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Rhode Island Bankers Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 056015433 ✦ Providence, RI ✦ Designated as a 501(c)(6)

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Overview

What is Rhode Island Bankers Association Inc?

Rhode Island Bankers Association Inc is a nonprofit organization dedicated to maintaining a robust, efficient, and competitive banking sector within Rhode Island. They fulfill this objective by closely monitoring legislation impacting the banking industry and advocating for relevant changes. Additionally, the association focuses on educating the public and fostering improved services and efficient operations among its member banks, ensuring the sector's overall growth and success. The description provided in the information array suggests that they actively engage in these activities, as indicated by their line 1 in part III of their 990 form.


Official website here: www.ribankers.com

Is Rhode Island Bankers Association Inc legitimate?

Rhode Island Bankers Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Rhode Island 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ribankers.com

What is the mission statement of Rhode Island Bankers Association Inc?

The Rhode Island Bankers Association Inc's mission is centered around maintaining a robust and competitive banking sector in the state. They accomplish this by closely monitoring legislation that impacts the banking industry. Furthermore, they initiate programs aimed at educating the public and enhancing services provided by their member banks. Their ultimate goal is to foster improved operations and efficiency within the banking sector. This information can be found in their tax filings under Part III, Line 1.


Official website here: www.ribankers.com

Who is the CEO of Rhode Island Bankers Association Inc?

Keith D Kelly is the President/Director of Rhode Island Bankers Association Inc.


Official website here: www.ribankers.com

What is the revenue of Rhode Island Bankers Association Inc?

Rhode Island Bankers Association Inc's revenue in 2022 was $280,556.


Official website here: www.ribankers.com

Who are the executives of Rhode Island Bankers Association Inc and what are their salaries?

There 168 volunteers at Rhode Island Bankers Association Inc.


Here are 21 key members and their salaries:


Louis M Amoriggi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cristina Feden (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith D Kelly (President/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian J Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Derderian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin P Tracy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael A Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Casale (Director/Vp/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Noble (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James M Hagerty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Tangen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen J Gibbons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin M Oates (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth D'Amato (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jillian J Deshiro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Leveillee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Silva (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin H Deshaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven M Parente (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Solomon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caitlin Lucchino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ribankers.com

Where can I find the form 990 for Rhode Island Bankers Association Inc?

Rhode Island Bankers Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ribankers.com

Learn more at the official website: www.ribankers.com

Mission Statement of Rhode Island Bankers Association Inc

The Rhode Island Bankers Association Inc is committed to ensuring a robust, efficient, and competitive banking sector within the state. To achieve this, the organization actively monitors legislation that impacts the banking industry. By keeping a close eye on relevant laws, the Association can proactively address any potential challenges or opportunities that may arise.

Beyond legislative monitoring, the Rhode Island Bankers Association Inc also focuses on educating the public about banking matters. This involves developing informative programs to increase public understanding of the banking system and the services provided by member banks. By promoting improved services and efficient operations, the Association aims to enhance the overall performance of the banking sector in the state.

In summary, the mission of Rhode Island Bankers Association Inc is to maintain a healthy and competitive banking environment in the state of Rhode Island. This is achieved through careful legislative monitoring and public education initiatives, with the ultimate goal of improving banking services and operations for its member banks.

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Impact




October, 2024

The Rhode Island Bankers Association Inc plays a vital role in ensuring a sound and competitive banking system in the state of Rhode Island. It actively monitors legislation that impacts the banking industry, ensuring that member banks are well-informed and prepared to adapt to changes in regulations. By fostering communication and collaboration among banks, the Association develops programs that enhance public awareness of banking operations and services.

In addition, it promotes improved services and operational efficiency within member banks, helping them to better serve their customers and communities. This focus on legislative advocacy, public education, and best practices strengthens the overall banking landscape in Rhode Island, contributing to a stable and robust economy.




This information is meant to be a general summary of Rhode Island 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.

Revenue
$280,556 (2022)
Expenses
$277,093 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $531
  • Gross Receipts: $280,556

Assets and Liabilities:

  • Total Assets: $265,369
  • Total Liabilities: $0
  • Net Assets: $265,369

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EDUCATION PROGRAM

Revenue

$531

Organization Details

Founding Year

1915

Principal Officer

Keith D Kelly

Main Address

PO BOX 25432, PROVIDENCE, RI, 02905

NTEE Category

Code: W60C - Public benefit

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