Form 990 for tax year 2023
Filed by ALABAMA BANKERS ASSOCIATION INC.
Totals
- Total revenue
- $4,402,756
- Total expenses
- $4,249,750
- Contributions and grants received
- $22,750
- Grants paid
- $4,000
- Program service revenue
- $3,978,519
- Investment income
- $57,935
- Other revenue
- $343,552
- Total assets, end of year
- $4,175,563
- Total liabilities, end of year
- $1,670,423
- Net assets or fund balances, end of year
- $2,505,140
- Program services expenses (Part IX)
- $4,249,750
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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
$22,750
-
1g · Noncash contributions included above
$18,147
-
2a · Program service revenue: MEMBERSHIP DUES
total $1,382,326 · related or exempt $1,382,326
-
2b · Program service revenue: CONVENTIONS
total $1,259,759 · related or exempt $1,259,759
-
2c · Program service revenue: SCHOOLS AND SEMINARS
total $1,235,994 · related or exempt $1,235,994
-
2d · Program service revenue: ADVERTISING
total $68,435 · unrelated business $68,435
-
2e · Program service revenue: TRUST DIVISION
total $32,005 · related or exempt $32,005
-
3 · Investment income
total $58,729 · excluded $58,729
-
5 · Royalties
total $43,351 · excluded $43,351
-
6a · Gross rents
real property $16,404
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $16,404
-
6d · Net rental income or loss
total $16,404 · excluded $16,404
-
7a · Gross sales of assets other than inventory
other assets $150
-
7b · Less cost or other basis and sales expenses
other assets $944
-
7c · Gain or loss
other assets -$794
-
7d · Net gain or loss
total -$794 · excluded -$794
-
8a · Fundraising events: gross income
$34,595
-
8a · Fundraising events: contributions included on line 1c
$22,750
-
8b · Fundraising events: direct expenses
$18,599
-
8c · Net income from fundraising events
total $15,996 · excluded $15,996
-
10a · Gross sales of inventory
$5,450
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $5,450 · excluded $5,450
-
11a · Other revenue: MANAGEMENT FEES
total $246,616 · related or exempt $246,616
-
11b · Other revenue: MISCELLANEOUS INCOME
total $15,735 · related or exempt $15,735
-
11e · Other revenue, total
$262,351
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,000 · program services $4,000
-
5 · Compensation of officers, directors and key employees
total $618,436 · program services $618,436
-
7 · Other salaries and wages
total $1,038,681 · program services $1,038,681
-
8 · Pension plan contributions
total $92,284 · program services $92,284
-
9 · Other employee benefits
total $130,415 · program services $130,415
-
10 · Payroll taxes
total $95,277 · program services $95,277
-
11b · Fees: legal
total $8,577 · program services $8,577
-
11c · Fees: accounting
total $22,800 · program services $22,800
-
11d · Fees: lobbying
total $96,980 · program services $96,980
-
11g · Fees: other
total $23,300 · program services $23,300
-
12 · Advertising and promotion
total $21,762 · program services $21,762
-
13 · Office expenses
total $111,221 · program services $111,221
-
14 · Information technology
total $80,893 · program services $80,893
-
16 · Occupancy
total $31,491 · program services $31,491
-
17 · Travel
total $41,223 · program services $41,223
-
19 · Conferences, conventions and meetings
total $1,171,552 · program services $1,171,552
-
20 · Interest
total $9,069 · program services $9,069
-
22 · Depreciation, depletion and amortization
total $296,393 · program services $296,393
-
23 · Insurance
total $37,263 · program services $37,263
-
24a · Other expenses: BANKERS 2 LEADERS EXPEN
total $217,846 · program services $217,846
-
24b · Other expenses: GIFTS AND AWARDS
total $41,308 · program services $41,308
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $27,735 · program services $27,735
-
24d · Other expenses: TRUST DIVISION EXPENSES
total $13,676 · program services $13,676
-
24e · All other expenses
total $17,568 · program services $17,568
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,304,152 · end of year $1,271,560
-
2 · Savings and temporary cash investments
beginning of year $500,059 · end of year $1,755,074
-
4 · Accounts receivable
beginning of year $127,206 · end of year $85,089
-
9 · Prepaid expenses and deferred charges
beginning of year $119,545 · end of year $200,687
-
10a · Land, buildings and equipment: cost or other basis
$1,017,021
-
10b · Land, buildings and equipment: accumulated depreciation
$875,158
-
10c · Land, buildings and equipment, net
beginning of year $254,536 · end of year $141,863
-
12 · Investments: other securities
beginning of year $216,206 · end of year $173,161
-
15 · Other assets
beginning of year $725,685 · end of year $548,129
-
17 · Accounts payable and accrued expenses
beginning of year $59,542 · end of year $155,341
-
19 · Deferred revenue
beginning of year $1,025,164 · end of year $931,918
-
25 · Other liabilities
beginning of year $767,502 · end of year $583,164
-
27 · Net assets without donor restrictions
beginning of year $2,378,943 · end of year $2,489,902
-
28 · Net assets with donor restrictions
beginning of year $16,238 · end of year $15,238
Mission and programs · 2023
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 COMMERICAL BANKING INDUSTRY AND LEGISLATIVE AFFAIRS.
-
PUBLICATIONS: NEWSLETTER AND MAGAZINE PROMOTING COMMERCIAL BANKING AND PROVIDED CONTINUED EDUCATION ON COMMERCIAL BANKING.
As filed on the 2023 return.
Listed in Part VII
-
Mike RossMIKE ROSS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Hope JohnsonHOPE JOHNSON
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.4
-
Macke MauldinMACKE MAULDIN
CHAIRMAN-ELECT
- Total calculated
- $0
- Hours/week
- 0.4
-
Charlie WilliamsCHARLIE WILLIAMS
TREASURER
- Total calculated
- $0
- Hours/week
- 0.4
-
Dwight GambleDWIGHT GAMBLE
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.4
-
Leroy AbrahamsLEROY ABRAHAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
John BentleyJOHN BENTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Chris CarothersCHRIS CAROTHERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Lisa CochranLISA COCHRAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Leigh CollierLEIGH COLLIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Jason DoroughJASON DOROUGH
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
-
Gary HolemonGARY HOLEMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Jeff KervinJEFF KERVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Robert KuhnROBERT KUHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Chris LattaCHRIS LATTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
David LongDAVID LONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Linwood McClainLINWOOD MCCLAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
William MellownWILLIAM MELLOWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Michael MorganMICHAEL MORGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Matthew PopeMATTHEW POPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Rodney RushingRODNEY RUSHING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Steve SmithSTEVE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Mike VincentMIKE VINCENT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Richard WaltersRICHARD WALTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Nick WillisNICK WILLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Shad WilliamsSHAD WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Scott LathamSCOTT LATHAM
PRESIDENT & CEO
- Total calculated
- $618,436
- From this org
- $575,206
- From related orgs
- $0
- Other
- $43,230
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $380,000
- Bonus
- $50,000
- Other
- $145,206
- Deferred
- $22,800
- Nontaxable benefits
- $20,430
- Filer's total
- $618,436
-
Janice CoxJANICE COX
SENIOR VICE PRESIDENT
- Total calculated
- $302,621
- From this org
- $280,474
- From related orgs
- $0
- Other
- $22,147
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,000
- Bonus
- $30,000
- Other
- $70,474
- Deferred
- $10,800
- Nontaxable benefits
- $11,347
- Filer's total
- $302,621
-
Melissa GarrettMELISSA GARRETT
VICE PRESIDENT OF ACCOUNTING
- Total calculated
- $146,711
- From this org
- $136,904
- From related orgs
- $0
- Other
- $9,807
- Hours/week
- 35
-
Elizabeth BaileyELIZABETH BAILEY
VP OF PROFESSIONAL DEVELOPMENT
- Total calculated
- $122,579
- From this org
- $105,736
- From related orgs
- $0
- Other
- $16,843
- Hours/week
- 40
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 INC
C · PROVIDE ENDORSEMENT SERVICES · AL · 100% owned · share of income -$46,173 · share of assets $205,101 · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423189349305412
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