Nonprofit · EIN 63-0788044
ALABAMA BANKERS ASSOCIATION INC
Tax-exempt · MONTGOMERY, AL 36104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,511,120 | $4,380,312 | $130,808 | $4,113,147 | $1,417,446 | $2,695,701 |
| December 31, 2023 | 990 | $4,402,756 | $4,249,750 | $153,006 | $4,175,563 | $1,670,423 | $2,505,140 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $20,702
- Program service revenue
- $4,145,962
- Investment income
- $64,075
- Royalties
- $44,526
- Net rental income
- $16,404
- Net income from fundraising events
- $14,288
- Net income from sales of inventory
- $3,011
- Other revenue
- $280,381
Expenses
- Grants and similar amounts paid
- $4,000
- Compensation of officers, directors and key employees
- $627,330
- Other salaries and wages
- $1,099,920
- Salaries, compensation and benefits (total)
- $2,064,055
- Professional fundraising fees
- $0
- Legal fees
- $1,557
- Accounting fees
- $25,963
- Occupancy
- $55,453
- Travel
- $41,085
- Depreciation
- $241,741
- Program services (functional)
- $4,380,312
Balance sheet and other
- Total assets, start of year
- $4,175,563
- Total assets, end of year
- $4,113,147
- Total liabilities, end of year
- $1,417,446
- Net assets, end of year
- $2,695,701
- Land, buildings and equipment
- $152,956
- Net assets without donor restrictions
- $2,682,963
- Net assets with donor restrictions
- $12,738
- Gross unrelated business income
- $66,965
- Gross receipts
- $4,532,790
- Employees
- 12
- Volunteers
- 29
- Year formed
- 1986
- State of legal domicile
- AL
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 | Other / benefits |
|---|---|---|---|---|
| SCOTT LATHAM | PRESIDENT & CEO Officer | 40 | $584,100 | $43,230 |
| JANICE COX | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $283,000 | $22,228 |
| MELISSA GARRETT | VICE PRESIDENT OF ACCOUNTI Highest-paid employee | 35 | $142,228 | $9,843 |
| SHELLEY HILDEBRAND | VP OF MARKETING & BUSINESS DEVELOPMENT Highest-paid employee | 40 | $107,400 | $32,029 |
| ELIZABETH BAILEY | VP OF PROFESSIONAL DEVELOP Highest-paid employee | 40 | $118,000 | $14,983 |
| DWIGHT GAMBLE | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BYRON HEIFNER | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| HEYWARD GOULD | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| WILL HEAPS | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| LISA COCHRAN | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| STEVE SMITH | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| JASON EPPENGER | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| CHRIS CAROTHERS | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| CHUCK HERNDON | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| JEFF KERVIN | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANA FUTRAL | DIRECTOR Trustee or director | 0.4 | $0 |
| SHAD WILLIAMS | DIRECTOR Trustee or director | 0.4 | $0 |
| LINWOOD MCCLAIN | DIRECTOR Trustee or director | 0.4 | $0 |
| RODNEY RUSHING | DIRECTOR Trustee or director | 0.4 | $0 |
| MITT SCHROEDER | DIRECTOR Trustee or director | 0.4 | $0 |
| CHRIS LATTA | DIRECTOR Trustee or director | 0.4 | $0 |
| DREW WADE | DIRECTOR Trustee or director | 0.4 | $0 |
| MIKE VINCENT | VICE CHAIRMAN Trustee or director, Officer | 0.4 | $0 |
| GUY DAVIS | TREASURER Trustee or director, Officer | 0.4 | $0 |
| CHARLIE WILLIAMS | CHAIRMAN-ELECT Trustee or director, Officer | 0.4 | $0 |
| MACKE MAULDIN | PAST CHAIRMAN Trustee or director, Officer | 0.4 | $0 |
| NICK WILLIS | DIRECTOR Trustee or director | 0.4 | $0 |
| LEIGH COLLIER | DIRECTOR Trustee or director | 0.4 | $0 |
| CHRISTIAN WHITE | DIRECTOR Trustee or director | 0.4 | $0 |
| RICHARD WALTERS | DIRECTOR Trustee or director | 0.4 | $0 |
| DAVID MEREDITH | DIRECTOR Trustee or director | 0.4 | $0 |
| GARY HOLEMON | DIRECTOR Trustee or director | 0.4 | $0 |
| DAVID LONG | DIRECTOR Trustee or director | 0.4 | $0 |
990 for the year ended December 31, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT LATHAM | PRESIDENT & CEO Officer | 40 | $575,206 | $43,230 |
| JANICE COX | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $280,474 | $22,147 |
| MELISSA GARRETT | VICE PRESIDENT OF ACCOUNTING Highest-paid employee | 35 | $136,904 | $9,807 |
| ELIZABETH BAILEY | VP OF PROFESSIONAL DEVELOPMENT Highest-paid employee | 40 | $105,736 | $16,843 |
| MIKE ROSS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| HOPE JOHNSON | PAST CHAIRMAN Trustee or director, Officer | 0.4 | $0 | $0 |
| MACKE MAULDIN | CHAIRMAN-ELECT Trustee or director, Officer | 0.4 | $0 | $0 |
| CHARLIE WILLIAMS | TREASURER Trustee or director, Officer | 0.4 | $0 | $0 |
| DWIGHT GAMBLE | VICE CHAIRMAN Trustee or director, Officer | 0.4 | $0 | $0 |
| LEROY ABRAHAMS | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| JOHN BENTLEY | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| CHRIS CAROTHERS | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| LISA COCHRAN | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| LEIGH COLLIER | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| JASON DOROUGH | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| JASON EPPENGER | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| HEYWARD GOULD | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| GARY HOLEMON | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| JEFF KERVIN | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| ROBERT KUHN | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| CHRIS LATTA | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| DAVID LONG | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| LINWOOD MCCLAIN | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| WILLIAM MELLOWN | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| MICHAEL MORGAN | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| MATTHEW POPE | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| RODNEY RUSHING | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| STEVE SMITH | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| MIKE VINCENT | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| RICHARD WALTERS | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| NICK WILLIS | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| SHAD WILLIAMS | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 445 DEXTER AVE STE 10025, MONTGOMERY, AL 36104-3870
- Principal officer (990 for 2024)
- SCOTT LATHAM, 445 DEXTER AVENUE 10025, MONTGOMERY, AL 36104
- Signed the 990
- SCOTT LATHAM, PRESIDENT & CEO
- Phone
- (334) 244-9456
- Return prepared by
- WARREN AVERETT LLC
Mission
TO PROMOTE THE PRESERVATION AND CONTINUED DEVELOPMENT OF COMMERCIAL BANKING IN ALABAMA.
Program accomplishments
- EDUCATIONAL PROGRAMS: BANKING SCHOOL AND SEMINARS FOR THE ENHANCEMENT OF BANKER'S SKILL AND KNOWLEDGE IN COMMERCIAL BANKING.
- MEMBER SERVICES: CONVENTIONS, MEETINGS, AND OTHER EXPENSES PROMOTING INTEREST IN THE COMMERICAL BANKING INDUSTRY AND LEGISLATIVE AFFAIRS.
- PUBLICATIONS: NEWSLETTER AND MAGAZINE PROMOTING COMMERCIAL BANKING AND PROVIDED CONTINUED EDUCATION ON COMMERCIAL BANKING.
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
- 63-0788044
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,113,147
- Income (IRS master file)
- $4,532,790
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,511,120 | $4,380,312 | $4,113,147 | IRS |
| 990 | December 2023 | $4,402,756 | $4,249,750 | $4,175,563 | XML |
| 990 | December 2022 | $4,156,491 | $3,842,941 | $4,247,389 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 63-0788044).
Questions about ALABAMA BANKERS ASSOCIATION INC
- What is the EIN of ALABAMA BANKERS ASSOCIATION INC?
- The employer identification number (EIN) of ALABAMA BANKERS ASSOCIATION INC is 63-0788044.
- Is ALABAMA BANKERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1980.
- Are donations to ALABAMA BANKERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALABAMA 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 ALABAMA 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 ALABAMA 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 ALABAMA BANKERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names SCOTT LATHAM.
- Who are the officers and directors of ALABAMA BANKERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 33 people; 5 received compensation from the organization, the highest $584,100 (SCOTT LATHAM, PRESIDENT & CEO).
- How much revenue does ALABAMA BANKERS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,511,120, expenses of $4,380,312 and total assets of $4,113,147 at year end.
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