Overview
What is Alabama Bankers Association Inc?
Alabama Bankers Association Inc, headquartered in Montgomery, Alabama, is a nonprofit organization dedicated to fostering the growth and advancement of commercial banking in the state. They achieve this mission by providing educational programs, such as banking schools and seminars, to enhance the skills and knowledge of bankers. With a team of 14 employees, their efforts aim to preserve and further develop commercial banking within Alabama, contributing to the financial well-being of the state.
Official website here: www.alabama.bank
Is Alabama Bankers Association Inc legitimate?
Alabama Bankers Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Alabama Bankers Association Inc 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: $618,436
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,038,681
For more financial information, click here
Official website here: www.alabama.bank
What is the mission statement of Alabama Bankers Association Inc?
The Alabama Bankers Association Inc's mission is centered around promoting the preservation and ongoing development of commercial banking in Alabama. This is achieved through various educational initiatives, such as banking schools and seminars, designed to enhance the skills and knowledge of bankers in the field of commercial banking. By doing so, the association aims to foster a robust and thriving banking sector within the state.
Official website here: www.alabama.bank
Who is the CEO of Alabama Bankers Association Inc?
Scott Latham is the CEO of Alabama Bankers Association Inc The CEO's salary of Alabama Bankers Association Inc is $575,206 and their total compensation is $618,436.
Official website here: www.alabama.bank
What is the revenue of Alabama Bankers Association Inc?
Alabama Bankers Association Inc's revenue in 2023 was $4,402,756.
Official website here: www.alabama.bank
Who are the executives of Alabama Bankers Association Inc and what are their salaries?
The average compensation at Alabama Bankers Association Inc during 2023 was $127,471. There are 13 employees and 29 volunteers at Alabama Bankers Association Inc.
Here are 32 key members and their salaries (Alabama Bankers Association Inc's CEO's salary is $575,206 and their total compensation is $618,436):
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- Other: $16,843
Official website here: www.alabama.bank
Where can I find the form 990 for Alabama Bankers Association Inc?
Alabama Bankers Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alabama.bank
Learn more at the official website: www.alabama.bank
Mission Statement of Alabama Bankers Association Inc
Alabama Bankers Association Inc, a notable organization, is dedicated to the preservation and ongoing development of commercial banking in the state. Their mission is centered around promoting and fostering the growth of this sector, aiming to enhance the skills and knowledge of bankers in the process. To achieve this, they offer educational programs such as banking schools and seminars. By doing so, they contribute to the continued success and evolution of commercial banking within Alabama.
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Impact
October, 2024
Alabama Bankers Association Inc plays a crucial role in the commercial banking landscape of Alabama, focusing on the preservation and continued development of the sector. Its efforts are directed towards enhancing the skills and knowledge of banking professionals through educational programs, including banking schools and seminars. This commitment fosters a culture of continuous learning and improvement within the industry, ultimately contributing to more effective banking practices and better service for customers.
By promoting education and skill enhancement, the association strengthens the banking community, ensuring that financial institutions can adapt to changing market conditions and customer needs. This not only supports individual bankers but also enhances the overall stability and growth of the commercial banking industry in Alabama. Through its initiatives, Alabama Bankers Association Inc impacts both the economic framework of the state and the quality of banking services available to its residents.
This information is meant to be a general summary of Alabama Bankers Association Inc. 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: $58,729
- Program Service Revenue: $3,978,519
- Gross Receipts: $4,422,299
Assets and Liabilities:
- Total Assets: $4,247,389
- Total Liabilities: $1,852,208
- Net Assets: $2,395,181
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,382,326
CONVENTIONS
Revenue
$1,259,759
SCHOOLS AND SEMINARS
Revenue
$1,235,994
ADVERTISING
Revenue
$68,435
TRUST DIVISION
Revenue
$32,005
Organization Details
Founding Year
1986
Principal Officer
Scott Latham
Website
www.alabama.bankNTEE Category
Code: S41 - Community improvement
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