American Bankers Association Community Engagement Foundation
- Assets
- $9.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/2004
- Data as of
- 08/2021
- EIN
- 83-0397856
Organization Overview
American Bankers Association Community Engagement Foundation, operating under the name Aba Community Engagement Foundation, is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aba Community Engagement Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Aba Community Engagement Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $718.2k during the year ending 08/2021. 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
HELP BANKS & BANKERS MAKE THEIR COMMUNITIES BETTER THROUGH LEADERSHIP, PARTNERSHIPS & PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFE BANKING FOR SENIORS: SAFE BANKING FOR SENIORS (SBFS) IS A FREE NATIONAL PROGRAM, SPONSORED BY THE ABA COMMUNITY ENGAGEMENT FOUNDATION, THAT PROVIDES BANKERS WITH THE TOOLS AND RESOURCES NECESSARY TO HELP OLDER ADULTS, THEIR FAMILIES AND CAREGIVERS PREVENT ELDER FINANCIAL ABUSE AND EXPLOITATION. MORE DETAIL AT: HTTPS://WWW.ABA.COM/ADVOCACY/COMMUNITY-PROGRAMS/SAFE-BANKING-FOR- SENIORS.
TEACH CHILDREN TO SAVE: GEARED TOWARD GRADES K-8, TEACH CHILDREN TO SAVE (TCTS), IS A FREE NATIONAL PROGRAM SPONSORED BY THE ABA COMMUNITY ENGAGEMENT FOUNDATION, THAT ORGANIZES BANKER VOLUNTEERS THROUGHOUT THE YEAR TO HELP YOUNG PEOPLE DEVELOP A SAVINGS HABIT EARLY IN LIFE. MORE DETAIL AT: HTTPS://WWW.ABA.COM/ADVOCACY/COMMUNITY-PROGRAMS/TEACH-CHILDREN-SAVE.
LIGHTS CAMERA SAVE! : SPONSORED BY THE ABA COMMUNITY ENGAGEMENT FOUNDATION, IS A VIDEO CONTEST THAT ENGAGES TEENS IN EDUCATING THEMSELVES AND THEIR PEERS ABOUT THE VALUE OF SAVING AND USING MONEY WISELY. MORE DETAIL AT: HTTPS://WWW.ABA.COM/ADVOCACY/COMMUNITY-PROGRAMS/LIGHTS-CAMERA-SAVE.
AFFORDABLE HOUSING:THE FOUNDATION IS COMMITTED TO REVITALIZING NEIGHBORHOOD AND COMMUNITIES THROUGHOUT THE UNITED STATES. THROUGH PARTNERSHIP WITH BANKS ALL ACROSS THE NATION TO CULTIVATE GROWTH AND HELP DEVELOP THRIVING LOCAL ECONOMIES. THE FOUNDATION HAS BEEN WORKING TO ELEVATE AND SUPPORT ISSUES AROUND HOUSING AND COMMUNITY DEVELOPMENT. MORE DETAILS AT HTTPS://WWW.ABA.COM/ADVOCACY/COMMUNITY-PROGRAMS/HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Jones Chair | OfficerTrustee | 1 | $0 |
Luis Lobo Vice Chair | OfficerTrustee | 1 | $0 |
Peter Cook Chief Communications Offic | Officer | 1 | $0 |
Barry Epstein Treasurer/senior Vice Pres | Officer | 1 | $0 |
Corey Carlisle Senior Vice President | Officer | 1 | $0 |
Jill Goldman Secretary/vp And Senior Co | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $12,444 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,545 |
| Total Program Service Revenue | $342,500 |
| Investment income | $169,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,125,804 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,656,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $291,311 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,127 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,016 |
| Fees for services: Other | $48,323 |
| Advertising and promotion | $11,682 |
| Office expenses | $277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,063 |
| Travel | $263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,085 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,840 |
| Total functional expenses | $718,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,832 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $852 |
| 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 | -$2,150 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,848,185 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,931,719 |
| Accounts payable and accrued expenses | $19,895 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $74,729 |
| Total liabilities | $94,624 |
| Net assets without donor restrictions | $746,991 |
| Net assets with donor restrictions | $9,090,104 |
| 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 | $9,931,719 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that American Bankers Association Community Engagement Foundation has recieved totaling $212,444.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CAPACITY BUILDING | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $50,000 |
American Bankers Association Washington, DC PURPOSE: SUPPORT OPERATIONS | $12,444 |
Endowment Analysis
| Beg. Balance | $7,833,239 |
| Earnings | $1,256,865 |
| Ending Balance | $9,090,104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chpa Educational Foundation Washington, DC | $1,525,547 | $2,088,774 |
National Association Of Educational Procurement Inc Columbia, MD | $1,316,674 | $1,317,675 |
Hampton-Newport News Community Services Board Property Company Hampton, VA | $20,313,869 | $1,743,517 |
Self Storage Association Foundation Alexandria, VA | $6,163,793 | $2,330,620 |
American Bankers Association Community Engagement Foundation Washington, DC | $9,931,719 | $1,656,077 |
Nonprofit Village Center Inc Rockville, MD | $400,485 | $644,836 |
Sb Works Washington, DC | $367,219 | $574,807 |
Toolbank Usa Inc Richmond, VA | $421,989 | $439,803 |
Community Association Institute Research Foundation Falls Church, VA | $538,984 | $383,243 |
Alta Good Deeds Foundation Washington, DC | $561,120 | $335,395 |
Crn Foundation Washington, DC | $235,825 | $216,719 |
Friends Of@woodley Park Washington, DC | $0 | $0 |