Baft Inc
Nonprofit profile at a glance
- EIN
- 113642835
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2026635054
- Rating confidence
- Limited
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $5,432,954
- Expenses
- $5,036,154
- Assets
- $3,100,202
- Liabilities
- $1,475,123
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
45 people listed
Executive titles in this filing
- TOD BURWELL (PRESIDENT & CEO)
Highest reported compensation
- KARIN PETERSEN FLYNN (CFAO): $780,798 total reported compensation
- TOD BURWELL (PRESIDENT & CEO): $502,661 total reported compensation
- DEEPA SINHA (SVP, PAYMENTS AND FINANCIAL CRIME): $291,871 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 39
- Accountability: 93
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.3%; rating input score 96; 26th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.3%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 0.62; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.1% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 34.7% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 26 of 27 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $781K · 45 people listed · 0 of 6 pay-setting controls reported
- Consistency: 9 of 9 current checks pass
- Schedules: 6 filed schedules · includes foreign activity and executive pay
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- Review — Sustainability: Operating margin scored 57/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.