Totals
- Total revenue
- $2,864,046
- Total expenses
- $2,822,777
- Contributions and grants received
- $4,105
- Grants paid
- $1,000
- Program service revenue
- $2,854,329
- Investment income
- $5,612
- Other revenue
- $0
- Total assets, end of year
- $2,220,280
- Total liabilities, end of year
- $1,555,947
- Net assets or fund balances, end of year
- $664,333
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$4,105
-
2a · Program service revenue: Reimbursed Expenses
total $1,024,247 · related or exempt $1,024,247
-
2b · Program service revenue: Membership Dues and As
total $994,043 · related or exempt $994,043
-
2c · Program service revenue: Member Services
total $833,069 · related or exempt $833,069
-
2d · Program service revenue: Miscellaneous
total $2,970 · related or exempt $2,970
-
3 · Investment income
total $5,612 · excluded $5,612
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,000
-
5 · Compensation of officers, directors and key employees
total $801,571
-
7 · Other salaries and wages
total $775,195
-
8 · Pension plan contributions
total $39,197
-
9 · Other employee benefits
total $177,132
-
10 · Payroll taxes
total $100,417
-
11b · Fees: legal
total $55,351
-
11c · Fees: accounting
total $26,410
-
11g · Fees: other
total $34,973
-
12 · Advertising and promotion
total $23,793
-
13 · Office expenses
total $39,258
-
14 · Information technology
total $100,492
-
16 · Occupancy
total $124,459
-
17 · Travel
total $42,295
-
19 · Conferences, conventions and meetings
total $431,062
-
20 · Interest
total $1,458
-
22 · Depreciation, depletion and amortization
total $11,585
-
23 · Insurance
total $17,884
-
24a · Other expenses: Miscellaneous Expense
total $19,245
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $70,017 · end of year $102,722
-
2 · Savings and temporary cash investments
beginning of year $1,570,877 · end of year $1,511,573
-
4 · Accounts receivable
beginning of year $62,074 · end of year $32,397
-
9 · Prepaid expenses and deferred charges
beginning of year $33,224 · end of year $61,757
-
10a · Land, buildings and equipment: cost or other basis
$200,404
-
10b · Land, buildings and equipment: accumulated depreciation
$177,986
-
10c · Land, buildings and equipment, net
beginning of year $43,124 · end of year $22,418
-
12 · Investments: other securities
beginning of year $130,455 · end of year $183,156
-
14 · Intangible assets
beginning of year $0 · end of year $233,414
-
15 · Other assets
beginning of year $227,361 · end of year $72,843
-
17 · Accounts payable and accrued expenses
beginning of year $483,390 · end of year $445,659
-
19 · Deferred revenue
beginning of year $930,428 · end of year $787,302
-
24 · Unsecured notes and loans payable
beginning of year $31,207 · end of year $11,871
-
25 · Other liabilities
beginning of year $227,361 · end of year $311,115
-
27 · Net assets without donor restrictions
beginning of year $464,746 · end of year $664,333
Mission and programs · 2022
Mission
Maine Bankers Association provides advocacy, education, and resources to safeguard and advance the interests of our members. The Maine Bankers Association has served Maine's banking industry since 1893. The Association offers industry representation in legislative and regulatory matters at the state and federal level. It sponsors educational programs and forums for banks to exchange valuable industry information. The Association also sponsors insurance programs, provides regulatory and compliance assistance and facilitates media relations on behalf of member banks.
-
Major Conferences - Each year major conferences are presented by the Association. Each conference has a distinct audience. The attendance and length may vary. Participants are charged a fee to offset expenses.
-
Training Programs - Training sessions are presented throughout the year for all members. Sessions are usually one day and have a varying number of participants.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James J Roche
President
- Total calculated
- $382,147
- From this org
- $350,585
- From related orgs
- $0
- Other
- $31,562
- Hours/week
- 36.19 + 1.31 related
Schedule J breakdown matched by us
- Base
- $308,854
- Bonus
- $20,000
- Other
- $21,731
- Deferred
- $18,035
- Nontaxable benefits
- $13,527
- Filer's total
- $382,147
-
Marcia M Ferguson
SVP of Insurance
- Total calculated
- $217,848
- From this org
- $180,464
- From related orgs
- $0
- Other
- $37,384
- Hours/week
- 7.08 + 30.42 related
Schedule J breakdown matched by us
- Base
- $157,395
- Bonus
- $22,000
- Other
- $1,069
- Deferred
- $9,903
- Nontaxable benefits
- $27,481
- Filer's total
- $217,848
-
Marc P Owen
SVP & Treasurer
- Total calculated
- $201,576
- From this org
- $179,824
- From related orgs
- $0
- Other
- $21,752
- Hours/week
- 20.92 + 16.58 related
Schedule J breakdown matched by us
- Base
- $154,089
- Bonus
- $21,000
- Other
- $4,735
- Deferred
- $9,360
- Nontaxable benefits
- $12,392
- Filer's total
- $201,576
-
Blaine Boudreau
Chairman
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stephen deCastro
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Curtis C Simard
Immediate Past Chairman, Director
- Total calculated
- $0
- Hours/week
- 1
-
Robert Banaski
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence L Barker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael R Currie
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Cyr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anthony DiSotto
Director
- Total calculated
- $0
- Hours/week
- 1
-
Amelia Dow
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gregory A Dufour
Director
- Total calculated
- $0
- Hours/week
- 1
-
William O Hall III
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeanne Hulit
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Glenn L Hutchinson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Raymond T Kelley
Past Director
- Total calculated
- $0
- Hours/week
- 1
-
Neil Kiely
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tony C McKim
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robert Montgomery-Rice
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bradford C Paige
Director
- Total calculated
- $0
- Hours/week
- 1
-
Curtis Paterson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrew C Perry
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jon J Prescott
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robert C Quentin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Amanda Rand
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrew E Silsby
Director
- Total calculated
- $0
- Hours/week
- 1
-
Todd Starbird
Director
- Total calculated
- $0
- Hours/week
- 1
-
John S Swanberg
Past Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Timothy Thompson
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Daniel Thornton
Director
- Total calculated
- $0
- Hours/week
- 1
-
William Tracy
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Evlyn Tsimis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly Twitchell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Daniel Walsh
Director
- Total calculated
- $0
- Hours/week
- 1
-
William R Weir Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
William B Williamson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence L Wold
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Travel for companions
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Part I, Line 1b
- Maine Bankers Association will provide payment or reimbursement of necessary and reasonable expenses incurred by spouses or companions of elected officers and the President/CEO for attendance at meetings on behalf of the Association. Expenses should be reasonable, appropriate, and consistent with the business purpose rules of the IRS. Documentary evidence, such as receipts, must be provided to support any single expense item of $75 or more. Proper substantiation must be provided for entertainment expenses, including the names of those individuals entertained, affliations, dates, locations, and business purpose.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Maine Financial Institutions Employee Benefits Trust
501(c)(9) · Fund/Administer employee benefit plan · ME · controlled entity
Directly controlled by Maine Bankers Association
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Association Services Inc
C · Administration Services · ME · 100% owned · share of income $161,203 · share of assets $136,835 · controlled entity
Directly controlled by Maine Bankers Association
-
Community Banks Insurance Agency
C · Insurance Services · ME · 100% owned · share of income $168,536 · share of assets $113,427 · controlled entity
Directly controlled by Maine Bankers Association
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313109349300331
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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