Community Bankers Of Michigan
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $15.0k
- Employees
- 6
- Location
- East Lansing, MI
- Founding
- 03/1978
- Data as of
- 12/2023
- EIN
- 38-2182877
Organization Overview
Community Bankers Of Michigan is located in East Lansing, MI. The organization was established in 1978. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2023, Community Bankers Of Michigan employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Bankers Of Michigan 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 12/2023, Community Bankers Of Michigan generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 6.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE, PROMOTE AND ADVOCATE FOR COMMUNITY BANKS AS TRUSTED PROVIDERS OF FINANCIAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE, DEVELOP AND PROTECT THE COMMUNITY BANKING INDUSTRY THROUGHOUT THE DIVERSE COMMUNITIES OF MICHIGAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Ouellette Icba Federal Delegate | Trustee | 1 | $0 |
Shelly Brooks Director | Trustee | 1 | $0 |
Cortney Collison Director | Trustee | 1 | $0 |
Jae Evans Director | Trustee | 1 | $0 |
Robert Fisher Director | Trustee | 1 | $0 |
Mark Kolanowski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $478,220 |
| 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 | $478,220 |
| Total Program Service Revenue | $815,647 |
| Investment income | $27,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$24,845 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,397,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,363 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $300,900 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,165 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,478 |
| Payroll taxes | $42,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,585 |
| Fees for services: Accounting | $36,547 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,020 |
| Advertising and promotion | $375 |
| Office expenses | $69,405 |
| Information technology | $42,536 |
| Royalties | $0 |
| Occupancy | $65,006 |
| Travel | $36,922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $339,419 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,989 |
| All other expenses | $0 |
| Total functional expenses | $1,327,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,318 |
| Savings and temporary cash investments | $980,187 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $328,109 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,793 |
| Total assets | $1,422,407 |
| Accounts payable and accrued expenses | $11,270 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $11,270 |
| Net assets without donor restrictions | $0 |
| 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 | $1,411,137 |
| Total liabilities and net assets/fund balances | $1,422,407 |