Civic Intelligence

Aba Veba

990 • Fiscal year 2020 • EIN 52-1767808

Sep 01, 2020 to Dec 31, 2020 • Filed on Nov 13, 2021

Organization ProfileN/A

View Organization Page

1120 Connecticut Avenue NWWashington, DC 20036

(202) 663-5054

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.05x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

1.22x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Net Margin

9th percentile

-47%

Higher net margin than 9% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

7th percentile

-22%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

1st percentile

-84%

Faster revenue growth than 1% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$7,953,328

Down $2,287,896 (-22%) from 2019

Net Assets

Down

$7,550,511

Down $721,809 (-8.7%) from 2019

Liabilities

Down

$402,817

Down $1,566,087 (-80%) from 2019

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin9th percentile

Revenue

Down

$330,374

Down $1,705,371 (-84%) from 2019

Expenses

Down

$486,273

Down $2,572,789 (-84%) from 2019

Net Income

Up

-$155,899

Up $867,418 (+85%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $13,103,817Liabilities 2011: $59,142Net Assets 2011: $13,044,6752011Assets 2012: $14,172,918Liabilities 2012: $23,056Net Assets 2012: $14,149,8622012Assets 2013: $15,827,731Liabilities 2013: $134,322Net Assets 2013: $15,693,4092013Assets 2014: $16,845,773Liabilities 2014: $58,970Net Assets 2014: $16,786,8032014Assets 2015: $15,808,001Liabilities 2015: $1,096,431Net Assets 2015: $14,711,5702015Assets 2016: $14,123,088Liabilities 2016: $742,351Net Assets 2016: $13,380,7372016Assets 2017: $12,443,669Liabilities 2017: $655,339Net Assets 2017: $11,788,3302017Assets 2018: $11,467,601Liabilities 2018: $970,745Net Assets 2018: $10,496,8562018Assets 2019: $10,241,224Liabilities 2019: $1,968,904Net Assets 2019: $8,272,3202019Assets 2020: $7,953,328Liabilities 2020: $402,817Net Assets 2020: $7,550,5112020Assets 2021: $7,309,440Liabilities 2021: $104,762Net Assets 2021: $7,204,6782021Assets 2022: $15,420,645Liabilities 2022: $64,302Net Assets 2022: $15,356,3432022Assets 2023: $16,181,371Liabilities 2023: $106,903Net Assets 2023: $16,074,4682023Assets 2024: $16,610,421Liabilities 2024: $77,999Net Assets 2024: $16,532,4222024

Highlighted filing

2020

Assets$7,953,328
Liabilities$402,817
Net Assets$7,550,511
Open 2020 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $2,721,807Expenses 2011: $1,543,818Net Income 2011: $1,177,9892011Revenue 2012: $2,325,421Expenses 2012: $1,863,111Net Income 2012: $462,3102012Revenue 2013: $2,868,138Expenses 2013: $1,458,176Net Income 2013: $1,409,9622013Revenue 2014: $2,025,991Expenses 2014: $2,158,794Net Income 2014: -$132,8032014Revenue 2015: $1,975,978Expenses 2015: $2,186,881Net Income 2015: -$210,9032015Revenue 2016: $1,449,578Expenses 2016: $3,029,363Net Income 2016: -$1,579,7852016Revenue 2017: $2,008,917Expenses 2017: $3,438,851Net Income 2017: -$1,429,9342017Revenue 2018: $1,521,482Expenses 2018: $3,022,019Net Income 2018: -$1,500,5372018Revenue 2019: $2,035,745Expenses 2019: $3,059,062Net Income 2019: -$1,023,3172019Revenue 2020: $330,374Expenses 2020: $486,273Net Income 2020: -$155,8992020Revenue 2021: $938,595Expenses 2021: $1,342,288Net Income 2021: -$403,6932021Revenue 2022: $10,351,544Expenses 2022: $1,542,407Net Income 2022: $8,809,1372022Revenue 2023: $779,358Expenses 2023: $1,696,963Net Income 2023: -$917,6052023Revenue 2024: $956,140Expenses 2024: $1,438,811Net Income 2024: -$482,6712024

Highlighted filing

2020

Revenue$330,374
Expenses$486,273
Net Income-$155,899
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Dec 31, 2020
Signed
Nov 13, 2021
Return Version
2020v4.1
Gross Receipts
$2,599,887
Mission and Program Overview

Mission

Aba veba is a voluntary employees' beneficiary association of the american bankers association. The main activities of aba veba is to provide medical and insurance benefits to aba's retirees and their beneficiaries.

A voluntary employees' beneficiary association of the american bankers association. The main activities of the aba veba is to provide medical and insurance benefits to aba's retirees and their beneficiaries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,921,147$7,951,956▲ $30,809
Rtn Earn Endowment Incm Other Fnds$7,465,867$7,550,511▲ $84,644
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$7,923,319$7,953,328▲ $30,009
Other Assets Total$2,172$1,372▼ $800
Liabilities
Other Liabilities$455,642$402,817▼ $52,825
Accounts Payable and Accrued Expenses$1,810$0▼ $1,810
Total Liabilities$457,452$402,817▼ $54,635
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,465,867$7,550,511▲ $84,644
Total Liabilities and Net Assets / Fund Balance$7,923,319$7,953,328▲ $30,009
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseOtherTotal
-Chief Financial Officer-$517,788$517,788
Karin Petersen FlynnTrustee$16,581-$16,581

Board Members and Trustees

NameTitle
Karin Petersen FlynnChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$43,841
Investment Income
$286,533
Other Revenue
$0
Change in Net Assets
$-155,899

Audited Revenue Reconciliation

Revenue per Audited Statements
$330,374
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$240,543
Total Revenue per Audited Statements
$570,917
Total Revenue per Form 990
$330,374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,713
Salaries, Compensation, and Employee Benefits$16,581
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$452,979
Current Officers, Directors, Trustees, and Key Employees---$16,581
Fees for Services Management---$15,483
Fees for Service Investment Mgmnt Fees---$1,230
Total Functional Expenses$0$0$0$486,273

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$486,273
Total Expenses per Audited Statements$486,273
Total Expenses per Form 990$486,273
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Plan Sponsor for Claims Paid$402,817
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Aba veba is a voluntary employee beneficiary association established by the american bankers association (aba). The aba's management, which includes certified public accountants, conducted several internal reviews of the form 990 prepared by an outside accounting firm.”

Form 990, Part VI, Section C, Line 19

“Aba veba does not make its governing documents, or its financial statements available to the public. The organization's form 990 is available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Aba Veba
EIN
52-1767808
Phone
2026635054
Address
1120 CONNECTICUT AVENUE NW, WASHINGTON, DC 20036

Signing Officer

Name
Karin Petersen Flynn
Title
Chief Financial Officer
Phone
2026635054
Signed
2021-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alethia Baggett
Formed
1991
Legal Domicile
Dc
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
901 N GLEBE ROAD SUITE 200, ARLINGTON, VA 22203
Preparer
Amy Chapman
Phone
5712279500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The veba trust funding certain health benefits of the plan received an exemption letter from the internal revenue service (irs) dated june 23, 1993, stating that the trust is tax-exempt under the provisions of section 501(9) of the internal revenue code (irc). However, as a result of the plan's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded in 2020 for unrelated business taxable income. In addition, the plan and the trust are required to operate in conformity with the irc to maintain the tax-exempt status of the trust, the plan administrator believes that the plan is being operated in compliance with the applicable requirements of the irc, and therefore, believes that the related trust is tax-exempt. U.s. Gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if it has taken an uncertain position that more likely than not would bot be sustained upon examination by the taxing authorities. The plan is subject to routine audits by tax jurisdictions; however there are currently no audits for any tax periods in progress.”

Raw XML Appendix324 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION OF THE AMERICAN BANKERS ASSOCIATION. THE MAIN ACTIVITIES OF THE ABA VEBA IS TO PROVIDE MEDICAL AND INSURANCE BENEFITS TO ABA'S RETIREES AND THEIR BENEFICIARIES.
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IRS990/MissionDesc0ABA VEBA IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION OF THE AMERICAN BANKERS ASSOCIATION. THE MAIN ACTIVITIES OF THE ABA VEBA IS TO PROVIDE MEDICAL AND INSURANCE BENEFITS TO ABA'S RETIREES AND THEIR BENEFICIARIES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE VEBA TRUST FUNDING CERTAIN HEALTH BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) DATED JUNE 23, 1993, STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(9) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2020 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST, THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC, AND THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. U.S. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BOT BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAX JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ABA VEBA IS A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION ESTABLISHED BY THE AMERICAN BANKERS ASSOCIATION (ABA). THE ABA'S MANAGEMENT, WHICH INCLUDES CERTIFIED PUBLIC ACCOUNTANTS, CONDUCTED SEVERAL INTERNAL REVIEWS OF THE FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ABA VEBA DOES NOT MAKE ITS GOVERNING DOCUMENTS, OR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd020036
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0455642
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL/CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0AMERICAN BANKERS ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07923319
IRS990/TotalAssetsEOYAmt07953328
IRS990/TotalAssetsGrp/BOYAmt07923319
IRS990/TotalAssetsGrp/EOYAmt07953328
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0486273
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0457452
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IRS990/TotalOtherCompensationAmt061076
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IRS990/TotalReportableCompFromOrgAmt016581
IRS990/TotalRevenueGrp/ExclusionAmt0286533
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt043841
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0330374
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IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07953328
IRS990/TotReportableCompRltdOrgAmt0456712
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/ZIPCd020036
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KARIN PETERSEN FLYNN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02026635054
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-13
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022203
ReturnHeader/PreparerPersonGrp/PhoneNum05712279500
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY CHAPMAN
ReturnHeader/ReturnTs02021-11-13T13:12:40-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KARIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PETERSEN FLYNN
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,953,328
Liabilities
$402,817
Net assets
$7,550,511
Revenue
$330,374
Expenses
$486,273
Net income
-$155,899
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$0.08$16.5$0.96$1.44$0.48
2023Detailed filing. Detailed filing data is available for this year.$16.2$0.11$16.1$0.78$1.70$0.92
2022Detailed filing. Detailed filing data is available for this year.$15.4$0.06$15.4$10.4$1.54$8.81
2021Detailed filing. Detailed filing data is available for this year.$7.31$0.10$7.20$0.94$1.34$0.40
2020Detailed filing. Detailed filing data is available for this year.$7.95$0.40$7.55$0.33$0.49$0.16
2019Detailed filing. Detailed filing data is available for this year.$10.2$1.97$8.27$2.04$3.06$1.02
2018Summary only. Only limited summary data is available for this year.$11.5$0.97$10.5$1.52$3.02$1.50
2017Summary only. Only limited summary data is available for this year.$12.4$0.66$11.8$2.01$3.44$1.43
2016Summary only. Only limited summary data is available for this year.$14.1$0.74$13.4$1.45$3.03$1.58
2015Summary only. Only limited summary data is available for this year.$15.8$1.10$14.7$1.98$2.19$0.21
2014Summary only. Only limited summary data is available for this year.$16.8$0.06$16.8$2.03$2.16$0.13
2013Summary only. Only limited summary data is available for this year.$15.8$0.13$15.7$2.87$1.46$1.41
2012Summary only. Only limited summary data is available for this year.$14.2$0.02$14.1$2.33$1.86$0.46
2011Summary only. Only limited summary data is available for this year.$13.1$0.06$13.0$2.72$1.54$1.18