Overview
What is Illinois Bankers Education Services Inc?
Illinois Bankers Education Services Inc is a not-for-profit organization dedicated to enhancing the professional skills of employees in the financial sector. Based on the provided information, their mission revolves around sponsoring education programs that cater to commercial banks, savings and loans, and other financial institutions, as well as interested parties. Their primary objective is to improve the competencies of their workforce, thereby contributing to the overall growth and success of the financial industry. The organization operates as a platform for continuous learning and development, providing an opportunity for individuals to upgrade their skills and stay updated with the latest trends in the financial sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (39%)
Illinois Bankers Education Services Inc has received a low rating of 39%, resulting in a Zero-Star out of Four Stars designation. This indicates significant concerns in the areas of accountability and finance. The organization shows a complete lack of independent board members, which raises questions about governance and oversight.
On a positive note, Illinois Bankers Education Services has implemented some key policies, such as a conflict of interest policy and a whistleblower policy, both of which are appropriately listed. Furthermore, the organization has no reported issues with material diversion of assets, demonstrating some level of financial integrity in that regard.
However, the financial indicators reveal deeper issues, including an alarming liabilities-to-assets ratio of 142.86%, suggesting potential financial instability. Additionally, the organization has missed several requirements, such as posting its tax form on its website, which could impact transparency and trust among donors and stakeholders. Overall, the nonprofit faces challenges that need to be addressed to improve its standing and efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Bankers Education Services Inc legitimate?
Illinois Bankers Education Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Bankers Education Services 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
What is the mission statement of Illinois Bankers Education Services Inc?
Illinois Bankers Education Services Inc is dedicated to promoting the betterment of employees working in commercial banks, savings and loans, and other financial institutions. This not-for-profit organization sponsors educational programs aiming to enhance the skills of these individuals and interested parties. Their primary mission is to provide educational resources that will empower the workforce in the financial sector, thereby contributing to the overall industry's growth and success.
Who is the CEO of Illinois Bankers Education Services Inc?
Unavailable
What is the revenue of Illinois Bankers Education Services Inc?
Illinois Bankers Education Services Inc's revenue in 2022 was $1,442,352.
Who are the executives of Illinois Bankers Education Services Inc and what are their salaries?
There are 2 employees and 7 volunteers at Illinois Bankers Education Services Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Illinois Bankers Education Services Inc?
Illinois Bankers Education Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Illinois Bankers Education Services Inc
Illinois Bankers Education Services Inc, as a not-for-profit organization, is dedicated to sponsoring educational programs. Its mission is centered around enhancing the skills of employees working in commercial banks, savings and loans, and other financial institutions, as well as interested parties. The organization's primary objective is to provide education that can significantly improve the competence and proficiency of these individuals, thereby contributing to the overall strength and effectiveness of the financial sector. By doing so, Illinois Bankers Education Services Inc aims to promote professional growth and development within the financial industry, ultimately benefiting both the individuals and the organizations they serve.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Illinois Bankers Education Services Inc plays a significant role in enhancing the capabilities and competencies of employees within the financial sector. By sponsoring educational programs specifically tailored for commercial banks, savings and loans, and other financial institutions, it aims to address skill gaps and foster professional development.
The organization focuses on improving the knowledge and skills of personnel, which ultimately contributes to the overall efficacy and competitiveness of the financial industry. This commitment to education helps cultivate a more knowledgeable workforce, enabling financial institutions to provide better services to their clients. Additionally, by including interested parties in their programs, they facilitate broader community engagement and support the ongoing professional growth of individuals beyond traditional banking roles.
This information is meant to be a general summary of Illinois Bankers Education Services 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 2022.
- Program Service Revenue: $1,415,247
- Gross Receipts: $1,442,352
Assets and Liabilities:
- Total Assets: $167,362
- Total Liabilities: $239,098
- Net Assets: -$71,736
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Convention
Revenue
$293,195
Courses
Revenue
$161,914
Seminars
Revenue
$279,527
Special Programs
Revenue
$680,611
Organization Details
Founding Year
1999
Phone
(217) 789-9340Main Address
3201 West White Oaks Drive 400, Springfield, IL, 62704
NTEE Category
Code: B50 - Education
If you are a representative of Illinois Bankers Education Services Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.