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Posts tagged ‘Rob Nichols’

2
Jun

Executive Compensation at the American Bankers Association (ABA) 2023

The American Bankers Association (ABA) is a non-profit 501 (c) (6) organization – “a business league that pushes advocacy, provides education, products, and solutions to its membership and the financial services industry.” In other words, the ABA is a tax-exempt association for banks, savings and loans, and trust companies. Based in Washington, DC the ABA engages in lobbying, works to establish banking standards, and educates the public and its members.

While some people think of non-profits as almost an afterthought, the ABA is anything but insignificant. The ABA raises about $150 million annually, typically spends less than it brings in, and has accumulated more than $600 million in net assets. Read more »

17
Apr

Executive Compensation at the American Bankers Association (ABA) 2022

The American Bankers Association (ABA) is a non-profit 501 (c) (6) organization – “a business league that pushes advocacy, provides education, products, and solutions to its membership and the financial services industry.” In other words, the ABA is a tax-exempt association for banks, savings and loans, and trust companies. Based in Washington, DC the ABA engages in lobbying, works to establish banking standards, and educates the public and its members.

While some people think of non-profits as almost an afterthought, the ABA is anything but insignificant. The ABA raises more than $140 million annually, typically spends less than it brings in, and has accumulated$ 573 million in net assets – a $450 million increase over the previous year due to a windfall on the income statement in 2022 referred to as “transaction fees.”   Read more »

15
Apr

Executive Compensation at the American Bankers Association (ABA) 2021

The American Bankers Association (ABA) is a non-profit 501 (c) (6) organization – “a business league that pushes advocacy, provides education, products, and solutions to its membership and the financial services industry.” In other words, the ABA is a tax-exempt association for banks, savings and loans, and trust companies. Based in Washington, DC the ABA engages in lobbying, works to establish banking standards, and educates the public and its members.

While some people think of non-profits as almost an afterthought, the ABA is anything but insignificant. The ABA raises more than $140 million annually, typically spends less than it brings in, and has accumulated $121 million in net assets. Read more »

12
Feb

Executive Compensation at the American Bankers Association (ABA) 2020

The American Bankers Association (ABA) is a non-profit 501 (c) (6) organization – “a business league that pushes advocacy, provides education, products, and solutions to its membership and the financial services industry.” In other words, the ABA is a tax-exempt association for banks, savings and loans, and trust companies. Based in Washington, DC the ABA engages in lobbying, works to establish banking standards, and educates the public and its members.

While some people think of non-profits as almost an afterthought, the ABA is anything but insignificant. The ABA raises more than $135 annually, typically spends less than it brings in, and has accumulated nearly $60 million in net assets. (although net assets would be significant higher if not for a $35 million downward adjustment because of underfunded pension requirements in 2019). Read more »

12
Feb

Executive Compensation at the American Bankers Association (2019)

The American Bankers Association (ABA) is a non-profit 501 (c) (6) organization – “a business league that pushes advocacy, provides education, products, and solutions to its membership and the financial services industry.” In other words, the ABA is a tax-exempt association for banks, savings and loans, and trust companies. Based in Washington, DC the ABA engages in lobbying, works to establish banking standards, and educates the public and its members.

While some people think of non-profits as almost an afterthought, the ABA is anything but insignificant. The ABA raises more than $100 annually, typically spends less than it brings in, and has accumulated nearly $50 million in net assets (although net assets would be significant higher if not for a $35 million downward adjustment because of underfunded pension requirements). Read more »

17
Nov

Executive Compensation at the American Bankers Association

The American Bankers Association is a non-profit 501 (c) (6) organization – “a business league that pushes advocacy, provides education, products, and solutions to its membership and the financial services industry.” In other words, the ABA is a non-profit association for banks, savings and loans, and trust companies. Based in Washington, DC the ABA engages in lobbying, works to establish banking standards, and educates the public and its members.

While some people think of non-profits as almost an afterthought, the ABA is anything but insignificant. The ABA raises more than $100 annually, typically spends less than it brings in, and has accumulated more than $40 million in net assets. But, what is particularly startling is the compensation of executives.

In 2017, 398 employees were compensated $66 million, which equates to an average compensation of $166,300. However, only 173 employees received more than $100,000 in compensation which means there were some very highly compensated people in the organization. Read more »