Louisiana Bankers Association
- Assets
- $6.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Baton Rouge, LA
- Founding
- 09/1955
- Data as of
- 12/2021
- 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 12/2021, 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
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Board, Officers & Key Employees
| 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 |
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 | $1,204,377 |
| 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 |
Peer Organizations
| 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 |