Overview
What is Maine Bankers Association?
The Maine Bankers Association, established in 1893, is a dedicated nonprofit organization located at 2 Thomas Drive, Westbrook, ME 04092. Their primary mission is to safeguard and advance the interests of their banking industry members. They achieve this through various means, including advocacy, education, and resource provision. The Association represents members in legislative and regulatory matters at both state and federal levels. They also sponsor educational programs and forums for banks to share industry insights. Moreover, the Maine Bankers Association offers insurance programs, provides regulatory and compliance assistance, and manages media relations on behalf of its members. Annually, they organize major conferences with varying audiences and lengths, for which participants pay a fee to cover expenses. The Association currently employs 16 individuals.
Official website here: www.mainebankers.com
Is Maine Bankers Association legitimate?
Maine Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Maine Bankers Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $801,571
Professional Fundraising Fees: $0
Other Salaries and Wages: $775,195
For more financial information, click here
Official website here: www.mainebankers.com
What is the mission statement of Maine Bankers Association?
The Maine Bankers Association, established in 1893, plays a pivotal role in safeguarding and promoting the interests of its banking members. Through advocacy, education, and resource provision, the Association aims to foster a favorable environment for its members. In legislative and regulatory matters at both state and federal levels, the Maine Bankers Association represents its members effectively. The Association also sponsors educational programs and forums, allowing banks to share valuable industry information. Moreover, it offers insurance programs, provides regulatory and compliance assistance, and facilitates media relations on behalf of its member banks.
Official website here: www.mainebankers.com
Who is the CEO of Maine Bankers Association?
James Roche is the Principal Officer of Maine Bankers Association.
Official website here: www.mainebankers.com
What is the revenue of Maine Bankers Association?
Maine Bankers Association's revenue in 2022 was $2,864,046.
Official website here: www.mainebankers.com
Who are the executives of Maine Bankers Association and what are their salaries?
The average compensation at Maine Bankers Association during 2022 was $98,548. There are 16 employees and 35 volunteers at Maine Bankers Association.
Here are 38 key members and their salaries:
- Compensation: $350,585
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Official website here: www.mainebankers.com
Where can I find the form 990 for Maine Bankers Association?
Maine Bankers Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainebankers.com
Learn more at the official website: www.mainebankers.com
Mission Statement of Maine Bankers Association
The Maine Bankers Association, established in 1893, plays a pivotal role in promoting the welfare of its member banks. Its primary mission is to safeguard and advance their interests through various means. This nonprofit organization provides industry representation in both legislative and regulatory matters at both the state and federal levels. It serves as a powerful voice for its members, ensuring their interests are considered in policy-making processes.
In addition to advocacy, the Maine Bankers Association also focuses on education and information exchange. It sponsors educational programs and forums where banks can share valuable industry insights. This platform fosters a collaborative environment, enabling banks to learn from one another and stay updated on industry trends.
The organization also extends its support to its members by offering insurance programs. Furthermore, it provides regulatory and compliance assistance to help banks navigate complex regulatory environments. Additionally, the Maine Bankers Association facilitates media relations on their behalf, ensuring their voice is heard in the media.
In summary, the Maine Bankers Association is committed to serving its member banks by advocating for their interests, sponsoring educational programs, offering insurance programs, providing regulatory and compliance assistance, and facilitating media relations. Its mission is to safeguard and advance the interests of its members, contributing to the overall strength and success of Maine's banking industry.
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Impact
October, 2024
The Maine Bankers Association (MBA) plays a crucial role in supporting and advancing the interests of banks across the state. Founded in 1893, its long-standing presence ensures that Maine's banking industry is well-represented in both legislative and regulatory matters at various government levels. Through active advocacy, the MBA works to influence policies that impact member banks, fostering a more favorable regulatory environment.
Educational initiatives are another pillar of the MBA’s impact. The Association hosts major conferences and forums aimed at facilitating the exchange of valuable industry information among banks. These events not only promote ongoing education but also strengthen connections within the banking community. Members benefit from targeted learning opportunities that enhance their operational knowledge and capabilities.
Additionally, the MBA provides critical resources such as regulatory and compliance assistance, enabling member banks to navigate the complexities of financial regulations more effectively. The association also offers insurance programs and supports media relations, empowering member institutions to manage their public image and outreach more effectively.
Overall, the Maine Bankers Association enhances the banking landscape in Maine by ensuring its members are well-informed, adequately represented, and positioned for success within a fluctuating financial environment, ultimately contributing to the improvement of the community and the economy.
This information is meant to be a general summary of Maine Bankers Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,612
- Program Service Revenue: $2,854,329
- Gross Receipts: $2,864,046
Assets and Liabilities:
- Total Assets: $2,220,280
- Total Liabilities: $1,555,947
- Net Assets: $664,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Reimbursed Expenses
Revenue
$1,024,247
Membership Dues and As
Revenue
$994,043
Member Services
Revenue
$833,069
Miscellaneous
Revenue
$2,970
Organization Details
Founding Year
1893
Phone
(207) 791-8400Principal Officer
James Roche
Main Address
2 Thomas Drive, Westbrook, ME, 04092
Website
www.mainebankers.comNTEE Category
Code: S41 - Community improvement
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