Overview
What is American Bankers Association?
The American Bankers Association (ABA) is a nonprofit organization based in Washington, D.C. With a staff of 389, they provide a range of services aimed at advocacy, education, and business solutions for its members in the financial services industry. Given the complex and challenging regulatory environment, ABA offers numerous opportunities for members to stay informed and updated. These include in-person and virtual meetings, onsite schools, professional certifications, and remote learning through telephone briefings, webinars, and internet classes. Their mission is to be a member-focused organization that assists members in providing financial services to their communities in compliance with the ever-changing regulatory landscape.
Official website here: www.aba.com
What are the reviews and ratings of this charity?
The American Bankers Association (ABA) is not currently rated by Charity Navigator. This lack of rating is due to the organization's classification as a non-501(c)(3) nonprofit, which excludes it from evaluation under Charity Navigator's criteria for Accountability & Finance, Impact & Measurement, Leadership & Adaptability, and Culture & Community. The organization is an independent entity and does not fit into the foundation status required for a traditional charity evaluation.
Absence of a Charity Navigator rating does not reflect negatively on ABA. It merely indicates a current inability to apply Charity Navigator's evaluation metrics aimed at more conventional nonprofits. Data such as total revenue, expenses, and key personnel salaries are unavailable, further complicating the typical assessment procedures. Historical data primarily considered financial accountability but are outdated under new parameters for comprehensive evaluations.
Currently, there are no user reviews available for the American Bankers Association on GreatNonprofits. Hence, there is no community-provided insight into the organization's impact or user experience, limiting external perspectives on its activities or operations.
This AI summary has been generated from information found on Charity Navigator.
Is American Bankers Association legitimate?
American Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. American Bankers Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $8,400,213
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,354,612
For more financial information, click here
Official website here: www.aba.com
What is the mission statement of American Bankers Association?
The American Bankers Association is a member-focused organization that champions advocacy, education, and business solutions for its members within the financial services industry. Their mission is to help members comply with the intricate and challenging regulatory and statutory environment that governs their operations. By providing a platform for the exchange of views and information, the American Bankers Association assists its members in effectively delivering financial services to their communities.
Official website here: www.aba.com
Who is the CEO of American Bankers Association?
Robert S Nichols is the CEO of American Bankers Association The CEO's salary of American Bankers Association is $3,433,603 and their total compensation is $3,496,516.
Official website here: www.aba.com
What is the revenue of American Bankers Association?
American Bankers Association's revenue in 2023 was $150,659,083.
Official website here: www.aba.com
Who are the executives of American Bankers Association and what are their salaries?
The average compensation at American Bankers Association during 2023 was $153,811. There are 408 employees and 1200 volunteers at American Bankers Association.
Here are 40 key members and their salaries (American Bankers Association's CEO's salary is $3,433,603 and their total compensation is $3,496,516):
- Compensation: $3,433,603
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- Other: $62,913
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- Compensation: $648,376
- Related: $0
- Other: $103,398
- Compensation: $671,666
- Related: $0
- Other: $52,188
- Compensation: $827,288
- Related: $0
- Other: $126,166
- Compensation: $710,403
- Related: $0
- Other: $58,769
- Compensation: $635,287
- Related: $0
- Other: $59,552
- Compensation: $510,878
- Related: $0
- Other: $60,972
- Compensation: $379,500
- Related: $0
- Other: $59,254
- Compensation: $501,257
- Related: $0
- Other: $36,831
- Compensation: $680,726
- Related: $0
- Other: $62,853
- Compensation: $433,146
- Related: $0
- Other: $52,047
- Compensation: $433,730
- Related: $0
- Other: $62,869
- Compensation: $416,165
- Related: $0
- Other: $63,091
- Compensation: $232,380
- Related: $0
- Other: $0
- Compensation: $607,541
- Related: $0
- Other: $4,108
- Compensation: $642,307
- Related: $0
- Other: $65,567
Official website here: www.aba.com
Where can I find the form 990 for American Bankers Association?
American Bankers Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aba.com
Learn more at the official website: www.aba.com
Mission Statement of American Bankers Association
The American Bankers Association (ABA) is a member-focused organization dedicated to providing advocacy, education, business solutions, and forums for the exchange of views and information to its members and the financial services industry. In simpler terms, the ABA serves as a supportive network for banks and financial institutions, helping them navigate the intricate and challenging regulatory and statutory environment that governs their operations.
The ABA's mission is geared towards ensuring that its members are well-equipped to offer financial services to their communities in compliance with the law. By advocating on their behalf, the ABA safeguards the interests of banks and financial institutions, enabling them to serve their clients more effectively. Furthermore, the ABA offers educational resources that keep its members informed about the latest industry trends, best practices, and regulatory requirements.
In essence, the American Bankers Association functions as a trusted ally and resource for banks and financial institutions, empowering them to remain compliant, innovative, and responsive to the evolving financial landscape.
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Impact
October, 2024
The American Bankers Association (ABA) plays a crucial role in shaping the financial services landscape. By offering advocacy, education, and solutions, it helps its members navigate the complexities of a highly regulated industry.
The ABA hosts conventions, conferences, and various educational programs designed to keep financial professionals informed about evolving regulations and industry standards. Through in-person meetings and virtual learning opportunities like webinars and online classes, the organization ensures that members have access to the latest insights and training needed for compliance and operational excellence.
Moreover, the ABA serves as a forum for the exchange of ideas and best practices, fostering collaboration and community improvement among its members. By advocating on behalf of the banking sector, the ABA strengthens the industry's voice in the regulatory sphere and enhances the ability of its members to better serve their communities. Overall, the ABA's commitment to education and advocacy significantly impacts the effectiveness and integrity of the financial services industry.
This information is meant to be a general summary of American Bankers Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $15,669,474
- Program Service Revenue: $93,310,304
- Gross Receipts: $164,312,592
Assets and Liabilities:
- Total Assets: $708,168,992
- Total Liabilities: $135,033,464
- Net Assets: $573,135,528
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$47,524,933
SCHOOLS & TRAINING
Revenue
$19,845,093
CONFERENCES & CONVENTION
Revenue
$13,199,009
PROFESSIONAL CERTIFICATIONS
Revenue
$5,198,863
PUBLICATIONS & SUBSRCIPTIONS
Revenue
$703,887
Organization Details
Founding Year
1875
Principal Officer
Robert S Nichols
Website
www.aba.comNTEE Category
Code: S41 - Community improvement
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