Consumer Bankers Association
- Assets
- $19.5m
- Revenue
- $17.3m
- Investments
- $796.3k
- Employees
- 43
- Location
- Washington, DC
- Founding
- 11/1942
- Data as of
- 09/2023
- EIN
- 53-0112431
Organization Overview
Consumer Bankers Association is located in Washington, DC. The organization was established in 1942. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2023, Consumer Bankers Association employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consumer 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 09/2023, Consumer Bankers Association generated $17.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $15.5m during the year ending 09/2023. While expenses have increased by 4.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BENEFIT CONSUMER BANKING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES, WORKSHOPS AND WEBINARS: WEBINARS OFFER AN EFFICIENT AND ECONOMICAL WAY FOR MEMBERS TO STAY UP-TO-DATE WITH BUSINESS ISSUES AND REGULATORY CHANGES. THE ANNUAL CONFERENCE AND WORKSHOP OFFERS MORE THAN 90 HOURS OF PROGRAMMING, FEATURING MORE THAN 200 SPEAKERS. THE WEBINARS AND CONFERENCE PRESENTATION ARE PRESENTED BY INDUSTRY EXPERTS, EXECUTIVE LEVEL BANKERS, AND SENIOR REGULATORY REPRESENTATIVES WHO SHARE THEIR PERSPECTIVES AND INSIGHTS ON THE ISSUES, OPPORTUNITIES AND CHANGES IN THE INDUSTRY
CBA ADVANCED EDUCATION: THE EXECUTIVE BANKING SCHOOL IS AN EXECUTIVE PROGRAM DESIGNED AND DELIVERED BY LEADING INDUSTRY PRACTITIONERS TO BUILD A DEEP KNOWLEDGE OF THE RETAIL BANKING BUSINESS AND TO SHARPEN SKILLS IN STRATEGIC DECISION MAKING. THE PROGRAM TEACHES CORE PRINCIPLES ASSOCIATED WITH THE EXECUTIVE RESPONSIBILITY OF RUNNING A SOUND AND SUCCESSFUL BANK OVER THE LONG TERM. THE CBA ONSITE EDUCATION BRINGS CBA'S ADVANCED EDUCATION PROGRAM TO THE RETAIL BANKS. CBA ONSITE EDUCATION TAKES PARTICIPANTS OUT OF THEIR SILOS, WHERE THEY WILL IMMEDIATELY APPLY LEARNING THROUGH SIMULATIONS AND CASE STUDIES, EXPANDING THEIR KNOWLEDGE AND UNDERSTANDING OF ORGANIZATIONAL OPERATION AND GROWTH POTENTIAL
GOVERNMENT RELATIONS: CBA'S GOVERNMENT RELATIONS TEAM IS THE VOICE OF ITS MEMBERSHIP IN THE NATION'S CAPITAL ON RETAIL FINANCIAL SERVICES ISSUES - BOTH LEGISLATIVE AND REGULATORY. THROUGH MEETINGS, COMMENT LETTERS, CONGRESSIONAL TESTIMONY AND ISSUE BRIEFINGS, THE TEAM EDUCATES POLICYMAKERS, PROMOTES THE RETAIL BANKING INDUSTRY, AND WORKS WITH CONGRESS ON LEGISLATION TO BEST SERVE THE NEEDS OF CONSUMERS AND SMALL BUSINESSES NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Bailey Director | OfficerTrustee | 1 | $0 |
Quincy Miller Director | OfficerTrustee | 1 | $0 |
Christine Channels Director | Trustee | 1 | $0 |
Victor Alexander Director | Trustee | 1 | $0 |
Todd Barnhart Director | Trustee | 1 | $0 |
Chad Borton Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
1201-1225 New York Ave Spe Llc Rent | 9/29/23 | $784,896 |
1225 Eye St Nw Associates Llc Rent | 9/29/23 | $604,136 |
Furman University Ebs-rental | 9/29/23 | $326,161 |
1156 15th Street Nw Rent | 9/29/23 | $318,479 |
Bose Publicaffairs Group Llc Legal Services | 9/29/23 | $300,000 |
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 | $17,343,555 |
| Investment income | $212,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$265,181 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,298,679 |
| 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. | $2,808,524 |
| Compensation of current officers, directors, key employees. | $486,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,105,941 |
| Pension plan accruals and contributions | $246,285 |
| Other employee benefits | $412,449 |
| Payroll taxes | $424,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,216 |
| Fees for services: Accounting | $67,655 |
| Fees for services: Lobbying | $16,546 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,948 |
| Fees for services: Other | $1,393,024 |
| Advertising and promotion | $153,832 |
| Office expenses | $903,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,166,586 |
| Travel | $1,158,405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,383,858 |
| Interest | $1,493 |
| Payments to affiliates | -$34,193 |
| Depreciation, depletion, and amortization | $215,622 |
| Insurance | $14,889 |
| All other expenses | $0 |
| Total functional expenses | $15,524,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,154,731 |
| Savings and temporary cash investments | $4,067,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179,526 |
| 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 | $545,949 |
| Net Land, buildings, and equipment | $1,006,675 |
| Investments—publicly traded securities | $5,355,616 |
| Investments—other securities | $796,333 |
| Investments—program-related | $0 |
| Intangible assets | $35,000 |
| Other assets | $6,380,051 |
| Total assets | $19,521,223 |
| Accounts payable and accrued expenses | $2,368,079 |
| Grants payable | $0 |
| Deferred revenue | $1,570,206 |
| 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 | $2,369 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,290,737 |
| Total liabilities | $12,231,391 |
| Net assets without donor restrictions | $7,289,832 |
| 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 | $19,521,223 |