American Bankers Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521001304 ✦ Washington, DC ✦ Designated as a 501(c)(6)

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

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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $7,590,010
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,604,506

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 President And Ceo of American Bankers Association. The CEO's salary of American Bankers Association is $3,276,632 and their total compensation is $3,651,732.


Official website here: www.aba.com

What is the revenue of American Bankers Association?

American Bankers Association's revenue in 2022 was $592,825,072.


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 2022 was $141,888. There are 389 employees and 1,200 volunteers at American Bankers Association.

Here are 37 key members and their salaries (American Bankers Association's CEO's salary is $3,276,632 and their total compensation is $3,651,732):

    Robert S Nichols (President And Ceo) [Trustee/Director]
  • Compensation: $3,276,632
  • Related: $0
  • Other: $375,100

    • Naomi Camper (Chief Policy Officer)
  • Compensation: $795,618
  • Related: $0
  • Other: $125,339

    • James Ballentine (Executive Vice President)
  • Compensation: $784,286
  • Related: $0
  • Other: $64,074

    • James G Edrington (Executive Vice President)
  • Compensation: $637,214
  • Related: $0
  • Other: $93,992

    • Jess Sharp (Executive Vice President)
  • Compensation: $657,144
  • Related: $0
  • Other: $64,300

    • Peter C Cook (Chief Communication Office)
  • Compensation: $535,759
  • Related: $0
  • Other: $90,952

    • Karin Petersen Flynn (Chief Financial Officer)
  • Compensation: $494,352
  • Related: $0
  • Other: $88,867

    • Alethia Baggett (Chief Hr Officer)
  • Compensation: $492,948
  • Related: $0
  • Other: $87,363

    • Thomas Pinder (Secretary)
  • Compensation: $484,839
  • Related: $0
  • Other: $45,926

    • Kenneth Clayton (Executive Vice President)
  • Compensation: $463,068
  • Related: $0
  • Other: $62,121

    • Virginia O'Neill (Evp, Regulatory Compliance Policy)
  • Compensation: $487,614
  • Related: $0
  • Other: $34,953

    • Paul Benda (Svp, Operational Risk & Cybersecurity)
  • Compensation: $420,466
  • Related: $0
  • Other: $44,141

    • Jeffrey Owen (Former Chief Operating Officer)
  • Compensation: $232,380
  • Related: $0
  • Other: $17,400

    • A Scott Anderson (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel D Robb (Chair Elect) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julieann M Thurlow (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louise A Walker (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James J Edwards Jr (Chair, Nominating Committee) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • J Duncan Campbell Iii (Chair, Aba/State Association Alliance) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fred L Green Iii (Vice Chair, Aba/State Association Alliance) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Catherine Owen (Chair, Government Relations Council) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Anderson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Asbury (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bryan D Bruns (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shan L Hanes (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kenneth Kelly (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James S Mahan Iii (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James J Mcquad (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David D Nelson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Piepszak (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • B Michael Rauh Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James A Reuter (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ira Robbins (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carissa Rodeheaver (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Sabin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael L Scudder (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel C Yates (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.aba.com

    Where can I find the form 990 for American Bankers Association?

    The American Bankers Association’s most recent form 990 was submitted in 2022 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.

    Impact

    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.




    Thursday, August 15, 2024

    The American Bankers Association plays a crucial role in the financial services industry by providing advocacy, education, and solutions to its members. Through conventions, conferences, schools, professional certifications, and remote learning opportunities, the ABA helps its members stay informed about the ever-changing regulatory landscape. This enables financial institutions to better serve their communities in compliance with the complex and challenging regulatory environment governing their operations. The ABA's impact is significant, as it supports its members in navigating regulatory requirements and enhancing their ability to provide essential financial services.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13,154,778
  • Program Service Revenue: $82,606,141
  • Gross Receipts: $598,351,121

    • Assets and Liabilities:
  • Total Assets: $708,168,992
  • Total Liabilities: $135,033,464
  • Net Assets: $573,135,528
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MEMBERSHIP DUES

    Revenue

    $44,674,715

    SCHOOLS & TRAINING

    Revenue

    $17,614,183

    CONFERENCES & CONVENTION

    Revenue

    $8,705,358

    PROFESSIONAL CERTIFICATIONS

    Revenue

    $4,935,702

    PUBLICATIONS & SUBSRCIPTIONS

    Revenue

    $868,653

    Organization Details

    Founding Year

    1875

    Principal Officer

    Robert S Nichols

    Main Address

    1333 NEW HAMPSHIRE AVE NW, WASHINGTON, DC, 20036

    NTEE Category

    Code: S41 - Community improvement

    If you are a representative of American Bankers Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.