Georgia Bankers Association Inc
- Assets
- $5.8m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Atlanta, GA
- Founding
- 09/1942
- Data as of
- 06/2021
- EIN
- 58-0254910
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 06/2021, Georgia Bankers Association Inc employed 15 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 06/2021, Georgia Bankers Association Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. While expenses have increased by 3.1% per year over the past 6 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
2021
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. 815 ATTENDEES FOR THE YEAR ENDED 6/30/21.
MEMBER SCHOOLS:GEORGIA BANKING SCHOOL, OPERATIONS & TECHNOLOGY SCHOOL, AND ADVANCED COMPLIANCE SCHOOL - MULTI-DAY, TWO OR THREE-YEAR SCHOOLS FOCUSING ON SPECIFIC AREAS OF BANKING. 140 STUDENTS ATTENDED FOR THE YEAR ENDED 6/30/21.
MEMBER CONFERENCES:ANNUAL CONFERENCES FOR SPECIALIZED AREAS OF BANKING SUCH AS RURAL DEVELOPMENT AND LENDING, FINANCIAL RISK MANAGEMENT, CREDIT, BANK SECURITY, HR PROFESSIONALS, MARKETERS, OPERATIONS/TECHNOLOGY, AND COMPLIANCE. 677 ATTENDEES FOR THE YEAR ENDED 6/30/21.
MEMBER SEMINARS AND WEBINARS:PART-DAY PROGRAMS FOCUSED ON A SINGLE TOPIC THAT IS RELEVANT TO THE ATTENDING BANKERS. 1,203 ATTENDEES FOR THE YEAR ENDED 6/30/21.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Joseph Brannen President | OfficerTrustee | 40 | $459,110 |
David M Oliver Sr VP Communications & Marketing | Officer | 40 | $193,442 |
John Runnion Sr Vice President & CFO | Officer | 40 | $179,345 |
Elizabeth W Chandler Sr VP Government Relations | Officer | 40 | $164,453 |
Amanda S Richards Director Of Retirement Services | Officer | 40 | $154,717 |
Spencer N Mullis Chairman | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moore Colson Accounting/auditing/tax Services | 6/29/21 | $140,821 |
50 Hurt Llc Office Building Rent | 6/29/21 | $183,132 |
Sea Island Company Venue For Annual Meeting | 6/29/21 | $310,000 |
Uga - Center For Continuing Education Facilities For Banking School | 6/29/21 | $170,860 |
Demarest Strategy Group Program Management & Event Facilitation | 6/29/21 | $156,800 |
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 | $2,895,851 |
| Investment income | $62,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $101,990 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $52,360 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,869,641 |
| 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. | $1,307,513 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $431,973 |
| Pension plan accruals and contributions | $73,745 |
| Other employee benefits | $283,891 |
| Payroll taxes | $95,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,386 |
| Fees for services: Accounting | $36,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,930 |
| Fees for services: Other | $87,519 |
| Advertising and promotion | $0 |
| Office expenses | $26,648 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,830 |
| Travel | $655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $689,420 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,596 |
| Insurance | $16,958 |
| All other expenses | $77,472 |
| Total functional expenses | $4,111,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $893,343 |
| Savings and temporary cash investments | $1,657,077 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $722,520 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40 |
| Prepaid expenses and deferred charges | $49,521 |
| Net Land, buildings, and equipment | $82,355 |
| Investments—publicly traded securities | $2,374,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,688 |
| Total assets | $5,784,313 |
| Accounts payable and accrued expenses | $1,088,154 |
| Grants payable | $0 |
| Deferred revenue | $429,921 |
| 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 | $1,612,544 |
| Total liabilities | $3,130,619 |
| Net assets without donor restrictions | $2,626,044 |
| Net assets with donor restrictions | $27,650 |
| 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 | $5,784,313 |
Peer Organizations
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|---|---|---|
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |
Panama City Beach Convention And Vistors Bureau Inc Panama City Beach, FL | $6,910,172 | $13,906,597 |
Florida Reliability Coordinating Council Tampa, FL | $10,138,227 | $13,874,923 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |
National Cotton Council Of America Cordova, TN | $27,244,437 | $12,698,051 |
Catapult Employers Association Inc Charlotte, NC | $29,062,151 | $11,591,592 |