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: $513,325
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,036,387
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?
T Rann Paynter is the CEO of Michigan Bankers Association The CEO's salary of Michigan Bankers Association is $460,129 and their total compensation is $521,602.
Official website here: www.michigan.bank
What is the revenue of Michigan Bankers Association?
Michigan Bankers Association's revenue in 2024 was $3,484,990.
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 2024 was $103,314. There are 15 employees and 250 volunteers at Michigan Bankers Association.
Here are 18 key members and their salaries (Michigan Bankers Association's CEO's salary is $460,129 and their total compensation is $521,602):
- Compensation: $460,129
- Related: $0
- Other: $61,473
- Compensation: $182,225
- Related: $0
- Other: $43,887
- Compensation: $167,801
- Related: $0
- Other: $32,829
- Compensation: $106,185
- Related: $0
- Other: $26,075
- Compensation: $103,245
- Related: $0
- Other: $10,212
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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 2024 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.
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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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $107,762
- Program Service Revenue: $3,175,571
- Gross Receipts: $3,949,805
Assets and Liabilities:
- Total Assets: $7,363,716
- Total Liabilities: $3,038,876
- Net Assets: $4,324,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,731,777
EDUCATIONAL PROGRAMS
Revenue
$949,055
MEMBER SERVICES
Revenue
$408,055
AD SALES
Revenue
$75,409
SPONSORSHIP
Revenue
$7,900
Organization Details
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