Aba Securities Association: FY2020 Nonprofit Profile & Form 990 (EIN 52-1935145)

Revenue by fiscal year
FY2020	$414K
FY2021	$460K
FY2022	$414K
FY2023	$414K
FY2024	$414K
FY2024	$368K

Expenses by fiscal year
FY2020	$370K
FY2021	$400K
FY2022	$421K
FY2023	$350K
FY2024	$391K
FY2024	$379K

Net assets by fiscal year
FY2020	−$3.9M
FY2021	−$3.8M
FY2022	−$3.8M
FY2023	−$3.8M
FY2024	−$3.7M
FY2024	−$3.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Part of a larger organization · Schedule R

Aba Securities Association files its own Form 990, but Schedule R discloses 5 related entities — figures on this page are for this EIN only, not the whole group.

Baft INC · International Monetary Conference · American Bankers Association · Aba Stonier Scholarship INC + 1 more · see all

Combined filings · FY2020 · 6 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is one member.

Group revenue

$141.2M

Group expenses

$127.0M

Group net assets

$63.1M

Baft INC · $3.1M rev · −$129K net assets

International Monetary Conference · $20K rev · $1.2M net assets

American Bankers Association · $136.2M rev · $57.3M net assets

Aba Stonier Scholarship INC · $568 rev · $166K net assets

American Bankers Association Community Engagement Foundation · $1.5M rev · $8.5M net assets

Who runs it and what they're paid

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Robert G Eady

Chief Financial Officer (thru 8/19)

$0Pt VII · Sec A

Cecelia Calaby

Treasurer & Exec. Dir (thru 6/20)

$0Pt VII · Sec A

Justin M Underwood

Excutive Director

$0Pt VII · Sec A

Karin Petersen Flynn

Chief Financial Officer (from 11/19)

$0Pt VII · Sec A

Scott Kleinman

Chairman & President

$0Pt VII · Sec A

Stephen Philipson

Vice Chair

$0Pt VII · Sec A

Kenneth L Miller

Board Member

$0Pt VII · Sec A

James Slater

Board Member

$0Pt VII · Sec A

See Aba Securities Association executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advocates for banks involved with securities to Congress and state governments.

Provided by the organization

Know this organization? Claim it to add your story

1 program · in their own filed words · FY2019

01

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.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$414K

Ln 12

Fees for servicesLn 2g$414K

Money outPt IX

$370K

Ln 25

Owns and owesPt X

−$3.9M

net assets · Ln 32

Total assetsLn 16$23K

LiabilitiesLn 26$3.9M

PeoplePt VI, VII

23

listed · VII A

PaidVII A0

Voting boardVI 1a19

IndependentVI 1b19

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$414K

Total revenueLn 12$414K

Assets in detailPt X, end of year

Total assetsLn 16$23K

LiabilitiesLn 26$3.9M

Net assetsLn 32−$3.9M

OperationsPt I, VI

EmployeesI 50

VolunteersI 622

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Total assetsLn 16	$0	$23K
LiabilitiesLn 26	$3.9M	$3.9M
Net assetsLn 32	−$3.9M	−$3.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$75K
Other fees for servicesLn 11g	$625
OccupancyLn 16	$7K
TravelLn 17	$180
Conferences, conventions and meetingsLn 19	$12K
Other expenses (24a–d)Ln 24	$275K
Total functional expensesLn 25	$370K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$414K	$391K	$23K	−$3.7M	990 PDF
FY2023	$414K	$350K	$64K	−$3.8M	990 PDF
FY2022	$414K	$421K	−$7K	−$3.8M	990 PDF
FY2021	$460K	$400K	$60K	−$3.8M	990 PDF
FY2020 Viewing	$414K	$370K	$44K	−$3.9M	990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2020 990 (6 parts)

Part I · Summary $414,000 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $437,000$414,000

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $437,000$414,000

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $498,671$370,205

I-18 Total expensesPrior year $498,671$370,205

I-19 Revenue less expensesPrior year −$61,671$43,795

Part VI · Governance 19 of 19 board members independent, 1 to look at

VI-1a Voting members of the governing body19

VI-1b Independent voting members19

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $414,000 across 2 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $414,000$414,000

VIII-12 Total revenueRelated to mission $414,000 · Unrelated business $0 · Excluded from tax $0$414,000

Part IX · Statement of functional expenses $370,205 across 6 lines filed

IX-11b Legal fees$75,000

IX-11g Other fees for services$625

IX-16 Occupancy$6,822

IX-17 Travel$180

IX-19 Conferences, conventions and meetings$12,347

IX-24 Other expenses (24a–d)$275,231

IX-25 Total functional expenses$370,205

Part X · Balance sheet $23,000 assets, 8 lines filed

X-4 Accounts receivableStart of year $0$23,000

X-16 Total assetsStart of year $0$23,000

X-17 Accounts payable and accrued expensesStart of year $0$12,500

X-25 Other liabilitiesStart of year $3,909,524$3,899,229

X-26 Total liabilitiesStart of year $3,932,524$3,911,729

X-27 Net assets without donor restrictionsStart of year −$3,932,524−$3,888,729

X-32 Total net assets or fund balancesStart of year −$3,932,524−$3,888,729

X-33 Total liabilities and net assetsStart of year $0$23,000

Part XI · Reconciliation of net assets −$3,888,729 net assets at year end

XI-1 Total revenue$414,000

XI-2 Total expenses$370,205

XI-3 Revenue less expenses$43,795

XI-4 Net assets at start of year−$3,932,524

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$3,888,729

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Aba Securities Association FY2020 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

By the numbers

Filing history

Schedules filed Part IV

Aba Securities Association FY2020 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Related Organizations

By the numbers

Filing history

Schedules filed Part IV