Michigan Bankers Association

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

EIN: 380823040 ✦ Lansing, MI ✦ Designated as a 501(c)(6)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Michigan Bankers Association?

The Michigan Bankers Association is a nonprofit organization dedicated to improving the business environment for Michigan's banking sector. Their mission is to promote safe, profitable, and successful banks that contribute to strong communities and a thriving economy in the state. They accomplish this by advocating for and supporting the banking industry, aiming to create a favorable business environment for Michigan's financial institutions.


Official website here: www.michigan.bank

Is Michigan Bankers Association legitimate?

Michigan Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Michigan 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: $493,584
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,036,250

For more financial information, click here


Official website here: www.michigan.bank

What is the mission statement of Michigan Bankers Association?

The Michigan Bankers Association aims to promote a favorable business environment for the banking industry within Michigan. Their mission is to advocate for and support banks, ensuring they operate in a safe, profitable, and successful manner. By doing so, they contribute to the creation of strong communities and a thriving Michigan economy.


Official website here: www.michigan.bank

Who is the CEO of Michigan Bankers Association?

Matthew Szubinski is the Director of Michigan Bankers Association. The CEO's salary of Michigan Bankers Association is $429,596 and their total compensation is $483,653.


Official website here: www.michigan.bank

What is the revenue of Michigan Bankers Association?

Michigan Bankers Association's revenue in 2023 was $3,409,827.


Official website here: www.michigan.bank

Who are the executives of Michigan Bankers Association and what are their salaries?

The average compensation at Michigan Bankers Association during 2023 was $117,680. There are 13 employees and 250 volunteers at Michigan Bankers Association.


Here are 16 key members and their salaries (Michigan Bankers Association's CEO's salary is $429,596 and their total compensation is $483,653):


Eric Beckhusen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Keene (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenny Meier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregg Christenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwin H Eichler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Kelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
J David Vlahos (Director (Ended 12/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Shafer (Director (Ended 12/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerome Schwind (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roxanne Daust (Chair-Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
W Brad Kessel (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond A Biggs (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
T Rann Paynter (President & Ceo)
  • Compensation: $429,596
  • Related: $0
  • Other: $54,057
Matthew D Szubinski (Cfo/Coo)
  • Compensation: $149,383
  • Related: $0
  • Other: $31,087
Patricia Herndon (Chief Policy Officer)
  • Compensation: $176,125
  • Related: $0
  • Other: $42,880
Stephanie Fisher (Senior Vp, Education)
  • Compensation: $103,135
  • Related: $0
  • Other: $28,036


Official website here: www.michigan.bank

Where can I find the form 990 for Michigan Bankers Association?

Michigan Bankers Association's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.michigan.bank

Learn more at the official website: www.michigan.bank

Mission Statement of Michigan Bankers Association

The Michigan Bankers Association, in its mission, aims to establish a favorable business climate for the Michigan banking sector. This nonprofit organization is dedicated to advocating for and supporting the banking industry, with the ultimate goal of fostering financially sound and successful banks. By doing so, the Michigan Bankers Association strives to contribute to the growth of strong communities and a thriving Michigan economy.

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

The Michigan Bankers Association (MBA) plays a vital role in advocating for and supporting the state's banking industry. By fostering a positive business environment, the MBA helps ensure that Michigan banks operate safely and profitably, which in turn promotes strong communities and contributes to a vibrant state economy. Its focus on advocacy empowers banks to navigate challenges and seize opportunities, enhancing their ability to serve customers and support local initiatives.

Through its efforts, the MBA not only supports the banking sector but also reinforces the interconnectedness of financial institutions and the communities they serve. This collaboration helps drive economic growth, making the MBA an influential player in shaping the future of banking in Michigan.




This information is meant to be a general summary of Michigan 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.

Revenue
$3,409,827 (2023)
Expenses
$3,224,431 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $74,024
  • Program Service Revenue: $3,150,471
  • Gross Receipts: $3,512,126

Assets and Liabilities:

  • Total Assets: $7,363,716
  • Total Liabilities: $3,038,876
  • Net Assets: $4,324,840

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.

MEMBERSHIP DUES

Revenue

$1,667,820

EDUCATIONAL PROGRAMS

Revenue

$983,221

MEMBER SERVICES

Revenue

$414,594

AD SALES

Revenue

$79,205

MISCELLANEOUS PROGRAM

Revenue

$2,931

Organization Details

Founding Year

1981

Principal Officer

Matthew Szubinski

Main Address

507 SOUTH GRAND AVENUE, LANSING, MI, 48933

If you are a representative of Michigan Bankers Association 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.