California Bankers Association
- Assets
- $15.8m
- Revenue
- $6.3m
- Investments
- $864.7k
- Employees
- 19
- Location
- Sacramento, CA
- Founding
- 09/1942
- Data as of
- 12/2023
- EIN
- 94-0356160
Organization Overview
California Bankers Association is located in Sacramento, CA. 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 12/2023, California Bankers Association employed 19 individuals. This organization is the central organization for a national or regional group of organizations. California 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 12/2023, California Bankers Association generated $6.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $6.0m during the year ending 12/2023. 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
PROVIDES EDUCATION, INFORMATION, AND ADVOCACY SERVICES IN ORDER TO PROMOTE THE SUCCESS OF THE BANKING INDUSTRY AND CORPORATE FIDUCIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADVOCACY GROUP IS RESPONSIBLE FOR MAKING RECOMMENDATIONS TO THE ASSOCIATION CONCERNING ITS POSITION AND THE TAKING OF ACTION ON LEGISLATIVE, GOVERNMENTAL, AND REGULATORY MATTERS. THIS GROUP IS ALSO RESPONSIBLE FOR ANALYZING REGULATIONS AND LEGISLATION TO ASSESS THE EFFECT ON THE INDUSTRY AND TO INFORM AND EDUCATE THE MEMBERSHIP THROUGH COMMUNICATIONS AND SEMINARS.
THE MEMBERSHIP GROUP IS RESPONSIBLE FOR ENHANCING THE MEMBER EXPERIENCE BY PROVIDING TANGIBLE BENEFITS, AND ENSURE MEMBERS DERIVE MAXIMUM VALUE FROM THEIR MEMBERSHIP.
THE PROFESSIONAL DEVELOPMENT AND COMMUNICATIONS GROUP IS CONCERNED WITH DEVELOPING AND RECOMMENDING EDUCATIONAL AND INFORMATIONAL COMMUNICATIONS PROGRAMS, PROJECTS, AND MATERIAL WITH RESPECT TO THE INTERESTS AND SPECIALIZED NEEDS OF THE REPRESENTED BANKING ACTIVITIES OF ITS VARIOUS GROUPS, INCLUDING A MONTHLY MAGAZINE, THE HOLDING OF CONFERENCES, SEMINARS, AND WORKSHOPS OF INTEREST AND BENEFIT TO MEMBERS OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aj Antongiovanni Board Member | Trustee | 1 | $0 |
Brian E Argrett Board Member | Trustee | 1 | $0 |
James E Beckwith Board Member | Trustee | 1 | $0 |
Craig G Blunden Board Member | Trustee | 1 | $0 |
David A Brager Board Member | Trustee | 1 | $0 |
Russel A Colombo Vice Chairman At Large | OfficerTrustee | 1 | $0 |
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 | $5,486,421 |
| Investment income | $287,165 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,000 |
| Net Rental Income | $19,440 |
| Net Gain/Loss on Asset Sales | $507,528 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,314,554 |
| 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. | $855,522 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,593,966 |
| Pension plan accruals and contributions | $88,012 |
| Other employee benefits | $341,541 |
| Payroll taxes | $151,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,889 |
| Fees for services: Accounting | $35,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,157 |
| Fees for services: Other | $817,952 |
| Advertising and promotion | $13,331 |
| Office expenses | $200,637 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $320,312 |
| Travel | $92,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,153,177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,352 |
| Insurance | $26,631 |
| All other expenses | $0 |
| Total functional expenses | $6,030,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,443,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,367 |
| Prepaid expenses and deferred charges | $790,591 |
| Net Land, buildings, and equipment | $12,219 |
| Investments—publicly traded securities | $11,264,156 |
| Investments—other securities | $864,712 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $366,020 |
| Total assets | $15,818,922 |
| Accounts payable and accrued expenses | $983,763 |
| Grants payable | $0 |
| Deferred revenue | $1,312,903 |
| 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 | $370,387 |
| Total liabilities | $2,667,053 |
| Net assets without donor restrictions | $13,151,869 |
| 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 | $15,818,922 |