Overview
What is West Virginia Bankers Association Inc?
West Virginia Bankers Association Inc is a nonprofit organization situated in Charleston, West Virginia. Their primary focus is to monitor laws and regulations affecting their member banks, acting as a voice for the banking industry before various state and federal regulatory agencies, including the WV State Legislature and the U.S. Congress. Committed to furthering its members' educational needs, the association provides programs related to the banking industry. Additionally, West Virginia Bankers Association Inc fosters cooperation with other trade group constituencies and encourages grassroots participation from its member banks to promote legislative action that benefits the banking industry and the state as a whole. With a dedicated workforce of seven employees, the organization is instrumental in representing the interests of its banking members effectively.
Official website here: www.wvbankers.org
Is West Virginia Bankers Association Inc legitimate?
West Virginia Bankers Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. West Virginia 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: $255,911
Professional Fundraising Fees: $0
Other Salaries and Wages: $203,029
For more financial information, click here
Official website here: www.wvbankers.org
What is the mission statement of West Virginia Bankers Association Inc?
The West Virginia Bankers Association Inc's mission is centered around efficiently catering to the educational needs of its member banks. The organization actively promotes legislative actions that benefit the banking industry and the state. It encourages grassroots participation from its members and fosters cooperation with other trade group constituencies. The West Virginia Bankers Association Inc also plays a significant role in monitoring laws and regulations affecting its members, representing the banking industry before various legislative bodies, and providing educational programs related to the banking sector.
Official website here: www.wvbankers.org
Who is the CEO of West Virginia Bankers Association Inc?
Mark Mangano is the CEO of West Virginia Bankers Association Inc The CEO's salary of West Virginia Bankers Association Inc is $211,014 and their total compensation is $246,447.
Official website here: www.wvbankers.org
What is the revenue of West Virginia Bankers Association Inc?
West Virginia Bankers Association Inc's revenue in 2024 was $1,574,078.
Official website here: www.wvbankers.org
Who are the executives of West Virginia Bankers Association Inc and what are their salaries?
The average compensation at West Virginia Bankers Association Inc during 2024 was $65,563. There are 7 employees at West Virginia Bankers Association Inc.
Here are 21 key members and their salaries (West Virginia Bankers Association Inc's CEO's salary is $211,014 and their total compensation is $246,447):
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- Compensation: $211,014
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- Other: $35,433
Official website here: www.wvbankers.org
Where can I find the form 990 for West Virginia Bankers Association Inc?
West Virginia Bankers Association Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wvbankers.org
Learn more at the official website: www.wvbankers.org
Mission Statement of West Virginia Bankers Association Inc
West Virginia Bankers Association Inc is dedicated to catering to the educational needs of its member banks while advocating for legislative actions that serve the best interests of the banking industry and the state. The organization's mission is multifaceted, aiming to engage its member banks in grassroots participation, promote collaborative efforts with other trade group constituencies, and champion legislative agendas that benefit the banking sector. By efficiently addressing these objectives, West Virginia Bankers Association Inc strives to foster a conducive environment for its member banks to thrive.
In pursuit of its mission, the organization takes an active role in monitoring laws and regulations affecting its members. By staying informed and proactive, West Virginia Bankers Association Inc is able to represent the banking industry effectively before various legislative bodies, including the WV State Legislature, the U.S. Congress, and other federal and state regulatory agencies. Through its advocacy efforts, the organization works tirelessly to ensure that the banking industry's interests are represented and protected.
In addition to its legislative advocacy, West Virginia Bankers Association Inc also offers educational programs related to the banking industry. These programs aim to equip its member banks with the necessary knowledge and skills to navigate the ever-changing landscape of the banking sector. By providing these educational resources, the organization strengthens the industry as a whole, ultimately benefiting both its members and the broader community. In summary, West Virginia Bankers Association Inc serves as a powerful advocate and educator for its member banks, working to shape a positive and sustainable future for the banking industry in West Virginia.
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Impact
October, 2024
The West Virginia Bankers Association Inc plays a significant role in enhancing the banking landscape within the state. By focusing on the educational needs of member banks, it ensures that banking professionals stay informed and proficient in their fields, ultimately leading to better service levels and operational efficiency.
The Association actively promotes legislative action that serves the best interests of both the banking industry and the state of West Virginia, enabling member banks to have a unified voice in policy discussions. This advocacy work is critical for shaping regulations and laws that support economic growth and financial stability within the community.
Furthermore, the organization encourages grassroots participation among its members, fostering a sense of community and collaboration. This engagement not only strengthens relationships within the banking sector but also enhances the collective influence of the Association on local and state policies.
In addition, the West Virginia Bankers Association serves as a vital resource for monitoring laws and regulations that affect its members, ensuring that they remain compliant while navigating the complexities of both state and federal requirements. By representing the banking industry before the West Virginia State Legislature and U.S. Congress, the Association plays a crucial role in safeguarding the interests of its members.
Through educational programs, legislative advocacy, and cooperation with other trade groups, the West Virginia Bankers Association Inc significantly impacts the banking sector in West Virginia, contributing to the overall improvement of community financial systems and the economic vitality of the state.
This information is meant to be a general summary of West Virginia 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 2024.
- Investment Income: $93,817
- Program Service Revenue: $1,351,540
- Gross Receipts: $1,574,078
Assets and Liabilities:
- Total Assets: $2,647,988
- Total Liabilities: $763,098
- Net Assets: $1,884,890
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES
Revenue
$556,549
CONVENTIONS/SPONSORSHI
Revenue
$433,913
EDUCATION
Revenue
$361,078
Organization Details
Founding Year
1983
Principal Officer
Mark Mangano
Website
www.wvbankers.orgNTEE Category
Code: S41 - Community improvement
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