Overview
What is American Bankers Association Community Engagement Foundation?
The American Bankers Association Community Engagement Foundation, based in Washington D.C., is a 501(c)3 nonprofit organization dedicated to improving communities by empowering banks and bankers. Through leadership, partnerships, and national programs, the foundation supports financial education for individuals of all ages, addresses affordable housing and community development issues, and works towards achieving corporate social responsibility objectives to enhance the well-being of their customers and communities. One of their notable programs is Safe Banking for Seniors (SBFS), which equips bankers with tools and resources to combat elder financial abuse and exploitation. The foundation's mission is to make communities better, and it achieves this by fostering strong partnerships and implementing impactful initiatives.
Official website here: www.aba.com
Is American Bankers Association Community Engagement Foundation legitimate?
American Bankers Association Community Engagement Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Bankers Association Community Engagement Foundation 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: $22,678
Professional Fundraising Fees: $0
Other Salaries and Wages: $290,827
For more financial information, click here
Official website here: www.aba.com
What is the mission statement of American Bankers Association Community Engagement Foundation?
The American Bankers Association Community Engagement Foundation, a 501(c)3 corporation, works towards enhancing communities by empowering banks and bankers. They accomplish this through leadership, partnerships, and national programs. The foundation plays a crucial role in providing financial education to individuals of all ages, addressing affordable housing and community development issues, and promoting corporate social responsibility. By doing so, they aim to improve the well-being of their customers and the communities they serve.
Official website here: www.aba.com
What is the revenue of American Bankers Association Community Engagement Foundation?
American Bankers Association Community Engagement Foundation's revenue in 2023 was $1,039,797.
Official website here: www.aba.com
Who are the executives of American Bankers Association Community Engagement Foundation and what are their salaries?
There 1500 volunteers at American Bankers Association Community Engagement Foundation.
Here are 21 key members and their salaries:
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- Related: $150,443
- Other: $19,225
Official website here: www.aba.com
Where can I find the form 990 for American Bankers Association Community Engagement Foundation?
American Bankers Association Community Engagement Foundation'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 Community Engagement Foundation
The American Bankers Association Community Engagement Foundation is a 501(c)3 corporation committed to enhancing the communities served by banks and bankers. Through its leadership, partnerships, and national programs, the Foundation empowers bankers to contribute positively to their communities. The organization's mission is centered around providing financial education to individuals of all ages, advocating for affordable housing and community development, and working towards corporate social responsibility objectives. By doing so, the Foundation aims to improve the well-being of their customers and the communities they operate in. The American Bankers Association Community Engagement Foundation encourages banks and bankers to engage in activities that promote community improvement, fostering a more inclusive and prosperous society.
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Impact
October, 2024
The American Bankers Association Community Engagement Foundation enhances community well-being by empowering banks and bankers to implement impactful initiatives. Through leadership, partnerships, and national programs, it fosters financial education across all ages and addresses critical issues like affordable housing and community development.
One of its key programs, Safe Banking for Seniors, equips bankers with essential tools and resources to help older adults, their families, and caregivers combat financial abuse and exploitation. This initiative not only protects vulnerable populations but also raises awareness about elder financial abuse, reinforcing the banking sector's role in safeguarding community members.
By supporting corporate social responsibility objectives, the Foundation drives sustainable improvements in communities, helping financial institutions contribute meaningfully to the social fabric around them. Through these efforts, it cultivates a stronger, more informed, and resilient community.
This information is meant to be a general summary of American Bankers Association Community Engagement Foundation. 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: $189,698
- Program Service Revenue: $325,000
- Gross Receipts: $1,747,723
Assets and Liabilities:
- Total Assets: $8,097,613
- Total Liabilities: $112,516
- Net Assets: $7,985,097
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SAFE BANKING FOR SENIORS
Revenue
$150,000
TEACH CHILDREN TO SAVE
Revenue
$100,000
OTHER PROGRAM SERVICE REVENUE
Revenue
$75,000
Organization Details
Founding Year
2004
Principal Officer
Peter Cook
Website
www.aba.comNTEE Category
Code: S194 - Community improvement
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