Nebraska Bankers Association Inc
- Assets
- $7.5m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 30
- Location
- Lincoln, NE
- Founding
- 10/1955
- Data as of
- 04/2024
- EIN
- 47-0248240
Organization Overview
Nebraska Bankers Association Inc is located in Lincoln, NE. The organization was established in 1955. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 04/2024, Nebraska Bankers Association Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Bankers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2024, Nebraska Bankers Association Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $5.3m during the year ending 04/2024. While expenses have increased by 1.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
AS THE VOICE FOR THE NEBRASKA BANKING INDUSTRY, OUR MISSION IS TO PROVIDE EXTRAORDINARY SERVICE FOR EXTRAORDINARY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE THE FINANCIAL SERVICES INDUSTRY BY OFFERING QUALITY, COST-EFFECTIVE EDUCATIONAL PROGRAMS AND PRODUCTS THROUGH A VARIETY OF DELIVERY FORMATS.
TO ADVOCATE FOR PRO-BANKING AND PRO-BUSINESS POLICIES AND A LEGISLATIVE AND REGULATORY ENVIRONMENT SUPPORTIVE OF OUR MEMBER FINANCIAL INSTITUTIONS.
TO ENHANCE AND SHOWCASE THE IMPORTANCE AND VALUE OF NBA MEMBERSHIP AND PROMOTE THE IMAGE OF THE NEBRASKA BANKING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman-Elect | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Past Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Board Of Directors | Trustee | 1 | $0 |
Name Not Listed Board Of Directors | Trustee | 1 | $0 |
Name Not Listed Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,319,945 |
| Investment income | $136,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,177 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,471,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $592,724 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,955,200 |
| Pension plan accruals and contributions | $118,134 |
| Other employee benefits | $42,155 |
| Payroll taxes | $168,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $263,697 |
| Fees for services: Accounting | $26,966 |
| Fees for services: Lobbying | $283,608 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,231 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $282,751 |
| Travel | $31,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $580,996 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,163 |
| Insurance | $51,141 |
| All other expenses | $352,519 |
| Total functional expenses | $5,329,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,328,990 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $260,269 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $235,270 |
| Net Land, buildings, and equipment | $510,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,187,939 |
| Total assets | $7,523,233 |
| Accounts payable and accrued expenses | $53,965 |
| Grants payable | $0 |
| Deferred revenue | $465,099 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,565,779 |
| Total liabilities | $2,084,843 |
| Net assets without donor restrictions | $5,438,390 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,523,233 |