2017-09-07T10:00:45-05:00 2017-04-30 350921680 CROWE HORWATH LLP 720 Cool Springs Blvd Suite 600 Franklin TN 370677260 990 2016-05-01 620379580 TENNESSEE BANKERS ASSOCIATION INC TENN 6152444871 211 ATHENS WAY 100 NASHVILLE TN 372281381 COLLIN Barrett President 2017-09-07 true Jackie Coburn P00244301 6153605500 2016 2021-01-29 14:40:06Z COLLIN BARRETT 211 ATHENS WAY 100 NASHVILLE TN 372281381 9738305 false X WWW.TNBANKERS.ORG X 1890 TN A TRADE ASSOCIATION ORGANIZED TO ASSIST, INFORM, & EDUCATE ITS MEMBERS WHO CONSIST OF COMMERCIAL BANKS, THRIFT INSTITUTIONS & TRUST COMPANIES IN TENNESSEE. 23 22 21 465 772509 301350 499152 548108 4558304 4820043 257899 395664 91869 104313 5407224 5868128 0 0 0 0 2210139 2132381 0 0 0 3256366 3359506 5466505 5491887 -59281 376241 15950449 16462931 1673822 1725360 14276627 14737571 THE MISSION OF THE TENNESSEE BANKERS ASSOCIATION IS TO REPRESENT AND SUPPORT ITS MEMBERS, ENABLING THEM TO PROVIDE A FULL RANGE OF QUALITY FINANCIAL PRODUCTS AND SERVICES WHILE MAINTAINING SAFETY AND SOUNDNESS. false false THE ORGANIZATION PROVIDED 62 EDUCATIONAL SEMINARS FOR BANKERS AND ASSOCIATE MEMBERS IN TENNESSEE. THE SEMINARS HAD A TOTAL OF 5,573 ATTENDEES. 0 false true false true false false false false false true true false true true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 68 0 true 21 true true true false false false false false X 23 22 true false true false true true true true true false false true true true true true true true true false TN X Angela Griffin 6152444871 211 Athens Way Suite 100 Nashville TN 37228 COLLIN B BARRETT PRESIDENT 29.0 9.0 X X 264093 0 79024 GORDON MAJORS CHAIRMAN 1.0 X X 0 0 0 JOHN MUSE VICE-CHAIRMAN 1.0 X X 0 0 0 LEE MOSS CHAIRMAN-ELECT 1.0 X X 0 0 0 DAVID VERBLE EX-OFFICIO 1.0 X X 0 0 0 JOHN JORDAN EX-OFFICIO DIRECTOR 1.0 X 0 0 0 H MCCALL WILSON JR DIRECTOR 1.0 X 0 0 0 R LYNN SHIPLEY JR DIRECTOR 1.0 X 0 0 0 PHILLIP L CRAWFORD DIRECTOR 1.0 X 0 0 0 MICHAEL E CARY DIRECTOR 1.0 X 0 0 0 RONALD G SMITH EX-OFFICIO 1.0 X 0 0 0 MICHAEL KRAMER DIRECTOR 1.0 X 0 0 0 BETTY SUE HIBDON DIRECTOR 1.0 X 0 0 0 D BRYAN JORDAN DIRECTOR 1.0 X 0 0 0 R MOLITOR FORD JR EX-OFFICIO DIRECTOR 1.0 X 0 0 0 PHILLIP RENFROE EX-OFFICIO DIRECTOR (EXP 11/16) 1.0 X 0 0 0 WILLIAM B MARSH EX-OFFICIO 1.0 X 0 0 0 JEFF AGEE EX-OFFICIO 1.0 X 0 0 0 GEORGE SHIRLEY DIRECTOR (START 6/17) 1.0 X 0 0 0 BILL NIGH DIRECTOR (START 6/17) 1.0 X 0 0 0 M TERRY TURNER DIRECTOR (EXP 5/16) 1.0 X 0 0 0 ANDERSON L SMITH DIRECTOR (EXP 5/16) 1.0 X 0 0 0 J LEE STEWART DIRECTOR (EXP 5/16) 1.0 X 0 0 0 BILL YODER EX-OFFICIO DIRECTOR (START 11/16) 1.0 X 0 0 0 RADFORD WEST EX-OFFICIO (START 6/16) 1.0 X 0 0 0 CHRIS SCHLUETER EX-OFFICIO DIRECTOR (EXP 04/17) 1.0 X 0 0 0 MICHELLE BING EX-OFFICIO DIRECTOR (START 04/17) 1.0 X 0 0 0 THOMAS BATES JR EX-OFFICIO DIRECTOR 1.0 X 0 0 0 ANGELA D GRIFFIN EXECUTIVE VP/CFO/TREASURER 23.0 15.0 X 114956 0 41203 TIMOTHY L AMOS EXECUTIVE VP/General Council/Secretary 32.0 6.0 X 194111 0 75563 AMY HEASLET SR VP & ASSOC COUNSEL 38.0 X 127110 0 17016 STEVE CURTIS VP OF INFORMATION TECHNOLOGY 38.0 X 105402 0 18485 805672 0 231291 5 false true false DWC Construction Company 800 6th Avenue STE 100 nASHVILLE TN 37203 CONSTRUCTION 280483 Stage Left Catering Inc 817 Marvin Layne Rd Mt Juliet TN 37122 CATERING 130418 2 X 192500 355608 548108 convention & seminar fee 900099 2425969 2425969 membership dues 900099 950962 950962 administrative fees 524114 375000 375000 commissions 524114 429208 429208 lease income 532000 189576 189576 449328 271845 177483 0 4820043 132937 132937 0 0 4132784 120 3869788 389 262996 -269 262727 262727 advertising income 900099 30450 30450 bankers directory 900099 18923 18923 administrative fee 900099 10000 10000 44940 44940 0 0 104313 5868128 4151847 772509 395664 0 782889 1074580 135820 16834 122258 15597 21394 16157 4536 0 0 0 63528 94483 39717 228111 61671 2157180 579 362868 48597 OTHER TAXES 102833 MAGAZINE EXPENSE 71926 PROCESSING FEES 33525 DUES & SUBSCRIPTIONS 33649 3155 0 0 0 5491887 0 0 0 274170 191384 324605 267424 145583 242136 0 0 0 154869 341669 10996024 3170028 7822181 7825996 5358678 5679844 919946 830722 0 950417 1083756 15950449 16462931 486764 511521 996524 1174879 14227 11257 176307 27703 1673822 1725360 X 14276627 14737571 14276627 14737571 15950449 16462931 X 376241 -26484 111187 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 950962 47846 47846 0 0 47846 1062438 1062438 8528002 2110596 6417406 130602 130602 1274982 1059432 215550 7825996 830722 F 830722 CASH SURRENDER VALUE OF OFFICER LIFE INSURANCE 1066201 INTEREST RECEIVABLE 17555 1083756 SUPPLEMENTAL RETIREMENT LIABILITY 27703 27703 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ASSOCIATION AND THE COMPANY FOLLOWS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER THE GUIDANCE, A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE ASSOCATION AND THE COPANY DO NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE ASSOCAITON AND THE COMPANY RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXEPENSE. THE ASSOCIATON AND THE COMPANY DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT APRIL 30, 2017 AND 2016. X X true true X X X X false true false COLLIN B BARRETT PRESIDENT 223202 0 39053 0 1838 0 58061 0 20963 0 343117 0 0 0 ANGELA D GRIFFIN EXECUTIVE VP/CFO/TREASURER 100823 0 14043 0 90 0 11284 0 29919 0 156159 0 0 0 TIMOTHY L AMOS EXECUTIVE VP/General Council/Secretary 175867 0 18015 0 229 0 43450 0 32113 0 269674 0 0 0 Schedule J, Part I, Line 1a Travel for companions Travel for companions: Senior Management and Board Members are provided travel for companions when there is deemed to be a bonafide business purpose which benefits the association. The expenses are reimbursed to the employee and/or board member once proper substantiation has been remitted. These payments are not taxable compensation to the employee or board member. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Tax Indemnification and gross-up payments: Employee Christmas Bonuses are distributed to all employees and taxable to the recipient and grossed up for FICA and Medicare taxes. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following individuals participated in a supplemental nonqualified retirement plan; the deferred amounts below are listed in Schedule J, Part II, column (C): AMOUNTS DEFERRED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN CY 2016: COLLIN BARRETT $35,000 AND TIMOTHY AMOS $25,691 Form 990, Part VI, Line 1a Delegate broad authority to a committee There shall be an Executive Committee of the Board of Directors composed of the Chairman, Immediate Past Chairman, the Chairman elect, the Vice Chairman, and the President. The Executive Committee shall have charge of the general business and financial affairs of the Association when the Board of Directors is not in session. The Executive Committee may meet upon the call of the Chairman or President of the Association, and the attendance of three members of this committee shall constitute a quorum. This committee shall make a full report of all official actions taken. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons COLLIN B. BARRETT AND ANGELA D. GRIFFIN - BOTH SERVE ON THE BOARD OF FINANCIAL PRODUCTS & SERVICES, INC. , A RELATED FOR-PROFIT COMPANY - Business relationship Form 990, Part VI, Line 4 Significant changes to organizational documents IN JUNE OF 2016, THE BYLAWS WERE AMENDED TO REFLECT THE CHANGES IN THE COMPOSITION OF THE GOVERNING BODY'S VOTING MEMBERS. Form 990, Part VI, Line 6 Classes of members or stockholders The Tennessee Bankers Association has 2 classes of members: (1) Regular and (2) Associate. The members (or their delegates) may attend membership meetings and vote and participate in the business of such meetings. The Chairman, Chairman-elect, and Vice Chairman shall be elected by the regular members at the annual meeting. In addition, the bylaws may be amended and voted on by the delegates at the annual meeting. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Members have the right to voice vote in election matters at the annual meeting. The Tennessee Bankers Association has 2 classes of members: (1) Regular and (2) Associate. The by-laws may be amended at any annual meeting or by a written ballot by a vote of two thirds of the delegates present or a majority of the voting power, whichever is less, notice of the proposed amendment having been first submitted to the secretary. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The Chairman, Chairman Elect, and Vice-Chairman shall be elected by the regular members at the annual meeting for a period of one year and shall serve until their successors are elected. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 AND ALL RELATED SCHEDULES ARE REVIEWED BY THE CFO, PRESIDENT, AND EXECUTIVE COMMITTEE OF THE TENNESSEE BANKERS ASSOCIATION BOARD OF DIRECTORS PRIOR TO FILING IT WITH THE IRS. An electronic copy of the final Form 990 is provided to all members of the organization's governing body prior to filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy The board of directors, officers, and key employees must review and sign a written copy of the conflict of interest policy on an annual basis. Senior management reviews for conflict disclosures and none have been disclosed, suspected, or discovered. Should there be the possibility of a conflict, the conflict may be resolved by having the director disclose to the chairman, and, if necessary the entire board, the possibility and nature of the conflict. After disclosure, the board member may participate in a discussion on the issue. However, the director should abstain in any vote on the matter. In order to assure compliance with the provisions of this policy, it is the duty of every director, officer, and employee to bring to the attention of the appropriate board member, senior officer, or supervisor, any violation or possible violation of this policy. It is the further duty of the person so notified to communicate the violation or potential violation to the president, or if the violation is by the president, to the chairman of the board, who shall institute an investigation of such violation or potential violation. A violation of this policy shall, at the discretion of the board, result in the suspension or termination of the director, officer, or employee involved. Form 990, Part VI, Line 15a Process to establish compensation of top management official The compensation of the President is reviewed by the compensation committee and voted on by the full board of directors. Salary surveys are utilized and sent to the compensation committee and full board for approval, and contemporaneous documentation is performed with regard to these transactions. This process was undertaken in FY 2017. Form 990, Part VI, Line 15b Process to establish compensation of other employees The compensation of other officers and key employees is reviewed by the compensation committee and voted on by the full board of directors. Salary surveys are utilized and sent to the compensation committee and full board for approval, and contemporaneous documentation is performed with regard to these transactions. This process was undertaken in FY 2017. Form 990, Part VI, Line 19 Required documents available to the public Governing documents, conflict of interest policies, and financial statements are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part VIII, Line 2f Other Program Service Revenue Magazine - Total Revenue: 95771, Related or Exempt Function Revenue: , Unrelated Business Revenue: 95771, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Training Center - Total Revenue: 353557, Related or Exempt Function Revenue: 271845, Unrelated Business Revenue: 81712, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Miscellaneous Income - Total Revenue: 44940, Related or Exempt Function Revenue: 44940, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances EQUITY IN EARNINGS OF SUBSIDIARY - 111187; FINANCIAL PRODUCTS & SERVICES INC 211 ATHENS WAY NASHVILLE TN 372281383 621470108 INSURANCE TN TENNESSEE BANKERS ASSOCIATION C Corporation 204911 1646352 1 true true false true false false true false false false false false true false false true false false false false FINANCIAL PRODUCTS AND SERVICES INC A 189576 FMV FINANCIAL PRODUCTS AND SERVICES INC C 192500 FMV FINANCIAL PRODUCTS AND SERVICES INC L 375000 FMV FINANCIAL PRODUCTS AND SERVICES INC F 200000 FMV