Louisiana Bankers Association is located in Baton Rouge, LA. The organization was established in 1955. 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 12/2021, Louisiana Bankers Association employed 10 individuals. This organization is the central organization for a national or regional group of organizations. Louisiana 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 12/2021, Louisiana Bankers Association generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. 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
BANKING EDUCATION AND MEETINGS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BANKING CONVENTION, EDUCATIONAL SEMINARS FOR MEMBERS AND THE PUBLIC, JUDICIAL REPRESENTATION ON BANKING MATTERS
MONTHLY BANKING NEWSLETTER AND BIENNIAL BANKING LAW BOOKS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Taylor CEO | Officer | 40 | $343,059 |
Ginger Laurent COO | Officer | 40 | $227,795 |
David Boneno Legal Counsel | 40 | $182,831 | |
Joseph Gendron Director Of Gr | 40 | $182,604 | |
Phillis Boyd Controller | 40 | $132,499 | |
Marcy Manuel Educational Coordinator | 40 | $104,993 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
The Ritz-carlton New Orleans Convention | 12/30/19 | $296,687 |
Ssa Consultants Inc Educational Events | 12/30/19 | $121,600 |
Marriot Business Services Conferences | 12/30/19 | $149,619 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,204,377 |
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 | $1,204,377 |
Total Program Service Revenue | $1,366,047 |
Investment income | $40,276 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $4,861 |
Net Gain/Loss on Asset Sales | $3,381 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,797,903 |
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. | $640,027 |
Compensation of current officers, directors, key employees. | $143,199 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $732,347 |
Pension plan accruals and contributions | $74,025 |
Other employee benefits | $93,049 |
Payroll taxes | $77,385 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $21,150 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $10,791 |
Office expenses | $46,420 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $9,513 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $755,551 |
Interest | $3,303 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $73,255 |
Insurance | $30,984 |
All other expenses | $62,874 |
Total functional expenses | $2,871,905 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $961,541 |
Savings and temporary cash investments | $2,000,000 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $35,234 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $347,186 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $47,292 |
Net Land, buildings, and equipment | $1,231,924 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,816,644 |
Total assets | $6,439,821 |
Accounts payable and accrued expenses | $129,313 |
Grants payable | $0 |
Deferred revenue | $930,330 |
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 | $24,831 |
Total liabilities | $1,084,474 |
Net assets without donor restrictions | $5,355,347 |
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 | $6,439,821 |
Organization Name | Assets | Revenue |
---|---|---|
Texas Bankers Association Austin, TX | $29,127,060 | $9,869,075 |
Independent Bankers Association Of Texas Austin, TX | $7,396,649 | $5,511,793 |
Louisiana Bankers Association Baton Rouge, LA | $6,439,821 | $2,797,903 |
Louisiana Budget Project Baton Rouge, LA | $1,725,763 | $1,176,519 |
Texas Wounded Warriors Tyler, TX | $1,069,512 | $471,097 |
Team Mario Edinburg, TX | $21,650 | $0 |
Texans For Traffic Relief Austin, TX | $0 | $0 |
Tahsr Land Defense Fund Horseshoe Bay, TX | $46,463 | $65,691 |
Texas Ratepayers Organization To Save Energy Inc Austin, TX | $52,302 | $0 |
Citizen Voice New Orleans, LA | $84,964 | $0 |
Americans For Fair Taxation Dallas, TX | $101,247 | $0 |
One Book One New Orleans New Orleans, LA | $30,906 | $0 |