2018-07-10T09:30:15-07:00 2017-08-31 990 2016-09-01 521001304 AMERICAN BANKERS ASSOCIATION AMER 2026635054 1120 Connecticut Ave NW Washington DC 20036 Robert Eady Chief Financial Officer 2026635054 2018-07-10 2016 2022-09-23 18:48:47Z ROB S NICHOLS AMERICAN BANKERS ASSOCIATION 1120 CONNECTICUT AVE NW SUITE 600 WASHINGTON DC 20036 133863295 0 X www.aba.com X 1875 DC THE AMERICAN BANKERS ASSOCIATION IS A BUSINESS LEAGUE THAT PURSUES ADVOCACY, PROVIDES EDUCATION, PRODUCTS AND SOLUTIONS TO ITS MEMBERSHIP AND THE FINANCIAL SERVICES INDUSTRY GENERALLY. 25 24 398 1200 1665404 130177 0 0 77021098 78099499 3704023 4831855 24212206 28954604 104937327 111885958 21100 29187 0 0 63668659 66172565 0 0 0 36724174 42102270 100413933 108304022 4523394 3581936 183255967 204161238 177294111 163715642 5961856 40445596 The 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 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 meetings, onsite schools and at-the-desk offerings including telephone briefings, webinars and internet classes. Publications, products and services: The ABA offers books, toolkits, 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. 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. 0 0 0 0 0 0 0 1 0 0 0 0 0 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 1 408 0 1 398 1 1 1 0 0 0 1 1 0 X 25 24 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X Barry Epstein 2026635054 1120 Connecticut Ave NW Washington DC 20036 A Scott Anderson Board Member 1 0 X 0 0 0 Howard T Boyle II Board Member 1 0 X 0 0 0 Rheo A Brouillard Board Member 1 0 X 0 0 0 Deborah A Cole Board Member 1 0 X 0 0 0 Luther Deaton Jr Board Member 1 0 X 0 0 0 James J Edwards Jr Board Member 1 0 X 0 0 0 Charles N Funk Board Member 1 0 X 0 0 0 Patricia A Husic Board Member 1 0 X 0 0 0 Douglas B Petno Board Member 1 0 X 0 0 0 Manuel Sanchez Board Member 1 0 X 0 0 0 Daniel J Schrider Board Member 1 0 X 0 0 0 Julieann M Thurlow Board Member 1 0 X 0 0 0 Gregg L Vandaveer Board Member 1 0 X 0 0 0 Louise Walker Board Member 1 0 X 0 0 0 H McCall Wilson Jr Board Member 1 0 X 0 0 0 Paul V Woolway Board Member 1 0 X 0 0 0 R Daniel Blanton Chair, Nominating Committee 1 0 X 0 0 0 Stanley D Jenks Chair, Government Relations Council 1 0 X 0 0 0 Jeffrey K Ball Vice Chair, Government Relations Council 1 0 X 0 0 0 Daniel J Forte ABA/State Association Alliance 1 0 X 0 0 0 Dorothy A Savarese Chairman 1 0 X X 0 0 0 Kenneth L Burgess Jr Chairman Elect 1 0 X X 0 0 0 Jeffrey M Szyperski Vice Chairman 1 0 X X 0 0 0 George W Hermann Treasurer 1 0 X X 0 0 0 Rob Nichols President and CEO 37.25 0.25 X X 2194677 0 236006 Robert G Eady Chief Financial Officer 35 2.5 X 613532 0 105213 Jeffrey Owen Chief Operating Officer 37.5 0 X 806654 0 419723 Wayne Abernathy Executive Vice President 37.5 0 X 810259 0 121778 James G Edrington Executive Vice President 37.5 0 X 494352 0 123029 Robert Schmermund Executive Vice President 37.5 0 X 541489 0 42911 Christine Walika Executive Vice President 37.5 0 X 371243 0 231373 Dawn Causey General Counsel 37.5 0 X 598902 0 127228 Robert R Davis Executive Vice President 37.5 0 X 566694 0 47928 Paul C Katz Executive Vice President 37.5 0 X 530562 0 36035 Kenneth Clayton Executive Vice President 37.5 0 X 481845 0 143859 James Ballentine Executive Vice President 37.5 0 X 431990 0 201706 Frank A Keating II Former President and CEO 0 0 X 101096 0 0 8543295 0 1836789 173 1 1 1 The Glover Park Group 1025 F Street NW 9th Floor Washington DC 20004 Consulting 504903 Covington & Burling LLP 850 10th St NW Washington DC 20001 Consulting 394638 The Podesta Group 1001 G Street NW Ste 1000 Washington DC 20001 Consulting 385881 Amedia LLC 4948 St Elmo Ave Bethesda MD 20814 Consulting 318677 Freeman PO BOX 650036 DALLAS TX 75265 Consulting 317376 33 0 MEMBERSHIP DUES 813910 39629183 39629183 0 0 CONFERENCE AND CONVENTION 813910 13365017 8058137 364340 4942540 DUES & FEES ARRANGEMENTS 813910 5581494 5581494 0 0 SCHOOL & IN-BANK TRAINING 813910 14994831 14983452 0 11379 PUBLICATIONS & SUBSCRIPTIONS 813910 856684 524701 143024 188959 3672290 3438800 233490 0 78099499 1712758 0 0 1712758 0 0 0 0 27874443 0 924550 26949893 0 0 24871240 0 21752143 0 3119097 0 3119097 0 0 3119097 1305355 225194 1080161 1080161 0 0 0 111885958 73295928 1665404 36924626 X 29187 8543295 39008740 12445500 3246594 2928436 2897257 154513 1337461 473469 11133410 1892310 2964845 1556907 996728 6786366 4226542 6769408 1971616 793384 UBIT AND DC FRANCHISE TAX 47196 OVERHEAD ALLOCATED TO SUBSIDIARIES -5043367 PRINTING AND PUBLICATIONS 1394677 SPONSORSHIP, MEMBERSHIP AND DUES 629965 1119583 108304022 0 0 0 8032297 30381719 5156083 11451314 85195 61149 2707408 2994976 21220568 14833761 7467292 6386807 129236661 121157253 30571031 31728020 183255967 204161238 9012615 9763349 39607732 44684690 128673764 109267603 177294111 163715642 X 5961856 40445596 0 0 0 0 5961856 40445596 183255967 204161238 X 3581936 8030615 0 0 0 22871189 X 0 1 X 1 0 0 0 1 42919663 10801879 -98379 10703500 10301198 402302 0 Schedule C, Part III-B, Line 1 For lobby reporting we include additional $1,143,898 of Service Memberships which is included in Dues & fees arrangements of Part VIII, Line 2c, and additional $2,146,582 of special assessments which is included in All other program service revenue of Part VIII, Line 2f, in addition to the $39,629,183 in regular membership dues. 0 0 0 0 0 0 0 0 11033530 7240999 3792531 0 4819048 3986808 832240 0 5367990 3605954 1762036 6386807 Life Insurance Policies 26236367 Receivables from related organizations 4196383 Courseware Development 1082419 Cash Advances 60644 Security Deposit 57800 Metrocheck 19407 Miscellaneous Assets 75000 31728020 0 Accrued Pension Liability 95126455 Deferred Rent and Lease Incentives 8532423 Deferred Compensation 5044551 Payables to related organization 564174 109267603 X 120141767 8030615 0 0 0 8030615 112111152 0 -225194 -225194 111885958 85658027 0 0 0 -22645995 -22645995 108304022 0 0 0 108304022 Schedule D, Part X, Line 2 Note 1. Nature Of Activities And Significant Accounting Policies: Income Taxes American Bankers Association is classified for tax purposes as tax-exempt business league under Section 501(c)(6) of the Internal Revenue Code (IRC). Therefore, no provision for income taxes has been provided for this entity in the accompanying consolidated financial statements, except for that resulting from the Association's unrelated business income. Unrelated business income tax expense was $47,196 for the year ended August 31,2017. 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 this 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 2014. Schedule D, Part XI, Line 4b Cost of Goods Sold $225,194 reported on Form 990 Part VIII, Line 10b. Schedule D, Part XII, Line 2d Cost of Goods Sold $225,194 reported on Form 990 Part VIII, Line 10b. Pension & Post-retirement Medical Related Changes Other than Net Periodic Pension Cost due to changes in actuarial assumptions and unrealized gain on pension and post-retirement medical trust fund investments $(22,871,189). Total for Line 2d: $225,194 + $(22,871,189) = $(22,645,995) 1 NCSL Foundation for State Legislatures 7700 East First Place Denver CO 80230 742232576 501(C)(3) 9813 0 N/A N/A 2017 Sponsorship National MS Society PO Box 4527 New York NY 10163 951727656 501(C)(3) 7772 0 N/A N/A WALK MS 2017 Congressional Hispanic Caucus Institute Inc 1128 16th St NW Washington DC 20036 521114225 501(C)(3) 7500 0 N/A N/A 39th Annual Award Gala 3 0 Schedule I, Part I, Line 2 ABA maintains records to substantiate the amount of the charitable contributions as shown on Part II. The recipients are Section 501(c)(3) entity and are thus eligible for charitable contributions. X X X X 1 1 X X X X 0 1 0 Rob Nichols President and CEO 1516122 0 600000 0 78555 0 204350 0 31656 0 2430683 0 0 0 Robert G Eady Chief Financial Officer 422849 0 63600 0 127083 0 86339 0 18874 0 718745 0 0 0 Jeffrey Owen Chief Operating Officer 593447 0 196391 0 16816 0 398000 0 21723 0 1226377 0 0 0 Wayne Abernathy Executive Vice President 552573 0 83300 0 174386 0 92672 0 29106 0 932037 0 0 0 James G Edrington Executive Vice President 329044 0 66400 0 98908 0 92756 0 30273 0 617381 0 0 0 Robert Schmermund Executive Vice President 328920 0 66700 0 145869 0 20972 0 21939 0 584400 0 0 0 Christine Walika Executive Vice President 305595 0 62300 0 3348 0 200600 0 30773 0 602616 0 0 0 Dawn Causey General Counsel 384546 0 58100 0 156256 0 107357 0 19871 0 726130 0 0 0 Robert R Davis Executive Vice President 458314 0 69400 0 38980 0 25989 0 21939 0 614622 0 0 0 Paul C Katz Executive Vice President 295881 0 44900 0 189781 0 6295 0 29740 0 566597 0 0 0 Kenneth Clayton Executive Vice President 306767 0 47818 0 127260 0 112203 0 31656 0 625704 0 0 0 James Ballentine Executive Vice President 364151 0 64500 0 3339 0 172600 0 29106 0 633696 0 0 0 Frank A Keating II Former President and CEO 0 0 0 0 101096 0 0 0 0 0 101096 0 0 0 Schedule J, Part I, Line 1a 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. Part I, Line 1a - 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. Part I, Line 1a - Social club dues: Social club dues are provided for business use only. Schedule J, Part I, Line 4 Part I, Line 4b - The Association provides non-qualified retirement benefits to the executive leadership designed as benefit restoration for the qualified Defined Benefit and Defined Contribution Plans sponsored by the Association. The following officers, key employees, and highest compensated employees participated in a nonqualified Supplemental Employee Retirement Plan and/or a Supplemental Life Insurance Plan with accrued present value estimated benefits for the year: Rob S. Nichols $180,500 Robert G. Eady $177,900 Jeffrey Owen $382,100 Wayne Abernathy $224,700 James Edrington $158,700 Robert Schmermund $19,800 Christine Walika $184,700 Dawn Causey $225,600 Robert R. Davis $26,400 Paul C. Katz $156,200 Kenneth Clayton $199,100 James Ballentine $156,700 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, prepared the return and then conducted several internal reviews of the completed Form 990. A copy of the Form 990 including all required schedules was 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. 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. 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 IX, Line 11g Consultant Expenses $6,838,244, Other Outside Services $4,716,748, Total $11,554,992 Form 990, Part XI, Line 9 Pension & Post-retirement Medical Related Changes Other than Net Periodic Pension Cost due to changes in actuarial assumptions and unrealized gain on pension and post-retirement medical trust fund investments $22,871,189. Corporation for American Banking 1120 CONNECTICUT AVE NW Washington DC 20036 841724126 Marketing DE 8604133 9672528 AMERICAN BANKERS ASSOCIATION American Bankers Association Community Engagement Foundation 1120 CONNECTICUT AVE NW Washington DC 20036 830397856 Education DC 501c3 12a American Bankers Association 1 ABA Securities Association 1120 Connecticut Ave NW Washington DC 20036 521935145 Education & Membership DE 501c6 N/A American Bankers Association 1 BAFT Inc 1120 Connecticut Ave NW Washington DC 20036 113642835 Financial Services and Membership DE 501c6 N/A American Bankers Association 1 International Monetary Conference 1120 Connecticut Ave NW Washington DC 20036 237244320 International Banking Membership DC 501c6 N/A N/A 0 The Fund for Economic Growth 1120 Connecticut Ave NW Washington DC 20036 611579521 Education, Advocacy VA 501c4 N/A American Bankers Association 1 ABA VEBA 1120 Connecticut Ave NW Washington DC 20036 521767808 Retired Employees Benefit Association DC 501c9 N/A American Bankers Association 1 Community Bank Mortgage LLC 1120 Connecticut Ave NW Washington DC 20036 841717504 Secondary Mortgages DE Corporation for American Banking Unrelated -58149 197815 0 0 0.5 ABA Card Solutions Inc 1120 Connecticut Ave NW Washington DC 20036 363515025 Business Services and Marketing DE Corporation for American Banking C 1613461 8605691 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 American Bankers Association Community Engagement Foundation n 93175 Allocation American Bankers Association Community Engagement Foundation o 541004 Allocation American Bankers Association Community Engagement Foundation q 852391 Actual/Cash ABA Securities Association n 29117 Allocation ABA Securities Association o 292325 Allocation ABA Securities Association q 486787 Actual/Cash ABA Securities Association s 437000 Actual/Cash BAFT Inc n 264967 Allocation BAFT Inc o 2197803 Allocation BAFT Inc q 3834391 Actual/Cash BAFT Inc s 3773858 Actual/Cash International Monetary Conference n 73784 Allocation International Monetary Conference o 175260 Allocation International Monetary Conference q 722677 Actual/Cash The Fund for Economic Growth n 0 None The Fund for Economic Growth o 0 None The Fund for Economic Growth q 754394 Actual/Cash ABA VEBA q 3110482 Accrual Community Bank Mortgage LLC n 23294 Allocation Community Bank Mortgage LLC o 68883 Allocation Community Bank Mortgage LLC q 155140 Actual/Cash ABA Card Solutions Inc n 61146 Allocation ABA Card Solutions Inc o 269766 Allocation ABA Card Solutions Inc q 984779 Actual/Cash