Maryland Bankers Association Inc
- Assets
- $2.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Annapolis, MD
- Founding
- 11/1989
- Data as of
- 06/2022
- EIN
- 52-1545256
Organization Overview
Maryland Bankers Association Inc is located in Annapolis, MD. The organization was established in 1989. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Maryland Bankers Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland 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 06/2022, Maryland Bankers Association Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE STRENGTH AND SUCCESS OF MARYLAND BANKS AND BANKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE PART IX "STATEMENT OF FUNCTIONAL EXPENSES" TITLES OF PROGRAMS PROVIDED FOR THE BENEFIT OF STATEWIDE MEMBER BANKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Goetz Jr Second Past Chairman | OfficerTrustee | 2 | $0 |
William J Pasenelli Past Chairman | OfficerTrustee | 2 | $0 |
Kevin B Cashen Chairman | OfficerTrustee | 2 | $0 |
Anne M Balcer Director | Trustee | 2 | $0 |
Lloyd L Beatty Jr Director | Trustee | 2 | $0 |
Matt Calhoun Director | Trustee | 2 | $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 | $2,090,315 |
| Investment income | $10,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $27,204 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,159,601 |
| 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. | $594,751 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,034 |
| Pension plan accruals and contributions | $6,242 |
| Other employee benefits | $21,343 |
| Payroll taxes | $51,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,100 |
| Fees for services: Accounting | $27,515 |
| Fees for services: Lobbying | $126,533 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,930 |
| Fees for services: Other | $155,327 |
| Advertising and promotion | $105,211 |
| Office expenses | $17,408 |
| Information technology | $61,163 |
| Royalties | $0 |
| Occupancy | $62,469 |
| Travel | $2,051 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $231,867 |
| Interest | $42,828 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,193 |
| Insurance | $9,169 |
| All other expenses | $130,171 |
| Total functional expenses | $2,410,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $872,885 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,093 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $59,334 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $51,788 |
| Net Land, buildings, and equipment | $1,024,247 |
| Investments—publicly traded securities | $489,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,268 |
| Total assets | $2,696,067 |
| Accounts payable and accrued expenses | $353,428 |
| Grants payable | $0 |
| Deferred revenue | $718,290 |
| 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 | $1,388,005 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,250 |
| Total liabilities | $2,507,973 |
| Net assets without donor restrictions | $188,094 |
| 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 | $2,696,067 |