2025-07-10T07:11:42-05:00 2024-08-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-09-01 830397856 AMERICAN BANKERS ASSOCIATION COMMUNITY ENGAGEMENT FOUNDATION AMER 2026635054 1333 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20036 KARIN PETERSEN FLYNN CFAO 2026635054 2025-07-09 1 0 AMY CHAPMAN P00843460 5712279500 2025-07-02 2023 2025-03-06 01:10:19Z ABA FOUNDATION PETER COOK 1333 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20036 3682491 0 X WWW.ABA.COM/ABOUT-US/ABA-FOUNDATION X 2004 DC HELP BANKS & BANKERS MAKE THEIR COMMUNITIES BETTER THROUGH LEADERSHIP, PARTNERSHIPS & PROGRAMS. 16 16 0 1500 0 0 536903 815980 325000 140000 177894 666574 0 0 1039797 1622554 523550 639500 0 0 412973 478705 0 0 101004 398446 440903 1334969 1559108 -295172 63446 8447608 9196670 302016 151231 8145592 9045439 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. 0 0 639500 639500 0 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. 279607 0 25000 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. 164780 0 45000 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. 45836 0 25000 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. 5322 0 45000 ALL OTHER PROGRAMS. 51158 0 70000 1135045 1 1 0 0 0 0 0 0 0 1 0 1 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 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 AK AL AR CA CO CT DC FL GA HI IL KS KY 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 AVENUE NW WASHINGTON DC 20036 JANET GARUFIS CHAIR 1.00 0.00 X X 0 0 0 MICHELLE THORNHILL VICE CHAIR 1.00 0.00 X X 0 0 0 ANGIE GARCIA-LATHROP BOARD MEMBER 1.00 0.00 X 0 0 0 BONNIE WALLACE 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 DARLENE GOINS BOARD MEMBER 1.00 0.00 X 0 0 0 DAVE HANRAHAN BOARD MEMBER 1.00 0.00 X 0 0 0 DIEDRA PORCHE BOARD MEMBER 1.00 0.00 X 0 0 0 JACQUELINE J HOWARD BOARD MEMBER 1.00 0.00 X 0 0 0 KARINA SALTMAN 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 PETER GWALTNEY BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHANIE LOMIBAO BOARD MEMBER 1.00 0.00 X 0 0 0 PETER COOK CHIEF COMMUNICATIONS OFFICER 1.00 36.50 X 0 620612 77732 KARIN PETERSEN FLYNN CFAO 1.00 36.50 X 0 629792 119748 JIM MOYE SVP & SENIOR COUNSEL, CONTRACTS SECRETARY 1.00 36.50 X 0 322510 53006 LIA FORDJOUR SVP, PLANNING & REPORTING, TREASURER 1.00 36.50 X 0 256919 57687 LINDSAY TORRICO SVP, EXECUTIVE DIRECTOR 33.75 3.75 X 0 255328 31758 MELISSA MURRAY SR. DIRECTOR, COMMUNITY & ECONOMIC DEVELOPMENT 18.75 18.75 X 0 126456 30656 SAMUEL KUNJUKUNJU VP CONSUMER EDUCATION 37.50 0.00 X 0 167139 21388 0 2378756 391975 0 0 1 0 0 2930 813050 815980 OTHER PROGRAM SERVICE REVENUE 611710 70000 70000 TEACH CHILDREN TO SAVE 611710 45000 45000 SAFE BANKING FOR SENIORS 611710 25000 25000 140000 211812 211812 2514699 2059937 454762 454762 454762 1622554 140000 0 666574 639500 639500 32115 32115 340375 221136 83742 35497 39630 29289 10341 38038 1080 10282 26676 28547 17405 8106 3036 1358 1358 8838 8838 9136 9136 100856 100856 21658 21658 6442 3868 2574 19742 19700 42 51704 15909 35795 20608 8631 11977 49497 34662 14835 OVERHEAD 115162 115162 MEMBERSHIP DUES 17500 17500 MISCELLANEOUS 10746 10746 LICENSE FEES 7656 7656 1559108 1135045 323059 101004 94823 29012 76012 101247 2609 8835 7958717 8517335 315447 525852 0 14389 8447608 9196670 56405 24801 91667 42167 153944 84263 302016 151231 X 8145592 9045439 8145592 9045439 8447608 9196670 63446 836401 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 7068627 997792 8066419 7082303 -13676 7068627 9090104 -2007801 7082303 7833239 1256865 9090104 7641125 192114 7833239 1.00000 0.00000 0.00000 0 1 1 0 OTHER INVESTMENTS 525852 F 525852 DUE TO AFFILIATES 84263 84263 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: 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 2021. 1 ASSOCIATION OF MILITARY BANKS OF AMERICA INC 2300 WILSON BLVD STE 700 1042 ARLINGTON VA 22201 470583461 501(C)(6) 639500 0 N/A N/A SUPPORT OPERATIONS 0 1 PART I, LINE 2: TOTAL DONATIONS RECEIVED FROM THE FISCAL SPONSOR: $639,500 ITEMIZED SPENDING OF ANY FISCAL SPONSOR-DONATED FUNDS: $556,671 FISCAL SPONSOR-DONATED CASH ON HAND AT THE END OF THE REPORTING PERIOD (FY 2024): $112,155 THERE IS NO KNOWN FINANCIAL INFORMATION THAT WILL IMPACT, OR COULD HAVE AN EXPECTED IMPACT, ON THE FISCAL SPONSOR'S STATUS RELATED TO THE PROJECT. NUMBER OF NEW BANKS ENROLLED IN THE PROJECT: 14 0 1 0 0 0 0 0 0 0 KARIN PETERSEN FLYNN CFAO 0 508842 0 103880 0 17070 0 75209 0 44539 0 749540 0 0 PETER COOK CHIEF COMMUNICATIONS OFFICER 0 481246 0 96838 0 42528 0 39600 0 38132 0 698344 0 0 JIM MOYE SVP & SENIOR COUNSEL, CONTRACTS SECR 0 279758 0 39873 0 2879 0 38646 0 14360 0 375516 0 0 LIA FORDJOUR SVP, PLANNING & REPORTING, TREASURER 0 231725 0 22550 0 2644 0 31381 0 26306 0 314606 0 0 LINDSAY TORRICO SVP, EXECUTIVE DIRECTOR 0 221512 0 32018 0 1798 0 30550 0 1208 0 287086 0 0 SAMUEL KUNJUKUNJU VP CONSUMER EDUCATION 0 151168 0 15148 0 823 0 19958 0 1430 0 188527 0 0 MELISSA MURRAY SR. DIRECTOR, COMMUNITY & ECONOMIC D 0 114024 0 10142 0 2290 0 15613 0 15043 0 157112 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: $35,609. 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 DIRECTORS 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 DIRECTORS AT THE ANNUAL MEETING. THE BOARD OF DIRECTORS ADMINISTERS THE AFFAIRS OF THE FOUNDATION AND HAS FULL AUTHORITY TO ACT BETWEEN ANNUAL MEETINGS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE CFAO OF AMERICAN BANKERS ASSOCIATION SERVES AS APPOINTED CFAO 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 ABACEF HAS NO EMPLOYEES. THE OFFICERS AND EMPLOYEES SHOWN ON PART VII, SECTION A, ARE EMPLOYEES OF THE RELATED ORGANIZATION, AMERICAN BANKERS ASSOCIATION (ABA). ABA'S COMPENSATION COMMITTEE, COMPRISED OF BOARD OF DIRECTOR MEMBERS, IS RESPONSIBLE FOR REVIEWING THE COMPENSATION OF THE OFFICERS AND 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 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. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. 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 ABA STONIER SCHOLARSHIP INC 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 51704 ALLOCATION AMERICAN BANKERS ASSOCIATION O 478705 ALLOCATION AMERICAN BANKERS ASSOCIATION P 1546037 ACTUAL/CASH