Nonprofit · EIN 52-1767808
AMERICAN BANKERS ASSOCIATION VOLUNTARY EMPLOYEE BENEFIT ASSN
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $956,140 | $1,438,811 | -$482,671 | $16,610,421 | $77,999 | $16,532,422 |
| December 31, 2023 | 990 | $779,358 | $1,696,963 | -$917,605 | $16,181,371 | $106,903 | $16,074,468 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $200,058
- Investment income
- $756,082
- Net gain from sales of assets
- $304,005
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,320,556
- Compensation of officers, directors and key employees
- $44,091
- Salaries, compensation and benefits (total)
- $44,091
- Professional fundraising fees
- $0
- Accounting fees
- $28,320
Balance sheet and other
- Total assets, start of year
- $16,181,371
- Total assets, end of year
- $16,610,421
- Total liabilities, end of year
- $77,999
- Net assets, end of year
- $16,532,422
- Publicly traded securities
- $16,601,549
- Gross receipts
- $1,966,723
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1991
- 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 | Other / benefits |
|---|---|---|---|---|---|
| KARIN PETERSEN FLYNN | CHIEF FINANCE & ADMIN OFFICER Officer | 1 | $0 | $656,638 | $124,160 |
| ALETHIA BAGGETT | CHIEF HUMAN RESOURCES OFFICER Officer | 1 | $0 | $582,751 | $93,216 |
| NORTHERN TRUST COMPANY | TRUSTEE Institutional trustee | 1 | $44,091 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KARIN PETERSEN FLYNN | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $629,791 | $105,727 |
| ALETHIA BAGGETT | CHIEF HUMAN RESOURCES OFFICER Officer | 1 | $0 | $559,685 | $70,096 |
| NORTHERN TRUST COMPANY | TRUSTEE Institutional trustee | 1 | $14,239 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1333 NEW HAMPSHIRE AVE NW STE 700, WASHINGTON, DC 20036-1532
- Principal officer (990 for 2024)
- ALETHIA BAGGETT, 1333 NEW HAMPSHIRE AVENUE NW 700, WASHINGTON, DC 20036
- Signed the 990
- KARIN FLYNN, CHIEF FINANCE & ADMIN OFFICER
- Phone
- (202) 663-5384
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
ABA VEBA IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION OF THE AMERICAN BANKERS ASSOCIATION. THE MAIN ACTIVITIES OF THE ABA VEBA IS TO PROVIDE MEDICAL AND INSURANCE BENEFITS TO ABA'S RETIREES AND THEIR BENEFICIARIES.
Program accomplishments
- PROVISION OF MEDICAL AND INSURANCE BENEFITS FOR RETIREES AND BENEFICIARIES.
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
- 52-1767808
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $16,610,421
- Income (IRS master file)
- $1,966,723
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $956,140 | $1,438,811 | $16,610,421 | XML |
| 990 | December 2023 | $779,358 | $1,696,963 | $16,181,371 | XML |
| 990 | December 2022 | $10,351,544 | $1,542,407 | $15,420,645 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | 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 52-1767808).
Questions about AMERICAN BANKERS ASSOCIATION VOLUNTARY EMPLOYEE BENEFIT ASSN
- What is the EIN of AMERICAN BANKERS ASSOCIATION VOLUNTARY EMPLOYEE BENEFIT ASSN?
- The employer identification number (EIN) of AMERICAN BANKERS ASSOCIATION VOLUNTARY EMPLOYEE BENEFIT ASSN is 52-1767808.
- Is AMERICAN BANKERS ASSOCIATION VOLUNTARY EMPLOYEE BENEFIT ASSN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1993.
- Are donations to AMERICAN BANKERS ASSOCIATION VOLUNTARY EMPLOYEE BENEFIT ASSN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AMERICAN BANKERS ASSOCIATION VOLUNTARY EMPLOYEE BENEFIT ASSN 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 AMERICAN BANKERS ASSOCIATION VOLUNTARY EMPLOYEE BENEFIT ASSN 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 AMERICAN BANKERS ASSOCIATION VOLUNTARY EMPLOYEE BENEFIT ASSN 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 AMERICAN BANKERS ASSOCIATION VOLUNTARY EMPLOYEE BENEFIT ASSN?
- The 990 for the year ended December 31, 2024 names ALETHIA BAGGETT.
- Who are the officers and directors of AMERICAN BANKERS ASSOCIATION VOLUNTARY EMPLOYEE BENEFIT ASSN?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization.
- How much revenue does AMERICAN BANKERS ASSOCIATION VOLUNTARY EMPLOYEE BENEFIT ASSN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $956,140, expenses of $1,438,811 and total assets of $16,610,421 at year end.
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