American Bankers Association
- Assets
- $782.3m
- Revenue
- $150.7m
- Investments
- $0.0
- Employees
- 408
- Location
- Washington, DC
- Founding
- 08/1977
- Data as of
- 08/2023
- EIN
- 52-1001304
Organization Overview
American Bankers Association is located in Washington, DC. The organization was established in 1977. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, American Bankers Association employed 408 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American 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 08/2023, American Bankers Association generated $150.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $137.6m during the year ending 08/2023. While expenses have increased by 4.0% per year over the past 8 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.
Since 2015, American Bankers Association has awarded 41 individual grants totaling $1,377,662. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ADVOCACY, EDUCATION, & SOLUTIONS TO ITS MEMBERS AND THE FINANCIAL SERVICES INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTION, CONFERENCES, SCHOOLS, PROFESSIONAL CERTIFICATIONS AND REMOTE LEARNING OPPORTUNITIES:THE FINANCIAL SERVICES INDUSTRY IS A HIGHLY REGULATED INDUSTRY THAT REQUIRES CONSTANT EDUCATION ON THE CHANGING RULES INCLUDING NEW OR ENHANCED REGULATION, SUPERVISION AND OVERSIGHT. ABA OFFERS OPPORTUNITIES FOR GAINING INSIGHT AND GREATER UNDERSTANDING THROUGH IN-PERSON AND VIRTUAL MEETINGS, ONSITE SCHOOLS, CERTIFICATIONS AND AT-THE-DESK OFFERINGS INCLUDING WEBINARS AND INTERNET CLASSES.
MEMBERSHIP RELATIONS AND COMMUNICATIONS:ABA OUTREACHES TO ITS MEMBERSHIP THROUGH A NUMBER OF COMMUNICATION TOOLS INCLUDING DAILY EMAIL NEWS, WEEKLY SUMMARIES, ITS WEBSITE, AND BRIEFINGS ON THE CHANGING ADVOCACY AND REGULATORY ISSUES. THESE EFFORTS FACILITATE THE DEVELOPMENT OF ABA'S POLICY POSITIONS AND PROVIDE THE MEMBERSHIP AND OTHERS WITH THE BACKGROUND AND TOOLS FOR FURTHER USE IN THEIR LOCAL COMMUNITIES.
PUBLICATIONS, PRODUCTS AND SERVICES:THE ABA OFFERS BOOKS, TOOL KITS, SEVERAL MAGAZINES, E-BULLETINS, AND A VARIETY OF PRODUCTS AND SERVICES IN AN EFFORT TO EDUCATE AND FACILITATE THE CONTINUED COMPLIANCE AND COMPETITIVENESS OF THE INDUSTRY IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Nichols President And CEO | OfficerTrustee | 36.5 | $3,433,603 |
Daniel D Robb Chair | OfficerTrustee | 1 | $0 |
Julieann M Thurlow Chair Elect | OfficerTrustee | 1 | $0 |
John C Asbury Vice Chair | OfficerTrustee | 1 | $0 |
Carissa Rodeheaver Treasurer | OfficerTrustee | 1 | $0 |
A Scott Anderson Chair, Nominating Committe | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Revolution Media Group Advertising | 8/30/23 | $1,748,087 |
Production Resource Group Llc Audio Visual | 8/30/23 | $1,614,120 |
Jones Day Legal | 8/30/23 | $881,280 |
Morrison & Foerster Llp Consulting | 8/30/23 | $860,000 |
Amedia Llc Advertising | 8/30/23 | $745,042 |
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 | $589,673 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $589,673 |
| Total Program Service Revenue | $93,310,304 |
| Investment income | $15,669,474 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $41,454,770 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$365,138 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $150,659,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $299,982 |
| 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. | $8,400,213 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,354,612 |
| Pension plan accruals and contributions | $6,589,917 |
| Other employee benefits | $5,044,257 |
| Payroll taxes | $3,708,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,490,138 |
| Fees for services: Accounting | $123,572 |
| Fees for services: Lobbying | $2,432,929 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $484,113 |
| Fees for services: Other | $9,633,443 |
| Advertising and promotion | $4,903,262 |
| Office expenses | $1,722,387 |
| Information technology | $7,717,977 |
| Royalties | $1,150,858 |
| Occupancy | $5,524,067 |
| Travel | $3,796,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,084,360 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,722,849 |
| Insurance | $542,410 |
| All other expenses | $848,729 |
| Total functional expenses | $137,635,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,692,044 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,089,729 |
| 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 | $3,885,793 |
| Net Land, buildings, and equipment | $22,375,504 |
| Investments—publicly traded securities | $626,649,909 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,589,657 |
| Total assets | $782,282,636 |
| Accounts payable and accrued expenses | $19,990,690 |
| Grants payable | $0 |
| Deferred revenue | $47,908,603 |
| 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 | $101,008,451 |
| Total liabilities | $168,907,744 |
| Net assets without donor restrictions | $609,550,360 |
| Net assets with donor restrictions | $3,824,532 |
| 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 | $782,282,636 |
Grants Awarded
Over the last fiscal year, American Bankers Association has awarded $285,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL FOUNDATION PURPOSE: SPONSORSHIP FOR CHILDREN'S BALL 2023 | $25,000 |
AMERICAN BANKERS ASSOCIATION COMMUNITY ENGAGEMENT FOUNDATION PURPOSE: CONTRIBUTIONS FOR DISASTER RELIEF | $175,000 |
NATIONAL COMPASSION FUND LLC PURPOSE: SUPPORT SURVIVORS OF SHOOTING AT OLD NATIONAL BANK IN LOUISVILLE | $10,000 |
NCSL FOUNDATION FOR STATE LEGISLATURES PURPOSE: SUPPORT THE OBJECTIVE AND SPECIAL PROJECTS OF NCSL | $15,000 |
NATIONAL GOVERNORS ASSOCIATION CENTER FOR BEST PRACTICES PURPOSE: 2023-2024 NGA CHAIR'S INITIATIVE | $25,000 |
NATIONAL HOUSING CONFERENCE PURPOSE: MEMBERSHIP DUES | $20,000 |