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Nonprofit · EIN 63-0788044

ALABAMA BANKERS ASSOCIATION INC

Tax-exempt · MONTGOMERY, AL 36104

Financials

$4.4M$4.2M2023$4.5M$4.4M2024
Revenue Expenses · by fiscal year end
Financials of ALABAMA BANKERS ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,511,120$4,380,312$130,808$4,113,147$1,417,446$2,695,701
December 31, 2023990$4,402,756$4,249,750$153,006$4,175,563$1,670,423$2,505,140
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$20,702
Program service revenue
$4,145,962
Investment income
$64,075
Royalties
$44,526
Net rental income
$16,404
Net income from fundraising events
$14,288
Net income from sales of inventory
$3,011
Other revenue
$280,381

Expenses

Grants and similar amounts paid
$4,000
Compensation of officers, directors and key employees
$627,330
Other salaries and wages
$1,099,920
Salaries, compensation and benefits (total)
$2,064,055
Professional fundraising fees
$0
Legal fees
$1,557
Accounting fees
$25,963
Occupancy
$55,453
Travel
$41,085
Depreciation
$241,741
Program services (functional)
$4,380,312

Balance sheet and other

Total assets, start of year
$4,175,563
Total assets, end of year
$4,113,147
Total liabilities, end of year
$1,417,446
Net assets, end of year
$2,695,701
Land, buildings and equipment
$152,956
Net assets without donor restrictions
$2,682,963
Net assets with donor restrictions
$12,738
Gross unrelated business income
$66,965
Gross receipts
$4,532,790
Employees
12
Volunteers
29
Year formed
1986
State of legal domicile
AL

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 / weekCompensationOther / benefits
SCOTT LATHAMPRESIDENT & CEO
Officer
40$584,100$43,230
JANICE COXSENIOR VICE PRESIDENT
Highest-paid employee
40$283,000$22,228
MELISSA GARRETTVICE PRESIDENT OF ACCOUNTI
Highest-paid employee
35$142,228$9,843
SHELLEY HILDEBRANDVP OF MARKETING & BUSINESS DEVELOPMENT
Highest-paid employee
40$107,400$32,029
ELIZABETH BAILEYVP OF PROFESSIONAL DEVELOP
Highest-paid employee
40$118,000$14,983
DWIGHT GAMBLECHAIRMAN
Trustee or director, Officer
1$0$0
BYRON HEIFNERDIRECTOR
Trustee or director
0.4$0$0
HEYWARD GOULDDIRECTOR
Trustee or director
0.4$0$0
WILL HEAPSDIRECTOR
Trustee or director
0.4$0$0
LISA COCHRANDIRECTOR
Trustee or director
0.4$0$0
STEVE SMITHDIRECTOR
Trustee or director
0.4$0$0
JASON EPPENGERDIRECTOR
Trustee or director
0.4$0$0
CHRIS CAROTHERSDIRECTOR
Trustee or director
0.4$0$0
CHUCK HERNDONDIRECTOR
Trustee or director
0.4$0$0
JEFF KERVINDIRECTOR
Trustee or director
0.4$0$0
18 more people on this return
NameTitleHours / weekCompensation
RANA FUTRALDIRECTOR
Trustee or director
0.4$0
SHAD WILLIAMSDIRECTOR
Trustee or director
0.4$0
LINWOOD MCCLAINDIRECTOR
Trustee or director
0.4$0
RODNEY RUSHINGDIRECTOR
Trustee or director
0.4$0
MITT SCHROEDERDIRECTOR
Trustee or director
0.4$0
CHRIS LATTADIRECTOR
Trustee or director
0.4$0
DREW WADEDIRECTOR
Trustee or director
0.4$0
MIKE VINCENTVICE CHAIRMAN
Trustee or director, Officer
0.4$0
GUY DAVISTREASURER
Trustee or director, Officer
0.4$0
CHARLIE WILLIAMSCHAIRMAN-ELECT
Trustee or director, Officer
0.4$0
MACKE MAULDINPAST CHAIRMAN
Trustee or director, Officer
0.4$0
NICK WILLISDIRECTOR
Trustee or director
0.4$0
LEIGH COLLIERDIRECTOR
Trustee or director
0.4$0
CHRISTIAN WHITEDIRECTOR
Trustee or director
0.4$0
RICHARD WALTERSDIRECTOR
Trustee or director
0.4$0
DAVID MEREDITHDIRECTOR
Trustee or director
0.4$0
GARY HOLEMONDIRECTOR
Trustee or director
0.4$0
DAVID LONGDIRECTOR
Trustee or director
0.4$0
990 for the year ended December 31, 2023: 32 people
NameTitleHours / weekCompensationOther / benefits
SCOTT LATHAMPRESIDENT & CEO
Officer
40$575,206$43,230
JANICE COXSENIOR VICE PRESIDENT
Highest-paid employee
40$280,474$22,147
MELISSA GARRETTVICE PRESIDENT OF ACCOUNTING
Highest-paid employee
35$136,904$9,807
ELIZABETH BAILEYVP OF PROFESSIONAL DEVELOPMENT
Highest-paid employee
40$105,736$16,843
MIKE ROSSCHAIRMAN
Trustee or director, Officer
1$0$0
HOPE JOHNSONPAST CHAIRMAN
Trustee or director, Officer
0.4$0$0
MACKE MAULDINCHAIRMAN-ELECT
Trustee or director, Officer
0.4$0$0
CHARLIE WILLIAMSTREASURER
Trustee or director, Officer
0.4$0$0
DWIGHT GAMBLEVICE CHAIRMAN
Trustee or director, Officer
0.4$0$0
LEROY ABRAHAMSDIRECTOR
Trustee or director
0.4$0$0
JOHN BENTLEYDIRECTOR
Trustee or director
0.4$0$0
CHRIS CAROTHERSDIRECTOR
Trustee or director
0.4$0$0
LISA COCHRANDIRECTOR
Trustee or director
0.4$0$0
LEIGH COLLIERDIRECTOR
Trustee or director
0.4$0$0
JASON DOROUGHDIRECTOR
Trustee or director
0.4$0$0
JASON EPPENGERDIRECTOR
Trustee or director
0.4$0$0
HEYWARD GOULDDIRECTOR
Trustee or director
0.4$0$0
GARY HOLEMONDIRECTOR
Trustee or director
0.4$0$0
JEFF KERVINDIRECTOR
Trustee or director
0.4$0$0
ROBERT KUHNDIRECTOR
Trustee or director
0.4$0$0
CHRIS LATTADIRECTOR
Trustee or director
0.4$0$0
DAVID LONGDIRECTOR
Trustee or director
0.4$0$0
LINWOOD MCCLAINDIRECTOR
Trustee or director
0.4$0$0
WILLIAM MELLOWNDIRECTOR
Trustee or director
0.4$0$0
MICHAEL MORGANDIRECTOR
Trustee or director
0.4$0$0
MATTHEW POPEDIRECTOR
Trustee or director
0.4$0$0
RODNEY RUSHINGDIRECTOR
Trustee or director
0.4$0$0
STEVE SMITHDIRECTOR
Trustee or director
0.4$0$0
MIKE VINCENTDIRECTOR
Trustee or director
0.4$0$0
RICHARD WALTERSDIRECTOR
Trustee or director
0.4$0$0
NICK WILLISDIRECTOR
Trustee or director
0.4$0$0
SHAD WILLIAMSDIRECTOR
Trustee or director
0.4$0$0

Address and contacts

Address (IRS master file)
445 DEXTER AVE STE 10025, MONTGOMERY, AL 36104-3870
Principal officer (990 for 2024)
SCOTT LATHAM, 445 DEXTER AVENUE 10025, MONTGOMERY, AL 36104
Signed the 990
SCOTT LATHAM, PRESIDENT & CEO
Phone
(334) 244-9456
Return prepared by
WARREN AVERETT LLC

Mission

TO PROMOTE THE PRESERVATION AND CONTINUED DEVELOPMENT OF COMMERCIAL BANKING IN ALABAMA.

990 for the year ended December 31, 2024

Program accomplishments

  • EDUCATIONAL PROGRAMS: BANKING SCHOOL AND SEMINARS FOR THE ENHANCEMENT OF BANKER'S SKILL AND KNOWLEDGE IN COMMERCIAL BANKING.
  • MEMBER SERVICES: CONVENTIONS, MEETINGS, AND OTHER EXPENSES PROMOTING INTEREST IN THE COMMERICAL BANKING INDUSTRY AND LEGISLATIVE AFFAIRS.
  • PUBLICATIONS: NEWSLETTER AND MAGAZINE PROMOTING COMMERCIAL BANKING AND PROVIDED CONTINUED EDUCATION ON COMMERCIAL BANKING.

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
63-0788044
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,113,147
Income (IRS master file)
$4,532,790

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,511,120$4,380,312$4,113,147IRS
990December 2023$4,402,756$4,249,750$4,175,563XML
990December 2022$4,156,491$3,842,941$4,247,389IRS
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 63-0788044).

Questions about ALABAMA BANKERS ASSOCIATION INC

What is the EIN of ALABAMA BANKERS ASSOCIATION INC?
The employer identification number (EIN) of ALABAMA BANKERS ASSOCIATION INC is 63-0788044.
Is ALABAMA BANKERS ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1980.
Are donations to ALABAMA BANKERS ASSOCIATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ALABAMA BANKERS ASSOCIATION 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 ALABAMA BANKERS ASSOCIATION 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 ALABAMA BANKERS ASSOCIATION 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 ALABAMA BANKERS ASSOCIATION INC?
The 990 for the year ended December 31, 2024 names SCOTT LATHAM.
Who are the officers and directors of ALABAMA BANKERS ASSOCIATION INC?
The 990 for the year ended December 31, 2024 lists 33 people; 5 received compensation from the organization, the highest $584,100 (SCOTT LATHAM, PRESIDENT & CEO).
How much revenue does ALABAMA BANKERS ASSOCIATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,511,120, expenses of $4,380,312 and total assets of $4,113,147 at year end.

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