Community Bankers Of Michigan
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $15.0k
- Employees
- 6
- Location
- East Lansing, MI
- Founding
- 03/1978
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Community Bankers Of Michigan generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 6.4% per year over the past 7 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
2021
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 |
|---|---|---|---|
Michael J Tierney President/ceo | Officer | 40 | $232,800 |
Kelly Potes Secretary/treasurer | Officer | 1 | $0 |
Mishelle Comstock Chairman | Officer | 1 | $0 |
Michael Burke Immediate Past Chairman | Officer | 1 | $0 |
David C Williams Chairman Elect | Officer | 1 | $0 |
Kevin Collison Vice Chairman | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $608,550 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,309 |
| 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 | $685,859 |
| Total Program Service Revenue | $594,432 |
| Investment income | $4,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $84,605 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,453,064 |
| 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. | $232,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,746 |
| Payroll taxes | $28,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,336 |
| Fees for services: Accounting | $37,191 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,423 |
| Advertising and promotion | $33,305 |
| Office expenses | $88,754 |
| Information technology | $32,312 |
| Royalties | $0 |
| Occupancy | $65,903 |
| Travel | $30,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $282,562 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,145 |
| All other expenses | $2,158 |
| Total functional expenses | $1,163,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $777,893 |
| Savings and temporary cash investments | $67,102 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $408,188 |
| 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 | $1,273,976 |
| Accounts payable and accrued expenses | $10,973 |
| 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 | $10,973 |
| 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 | $1,263,003 |
| Total liabilities and net assets/fund balances | $1,273,976 |
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|---|---|---|
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Greater Dayton Area Hospital Assoc Dayton, OH | $5,189,718 | $9,300,133 |
Michigan Nurses Association Okemos, MI | $27,717,414 | $8,418,016 |
Michigan Dental Association Okemos, MI | $14,871,690 | $7,368,661 |
Michigan State Medical Society East Lansing, MI | $15,401,993 | $5,010,247 |
Ohio Nurses Association Hilliard, OH | $4,406,486 | $4,396,631 |
Indiana State Medical Association Indianapolis, IN | $22,274,244 | $4,315,865 |
Health Care Education And Training Inc Indianapolis, IN | $968,136 | $3,323,662 |
Columbus Medical Association Foundation Columbus, OH | $114,076,258 | $935,267 |
Ohio State Medical Association Dublin, OH | $8,799,720 | $5,500,872 |