Overview
What is Community Bankers Assn Of Il Inc?
Community Bankers Assn Of Il Inc is a nonprofit organization situated in Springfield, Illinois. Its primary objective is to advocate for and support community banks in the state, ensuring their competitiveness. They achieve this through various means, including educational resources, political representation, and essential services. The association, with a team of 23 individuals, works tirelessly to enhance the banking sector's strength, values, and contributions in Illinois. By aggregating political, economic, and marketing power, they aim to benefit both their member banks' customers and the communities they serve. The CBAI's mission is pursued with integrity, equal representation, professionalism, vision, and responsiveness.
Official website here: www.cbai.com
Is Community Bankers Assn Of Il Inc legitimate?
Community Bankers Assn Of Il Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Community Bankers Assn Of Il 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:
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Other Salaries and Wages: $1,756,347
For more financial information, click here
Official website here: www.cbai.com
What is the mission statement of Community Bankers Assn Of Il Inc?
The Community Bankers Association of Illinois aims to give its member banks a competitive edge by collectively strengthening their political, economic, and marketing power. This organization is committed to ensuring the continued competitiveness of community banks, benefiting their customers and the communities they serve. By providing quality education, effective political representation, and essential products and services, the CBAI pursues its mission with integrity, equal representation, professionalism, vision, and responsiveness.
Official website here: www.cbai.com
What is the revenue of Community Bankers Assn Of Il Inc?
Community Bankers Assn Of Il Inc's revenue in 2024 was $4,535,179.
Official website here: www.cbai.com
Who are the executives of Community Bankers Assn Of Il Inc and what are their salaries?
The average compensation at Community Bankers Assn Of Il Inc during 2024 was $83,636. There are 21 employees and 180 volunteers at Community Bankers Assn Of Il Inc.
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Official website here: www.cbai.com
Where can I find the form 990 for Community Bankers Assn Of Il Inc?
Community Bankers Assn Of Il Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cbai.com
Learn more at the official website: www.cbai.com
Mission Statement of Community Bankers Assn Of Il Inc
The Community Bankers Association of Illinois, a prominent organization, is committed to offering its members a substantial advantage by efficiently combining political, economic, and marketing influence. Its primary objective is to ensure the continued competitiveness of community banks for the welfare of their clientele and the communities they serve. This is accomplished through the provision of top-tier education, robust political representation, and essential products and services. The Association carries out its mission with unwavering integrity, equal representation, professionalism, vision, and responsiveness, aiming to maintain a level playing field for community banks and contribute positively to the communities they serve.
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Impact
October, 2024
The Community Bankers Association of Illinois (CBAI) plays a crucial role in enhancing the competitive standing of community banks across the state. By aggregating political, economic, and marketing power, the CBAI enables its members to thrive in a challenging financial landscape. This support is essential not only for the banks themselves but also for their customers and the communities they serve.
The CBAI's commitment to delivering quality education ensures that member banks remain informed about best practices, regulatory changes, and innovative solutions. Additionally, its effective political representation empowers these banks to advocate for policies that support their interests and foster a healthier banking environment. This advocacy is vital for sustaining the unique advantages that community banks provide, such as personalized service and a deep understanding of local needs.
Through publications, meetings, and conventions, the CBAI symbolizes the collective strength, values, and contributions of community banks in Illinois. This representation reinforces the importance of these institutions in promoting community improvement, driving economic growth, and serving the diverse financial needs of their customers. By maintaining a commitment to integrity, professionalism, and responsiveness, the CBAI ensures that its members are well-equipped to navigate the complexities of the banking industry and continue making a positive impact in their communities.
This information is meant to be a general summary of Community Bankers Assn Of Il 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: $85,445
- Program Service Revenue: $3,872,185
- Gross Receipts: $4,535,179
Assets and Liabilities:
- Total Assets: $6,966,322
- Total Liabilities: $1,695,506
- Net Assets: $5,270,816
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$1,652,307
Education
Revenue
$1,465,847
Convention
Revenue
$705,631
Career Development Div
Revenue
$45,330
Associate Membership D
Revenue
$3,070
Organization Details
Founding Year
1974
Principal Officer
Kraig Lounsberry
Website
www.cbai.comNTEE Category
Code: S41 - Community improvement
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