Form 990 for tax year 2022
Filed by ALABAMA BANKERS ASSOCIATION INC.
Totals
- Total revenue
- $4,156,491
- Total expenses
- $3,842,941
- Contributions and grants received
- $219,233
- Grants paid
- $4,000
- Program service revenue
- $3,605,469
- Investment income
- -$1,444
- Other revenue
- $333,233
- Total assets, end of year
- $4,247,389
- Total liabilities, end of year
- $1,852,208
- Net assets or fund balances, end of year
- $2,395,181
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$29,163
-
1e · Government grants (contributions)
$190,070
-
1g · Noncash contributions included above
$8,188
-
2a · Program service revenue: MEMBERSHIP DUES
total $1,336,739 · related or exempt $1,336,739
-
2b · Program service revenue: CONVENTIONS
total $1,090,779 · related or exempt $1,090,779
-
2c · Program service revenue: SCHOOLS AND SEMINARS
total $1,037,840 · related or exempt $1,037,840
-
2d · Program service revenue: ADVERTISING
total $81,073 · unrelated business $81,073
-
2e · Program service revenue: TRUST DIVISION
total $37,420 · related or exempt $37,420
-
2f · All other program service revenue
total $21,618 · related or exempt $21,618
-
3 · Investment income
total $3,149 · excluded $3,149
-
5 · Royalties
total $44,956 · excluded $44,956
-
7b · Less cost or other basis and sales expenses
other assets $4,593
-
7c · Gain or loss
other assets -$4,593
-
7d · Net gain or loss
total -$4,593 · excluded -$4,593
-
8a · Fundraising events: gross income
$14,477
-
8a · Fundraising events: contributions included on line 1c
$29,163
-
8b · Fundraising events: direct expenses
$17,135
-
8c · Net income from fundraising events
total -$2,658 · excluded -$2,658
-
11a · Other revenue: MANAGEMENT FEES
total $240,783 · related or exempt $240,783
-
11b · Other revenue: MISCELLANEOUS
total $50,152 · excluded $50,152
-
11e · Other revenue, total
$290,935
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,000
-
5 · Compensation of officers, directors and key employees
total $588,507
-
7 · Other salaries and wages
total $962,375
-
8 · Pension plan contributions
total $66,721
-
9 · Other employee benefits
total $105,448
-
10 · Payroll taxes
total $85,525
-
11b · Fees: legal
total $18,442
-
11c · Fees: accounting
total $20,745
-
11d · Fees: lobbying
total $77,801
-
11g · Fees: other
total $46,907
-
13 · Office expenses
total $158,467
-
14 · Information technology
total $72,156
-
16 · Occupancy
total $27,033
-
17 · Travel
total $45,972
-
19 · Conferences, conventions and meetings
total $956,084
-
20 · Interest
total $11,494
-
22 · Depreciation, depletion and amortization
total $303,137
-
23 · Insurance
total $14,604
-
24a · Other expenses: BANKERS 2 LEADERS EXPEN
total $192,510
-
24b · Other expenses: GIFTS
total $37,768
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $25,392
-
24d · Other expenses: TRUST DIVISION EXPENSES
total $11,896
-
24e · All other expenses
total $9,957
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,181,406 · end of year $2,304,152
-
2 · Savings and temporary cash investments
beginning of year $689,168 · end of year $500,059
-
4 · Accounts receivable
beginning of year $66,727 · end of year $127,206
-
9 · Prepaid expenses and deferred charges
beginning of year $96,490 · end of year $119,545
-
10a · Land, buildings and equipment: cost or other basis
$1,012,376
-
10b · Land, buildings and equipment: accumulated depreciation
$757,840
-
10c · Land, buildings and equipment, net
beginning of year $245,971 · end of year $254,536
-
12 · Investments: other securities
beginning of year $226,013 · end of year $216,206
-
15 · Other assets
beginning of year $0 · end of year $725,685
-
17 · Accounts payable and accrued expenses
beginning of year $195,208 · end of year $59,542
-
19 · Deferred revenue
beginning of year $1,219,130 · end of year $1,025,164
-
25 · Other liabilities
beginning of year $0 · end of year $767,502
-
27 · Net assets without donor restrictions
beginning of year $2,075,199 · end of year $2,378,943
-
28 · Net assets with donor restrictions
beginning of year $16,238 · end of year $16,238
Mission and programs · 2022
Mission
TO PROMOTE THE PRESERVATION AND CONTINUED DEVELOPMENT OF COMMERCIAL BANKING IN ALABAMA.
-
EDUCATIONAL PROGRAMS: BANKING SCHOOL AND SEMINARS FOR THE ENHANCEMENT OF BANKER'S SKILL AND KNOWLEDGE IN COMMERCIAL BANKING
-
MEMBER SERVICES: CONVENTIONS, MEETINGS, AND OTHER EXPENSES PROMOTING INTEREST IN THE COMMERCIAL BANKING INDUSTRY AND LEGISLATIVE AFFAIRS
-
PUBLICATIONS: NEWSLETTER AND MAGAZINE PROMOTING COMMERCIAL BANKING AND PROVIDED CONTINUED EDUCATION ON COMMERCIAL BANKING
As filed on the 2022 return.
Listed in Part VII
-
Steve Smith - Southpoint BankSTEVE SMITH - SOUTHPOINT BANK
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Hope JohnsonHOPE JOHNSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.4
-
Mike RossMIKE ROSS
CHAIRMAN-ELECT
- Total calculated
- $0
- Hours/week
- 0.4
-
Chris CarothersCHRIS CAROTHERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Robert DumasROBERT DUMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Dwight GambleDWIGHT GAMBLE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.4
-
Macke MauldinMACKE MAULDIN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.4
-
Rodney RushingRODNEY RUSHING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Jared KirbyJARED KIRBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Jeff KervinJEFF KERVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Shad WilliamsSHAD WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Robert KuhnROBERT KUHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
William MellownWILLIAM MELLOWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Steve FosterSTEVE FOSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Michael MorganMICHAEL MORGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Linwood McClainLINWOOD MCCLAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Richard WaltersRICHARD WALTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Charlie WilliamsCHARLIE WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
John BentleyJOHN BENTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Jason EppengerJASON EPPENGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Heyward GouldHEYWARD GOULD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
David LongDAVID LONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Steve Smith - 22nd BankSTEVE SMITH - 22ND BANK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Leroy AbrahamsLEROY ABRAHAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Leigh CollierLEIGH COLLIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Chris LattaCHRIS LATTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Nick WillisNICK WILLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Keith McCulloughKEITH MCCULLOUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Scott LathamSCOTT LATHAM
PRESIDENT & CEO
- Total calculated
- $588,508
- From this org
- $548,051
- From related orgs
- $0
- Other
- $40,457
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $350,000
- Bonus
- $50,000
- Other
- $148,051
- Deferred
- $21,000
- Nontaxable benefits
- $19,457
- Filer's total
- $588,508
-
Melissa GarrettMELISSA GARRETT
VICE-PRESIDENT OF ACCOUNTI
- Total calculated
- $144,972
- From this org
- $137,184
- From related orgs
- $0
- Other
- $7,788
- Hours/week
- 35
-
Janice CoxJANICE COX
SENIOR VICE-PRESIDENT
- Total calculated
- $301,023
- From this org
- $281,145
- From related orgs
- $0
- Other
- $19,878
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,500
- Bonus
- $30,000
- Other
- $80,645
- Deferred
- $10,230
- Nontaxable benefits
- $9,648
- Filer's total
- $301,023
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
BANKPAC
527 · POLITICAL ACTION COMMITTEE · AL · controlled entity
Directly controlled by ALABAMA BANKERS ASSOCIATION INC
-
ALABAMA BANKERS ASSOCIATION INC PAC
527 · POLITICAL ACTION COMMITTEE · AL · controlled entity
Directly controlled by ALABAMA BANKERS ASSOCIATION INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ALABAMA BANKING SERVICES
C · PROVIDE ENDORSEMENT SERVICES · AL · 100% owned · share of income $209,040 · share of assets $223,204 · controlled entity
Directly controlled by ALABAMA BANKERS ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 27 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302859349302065
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