Overview
What is Vermont Bankers Association Inc?
Vermont Bankers Association Inc is a nonprofit organization stationed in Montpelier, Vermont. Their primary mission is to foster a thriving banking sector within the state, thereby contributing to Vermont's overall economic prosperity. To achieve this goal, they organize educational seminars and meetings for their members' employees. With a team of just two individuals, they work diligently to support the banking community of Vermont.
Official website here: www.vtbanker.com
Is Vermont Bankers Association Inc legitimate?
Vermont Bankers Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Vermont Bankers Association Inc 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: $240,077
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vtbanker.com
What is the mission statement of Vermont Bankers Association Inc?
The Vermont Bankers Association Inc's mission is centered around fostering a thriving banking community. This objective is aimed at contributing to a prosperous economic landscape in Vermont. To achieve this, they conduct educational seminars and meetings for their member institutions' employees, thereby enhancing their professional growth and the overall banking sector's performance.
Official website here: www.vtbanker.com
Who is the CEO of Vermont Bankers Association Inc?
Christopher D'Elia is the President of Vermont Bankers Association Inc.
Official website here: www.vtbanker.com
What is the revenue of Vermont Bankers Association Inc?
Vermont Bankers Association Inc's revenue in 2023 was $471,000.
Official website here: www.vtbanker.com
Who are the executives of Vermont Bankers Association Inc and what are their salaries?
The average compensation at Vermont Bankers Association Inc during 2023 was $120,038. There are 2 employees at Vermont Bankers Association Inc.
Here are 11 key members and their salaries:
- Compensation: $179,200
- Related: $0
- Other: $51,994
- Compensation: $62,956
- Related: $0
- Other: $30,534
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vtbanker.com
Where can I find the form 990 for Vermont Bankers Association Inc?
Vermont Bankers Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vtbanker.com
Learn more at the official website: www.vtbanker.com
Mission Statement of Vermont Bankers Association Inc
Vermont Bankers Association Inc is dedicated to fostering a thriving banking community, with the ultimate goal of bolstering the overall economic prosperity of Vermont. To achieve this mission, the organization actively promotes an environment that encourages the growth and success of its banking sector members.
The Association accomplishes this by organizing educational seminars and meetings for the employees of its member banks. By providing these learning opportunities, the Association empowers its members to stay updated on industry trends, best practices, and regulatory changes, thereby enhancing their ability to serve their clients effectively. This proactive approach to education not only benefits individual banks but also contributes to a stronger, more resilient banking sector in Vermont, ultimately working towards a prosperous economy.
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Impact
October, 2024
The Vermont Bankers Association Inc plays a vital role in enhancing the banking sector, which significantly contributes to the overall prosperity of Vermont's economy. By fostering a vibrant banking community, the association supports financial institutions in navigating challenges and seizing opportunities within the market.
Through conducting educational seminars and meetings, the association ensures that member employees are well-informed and equipped with the latest industry knowledge and best practices. This continuous professional development leads to improved service delivery and customer satisfaction, supporting a healthy banking environment.
Moreover, the emphasis on community improvement aligns with their mission to create an ecosystem that benefits not just financial institutions but also the broader Vermont community. By nurturing a thriving banking landscape, the Vermont Bankers Association Inc directly impacts economic growth, stability, and the overall quality of life for residents in the state.
This information is meant to be a general summary of Vermont Bankers Association Inc. 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 2023.
- Investment Income: $982
- Program Service Revenue: $453,185
- Gross Receipts: $471,000
Assets and Liabilities:
- Total Assets: $383,180
- Total Liabilities: $8,747
- Net Assets: $374,433
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$31,324
DIRECTORY ADVERTISING
Revenue
$6,900
EDUC PGM & ROYALTIES
Revenue
$45,153
Membership Dues & Assessments
Revenue
$281,500
SEMINARS & CONFERENCES
Revenue
$88,308
Organization Details
Founding Year
1909
Phone
(802) 229-0341Principal Officer
Christopher D'Elia
Main Address
PO BOX 587, MONTPELIER, VT, 05601
Website
www.vtbanker.comNTEE Category
Code: S41 - Community improvement
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