2024-07-12T12:46:30-05:00 2023-08-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-09-01 521935145 ABA SECURITIES ASSOCIATION ABAS 2026635054 1333 NEW HAMPSHIRE NW WASHINGTON DC 20036 KARIN PETERSEN FLYNN CHIEF FINANCIAL OFFICER 2026635000 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 ANANDA RADHAKRISHNAN 1333 NEW HAMPSHIRE NW WASHINGTON DC 20036 414000 0 X N/A X 1995 DE REPRESENTS BANKS DEALING WITH SECURITIES BEFORE CONGRESS AND STATES. 18 18 0 18 0 0 0 0 414000 414000 0 0 0 0 414000 414000 0 0 0 0 240531 151143 0 0 0 180666 198751 421197 349894 -7197 64106 13000 0 3849043 3771937 -3836043 -3771937 X SEE SCHEDULE OTHE ABA SECURITIES ASSOCIATION (ABASA) IS A SEPARATELY CHARTERED TRADE ASSOCIATION AND NON-PROFIT SUBSIDIARY OF THE AMERICAN BANKERS ASSOCIATION WHOSE MISSION IS TO REPRESENT THE INTERESTS OF BANKS UNDERWRITING AND DEALING IN SECURITIES, PROPRIETARY MUTUAL FUNDS AND DERIVATIVES BEFORE CONGRESS AND THE FEDERAL GOVERNMENT. ABASA MEMBERS ARE LARGE FINANCIAL INSTITUTIONS WITH SIGNIFICANT CAPITAL MARKETS BUSINESSES. 0 0 ABASA REPRESENTS THE INTERESTS OF BANKS UNDERWRITING AND DEALING IN SECURITIES, PROPRIETARY MUTUAL FUNDS, AND DERIVATIVES BEFORE CONGRESS, AND FEDERAL AND STATE GOVERNMENTS. ABASA SUPPORTS BANK SECURITIES OPERATIONS THROUGH RESEARCH, EDUCATION, COMPLIANCE ASSISTANCE AND 'PEER GROUP' OPPORTUNITIES. 0 0 0 1 0 0 0 0 0 0 0 0 0 1 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 0 1 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X CRYSTAL REDDING 2026635384 1333 NEW HAMPSHIRE NW WASHINGTON DC 20036 STEPHEN PHILIPSON CHAIRMAN 1.00 X X 0 0 0 ROBERT MUNSEY VICE CHAIRMAN 1.00 X X 0 0 0 JEFFREY T BROWN MEMBER 1.00 X 0 0 0 REBECCA CROWE MEMBER 1.00 X 0 0 0 PER DYRVIK MEMBER 1.00 X 0 0 0 JOHN GREGG MEMBER 1.00 X 0 0 0 STEVE KIKER MEMBER 1.00 X 0 0 0 WILLIAM L KUHN IV MEMBER 1.00 X 0 0 0 CHARLOTTE B MCLAUGHLIN MEMBER 1.00 X 0 0 0 MATTHEW MILCETICH MEMBER 1.00 X 0 0 0 DANIEL MORGAN MEMBER 1.00 X 0 0 0 PETER PHELAN MEMBER 1.00 X 0 0 0 DOUGLAS W PREISER MEMBER 1.00 X 0 0 0 BRAD A ROTHBAUM MEMBER 1.00 X 0 0 0 C KYLE RUSS MEMBER 1.00 X 0 0 0 KEVIN W STONE MEMBER 1.00 X 0 0 0 HIREN THADANI MEMBER 1.00 X 0 0 0 BOB TULL MEMBER 1.00 X 0 0 0 ANANDA RADHAKRISHNAN TREASURER & EXECUTIVE DIRECTOR 7.50 30.00 X 0 257680 39468 JUSTIN M UNDERWOOD TREASURER & EXEC DIR. THRU 09/22 7.50 30.00 X 0 152468 19049 KARIN PETERSEN FLYNN CHIEF FINANCIAL OFFICER 1.00 36.50 X 0 648376 103398 0 1058524 161915 0 0 1 0 0 MEMBERSHIP DUES 813910 414000 414000 414000 414000 414000 0 0 101675 16981 26086 6401 85000 4350 1377 23279 103 21157 ADMINISTRATIVE EXPENSES 52919 IN-HOUSE MEALS 10131 435 349894 13000 13000 0 25145 30000 253000 46000 3570898 3695937 3849043 3771937 X -3836043 -3771937 -3836043 -3771937 13000 0 64106 0 X 0 1 X 1 0 0 0 1 414000 -539307 -539307 -539307 0 DUE TO AFFILIATES 3695937 3695937 X PART X, LINE 2: INCOME TAX: ABASA IS CLASSIFIED FOR TAX PURPOSES AS TAX-EXEMPT BUSINESS LEAGUES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC). THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR THESE ENTITIES IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS, EXCEPT FOR THAT RESULTING FROM THE ASSOCIATION'S UNRELATED BUSINESS INCOME ABASA DID NOT HAVE ANY UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED AUGUST 31, 2023 AND 2022, RESPECTIVELY. 0 1 0 KARIN PETERSEN FLYNN CHIEF FINANCIAL OFFICER 0 488625 0 148000 0 11751 0 77148 0 26250 0 751774 0 0 ANANDA RADHAKRISHNAN TREASURER & EXECUTIVE DIRECTOR 0 237363 0 16160 0 4157 0 30445 0 9023 0 297148 0 0 JUSTIN M UNDERWOOD TREASURER & EXEC DIR. THRU 09/22 0 136688 0 0 0 15780 0 18146 0 903 0 171517 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 VI, SECTION A, LINE 6 THE ABA SECURITIES ASSOCIATION (ABASA) IS A SEPARATELY INCORPORATED TRADE ASSOCIATION AND NON-PROFIT AFFILIATE OF THE AMERICAN BANKERS ASSOCIATION (ABA). ABASA MEMBERS ARE LARGE FINANCIAL SERVICES HOLDING COMPANIES WITH SIGNIFICANT SECURITIES OPERATIONS. FORM 990, PART VI, SECTION A, LINE 7A REGULAR MEMBERS OF ABASA ANNUALLY ELECT THE ORGANIZATION'S OFFICERS AND BOARD OF DIRECTORS, WHICH ACTS AS THE ASSOCIATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B IN ADDITION TO THE ANNUAL ELECTIONS, THE REGULAR MEMBERS VOTE ON MAJOR CORPORATE ACTIONS AS REQUIRED BY THE MEMBERSHIP AND AMENDMENTS TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE CFO OF THE AMERICAN BANKERS ASSOCIATION SERVES AS THE APPOINTED CFO OF THE ABA SECURITIES ASSOCIATION. ABA'S MANAGEMENT, WHICH INCLUDES CERTIFIED PUBLIC ACCOUNTANTS, CONDUCTED SEVERAL INTERNAL REVIEWS OF THE COMPLETED FORM 990 WHICH WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C ABASA 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 ABASA HAS NO EMPLOYEES. THE OFFICERS 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 ASSOCIATION'S OFFICERS 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 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. - MINUTES ARE KEPT OF THE COMPENSATION COMMITTEE'S DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 19 ABASA 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. ABA COMMUNITY ENGAGEMENT FOUNDATION 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 830397856 EDUCATION DC 501(C)(3) LINE 12A, I AMERICAN BANKERS ASSOCIATION 0 AMERICAN BANKERS ASSOCIATION 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 521001304 BANKING MEMBERSHIP DC 501(C)(6) 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 EMERGING COMMUNITY BANK LEADERS 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 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 AMERICAN BANKERS ASSOCIATION N 23279 ALLOCATION AMERICAN BANKERS ASSOCIATION O 151143 ALLOCATION AMERICAN BANKERS ASSOCIATION P 349894 ACTUAL/CASH AMERICAN BANKERS ASSOCIATION R 414000 ACTUAL/CASH