2024-07-12T12:18:41-05:00 2023-08-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-09-01 830397856 AMERICAN BANKERS ASSOCIATION COMMUNITY ENGAGEMENT FOUNDATION AMER 2026635054 1333 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20036 KARIN PETERSEN FLYNN CFO 2026635054 2024-07-12 1 KARIN PETERSEN FLYNN XXX-XX-XXXX 0 AMY CHAPMAN P00843460 5712279500 2024-07-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ABA FOUNDATION PETER COOK 1333 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20036 1747723 0 X WWW.ABA.COM/ABOUT-US/ABA-FOUNDATION X 2004 DC HELP BANKS & BANKERS MAKE THEIR COMMUNITIES BETTER THROUGH LEADERSHIP, PARTNERSHIPS & PROGRAMS. 13 13 0 1500 0 0 10050 536903 208335 325000 308028 177894 0 0 526413 1039797 0 523550 0 0 392491 412973 0 0 0 310098 398446 702589 1334969 -176176 -295172 8097613 8447608 112516 302016 7985097 8145592 X SEE SCHEDULE OTHE ABA COMMUNITY ENGAGEMENT FOUNDATION IS A 501(C)3 CORPORATION THAT HELPS BANKS AND BANKERS MAKE THEIR COMMUNITIES BETTER. THROUGH ITS LEADERSHIP, PARTNERSHIPS AND NATIONAL PROGRAMS, THE FOUNDATION SUPPORTS BANKERS AS THEY PROVIDE FINANCIAL EDUCATION TO INDIVIDUALS AT EVERY AGE, ELEVATE ISSUES AROUND AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT AND ACHIEVE CORPORATE SOCIAL RESPONSIBILITY OBJECTIVES TO IMPROVE THE WELL-BEING OF THEIR CUSTOMERS AND THEIR COMMUNITIES. 1 0 206991 0 150000 SAFE BANKING FOR SENIORS: SAFE BANKING FOR SENIORS (SBFS) IS A FREE NATIONAL PROGRAM, SPONSORED BY THE ABA COMMUNITY ENGAGEMENT FOUNDATION, THAT PROVIDES BANKERS WITH THE TOOLS AND RESOURCES NECESSARY TO HELP OLDER ADULTS, THEIR FAMILIES AND CAREGIVERS PREVENT ELDER FINANCIAL ABUSE AND EXPLOITATION. MORE DETAIL AT: HTTPS://WWW.ABA.COM/ADVOCACY/COMMUNITY-PROGRAMS/SAFE-BANKING-FOR- SENIORS. 147330 0 100000 TEACH CHILDREN TO SAVE: GEARED TOWARD GRADES K-8, TEACH CHILDREN TO SAVE (TCTS), IS A FREE NATIONAL PROGRAM SPONSORED BY THE ABA COMMUNITY ENGAGEMENT FOUNDATION, THAT ORGANIZES BANKER VOLUNTEERS THROUGHOUT THE YEAR TO HELP YOUNG PEOPLE DEVELOP A SAVINGS HABIT EARLY IN LIFE. MORE DETAIL AT: HTTPS://WWW.ABA.COM/ADVOCACY/COMMUNITY-PROGRAMS/TEACH-CHILDREN-SAVE. 523550 523550 ASSOCIATION OF MILITARY BANKS OF AMERICA: ABA IS FISCAL SPONSOR FOR THE ASSOCIATION OF MILITARY BANKS OF AMERICA (AMBA) TO SUPPORT THE VETERANS BENEFITS BANKING PROGRAM (VBBP). THE PROGRAM HELPS UNBANKED VETERANS FIND ACCESS TO THE FINANCIAL PRODUCTS AND SERVICES THEY NEED. 3242 LIGHTS CAMERA SAVE! : SPONSORED BY THE ABA COMMUNITY ENGAGEMENT FOUNDATION, IS A VIDEO CONTEST THAT ENGAGES TEENS IN EDUCATING THEMSELVES AND THEIR PEERS ABOUT THE VALUE OF SAVING AND USING MONEY WISELY. MORE DETAIL AT: HTTPS://WWW.ABA.COM/ADVOCACY/COMMUNITY-PROGRAMS/LIGHTS-CAMERA-SAVE. 143633 0 75000 ALL OTHER PROGRAMS. 146875 0 75000 1024746 1 1 0 0 0 0 0 0 0 1 0 0 0 0 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 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 AK AL AR CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN TX UT VA WA WI WV X CRYSTAL REDDING 2026635384 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 JANET GARUFIS CHAIR 1.00 0.00 X X 0 0 0 DARLENE GOINS VICE CHAIR 1.00 0.00 X X 0 0 0 ANGIE GARCIA-LATHROP BOARD MEMBER 1.00 0.00 X 0 0 0 CANDICE CAMBRIDGE BOARD MEMBER 1.00 0.00 X 0 0 0 CARISSA RODEHEAVER BOARD MEMBER 1.00 0.00 X 0 0 0 COURTNEY HODAPP BOARD MEMBER 1.00 0.00 X 0 0 0 DAVE HANRAHAN BOARD MEMBER 1.00 0.00 X 0 0 0 JACQUELINE J HOWARD BOARD MEMBER 1.00 0.00 X 0 0 0 KATHRYN LURIA BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL E GROVE BOARD MEMBER 1.00 0.00 X 0 0 0 MICHELLE THORNHILL BOARD MEMBER 1.00 0.00 X 0 0 0 PETER GWALTNEY BOARD MEMBER 1.00 0.00 X 0 0 0 LOUISE WALKER BOARD MEMBER UNTIL OCT 2022 1.00 0.00 X 0 0 0 EVELYN F SMALLS EX-OFFICIO 1.00 0.00 X 0 0 0 PETER COOK CHIEF COMMUNICATIONS OFFICER 1.00 36.50 X 0 710403 58769 KARIN PETERSEN FLYNN CHIEF FINANCIAL OFFICER 1.00 36.50 X 0 648376 103398 JIM MOYE SVP & SENIOR COUNSEL, CONTRACTS SECRETARY 1.00 36.50 X 0 276949 42525 LIA FORDJOUR SVP, PLANNING & REPORTING, TREASURER 1.00 36.50 X 0 241722 24897 JILL GOLDMAN SECRETARY/VP & SR COUNSEL THRU 09/22 1.00 36.50 X 0 177655 28694 LINDSAY TORRICO SVP, EXECUTIVE DIRECTOR 3.75 33.75 X 0 107846 9607 SAMUEL KUNJAKUNJA VP CONSUMER EDUCATION 37.50 0.00 X 0 150443 19225 0 2313394 287115 0 0 1 0 0 3353 533550 536903 SAFE BANKING FOR SENIORS 611710 150000 150000 TEACH CHILDREN TO SAVE 611710 100000 100000 OTHER PROGRAM SERVICE REVENUE 611710 75000 75000 325000 189698 189698 696122 707926 -11804 -11804 -11804 1039797 325000 0 177894 523550 523550 22678 22678 290827 199860 90967 33941 22332 11609 41767 28627 13140 23760 14865 8895 11289 11289 9737 9737 79258 78780 478 13120 13120 17247 16682 565 3325 3325 52178 36123 16055 18592 16804 1788 42307 39935 2372 OVERHEAD 118613 118613 MEMBERSHIP DUES 25000 25000 MISCELLANEOUS 7780 5743 2037 1334969 1024746 310223 0 293515 94823 34873 76012 2609 7769225 8274164 8097613 8447608 103263 56405 91667 9253 153944 112516 302016 X 7985097 8145592 7985097 8145592 8097613 8447608 -295172 455667 0 X 0 1 X 1 0 X X X 1 AMERICAN BANKERS ASSOCIATION 521001304 10 1 0 0 1 0 0 1 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B THE SUPPORTED ORGANIZATION, THE AMERICAN BANKERS ASSOCIATION QUALIFIES UNDER SECTION 501(C)(6) AND HAS RECEIVED AN IRS DETERMINATION LETTER DATED AUGUST 24, 1977. THE AMERICAN BANKERS ASSOCIATION COMPLETES ANNUALLY A PROFORMA SCHEDULE A. PART IV, SECTION A, LINE 3C SUPPORT GIVEN TO A SUPPORTED SECTION 501(C)(6) ORGANIZATION IS USED SOLELY FOR CHARITABLE PURPOSES. THERE WAS NO SUPPORT GIVEN TO THE AMERICAN BANKERS ASSOCIATION FOR THE TAX YEAR. PART IV, SECTION A, LINE 6 ASSOCIATION OF MILITARY BANKS OF AMERICA: ABACEF IS FISCAL SPONSOR FOR THE ASSOCIATION OF MILITARY BANKS OF AMERICA (AMBA) TO SUPPORT THE VETERANS BENEFITS BANKING PROGRAM (VBBP). THE PROGRAM HELPS UNBANKED VETERANS FIND ACCESS TO THE FINANCIAL PRODUCTS AND SERVICES THEY NEED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7082303 -13676 7068627 9090104 -2007801 7082303 7833239 1256865 9090104 7641125 192114 7833239 8049515 -408390 7641125 1.00000 0.00000 0.00000 0 1 1 0 DUE TO AFFILIATES 153944 153944 X PART V, LINE 4: AN ANNUALLY DETERMINED AMOUNT OF INCOME FROM THE ENDOWMENT FUNDS IS USED FOR THE GENERAL EXEMPT PURPOSES OF THE ORGANIZATION. PART X, LINE 2: INCOME TAX: ABACEF IS EXEMPT UNDER SECTION 501(C)(3) OF THE IRC AND IS CLASSIFIED AS ORGANIZATIONS THAT IS NOT A PRIVATE FOUNDATION. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR THE ENTITY IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS, EXCEPT FOR THAT RESULTING FROM THE ASSOCIATIONS UNRELATED BUSINESS INCOME. ABACEF DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED AUGUST 31, 2023 AND 2022, RESPECTIVELY. 1 ASSOCIATION OF MILITARY BANKS OF AMERICA INC 2300 WILSON BLVD STE 700 1042 ARLINGTON VA 22201 470583461 501(C)(6) 523550 0 N/A N/A SUPPORT OPERATIONS 0 1 PART I, LINE 2: ALL DONATIONS RECEIVED FROM THE FISCAL SPONSOR. ITEMIZED SPENDING OF ANY FISCAL SPONSOR-DONATED FUNDS FISCAL SPONSOR-DONATED CASH ON HAND IN THE ACCOUNT AT THE END OF THE REPORTING PERIOD ANY OTHER FINANCIAL INFORMATION WHICH IMPACTING, OR COULD IMPACT, THE FINANCIAL SPONSOR'S STATUS OR THE PROJECT. NUMBER OF NEW BANKS ENROLLED IN THE PROJECT. NUMBER OF PROJECT CONSUMERS ASSISTED OVER THE MONTH (ALL FACETS OF THE PROJECT) 0 1 0 0 0 0 0 0 0 PETER COOK CHIEF COMMUNICATIONS OFFICER 0 453101 0 91357 0 165945 0 34642 0 24127 0 769172 0 0 KARIN PETERSEN FLYNN CHIEF FINANCIAL OFFICER 0 488625 0 148000 0 11751 0 77148 0 26250 0 751774 0 0 JIM MOYE SVP & SENIOR COUNSEL, CONTRACTS SECR 0 252365 0 21018 0 3566 0 33126 0 9399 0 319474 0 0 LIA FORDJOUR SVP, PLANNING & REPORTING, TREASURER 0 226437 0 12800 0 2485 0 24684 0 213 0 266619 0 0 JILL GOLDMAN SECRETARY/VP & SR COUNSEL THRU 09/22 0 163169 0 50 0 14436 0 21548 0 7146 0 206349 0 0 SAMUEL KUNJAKUNJA VP CONSUMER EDUCATION 0 136300 0 11770 0 2373 0 17912 0 1313 0 169668 0 0 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. FORM 990, PART III, LINE 2 ASSOCIATION OF MILITARY BANKS OF AMERICA: ABA IS FISCAL SPONSOR FOR THE ASSOCIATION OF MILITARY BANKS OF AMERICA (AMBA) TO SUPPORT THE VETERANS BENEFITS BANKING PROGRAM (VBBP). THE PROGRAM HELPS UNBANKED VETERANS FIND ACCESS TO THE FINANCIAL PRODUCTS AND SERVICES THEY NEED. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE AMERICAN BANKERS ASSOCIATION COMMUNITY ENGAGEMENT FOUNDATION IS THE AMERICAN BANKERS ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES AND OFFICERS OF THE ABA COMMUNITY ENGAGEMENT FOUNDATION ARE APPOINTED AND ELECTED ANNUALLY BY THE AMERICAN BANKERS ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B THE SUPREME AUTHORITY OF THE FOUNDATION IS VESTED AT THE ANNUAL MEETING. THE CHAIR OF THE AMERICAN BANKERS ASSOCIATION APPOINTS THE FOUNDATION'S BOARD OF TRUSTEES AT THE ANNUAL MEETING. THE BOARD OF TRUSTEES ADMINISTERS THE AFFAIRS OF THE FOUNDATION AND HAS FULL AUTHORITY TO ACT BETWEEN ANNUAL MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE CFO OF AMERICAN BANKERS ASSOCIATION SERVES AS APPOINTED CFO OF THE ORGANIZATION. ABA'S MANAGEMENT WHICH INCLUDES CERTIFIED PUBLIC ACCOUNTANTS CONDUCTED SEVERAL INTERNAL REVIEWS OF THE COMPLETED FORM 990 PREPARED BY AN EXTERNAL ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION MONITORS AND ENFORCES ITS CONFLICTS OF INTEREST POLICY BY AT LEAST ANNUALLY, HAVING EACH OFFICER, MEMBER OF THE BOARD OF DIRECTORS, AND KEY 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 THE METHODOLOGY USED TO DETERMINE COMPENSATION 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. FORM 990, PART VI, SECTION C, LINE 19 ABACEF 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. AMERICAN BANKERS ASSOCIATION 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 521001304 BANKING MEMBERSHIP DC 501(C)(6) N/A 0 ABA SECURITIES ASSOCIATION 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 521935145 ADVOCACY DE 501(C)(6) AMERICAN BANKERS ASSOCIATION 0 BAFT INC 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 113642835 EDUCATION, ADVOCACY DE 501(C)(6) AMERICAN BANKERS ASSOCIATION 0 INTERNATIONAL MONETARY CONFERENCE 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 237244320 INTERNATIONAL BANKING MEMBERSHIP ORGANIZATION DC 501(C)(6) AMERICAN BANKERS ASSOCIATION 0 JEFFREY AND DIANA OWEN SCHOLARSHIP FOR 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 823857091 EDUCATIONAL ACTIVITIES DC 501(C)(3) LINE 12A, I AMERICAN BANKERS ASSOCIATION 0 ABA CARD SOLUTIONS INC 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 363515025 BUSINESS SERVICES DE C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 AMERICAN BANKERS ASSOCIATION N 52178 ALLOCATION AMERICAN BANKERS ASSOCIATION O 412973 ALLOCATION AMERICAN BANKERS ASSOCIATION P 1318387 ACTUAL/CASH