Overview
What is Maryland Bankers Association Inc?
Maryland Bankers Association Inc, located in Annapolis, Maryland, serves as a nonprofit organization dedicated to fostering the robustness and prosperity of Maryland banks and bankers. Their primary mission includes promoting the well-being of the state's banking sector. The Association provides programs that benefit statewide member banks, as outlined in their Statement of Functional Expenses. With a team of eight dedicated individuals, their activities aim to support the growth and success of Maryland's banking community.
Official website here: www.mdbankers.com
Is Maryland Bankers Association Inc legitimate?
Maryland Bankers Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Maryland Bankers Association Inc 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: $527,428
Professional Fundraising Fees: $0
Other Salaries and Wages: $506,557
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Official website here: www.mdbankers.com
What is the mission statement of Maryland Bankers Association Inc?
The Maryland Bankers Association Inc's mission is centered around promoting the strength and success of Maryland's banking sector and bankers. They achieve this by providing programs and resources tailored to benefit statewide member banks. This mission is evident in their functional expenses, detailed in their Statement of Functional Expenses.
Official website here: www.mdbankers.com
Who is the CEO of Maryland Bankers Association Inc?
Ramon Looby is the CEO of Maryland Bankers Association Inc The CEO's salary of Maryland Bankers Association Inc is $340,484 and their total compensation is $371,818.
Official website here: www.mdbankers.com
What is the revenue of Maryland Bankers Association Inc?
Maryland Bankers Association Inc's revenue in 2023 was $2,415,162.
Official website here: www.mdbankers.com
Who are the executives of Maryland Bankers Association Inc and what are their salaries?
The average compensation at Maryland Bankers Association Inc during 2023 was $114,887. There are 9 employees and 120 volunteers at Maryland Bankers Association Inc.
Here are 24 key members and their salaries (Maryland Bankers Association Inc's CEO's salary is $340,484 and their total compensation is $371,818):
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- Compensation: $131,797
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- Other: $9,078
Official website here: www.mdbankers.com
Where can I find the form 990 for Maryland Bankers Association Inc?
Maryland Bankers Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mdbankers.com
Learn more at the official website: www.mdbankers.com
Mission Statement of Maryland Bankers Association Inc
Maryland Bankers Association Inc, as outlined in its mission description, is dedicated to fostering the strength and success of banks and bankers within the state. This mission is geared towards promoting the well-being and prosperity of the banking sector within Maryland. The Association achieves this by providing programs that benefit its statewide member banks, as detailed in their financial statements.
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Impact
October, 2024
Maryland Bankers Association Inc significantly influences the financial landscape in Maryland by promoting the strength and success of local banks and bankers. By providing programs and resources, the organization enhances the operational capabilities and competitiveness of its member banks. Their initiatives foster professional development, advocate for favorable regulatory policies, and facilitate collaboration among financial institutions.
Through advocacy efforts, Maryland Bankers Association Inc plays a crucial role in shaping legislation that supports the banking industry, ensuring that member institutions can thrive in a dynamic economic environment. The association’s focus on community improvement also underlines its commitment to enhancing financial services and access for Maryland residents, ultimately contributing to the overall financial health of communities across the state.
By championing the interests of banks and bankers, the Maryland Bankers Association Inc not only strengthens the banking sector but also contributes to the economic vitality and stability of Maryland as a whole.
This information is meant to be a general summary of Maryland Bankers Association Inc. 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: $13,173
- Program Service Revenue: $2,168,589
- Gross Receipts: $2,480,078
Assets and Liabilities:
- Total Assets: $2,696,067
- Total Liabilities: $2,507,973
- Net Assets: $188,094
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,256,097
CONVENTION
Revenue
$335,544
MD BANKING SCHOOL
Revenue
$172,470
MARYLAND BANK SERVICES
Revenue
$135,229
ECONOMIC OUTLOOK FORUM
Revenue
$131,825
Organization Details
Founding Year
1896
Principal Officer
Ramon Looby
Website
www.mdbankers.comNTEE Category
Code: S41 - Community improvement
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