Louisiana Bankers Association

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

EIN: 720243878 ✦ Baton rouge, LA ✦ Designated as a 501(c)(6)

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Overview

What is Louisiana Bankers Association?

The Louisiana Bankers Association, situated in Baton Rouge, Louisiana, is a nonprofit organization dedicated to fostering growth and prosperity within the banking sector of the state. Their primary activities involve organizing banking conventions and educational seminars for both association members and the public. Additionally, they represent the banking industry in judicial matters. In essence, their mission is to drive banking education and facilitate networking opportunities within Louisiana's banking community. With a staff of ten individuals, they strive to make a substantial impact in the banking landscape of the state.


Official website here: www.lba.org

Is Louisiana Bankers Association legitimate?

Louisiana Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Louisiana 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: $294,946
Professional Fundraising Fees: $0
Other Salaries and Wages: $896,934

For more financial information, click here


Official website here: www.lba.org

What is the mission statement of Louisiana Bankers Association?

The Louisiana Bankers Association's mission is geared towards assisting banks in thriving within the state of Louisiana. This is achieved through various activities, including hosting banking conventions and offering educational seminars for both association members and the public. Furthermore, the association provides judicial representation in banking matters to advocate for the industry's interests. In essence, the Louisiana Bankers Association serves as a catalyst for the growth and prosperity of banks operating within its jurisdiction.


Official website here: www.lba.org

Who is the CEO of Louisiana Bankers Association?

Ginger Laurent is the Chairman Elect of Louisiana Bankers Association. The CEO's salary of Louisiana Bankers Association is $262,119 and their total compensation is $294,946.


Official website here: www.lba.org

What is the revenue of Louisiana Bankers Association?

Louisiana Bankers Association's revenue in 2022 was $3,073,706.


Official website here: www.lba.org

Who are the executives of Louisiana Bankers Association and what are their salaries?

The average compensation at Louisiana Bankers Association during 2022 was $119,188. There are 10 employees at Louisiana Bankers Association.


Here are 19 key members and their salaries (Louisiana Bankers Association's CEO's salary is $262,119 and their total compensation is $294,946):


Joseph Quinlan (Chairman Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Ledet Jr (Immediate Past)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Vidrine (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Ferris (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian North (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Kip Bertrand (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Cole (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Marionneaux (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chip Knight (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Crispino (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darryl Ellerbee Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rose Miller (At-Large Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paige Oliver (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel Wilkinson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ginger Laurent (Ceo)
  • Compensation: $262,119
  • Related: $0
  • Other: $32,827
David Boneno (Legal Counsel)
  • Compensation: $189,271
  • Related: $0
  • Other: $25,369
Joseph Gendron (Director Of Gr)
  • Compensation: $189,034
  • Related: $0
  • Other: $25,338
Phillis Boyd (Controller)
  • Compensation: $136,338
  • Related: $0
  • Other: $6,810
Marcy Manuel (Educational Coordinator)
  • Compensation: $114,295
  • Related: $0
  • Other: $5,709


Official website here: www.lba.org

Where can I find the form 990 for Louisiana Bankers Association?

Louisiana Bankers Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lba.org

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

Mission Statement of Louisiana Bankers Association

The Louisiana Bankers Association, a prominent organization in the banking sector, is devoted to aiding banks in their growth and prosperity within the state of Louisiana. Its mission is multifaceted, encompassing various activities aimed at achieving this goal. The association hosts annual banking conventions and organizes educational seminars for both its members and the general public. These events provide valuable opportunities for learning and networking, enabling banks to stay informed about the latest trends and developments in the industry. Furthermore, the Louisiana Bankers Association represents banks on judicial matters related to banking, advocating on their behalf in legal proceedings and policy-making processes. This proactive approach ensures that banks in Louisiana operate under a fair and supportive regulatory environment, thereby contributing to their long-term success.

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Impact




October, 2024

The Louisiana Bankers Association significantly influences the banking sector in the state by promoting growth and prosperity among its member banks. Through a wide array of educational seminars and meetings, it fosters knowledge sharing and professional development, strengthening the capabilities of banking professionals. Its annual banking convention serves as a platform for networking and discussing industry trends, which can lead to innovations and best practices being adopted across the sector.

Additionally, the association provides judicial representation on banking matters, ensuring that the interests of Louisiana banks are effectively advocated in legal contexts. This not only protects the operational environment for banks but also contributes to the overall stability and health of the financial system in Louisiana. The collective efforts of the association enhance community improvement by ensuring that financial institutions thrive, ultimately benefiting the local economies they serve.




This information is meant to be a general summary of Louisiana 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.

Revenue
$3,073,706 (2022)
Expenses
$2,867,849 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $41,520
  • Program Service Revenue: $1,688,604
  • Gross Receipts: $3,075,781

Assets and Liabilities:

  • Total Assets: $6,903,944
  • Total Liabilities: $1,280,815
  • Net Assets: $5,623,129

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Programs

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

EDUCATIONAL PROGRAMS

Revenue

$1,287,440

CONVENTION

Revenue

$333,898

PUBLICATIONS

Revenue

$52,457

COMMISSIONS

Revenue

$8,624

OTHER PROGRAMS

Revenue

$6,185

Organization Details

Founding Year

1955

Principal Officer

Ginger Laurent

Main Address

5555 BANKERS AVENUE, BATON ROUGE, LA, 70808

NTEE Category

Code: S41 - Community improvement

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