National Bankers Association Inc
- Assets
- $3.8m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 02/1973
- Data as of
- 12/2022
- EIN
- 52-0884907
Organization Overview
National Bankers Association Inc, operating under the name National Bankers Association, is located in Washington, DC. The organization was established in 1973. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, National Bankers Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Bankers Association 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 12/2022, National Bankers Association generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 18.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET THE NEEDS OF THE MEMBERSHIP ESPECIALLY MINORITY FINANCIAL INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTATION, COLLABORATION AND ADVOCACY WITHIN BANKING COMMUNITY AND NBA MEMBER BANKS.
ANNUAL CONVENTION AND EDUCATION TRAINING CONFERENCE; ANNUAL CONFERENCE WAS HELD IN WASHINGTON DC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Elam President & CEO | Officer | 35 | $200,000 |
Evonne Holiday Chief Adm. Officer | 40 | $116,000 | |
Robert E James II Chairman | OfficerTrustee | 1 | $0 |
Cynthia Day 1st Vice Chair | OfficerTrustee | 1 | $0 |
B Doyle Mitchell Treasurer | OfficerTrustee | 1 | $0 |
Robert Cooper Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Williams Group Legislative Affairs | 12/30/22 | $180,000 |
Wilson Consulting Associates Consulting | 12/30/22 | $105,170 |
Semloh Strategies Communication Consulting | 12/30/22 | $133,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,811,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,828,292 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,640,142 |
| Total Program Service Revenue | $327,624 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,346 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,029,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $200,000 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $483,372 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,285 |
| Payroll taxes | $37,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,410 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $509,709 |
| Advertising and promotion | $0 |
| Office expenses | $61,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,856 |
| Travel | $19,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156,896 |
| Interest | $264 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,585 |
| Insurance | $7,691 |
| All other expenses | $0 |
| Total functional expenses | $1,612,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,226 |
| Savings and temporary cash investments | $3,117,106 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $252,272 |
| 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 | $0 |
| Net Land, buildings, and equipment | $168,350 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $273,293 |
| Total assets | $3,829,247 |
| Accounts payable and accrued expenses | $91,596 |
| Grants payable | $0 |
| Deferred revenue | $84,000 |
| 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 | $286,110 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $101,200 |
| Total liabilities | $562,906 |
| Net assets without donor restrictions | $3,266,341 |
| 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 | $3,829,247 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Catherine B Reynolds Foundation Inc Sterling, VA | $27,657,565 | $1,515,828 |
C S B S Education Foundation Washington, DC | $4,530,734 | $2,916,416 |
National Bankers Association Inc Washington, DC | $3,829,247 | $4,029,508 |
Credit Research Foundation Inc Westminster, MD | $1,443,004 | $1,483,936 |
Maryland Mortgage Bankers Edgewater, MD | $477,602 | $305,444 |
Fsic American Innovation And Opportunity Fund Washington, DC | $87,870 | $229,695 |
Second Look Capital Inc Richmond, VA | $201,281 | $0 |
Virginia Mortgage Bankers Assoc Glenn Allen, VA | $223,050 | $155,824 |
Hebrew Free Loan Association Of District Of Columbia Silver Spring, MD | $1,169,257 | $312,937 |
Hebrew Free Loan Association Of Baltimore City Inc Baltimore, MD | $1,716,165 | $75,721 |
Kingdom Connections Inc Virginia Beach, VA | $4,942 | $0 |
West Potomac Foundation Inc Arlington, VA | $10 | $2,000 |