American Bankers Association
- Assets
- $263.7m
- Revenue
- $140.7m
- Investments
- $0.0
- Employees
- 390
- Location
- Washington, DC
- Founding
- 08/1977
- Data as of
- 08/2021
- EIN
- 52-1001304
Organization Overview
American Bankers Association is located in Washington, DC. The organization was established in 1977. 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 08/2021, American Bankers Association employed 390 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American 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 08/2021, American Bankers Association generated $140.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $105.7m during the year ending 08/2021. While expenses have increased by 0.9% 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.
Since 2015, American Bankers Association has awarded 27 individual grants totaling $910,676. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ADVOCACY, EDUCATION, & SOLUTIONS TO ITS MEMBERS AND THE FINANCIAL SERVICES INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTION, CONFERENCES, SCHOOLS, PROFESSIONAL CERTIFICATIONS AND REMOTE LEARNING OPPORTUNITIES:THE FINANCIAL SERVICES INDUSTRY IS A HIGHLY REGULATED INDUSTRY THAT REQUIRES CONSTANT EDUCATION ON THE CHANGING RULES INCLUDING NEW OR ENHANCED REGULATION, SUPERVISION AND OVERSIGHT. ABA OFFERS OPPORTUNITIES FOR GAINING INSIGHT AND GREATER UNDERSTANDING THROUGH IN-PERSON AND VIRTUAL MEETINGS, ONSITE SCHOOLS, CERTIFICATIONS AND AT-THE-DESK OFFERINGS INCLUDING TELEPHONE BRIEFINGS, WEBINARS AND INTERNET CLASSES.
MEMBERSHIP RELATIONS AND COMMUNICATIONS:ABA OUTREACHES TO ITS MEMBERSHIP THROUGH A NUMBER OF COMMUNICATION TOOLS INCLUDING DAILY EMAIL NEWS, WEEKLY SUMMARIES, ITS WEBSITE, AND BRIEFINGS ON THE CHANGING ADVOCACY AND REGULATORY ISSUES. THESE EFFORTS FACILITATE THE DEVELOPMENT OF ABA'S POLICY POSITIONS AND PROVIDE THE MEMBERSHIP AND OTHERS WITH THE BACKGROUND AND TOOLS FOR FURTHER USE IN THEIR LOCAL COMMUNITIES.
PUBLICATIONS, PRODUCTS AND SERVICES:THE ABA OFFERS BOOKS, TOOL KITS, SEVERAL MAGAZINES, E-BULLETINS, AND A VARIETY OF PRODUCTS AND SERVICES IN AN EFFORT TO EDUCATE AND FACILITATE THE CONTINUED COMPLIANCE AND COMPETITIVENESS OF THE INDUSTRY IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Nichols President And CEO | OfficerTrustee | 36.5 | $4,460,447 |
James Ballentine Executive Vice President | 37.5 | $2,143,112 | |
James G Edrington Executive Vice President | Officer | 37.5 | $880,706 |
Jim Chessen Thru 4120 Executive Vice President | 37.5 | $806,580 | |
Naomi Camper Chief Policy Officer | Officer | 37.5 | $780,905 |
Jess Sharp Executive Vice President | 37.5 | $636,139 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Revolution Agency Consulting | 8/30/21 | $1,831,011 |
Amedia Consulting | 8/30/21 | $946,966 |
Confluence Global Llc Consulting | 8/30/21 | $930,462 |
The Orange Agency Consulting | 8/30/21 | $700,000 |
Orrick Herrington & Sutcliffe Llp Legal | 8/30/21 | $723,798 |
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 | $1,608,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,608,151 |
| Total Program Service Revenue | $74,873,550 |
| Investment income | $2,649,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $36,119,996 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,461,609 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $140,712,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,459 |
| 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. | $8,527,918 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,366,011 |
| Pension plan accruals and contributions | $5,953,570 |
| Other employee benefits | $4,589,310 |
| Payroll taxes | $3,496,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $899,658 |
| Fees for services: Accounting | $48,227 |
| Fees for services: Lobbying | $3,316,431 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $346,597 |
| Fees for services: Other | $9,161,804 |
| Advertising and promotion | $4,790,841 |
| Office expenses | $682,426 |
| Information technology | $5,289,573 |
| Royalties | $764,556 |
| Occupancy | $6,792,754 |
| Travel | $385,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,730,603 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,016,554 |
| Insurance | $685,311 |
| All other expenses | $824,235 |
| Total functional expenses | $105,749,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,443,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,089,978 |
| 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 | $2,985,052 |
| Net Land, buildings, and equipment | $8,555,022 |
| Investments—publicly traded securities | $165,819,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,848,386 |
| Total assets | $263,742,289 |
| Accounts payable and accrued expenses | $14,780,527 |
| Grants payable | $0 |
| Deferred revenue | $46,276,730 |
| 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 | $81,252,958 |
| Total liabilities | $142,310,215 |
| Net assets without donor restrictions | $119,129,744 |
| Net assets with donor restrictions | $2,302,330 |
| 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 | $263,742,289 |
Grants Awarded
Over the last fiscal year, American Bankers Association has awarded $43,459 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: SUPPORT OPERATIONS | $20,000 |
Washington, DC PURPOSE: SUPPORT OPERATIONS | $12,444 |
New York, NY PURPOSE: SUPPORT OPERATIONS | $11,015 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Bankers Association has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
Redlich Horwitz Foundation Millerton, NY PURPOSE: GENERAL UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Finra Regulation Inc Rockville, MD | $51,636,831 | $1,138,654,783 |
Securities Investor Protection Corporation Washington, DC | $4,382,745,297 | $520,971,678 |
Stand Together Chamber Of Commerce Inc Arlington, VA | $220,861,452 | $325,758,897 |
American Petroleum Institute Washington, DC | $119,123,451 | $228,789,035 |
Chamber Of Commerce Of The United States Of America Washington, DC | $132,117,403 | $203,890,689 |
Society For Human Resource Management Alexandria, VA | $273,747,773 | $173,516,006 |
American Bankers Association Washington, DC | $263,742,289 | $140,712,476 |
National Restaurant Association Washington, DC | $192,667,812 | $96,146,955 |
American Association Of State Highway & Transportation Officials Washington, DC | $177,160,624 | $97,013,353 |
American Beverage Association Washington, DC | $114,967,236 | $101,585,081 |
Credit Union National Association Inc Washington, DC | $67,388,582 | $69,543,852 |
Edison Electric Institute Washington, DC | $198,917,565 | $81,084,181 |