2011-07-13T16:05:46-07:00 2010-08-31 990 2009-09-01 521001304 AMERICAN BANKERS ASSOCIATION AMER 2026635054 1120 Connecticut Ave NW Washington DC 20036 Robert Eady 2026635054 2011-07-14 2009 2016-02-24 21:20:13Z Frank A Keating II 1120 Connecticut Ave NW Washington DC 20036 128593573 0 X www.aba.com X 1875 DC THE AMERICAN BANKERS ASSOCIATION IS A BUSINESS LEAGUE THAT PURSUES ADVOCACY, PROVIDES EDUCATION, AND PROFFERS PRODUCTS AND SOLUTIONS TO ITS MEMBERSHIP AND THE FINANCIAL SERVICES INDUSTRY GENERALLY. 33 31 353 1200 1269377 108926 0 60716963 59712006 -9226224 6377788 12532575 14595904 64023314 80685698 0 0 0 0 50659153 47532666 0 0 0 35645508 32322003 86304661 79854669 -22281347 831029 119120308 117003735 109064978 135770183 10055330 -18766448 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 0 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. 0 0 0 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. 0 0 0 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 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 317 0 1 353 1 1 1 0 0 0 1 1 33 31 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X Barry Epstein 2026635054 1120 Connecticut Ave NW Washington DC 20036 Craig Blunden 1 X 0 0 0 Dorothy Bridges 1 X 0 0 0 Stephen G Crowe 1 X 0 0 0 Joseph R Ficalora 1 X 0 0 0 Paul G Willson 1 X 0 0 0 Michael C Miller 1 X 0 0 0 Michael E Nolan 1 X 0 0 0 Robert P Oeler 1 X 0 0 0 J Scott Wilfong 1 X 0 0 0 Matthew H Williams 1 X 0 0 0 Richard E Anthony 1 X 0 0 0 Barrie G Christman 1 X 0 0 0 Robert L Fenstermacher 1 X 0 0 0 Raymond G Hallock 1 X 0 0 0 Gary D Hemmer 1 X 0 0 0 Thomas L Hoy 1 X 0 0 0 John A Ikard 1 X 0 0 0 James F McKenna 1 X 0 0 0 Patrick D Redmond 1 X 0 0 0 William J Small 1 X 0 0 0 Kent A Steinwert 1 X 0 0 0 Peter Y Waller 1 X 0 0 0 Steven B Wiggs 1 X 0 0 0 Norman J Williams 1 X 0 0 0 Arthur R Connelly 1 X 0 0 0 David Bochnowski 1 X 0 0 0 Kathleen M Murphy 1 X 0 0 0 Arthur C Johnson 1 X 0 0 0 Stephen P Wilson 1 X 0 0 0 Albert C Kelly Jr 1 X 0 0 0 William R White 1 X 0 0 0 Edward L Yingling 37.5 X 1254861 0 1073306 Diane M Casey-Landry 37.5 X 907147 0 106491 Robert G Eady 37.5 X 305257 0 79588 Wayne Abernathy 37.5 X 491914 0 102491 Floyd Stoner 37.5 X 441523 0 277171 Doug Adamson 37.5 X 349647 0 163297 Robert Schmermund 37.5 X 286693 0 54014 Robert R Davis 37.5 X 418977 0 67639 Jeffrey Owen 37.5 X 328490 0 137612 Virginia Dean 37.5 X 308385 0 157689 Dawn Causey 37.5 X 299664 0 104191 John Wolff 37.5 X 273745 0 114545 Donald G Ogilvie 1 X 869701 0 0 6536004 0 2438034 115 1 1 0 Brunner 11 Stanwix St 5th Fl Pittsburgh PA 15222 Consulting 1143280 The Glover Park Group 1025 F St NW 9th Fl Washington DC 20004 Consulting 1007655 Ernst & Young 1001 Penn Ave NW Ste 601 Washington DC 20004 Consulting 240000 LECG LLC Secura Group PO Box 952423 St Louis MO 63195 Consulting 203400 Dan Perrin 308B Constitution Ave NE Washington DC 20002 Consulting 180000 18 0 Membership Dues 900099 31448843 31448843 0 0 Conventions & Conferences 900099 9846372 6366482 112593 3367297 Dues & Fees Arrangements 900099 5113581 4731598 335073 46910 School & In-Bank Training 900099 8012843 7989596 0 23247 Publications & Subscriptions 900099 1959690 1253565 560973 145152 3330677 3280647 49868 162 59712006 2280189 0 0 2280189 0 0 0 0 13465463 0 210870 13254593 0 0 51771993 0 47674394 0 4097599 0 4097599 0 0 4097599 1363922 233481 1130441 1130441 0 0 0 80685698 56201172 1269377 23215149 5666303 29675482 5909779 3889907 2391195 286953 114700 1096146 235698 8309549 535366 2348426 1073236 1201614 7692874 2644547 3471132 2148680 761086 Overhead Allocated to Subsidiaries -3940357 Fingerprint Processing 1567920 Printing & Publications 1531988 Miscellaneous Expenses 638347 UBIT 37046 567052 79854669 0 0 0 10527192 12326469 4209789 4750024 92721 209264 2867314 1687083 20495667 6275078 16166624 14220589 66178244 64628022 19078424 19182284 119120308 117003735 17025608 16776217 25704143 24225490 66335227 94768476 109064978 135770183 X 10055330 -18766448 0 0 0 0 10055330 -18766448 119120308 117003735 X 0 1 1 X 0 0 0 1 32288537 6121670 -1647504 4474166 7426364 -2952198 SchC_P3B_S00_L01 Schedule C, Part III-B, Line 1 Part III-B: For lobby reporting we include an additional $839,694 of "Service Memberships" which is included in Dues & fees arrangements of Part VIII, Line 2c, in addition to the $31,448,843 in normal membership dues. 0 0 0 0 0 0 0 0 11575621 2282210 9293411 0 3707299 2882993 824306 0 5212747 1109875 4102872 14220589 Life Insurance Policies 18752788 Courseware Development 211387 Security Deposit 88100 Miscellaneous Assets 77575 Travel Advances 34152 Metrocheck 18282 19182284 0 Deferred Compensation 2697977 Accrued Pension Liability 92070499 94768476 80685698 79854669 831029 -1130171 0 0 0 -28522636 -29652807 -28821778 79789008 -1130171 0 0 0 -1130171 80919179 0 -233481 -233481 80685698 108610786 0 0 0 28756117 28756117 79854669 0 0 0 79854669 SchD_P10_S00_L00 Schedule D, Part X Note 1. Nature Of Activities And Significant Accounting Policies Recently issued accounting pronouncements: On September 1, 2009, the Association adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Association may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated the Association's tax positions and concluded that the Association had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. With few exceptions, the Association is no longer subject to income tax examinations by the U.S. federal, state, or local tax authorities for years before 2007. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Pension & Postretirement Medical Related Changes Other than Net Periodic Pension Cost $ (28,522,636) SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Cost of Goods Sold $233,481 reported on Form 990 Part VIII, Line 10b. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Cost of Goods Sold $233,481 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 losses on pension and post-retirement medical trust fund investments $28,522,636. Total: 233,481 + 28,522,636 = 28,756,117 X X X X X 1 1 X X X 0 1 0 Edward L Yingling 1058600 0 175000 0 21261 0 1042700 0 30606 0 2328167 0 0 Diane M Casey-Landry 767757 0 125000 0 14390 0 82350 0 24142 0 1013639 0 0 Robert G Eady 288484 0 14700 0 2072 0 53052 0 26536 0 384844 0 Wayne Abernathy 469704 0 18900 0 3310 0 76650 0 25841 0 594405 0 Floyd Stoner 412857 0 21420 0 7246 0 253100 0 24071 0 718694 0 Doug Adamson 325938 0 18900 0 4809 0 133503 0 29795 0 512945 0 Robert Schmermund 267016 0 17430 0 2247 0 26470 0 27544 0 340707 0 Robert R Davis 377563 0 18900 0 22513 0 36850 0 30790 0 486616 0 Jeffrey Owen 303014 0 21420 0 4056 0 116015 0 21597 0 466102 0 Virginia Dean 285950 0 17430 0 5005 0 143217 0 14473 0 466075 0 Dawn Causey 284891 0 12600 0 2172 0 79664 0 24528 0 403855 0 John Wolff 244539 0 21000 0 8206 0 97212 0 17332 0 388289 0 Donald G Ogilvie 75000 0 0 0 0 0 794701 0 0 0 869701 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a 1a. First-class travel/Travel for companions: Certain officers of the organization (six in total) are allowed to fly first class and may bring a companion at their discretion. 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. Personal Services: Tax preparation is provided to the President & CEO, Edward L. Yingling and is taxable income included in his compensation. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 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: Edward L. Yingling $1,026,200 Robert G. Eady $45,700 Wayne Abernathy $69,300 Floyd Stoner $238,400 Dawn Causey $68,300 John Wolff $82,500 Doug Adamson $118,800 Jeffrey Owen $101,300 Virginia Dean $128,500. SchJ_P02_S00_L00 Schedule J, Part II Part II, Donald G. Ogilvie, former President & CEO, received a deferred compensation payment of $277,368 from the Supplemental Employee Retirement Plan on 5/15/10. F990_P01_S00_L06 Form 990, Part I, Line 6 The estimated number of volunteers was derived from counting the distinct number of individuals participating in an ABA sponsored committee per the Association's membership data base. F990_P06_S0A_L04 Form 990, Part VI, Section A, Line 4 The bylaws of the ABA was amended to reduce the number of Board of Directors for the tax year. F990_P06_S0A_L06 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"). F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Regular Members of the ABA annually elect the organization's Officers and Board of Directors, which acts as the Association's governing body. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b In addition to the annual elections, the Regular Members vote on major corporate actions such as a merger or acquisition and in the event of a possible dissolution. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The Association'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. F990_P06_S0B_L12c 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. F990_P06_S0B_L15 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 in 2008 for the Association. The methodology used included the following: * Utilizing salary surveys, including those from Mercer, Watson Wyatt, PRM Consulting, 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. F990_P06_S0C_L19 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, ABA's Form 990 including all required schedules is available for public inspection upon request. 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