Overview
What is New York Bankers Association Inc?
New York Bankers Association Inc is a nonprofit organization that serves the interests of community, regional, and major commercial banks, as well as thrift institutions, within New York State. Their primary objective is to enhance the overall welfare and significance of banks, trust companies, and related financial services. They achieve this by advocating for the highest banking standards and offering an educational program to encourage continuous improvement. The association represents various banking institutions within New York, aiming to foster a robust and responsible banking sector.
Official website here: www.nyba.com
Is New York Bankers Association Inc legitimate?
New York Bankers Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. New York 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: $1,367,085
Professional Fundraising Fees: $0
Other Salaries and Wages: $797,585
For more financial information, click here
Official website here: www.nyba.com
What is the mission statement of New York Bankers Association Inc?
The New York Bankers Association Inc. is dedicated to promoting the well-being and significance of banks, trust companies, and banking-related organizations. Their mission is to advocate for the highest banking standards and offer an educational program. They strive to enhance the banking sector by encouraging best practices and providing relevant educational resources. The association's goal is to contribute positively to the financial services industry and foster a prosperous banking environment.
Official website here: www.nyba.com
Who is the CEO of New York Bankers Association Inc?
Clare Cusack is the CEO of New York Bankers Association Inc The CEO's salary of New York Bankers Association Inc is $740,140 and their total compensation is $784,089.
Official website here: www.nyba.com
What is the revenue of New York Bankers Association Inc?
New York Bankers Association Inc's revenue in 2024 was $5,910,671.
Official website here: www.nyba.com
Who are the executives of New York Bankers Association Inc and what are their salaries?
The average compensation at New York Bankers Association Inc during 2024 was $120,259. There are 18 employees and 506 volunteers at New York Bankers Association Inc.
Here are 43 key members and their salaries (New York Bankers Association Inc's CEO's salary is $740,140 and their total compensation is $784,089):
- Compensation: $740,140
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- Other: $43,949
- Compensation: $302,279
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- Compensation: $276,958
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- Compensation: $209,065
- Related: $0
- Other: $25,190
- Compensation: $180,579
- Related: $0
- Other: $30,028
- Compensation: $143,765
- Related: $0
- Other: $24,086
- Compensation: $143,298
- Related: $0
- Other: $14,449
- Compensation: $115,925
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Official website here: www.nyba.com
Where can I find the form 990 for New York Bankers Association Inc?
New York Bankers Association Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nyba.com
Learn more at the official website: www.nyba.com
Mission Statement of New York Bankers Association Inc
The New York Bankers Association represents various commercial banks, regional banks, and thrift institutions in New York State. Their primary mission is to advocate for the general welfare and usefulness of these banking institutions and related financial services. They strive to encourage the highest possible banking standards within the industry. The association also provides an educational program to promote the advancement of banking practices and principles. By fostering a collaborative environment and setting high standards, the New York Bankers Association aims to contribute positively to the banking sector and the wider financial services industry.
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Impact
October, 2024
The New York Bankers Association Inc significantly impacts the banking sector in New York State by representing a diverse range of financial institutions, including community, regional, and money center commercial banks, as well as thrift institutions. Its primary mission is to enhance the welfare and usefulness of these banking entities, fostering an environment that supports effective financial services.
The Association plays a critical role in promoting high banking standards and best practices, which helps to ensure the stability and integrity of the financial system. It offers educational programs and resources that empower banking professionals to stay informed about industry developments and regulatory changes, thereby enhancing their operational effectiveness.
Furthermore, the New York Bankers Association Inc actively engages with policymakers and stakeholders to advocate for favorable banking regulations and practices. This advocacy not only benefits its members but also contributes to the overall health of the financial landscape in the state, ultimately supporting community development and economic growth.
Through its initiatives, the Association encourages collaboration among various banking institutions, fostering a sense of community and shared purpose. By prioritizing community improvement and ensuring that banking services align with the needs of consumers and businesses, the New York Bankers Association Inc plays a vital role in promoting financial stability and economic advancement within New York.
This information is meant to be a general summary of New York 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 2024.
- Investment Income: $479,253
- Program Service Revenue: $4,712,085
- Gross Receipts: $7,098,538
Assets and Liabilities:
- Total Assets: $29,674,110
- Total Liabilities: $32,688,390
- Net Assets: -$3,014,280
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BANK MEMBERSHIP DUES
Revenue
$3,418,011
EDUCATIONAL MEMBERSHIP FEES
Revenue
$1,138,949
SERVICE MEMBER AND ASSOCIATE MEMBER FEES
Revenue
$155,125
Organization Details
Founding Year
1894
Principal Officer
Drucilla Mahabir
Website
www.nyba.comNTEE Category
Code: S41 - Community improvement
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