2025-09-04T14:22:52-05:00 2024-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 7900 WESTPARK DR SUITE A220 MCLEAN VA 22102 990 2024-01-01 470583461 ASSOCIATION OF MILITARY BANKS OF AMERICA ASSO 5403473305 2300 WILSON BLVD SUITE 700 1042 ARLINGTON VA 22201 OMUSO GEORGE PRESIDENT/CEO 5403473305 2025-09-02 1 0 ALLISON PARSONS P01519444 7032814880 2025-09-02 2024 2025-03-06 01:10:19Z OMUSO GEORGE 2300 WILSON BLVD SUITE 700 1042 ARLINGTON VA 22201 2030511 0 X WWW.AMBAHQ.ORG X 1959 CO THE ASSOCIATION OF MILITARY BANKS OF AMERICA (AMBA) IS A NOT-FOR-PROFIT TRADE ASSOCIATION THAT REPRESENTS FINANCIAL INSTITUTIONS SPECIALIZING IN PROVIDING WORLDWIDE BANKING SERVICES FOR MILITARY PERSONNEL, VETERANS, AND THEIR FAMILIES. AMBA, THROUGH ITS MEMBERS AND WITH ITS PARTNERS, IS COMMITTED TO IMPROVING THE FINANCIAL READINESS OF THE U.S. MILITARY AND VETERAN COMMUNITIES BY PROVIDING FINANCIAL PRODUCTS, SERVICES, AND EDUCATION. 14 14 3 0 0 0 0 0 173896 269419 675460 1756961 0 4131 849356 2030511 0 0 0 0 382228 458614 0 0 0 533394 741693 915622 1200307 -66266 830204 9570508 10475182 23739 98209 9546769 10376973 X SEE SCHEDULE O. 0 0 IN 2024, AMBA CONTINUED ITS PARTNERSHIP WITH THE VETERANS BENEFITS ADMINISTRATION, U.S. DEPARTMENT OF VETERANS AFFAIRS, IN THE VETERANS BENEFITS BANKING PROGRAM (VBBP). VBBP IS A PROGRAM DESIGNED TO ENCOURAGE UNBANKED AND UNDERBANKED VETERANS TO OPEN BANK OR CREDIT UNION CHECKING ACCOUNTS INTO WHICH THEIR VA MONETARY BENEFITS CAN BE DEPOSITED AND MANAGED. THE PROGRAM IS INTENDED TO HELP VETERANS AVOID THE LACK OF SAFETY, RELIABILITY, AND FLEXIBILITY INHERENT IN THE ONLY OTHER WAYS THEY CAN RECEIVE THEIR GOVERNMENT BENEFITS: PREPAID DEBIT CARDS AND PAPER CHECKS. AS OF THE END OF 2024, VBBP IS CREDITED WITH "BANKING" OVER 450,000 VETERANS. WE ALSO BUILT ON THE SUCCESSFUL LAUNCH OF VETCENTS, OUR NEW INTERACTIVE FINANCIAL JOURNEY CONNECTING VETERANS WITH FINANCIAL EDUCATION AND RESOURCES TAILORED TO THEIR NEEDS. AS OF 2024, VETCENTS DREW RESPONSES FROM MORE THAN 2,100 VETERANS, SPOUSES AND BENEFICIARIES. MORE THAN HALF WERE VETERANS WHO ANSWERED QUESTIONS ABOUT THEIR FINANCES AND WENT DEEPER TO EXPLORE VETCENTS OFFERINGS. SINCE ITS INCEPTION IN 2022 AND THROUGH THE END OF 2024, VBBP ONE-ON-ONE COUNSELING SERVICES DREW NEARLY 3,000 WEB REQUESTS VIA THE VBBP WEBSITE, WITH ALMOST 1,400 COUNSELING SESSIONS COMPLETED, DELIVERING A WEALTH OF PERSONALIZED ADVICE. AMBA'S SOCIAL MEDIA AND DIRECT MARKETING COMMUNICATION EFFORTS CONTINUED TO ASSIST ITS MEMBERS AND NON-PROFIT ORGANIZATION PARTNERS TO EXPAND FINANCIAL EDUCATION FOR THE MILITARY AND VETERAN COMMUNITIES THROUGH NEWSLETTERS, WEBINARS, AND SOCIAL MEDIA POSTS. IN 2024, AMBA CONTINUED TO MARKET THE HARDCOPY OF ARMED FORCES FINANCIAL GUIDE AND ENCOURAGED MEMBERS TO SUBSCRIBE TO ITS ONLINE VERSION, WHICH CAN BE ACCESSED BY BANK CUSTOMERS. AMBA HELD ITS ANNUAL WORKSHOP WHICH BUILT ON THE TREMENDOUSLY SUCCESSFUL WORKSHOP FROM 2023, CONTINUING OUR FOCUS ON ISSUES AND GOALS DESIGNED TO HELP OUR MEMBERS SERVE THEIR MILITARY AND VETERAN COMMUNITIES. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 22 0 1 3 1 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 1 1 0 VA X OMUSO GEORGE 5403473305 2300 WILSON BLVD SUITE 700 1042 ARLINGTON VA 22201 MICHAEL S LEAGUE CHAIRMAN 1.00 X X 0 0 0 STEVE BERES DIRECTOR 1.00 X 0 0 0 TIFFANY DAVIS-SCHAEFER DIRECTOR 1.00 X 0 0 0 LARRY T WILSON DIRECTOR 1.00 X 0 0 0 FRED A ALVARADO VICE CHAIRMAN 1.00 X X 0 0 0 W H BILL CROAK DIRECTOR 1.00 X 0 0 0 JOHN RICHARDSON DIRECTOR 1.00 X 0 0 0 TODD FOX DIRECTOR 1.00 X 0 0 0 JAMES M CARLILE DIRECTOR 1.00 X 0 0 0 LINDSEY STREETER DIRECTOR 1.00 X 0 0 0 GEOFFREY HICKMAN DIRECTOR 1.00 X 0 0 0 TOM MCLEAN DIRECTOR 1.00 X 0 0 0 SEAN PASSMORE DIRECTOR 1.00 X 0 0 0 KELLY HUGHES CHAIRMAN ELECT 1.00 X X 0 0 0 JILL CASTILLA DIRECTOR 1.00 X 0 0 0 STEVEN J LEPPER PRESIDENT & CEO 40.00 X 313044 0 13487 OMUSO GEORGE PRESIDENT & CEO 40.00 X 185000 0 11100 498044 0 24587 2 0 1 0 0 WORKSHOP FEES 541900 130318 130318 MANAGEMENT FEES 541900 116111 116111 DUES 541900 22990 22990 269419 1756961 1756961 4131 4131 4131 2030511 273550 0 1756961 351729 8000 58279 18422 22184 24365 100000 57627 91005 68290 7453 16810 5375 47419 315383 1609 5144 PAYROLL SERVICE 816 TAXES AND LICENSES 397 1200307 46069 6939 850194 897112 15219 12088 2621 3131 8621624 9518000 50000 50000 9570508 10475182 839 707 22900 86789 0 10713 23739 98209 X 9546769 10376973 9546769 10376973 9570508 10475182 830204 0 X 0 1 X 0 0 0 0 1 22990 100000 297958 397958 22990 0 15219 12088 3131 3131 PAYABLE TO AMBA SERVICES, INC. 10713 10713 X PART X, LINE 2: THE ASSOCIATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS AND ASSESSES THE LIKELIHOOD THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD, INCLUDING THE TECHNICAL MERITS OF THOSE POSITIONS. THE MEASUREMENT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. THE ASSOCIATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AND NO INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. X X 1 1 X X X X 0 0 0 STEVEN J LEPPER PRESIDENT & CEO 243044 0 70000 0 0 0 13487 0 0 0 326531 0 0 0 OMUSO GEORGE PRESIDENT & CEO 175000 0 10000 0 0 0 11100 0 0 0 196100 0 0 0 PART I, LINE 1A NONRESIDENT SOCIAL CLUB DUES FOR THE PRESIDENT/CEO ARE FOR THE BENEFIT OF THE ASSOCIATION IN FURTHERANCE OF ITS PUBLIC AFFAIRS ACTIVITIES AND ARE REIMBURSED QUARTERLY. THESE SOCIAL CLUB DUES ARE NOT TAXABLE COMPENSATION. THE ASSOCIATION REIMBURSES COMPANION TRAVEL FOR BOARD MEMBERS TO ATTEND BOARD MEETINGS. REIMBURSEMENTS OVER $600 ARE REPORTED ON A FORM 1099 EACH YEAR. PART I, LINE 3 COMPENSATION OF THE PRESIDENT/CEO IS DETERMINED UPON THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE (CHAIRMAN OF THE BOARD OF DIRECTORS, CHAIRMAN-ELECT AND VICE CHAIRMAN) SUBSEQUENT TO A PERFORMANCE REVIEW. THE VOTING MEMBERS OF THE BOARD OF DIRECTORS APPROVE THE COMPENSATION OF THE PRESIDENT/CEO. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS THE FOLLOWING MEMBERSHIP CATEGORIES: REGULAR CORPORATE MEMBERS, ASSOCIATE CORPORATE MEMBERS, ASSOCIATE COMMERCIAL/INDUSTRIAL MEMBERS, AND ASSOCIATE INDIVIDUAL MEMBERS. ONLY ACTIVE REGULAR CORPORATE MEMBERS HAVE VOTING RIGHTS. REGULAR CORPORATE MEMBERS ARE DEFINED AS DEPARTMENT OF DEFENSE APPROVED, FEDERALLY INSURED BANKING INSTITUTIONS, MILITARY BANKING FAMILIES, OR BRANCHES OF SUCH INSTITUTIONS LOCATED ON A MILITARY ESTABLISHMENT. FORM 990, PART VI, SECTION A, LINE 7A EACH ACTIVE REGULAR CORPORATE MEMBER ("RCM") IS ENTITLED TO ONE VOTE FOR ASSOCIATION MATTERS AT MEMBERSHIP MEETINGS. ONLY AN OFFICER OR A DIRECTOR OF AN ACTIVE RCM CAN SERVE AS A MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE FORM 990 ARE FORWARDED VIA E-MAIL TO THE DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND DIRECTORS ARE REQUIRED TO CERTIFY THE ABSENCE OF A CONFLICT OF INTEREST AT THE ANNUAL SPRING BOARD OF DIRECTORS MEETING. EACH OFFICER AND DIRECTOR ANNUALLY SIGNS A STATEMENT THAT HE OR SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. THE PRESIDENT/CEO CONDUCTS A PERIODIC REVIEW TO ENSURE COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT/CEO IS DETERMINED BY ANNUAL COMPARISON FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS AND UPON THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE (CHAIRMAN OF THE BOARD OF DIRECTORS, CHAIRMAN-ELECT AND VICE CHAIRMAN) SUBSEQUENT TO A PERFORMANCE REVIEW. THE VOTING MEMBERS OF THE BOARD OF DIRECTORS APPROVE THE COMPENSATION OF THE PRESIDENT/CEO. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. AMBA SERVICES INC 11601 ROOSEVELT BLVD 94 SAINT PETERSBURG FL 33716 352580127 SUPPORT SERVICES FL ASSOCIATION OF MILITARY BANKS OF AMERICA C 691100 307422 1.00000 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 AMBA SERVICES INC F 605000 CASH RECEIPTS AMBA SERVICES INC O 184595 PRO RATA ALLOCATION