Louisiana Bankers Association
- Assets
- $6.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Baton Rouge, LA
- Founding
- 09/1955
- Data as of
- 12/2022
- EIN
- 72-0243878
Organization Overview
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 12/2022, 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 12/2022, Louisiana Bankers Association generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 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
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Quinlan Chairman Elect | OfficerTrustee | 3 | $0 |
Jerry Ledet Jr Immediate Past | OfficerTrustee | 3 | $0 |
Brent Vidrine Chairman | OfficerTrustee | 3 | $0 |
Chris Ferris Board Member | Trustee | 3 | $0 |
Brian North Treasurer | OfficerTrustee | 3 | $0 |
Anthony Kip Bertrand Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Ritz-carlton New Orleans Convention | 12/30/19 | $296,687 |
Marriot Business Services Conferences | 12/30/19 | $149,619 |
Ssa Consultants Inc Educational Events | 12/30/19 | $121,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,238,216 |
| 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 | $1,238,216 |
| Total Program Service Revenue | $1,688,604 |
| Investment income | $41,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,885 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,073,706 |
| 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. | $294,946 |
| Compensation of current officers, directors, key employees. | $48,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $896,934 |
| Pension plan accruals and contributions | $78,857 |
| Other employee benefits | $87,990 |
| Payroll taxes | $76,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,442 |
| Office expenses | $54,925 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $863,745 |
| Interest | $1,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,683 |
| Insurance | $35,470 |
| All other expenses | $80,771 |
| Total functional expenses | $2,867,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,427,122 |
| Savings and temporary cash investments | $1,999,940 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,061 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $330,989 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,786 |
| Net Land, buildings, and equipment | $1,178,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,881,751 |
| Total assets | $6,903,944 |
| Accounts payable and accrued expenses | $129,737 |
| Grants payable | $0 |
| Deferred revenue | $1,141,355 |
| 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 | $9,723 |
| Total liabilities | $1,280,815 |
| Net assets without donor restrictions | $5,623,129 |
| 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 | $6,903,944 |