Nevada Bankers Association

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

EIN: 880038255 ✦ Las vegas, NV ✦ Designated as a 501(c)(6)

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Overview

What is Nevada Bankers Association?

Nevada Bankers Association is a nonprofit organization situated in Las Vegas, Nevada. Its primary mission is to enhance the overall wellbeing and utility of banks and banking institutions within the state. This is achieved through annual conventions, meetings, and conferences. The association aims to promote the interests of the banking industry, foster cooperation with governmental agencies, and study banking-related issues. It also provides a platform for discussing matters of common interest to its members. The organization, with a small workforce of two individuals, strives to promote better understanding within the American Bankers Association and the banking industry as a whole.


Official website here: www.nvbankers.org

Is Nevada Bankers Association legitimate?

Nevada Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Nevada 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: $196,402
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,556

For more financial information, click here


Official website here: www.nvbankers.org

What is the mission statement of Nevada Bankers Association?

The Nevada Bankers Association is committed to promoting the general welfare and usefulness of banks in the state. This includes advocating for the interests of the banking industry, fostering cooperation with governmental agencies, and providing a platform for discussing matters of common interest among its members. The association also aims to promote better understanding between itself and the American Bankers Association, and to study the challenges in the banking sector. Furthermore, it has the authority to engage in various legal activities to support the banking industry and promote its overall well-being.


Official website here: www.nvbankers.org

Who is the CEO of Nevada Bankers Association?

Phyllis Gurgevich is the Director of Nevada Bankers Association. The CEO's salary of Nevada Bankers Association is $196,402 and their total compensation is $196,402.


Official website here: www.nvbankers.org

What is the revenue of Nevada Bankers Association?

Nevada Bankers Association's revenue in 2022 was $671,596.


Official website here: www.nvbankers.org

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

The average compensation at Nevada Bankers Association during 2022 was $116,979. There are 2 employees at Nevada Bankers Association.


Here are 11 key members and their salaries (Nevada Bankers Association's CEO's salary is $196,402 and their total compensation is $196,402):


Brian Cook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Spencer Hafen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Welch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ivan Ferraz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phyllis A Gurgevich (Chief Executive Officer)
  • Compensation: $196,402
  • Related: $0
  • Other: $0
Ken Mundt (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce Smith (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bj North (Chairman Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Kirkland (Immediate Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
H Scott Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Navarro (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nvbankers.org

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

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


Official website here: www.nvbankers.org

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

Mission Statement of Nevada Bankers Association

The Nevada Bankers Association, as a non-profit organization, is committed to promoting the general welfare and usefulness of banks in Nevada. Its mission encompasses several key objectives. Firstly, it strives to advance the interests of the banking industry, fostering a conducive environment for banks and banking institutions to thrive. Secondly, it provides a platform for discussing matters of significance to its members, encouraging collaboration and cooperation within the industry.

In line with its mission, the Nevada Bankers Association also works towards fostering a positive relationship with federal, state, and other governmental agencies. This collaboration aims to enhance understanding between the association and relevant authorities, ultimately benefiting the banking industry as a whole. Moreover, the association seeks to promote better understanding of the challenges and solutions in the banking sector through research and study.

Furthermore, the Nevada Bankers Association holds the power to purchase, acquire, hold, use, sell, exchange, assign, convey, lease, dispose of, mortgage or hypothecate, or encumber real and personal property, as necessary to promote the general welfare of the industry. It is authorized to carry out all lawful acts and things that a non-profit corporation in Nevada is empowered to do. In summary, the Nevada Bankers Association's mission is to support and advocate for the banking industry in Nevada, fostering cooperation with governmental agencies and promoting research and understanding within the sector.

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Impact




October, 2024

The Nevada Bankers Association plays a crucial role in enhancing the banking landscape within the state. By promoting the general welfare and usefulness of banks and banking institutions, it creates a stronger financial ecosystem that supports economic growth and stability.

The association organizes annual conventions, meetings, and conferences, providing a vital forum for members to discuss pertinent issues and developments in the industry. This fosters collaboration and networking among banking professionals, ultimately enhancing the quality of services offered to consumers.

Moreover, the Nevada Bankers Association actively promotes cooperation between the banking industry and various governmental agencies, facilitating dialogue that can lead to better regulatory frameworks and policies. This relationship not only benefits its members but also ensures a more robust banking sector that can address the needs of the community effectively.

By advocating for the interests of the banking industry, the association contributes to a better understanding of challenges and opportunities within the sector. Through its initiatives, it encourages ongoing education and discussion, allowing member institutions to adapt to changing economic conditions and consumer demands.

Overall, the Nevada Bankers Association’s impact extends beyond its members; it plays a vital role in the economic well-being of Nevada by fostering a collaborative banking environment, enhancing regulatory relationships, and facilitating a deeper understanding of the banking industry's challenges and opportunities.




This information is meant to be a general summary of Nevada 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
$671,596 (2022)
Expenses
$538,200 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,013
  • Program Service Revenue: $537,134
  • Gross Receipts: $671,596

Assets and Liabilities:

  • Total Assets: $1,395,600
  • Total Liabilities: $298,607
  • Net Assets: $1,096,993

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Programs

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

MEMBERSHIP DUES AND AS

Revenue

$537,134

Organization Details

Founding Year

1966

Principal Officer

Phyllis Gurgevich

Main Address

1001 E SUNSET ROAD 96513, LAS VEGAS, NV, 89193

NTEE Category

Code: S41 - Community improvement

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