Bank Compliance Association Of Ct
- Assets
- $78.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, CT
- Founding
- 01/1990
- Data as of
- 12/2022
- EIN
- 06-1257568
Organization Overview
Bank Compliance Association Of Ct is located in Farmington, CT. The organization was established in 1990. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. Bank Compliance Association Of CT 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 12/2022, Bank Compliance Association Of CT generated $36.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $22.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
HELD NINE EDUCATIONAL PROGRAMS WITH ATTENDANCE AVERAGING APPROXIMATELY 40 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheri L Bilodeau-Barton President | 9 | $0 | |
David A Larocque First Vp/vp, Member Experience | 1.5 | $0 | |
Jeffrey Siegel VP Legal Counsel/secretary | 1 | $0 | |
Robin Faircloth Treasurer | 5 | $0 | |
Thecla Kirby Vp, Membership | 0.3 | $0 | |
Bernadette Carver Avp, Education | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $30,365 |
| Membership dues | $5,620 |
| Investment income | $103 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $38 |
| Total Revenue | $36,126 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,123 |
| Total expenses | $22,423 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,112 |
| Other assets | $0 |
| Total assets | $78,112 |
| Total liabilities | $0 |
| Net assets or fund balances | $78,112 |