Overview
What is New Jersey Bankers Association?
The New Jersey Bankers Association, located in Cranford, New Jersey, serves as a representative body for its banking industry members. Its primary mission is to advocate for their interests before both state and federal governments and regulatory authorities. The association offers various supportive services, including assistance in public and media relations, education, and facilitating employee health insurance benefit programs. Moreover, they help their members comply with the Community Reinvestment Act regulations. As part of their activities, the New Jersey Bankers Association holds an annual convention focused on education for senior management in the banking industry and an annual meeting to coordinate activities affecting member associations. With a team of 13 dedicated individuals, the association is committed to supporting and representing the banking industry in New Jersey.
Official website here: www.njbankers.com
Is New Jersey Bankers Association legitimate?
New Jersey Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. New Jersey 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: $1,114,784
Professional Fundraising Fees: $0
Other Salaries and Wages: $677,907
For more financial information, click here
Official website here: www.njbankers.com
What is the mission statement of New Jersey Bankers Association?
The New Jersey Bankers Association serves as a advocacy group for its membership within the banking industry. Its primary mission is to represent the interests of its members before both state and federal governmental entities and regulatory authorities. Beyond advocacy, the association provides support and services to its members, including assistance with public and media relations, education, and employee health insurance benefit programs. Additionally, the New Jersey Bankers Association helps its members comply with the Community Reinvestment Act regulations.
Official website here: www.njbankers.com
Who is the CEO of New Jersey Bankers Association?
Michael Affuso is the President/Ceo(Through 6/30/22) of New Jersey Bankers Association. The CEO's salary of New Jersey Bankers Association is $507,471 and their total compensation is $556,119.
Official website here: www.njbankers.com
What is the revenue of New Jersey Bankers Association?
New Jersey Bankers Association's revenue in 2022 was $4,072,636.
Official website here: www.njbankers.com
Who are the executives of New Jersey Bankers Association and what are their salaries?
The average compensation at New Jersey Bankers Association during 2022 was $137,899. There are 13 employees and 29 volunteers at New Jersey Bankers Association.
Here are 33 key members and their salaries (New Jersey Bankers Association's CEO's salary is $507,471 and their total compensation is $556,119):
- Compensation: $507,471
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- Other: $48,648
- Compensation: $284,442
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- Other: $35,794
- Compensation: $162,707
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- Other: $25,341
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Official website here: www.njbankers.com
Where can I find the form 990 for New Jersey Bankers Association?
New Jersey Bankers Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.njbankers.com
Learn more at the official website: www.njbankers.com
Mission Statement of New Jersey Bankers Association
The New Jersey Bankers Association, a prominent organization within the banking industry, primarily dedicates its mission to representing the interests of its membership before both state and federal governmental bodies and regulatory authorities. This association serves as an advocate for the New Jersey banking industry, ensuring that the sector's concerns are heard and addressed effectively. Beyond its advocacy role, the New Jersey Bankers Association also provides various services and support to its members. These offerings encompass public and media relations, education, and employee health insurance benefit programs. The association further assists its members in meeting the requirements of the Community Reinvestment Act regulations.
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Impact
October, 2024
The New Jersey Bankers Association (NJBA) plays a crucial role in shaping the state's banking landscape by advocating for the interests of its member institutions before state and federal government and regulatory authorities. Through its efforts, NJBA not only influences legislative and regulatory frameworks but also facilitates essential dialogue between the banking sector and policymakers.
One of its key initiatives is the Annual Convention, which serves as a platform for education and networking among senior management in the banking industry. This event helps foster a culture of continuous learning and development, equipping banking leaders with the necessary knowledge to navigate the evolving financial landscape.
Additionally, NJBA supports its members through various services, including public and media relations, education initiatives, and employee health insurance benefit programs. This comprehensive support system enhances member institutions’ operational efficacy and community engagement, particularly in meeting Community Reinvestment Act regulations.
By focusing on advocacy, education, and member support, the New Jersey Bankers Association significantly contributes to the vitality and sustainability of the banking sector in New Jersey, ultimately benefiting the broader community through improved banking services and economic development initiatives.
This information is meant to be a general summary of New Jersey 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 2022.
- Investment Income: $31,328
- Program Service Revenue: $3,608,391
- Gross Receipts: $4,072,636
Assets and Liabilities:
- Total Assets: $5,053,875
- Total Liabilities: $490,013
- Net Assets: $4,563,862
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSOCIATION MEMBERSHIP DUES
Revenue
$1,561,882
CONVETIONS AND OTHER MEETING REVENUES
Revenue
$2,046,509
Organization Details
Founding Year
1908
Phone
(908) 272-8500Principal Officer
Michael Affuso
Main Address
411 NORTH AVENUE EAST, CRANFORD, NJ, 07016
Website
www.njbankers.comNTEE Category
Code: S41 - Community improvement
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