2026-07-15T09:47:19-05:00 2025-08-31 410746749 CLIFTONLARSONALLEN 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2024-09-01 521001304 AMERICAN BANKERS ASSOCIATION AMER 2026635054 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 KARIN PETERSEN FLYNN CFAO 2026635054 2026-07-15 1 1 AMY CHAPMAN P00843460 5712279500 2026-07-14 2024 2025-03-06 01:10:19Z ROBERT S NICHOLS 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 327213081 0 X WWW.ABA.COM X 1875 DC PROVIDE ADVOCACY, EDUCATION, & SOLUTIONS TO ITS MEMBERS AND THE FINANCIAL SERVICES INDUSTRY. 25 24 416 1200 938547 207233 3291201 3700802 96493497 95704397 31486288 28835093 44149619 47897468 175420605 176137760 206846 532880 0 0 83118821 91540666 0 0 0 65783451 76852923 149109118 168926469 26311487 7211291 903374225 958402157 182879576 194173251 720494649 764228906 X SEE SCHEDULE OTHE ABA'S MISSION IS TO BE A MEMBER-FOCUSED ORGANIZATION THAT PROVIDES ADVOCACY, EDUCATION, BUSINESS SOLUTIONS, AND FORUMS FOR AN EXCHANGE OF VIEWS AND INFORMATION THAT ASSISTS OUR MEMBERS IN PROVIDING FINANCIAL SERVICES TO THEIR COMMUNITIES IN COMPLIANCE WITH THE COMPLEX AND CHALLENGING REGULATORY AND STATUTORY ENVIRONMENT THAT GOVERNS THEIR OPERATIONS. 0 0 CONVENTION, CONFERENCES, SCHOOLS, PROFESSIONAL CERTIFICATIONS AND REMOTE LEARNING OPPORTUNITIES:THE FINANCIAL SERVICES INDUSTRY IS A HIGHLY REGULATED INDUSTRY THAT REQUIRES CONSTANT EDUCATION ON THE CHANGING RULES INCLUDING NEW OR ENHANCED REGULATION, SUPERVISION AND OVERSIGHT. ABA OFFERS OPPORTUNITIES FOR GAINING INSIGHT AND GREATER UNDERSTANDING THROUGH IN-PERSON AND VIRTUAL MEETINGS, ONSITE SCHOOLS, CERTIFICATIONS AND AT-THE-DESK OFFERINGS INCLUDING WEBINARS AND INTERNET CLASSES. MEMBERSHIP RELATIONS AND COMMUNICATIONS:ABA OUTREACHES TO ITS MEMBERSHIP THROUGH A NUMBER OF COMMUNICATION TOOLS INCLUDING DAILY EMAIL NEWS, WEEKLY SUMMARIES, ITS WEBSITE, AND BRIEFINGS ON THE CHANGING ADVOCACY AND REGULATORY ISSUES. THESE EFFORTS FACILITATE THE DEVELOPMENT OF ABA'S POLICY POSITIONS AND PROVIDE THE MEMBERSHIP AND OTHERS WITH THE BACKGROUND AND TOOLS FOR FURTHER USE IN THEIR LOCAL COMMUNITIES. PUBLICATIONS, PRODUCTS AND SERVICES:THE ABA OFFERS BOOKS, TOOL KITS, SEVERAL MAGAZINES, E-BULLETINS, AND A VARIETY OF PRODUCTS AND SERVICES IN AN EFFORT TO EDUCATE AND FACILITATE THE CONTINUED COMPLIANCE AND COMPETITIVENESS OF THE INDUSTRY IT SERVES. 0 1 1 1 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 340 0 1 416 1 1 1 0 0 0 1 1 0 1 0 X 25 24 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X LIA FORDJOUR 2026635384 1333 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20036 ROBERT S NICHOLS PRESIDENT AND CEO 36.50 1.00 X X 4148530 0 90822 JOHN C ASBURY CHAIR 1.00 0.00 X X 0 0 0 CATHERINE OWEN VICE CHAIR 1.00 0.00 X X 0 0 0 KENNETH KELLY CHAIR ELECT 1.00 0.00 X X 0 0 0 K WAYNE WICKER TREASURER 1.00 0.00 X X 0 0 0 JULIEANN M THURLOW CHAIR, NOMINATING COMMITTE 1.00 0.00 X 0 0 0 RICK CLAYBURGH CHAIR, ABA/STATE ASSOCIATIATION ALLIANCE 1.00 0.00 X 0 0 0 MICHAEL ADELMAN VICE CHAIR, ABA/STATE ASSOCIATION ALLIANCE 1.00 0.00 X 0 0 0 KENNETH W CLAYTON CHAIR, GOVERNMENT RELATIONS COUNCIL 1.00 0.00 X 0 0 0 MARY KAY BATES DIRECTOR 1.00 0.00 X 0 0 0 BRENT BEARDALL DIRECTOR 1.00 0.00 X 0 0 0 CHERYL D BOWERS DIRECTOR 1.00 0.00 X 0 0 0 JOHN R CIULLA DIRECTOR 1.00 0.00 X 0 0 0 SIMON CRUZ DIRECTOR 1.00 0.00 X 0 0 0 THOMAS J FRASER DIRECTOR 1.00 0.00 X 0 0 0 SALEEM IQBAL DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER T JONES DIRECTOR 1.00 0.00 X 0 0 0 MARIANNE LAKE DIRECTOR 1.00 0.00 X 0 0 0 GEORGE LEIS DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY MARSHALL DIRECTOR 1.00 0.00 X 0 0 0 CURTIS J MYERS DIRECTOR 1.00 0.00 X 0 0 0 LARRY W MYERS DIRECTOR 1.00 0.00 X 0 0 0 CHRISTIE HUBER OBENAUER DIRECTOR 1.00 0.00 X 0 0 0 DAVID OSBORN DIRECTOR 1.00 0.00 X 0 0 0 JAMES RYAN DIRECTOR 1.00 0.00 X 0 0 0 KARIN PETERSEN FLYNN CHEIF FINANCE & ADMIN OFFICER 33.50 4.00 X 656638 0 124160 JOANNA SHAPIRO CMEO UNTIL AUGUST 2025 37.50 0.00 X 477185 0 56413 NAOMI CAMPER CHIEF POLICY OFFICER 37.50 0.00 X 975690 0 91652 PETER C COOK CHIEF COMMUNICATION OFFICER 36.50 1.00 X 671513 0 83860 ALETHIA BAGGETT CHIEF HR OFFICER 37.50 0.00 X 582751 0 93216 THOMAS PINDER GENERAL COUNSEL & CORP. SECRETARY 37.50 0.00 X 630714 0 79177 LAENA F POMEROY CHIEF OF STAFF 37.50 0.00 X 449617 0 90801 VIRGINIA O'NEILL EVP, REGULATORY COMPLIANCE 37.50 0.00 X 589683 0 48329 JESS SHARP EXECUTIVE VICE PRESIDENT 37.50 0.00 X 699087 0 89822 KIRSTEN SUTTON EVP, CONGRESSIONAL RELATION 37.50 0.00 X 555391 0 67809 SAYEE SRINIVASAN CHIEF ECONOMIST 37.50 0.00 X 521700 0 87320 RUSSELL DAVIS EVP, MEMBER EXPERIENCE 37.50 0.00 X 585485 0 81333 11543984 0 1084714 252 0 1 0 JONES DAY 51 LOUISIANA AVENUE NW WASHINGTON DC 20001 LEGAL 7597867 NARRATIVE STRATEGIES LLC PO BOX 742335 LOS ANGELES CA 90074 CONSULTING 4964000 SULLIVAN & CROMWELL LLP 500 MONTGOMERY ST STE 260 ALEXANDRIA VA 22314 CONSULTING 1665501 WILLIAMS & CONNOLLY LLP 685 THIRD AVENUE 25TH FLOOR NEW YORK NY 10017 LEGAL 1400000 MARRISON & FOERSTER LLP 3050 K STREET NW SUITE 220 WASHINGTON DC 20007 CONSULTING 946038 44 3700802 3700802 MEMBERSHIP DUES 813910 47129740 47129740 SCHOOLS & TRAINING 813910 21235817 21230817 5000 CONFERENCES & CONVENTION 813910 14192667 8274264 5918403 ALL OTHER PROGRAMS 813910 6843159 5850112 938547 54500 PROFESSIONAL CERTIFICATIONS 813910 5733777 5733777 569237 555100 14137 95704397 19949326 19949326 47897468 47897468 159961088 151075321 8885767 8885767 8885767 176137760 88773810 938547 82724601 532880 9246586 64419140 7293767 5938742 4642431 18760659 112015 2682333 433506 10781140 3976045 1876904 8685215 1533403 4764021 4377709 13855394 1859195 593296 TAXES AND FEES 1378901 CORPORATE MEMBERSHIPS 575575 TRAINING COURSE CONTENT 510859 OVERHEAD ALLOCATION -971405 1068158 168926469 55599197 41078773 12357260 11081301 4713923 4803381 32286677 13578328 20929431 18708349 717450243 784669960 20910977 27561146 71413194 70499247 903374225 958402157 23873382 25167997 52809496 56592315 106196698 112412939 182879576 194173251 X 715419845 757198526 5074804 7030380 720494649 764228906 903374225 958402157 X 7211291 43631523 -7108557 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 337468 337468 337468 1 0 0 1 54181360 8260178 -5232331 3027847 7459129 -4431282 PART I-A, LINE 1: THE ORGANIZATION'S POLITICAL CAMPAIGN ACTIVITIES DURING THE TAX YEAR CONSISTED OF INDEPENDENT ADVERTISING CAMPAIGNS IN SUPPORT OF VARIOUS CANDIDATES FOR PUBLIC OFFICE. FOR LOBBY REPORTING WE ADDED AN ADDITIONAL $2,421,554 OF SERVICE MEMBERSHIPS, $887,302 OF VOTER EDUCATION FUND CONTRIBUTIONS AND $3,742,784 OF NON-DEDUCTIBLE SPECIAL ASSESSMENTS WHICH IS INCLUDED IN PART VIII, LINE 2F "ALL OTHER PROGRAM SERVICE FEE REVENUE". 543079451 53543897 596623348 459043517 84035934 543079451 429636638 29406879 459043517 1.00000 0.00000 0.00000 0 0 13761587 2433749 11327838 14887000 10220059 4666941 3638090 924520 2713570 18708349 RECEIVABLES FROM RELATED ORGANIZATION 2730054 LIFE INSURANCE POLICIES 28424224 RIGHT OF USE ASSETS 39344969 70499247 ACCRUED PENSION LIABILITY 37709437 DEFERRED COMPENSATION 8347430 OPERATING LEASE LIABILITY 66356072 112412939 X PART V, LINE 4: THE PURPOSE OF THE REVENUE PRESERVATION FUND IS TO PROVIDE STABLE FUNDING SHOULD FUTURE OPERATING BUDGETS HAVE A SIGNIFICANT DECLINE IN REVENUE STREAMS. PART X, LINE 2: MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE GUIDANCE. GENERALLY, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2022. 1 TAX FOUNDATION 1325 G STREET NW SUITE 950 WASHINGTON DC 20005 521703065 501(C)3 58250 0 N/A N/A GENERAL SUPPORT FOR 2025 COMMITTEE ON CAPITAL MARKETS REGULATION INC 134 MOUNT AUBURN STREET CAMBRIDGE MA 02138 300406260 501(C)3 50000 0 N/A N/A SUPPORT NONPARTISAN FINANCIAL RESEARCH AND PUBLIC EDUCATION NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION 3601 HAWORTH DRIVE RALEIGH NC 27609 561391773 501(C)3 50000 0 N/A N/A SUPPORT HURRICANE HELENE RELIEF FUND THROUGH THE NCBA FOUNDATION THE HERITAGE FOUNDATION 214 MASSACHUSETTS AVENUE NE WASHINGTON DC 20002 237327730 501(C)3 50000 0 N/A N/A SUPPORT POLICY RESEARCH AND EDUCATIONAL ACTIVITIES TN BANKERS ASSOCIATION DISASTER RELIEF FUND 3421 BELMONT BLVD NASHVILLE TN 37215 621471789 501(C)3 50000 0 N/A N/A SUPPORT THE RELIEF EFFORTS OF HURRICANE HELENE VOLUNTEER FLORIDA FOUNDATION INC 1545 RAYMOND DIEHL ROAD SUITE 250 TALLAHASSEE FL 32308 010973168 501(C)3 50000 0 N/A N/A SUPPORT HURRICANE MILTON RELIEF NATIONAL GOVERNORS ASSOCIATION CENTER FOR BEST PRACTICES 444 N CAPITOL ST NW SUITE 267 WASHINGTON DC 20001 237391796 501(C)3 30000 0 N/A N/A SUPPORT BIPARTISAN POLICY RESEARCH AND EDUCATION FOR STATE GOVERNORS ABACEF DISASTER RELIEF 1333 NEW HAMPSHIRE AVENWSUITE 700 WASHINGTON DC 20036 830397856 501(C)3 25000 0 N/A N/A SUPPORT 2025 CALIFORNIA FIRES CHILDREN'S HOSPITAL FOUNDATION 1 INVENTA PLACE 6TH FLOOR WEST SILVER SPRING MD 20910 521640402 501(C)3 22500 0 N/A N/A SUPPORT ANNUAL CHILDREN'S BALL ALEC 2900 CRYSTAL DRIVE STE 600 ARLINGTON VA 22202 520140979 501(C)3 20000 0 N/A N/A SUPPORT NEW LEGISLATOR ACADEMY BRYCE HARLOW FOUNDATION PO BOX 15879 WASHINGTON DC 20003 521266620 501(C)3 19200 0 N/A N/A SUPPORT THE ORGANIZATION'S CHARITABLE EVENT NCSL FOUNDATION FOR STATE LEGISLATURES 7700 EAST FIRST PLACE DENVOR CO 80217 742232576 501(C)3 15000 0 N/A N/A SUPPORT STATE LEGISLATURES WARRIOR CANINE CONNECTION 14934 SCHAEFFER ROAD BOYDS MD 20841 452981579 501(C)3 14856 0 N/A N/A SUPPORT THERAPEUTIC SERVICE-DOG TRAINING FOR VETERANS ALLIANCE FOR INNOVATIVE REGULATION INSTITUTE 1331 4TH STREET SE UNIT 905 WASHINGTON DC 20003 834717659 501(C)3 10000 0 N/A N/A SUPPORT BANK FINTECH PROGRAM TEXAS BANKERS FOUNDATION 203 WEST 10TH STREET 5TH FL AUSTIN TX 78701 742602147 501(C)3 10000 0 N/A N/A SUPPORT RELIEFT EFFORTS IN CENTRAL TEXAS EASTER SEALS SERVING DC MD VA 1420 SPRING STREET SILVER SPRING MD 20910 530212296 501(C)3 7000 0 N/A N/A SUPPORT CHARITABLE EVENT TASTE OF THE SOUTH PO BOX 2826 WASHINGTON DC 20013 521343458 501(C)3 6150 0 N/A N/A SUPPORT CHARITABLE EVENT 17 0 PART I, LINE 2: ABA CONTRIBUTIONS ARE MADE TO ORGANIZATIONS ALIGNED WITH BANKING INDUSTRY PRIORITIES. X X X X 1 1 X X X X 0 1 0 ROBERT S NICHOLS PRESIDENT AND CEO 2222808 0 1365000 0 560722 0 41400 0 49422 0 4239352 0 0 0 NAOMI CAMPER CHIEF POLICY OFFICER 737027 0 149984 0 88679 0 41400 0 50252 0 1067342 0 0 0 JESS SHARP EXECUTIVE VICE PRESIDENT 576827 0 117176 0 5084 0 41400 0 48422 0 788909 0 0 0 KARIN PETERSEN FLYNN CHEIF FINANCE & ADMIN OFFICER 529085 0 108035 0 19518 0 78217 0 45943 0 780798 0 0 0 PETER C COOK CHIEF COMMUNICATION OFFICER 518632 0 105000 0 47881 0 41400 0 42460 0 755373 0 0 0 THOMAS PINDER GENERAL COUNSEL & CORP. SECRETARY 514452 0 103000 0 13262 0 74572 0 4605 0 709891 0 0 0 ALETHIA BAGGETT CHIEF HR OFFICER 444556 0 91720 0 46475 0 41400 0 51816 0 675967 0 0 0 RUSSELL DAVIS EVP, MEMBER EXPERIENCE 421248 0 160120 0 4117 0 41400 0 39933 0 666818 0 0 0 VIRGINIA O'NEILL EVP, REGULATORY COMPLIANCE 458749 0 121740 0 9194 0 41400 0 6929 0 638012 0 0 0 KIRSTEN SUTTON EVP, CONGRESSIONAL RELATION 460806 0 92243 0 2342 0 41400 0 26409 0 623200 0 0 0 SAYEE SRINIVASAN CHIEF ECONOMIST 424044 0 87130 0 10526 0 41400 0 45920 0 609020 0 0 0 LAENA F POMEROY CHIEF OF STAFF 367850 0 79564 0 2203 0 41400 0 49401 0 540418 0 0 0 JOANNA SHAPIRO CMEO UNTIL AUGUST 2025 441061 0 27123 0 9001 0 56182 0 231 0 533598 0 0 0 PART I, LINE 1A FIRST-CLASS TRAVEL & TRAVEL FOR COMPANIONS: CERTAIN OFFICERS OF THE ORGANIZATION (FIVE IN TOTAL) ARE ALLOWED TO FLY FIRST CLASS AND MAY BRING A COMPANION AT THEIR DISCRETION. ANY SUCH TRAVEL FOR A NON-EMPLOYEE REIMBURSED BY ABA IS INCLUDED IN TAXABLE INCOME OF EMPLOYEE. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: CERTAIN MEMBERS OF EXECUTIVE LEADERSHIP INVOLVED IN SERP'S (DESCRIBED IN 4B BELOW) HAVE VESTED BUT UNPAID AMOUNTS INCLUDED IN COMPENSATION. A GROSS UP OF 12.25% OF THE TAXABLE AMOUNT IS PAID TO THE EXECUTIVE. SOCIAL CLUB DUES: SOCIAL CLUB DUES ARE PROVIDED FOR BUSINESS USE ONLY. PART I, LINE 4B DEFINED CONTRIBUTION PLANS SPONSORED BY THE ASSOCIATION. THE FOLLOWING OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES PARTICIPATED IN A NONQUALIFIED SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN WITH ACCRUED PRESENT VALUE ESTIMATED BENEFITS FOR THE YEAR: ROBERT S. NICHOLS $390,900 KARIN PETERSEN FLYNN $36,817 NAOMI G. CAMPER $67,188 PETER COOK $34,620 ALETHIA BAGGETT $25,005 LAENA F. POMEROY $14,342 JOANNA SHAPIRO $14,782 THOMAS PINDER $33,172 FORM 990, PART VI, SECTION A, LINE 1A AUTHORITY AND COMPOSITION: THE EXECUTIVE COMMITTEE IS ACCOUNTABLE TO THE BOARD OF DIRECTORS. IT HAS AUTHORITY TO ACT IN PLACE OF THE BOARD BETWEEN MEETINGS OF THE BOARD, SUBJECT TO THE LIMITATIONS IN THE BYLAWS OR OTHER RESTRICTIONS ESTABLISHED BY THE BOARD. THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE: THE CHAIRMAN, THE CHAIRMAN-ELECT, THE VICE CHAIRMAN, THE TREASURER, THE PRESIDENT AND CEO, THE CHAIRMAN OF THE ASSOCIATION'S GOVERNMENT RELATIONS COUNCIL, AND THE VICE CHAIRMAN OF THE GRC. ADDITIONALLY, A MEMBER OF THE BOARD OF DIRECTORS WHO REPRESENT AN INSTITUTION WITH A MUTUAL FORM OF CHARTER WILL BE ADDED TO THE EXECUTIVE COMMITTEE IF NO OTHER MEMBER OF THE EXECUTIVE COMMITTEE REPRESENTS A REGULAR MEMBER THAT IS ORGANIZED UNDER THAT FORM OF CHARTER. FORM 990, PART VI, SECTION A, LINE 6 THE AMERICAN BANKERS ASSOCIATION (ABA) IS A 501(C)(6) NONPROFIT BUSINESS LEAGUE INCORPORATED IN THE DISTRICT OF COLUMBIA. ITS MEMBERSHIP IS COMPOSED OF NATIONAL BANKS, STATE-CHARTERED BANKS, SAVINGS BANKS, SAVINGS AND LOAN ASSOCIATIONS, TRUST COMPANIES, AND OTHER BANKING ENTITIES SITUATED WITHIN THE UNITED STATES AND ITS DEPENDENCIES, THAT HAVE FILED AN APPLICATION FOR FEDERAL DEPOSIT INSURANCE CORPORATION INSURANCE OF ACCOUNTS ("REGULAR MEMBERS"). FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ABA ANNUALLY ELECT THE ORGANIZATION'S OFFICERS AND BOARD OF DIRECTORS, WHICH ACTS AS THE ASSOCIATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B IN ADDITION TO THE ANNUAL ELECTIONS, MEMBERS VOTE ON MAJOR CORPORATE ACTIONS SUCH AS A MERGER OR ACQUISITION AND IN THE EVENT OF A POSSIBLE DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B ABA'S MANAGEMENT, WHICH INCLUDES CERTIFIED PUBLIC ACCOUNTANTS, CONDUCTED SEVERAL INTERNAL REVIEWS OF THE FORM 990 RETURN PREPARED BY AN OUTSIDE ACCOUNTING FIRM. A COPY OF THE FORM 990 INCLUDING ALL REQUIRED SCHEDULES IS PROVIDED TO THE AUDIT COMMITTEE OF THE ABA IN ELECTRONIC FORM PRIOR TO ITS FILING WITH THE IRS. PER ABA BOARD ADOPTED POLICY, THE AUDIT COMMITTEE WAS DELEGATED THE RESPONSIBILITY FOR REVIEWING THE TAX RETURN IN ADVANCE OF ITS FILING. THE AUDIT COMMITTEE REPORTS TO THE ASSOCIATION'S GOVERNING BODY AND IS COMPRISED OF BOARD OF DIRECTOR MEMBERS. THE RETURN IS AVAILABLE TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ABA MONITORS AND ENFORCES ITS CONFLICTS OF INTEREST POLICY BY, AT LEAST ANNUALLY, HAVING EACH OFFICER, MEMBER OF THE BOARD OF DIRECTORS, AND ALL EMPLOYEES ATTEST BY SIGNATURE THAT THEY HAVE READ, UNDERSTAND, AND ARE IN COMPLIANCE WITH THE POLICY. ON AN ANNUAL BASIS, THE BOARD IS PROVIDED A COPY OF THE POLICY, OFFERED AN OPPORTUNITY TO DISCUSS ITS REQUIREMENTS, AND HAVE ANY QUESTIONS ANSWERED. STAFF ATTENDS THE MEETINGS OF THE BOARD IN ORDER TO MONITOR COMPLIANCE WITH THE REQUIREMENTS AND THAT THE MINUTES OF THE MEETINGS FAIRLY REPRESENT THE DISCUSSIONS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 ABA'S COMPENSATION COMMITTEE, COMPRISED OF BOARD OF DIRECTOR MEMBERS, IS RESPONSIBLE FOR REVIEWING THE COMPENSATION OF THE ASSOCIATION'S CEO, ITS OTHER OFFICERS AND ITS KEY EMPLOYEES AND MAKES THE FINAL COMPENSATION RECOMMENDATION TO THE BOARD OF DIRECTORS, WHICH HAS FINAL APPROVAL. THE PROCESS USED BY THE COMPENSATION COMMITTEE IS MADE IN CONJUNCTION WITH AN OUTSIDE INDEPENDENT CONSULTING FIRM THAT CONDUCTED A COMPREHENSIVE COMPENSATION STUDY FOR THE ASSOCIATION. THE METHODOLOGY USED INCLUDED THE FOLLOWING: - UTILIZING SALARY SURVEYS, INCLUDING THOSE FROM MERCER, WATSON WYATT, PRM CONSULTING, QUATT ASSOCIATES AND ASAE, JOBS WERE BENCHMARKED TO COMPARABLE POSITIONS. - THE OUTSIDE COMPENSATION CONSULTING FIRM REVIEWED APPLICABLE MARKET DATA AND THE BENCHMARKED POSITION INFORMATION AND DEVELOPED A MARKET-BASED PAY STRUCTURE. - ADDITIONAL FACTORS CONSIDERED WERE POSITION REQUIREMENTS, ORGANIZATIONAL IMPACT, AND JOB COMPLEXITY. - MINUTES ARE KEPT OF THE COMPENSATION COMMITTEE'S DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 ABA DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: RETIREE MEDICAL PLAN RELATED CHANGES DUE TO CHANGES IN ACTUARIAL ASSUMPTION -7,108,557. 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