Totals
- Total revenue
- $414,000
- Total expenses
- $349,894
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $414,000
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $3,771,937
- Net assets or fund balances, end of year
- -$3,771,937
- 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.
-
2a · Program service revenue: MEMBERSHIP DUES
total $414,000 · related or exempt $414,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $101,675
-
7 · Other salaries and wages
total $16,981
-
9 · Other employee benefits
total $26,086
-
10 · Payroll taxes
total $6,401
-
11b · Fees: legal
total $85,000
-
11c · Fees: accounting
total $4,350
-
13 · Office expenses
total $1,377
-
16 · Occupancy
total $23,279
-
17 · Travel
total $103
-
19 · Conferences, conventions and meetings
total $21,157
-
24a · Other expenses: ADMINISTRATIVE EXPENSES
total $52,919
-
24b · Other expenses: IN-HOUSE MEALS
total $10,131
-
24e · All other expenses
total $435
Balance sheet
Part X, book values.
-
4 · Accounts receivable
beginning of year $13,000
-
17 · Accounts payable and accrued expenses
beginning of year $25,145 · end of year $30,000
-
19 · Deferred revenue
beginning of year $253,000 · end of year $46,000
-
25 · Other liabilities
beginning of year $3,570,898 · end of year $3,695,937
-
27 · Net assets without donor restrictions
beginning of year -$3,836,043 · end of year -$3,771,937
Mission and programs · 2022
Mission
SEE SCHEDULE OTHE ABA SECURITIES ASSOCIATION (ABASA) IS A SEPARATELY CHARTERED TRADE ASSOCIATION AND NON-PROFIT SUBSIDIARY OF THE AMERICAN BANKERS ASSOCIATION WHOSE MISSION IS TO REPRESENT THE INTERESTS OF BANKS UNDERWRITING AND DEALING IN SECURITIES, PROPRIETARY MUTUAL FUNDS AND DERIVATIVES BEFORE CONGRESS AND THE FEDERAL GOVERNMENT. ABASA MEMBERS ARE LARGE FINANCIAL INSTITUTIONS WITH SIGNIFICANT CAPITAL MARKETS BUSINESSES.
Activities or mission (Part I)
REPRESENTS BANKS DEALING WITH SECURITIES BEFORE CONGRESS AND STATES.
-
ABASA REPRESENTS THE INTERESTS OF BANKS UNDERWRITING AND DEALING IN SECURITIES, PROPRIETARY MUTUAL FUNDS, AND DERIVATIVES BEFORE CONGRESS, AND FEDERAL AND STATE GOVERNMENTS. ABASA SUPPORTS BANK SECURITIES OPERATIONS THROUGH RESEARCH, EDUCATION, COMPLIANCE ASSISTANCE AND 'PEER GROUP' OPPORTUNITIES.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Stephen PhilipsonSTEPHEN PHILIPSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Robert MunseyROBERT MUNSEY
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey T BrownJEFFREY T BROWN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca CroweREBECCA CROWE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Per DyrvikPER DYRVIK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John GreggJOHN GREGG
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steve KikerSTEVE KIKER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William L Kuhn IVWILLIAM L KUHN IV
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charlotte B McLaughlinCHARLOTTE B MCLAUGHLIN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew MilcetichMATTHEW MILCETICH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel MorganDANIEL MORGAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Peter PhelanPETER PHELAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Douglas W PreiserDOUGLAS W PREISER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brad A RothbaumBRAD A ROTHBAUM
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
C Kyle RussC KYLE RUSS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kevin W StoneKEVIN W STONE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hiren ThadaniHIREN THADANI
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bob TullBOB TULL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ananda RadhakrishnanANANDA RADHAKRISHNAN
TREASURER & EXECUTIVE DIRECTOR
- Total calculated
- $297,148
- From this org
- $0
- From related orgs
- $257,680
- Other
- $39,468
- Hours/week
- 7.5 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $237,363 related
- Bonus
- $0 + $16,160 related
- Other
- $0 + $4,157 related
- Deferred
- $0 + $30,445 related
- Nontaxable benefits
- $0 + $9,023 related
- Filer's total
- $0 + $297,148 related
-
Justin M UnderwoodJUSTIN M UNDERWOOD
TREASURER & EXEC DIR. THRU 09/22
- Total calculated
- $171,517
- From this org
- $0
- From related orgs
- $152,468
- Other
- $19,049
- Hours/week
- 7.5 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $136,688 related
- Bonus
- $0
- Other
- $0 + $15,780 related
- Deferred
- $0 + $18,146 related
- Nontaxable benefits
- $0 + $903 related
- Filer's total
- $0 + $171,517 related
-
Karin Petersen FlynnKARIN PETERSEN FLYNN
CHIEF FINANCIAL OFFICER
- Total calculated
- $751,774
- From this org
- $0
- From related orgs
- $648,376
- Other
- $103,398
- Hours/week
- 1 + 36.5 related
Schedule J breakdown matched by us
- Base
- $0 + $488,625 related
- Bonus
- $0 + $148,000 related
- Other
- $0 + $11,751 related
- Deferred
- $0 + $77,148 related
- Nontaxable benefits
- $0 + $26,250 related
- Filer's total
- $0 + $751,774 related
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 4B
- THE AMERICAN BANKERS ASSOCIATION, A RELATED ORGANIZATION, PROVIDES NON-QUALIFIED RETIREMENT BENEFITS TO THE EXECUTIVE LEADERSHIP DESIGNED AS BENEFIT RESTORATION. KARIN PETERSEN FLYNN PARTICIPATED IN SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN WITH ACCRUED PRESENT VALUE ESTIMATED BENEFITS FOR THE YEAR: $40,548.
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.
-
ABA COMMUNITY ENGAGEMENT FOUNDATION
501(C)(3) · EDUCATION · DC
Directly controlled by AMERICAN BANKERS ASSOCIATION
-
501(C)(6) · BANKING MEMBERSHIP · DC
-
501(C)(6) · EDUCATION & ADVOCACY · DE
Directly controlled by AMERICAN BANKERS ASSOCIATION
-
INTERNATIONAL MONETARY CONFERENCE
501(C)(6) · INTERNATIONAL BANKING MEMBERSHIP ORGANIZATION · DC
Directly controlled by AMERICAN BANKERS ASSOCIATION
-
JEFFREY AND DIANA OWEN SCHOLARSHIP FOR EMERGING COMMUNITY BANK LEADERS INC
501(C)(3) · EDUCATIONAL ACTIVITIES · DC
Directly controlled by AMERICAN BANKERS ASSOCIATION
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.
-
ABA CARD SOLUTIONS INC
C · BUSINESS SERVICES · DE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431949349301528
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.