Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 58-2241094

GEORGIA BANKERS ASSOCIATION INSURANCE TRUST INC

Tax-exempt · ATLANTA, GA 30309

Financials

$110.4M$96.7M2023$115.4M$116.6M2024
Revenue Expenses · by fiscal year end
Financials of GEORGIA BANKERS ASSOCIATION INSURANCE TRUST INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$115,414,548$116,632,811-$1,218,263$85,640,201$16,841,876$68,798,325
December 31, 2023990$110,411,025$96,718,587$13,692,438$78,707,553$12,642,407$66,065,146
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$112,328,129
Investment income
$3,086,419
Net gain from sales of assets
$1,291,564
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$110,499,743
Compensation of officers, directors and key employees
$795,855
Other salaries and wages
$273,807
Salaries, compensation and benefits (total)
$1,069,662
Professional fundraising fees
$0
Accounting fees
$311,941
Depreciation
$24,200

Balance sheet and other

Total assets, start of year
$78,707,553
Total assets, end of year
$85,640,201
Total liabilities, end of year
$16,841,876
Net assets, end of year
$68,798,325
Land, buildings and equipment
$23,013
Publicly traded securities
$62,547,931
Gross unrelated business income
$3,086,419
Gross receipts
$135,404,042
Employees
7
Volunteers
9
Year formed
1961
State of legal domicile
GA

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
J JOSEPH BRANNENAT LARGE (RETIRED)
Trustee or director, Officer
1$0$336,597$0
TESSA NOLANCFO
Officer
40$228,622$0$31,651
KERI BROOKSCHIEF LEGAL OFFICER
Officer
40$198,847$0$32,283
MARY WRENCOO
Officer
40$141,071$0$14,127
MICHAEL T COFIELDCEO/PRESIDENT
Trustee or director, Officer
20$128,219$0$21,035
RICHARD WHALEYCHAIRMAN
Trustee or director, Officer
1$0$0$0
CHRIS EDWARDSVICE CHAIRMAN
Trustee or director, Officer
1$0$0$0
RYAN EARNESTAT LARGE
Trustee or director
1$0$0$0
GLENN P WILLIS JRAT LARGE
Trustee or director
1$0$0$0
L JACKSON MCCONNELL JRAT LARGE
Trustee or director
1$0$0$0
PHILIP WILLIAMSAT LARGE
Trustee or director
1$0$0$0
G MIKE ODOM JRAT LARGE
Trustee or director
1$0$0$0
BRAD BARBERAT LARGE
Trustee or director
1$0$0$0
C RHODES MCLANAHANAT LARGE
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
J JOSEPH BRANNENAT LARGE
Trustee or director, Officer
1$0$527,702$0
MICHAEL T COFIELDCEO/PRESIDENT
Officer
40$248,116$0$30,620
TESSA NOLANCFO
Officer
40$209,178$0$31,148
KERI BROOKSCORPORATE COUNSEL
Officer
40$181,803$0$31,496
VIRGINIA L MONROEMANAGER FINANCE & ADMIN
Highest-paid employee
40$142,196$0$0
JAYN LAWSONMANAGER MEMBER SUPPORT
Highest-paid employee
40$116,532$0$0
RICHARD WHALEYCHAIRMAN
Trustee or director, Officer
1$0$0$0
JUD VANNAT LARGE
Trustee or director
1$0$0$0
CHRIS EDWARDSVICE CHAIRMAN
Trustee or director, Officer
1$0$0$0
RYAN EARNESTAT LARGE
Trustee or director
1$0$0$0
GLENN P WILLIS JRAT LARGE
Trustee or director
1$0$0$0
L JACKSON MCCONNELL JRAT LARGE
Trustee or director
1$0$0$0
PHILIP WILLIAMSAT LARGE
Trustee or director
1$0$0$0
MIKE ODOMAT LARGE
Trustee or director
1$0$0$0
BRAD BARBERAT LARGE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1475 PEACHTREE ST NE STE 800, ATLANTA, GA 30309-9903
In care of
% DAN THOMASON
Principal officer (990 for 2024)
TESSA NOLAN, 50 HURT PLAZA 1050, ATLANTA, GA 30303
Signed the 990
TESSA NOLAN, CFO
Phone
(404) 522-1501
Return prepared by
MOORE COLSON & COMPANY PC

Mission

THE TRUST EXISTS TO PROVIDE GROUP MEDICAL, LIFE, DISABILITY, AND OTHER HEALTH INSURANCE BENEFITS TO ELIGIBLE EMPLOYEES OF MEMBERS OF THE GEORGIA BANKERS ASSOCIATION.

990 for the year ended December 31, 2024

Program accomplishments

  • THE TRUST PROVIDES GROUP MEDICAL, LIFE, DISABILITY, AND OTHER HEALTH INSURANCE BENEFITS TO ELIGIBLE EMPLOYEES OF MEMBERS OF THE GEORGIA BANKERS ASSOCIATION.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-2241094
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$85,640,201
Income (IRS master file)
$135,404,042

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$115,414,548$116,632,811$85,640,201IRS
990December 2023$110,411,025$96,718,587$78,707,553XML
990December 2022$101,532,060$100,859,396$66,520,355IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 58-2241094).

Questions about GEORGIA BANKERS ASSOCIATION INSURANCE TRUST INC

What is the EIN of GEORGIA BANKERS ASSOCIATION INSURANCE TRUST INC?
The employer identification number (EIN) of GEORGIA BANKERS ASSOCIATION INSURANCE TRUST INC is 58-2241094.
Is GEORGIA BANKERS ASSOCIATION INSURANCE TRUST INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1997.
Are donations to GEORGIA BANKERS ASSOCIATION INSURANCE TRUST INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GEORGIA BANKERS ASSOCIATION INSURANCE TRUST 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 GEORGIA BANKERS ASSOCIATION INSURANCE TRUST 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 GEORGIA BANKERS ASSOCIATION INSURANCE TRUST 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 GEORGIA BANKERS ASSOCIATION INSURANCE TRUST INC?
The 990 for the year ended December 31, 2024 names TESSA NOLAN.
Who are the officers and directors of GEORGIA BANKERS ASSOCIATION INSURANCE TRUST INC?
The 990 for the year ended December 31, 2024 lists 14 people; 4 received compensation from the organization.
How much revenue does GEORGIA BANKERS ASSOCIATION INSURANCE TRUST INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $115,414,548, expenses of $116,632,811 and total assets of $85,640,201 at year end.

Other nonprofits in ATLANTA

All nonprofits in ATLANTA · Georgia