Overview
What is Connecticut Bankers Association?
The Connecticut Bankers Association is a nonprofit organization situated in Farmington, Connecticut. Its primary objective is to represent and advocate for financial institutions in the state, acting as a unified voice for its members in matters of mutual concern. The association actively lobbies legislators to shape banking laws and regulations, while also organizing events such as conventions, symposiums, and FDIC workshops. Beyond legislative action, the Connecticut Bankers Association fosters information exchange among its members, offering educational programs and cost-effective services to serve their collective needs. The association operates with a team of ten dedicated individuals.
Official website here: www.ctbank.com
Is Connecticut Bankers Association legitimate?
Connecticut Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Connecticut 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: $370,183
Professional Fundraising Fees: $0
Other Salaries and Wages: $763,542
For more financial information, click here
Official website here: www.ctbank.com
What is the mission statement of Connecticut Bankers Association?
The Connecticut Bankers Association serves as a representation for financial institutions within the state, acting as an advocate for its members' shared interests. Its mission is to support and promote beneficial legislative and regulatory actions at both the state and federal levels. The association encourages the exchange of ideas and information among its members, and strives to address their collective needs through the development of educational programs and cost-effective services.
Official website here: www.ctbank.com
Who is the CEO of Connecticut Bankers Association?
Thomas S Mongellow is the CEO of Connecticut Bankers Association The CEO's salary of Connecticut Bankers Association is $343,005 and their total compensation is $370,183.
Official website here: www.ctbank.com
What is the revenue of Connecticut Bankers Association?
Connecticut Bankers Association's revenue in 2023 was $11,673,382.
Official website here: www.ctbank.com
Who are the executives of Connecticut Bankers Association and what are their salaries?
The average compensation at Connecticut Bankers Association during 2023 was $103,066. There are 11 employees and 13 volunteers at Connecticut Bankers Association.
Here are 16 key members and their salaries (Connecticut Bankers Association's CEO's salary is $343,005 and their total compensation is $370,183):
- Compensation: $343,005
- Related: $0
- Other: $27,178
- 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
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $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
- Related: $0
- Other: $0
- Compensation: $221,341
- Related: $0
- Other: $44,255
- Compensation: $133,614
- Related: $0
- Other: $23,811
Official website here: www.ctbank.com
Where can I find the form 990 for Connecticut Bankers Association?
Connecticut Bankers Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ctbank.com
Learn more at the official website: www.ctbank.com
Mission Statement of Connecticut Bankers Association
The Connecticut Bankers Association, a prominent organization, is dedicated to representing the financial institutions within the State of Connecticut. Its primary mission is to serve as the collective voice of its members in matters of mutual concern. The association strives to support and promote legislative and regulatory actions at both the state and federal levels that are advantageous for its member institutions, the banking industry, and the residents of Connecticut. Additionally, the Connecticut Bankers Association fosters the exchange of information and ideas among its members, aiming to cater to their collective needs. It achieves this by developing educational programs and providing cost-effective services.
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Impact
October, 2024
The Connecticut Bankers Association (CBA) plays a crucial role in shaping the banking landscape in Connecticut. By actively representing financial institutions in the state, CBA serves as a vital advocate for its members, lobbying legislators on key banking laws and regulatory issues that directly affect the industry. This influence extends beyond just legislation; CBA facilitates educational opportunities through conventions, compliance symposiums, and workshops, ensuring member institutions remain informed and equipped to handle compliance challenges and industry changes.
Moreover, CBA fosters collaboration and the exchange of ideas among its members, promoting a sense of community that strengthens the banking sector as a whole. This network of support not only benefits the industry but also enhances the overall welfare of the communities these institutions serve. Through its collective efforts, the Connecticut Bankers Association actively works towards a robust banking environment that benefits both its members and the wider population in Connecticut.
This information is meant to be a general summary of Connecticut 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 2023.
- Investment Income: $235,964
- Program Service Revenue: $2,742,655
- Gross Receipts: $13,548,907
Assets and Liabilities:
- Total Assets: $4,193,357
- Total Liabilities: $2,443,022
- Net Assets: $1,750,335
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Member dues/assessments
Revenue
$1,422,072
Conferences/workshops
Revenue
$1,320,583
Organization Details
Founding Year
1899
Principal Officer
Thomas S Mongellow
Website
www.ctbank.comNTEE Category
Code: S41 - Community improvement
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