Overview
What is Minnesota Bankers Association?
The Minnesota Bankers Association (MBA) is a prominent trade association based in Eden Prairie, Minnesota, with a mission to support and advocate for the general welfare of banks and bankers in the state. They achieve this through various means, including education, regulatory compliance guidance, group insurance, and communication activities. Their education programs cater to bankers at all levels, offering a range of formats from half-day sessions to week-long intensives. MBA's curriculum covers various banking aspects such as compliance, general banking, human resources, bank security, operations, agricultural lending, commercial lending, retail lending, and marketing. In addition to education, MBA produces seven manuals on different banking subjects and an annual compensation survey. They also promote advocacy by facilitating meetings between bankers and elected federal and state leaders. As of the provided information, MBA has approximately 24 employees and has engaged nearly 5,000 attendees in its diverse programming across the state.
Official website here: www.minnbankers.com
Is Minnesota Bankers Association legitimate?
Minnesota Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Minnesota 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: $496,078
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,099,279
For more financial information, click here
Official website here: www.minnbankers.com
What is the mission statement of Minnesota Bankers Association?
The Minnesota Bankers Association (MBA) serves the interests of banks and bankers by advocating for their general welfare, providing educational resources, ensuring regulatory compliance, offering group insurance, and facilitating communication activities. As a trade association, MBA offers education, professional development, reference publications, and advocacy to its member banks. It hosts various programming across the state, attracting nearly 5,000 attendees. MBA's educational programs cater to bankers at all levels, helping them develop professional and technical skills through a variety of formats. The association produces manuals on different banking subjects, including safe deposit, records retention, and agricultural lending, along with an annual compensation survey. Furthermore, MBA actively promotes advocacy by facilitating meetings between bankers and elected federal and state leaders.
Official website here: www.minnbankers.com
Who is the CEO of Minnesota Bankers Association?
Joseph Witt is the President/Ceo of Minnesota Bankers Association. The CEO's salary of Minnesota Bankers Association is $389,405 and their total compensation is $449,976.
Official website here: www.minnbankers.com
What is the revenue of Minnesota Bankers Association?
Minnesota Bankers Association's revenue in 2022 was $3,421,584.
Official website here: www.minnbankers.com
Who are the executives of Minnesota Bankers Association and what are their salaries?
The average compensation at Minnesota Bankers Association during 2022 was $66,473. There are 24 employees and 500 volunteers at Minnesota Bankers Association.
Here are 17 key members and their salaries (Minnesota Bankers Association's CEO's salary is $389,405 and their total compensation is $449,976):
- Compensation: $389,405
- Related: $0
- Other: $60,571
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $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
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $215,954
- Related: $0
- Other: $37,223
- Compensation: $169,255
- Related: $0
- Other: $13,722
- Compensation: $125,796
- Related: $0
- Other: $9,326
- Compensation: $117,048
- Related: $0
- Other: $29,601
- Compensation: $136,555
- Related: $0
- Other: $7,168
Official website here: www.minnbankers.com
Where can I find the form 990 for Minnesota Bankers Association?
Minnesota Bankers Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.minnbankers.com
Learn more at the official website: www.minnbankers.com
Mission Statement of Minnesota Bankers Association
The Minnesota Bankers Association (MBA) serves as a platform that advocates for the welfare and best interests of banks and bankers in Minnesota. Through various activities such as advocacy, education, regulatory compliance guidance, group insurance, and communication, MBA strives to support its member banks. As a trade association, the MBA provides education, professional development, reference publications, and advocacy to its bank members.
MBA's education programs are designed to cater to bankers at all levels, offering a wide range of opportunities for professional and technical skill development. These programs are offered in various formats, including half-day sessions, week-long intensive schools, classroom learning, online courses, and webinars. The MBA's educational offerings cover a broad spectrum of banking topics, including bank compliance, general banking, human resources, bank security, operations, agricultural lending, commercial lending, retail lending, and marketing.
To further support its members, MBA produces a series of manuals on different banking subjects, such as safe deposit, records retention, deposit accounts procedures, real estate lending, consumer lending, commercial lending, and agricultural lending. Additionally, MBA conducts an annual compensation survey. Furthermore, MBA promotes advocacy by facilitating meetings between bankers and elected federal and state leaders, thereby ensuring that the banking sector's concerns are heard at the highest levels of government.
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Impact
October, 2024
The Minnesota Bankers Association (MBA) significantly impacts the banking industry in Minnesota by advocating for the interests of banks and bankers across the state. Through strategic advocacy efforts, the MBA facilitates important dialogues between bankers and elected federal and state leaders, ensuring that the concerns and needs of the banking sector are heard and addressed.
MBA's education programs play a crucial role in developing the professional and technical skills of bankers at all levels. By offering a range of educational formats, from brief workshops to intensive week-long schools, the MBA provides comprehensive training in vital areas such as compliance, lending, operations, and marketing. This commitment to education helps ensure that bankers are well-equipped to navigate the complexities of the financial landscape.
Additionally, MBA produces essential reference materials, including manuals covering various banking topics and an annual compensation survey, which serve as valuable resources for member banks. These materials support regulatory compliance and best practices in banking operations, contributing to the overall professionalism within the industry.
Overall, the Minnesota Bankers Association fosters a strong and knowledgeable banking community, promoting both the well-being of individual institutions and the integrity of the banking industry as a whole in Minnesota.
This information is meant to be a general summary of Minnesota 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 2022.
- Investment Income: $46,034
- Program Service Revenue: $3,267,012
- Gross Receipts: $3,663,796
Assets and Liabilities:
- Total Assets: $8,043,309
- Total Liabilities: $558,114
- Net Assets: $7,485,195
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,945,851
CONVENTIONS AND CONFER
Revenue
$1,143,764
SPECIAL PROJECTS
Revenue
$177,397
Organization Details
Founding Year
1889
Phone
(952) 835-3900Principal Officer
Joseph Witt
Main Address
8050 WASHINGTON AVE SOUTH STE 150, EDEN PRAIRIE, MN, 55344
Website
www.minnbankers.comIf you are a representative of Minnesota 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.