Community Bankers Association Of Illinois Inc
- Assets
- $6.6m
- Revenue
- $3.8m
- Investments
- $1.2m
- Employees
- 23
- Location
- Springfield, IL
- Founding
- 04/1976
- Data as of
- 06/2021
- EIN
- 37-0990447
Organization Overview
Community Bankers Association Of Illinois Inc is located in Springfield, IL. The organization was established in 1976. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Community Bankers Association Of Illinois Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Bankers Association Of Illinois 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 06/2021, Community Bankers Association Of Illinois Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE COMMUNITY BANKERS ASSOCIATION OF ILLINOIS IS TO PROVIDE ITS MEMBERS A COMPETITIVE EDGE BY EFFECTIVELY AGGREGATING POLITICAL, ECONOMIC, AND MARKETING POWER. THE CBAI IS DEDICATED TO KEEPING COMMUNITY BANKS COMPETITIVE FOR THE BENEFIT OF THEIR CUSTOMERS AND THE COMMUNITIES THEY SERVE THROUGH DELIVERY OF QUALITY EDUCATION, EFFECTIVE POLITICAL REPRESENTATION, AND ESSENTIAL PRODUCTS AND SERVICES. THE MISSION WILL BE PURSUED WITH INTEGRITY, EQUAL REPRESENTATION, PROFESSIONALISM, VISION, AND RESPONSIVENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION REPRESENTS THE STRENGTHS, VALUES AND CONTRIBUTIONS OF COMMUNITY BANKS IN ILLINOIS THROUGH PUBLICATIONS, MEETINGS, CONVENTIONS & OTHER ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kraig Lounsberry President | 37.5 | $333,158 | |
Jerry Cavanaugh General Counsel | 37.5 | $181,997 | |
Tracy Mcquinn Senior VP Of Education & S | 37.5 | $153,205 | |
David Schroeder VP Of Fed Governmental Rel | 37.5 | $151,158 | |
Lisa Lippert Controller | Officer | 37.5 | $150,567 |
Gerald Peck Senior VP Of Governmental | 37.5 | $124,857 |
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 | $3,209,306 |
| Investment income | $55,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $365,328 |
| Net Rental Income | $16,246 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,824,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,235,245 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $903,088 |
| Pension plan accruals and contributions | $103,600 |
| Other employee benefits | $237,963 |
| Payroll taxes | $142,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,267 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,147 |
| Advertising and promotion | $0 |
| Office expenses | $75,837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,410 |
| Travel | $32,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,305 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,708 |
| Insurance | $18,762 |
| All other expenses | $13,549 |
| Total functional expenses | $3,871,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,635,275 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,008 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $787,453 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $119,768 |
| Net Land, buildings, and equipment | $750,126 |
| Investments—publicly traded securities | $500 |
| Investments—other securities | $1,218,088 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,012 |
| Total assets | $6,623,230 |
| Accounts payable and accrued expenses | $463,788 |
| Grants payable | $0 |
| Deferred revenue | $1,322,810 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,786,598 |
| Net assets without donor restrictions | $4,836,632 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,623,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper County Sheltered Facilities Association Joplin, MO | $6,892,857 | $15,950,127 |
Community Ventures In Living Ltd Lafayette, IN | $4,082,681 | $10,075,457 |
Community Action Of Greater Indianapolis Inc Indianapolis, IN | $3,236,158 | $6,334,161 |
Northeast Missouri Community Action Agency Kirksville, MO | $5,382,186 | $5,648,075 |
Pulitzer Arts Foundation St Louis, MO | $117,606,800 | $4,950,340 |
Commercial Club Of Chicago Chicago, IL | $3,716,814 | $4,161,715 |
Community Bankers Association Of Illinois Inc Springfield, IL | $6,623,230 | $3,824,328 |
Kentucky Rural Water Association Bowling Green, KY | $3,114,673 | $3,332,074 |
Fifth Street Renaissance Springfield, IL | $4,994,855 | $3,310,939 |
Missouri Rural Water Association Ashland, MO | $4,721,594 | $3,401,611 |
Metropolitan Mayors Caucus Chicago, IL | $783,756 | $1,433,740 |
Community Care In Union County Inc Liberty, IN | $207,177 | $1,400,379 |