New York Bankers Association Inc

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

EIN: 131882974 ✦ New york, NY ✦ Designated as a 501(c)(6)

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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: $1,119,126
Professional Fundraising Fees: $0
Other Salaries and Wages: $827,150

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?

Drucilla Mahabir is the President & Ceo of New York Bankers Association Inc. The CEO's salary of New York Bankers Association Inc is $400,000 and their total compensation is $400,000.


Official website here: www.nyba.com

What is the revenue of New York Bankers Association Inc?

New York Bankers Association Inc's revenue in 2022 was $5,797,174.


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 2022 was $129,752. There are 15 employees and 370 volunteers at New York Bankers Association Inc.


Here are 49 key members and their salaries (New York Bankers Association Inc's CEO's salary is $400,000 and their total compensation is $400,000):


Clare Cusack (President & Ceo)
  • Compensation: $524,808
  • Related: $0
  • Other: $40,454
Michael P Smith (Former President & Ceo)
  • Compensation: $400,000
  • Related: $0
  • Other: $0
Karen L Armstrong (Senior Vice President)
  • Compensation: $269,505
  • Related: $0
  • Other: $26,382
Daniel L Babb (Senior Vice President)
  • Compensation: $227,988
  • Related: $0
  • Other: $24,357
Drucilla Mahabir (Accounting And Mis Director)
  • Compensation: $184,332
  • Related: $0
  • Other: $22,661
Megan Mcgovern (Assistant General Counsel)
  • Compensation: $147,183
  • Related: $0
  • Other: $20,111
Konstantinos Kananis (Vp Ins And Member Services)
  • Compensation: $135,582
  • Related: $0
  • Other: $12,954
Dorothy Hynes (Director Profit Solutions)
  • Compensation: $115,173
  • Related: $0
  • Other: $18,670
Barbara Leboff (Executive Assistant)
  • Compensation: $106,339
  • Related: $0
  • Other: $18,221
Niall Ohegarty (General Counsel)
  • Compensation: $72,120
  • Related: $0
  • Other: $0
Gregory B Braca (Chair (Thru 2/3/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Thelma B Ferguson (Chair (As Of 2/3/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Gilfeather (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin K Birmingham (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald E Gibson (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey H Barker (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
John R Buran (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gail E Cohen (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin A Dietrich (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin M O'Connor (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen S Romaine (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas W Schneider (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles V Wait (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas J Murphy (Govt Relations Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian A Howard (Trust Div Chair (Thru 10/8/21))
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel J Aricola Jr (Trust Division Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tami M Gunsch (Retail Chair (Thru 10/8/21))
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven G Santino (Retail Division Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas L Amell (Education Division Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl D Bowers (Education Division Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas E Ganey (Profit Solution Division Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derrik R Wynkoop (Asset Class Iii Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
John M Tolomer (Asset Cl Iii Rep(Thru 3/1/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark E Tryniski (Asset Class V Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen R Rayo (Asset Class Vii Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank H Hamlin Iii (Western Region)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Pollock (So. Tier/Rockland(Thru 3/1/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Anders M Tomson (Govt Relations Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Quinn (Hudson Valley/Westchester Reg.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Becker (Long Island Region)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard P Milstein (New York City Region)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Horodyski (Asset Class Ii Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ira D Robbins (At Large-Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher C Giamo (At-Large-Dir. (As Of 4/25/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark R Lavarnway (So Tier/Cen Reg(As Of 4/25/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Bingold (Retail Division Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael T Pugh (At-Large-Dir, (As Of 4/25/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard J Mccarthy Jr (Asset Class Vi Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Salvatore Guerrieri (Trust Division Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


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 2022 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.

Revenue
$5,797,174 (2022)
Expenses
$4,692,311 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,354,607
  • Program Service Revenue: $4,435,367
  • Gross Receipts: $14,968,293

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

$3,404,366

SERVICE MEMBER AND ASSOCIATE MEMBER FEES

Revenue

$173,303

EDUCATIONAL MEMBERSHIP FEES

Revenue

$857,698

Organization Details

Founding Year

1894

Phone

(212) 297-1661

Principal Officer

Drucilla Mahabir

Main Address

99 PARK AVE FL 4, NEW YORK, NY, 100161502

Website

www.nyba.com

NTEE Category

Code: S41 - Community improvement

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