Overview
What is Illinois Bank Examiners' Education Foundation?
The Illinois Bank Examiners' Education Foundation is a nonprofit organization situated in Springfield, Illinois. Its primary goal is to raise, invest, and distribute funds for the continuing education and professional training of employees within the Division of Banking, an agency of the Illinois Department of Financial and Professional Regulation. The foundation facilitates conference and seminar registrations, as well as covers related travel expenses, to ensure the ongoing development and skill enhancement of its personnel in the banking sector.
Is Illinois Bank Examiners' Education Foundation legitimate?
Illinois Bank Examiners' Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Bank Examiners' Education Foundation 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.
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What is the mission statement of Illinois Bank Examiners' Education Foundation?
The Illinois Bank Examiners' Education Foundation has a mission to facilitate the raising, investing, and disbursing of funds for the continued education and professional training activities of the examination employees within the Division of Banking, an agency of the Illinois Department of Financial and Professional Regulation. This foundation provides a means to support the professional growth and development of these employees, contributing to their overall effectiveness in their roles. Funds are utilized for covering conference/seminar registration fees and travel expenses, furthering the education and professional development of these employees.
Who is the CEO of Illinois Bank Examiners' Education Foundation?
Susana Soriano is the Director of Illinois Bank Examiners' Education Foundation.
What is the revenue of Illinois Bank Examiners' Education Foundation?
Illinois Bank Examiners' Education Foundation's revenue in 2023 was $32,589.
Who are the executives of Illinois Bank Examiners' Education Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Illinois Bank Examiners' Education Foundation?
Illinois Bank Examiners' Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Illinois Bank Examiners' Education Foundation
The Illinois Bank Examiners' Education Foundation serves as a platform to raise, invest, and distribute funds for the purpose of furthering the education and professional development of employees within the Division of Banking of the Illinois Department of Financial and Professional Regulation. This nonprofit organization aims to provide its beneficiaries with continuous learning opportunities and professional training, thereby enhancing their skills and knowledge in their roles as bank examiners. The foundation disburses funds for conference registrations and travel expenses, ensuring that its employees have access to the latest industry developments and best practices. By providing such resources, the Illinois Bank Examiners' Education Foundation empowers its employees to perform their duties effectively and contribute to maintaining a robust banking sector in Illinois.
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Impact
October, 2024
The Illinois Bank Examiners' Education Foundation significantly enhances the professional capabilities of examination employees within the Illinois Department of Financial and Professional Regulation's Division of Banking. By facilitating the raising, investing, and disbursing of funds dedicated to continuing education and professional training, the foundation ensures that these employees are well-equipped with the latest knowledge and skills in banking regulations and practices.
This commitment to ongoing education not only improves the competency of examiners but also promotes greater efficiency and effectiveness in their roles, ultimately leading to a more robust banking system in Illinois. The foundation’s support for conference and seminar attendance, along with travel expense coverage, allows examination staff to engage with experts and stay updated on industry developments. Such initiatives empower the workforce, enhance community improvement efforts, and uphold the standards of financial oversight in the state.
This information is meant to be a general summary of Illinois Bank Examiners' Education Foundation. 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 2023.
- Investment Income: $32,589
- Gross Receipts: $32,589
Assets and Liabilities:
- Total Assets: $3,670,112
- Total Liabilities: $0
- Net Assets: $3,670,112
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Organization Details
Founding Year
1987
Phone
(217) 785-2900Principal Officer
Susana Soriano
Main Address
320 W WASHINGTON, SPRINGFIELD, IL, 62786
NTEE Category
Code: S41I - Community improvement
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