Nonprofit · EIN 22-6058397
NEW JERSEY BANKERS ASSOCIATION EMPLOYEE BENEFIT TRUST
Tax-exempt · CRANFORD, NJ 07016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $161,757 | $213,791 | -$52,034 | $968,318 | $527,260 | $441,058 |
| June 30, 2024 | 990 | $178,173 | $320,429 | -$142,256 | $872,664 | $379,572 | $493,092 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $159,672
- Investment income
- $2,085
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $780
- Accounting fees
- $42,903
Balance sheet and other
- Total assets, start of year
- $872,664
- Total assets, end of year
- $968,318
- Total liabilities, end of year
- $527,260
- Net assets, end of year
- $441,058
- Net assets without donor restrictions
- $441,058
- Gross receipts
- $161,757
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1946
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL AFFUSO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $498,740 | $47,146 |
| JORGE GOMES | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NICHOLAS LORUSSO | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Brian W Jones | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANTHONEY DESALLE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| David Hanrahan | TRUSTEE (Term 11/2024) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Dana DePace | TRUSTEE (term 11/2024) Trustee or director | 1 | $0 | $0 | $0 |
| Ryan Blake | TRUSTEE (Term 11/2024) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW COONEY | PRESIDENT/CEO BCG Trustee or director, Officer | 1 | $0 | $259,378 | $34,886 |
| MARY PAT BOUTMY | VICE PRESIDENT/SECRETARY BCG Trustee or director, Officer | 1 | $0 | $130,885 | $5,096 |
| JORGE S GOMES ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL AFFUSO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICHOLAS LORUSSO | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Brian W Jones | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAVID HANRAHAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DANA DEPACE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANTHONEY DESALLE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| RYAN BLAKE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CRAIG MONTANARO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 411 N AVENUE EAST, CRANFORD, NJ 07016-2494
- In care of
- % TERRY JOLLEY AGENCY SERVICE
- Principal officer (990 for 2024)
- MATTHEW COONEY, 411 N Avenue East, Cranford, NJ 07016
- Signed the 990
- MATTHEW COONEY, PRESIDENT & CEO
- Phone
- (908) 395-7080
- Return prepared by
- WithumSmithBrown PC
Mission
TO PROVIDE LIFE, HEALTH, DENTAL, DISABILITY AND OTHER WELFARE BENEFITS TO MEMBERS' EMPLOYEES AND DEPENDENTS THROUGH GROUP INSURANCE CONTRACTS.
Program accomplishments
- New Jersey Bankers Association Employee Benefits Trust ("EBT") acts as the recipient for all insurance premiums paid in connection with the various group insurance contracts for employees of participating New Jersey Bankers Association ("Association") members. Until such time as premiums is remitted to the respective insurance carriers, they may be invested, and income may be earned for EBT. EBT also provides assistance to participating employer members in complying with the Consolidated Omnibus Budget Reconciliation Act by providing continuous coverage for eligible participants. Premiums are received from the participants and disbursed to the respective insurance carriers.
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
- 22-6058397
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $968,318
- Income (IRS master file)
- $161,757
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $161,757 | $213,791 | $968,318 | IRS |
| 990 | June 2024 | $178,173 | $320,429 | $872,664 | 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 22-6058397).
Questions about NEW JERSEY BANKERS ASSOCIATION EMPLOYEE BENEFIT TRUST
- What is the EIN of NEW JERSEY BANKERS ASSOCIATION EMPLOYEE BENEFIT TRUST?
- The employer identification number (EIN) of NEW JERSEY BANKERS ASSOCIATION EMPLOYEE BENEFIT TRUST is 22-6058397.
- Is NEW JERSEY BANKERS ASSOCIATION EMPLOYEE BENEFIT TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2024.
- Are donations to NEW JERSEY BANKERS ASSOCIATION EMPLOYEE BENEFIT TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW JERSEY BANKERS ASSOCIATION EMPLOYEE BENEFIT TRUST 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 EMPLOYEE BENEFIT TRUST 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 EMPLOYEE BENEFIT TRUST 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 EMPLOYEE BENEFIT TRUST?
- The 990 for the year ended June 30, 2025 names MATTHEW COONEY.
- Who are the officers and directors of NEW JERSEY BANKERS ASSOCIATION EMPLOYEE BENEFIT TRUST?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does NEW JERSEY BANKERS ASSOCIATION EMPLOYEE BENEFIT TRUST have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $161,757, expenses of $213,791 and total assets of $968,318 at year end.
Other nonprofits in CRANFORD
- CENTRAL JERSEY ABIP INC EIN 93-2542447 · last filed 990 for 2025
- INTERNATIONAL SOCIETY OF NEPHROLOGY EIN 59-1776707 · last filed 990 for 2024
- THE CEREBRAL PALSY LEAGUE INC EIN 22-1532195 · last filed 990 for 2025
- UNION COUNTY COLLEGE FOUNDATION INC EIN 22-2218627 · last filed 990 for 2025
- NEW JERSEY BANKERS ASSOCIATION EIN 22-1152260 · last filed 990 for 2025
- UNION COUNTY ECONOMIC DEVELOPMENT CORP EIN 22-2155884 · last filed 990 for 2025
- ENDING HOMELESSNESS GROUP EIN 46-5725811 · last filed 990 for 2024
- MONARCH HOUSING ASSOCIATES INC EIN 22-3094991 · last filed 990 for 2025
All nonprofits in CRANFORD · New Jersey · Mutual and membership benefit