American Bankers Association

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.

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)Compensation
Robert S Nichols
President And CEO
$3,433,603
Daniel D Robb
Chair
$0
Julieann M Thurlow
Chair Elect
$0
John C Asbury
Vice Chair
$0
Carissa Rodeheaver
Treasurer
$0
A Scott Anderson
Chair, Nominating Committe
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Revolution Media Group
Advertising
$1,748,087
Production Resource Group Llc
Audio Visual
$1,614,120
Jones Day
Legal
$881,280
Morrison & Foerster Llp
Consulting
$860,000
Amedia Llc
Advertising
$745,042
View All Vendors

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

Grants Awarded

Over the last fiscal year, American Bankers Association has awarded $285,000 in support to 7 organizations.

Grant RecipientAmount

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
View Grant Profile

Peer Organizations

Organization NameAssets
Finra Regulation Inc
Rockville, MD
$1,039,482,542
Stand Together Chamber Of Commerce Inc
Arlington, VA
$274,970,971
American Petroleum Institute
Washington, DC
$239,392,392
Society For Human Resource Management
Alexandria, VA
$198,684,537
Chamber Of Commerce Of The United States Of America
Washington, DC
$196,544,960
Corporation For Travel Promotion
Washington, DC
$175,731,963
American Bankers Association
Washington, DC
$150,659,083
National Restaurant Association
Washington, DC
$97,254,330
American Beverage Association
Washington, DC
$96,604,805
American Association Of State Highway & Transportation Officials
Washington, DC
$97,013,353
Consumer Technology Association
Arlington, VA
$81,449,941
Edison Electric Institute
Washington, DC
$86,138,571
Packaging Machinery Manufacturers Institute Inc
Herndon, VA
$90,769,850
Credit Union National Association Inc
Washington, DC
$87,031,081
Investment Company Institute
Washington, DC
$84,136,163
National Retail Federation Inc
Washington, DC
$68,642,983
American Psychiatric Association
Washington, DC
$64,866,948
American Clean Power Association
Washington, DC
$62,259,131
Certified Financial Planner Board Of Standards Inc
Washington, DC
$48,603,332
Guaranty Association Benefits Company
Washington, DC
$59,125,067
National Association Of Convenience Stores Inc
Alexandria, VA
$50,087,305
American Trucking Associations Inc
Washington, DC
$48,751,985
Mexican Haas Avocado Importers Association
Fallston, MD
$51,709,910
National Business Aviation Association Inc
Washington, DC
$41,691,779
Fs-Isac Inc
Reston, VA
$47,441,232

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