Western Bankers Association
- Assets
- $18.5m
- Revenue
- $6.2m
- Investments
- $864.7k
- Employees
- 21
- Location
- Sacramento, CA
- Founding
- 09/1942
- Data as of
- 12/2021
- EIN
- 94-0356160
Organization Overview
Western 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 12/2021, Western Bankers Association employed 21 individuals. This organization is the central organization for a national or regional group of organizations. Western 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, Western Bankers Association generated $6.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) 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
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 GOVERNMENT AND PUBLIC AFFAIRS 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.
BOARD AND OTHER COMMITTEES - THIS CLASSIFICATION INCLUDES EXPENSES INCURRED BY MEMBERS OF THE BOARD OF DIRECTORS AND MEMBERS OF VARIOUS COMMITTEES OF THE BOARD THAT DEVELOP RECOMMENDATIONS RELATIVE TO SALARIES, OCCUPANCY, FINANCES, AND INDUSTRY ISSUES.
THE MEETINGS AND PROGRAMS 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 THE HOLDING OF CONFERENCES, SEMINARS, AND WORKSHOPS OF INTEREST AND BENEFIT TO MEMBERS OF THE ASSOCIATION. APROXIMATELY 1,450 BANKERS ATTENDED SEMINARS, WORKSHOPS, CONFERENCES, AND COURSES.
THE REGIONS GROUP IS CONCERNED WITH MAINTAINING A LIAISON WITH THE VARIOUS COMMITTEES OF THE ASSOCIATION ASSISTING THEM WITH THEIR ACTIVITIES AND MAKING RECOMMENDATIONS CONCERING THE EDUCATIONAL AND INFORMATIONAL NEEDS OF THE ASSOCIATION MEMBERS. THE ACTIVITIES OF THE REGIONS ARE TO BE DIRECTED TOWARDS THE SUPPORT OF THE ASSOCIATION SPECIFICALLY IN THE AREAS OF LEGISLATION, EDUCATION, INFORMATION, AND PEER GROUP ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen G Andrews Chief Executive Officer | Officer | 39 | $551,414 |
Kevin Gould Svp, Dir Of Government Relations | 40 | $293,828 | |
Maurine Padden Chief Operating Officer | Officer | 40 | $250,216 |
Jason Lane Deputy Director Of Govt Relations | 40 | $208,910 | |
Michael Webb Assistant General Legal Counsel | 40 | $197,535 | |
Bethany Mills Svp, Dir Of Communications | 40 | $197,198 |
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 | $4,832,891 |
| Investment income | $286,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $84,799 |
| Net Rental Income | $14,560 |
| Net Gain/Loss on Asset Sales | $936,710 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,155,334 |
| 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. | $1,045,762 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,798,596 |
| Pension plan accruals and contributions | $173,766 |
| Other employee benefits | $968,132 |
| Payroll taxes | $193,805 |
| Fees for services: Management | $53,880 |
| Fees for services: Legal | $63,833 |
| Fees for services: Accounting | $39,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,171 |
| Fees for services: Other | $152,177 |
| Advertising and promotion | $0 |
| Office expenses | $208,395 |
| Information technology | $165,438 |
| Royalties | $0 |
| Occupancy | $292,224 |
| Travel | $26,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $350,157 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,822 |
| Insurance | $0 |
| All other expenses | $3,510 |
| Total functional expenses | $5,835,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $3,358,860 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,585 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,713 |
| Prepaid expenses and deferred charges | $780,416 |
| Net Land, buildings, and equipment | $100,851 |
| Investments—publicly traded securities | $13,199,812 |
| Investments—other securities | $864,712 |
| Investments—program-related | $0 |
| Intangible assets | $120,451 |
| Other assets | $0 |
| Total assets | $18,492,900 |
| Accounts payable and accrued expenses | $1,404,975 |
| Grants payable | $0 |
| Deferred revenue | $1,707,684 |
| 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 | $6,819 |
| Total liabilities | $3,119,478 |
| Net assets without donor restrictions | $15,373,422 |
| 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 | $18,492,900 |
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|---|---|---|
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Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
California Society Of Certified Public Accountants Burlingame, CA | $29,880,424 | $13,544,885 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Sustainable Apparel Coalition Inc Oakland, CA | $12,069,125 | $10,210,019 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
California Certified Public Accountants Foundation Burlingame, CA | $12,236,942 | $9,436,468 |
California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |