Georgia Bankers Association Inc

Organization Overview

Georgia Bankers Association Inc is located in Atlanta, GA. The organization was established in 1942. 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 06/2023, Georgia Bankers Association Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia 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 06/2023, Georgia Bankers Association Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $5.1m during the year ending 06/2023. While expenses have increased by 4.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE GBA IS THE TRADE AND PROFESSIONAL ORGANIZATION REPRESENTING THE INTERESTS OF BANKS AND THRIFT INSTITUTIONS IN THE STATE OF GEORGIA. IT PROVIDES PROFESSIONAL DEVELOPMENT PROGRAMS, DELIVERS QUALITY PRODUCTS AND SERVICES, LOBBIES TO PASS OR DEFEAT LEGISLATION, AND IS THE PRINCIPAL VOICE FOR THE STATE'S BANKING INDUSTRY AS WELL AS THE PRIMARY OUTSIDE RESOURCE FOR ITS MEMBERS IN ACCOMPLISHING THEIR GOALS AND OBJECTIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMBER EVENTS: PROFESSIONAL AND SOCIAL EVENTS SUCH AS AN ANNUAL CONVENTION, ROUNDTABLE DISCUSSION MEETINGS, AND LEADERSHIP DEVELOPMENT PROGRAMS FOR YOUNG BANKERS. 1,191 ATTENDEES FOR THE YEAR ENDED 6/30/23.


MEMBER SEMINARS AND WEBINARS:PART-DAY PROGRAMS FOCUSED ON A SINGLE TOPIC THAT IS RELEVANT TO THE ATTENDING BANKERS. 1,954 ATTENDEES FOR THE YEAR ENDED 6/30/23.


MEMBER SCHOOLS:GEORGIA BANKING SCHOOL AND COMPLIANCE SCHOOL - MULTI-DAY, TWO OR THREE-YEAR SCHOOLS FOCUSING ON SPECIFIC AREAS OF BANKING. 171 STUDENTS ATTENDED FOR THE YEAR ENDED 6/30/23.


MEMBER CONFERENCES:ANNUAL CONFERENCES FOR SPECIALIZED AREAS OF BANKING SUCH AS RURAL DEVELOPMENT AND LENDING, FINANCIAL RISK MANAGEMENT, CREDIT, BANK SECURITY, HR PROFESSIONALS, MARKETING, OPERATIONS/TECHNOLOGY, AND COMPLIANCE. 1,344 ATTENDEES FOR THE YEAR ENDED 6/30/23.


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Board, Officers & Key Employees

Name (title)Compensation
J Joseph Brannen
President
$520,045
C Rhodes Mclanahan
Chairman
$0
Kimberli D Wilson
Chairman Elect
$0
Brad E Barber
Vice Chairman
$0
Timothy M Perry
Secretary/treasurer
$0
James L Flatt
Immediate Past Chairman
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
American Trust Company Na
Recordkeeping For Gba Retirement Service
$244,050
The Breakers Palm Beach
Annual Meeting Hotel/venue
$278,774
Demarest Strategy Group
Roundtable Facilitation
$213,733
50 Hurt Llc
Office Rent
$211,151
Pointenorth Insurance
Insurance Commissions
$209,383
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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$3,970,244
Investment income $92,844
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$84,920
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $62,725
Miscellaneous Revenue$0
Total Revenue $5,058,847

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