2024-01-26T12:26:03-06:00 2023-06-30 581653941 MOORE COLSON & COMPANY PC 600 GALLERIA PARKWAY SE SUITE 600 ATLANTA GA 30339 990 2022-07-01 580254910 GEORGIA BANKERS ASSOCIATION INC GEOR 4045221501 50 HURT PLAZA SUITE 1050 ATLANTA GA 30303 J JOSEPH BRANNEN PRESIDENT 4045221501 2024-01-25 1 J JOSEPH BRANNEN XXX-XX-XXXX 1 J PHIL BOOTH P00010195 7709890028 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z J JOSEPH BRANNEN 50 HURT PLAZA SUITE 1050 ATLANTA GA 30303 5723538 0 X WWW.GABANKERS.COM X 1924 GA THE GBA IS THE TRADE AND PROFESSIONAL ORGANIZATION REPRESENTING THE INTERESTS OF BANKS AND THRIFT INSTITUTIONS IN THE STATE OF GEORGIA. IT PROVIDES PROFESSIONAL DEVELOPMENT PROGRAMS, DELIVERS QUALITY PRODUCTS AND SERVICES, LOBBIES TO PASS OR DEFEAT LEGISLATION, AND IS THE PRINCIPAL VOICE FOR THE STATE'S BANKING INDUSTRY AS WELL AS THE PRIMARY OUTSIDE RESOURCE FOR ITS MEMBERS IN ACCOMPLISHING THEIR GOALS AND OBJECTIVES. 24 23 16 261 1017954 0 624617 0 3605044 3970244 59440 7924 1192055 1080679 5481156 5058847 0 0 0 0 2460708 2828648 0 0 0 2258223 2289677 4718931 5118325 762225 -59478 5859554 6522845 2823845 3336293 3035709 3186552 X GBA'S MISSION IS TO DELIVER HIGH QUALITY, COST EFFECTIVE PRODUCTS AND SERVICES TO MEMBERS IN ORDER TO ENHANCE ALL MEMBERS' ABILITY TO COMPETE EFFECTIVELY AND PROFITABLY IN THE MARKETPLACE. 0 0 MEMBER EVENTS: PROFESSIONAL AND SOCIAL EVENTS SUCH AS AN ANNUAL CONVENTION, ROUNDTABLE DISCUSSION MEETINGS, AND LEADERSHIP DEVELOPMENT PROGRAMS FOR YOUNG BANKERS. 1,191 ATTENDEES FOR THE YEAR ENDED 6/30/23. MEMBER SCHOOLS:GEORGIA BANKING SCHOOL AND COMPLIANCE SCHOOL - MULTI-DAY, TWO OR THREE-YEAR SCHOOLS FOCUSING ON SPECIFIC AREAS OF BANKING. 171 STUDENTS ATTENDED FOR THE YEAR ENDED 6/30/23. MEMBER CONFERENCES:ANNUAL CONFERENCES FOR SPECIALIZED AREAS OF BANKING SUCH AS RURAL DEVELOPMENT AND LENDING, FINANCIAL RISK MANAGEMENT, CREDIT, BANK SECURITY, HR PROFESSIONALS, MARKETING, OPERATIONS/TECHNOLOGY, AND COMPLIANCE. 1,344 ATTENDEES FOR THE YEAR ENDED 6/30/23. MEMBER SEMINARS AND WEBINARS:PART-DAY PROGRAMS FOCUSED ON A SINGLE TOPIC THAT IS RELEVANT TO THE ATTENDING BANKERS. 1,954 ATTENDEES FOR THE YEAR ENDED 6/30/23. 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 36 0 1 16 1 1 1 0 0 0 1 1 0 0 0 X 24 23 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 GA X J JOSEPH BRANNEN 4045221501 50 HURT PLAZA SUITE 1050 ATLANTA GA 30303 J JOSEPH BRANNEN PRESIDENT 40.00 X X 520045 0 12231 C RHODES MCLANAHAN CHAIRMAN 2.00 X X 0 0 0 KIMBERLI D WILSON CHAIRMAN ELECT 2.00 X X 0 0 0 BRAD E BARBER VICE CHAIRMAN 2.00 X X 0 0 0 TIMOTHY M PERRY SECRETARY/TREASURER 2.00 X X 0 0 0 JAMES L FLATT IMMEDIATE PAST CHAIRMAN 1.00 X 0 0 0 JOHN P BARKER III GBA SERVICES CHAIR 1.00 X 0 0 0 GREG ELFORD COMMUNITY BANKERS COMMITTEE 1.00 X 0 0 0 HOKE S REEVES III BOARD MEMBER 1.00 X 0 0 0 BILL STUMP BOARD MEMBER 1.00 X 0 0 0 BRADLEY P SERFF BOARD MEMBER 1.00 X 0 0 0 DAVID H CASWELL BOARD MEMBER 1.00 X 0 0 0 RICHARD ALLEN BASINGER JR BOARD MEMBER 1.00 X 0 0 0 KENNETH R FARRELL BOARD MEMBER 1.00 X 0 0 0 SUSAN V MOSS BOARD MEMBER 1.00 X 0 0 0 CHARLES M DEWITT BOARD MEMBER 1.00 X 0 0 0 DAVID K VOYLES BOARD MEMBER 1.00 X 0 0 0 JOHN C CHILDS BOARD MEMBER 1.00 X 0 0 0 STEVEN WALKER JORDAN JR BOARD MEMBER 1.00 X 0 0 0 A PARRISH CLARK JR BOARD MEMBER 1.00 X 0 0 0 R BRENT SAMMONS BOARD MEMBER 1.00 X 0 0 0 STEPHEN H CHENEY BOARD MEMBER 1.00 X 0 0 0 WILLIAM F EASTERLIN III BOARD MEMBER 1.00 X 0 0 0 ALFRED MCRAE BOARD MEMBER 1.00 X 0 0 0 CANDICE B NANNEY LEADERSHIP GBA REP (NON-VOTING) 1.00 X 0 0 0 RON H MITCHELL ASSOCIATE MEMBER REP (NON-VOTING) 1.00 X 0 0 0 JOHN RUNNION SR. VICE PRESIDENT & CFO 40.00 X 201755 0 38105 ELIZABETH W CHANDLER EXEC. VP GOVERNMENT RELATIONS 40.00 X 178343 0 35293 DAVID M OLIVER EXECUTIVE VICE PRESIDENT AND COO 40.00 X 209045 0 49406 AMANDA S RICHARDS DIRECTOR OF RETIREMENT SER 40.00 X 169042 0 29362 1278230 0 164397 6 0 1 0 THE BREAKERS PALM BEACH ONE SOUTH COUNTY ROAD PALM BEACH FL 33480 ANNUAL MEETING HOTEL/VENUE 278774 AMERICAN TRUST COMPANY NA 2353 ALEXANDRIA DRIVE SUITE 100 LEXINGTON KY 40504 RECORDKEEPING FOR GBA RETIREMENT SERVICE 244050 DEMAREST STRATEGY GROUP PO BOX 5949 HILTON HEAD ISLAND SC 29938 ROUNDTABLE FACILITATION 213733 50 HURT LLC PO BOX 68045 NEWARK NJ 07101 OFFICE RENT 211151 POINTENORTH INSURANCE 1100 CIRCLE 75 PARKWAY SE SUITE 1 ATLANTA GA 40504 INSURANCE COMMISSIONS 209383 8 MEMBER DUES 900099 1558268 1558268 MEMBER EVENTS 900099 908559 908559 MEMBER CONFERENCES 611430 788144 788144 MULTI-YEAR SCHOOLS 611430 437910 437910 MEMBER SEMINARS & ONLINE PROGRAMS 611430 277363 277363 3970244 92844 92844 571795 656715 -84920 -84920 -84920 70701 7976 62725 62725 ADMIN SERVICE FEES 561000 1017954 1017954 1017954 5058847 4032969 1017954 7924 1442627 641634 81921 546372 116094 11009 69493 13482 70861 57021 112396 8796 1251032 33359 20214 PROGRAM SVCS - SCHOOLS 314835 GENERAL AND ADMIN 134582 LEGISLATIVE 77220 OTHER PROGRAM EXPENSES 69525 45852 5118325 1361408 895070 1751737 1608243 201919 166128 54119 66006 236434 220486 38173 15948 2447451 3304612 4747 466838 5859554 6522845 1303266 1199338 652941 517489 867638 1619466 2823845 3336293 X 3007752 3158216 27957 28336 3035709 3186552 5859554 6522845 X -59478 195771 14550 X 0 1 X 0 0 413329 0 0 0 1558268 413329 413329 436315 -22986 PART I-A, LINE 1: COMPENSATION, TRAVEL, AND ADMINISTRATIVE EXPENSES FOR STAFF INVOLVED IN POLITICAL LOBBYING ACTIVITIES. 2926 2529 397 167969 154589 13380 65539 63368 2171 15948 ACCRUED INTEREST RECEIVABLE 466838 466838 DUE TO AFFILIATED TRUSTS 1077810 RESERVE FOR MARKETING COSTS 43200 LEASE LIABILITY 498456 1619466 X PART X, LINE 2: THE ORGANIZATION RECORDS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS RESULTING FROM UNCERTAIN TAX POSITIONS, IF ANY, TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. THE ACCOUNTING FOR UNCERTAIN TAX POSITIONS DID NOT HAVE ANY IMPACT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2018. X 0 1 X X X 0 0 0 J JOSEPH BRANNEN PRESIDENT 486978 0 25000 0 8067 0 9150 0 3081 0 532276 0 0 0 DAVID M OLIVER EXECUTIVE VICE PRESIDENT AND COO 188704 0 17500 0 2841 0 46716 0 2690 0 258451 0 0 0 JOHN RUNNION SR. VICE PRESIDENT & CFO 177202 0 20000 0 4553 0 34302 0 3803 0 239860 0 0 0 ELIZABETH W CHANDLER EXEC. VP GOVERNMENT RELATIONS 160277 0 15000 0 3066 0 29881 0 5412 0 213636 0 0 0 AMANDA S RICHARDS DIRECTOR OF RETIREMENT SER 167041 0 0 0 2001 0 25602 0 3760 0 198404 0 0 0 PART I, LINE 1B THE EXECUTIVE COMMITTEE DETERMINED THAT THE ORGANIZATION WOULD PROVIDE THE BENEFIT OF PAYING DUES TO THE FOLLOWING SOCIAL CLUBS: COMMERCE CLUB & CHEROKEE TOWN CLUB ON BEHALF OF THE ORGANIZATION'S CEO. THIS IS DETERMINED TO BE A PIECE OF THE CEO'S COMPENSATION, AS FURTHER EXPLAINED IN SCHEDULE J, PART III. PART I, LINE 3 NARRATIVE REGARDING THE DETERMINATION OF CEO COMPENSATION: COMPENSATION FOR THE GEORGIA BANKERS ASSOCIATION (GBA) CEO IS DETERMINED BY THE ASSOCIATION'S EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE CONSISTS OF FIVE BOARD MEMBERS OF THE GBA - THE CHAIRMAN, CHAIRMAN-ELECT, VICE CHAIRMAN, SECRETARY/TREASURER, AND MOST RECENT PAST CHAIRMAN. THE COMMITTEE MEETS PERIODICALLY DURING THE YEAR, AND AT LEAST ANNUALLY, MEETS TO DISCUSS POSSIBLE CHANGES TO CEO COMPENSATION. THE COMMITTEE DETERMINES THE TOTAL AMOUNT, AS WELL AS THE COMPOSITION OF CEO COMPENSATION. IN DETERMINING CEO COMPENSATION, THE COMMITTEE CONSIDERS SUCH FACTORS AS THE COMPENSATION OF CEOS OF COMPARABLE STATE BANKING ASSOCIATIONS, THE GBA'S RECENT LEVEL OF SUCCESS IN ACHIEVING ITS FINANCIAL AND OPERATIONAL GOALS, RECENT SALARY INCREASES AND BONUSES AWARDED TO OTHER STAFF MEMBERS OF THE GBA, RECENT COMPENSATION TRENDS IN THE BANKING AND NON-PROFIT SECTORS, AND THE CURRENT HEALTH OF THE BANKING INDUSTRY AND THE OVERALL ECONOMY. BOGAN J BRANNEN PRESIDENT'S SON 105903 COMPENSATION (ANNUAL WAGES AND BENEFITS) PAID TO BOGAN BRANNEN, THE SON OF THE ORGANIZATION'S PRESIDENT. BOGAN REPORTS TO THE EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER AND IS PAID A SALARY ON LEVEL WITH THE MARKET. 0 FORM 990, PART VI, SECTION A, LINE 2 THE BOARD OF DIRECTORS IS COMPOSED OF BUSINESS LEADERS WITHIN THE INDUSTRY. AS SUCH, THE DIRECTORS MAY HAVE NORMAL BUSINESS RELATIONSHIPS WITH EACH OTHER IN THE NORMAL COURSE OF BUSINESS. HOWEVER, THESE BUSINESS RELATIONSHIPS ARE CONDUCTED AT ARM'S LENGTH, PURSUANT TO NORMAL BUSINESS TERMS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS ARE PERSONS WHO HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBER GROUPS, EACH OF WHICH HAS THE POWER TO ELECT AT LEAST THREE VOTING MEMBERS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE CEO PROVIDES THE MEMBERS OF THE BOARD'S EXECUTIVE COMMITTEE WITH A COPY OF THE FORM 990 AT A MEETING THAT TAKES PLACE WITHIN 30 DAYS OF THE FILING DATE OF THE FORM 990. THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE FREE TO REVIEW THE FORM, ASK QUESTIONS, AND MAKE COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND DIRECTORS WHO DISCLOSE A POTENTIAL CONFLICT OF INTEREST SHALL BE GIVEN THE OPPORTUNITY TO PRESENT ALL MATERIAL FACTS TO THE BOARD SO THAT THE BOARD MAY DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS. THOSE WHO DISCLOSE POTENTIAL CONFLICTS OF INTEREST SHALL LEAVE THE BOARD MEETING FOR SUCH TIME AS THE BOARD MAY TAKE TO MAKE A DETERMINATION REGARDING SUCH CONFLICT. IF ANY OFFICER OR DIRECTOR DISCLOSES A CONFLICT OF INTEREST OR IS DETERMINED BY THE BOARD TO HAVE A CONFLICT OF INTEREST, SUCH OFFICER OR DIRECTOR SHALL NOT PARTICIPATE IN ANY BOARD DISCUSSION OR VOTE ON THE TRANSACTION OR ARRANGEMENT THAT IS THE SUBJECT OF THE CONFLICT AND SHALL LEAVE THE BOARD MEETING FOR SUCH TIME AS THE BOARD MAY TAKE TO DISCUSS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS (ALL VOLUNTEERS) EVALUATES THE CEO'S PERFORMANCE ANNUALLY ACCORDING TO CRITERIA ESTABLISHED PRIOR TO THE START OF THE YEAR. THEY DECIDE BOTH SALARY INCREASES AND BONUS AMOUNTS BASED ON PERFORMANCE AND VARIOUS EXTERNAL FACTORS. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS 14,550. GEORGIA BANKERS ASSOCIATION MASTER PENSION AND PROFIT SHARING TRUSTS 50 HURT PLAZA SUITE 1050 ATLANTA GA 30303 PROVIDES RETIREMENT BENEFITS TO ELIGIBLE EMPLOYEES OF MEMBERS GA 501(C)(25) 0 GEORGIA BANKERS ASSOCIATION INSURANCE TRUST 50 HURT PLAZA SUITE 1050 ATLANTA GA 30303 582241094 PROVIDES GROUP INSURANCE BENEFITS TO ELIGIBLE EMPLOYEES OF MEMBERS GA 501(C)(9) 0 GBA SERVICES INC 50 HURT PLAZA SUITE 1050 ATLANTA GA 30303 582340727 PRODUCT ENDORSEMENTS GA N/A C 0 GBA RETIREMENT SERVICES INC 50 HURT PLAZA SUITE 1050 ATLANTA GA 30303 582449984 ADMINISTRATIVE SERVICES GA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 GEORGIA BANKERS ASSOCIATION INSURANCE TRUST Q 856472 ACTUAL REIMBURSEMENT GEORGIA BANKERS ASSOCIATION MASTER PENSION AND PROFIT SHARING TRUSTS Q 684923 ACTUAL REIMBURSEMENT