Nonprofit · EIN 13-3183002
ARAB BANKERS ASSOCIATION OF NORTH AMERICA INC
Tax-exempt · NEW YORK, NY 10170
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,998,257 | $1,040,097 | $958,160 | $4,213,699 | $10,526 | $4,203,173 |
| December 31, 2023 | 990 | $1,749,500 | $1,306,594 | $442,906 | $3,216,285 | $10,666 | $3,205,619 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,601,000
- Program service revenue
- $280,119
- Investment income
- $115,888
- Net rental income
- $1,250
- Other revenue
- $1,250
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $237,612
- Other salaries and wages
- $140,880
- Salaries, compensation and benefits (total)
- $418,753
- Professional fundraising fees
- $0
- Legal fees
- $5,794
- Accounting fees
- $33,136
- Occupancy
- $44,535
Balance sheet and other
- Total assets, start of year
- $3,216,285
- Total assets, end of year
- $4,213,699
- Total liabilities, end of year
- $10,526
- Net assets, end of year
- $4,203,173
- Publicly traded securities
- $3,029,160
- Net assets without donor restrictions
- $4,203,173
- Gross receipts
- $1,998,257
- Employees
- 6
- Year formed
- 1983
- State of legal domicile
- NY
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 |
|---|---|---|---|---|
| Khalid Azim | President Officer | 40 | $223,677 | $13,935 |
| Mona Dajani | Director Trustee or director | 1 | $0 | $0 |
| Marwan Azzi | Chairman Trustee or director, Officer | 3 | $0 | $0 |
| Hania Dawood | Director Trustee or director | 1 | $0 | $0 |
| Amr Nosseir | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| Joud Abdel Majeid | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARWAN ELARABY | Director Trustee or director | 1 | $0 | $0 |
| Lotfi Karoui | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Ferris Hussein | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| HEATHER IBRAHIM-LEATHERS | Director Trustee or director | 1 | $0 | $0 |
| Laura Osman | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| HAMZA FASSI-FEHRI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AMAL MOUSSA | Director Trustee or director | 1 | $0 | $0 |
| MAY NASRALLH | Director Trustee or director | 1 | $0 | $0 |
| OMAR JABRI | Director Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Zubaid Ahmad | Director Trustee or director | 1 | $0 |
| CAROLYN S WEIMER | Director Trustee or director | 1 | $0 |
| Karim Baghdady | Treasurer Trustee or director, Officer | 2 | $0 |
| NICOLAS J KAHALE | Director Trustee or director | 1 | $0 |
| Thana ABDULLAH Al-Mufarrej | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Khalid Azim | President Officer | 40 | $236,096 | $10,323 |
| SUSAN PETERS | COO Officer | 5 | $41,143 | $0 |
| Mona Dajani | Director Trustee or director | 0.5 | $0 | $0 |
| Marwan Azzi | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Hania Dawood | Director Trustee or director | 0.5 | $0 | $0 |
| Amr Nosseir | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| Joud Abdel Majeid | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARWAN ELARABY | Director Trustee or director | 0.5 | $0 | $0 |
| Lotfi Karoui | Director Trustee or director | 0.5 | $0 | $0 |
| Ferris Hussein | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| Mona Al-Saffy | Director Trustee or director | 0.5 | $0 | $0 |
| HEATHER IBRAHIM-LEATHERS | Director Trustee or director | 0.5 | $0 | $0 |
| Ola El-Shawarby | Director Trustee or director | 0.5 | $0 | $0 |
| Laura Osman | Director Trustee or director | 0.5 | $0 | $0 |
| HAMZA FASSI-FEHRI | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| AMAL MOUSSA | Director Trustee or director | 0.5 | $0 | $0 |
| MAY NASRALLH | Director Trustee or director | 0.5 | $0 | $0 |
| OMAR JABRI | Director Trustee or director | 0.5 | $0 | $0 |
| Zubaid Ahmad | Director Trustee or director | 0.5 | $0 | $0 |
| CAROLYN S WEIMER | Director Trustee or director | 0.5 | $0 | $0 |
| Karim Baghdady | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| NICOLAS J KAHALE | Director Trustee or director | 0.5 | $0 | $0 |
| Thana Al-Mufarrej | Director Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 420 LEXINGTON AVE RM 835, NEW YORK, NY 10170-0036
- In care of
- % SUSAN PETERS
- Principal officer (990 for 2024)
- Mohannad Aama
- Signed the 990
- Mohannad Aama, President
- Phone
- (212) 599-3030
- Website
- WWW.ABANA.CO
- Return prepared by
- Gruber Palumberi Raffaele Fried CPAs PC
Mission
To connect, support and inform finance professionals and institutions with interest in the Middle East and North Africa.
Program accomplishments
- EVENTS:ABANA coordinated & hosted several virtual and in-person events, including panels, receptions, and other meetings, which provided members and guests with access to relevant and timely business intelligence, as well as networking opportunities. ABANA HOSTED 19 content-based events, including panels and conferences, and networking events.Expenses $480,543 · revenue $280,119
- ONLINE RESOURCES:ABANA used a website development and hosting service to manage its online platform, which offers members access to a directory, account management, event booking, and other resources, including industry news and job openings.Expenses $24,569
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
- 13-3183002
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,213,699
- Income (IRS master file)
- $1,998,257
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,998,257 | $1,040,097 | $4,213,699 | XML |
| 990 | December 2023 | $1,749,500 | $1,306,594 | $3,216,285 | XML |
| 990 | December 2022 | $2,069,926 | $911,206 | $2,769,615 | 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 13-3183002).
Questions about ARAB BANKERS ASSOCIATION OF NORTH AMERICA INC
- What is the EIN of ARAB BANKERS ASSOCIATION OF NORTH AMERICA INC?
- The employer identification number (EIN) of ARAB BANKERS ASSOCIATION OF NORTH AMERICA INC is 13-3183002.
- Is ARAB BANKERS ASSOCIATION OF NORTH AMERICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1984.
- Are donations to ARAB BANKERS ASSOCIATION OF NORTH AMERICA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ARAB BANKERS ASSOCIATION OF NORTH AMERICA 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 ARAB BANKERS ASSOCIATION OF NORTH AMERICA 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 ARAB BANKERS ASSOCIATION OF NORTH AMERICA 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 ARAB BANKERS ASSOCIATION OF NORTH AMERICA INC?
- The 990 for the year ended December 31, 2024 names Mohannad Aama.
- Who are the officers and directors of ARAB BANKERS ASSOCIATION OF NORTH AMERICA INC?
- The 990 for the year ended December 31, 2024 lists 20 people; 1 received compensation from the organization, the highest $223,677 (Khalid Azim, President).
- How much revenue does ARAB BANKERS ASSOCIATION OF NORTH AMERICA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,998,257, expenses of $1,040,097 and total assets of $4,213,699 at year end.
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