Tennessee Bankers Association Incorporated
- Assets
- $21.4m
- Revenue
- $6.5m
- Investments
- $1.7m
- Employees
- 19
- Location
- Nashville, TN
- Founding
- 09/1942
- Data as of
- 04/2023
- EIN
- 62-0379580
Organization Overview
Tennessee Bankers Association Incorporated is located in Nashville, TN. 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 04/2023, Tennessee Bankers Association Incorporated employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Bankers Association Incorporated 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 04/2023, Tennessee Bankers Association Incorporated generated $6.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $6.2m during the year ending 04/2023. While expenses have increased by 1.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A TRADE ASSOCIATION ORGANIZED TO ASSIST, INFORM, & EDUCATE ITS MEMBERS WHO CONSIST OF COMMERCIAL BANKS, THRIFT INSTITUTIONS & TRUST COMPANIES IN TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TENNESSEE BANKERS ASSOCIATION (TBA) IS A TRADE ASSOCIATION ESTABLISHED TO SERVE THE NEEDS OF THE STATE'S BANKS, THRIFT INSTITUTIONS, AND TRUST COMPANIES. AMONG OTHER ACTIVITIES, THE ASSOCIATION PROVIDES CONTINUING EDUCATION, DEVELOPS AND MONITORS STATE AND FEDERAL LEGISLATIVE AGENDAS, DISSEMINATES INFORMATION ON ALL FACETS OF THE FINANCIAL SERVICES INDUSTRY, AND PROMOTES THE PUBLIC IMAGE OF FINANCIAL INSTITUTIONS. EACH YEAR, THE TBA CONDUCTS APPROXIMATELY 70 INFORMATION, EDUCATION, AND TRAINING PROGRAMS. AMONG THESE ARE THE TBA ANNUAL MEETING, INDEPENDENT BANKERS DIVISION CONVENTION, AND THE TBA LEADERSHIP CONVENTION, HELD ANNUALLY. THE TBA CONDUCTS THREE BANKING SCHOOLS-THE SOUTHEASTERN SCHOOLS OF BANKING, COMMERCIAL LENDING, AND CONSUMER LENDING. THESE SCHOOLS ENROLL STUDENTS FROM AROUND THE SOUTHEAST AND ENJOY THE ENDORSEMENT OF SEVERAL OTHER SOUTHEASTERN BANKERS ASSOCIATIONS. AS TODAY'S FINANCIAL INDUSTRY GROWS, CHANGES, AND FACES NEW CHALLENGES, SO DOES THE TENNESSEE BANKERS ASSOCIATION. THE TBA CONTINUALLY STRIVES TO EVALUATE, IMPROVE, AND INCREASE ITS PROGRAMS AND SERVICES TO MEET THE NEEDS OF ITS MEMBER INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 31 | $384,286 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman-Elect | OfficerTrustee | 1 | $0 |
Name Not Listed Vice-Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dwc Construction Company Construction | 4/29/17 | $280,483 |
Stage Left Catering Inc Catering | 4/29/17 | $130,418 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $192,501 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,501 |
| Total Program Service Revenue | $5,401,027 |
| Investment income | $276,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $415,952 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $95,605 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,457,795 |
| 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. | $978,033 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,160,549 |
| Pension plan accruals and contributions | $105,633 |
| Other employee benefits | $94,043 |
| Payroll taxes | $124,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,738 |
| Fees for services: Accounting | $35,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,699 |
| Fees for services: Other | $60,834 |
| Advertising and promotion | $71,707 |
| Office expenses | $79,241 |
| Information technology | $21,443 |
| Royalties | $0 |
| Occupancy | $376,489 |
| Travel | $56,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,441,663 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $354,630 |
| Insurance | $55,723 |
| All other expenses | $482 |
| Total functional expenses | $6,217,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,641 |
| Savings and temporary cash investments | $763,928 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $466,662 |
| 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 | $551,169 |
| Net Land, buildings, and equipment | $6,909,675 |
| Investments—publicly traded securities | $9,038,540 |
| Investments—other securities | $1,688,208 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,937,937 |
| Total assets | $21,359,760 |
| Accounts payable and accrued expenses | $628,305 |
| Grants payable | $0 |
| Deferred revenue | $1,525,435 |
| 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 | $433,315 |
| Total liabilities | $2,587,055 |
| Net assets without donor restrictions | $18,772,705 |
| 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 | $21,359,760 |