Bank Administration Institute
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Bank Administration Institute
BAI (Bank Administration Institute) is a nonprofit organization in the United States that provides research, training, and thought leadership events for the financial services industry. Headquartered in Chicago, Illinois, BAI also operates Banking Strategies, a daily online financial services publication. Organization BAI's mission is to give financial services leaders confidence, information, and resources in order to make smart business decisions, every day. BAI's mission is created on the belief that a strong financial services industry helps consumers, businesses, and communities thrive. BAI's members include national and global banks, credit unions, mortgage and auto loan providers, money service businesses, and larger lending institutions. In 2016, over 250,000 financial services individuals at more than 1,500 financial services organizations took compliance and professional training courses through BAI. History In 1924, several representatives of regional auditors' groups ...
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Nonprofit Organization
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a Profit (accounting), profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be Tax exemption, tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworth ...
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