Mississippi Association Of Financial Institutions Of Deposit

Mississippi Bankers Association

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

EIN: 640204860 ✦ Jackson, MS ✦ Designated as a 501(c)(6)

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Overview

What is Mississippi Association Of Financial Institutions Of Deposit?

Mississippi Association Of Financial Institutions Of Deposit, commonly known as the Mississippi Bankers Association, is a nonprofit organization based in Jackson, Mississippi. Their primary mission is to keep members updated on banking regulations, tax laws, accounting methods, and operational practices. To further their objectives, they sponsor the MBA School of Banking and the Mississippi Young Bankers, providing educational resources to the sector's future leaders. With a team of nine dedicated employees, the Mississippi Bankers Association plays a vital role in shaping and supporting the banking industry in Mississippi.


Official website here: www.msbankers.com

Is Mississippi Association Of Financial Institutions Of Deposit legitimate?

Mississippi Association Of Financial Institutions Of Deposit is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mississippi Association Of Financial Institutions Of Deposit 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: $427,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $310,779

For more financial information, click here


Official website here: www.msbankers.com

What is the mission statement of Mississippi Association Of Financial Institutions Of Deposit?

The Mississippi Association of Financial Institutions of Deposit, often referred to as the Mississippi Bankers Association, serves its members by providing them with the latest updates on banking laws, tax regulations, accounting methods, and operational practices. Additionally, the association funds two educational initiatives: the MBA School of Banking and the Mississippi Young Bankers program. These initiatives aim to equip bankers with the necessary knowledge and skills to excel in their roles and contribute to the financial sector's growth.


Official website here: www.msbankers.com

Who is the CEO of Mississippi Association Of Financial Institutions Of Deposit?

Gordon Fellows is the Chairman of Mississippi Association Of Financial Institutions Of Deposit.


Official website here: www.msbankers.com

What is the revenue of Mississippi Association Of Financial Institutions Of Deposit?

Mississippi Association Of Financial Institutions Of Deposit's revenue in 2022 was $2,580,964.


Official website here: www.msbankers.com

Who are the executives of Mississippi Association Of Financial Institutions Of Deposit and what are their salaries?

The average compensation at Mississippi Association Of Financial Institutions Of Deposit during 2022 was $82,001. There are 9 employees at Mississippi Association Of Financial Institutions Of Deposit.


Here are 23 key members and their salaries:


Andy Anderson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
M Ray Cole (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitch Waycaster (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gordon Fellows (President)
  • Compensation: $359,489
  • Related: $0
  • Other: $67,742
Greg Mckee (Preceding Ch)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Childs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Nicholson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Wallace (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Chapman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Tindall Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Logue (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Staten (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Mccoy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Breland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Hemeter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robbie Barnes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Leard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Ellard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hairston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zach Luke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Dudley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kirk Graves (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.msbankers.com

Where can I find the form 990 for Mississippi Association Of Financial Institutions Of Deposit?

Mississippi Association Of Financial Institutions Of Deposit's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.msbankers.com

Learn more at the official website: www.msbankers.com

Mission Statement of Mississippi Association Of Financial Institutions Of Deposit

The Mississippi Bankers Association, shortened as Mississippi Association of Financial Institutions of Deposit, plays a significant role in supporting its banking sector members. Its mission is multifaceted, encompassing the provision of up-to-date information related to banking laws, tax laws, and accounting methods. Furthermore, the organization funds educational initiatives such as the MBA School of Banking and Mississippi Young Bankers, aiming to equip its members with the necessary skills and knowledge to excel in their respective roles within the banking industry.

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Impact




October, 2024

The Mississippi Association of Financial Institutions Of Deposit plays a crucial role in supporting the banking industry within the state. By providing members with up-to-date information regarding banking laws, tax regulations, accounting methods, and operational best practices, it ensures that financial institutions can navigate the complex regulatory landscape effectively.

Additionally, the organization contributes to the professional development of bankers through initiatives like the MBA School of Banking, fostering a well-trained workforce that can adapt to changes in the financial environment. The Mississippi Young Bankers program further cultivates the next generation of banking professionals, ensuring that the industry remains robust and innovative.

Overall, its focus on education and information dissemination not only enhances the capabilities of individual banks but also contributes to the overall stability and improvement of the financial services sector in Mississippi.




This information is meant to be a general summary of Mississippi Association Of Financial Institutions Of Deposit. 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
$2,580,964 (2022)
Expenses
$2,325,654 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,936
  • Program Service Revenue: $2,263,481
  • Gross Receipts: $2,595,513

Assets and Liabilities:

  • Total Assets: $3,179,315
  • Total Liabilities: $378,204
  • Net Assets: $2,801,111

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Programs

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

MEMBERSHIP DUES

Revenue

$978,676

CONVENTIONS/TRADE SHOWS

Revenue

$673,733

EDUCATIONAL SEMINARS

Revenue

$339,126

TUITION INCOME

Revenue

$116,900

QUALIFYING SPONSORSHIPS

Revenue

$91,546

Organization Details

Founding Year

1960

Principal Officer

Gordon Fellows

Main Address

PO BOX 37, JACKSON, MS, 392050037

NTEE Category

Code: S41 - Community improvement

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