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
Who runs it and what they're paid
21 people listed on the 990.
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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.
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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.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Total assetsLn 16 | $13K | $0 |
| LiabilitiesLn 26 | $3.8M | $3.8M |
| Net assetsLn 32 | −$3.8M | −$3.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $102K | |||
| Other salaries and wagesLn 7 | $17K | |||
| Other employee benefitsLn 9 | $26K | |||
| Payroll taxesLn 10 | $6K | |||
| Legal feesLn 11b | $85K | |||
| Accounting feesLn 11c | $4K | |||
| Office expensesLn 13 | $1K | |||
| OccupancyLn 16 | $23K | |||
| TravelLn 17 | $103 | |||
| Conferences, conventions and meetingsLn 19 | $21K | |||
| Other expenses (24a–d)Ln 24 | $63K | |||
| All other expensesLn 24e | $435 | |||
| Total functional expensesLn 25 | $350K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $414K | $391K | $23K | −$3.7M | 990 PDF |
| FY2023 Viewing | $414K | $350K | $64K | −$3.8M | 990 PDF |
| FY2022 | $414K | $421K | −$7K | −$3.8M | 990 PDF |
| FY2021 | $460K | $400K | $60K | −$3.8M | 990 PDF |
| FY2020 | $414K | $370K | $44K | −$3.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $414,000 across 2 lines filed
Part IX · Statement of functional expenses $349,894 across 12 lines filed
Part X · Balance sheet $0 assets, 8 lines filed
Part XI · Reconciliation of net assets −$3,771,937 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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