSON | BOARD MEMBER FROM 05/23 Trustee or director | 1 | $0 | $0 | $0 |
| KARIN WALCHSHOFER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARK DOCTOROFF | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MAURICE ISKANDAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MIRIAM RATKOVICOVA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PATRIK HAVANDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PETER ZOTOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RANA BEYDOUN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT HOSTLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT MANCINI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SABRY SALMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SRIRAM MUTHIKRISHNAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEVE LOTITO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RUSSELL BROWN | BOARD MEMBER UNTIL 05/23 Trustee or director | 1 | $0 | $0 | $0 |
| ANDREAS MELETIOUS | BOARD MEMBER UNTIL 03/23 Trustee or director | 1 | $0 | $0 | $0 |
| TARIK MUZZAFAR | BOARD MEMBER UNTIL 05/23 Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1333 NEW HAMPSHIRE AVE NW, WASHINGTON, DC 20036-1511
- Principal officer (990 for 2024)
- TOD BURWELL, 1333 NEW HAMPSHIRE AVE NW, WASHINGTON, DC 20036
- Signed the 990
- TOD BURWELL, PRESIDENT & CEO
- Phone
- (202) 663-5054
- Website
- WWW.BAFT.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SEE SCHEDULE OBAFT IS THE LEADING GLOBAL INDUSTRY ASSOCIATION FOR INTERNATIONAL TRANSACTION BANKING. IT HELPS BRIDGE SOLUTIONS ACROSS FINANCIAL INSTITUTIONS, SERVICE PROVIDERS AND THE REGULATORY COMMUNITY THAT PROMOTE SOUND FINANCIAL PRACTICES ENABLING INNOVATION, EFFICIENCY, AND COMMERCIAL GROWTH.
Program accomplishments
- CONFERENCES/WORKSHOPS:PROVIDE THOUGHT LEADERSHIP AND EDUCATIONAL SESSIONS TO THOSE INVOLVED IN TRANSACTION BANKING TO KEEP THEM ABREAST OF THE LATEST ISSUES AND CHALLENGES FACING THE INDUSTRY. APPROXIMATELY 10 CONFERENCES AND WORKSHOPS WERE HELD IN-PERSON, VIRTUAL, AND HYBRID FORMATS. IN-PERSON/HYBRID EVENTS WERE OFFERED IN SEVERAL CITIES AND REGIONS ACROSS THE GLOBE, ALLOWING FOR BILATERAL MEETINGS AND NETWORKING AMONG ATTENDEES.
- MEMBERSHIPTHE FOLLOWING ITEMS ARE INCLUDED WITH MEMBERSHIP TO ENHANCE CURRENT KNOWLEDGE AND INFORMATION SHARING: - PARTICIPATE IN COUNCILS AND COMMITTEES WHERE MEMBERS SHARE BEST PRACTICES AND SHARE IDEAS, ADDRESS CHALLENGES, DEVELOP AND PARTICIPATE IN WORKING GROUPS- QUARTERLY NEWSLETTER UPDATES - MEMBERSHIP DIRECTORY- PERIODIC WEBINARS ON TOPICS OF INTEREST- ACCESS TO BEST PRACTICE DOCUMENTS, STANDARD TRADE AGREEMENTS, POLICY DOCUMENTS AND COMMENT LETTERS, AND RECORDED WEBINARS
- EDUCATION AND TRAININGA VARIETY OF ON-DEMAND ONLINE EDUCATION CERTIFICATE PROGRAMS RELATED TO TRADE FINANCE, TRANSACTION BANKING, AND CASH MANAGEMENT AIMED AT A VARIETY OF PROFILES AND LEVELS OF EXPERTISE WITHIN THE BANKING INDUSTRY AND CORPORATES INVOLVED IN TRANSACTION BANKING ARE OFFERED. ADDITIONAL CUSTOM TRAINING SOLUTIONS (VIRTUAL OR IN-PERSON) ARE OFFERED ON TRANSACTION BANKING-RELATED TOPICS PER REQUEST OF BANKS AND OR PROVIDERS IN THE TRANSACTION BANKING SPACE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 11-3642835
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2006
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $3,100,202
- Income (IRS master file)
- $5,432,954
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $5,432,954 | $5,036,154 | $3,100,202 | XML |
| 990 | August 2024 | $5,038,933 | $4,271,792 | $2,074,990 | XML |
| 990 | August 2023 | $4,717,556 | $3,874,664 | $1,270,229 | XML |
| 990 | August 2022 | $3,784,050 | $3,792,776 | $201,675 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-3642835).
Questions about BAFT INC
- What is the EIN of BAFT INC?
- The employer identification number (EIN) of BAFT INC is 11-3642835.
- Is BAFT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2006.
- Are donations to BAFT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BAFT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BAFT INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BAFT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of BAFT INC?
- The 990 for the year ended August 31, 2025 names TOD BURWELL.
- Who are the officers and directors of BAFT INC?
- The 990 for the year ended August 31, 2025 lists 45 people; 0 received compensation from the organization.
- How much revenue does BAFT INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $5,432,954, expenses of $5,036,154 and total assets of $3,100,202 at year end.
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