Vermont Bankers Association Inc

Organization Overview

Vermont Bankers Association Inc is located in Montpelier, VT. The organization was established in 1945. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Vermont Bankers Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Bankers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 06/2024, Vermont Bankers Association Inc generated $465.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $452.2k during the year ending 06/2024. While expenses have increased by 1.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AN ENVIRONMENT WHICH FOSTERS A VIBRANT BANKING COMMUNITY, THUS SUPPORTING A PROSPEROUS VERMONT ECONOMY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONDUCTED EDUCATIONAL SEMINARS AND MEETINGS FOR MEMBERS' EMPLOYEES.


MONITORED LEGISLATIVE ACTIVITY OF INTEREST TO MEMBERS


PROVIDED ADMINISTRATIVE SUPPORT TO OTHER ORGANIZATIONS WHICH SUPPORT THE INTERESTS OF BANKING IN VERMONT.


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Board, Officers & Key Employees

Name (title)Compensation
Christopher D'elia
President
$184,490
June Hibbs Former
Corp Secretary
$65,690
Steve Kendall
2nd Vice Chair
$0
Dan Werme
Director
$0
James Brown
Director
$0
James Kisch
Past Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$443,703
Investment income $6,702
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $14,657
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $465,062

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