Baft INC FY2023 filing

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EIN 11-3642835 Business league / trade association Washington, DC NTEE S20
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$4.7M
FY2023▲ +25%
Expenses
$3.9M
FY2023▲ +2%

Form 990 for the fiscal year ending August 2023 (IRS tax year 2022).


Connects organizations involved in international transaction banking. For fiscal year 2023 it reported $4.7M in revenue, $3.9M in expenses, and $461K in net assets.Pt I

Founded
2002
Type
Business league / trade association · Community Development
Location
Washington, DC
Website
www.baft.org
Filings
5 on file (2020–2023)
Revenue
$4.7MFY2023
Expenses
$3.9M
Net assets
$461K
People
40
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Figures match the IRS filing checked 8/23/26 · see original: IRS
Provided by the organization

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Size
$1–10M
What they do
Connects organizations involved in international transaction banking.
Leadership
Tod Burwell · President & CEO
Money in and out
$4.7M revenue, $3.9M expenses
Bottom line
+18% operating surplus

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A business league, chamber of commerce, or trade association. Contributions are generally not tax-deductible.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

NEUTRAL

Not on file

Program vs. overhead split is not on file for this EIN's most recent filing. See detail →

What's its financial size and trend?

NEUTRAL

$1–10M · ↑ +25% vs prior year

Revenue band $1–10M, +25% versus the prior filing year (up). See detail →

Membership & operating revenue · FY2023
Total revenue
$4.7M
Pt VIII · Ln 12
Total expenses
$3.9M
Pt IX · Ln 25
Net assets
$461K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $843K
Operating surplus
+18%
revenue over expenses
Earned revenue
100%
of revenue from program services & dues
Payroll share
52%
of spending is salaries & benefits

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$1.3M
FY2023▲ +530%
Total liabilities
$809K
FY2023▲ +39%
Revenue less expensesPt I · Ln 19$843K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 330
Independent voting membersPt I · Ln 429

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CBaft INC
EINHdr · item D11-3642835
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.baft.org
Year of formationHdr · item L2002
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFJul 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a30
Independent voting membersPt VI · Ln 1b29
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Past Chair Until 05/23
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Baft INC executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2022.
01

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…

Pt IX · col B
02

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.

Pt IX · col B
03

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 in-person, virtual, and hybrid formats.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue100%$4.7M
Total revenueLn 12$4.7M

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$1.3M
Total liabilitiesLn 26$809K
Total net assetsLn 32$461K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $3.9M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services — · Total expenses $3.9M
—
Management & General
Management & general — · Total expenses $3.9M
—
Fundraising
Fundraising — · Total expenses $3.9M
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $4.7M
0%
Government reliance
Government grants — · Total revenue $4.7M
—
Earned-income share
Program service revenue $4.7M · Total revenue $4.7M
100%
Investment reliance
Investment income $0 · Total revenue $4.7M
0%
Program self-sufficiency
Program service revenue $4.7M · Total expenses $3.9M
122%
Growth & trend
Revenue growth (YoY)
This year $4.7M · Prior year $3.8M
+25%
Net-asset trend (YoY)
End of year $461K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.7M · Expenses $3.9M
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
—
Net-asset ratio
Net assets $461K · Total assets $1.3M
36%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tod Burwell · Reported title PRESIDENT & CEO · Highest reported compensation $0 · Total expenses $3.9M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.0M · Total expenses $3.9M
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 25%——
Accounting fee ratio 0.2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$5.0M revenue · ⤓ 990 PDF
FY2023$4.7M revenue · viewing · ⤓ 990 PDF
FY2022$3.8M revenue · ⤓ 990 PDF
FY2021$3.2M revenue · ⤓ 990 PDF
FY2020$3.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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