Nonprofit · EIN 06-0550070
CONNECTICUT BANKERS ASSOCIATION
Tax-exempt · FARMINGTON, CT 06032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $3,471,368 | $4,049,823 | -$578,455 | $13,391,563 | $2,220,768 | $11,170,795 |
| July 31, 2024 | 990 | $4,012,155 | $3,478,435 | $533,720 | $13,268,589 | $2,192,487 | $11,076,102 |
| July 31, 2023 | 990 | $11,673,382 | $3,043,651 | $8,629,731 | $12,856,526 | $2,184,557 | $10,671,969 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $230,887
- of which government grants
- $186,887
- Program service revenue
- $2,622,465
- Investment income
- $470,325
- Royalties
- $26,348
- Net income from fundraising events
- -$12,982
- Other revenue
- $147,691
Expenses
- Grants and similar amounts paid
- $8,026
- Compensation of officers, directors and key employees
- $1,200,120
- Other salaries and wages
- $387,571
- Salaries, compensation and benefits (total)
- $1,986,659
- Professional fundraising fees
- $0
- Legal fees
- $45,367
- Accounting fees
- $57,863
- Occupancy
- $92,246
- Travel
- $30,931
- Depreciation
- $15,065
Balance sheet and other
- Total assets, start of year
- $13,268,589
- Total assets, end of year
- $13,391,563
- Total liabilities, end of year
- $2,220,768
- Net assets, end of year
- $11,170,795
- Land, buildings and equipment
- $46,289
- Publicly traded securities
- $10,635,946
- Net assets without donor restrictions
- $11,170,795
- Gross unrelated business income
- $106,182
- Gross receipts
- $3,549,878
- Employees
- 11
- Volunteers
- 12
- Year formed
- 1899
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Thomas S Mongellow | President & CEO Trustee or director, Officer | 40 | $404,814 | $41,058 |
| Arthur Corey | SVP, General Counsel, Secretary Officer | 40 | $257,372 | $37,678 |
| Mark Barry | VP, COO, Treasurer Officer | 40 | $224,802 | $36,895 |
| Kimberly Tuttle | VP, Director of Education Officer | 40 | $163,203 | $34,298 |
| Michael Alberts | Director (start 12/2024) Trustee or director | 1 | $0 | $0 |
| David W Glidden | Director (end 12/2024) Trustee or director | 1 | $0 | $0 |
| George Hermann | Director Trustee or director | 1 | $0 | $0 |
| Anthony Joyce | Director Trustee or director | 1 | $0 | $0 |
| Andreas Kapetanopoulos | Director Trustee or director | 1 | $0 | $0 |
| Michael Alberts | Director (start 12/2024) Trustee or director | 1 | $0 | $0 |
| Christopher Motl | Director Trustee or director | 1 | $0 | $0 |
| Lesa Vanotti | Director Trustee or director | 1 | $0 | $0 |
| David A Schneider | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Martin G Morgado | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Frank J Gaudio | Immediate Past Chair Trustee or director, Officer | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Timothy P Geelan | Immediate Past Chair (end 12/2024) Trustee or director, Officer | 1 | $0 |
990 for the year ended July 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Thomas S Mongellow | President & CEO Trustee or director, Officer | 40 | $377,087 | $38,505 |
| Arthur Corey | SVP, General Counsel, Secretary Officer | 40 | $236,728 | $52,977 |
| Kimberly Tuttle | VP, Director of Education Highest-paid employee | 40 | $142,881 | $41,940 |
| Mark Barry | COO/Treasurer Officer | 40 | $57,132 | $2,724 |
| David W Glidden | Director Trustee or director | 1 | $0 | $0 |
| Lisa H Griffin | Director (end 9/2023) Trustee or director | 1 | $0 | $0 |
| George Hermann | Director Trustee or director | 1 | $0 | $0 |
| Anthony Joyce | Director Trustee or director | 1 | $0 | $0 |
| Andreas Kapetanopoulos | Director (start 10/2023) Trustee or director | 1 | $0 | $0 |
| Kent S McClun | Director (end 9/2023) Trustee or director | 1 | $0 | $0 |
| Martin G Morgado | Director Trustee or director | 1 | $0 | $0 |
| Christopher Motl | Director (start 10/2023) Trustee or director | 1 | $0 | $0 |
| Lesa Vanotti | Director Trustee or director | 1 | $0 | $0 |
| Michael J LaBella | Past Chair (end 9/2023) Trustee or director, Officer | 1 | $0 | $0 |
| Timothy P Geelan | Chair; Past Chair (start 10/2023) Trustee or director, Officer | 1 | $0 | $0 |
| Frank J Gaudio | Vice Chair; Chair (start 10/2023) Trustee or director, Officer | 1 | $0 | $0 |
| David A Schneider | Vice Chair (start 10/2023) Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended July 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Thomas S Mongellow | President & CEO/Treasurer Trustee or director, Officer | 40 | $343,005 | $27,178 |
| Arthur T Corey | VP, General Counsel Highest-paid employee | 40 | $221,341 | $44,255 |
| Kimberly Tuttle | AVP, Director of Education Highest-paid employee | 40 | $133,614 | $23,811 |
| Steven T Cornell | Director (end 9/2022) Trustee or director | 1 | $0 | $0 |
| Maureen A Frank | Director (end 9/2022) Trustee or director | 1 | $0 | $0 |
| David W Glidden | Director Trustee or director | 1 | $0 | $0 |
| Lisa H Griffin | Director Trustee or director | 1 | $0 | $0 |
| George Hermann | Director (start 1/2023) Trustee or director | 1 | $0 | $0 |
| Anthony Joyce | Director (start 1/2023) Trustee or director | 1 | $0 | $0 |
| Kent S McClun | Director Trustee or director | 1 | $0 | $0 |
| Martin G Morgado | Director Trustee or director | 1 | $0 | $0 |
| Lesa Vanotti | Director (start 1/2023) Trustee or director | 1 | $0 | $0 |
| Cynthia Merkle | Past Chair (end 9/2022) Trustee or director, Officer | 1 | $0 | $0 |
| Michael J LaBella | Past Chair Trustee or director, Officer | 1 | $0 | $0 |
| Timothy P Geelan | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Frank J Gaudio | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10 WATERSIDE DR, FARMINGTON, CT 06032-3056
- Principal officer (990 for 2024)
- Thomas S Mongellow, 10 Waterside Drive, Farmington, CT 060323083
- Signed the 990
- Mark Barry, SVP, COO, Treasurer
- Phone
- (860) 677-5060
- Website
- www.ctbank.com
- Return prepared by
- BAKER NEWMAN & NOYES
Mission
The mission of the Connecticut Bankers Association is to represent the financial institutions in the State of Connecticut and serves 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, Inc. 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
Program accomplishments
- Lobbying of legislators regarding banking laws, conventions, bank compliance symposiums, and FDIC workshops for the benefit of its members.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 06-0550070
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $13,391,563
- Income (IRS master file)
- $3,549,878
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $3,471,368 | $4,049,823 | $13,391,563 | XML |
| 990 | July 2024 | $4,012,155 | $3,478,435 | $13,268,589 | XML |
| 990 | July 2023 | $11,673,382 | $3,043,651 | $12,856,526 | XML |
| 990 | July 2022 | $2,857,463 | $2,670,465 | $4,193,357 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-0550070).
Questions about CONNECTICUT BANKERS ASSOCIATION
- What is the EIN of CONNECTICUT BANKERS ASSOCIATION?
- The employer identification number (EIN) of CONNECTICUT BANKERS ASSOCIATION is 06-0550070.
- Is CONNECTICUT BANKERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1945.
- Are donations to CONNECTICUT BANKERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CONNECTICUT BANKERS ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CONNECTICUT BANKERS ASSOCIATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CONNECTICUT BANKERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of CONNECTICUT BANKERS ASSOCIATION?
- The 990 for the year ended July 31, 2025 names Thomas S Mongellow.
- Who are the officers and directors of CONNECTICUT BANKERS ASSOCIATION?
- The 990 for the year ended July 31, 2025 lists 16 people; 4 received compensation from the organization, the highest $404,814 (Thomas S Mongellow, President & CEO).
- How much revenue does CONNECTICUT BANKERS ASSOCIATION have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $3,471,368, expenses of $4,049,823 and total assets of $13,391,563 at year end.
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