American Bankers Association Community Engagement Foundation
Nonprofit profile at a glance
- EIN
- 830397856
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2026635054
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Support N.E.C.
Reported finances
- Revenue
- $1,384,440
- Expenses
- $1,670,486
- Assets
- $9,490,646
- Liabilities
- $194,444
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- LINDSAY TORRICO (SVP, EXECUTIVE DIRECTOR)
Highest reported compensation
- KARIN PETERSEN FLYNN (CFAO): $780,798 total reported compensation
- PETER COOK (CHIEF COMMUNICATIONS OFFICER): $755,374 total reported compensation
- JIM MOYE (SVP & SENIOR COUNSEL, CONTRACTS): $385,190 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule othe aba community engagement foundation is a 501(c)3 corporation that helps banks and bankers make their communities better. Through its leadership, partnerships and national programs, the foundation supports bankers as they provide financial education to individuals at every age, elevate issues around affordable housing and community development and achieve corporate social responsibility objectives to improve the well-being of their customers and their communities.
What it reported doing in 2024
Pathways to wealth: pathways to wealth is a program that promotes longterm financial security by expanding access to financial education and assetbuilding resources. The program supports banks and bankers in delivering communitybased financial capability initiatives focused on saving, credit, and wealthbuilding, particularly for underserved and low to moderateincome individuals and families.
Operating model
- Revenue model
- Donor-supported. 77% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 48% for direct work, and 52% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 71
- Accountability: 95
- Sustainability: 38
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.8%; rating input score 99
- Program expense ratio: 76%; rating input score 76
- Fundraising efficiency: $22.99 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -20.7%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 5.68; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 62; 62nd percentile among comparable filings
- Officer compensation ratio: 25.7%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 28.8% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: -0.1% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 98.8% of revenue deployed · 76% of spending went to programs
- Governance: 16 of 16 board members independent · 8 of 9 filing controls reported
- Programs: 7 filed program accomplishments · $1.3M in reported program spending
- Leadership: top reported pay $781K · 26 people listed · 0 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 9/100.