Bank Compliance Association Of Ct is located in Farmington, CT. The organization was established in 1990. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. Bank Compliance Association Of CT 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 12/2021, Bank Compliance Association Of CT generated $19.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $10.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
HELD SEVEN EDUCATIONAL PROGRAMS WITH ATTENDANCE AVERAGING APPROXIMATELY 40 ATTENDEES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cheri L Bilodeau-Barton President | 10 | $0 | |
David A Larocque First Vp/vp, Member Experience | 0.5 | $0 | |
Jeffrey Siegel VP Legal Counsel/secretary | 1 | $0 | |
Thecla Kirby Vp, Membership | 0.3 | $0 | |
Robin Faircloth Treasurer | 5 | $0 | |
Bernadette Carver Avp, Education | 0.75 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $18,925 |
Membership dues | $400 |
Investment income | $32 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $19,357 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $1,300 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $9,053 |
Total expenses | $10,353 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $64,409 |
Other assets | $0 |
Total assets | $64,409 |
Total liabilities | $0 |
Net assets or fund balances | $64,409 |
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