Nonprofit · EIN 52-0884907
NATIONAL BANKERS ASSOCIATION INC
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,356,113 | $2,039,247 | $316,866 | $5,289,247 | $986,866 | $4,302,381 |
| December 31, 2023 | 990 | $2,165,080 | $1,445,906 | $719,174 | $5,154,341 | $1,168,826 | $3,985,515 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,379,750
- Membership dues
- $1,151,750
- Program service revenue
- $803,831
- Investment income
- $130,532
- Net rental income
- $42,000
- Other revenue
- $42,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $478,885
- Other salaries and wages
- $114,238
- Salaries, compensation and benefits (total)
- $684,186
- Professional fundraising fees
- $0
- Accounting fees
- $41,280
- Occupancy
- $10,622
- Travel
- $33,651
- Depreciation
- $7,585
- Program services (functional)
- $1,527,371
- Management and general (functional)
- $511,876
Balance sheet and other
- Total assets, start of year
- $5,154,341
- Total assets, end of year
- $5,289,247
- Total liabilities, end of year
- $986,866
- Net assets, end of year
- $4,302,381
- Land, buildings and equipment
- $177,405
- Net assets without donor restrictions
- $4,302,381
- Gross receipts
- $2,356,113
- Employees
- 4
- Volunteers
- 13
- Year formed
- 1927
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| NICOLE ELAM | PRESIDENT & CEO Officer | 35 | $405,461 | $117,350 |
| MICHELLEDAVIS | CHIEF OFER.OFFICER Officer | 40 | $73,424 | $75,384 |
| ROBERT EJAMESII | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| CYNTHIA DAY | 1ST VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TODD MCDONALD | 2ND VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT COOPER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| REY GARCIA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| B DOYLE MITCHELL | AT LARGE Trustee or director | 1 | $0 | $0 |
| DOMINIK MJARTAN | AT LARGE Trustee or director | 1 | $0 | $0 |
| EVELYN FSMALLS | AT LARGE Trustee or director | 1 | $0 | $0 |
| PATRICK COOPER | AT LARGE Trustee or director | 1 | $0 | $0 |
| TRAVIS KIYOTA | AT LARGE Trustee or director | 1 | $0 | $0 |
| DR KASE LAWAL | AT LARGE Trustee or director | 1 | $0 | $0 |
| CYNTHIA NEWELL | AT LARGE Trustee or director | 1 | $0 | $0 |
| SUCHITRA PADMANABHAN | AT LARGE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Nicole Elam | President & CEO Officer | 35 | $305,963 | $66,575 |
| Michelle Davis | Chief Oper.Officer | 40 | $25,962 | $24,808 |
| Robert E James II | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Cynthia Day | 1st Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| B Doyle Mitchell | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Robert Cooper | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Dominik Mjartan | At Large Trustee or director | 1 | $0 | $0 |
| Evelyn F Smalls | At Large Trustee or director | 1 | $0 | $0 |
| Kenneth Kelly | Past Chair Trustee or director | 1 | $0 | $0 |
| Patrick Cooper | At Large Trustee or director | 1 | $0 | $0 |
| Todd McDonald | 2nd Vice Chair Trustee or director | 1 | $0 | $0 |
| Travis Kiyota | At Large Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1513 P ST NW, WASHINGTON, DC 20005-1909
- Principal officer (990 for 2024)
- NICOLE ELAM, 1513 P STREET NW, WASHINGTON, DC 20005
- Signed the 990
- NICOLE ELAM, PRESIDENT & CEO
- Phone
- (202) 588-5432
- Return prepared by
- SB & COMPANY LLC
Mission
A MEMBER-FOCUSED ORGANIZATION THAT PROVIDES ADVOCACY, EDUCATION PROGRAMS, SECTOR COMMUNICATION, AND PARTNERSHIPS THAT ASSIST MEMBERS, PARTICULARLY MINORITY DEPOSITORY INSTITUTIONS, IN PROVIDING FINANCIAL SERVICES TO THEIR COMMUNITIES.
Program accomplishments
- REPRESENTATION, COLLABORATION AND ADVOCACY WITHIN BANKING COMMUNITY AND NBA MEMBER BANKS.Expenses $1,251,674
- ANNUAL CONVENTION AND EDUCATION TRAINING CONFERENCE; ANNUAL CONFERENCE IS HELD IN WASHINGTON DC.Expenses $275,697 · revenue $803,831
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-0884907
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W60C)
- Assets (IRS master file)
- $5,289,247
- Income (IRS master file)
- $2,356,113
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,356,113 | $2,039,247 | $5,289,247 | XML |
| 990 | December 2023 | $2,165,080 | $1,445,906 | $5,154,341 | XML |
| 990 | December 2022 | $4,029,508 | $1,612,813 | $3,829,247 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-0884907).
Questions about NATIONAL BANKERS ASSOCIATION INC
- What is the EIN of NATIONAL BANKERS ASSOCIATION INC?
- The employer identification number (EIN) of NATIONAL BANKERS ASSOCIATION INC is 52-0884907.
- Is NATIONAL BANKERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
- Are donations to NATIONAL BANKERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NATIONAL BANKERS ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL BANKERS ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL BANKERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NATIONAL BANKERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names NICOLE ELAM.
- Who are the officers and directors of NATIONAL BANKERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 2 received compensation from the organization, the highest $405,461 (NICOLE ELAM, PRESIDENT & CEO).
- How much revenue does NATIONAL BANKERS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,356,113, expenses of $2,039,247 and total assets of $5,289,247 at year end.
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