2018-06-05T14:39:09-05:00 2017-07-31 010494526 BAKER NEWMAN & NOYES 175 FEDERAL STREET SUITE 970 BOSTON MA 02110 990 2016-08-01 060550070 Connecticut Bankers Association CONN 8606775060 10 Waterside Drive Farmington CT 060323083 Thomas S Mongellow Executive VP & Treasurer 8606775060 2018-05-29 1 Nicholas E Porto P01310283 6175563900 2018-05-29 2016 2022-09-23 18:48:47Z Lindsey Pinkham 10 Waterside Drive Farmington CT 06032 2823822 0 X www.ctbank.com X 1899 CT The mission of the Connecticut Bankers Association is to represent the financial institutions in the State of Connecticut and to serve as the voice of its members in matters of their common interest. 16 15 6 15 45204 15740 8600 33925 2705429 2620601 6013 5701 137451 138313 2857493 2798540 5625 1755 0 0 1216451 1298162 0 0 0 1384138 1391643 2606214 2691560 251279 106980 3670303 3483010 4509337 3487701 -839034 -4691 X The mission of the Connecticut Bankers Association is to represent the financial institutions in the State of Connecticut and to serve as the voice of its members in matters of their common interest.The Connecticut Bankers Association shall support and promote legislative and regulatory actions at the state and federal level that benefit the general welfare of its member institutions, the banking industry and the people of the State of Connecticut.The Connecticut Bankers Association shall encourage and facilitate the interchange of information and ideas among its members. The Association shall serve the collective needs of its members through development of educational programs and providing cost-effective services 0 0 Lobbying of legislators regarding banking laws, conventions, bank compliance symposiums, and FDIC workshops for the benefit of its members. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 22 0 1 6 1 1 1 0 0 0 0 0 X 16 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X Thomas S Mongellow 8606775060 10 Waterside Drive Farmington CT 060323083 Rheo Brouillard Director 1.00 0.00 X 0 0 0 Nicholas Caplanson Director 1.00 0.00 X 0 0 0 Maureen Frank Director 1.00 0.00 X 0 0 0 Reyno Giallongo Director 1.00 0.00 X 0 0 0 Chandler J Howard Director 1.00 0.00 X 0 0 0 Jeffrey Hubbard Director 1.00 0.00 X 0 0 0 Robert Kettenmann Director 1.00 0.00 X 0 0 0 Michael LaBella Director 1.00 0.00 X 0 0 0 Cynthia Merkle Director 1.00 0.00 X 0 0 0 Joseph Savage Director 1.00 0.00 X 0 0 0 Thomas Villanova Director 1.00 0.00 X 0 0 0 B Michael Rauh Chairman 1.00 0.00 X X 0 0 0 Michael J Casparino First Vice Chairman 1.00 0.00 X X 0 0 0 Stephen L Lewis Second Vice Chairman 1.00 0.00 X X 0 0 0 Richard J Cantele Jr Past Chairman 1.00 0.00 X X 0 0 0 Lindsey R Pinkham President & CEO 40.00 1.00 X X 299127 0 7211 Thomas S Mongellow Executive VP/Treasurer 40.00 1.00 X 193206 0 3385 Colleen E Clancy First Senior VP/Secretary 40.00 1.00 X 176573 0 276 668906 0 10872 3 0 1 0 Hinckley Allen & Snyder LLP 20 Church Street 18 Hartford CT 06103 Legal Services 257904 Marriott Business Services PO Box 402642 Atlanta GA 30384 Hospitality Services 148645 Radisson Hotel Cromwell 100 Berlin Road Cromwell CT 06416 Hospitality Services 128047 Gaffney Bennett & Associates Inc One Liberty Square New Britain CT 06051 Legislative Services 120318 4 8175 25750 33925 Membership Dues and As 541900 1486323 1486323 Conferences and Worksh 611710 1134278 1134278 2620601 5701 5701 85500 85500 32891 8175 25282 7609 7609 Endorsement Income 541800 37003 37003 Advertising Income 541800 8201 8201 45204 2798540 2620601 45204 98810 1755 678113 178906 274529 114995 51619 41027 26512 383930 3110 77929 15299 89885 31624 185207 18373 15151 Training and Education 468544 Other Programs 32949 Taxes and Fees 2103 2691560 71793 57770 2231285 2114621 63426 33506 57216 38055 221754 159590 74249 62164 30320 34880 112186 112186 1029828 1029828 3670303 3483010 335063 349063 1127303 1098543 3046971 2040095 4509337 3487701 X -839034 -4691 -839034 -4691 3670303 3483010 X 106980 4560 722803 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1405492 491922 491922 491922 221754 159590 62164 62164 Security Deposit 8705 CSV Life Insurance 1020866 Collectibles 257 1029828 Post-retirement Medical Benefits Plan 923594 Accrued Defined Benefit Pension Plan 1116501 2040095 X 2828382 4560 25282 29842 2798540 0 2798540 2716842 25282 25282 2691560 0 2691560 Part X, Line 2: The Association is a tax-exempt organization under 501(c)(6) of the Internal Revenue Code and is generally exempt from income taxes. Accounting principles generally accepted in the United States of America require Association management to evaluate tax positions taken by the Association and recognize a tax liability if the organization has taken an uncertain position that more likely than not would be sustained upon examination by the Internal Revenue Service. The Association is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Part XI, Line 2d - Other Adjustments: Event Expenses 25,282. Part XII, Line 2d - Other Adjustments: Event Expenses 25,282. Golf Tournament 41066 8175 32891 2325 10744 11762 451 41066 8175 32891 2325 10744 11762 451 25282 7609 X 1 1 X X X X 0 0 0 Lindsey R Pinkham President & CEO 265829 0 25000 0 8298 0 0 0 7211 0 306338 0 0 0 Thomas S Mongellow Executive VP/Treasurer 166505 0 23000 0 3701 0 0 0 3385 0 196591 0 0 0 Colleen E Clancy First Senior VP/Secretary 152380 0 23000 0 1193 0 0 0 276 0 176849 0 0 0 Part I, Line 1a Connecticut Bankers Association provides spousal travel benefits for certain officers. These benefits are treated as taxable compensation and reported in the officers' W-2. The following individuals listed in Part VII, Section A of Form 990 received these benefits: Colleen Clancy - $917 Thomas Mongellow - $316 Lindsey Pinkham - $1,087 Form 990, Part VI, Section A, line 6 The Organization has four classes of membership in the Association (1) Regular Member, (2) Financial Services Industry Member, (3) Trust Company Member and (4) Associate Member. Form 990, Part VI, Section A, line 7a The Executive Committee is the governing body of the Association. The voting members of the Executive Committee include its Chairman, First Vice Chairman, Second Vice Chairman, Immediate Past Chairman, President & CEO, the Co-Chairmen of the legislative Committee, and nine at-large members. All members of the Executive Committee are elected by the full membership. The nine at-large members are elected for staggered three year terms with three at-large members being elected each year. The remaining positions are elected for one year terms. Form 990, Part VI, Section A, line 7b Each regular member, whether on the governing body or not, has the right to vote on each matter submitted to the members for action, the right to hold office, and the right to be represented on the various committees of the Association. Typically, Members only vote in the rare instances of significant governance decisions or a Board decision in deadlock. Form 990, Part VI, Section B, line 11b The Form 990, prepared by an independent public accounting firm, is reviewed by the Executive Vide President and Treasurer of the Connecticut Bankers Association. The complete Form 990 is presented to the Executive Committee for review and discussion prior to submission to the Internal Revenue Service. Form 990, Part VI, Section B, line 12c A written conflict of interest policy is maintained and reviewed by the officers. Form 990, Part VI, Section B, line 15 The Association has a Salary Committee made up of the four officers from the Executive Committee that reviews an independent compensation survey for the Organization. The Salary Committee also reviews the CEO's goals, meets with the CEO regarding performance, and then holds an executive session to make final recommendations. Once the review is complete, the Salary Committee's salary recommendation is presented to the entire board during the annual budget meeting and voted upon. Form 990, Part VI, Section C, line 19 Policies are available upon request. Form 990, Part XI, line 9: Decrease in unfunded pension expense under FAS 158 684,488. Increase in unfunded post-retirement benefits under FAS 158 -23,869. Other changes in unfunded post-retirement benefits 62,184. Form 990, Part XII, Line 2c: Oversight of Audit The Organization has an audit committee that performs general oversight of the audit process. The audit process has not changed from the prior year. Connecticut Bankers Foundation Inc 10 Waterside Drive Farmington CT 060323083 270287954 Support the banking industry CT 501(c)(3) PF Connecticut Bankers Association 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0