Bank Holding Company Association

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

EIN: 411417191 ✦ Eden prairie, MN ✦ Designated as a 501(c)(6)

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Overview

What is Bank Holding Company Association?

The Bank Holding Company Association is a nonprofit organization situated in Eden Prairie, Minnesota. Primarily serving organizations associated with the banking industry in the Upper Midwest, its mission is to provide its members with valuable information. This is accomplished through regular newsletters, meetings, and various other resources. The association offers educational and informational services to its members, fostering a supportive and knowledge-sharing environment within the banking sector of the Upper Midwest.


Official website here: www.thebhca.org

Is Bank Holding Company Association legitimate?

Bank Holding Company Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Bank Holding Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.thebhca.org

What is the mission statement of Bank Holding Company Association?

The Bank Holding Company Association serves as a membership organization, primarily comprising entities associated with the banking sector in the Upper Midwest. Its primary role involves providing informational and educational resources to its members. The association achieves this through various means, including newsletters, regular meetings, and other relevant materials. Quarterly, these newsletters are dispatched to the association's membership base. While the provided information does not specify an explicit mission statement, it can be inferred that the association's mission is to support and educate its banking industry members in the Upper Midwest.


Official website here: www.thebhca.org

Who is the CEO of Bank Holding Company Association?

Tom Bengtson is the President of Bank Holding Company Association.


Official website here: www.thebhca.org

What is the revenue of Bank Holding Company Association?

Bank Holding Company Association's revenue in 2022 was $424,792.


Official website here: www.thebhca.org

Who are the executives of Bank Holding Company Association and what are their salaries?


Here are 11 key members and their salaries:


Tim Siegle (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Bunbury (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Bullinger (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Jayne Crocker (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harry Wahlquist (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Healey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Segner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Wall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Bengtson (Managing Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Norris (Associate Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thebhca.org

Where can I find the form 990 for Bank Holding Company Association?

Bank Holding Company Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thebhca.org

Learn more at the official website: www.thebhca.org

Mission Statement of Bank Holding Company Association

The Bank Holding Company Association, often referred to as 'The Association,' is an organization that caters to institutions involved in the banking sector in the Upper Midwest. Its primary role is to offer a wide array of informational and educational services to its member organizations. The Association achieves this by disseminating relevant information through various mediums such as newsletters, meetings, and other resources. In fact, members receive regular quarterly newsletters as a means of keeping updated on industry developments and trends. This association plays a significant role in empowering its members by providing them with valuable insights and knowledge, thereby enhancing their operations within the banking industry.

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Impact




October, 2024

The Bank Holding Company Association plays a vital role in supporting organizations within the banking industry in the Upper Midwest. By offering a range of informational and educational services, the Association empowers its members to stay informed about industry trends, regulatory changes, and best practices. Through quarterly newsletters and regular meetings, members receive essential updates and insights that enhance their operational effectiveness and strategic decision-making.

The Association's focus on education and information dissemination helps foster a robust banking community, encouraging collaboration and dialogue among its members. By facilitating networking opportunities and providing access to valuable resources, the Bank Holding Company Association strengthens the overall resilience and competitive edge of banks in the region. This collective knowledge-sharing and support ultimately contribute to healthier financial systems and enhance the industry’s ability to navigate challenges.




This information is meant to be a general summary of Bank Holding Company 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
$424,792 (2022)
Expenses
$416,421 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,386
  • Program Service Revenue: $420,341
  • Gross Receipts: $424,792

Assets and Liabilities:

  • Total Assets: $553,050
  • Total Liabilities: $144,361
  • Net Assets: $408,689

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$196,647

EVENT SPONSORSHIPS

Revenue

$116,750

SEMINAR REVENUE

Revenue

$106,194

NATIONAL DIRECTORY

Revenue

$750

Organization Details

Founding Year

1980

Principal Officer

Tom Bengtson

Main Address

250 PRAIRIE CENTER DRIVE 300, EDEN PRAIRIE, MN, 55344

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