Nonprofit · EIN 22-1152260
NEW JERSEY BANKERS ASSOCIATION
Tax-exempt · CRANFORD, NJ 07016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,077,487 | $4,092,215 | -$14,728 | $6,136,299 | $1,014,187 | $5,122,112 |
| June 30, 2024 | 990 | $4,176,430 | $3,942,063 | $234,367 | $6,122,030 | $993,190 | $5,128,840 |
| June 30, 2023 | 990 | $4,273,484 | $3,950,553 | $322,931 | $5,887,095 | $992,622 | $4,894,473 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,243,428
- Investment income
- $210,782
- Royalties
- $185,653
- Net rental income
- $32,400
- Other revenue
- $623,277
Expenses
- Grants and similar amounts paid
- $348,895
- Compensation of officers, directors and key employees
- $803,658
- Other salaries and wages
- $890,564
- Salaries, compensation and benefits (total)
- $1,984,074
- Professional fundraising fees
- $0
- Legal fees
- $14,055
- Accounting fees
- $181,228
- Occupancy
- $167,255
- Travel
- $7,469
- Depreciation
- $51,185
Balance sheet and other
- Total assets, start of year
- $6,122,030
- Total assets, end of year
- $6,136,299
- Total liabilities, end of year
- $1,014,187
- Net assets, end of year
- $5,122,112
- Land, buildings and equipment
- $60,193
- Net assets without donor restrictions
- $5,122,112
- Gross unrelated business income
- $91,315
- Gross receipts
- $4,077,487
- Employees
- 10
- Volunteers
- 25
- Year formed
- 1908
- State of legal domicile
- NJ
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL AFFUSO | PRESIDENT/CEO Officer | 35 | $498,740 | $47,146 |
| JENNIFER ZORN | VP/EDUC/DIR BUS DEVELOPMENT Officer | 35 | $207,419 | $31,369 |
| BRITTANY WHEELER | VP/Director of GovT AffaIRS Highest-paid employee | 35 | $186,084 | $26,648 |
| JOHN MANGINI | VP/DIRECTOR OF MARKETING & COM Highest-paid employee | 35 | $152,411 | $25,496 |
| EDWARD YAKELY | VP of Finance Highest-paid employee | 35 | $140,934 | $26,185 |
| JESSICA JAKOBSON | VP OF PROF. DEVELOPMENT Highest-paid employee | 35 | $130,257 | $13,541 |
| Andrea Ganzman | Dir/Digital Mktg & Creative Highest-paid employee | 35 | $102,214 | $9,488 |
| Patrick L Ryan | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| Craig L Montanaro | FIRST VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| Elizabeth Magennis | SECOND VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| Steven M Klein | IMMEDIATE FORMER CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| Christopher D Maher | FORMER CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| John M Bonhomme | Member Trustee or director | 1 | $0 | $0 |
| John Borelli Jr | MEMBER Trustee or director | 1 | $0 | $0 |
| Matthew Carcich | MEMBER Trustee or director | 1 | $0 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John V DeSclafani | MEMBER Trustee or director | 1 | $0 |
| Edward Dietzler | MEMBER Trustee or director | 1 | $0 |
| Catherine D Franzoni | MEMBER Trustee or director | 1 | $0 |
| Jorge S Gomes Esq | MEMBER Trustee or director | 1 | $0 |
| James A Hughes | MEMBER Trustee or director | 1 | $0 |
| Thomas J Kemly | MEMBER Trustee or director | 1 | $0 |
| Anthony Labozzetta | MEMBER Trustee or director | 1 | $0 |
| Kevin M Lenihan | MEMBER Trustee or director | 1 | $0 |
| Martin P Melilli | MEMBER Trustee or director | 1 | $0 |
| Donald Mindiak | MEMBER Trustee or director | 1 | $0 |
| James D Nesci | MEMBER Trustee or director | 1 | $0 |
| Kevin B Peterson | MEMBER Trustee or director | 1 | $0 |
| Jane E Rey | MEMBER Trustee or director | 1 | $0 |
| Robert Rey | MEMBER Trustee or director | 1 | $0 |
| Ira Robbins | MEMBER Trustee or director | 1 | $0 |
| Michael A Shriner | MEMBER Trustee or director | 1 | $0 |
| Kenneth R Totten | MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL AFFUSO | PRESIDENT/CEO Officer | 35 | $417,627 | $38,673 |
| JENNIFER ZORN | VP/EDUC/DIR BUS DEVELOPMENT Officer | 35 | $212,931 | $27,907 |
| JOHN MANGINI | VP/DIRECTOR OF MARKETING & COM Highest-paid employee | 35 | $157,475 | $22,339 |
| BRITTANY WHEELER | VP/Director of GovT AffaIRS Highest-paid employee | 35 | $169,687 | $9,625 |
| JESSICA JAKOBSON | VP OF PROF. DEVELOPMENT Highest-paid employee | 35 | $134,385 | $24,996 |
| EDWARD YAKELY | VP of Finance Highest-paid employee | 35 | $105,111 | $14,020 |
| STEVEN M KLEIN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| Patrick L Ryan | FIRST VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| Craig L Montanaro | SECOND VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| Christopher D Maher | IMMEDIATE FORMER CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| John S Fitzgerald | FORMER CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| Thomas J Kemly | Member Trustee or director | 1 | $0 | $0 |
| John M Bonhomme | MEMBER Trustee or director | 1 | $0 | $0 |
| Daniel Cuneo | MEMBER (THRU 11/29/2023) Trustee or director | 1 | $0 | $0 |
| Nicholas A Frungillo Jr | MEMBER (THRU 11/16/2023) Trustee or director | 1 | $0 | $0 |
| Effie Gikas | MEMBER Trustee or director | 1 | $0 | $0 |
| Jorge S Gomes Esq | MEMBER Trustee or director | 1 | $0 | $0 |
| James A Hughes | MEMBER Trustee or director | 1 | $0 | $0 |
| Anthony Labozzetta | MEMBER Trustee or director | 1 | $0 | $0 |
| Kevin M Lenihan | MEMBER Trustee or director | 1 | $0 | $0 |
| Elizabeth Magennis | MEMBER Trustee or director | 1 | $0 | $0 |
| Martin P Melilli | MEMBER Trustee or director | 1 | $0 | $0 |
| James D Nesci | MEMBER Trustee or director | 1 | $0 | $0 |
| Kevin B Peterson | MEMBER Trustee or director | 1 | $0 | $0 |
| Jane E Rey | MEMBER Trustee or director | 1 | $0 | $0 |
| Robert Rey | MEMBER Trustee or director | 1 | $0 | $0 |
| Ira Robbins | MEMBER Trustee or director | 1 | $0 | $0 |
| William P Taylor | MEMBER Trustee or director | 1 | $0 | $0 |
| Kenneth R Totten | MEMBER Trustee or director | 1 | $0 | $0 |
| Ferdinand R Viaud | MEMBER Trustee or director | 1 | $0 | $0 |
| James H Wainwright | MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL AFFUSO | PRESIDENT/CEO Officer | 35 | $350,932 | $40,740 |
| JOHN E MCWEENEY JR | PRESIDEN/CEO (THRU 6/30/22) Officer | 35 | $301,279 | $54,245 |
| JENNIFER ZORN | VP/EDUC/DIR BUS DEVELOPMENT Officer | 35 | $198,165 | $30,385 |
| JOHN MANGINI | VP/DIRECTOR OF MARKETING & COM Highest-paid employee | 35 | $135,139 | $22,567 |
| JESSICA JAKOBSON | VP OF PROF. DEVELOPMENT Highest-paid employee | 35 | $118,570 | $23,776 |
| WENDY MANDELBAUM | CONTROLLER Highest-paid employee | 35 | $100,025 | $21,862 |
| CHRISTOPHER MAHER | CHAIRMAN (UNTIL 5/17/2023) Trustee or director, Officer | 1 | $0 | $0 |
| STEVEN KLEIN | FIRST VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS SHARA | FORMER CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS KEMLY | FORMER CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
| ROBERT CURLEY III | MEMBER (THRU 5/17/23) Trustee or director | 1 | $0 | $0 |
| JOANNA DICIURCIO | MEMBER (THRU 5/17/23) Trustee or director | 1 | $0 | $0 |
| EFFIE GIKAS | MEMBER Trustee or director | 1 | $0 | $0 |
| JORGE A GOMES | MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES A HUGHES | MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN M LENIHAN | MEMBER Trustee or director | 1 | $0 | $0 |
| JANE E REY | MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICK RYAN | SECOND VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM P TAYLOR | MEMBER Trustee or director | 1 | $0 | $0 |
| FERDINAND R VIAUD | MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES H WAINWRIGHT | MEMBER Trustee or director | 1 | $0 | $0 |
| IRA ROBBINS | MEMBER Trustee or director | 1 | $0 | $0 |
| NICHOLAS A FRUNGILLO JR | MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT REY | MEMBER Trustee or director | 1 | $0 | $0 |
| DANIEL CUNEO | MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN B PETERSON | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN FITZGERALD | IMMEDIATE FORMER CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOHN BONHOMME | MEMBER (STARTING 5/17/23) Trustee or director | 1 | $0 | $0 |
| ANTHONY LABOZZETTA | MEMBER (STARTING 5/17/23) Trustee or director | 1 | $0 | $0 |
| ELIZABETH MAGENNIS | MEMBER (STARTING 5/17/23) Trustee or director | 1 | $0 | $0 |
| MARTIN MELILLI | MEMBER (STARTING 5/17/23) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 411 N AVE EAST, CRANFORD, NJ 07016-2494
- In care of
- % MICHAEL AFFUSO
- Principal officer (990 for 2024)
- MICHAEL AFFUSO, 411 North Avenue East, Cranford, NJ 07016
- Signed the 990
- MICHAEL AFFUSO, PRESIDENT & CEO
- Phone
- (908) 272-8500
- Website
- WWW.NJBANKERS.COM
- Return prepared by
- WITHUMSMITHBROWNPC
Mission
THE NEW JERSEY BANKERS ASSOCIATION IS AN ADVOCATE FOR THE NEW JERSEY BANKING INDUSTRY. ITS PRIMARY MISSION IS TO REPRESENT ITS MEMBERSHIPS' INTERESTS BEFORE STATE AND FEDERAL GOVERNMENT AND REGULATORY AUTHORITIES. IN ADDITION, NJ BANKERS PROVIDES ITS MEMBERS WITH SERVICES AND SUPPORT IN PUBLIC AND MEDIA RELATIONS, EDUCATION AND EMPLOYEE HEALTH INSURANCE BENEFIT PROGRAMS AND IN MEETING COMMUNITY REINVESTMENT ACT REGULATIONS.
Program accomplishments
- ANNUAL CONVENTION: EDUCATION FOR SENIOR MANAGEMENT IN THE BANKING INDUSTRY AND ANNUAL MEETING TO PROVIDE INFORMATION AND COORDINATE ACTIVITIES AFFECTING MEMBER ASSOCIATIONS.
- SENIOR MANAGEMENT CONFERENCE: EDUCATION FOR SENIOR MANAGEMENT IN THE BANKING INDUSTRY.
- DIRECTORS & OFFICERS CONFERENCE: EDUCATION FOR SENIOR MANAGEMENT IN THE BANKING INDUSTRY.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-1152260
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,136,299
- Income (IRS master file)
- $4,077,487
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,077,487 | $4,092,215 | $6,136,299 | XML |
| 990 | June 2024 | $4,176,430 | $3,942,063 | $6,122,030 | IRS |
| 990 | June 2023 | $4,273,484 | $3,950,553 | $5,887,095 | XML |
| 990 | June 2022 | $4,072,636 | $3,967,057 | $5,053,875 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 22-1152260).
Questions about NEW JERSEY BANKERS ASSOCIATION
- What is the EIN of NEW JERSEY BANKERS ASSOCIATION?
- The employer identification number (EIN) of NEW JERSEY BANKERS ASSOCIATION is 22-1152260.
- Is NEW JERSEY BANKERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1942.
- Are donations to NEW JERSEY BANKERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW JERSEY 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 NEW JERSEY BANKERS ASSOCIATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW JERSEY BANKERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW JERSEY BANKERS ASSOCIATION?
- The 990 for the year ended June 30, 2025 names MICHAEL AFFUSO.
- Who are the officers and directors of NEW JERSEY BANKERS ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 32 people; 7 received compensation from the organization, the highest $498,740 (MICHAEL AFFUSO, PRESIDENT/CEO).
- How much revenue does NEW JERSEY BANKERS ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,077,487, expenses of $4,092,215 and total assets of $6,136,299 at year end.
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