New Mexico Bankers Association

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

EIN: 850056645 ✦ Albuquerque, NM ✦ Designated as a 501(c)(6)

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Overview

What is New Mexico Bankers Association?

The New Mexico Bankers Association (NMBA) is a nonprofit organization situated in Albuquerque, New Mexico. Its primary role is to act as a representative for member banks, interacting with government, the public, and the banking industry to provide resources, education, and information. This aim is to enhance opportunities for banking success. The association promotes unity within the banking sector on common issues and works towards improving the regulatory climate, enabling banks to competitively offer financial and related products and services. With a team of three dedicated individuals, NMBA plays a significant role in supporting the banking sector in New Mexico.


Official website here: www.nmbankers.com

Is New Mexico Bankers Association legitimate?

New Mexico Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. New Mexico 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: $210,580
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,854

For more financial information, click here


Official website here: www.nmbankers.com

What is the mission statement of New Mexico Bankers Association?

The New Mexico Bankers Association serves as a representative for its member banks, engaging with government, the public, and the industry. Its primary goal is to enhance the opportunities for success in banking by providing resources, education, and information. The association promotes unity within the industry on common issues, aiming to improve the regulatory climate to allow banks to profitably compete in the provision of financial and related products and services.


Official website here: www.nmbankers.com

Who is the CEO of New Mexico Bankers Association?

John Anderson is the Director of New Mexico Bankers Association.


Official website here: www.nmbankers.com

What is the revenue of New Mexico Bankers Association?

New Mexico Bankers Association's revenue in 2022 was $534,238.


Official website here: www.nmbankers.com

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

The average compensation at New Mexico Bankers Association during 2022 was $99,811. There are 3 employees at New Mexico Bankers Association.


Here are 14 key members and their salaries:


Scott Czarniak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Emmert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Horn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Clayton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Jenkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Mathews (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Beasley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Earls (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Mondragon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Lowrimore (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Hockmuth (Pres Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lonnie Talbert (Pres To Feb)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Wyatt (Immediate Pa)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Anderson (Executive Vp)
  • Compensation: $185,820
  • Related: $0
  • Other: $15,375


Official website here: www.nmbankers.com

Where can I find the form 990 for New Mexico Bankers Association?

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


Official website here: www.nmbankers.com

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

Mission Statement of New Mexico Bankers Association

The New Mexico Bankers Association, as a representative for its member banks, serves a crucial role in enhancing opportunities for success within the banking industry. Its mission is multifaceted, aiming to act as a liaison between banks, government, the public, and the industry. By providing resources, education, and information, the association seeks to improve the regulatory climate, enabling banks to competitively offer financial and related products and services profitably. Furthermore, the New Mexico Bankers Association promotes unity within the industry by addressing common issues, fostering a collaborative environment that benefits all member banks.

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Impact




October, 2024

The New Mexico Bankers Association (NMBA) plays a pivotal role in advancing the state's banking sector by acting as a key representative for member banks in their interactions with government, the public, and the broader industry. By advocating for the interests of banks, NMBA helps create a regulatory environment that allows for profitable competition in the delivery of financial products and services.

Through its provision of resources, education, and information, NMBA enhances opportunities for success within the banking community. This focus on professional development and industry best practices helps member banks to navigate challenges and capitalize on opportunities effectively. Furthermore, NMBA fosters unity among bankers, encouraging collaboration on common issues and promoting a strong, cohesive industry voice.

The association's efforts not only benefit individual banks but also contribute to the overall health and stability of New Mexico's financial landscape, ultimately leading to community improvement and economic growth. By aligning the interests of member banks and reinforcing a collective approach to industry challenges, NMBA strengthens the banking sector's role in supporting the state's economy and the needs of its citizens.




This information is meant to be a general summary of New Mexico 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
$534,238 (2022)
Expenses
$487,445 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,031
  • Program Service Revenue: $94,236
  • Gross Receipts: $534,238

Assets and Liabilities:

  • Total Assets: $1,451,181
  • Total Liabilities: $40,368
  • Net Assets: $1,410,813

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Programs

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

SEMINARS

Revenue

$64,651

ENDORSEMENT ROYALTY

Revenue

$29,585

Organization Details

Founding Year

1906

Principal Officer

John Anderson

Main Address

316 OSUNA ROAD NE, ALBUQUERQUE, NM, 871075956

NTEE Category

Code: S41 - Community improvement

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