2024-05-09T17:45:21-05:00 2023-06-30 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2022-07-01 221152260 NEW JERSEY BANKERS ASSOCIATION % EDWARD YAKELY NEWJ 9082728500 411 NORTH AVENUE EAST CRANFORD NJ 07016 MICHAEL AFFUSO PRESIDENT & CEO 9083244028 2024-05-07 true MICHAEL AFFUSO XXX-XX-XXXX Brian E Bender P01305467 3012726000 2 2022 2023-04-26 12:10:37Z MICHAEL AFFUSO 411 NORTH AVENUE EAST CRANFORD NJ 07016 4273484 false X HTTPS://WWW.NJBANKERS.COM X 1908 NJ THE NJ BANKERS ASSOCIATION'S PRIMARY MISSION IS TO REPRESENT ITS MEMBERSHIPS' INTERESTS BEFORE STATE AND FEDERAL GOVERNMENT AND REGULATORY AUTHORITIES. 26 25 12 25 73850 20750 0 219155 3608391 3564482 31328 46068 432917 443779 4072636 4273484 29456 6834 0 0 2080250 2012331 0 0 0 1857351 1931388 3967057 3950553 105579 322931 5053875 5887095 490013 992622 4563862 4894473 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. false false 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. false true true true false false false false false true true false true true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 6 0 true 12 true true true false false false false false false false X 26 25 false false false false true true false true true false false true true true true true true true false false X EDWARD YAKELY 9082728500 411 NORTH AVENUE EAST CRANFORD NJ 07016 MICHAEL AFFUSO PRESIDENT/CEO 35.0 1.0 X 350932 0 40740 JOHN E MCWEENEY JR PRESIDEN/CEO (THRU 6/30/22) 35.0 1.0 X 301279 0 54245 JENNIFER ZORN VP/EDUC/DIR BUS DEVELOPMENT 35.0 0.0 X 198165 0 30385 JOHN MANGINI VP/DIRECTOR OF MARKETING & COM 35.0 0.0 X 135139 0 22567 JESSICA JAKOBSON VP OF PROF. DEVELOPMENT 35.0 0.0 X 118570 0 23776 WENDY MANDELBAUM CONTROLLER 35.0 0.0 X 100025 0 21862 CHRISTOPHER MAHER CHAIRMAN (UNTIL 5/17/2023) 1.0 0.2 X X 0 0 0 STEVEN KLEIN FIRST VICE CHAIRMAN 1.0 0.2 X X 0 0 0 THOMAS SHARA FORMER CHAIRMAN 1.0 0.2 X X 0 0 0 THOMAS KEMLY FORMER CHAIRMAN 0.0 0.0 X X 0 0 0 ROBERT CURLEY III MEMBER (THRU 5/17/23) 1.0 0.0 X 0 0 0 JOANNA DICIURCIO MEMBER (THRU 5/17/23) 1.0 0.0 X 0 0 0 EFFIE GIKAS MEMBER 1.0 0.0 X 0 0 0 JORGE A GOMES MEMBER 1.0 0.0 X 0 0 0 JAMES A HUGHES MEMBER 1.0 0.0 X 0 0 0 KEVIN M LENIHAN MEMBER 1.0 0.0 X 0 0 0 JANE E REY MEMBER 1.0 0.2 X 0 0 0 PATRICK RYAN SECOND VICE CHAIRMAN 1.0 0.2 X X 0 0 0 WILLIAM P TAYLOR MEMBER 1.0 0.0 X 0 0 0 FERDINAND R VIAUD MEMBER 1.0 0.0 X 0 0 0 JAMES H WAINWRIGHT MEMBER 1.0 0.0 X 0 0 0 IRA ROBBINS MEMBER 1.0 0.2 X 0 0 0 NICHOLAS A FRUNGILLO JR MEMBER 1.0 0.0 X 0 0 0 ROBERT REY MEMBER 1.0 0.0 X 0 0 0 DANIEL CUNEO MEMBER 1.0 0.0 X 0 0 0 KEVIN B PETERSON MEMBER 1.0 0.0 X 0 0 0 JOHN FITZGERALD IMMEDIATE FORMER CHAIRMAN 1.0 0.2 X X 0 0 0 JOHN BONHOMME MEMBER (STARTING 5/17/23) 1.0 0.0 X 0 0 0 ANTHONY LABOZZETTA MEMBER (STARTING 5/17/23) 1.0 0.0 X 0 0 0 ELIZABETH MAGENNIS MEMBER (STARTING 5/17/23) 1.0 0.0 X 0 0 0 MARTIN MELILLI MEMBER (STARTING 5/17/23) 1.0 0.0 X 0 0 0 1204110 0 193575 6 false true false INTEGRIS LLC PO BOX 674539 DALLAS TX 75267 IT SERVICES 160101 1 219155 219155 ASSOCIATION MEMBERSHIP DUES 813920 1541364 1541364 CONVETIONS AND OTHER MEETING REVENUES 561920 2023118 2023118 3564482 45318 45318 0 127229 127229 32400 32400 0 32400 32400 750 750 750 750 0 0 0 0 0 0 0 0 0 REIMBURSEMENTS 541800 203560 203560 MARKETING FEES 541800 55250 55250 ASSOCIATION PUBLICATION INCOME 541800 18600 18600 6740 6740 284150 4273484 3774782 73850 205697 6834 0 0 0 671797 0 937920 144792 145737 112085 0 127206 38050 101228 0 0 84456 0 135701 181717 0 202741 9639 0 913068 0 0 53181 79511 UNRELATED BUSINESS INCOME TAX 4358 MISCELLANEOUS EXPENSES 532 3950553 567270 585159 3468873 3642197 0 0 313773 482369 0 0 0 0 0 0 0 0 85000 82566 909443 812264 124556 97179 0 0 483875 491555 0 0 0 0 10528 506070 5053875 5887095 215880 362662 0 0 274133 120133 0 0 0 0 0 0 0 0 0 0 0 509827 490013 992622 X 4563862 4894473 0 0 4563862 4894473 5053875 5887095 X 322931 7680 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88600 88600 0 88600 false BUCCO FOR SENATE 17 CONDIT STREET SUCCASUNNA NJ 07876 844312830 7600 BRAMNICK FOR SENATE 14 Kimball Circle WESTFIELD NJ 07090 992915610 5500 CORRADO FOR SENATE 142 Totowa Road Totowa NJ 07512 831929095 6000 JIM BEACH FOR SENATE 2240-15 Route 70 Cherry Hill NJ 08002 263994891 5000 SENATOR PAUL SARLO 110 10th Street WOODRIDGE NJ 07075 5000 LAGANA FOR SENATE 12 North Route 17 Street 320 Paramus NJ 07652 463231268 5000 MORIARTY FOR SENATE PO Box 1368 Blackwood NJ 08012 923250433 5600 SCHEPISI FOR SENATE PO Box 8658 Somerville NJ 08876 453234102 5500 NJ ORGANIZATION FOR PO Box 1600 Trenton NJ 08607 222575432 5000 BARLAS ELECTION FUND 376 Crestmont Road Cedar Grove NJ 07009 883827743 2600 BOB AUTH FOR ASSEMBL 73 Howard Drive Old Tappan NJ 07075 461941741 500 BRIAN STACK FOR SENA PO Box 836 Union City NJ 07087 263802455 1000 CLIFTON FOR ASSEMBLY 237 Matawan Avenue Matawan NJ 07747 451585878 500 ELECT BRITNEE TIMBER PO BOX 5052 EAST ORANGE NJ 07019 1700 REELECT M TERESA 677 Lake Street Newark NJ 07104 823058628 1000 CTE PATRICK DIEGNAN 2443 Plainfield Avenue South Plainfield NJ 07080 1000 DANIELSEN FOR ASSEMB PO Box 6463 Somerset NJ 08873 475137956 1000 DIMAIIO FOR ASSEMBLY 15 Reese Avenue Hackettstown NJ 07840 863308197 2600 EFO CRAIG COUGHLIN 3 Eli Road Colonia NJ 07067 010930328 2600 LOUIS D GREENWALD 2240-15 Rt 70 Cherry Hill NJ 08002 3900 PAMELA LAMPITT FOR 2240-15 Rt 70 Cherry Hill NJ 08002 061751364 1500 QUIJANO FOR ASSEMBLY 3 Eli Road Colonia NJ 07067 1000 EFO ROBERT W SINGER 1463 Massachusetts Avenue Lakewood NJ 08701 051401431 300 SENATOR NILSA CRUZ PO Box 1003 Camden NJ 08101 472716365 500 TROY E SINGLETON 907 Morgan Avenue Palmyra NJ 08056 820937198 1000 EFO YVONNE LOPEZ PO Box 283 Keasbey NJ 08832 815263516 2100 FRIENDS OF TRADITION 175 S Main Street Suite 1420 Salt Lake City UT 454820474 2500 JOHN F MCKEON FOR A 100 Passaic Avenue STE 310 Farfield NJ 07004 030417907 1000 MATSIKOUDIS PO Box 462 New Providence NJ 07974 862915610 400 MORIARTY FOR ASSEMBL PO Box 1368 Blackwood NJ 08012 923250433 2000 NELLIE POU FOR SENAT PO Box 2696 Paterson NJ 07509 1000 PARK FOR ASSEMBLY PO Box 968 Englewood Cliffs NJ 07632 871424730 1000 PINTOR MARIN FOR STA 145 Clifford Street Newark NJ 07105 463740256 1000 RAJ MUKHERJI FOR SEN PO Box 1 Jersey City NJ 07303 462542486 500 RENEE C BURGESS FOR 124 Montgomery Ave Irvington NJ 07111 920492481 500 ROWAN UNIVERSITY FOU 200 Mullica Hill Road Glassboro NJ 08028 222764819 1500 SCHAER FOR ASSEMBLY 511 Passaic Avenue Spring Lake NJ 07762 1000 STANLEY FOR ASSEMBLY PO Box 1 East Brunswick NJ 08816 861385941 400 VICKY FLYNN FOR NJ PO Box 999 Edison NJ 08818 862145348 300 ZWICKER FOR SENATE PO Box 16 Kingston NJ 08528 854265632 500 false false true 1541364 652996 -159457 493539 462409 31130 SCHEDULE C, PART I-A, LINE 1: THE ASSOCIATION MAKES CONTRIBUTIONS THAT SUPPORT OR OPPOSE CANDIDATES FOR ELECTIVE STATE OR LOCAL PUBLIC OFFICE. 156391 155566 825 753052 656698 96354 97179 INVESTMENT IN BCG 311430 C INVESTMENT IN NJBANKERS BUSINE 180125 C 491555 OTHER ASSETS 10528 RIGHT OF USE ASSET - LEASE 495542 506070 0 RIGHT OF USE LEASE LIABILITY 509827 509827 X SCHEDULE D, PART X, LINE 2 - FIN 48 (ASC 740) FOOTNOTE U.S. GAAP requires management to evaluate tax positions taken by the Organization and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by applicable taxing authorities. For the years ended June 30, 2023 and 2022, the Organization has determined that no material uncertain tax positions qualify for either recognition or disclosure in the consolidated financial statements. There has been no tax related interest or penalties for the periods presented in these consolidated financial statements. The Organization does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Association recognizes interest and/or penalties related to income tax matters in income tax expense. The Association did not have any amount accrued for interest and penalties at June 30, 2023 or 2022. X X X false false false MICHAEL AFFUSO PRESIDENT/CEO 285272 60000 5660 30500 10240 391672 JENNIFER ZORN VP/EDUC/DIR BUS DEVELOPMENT 161923 35000 1242 19817 10568 228550 JOHN E MCWEENEY JR PRESIDEN/CEO (THRU 6/30/22) 205858 90000 5421 30128 24117 355524 JOHN MANGINI VP/DIRECTOR OF MARKETING & COM 119938 15000 201 13514 9053 157706 FORM 990, PART III, LINE 1 - ORGANIZATION'S 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. FORM 990, PART VI, LINE 1A - DELEGATE BROAD AUTHORITY TO A COMMITTEE THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIRMAN OF THE BOARD, THE TWO (2) VICE CHAIRMAN OF THE BOARD, THE IMMEDIATE PAST CHAIRMAN OF THE BOARD AND THREE (3) OTHER MEMBERS OF THE BOARD OF DIRECTORS DESIGNATED BY THE CHAIRMAN AND APPROVED BY A MAJORITY OF THE ENTIRE BOARD, ONE (1) OF WHOM SHALL BE A DIRECTOR REPRESENTING THE CLASS E MEMBERS ON THE BOARD OF DIRECTORS. THE CHAIRMAN OF THE BOARD SHALL SERVE AS CHAIRMAN OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE SUCH AUTHORITY OF THE BOARD AS APPROVED IN A RESOLUTION ADOPTED BY MAJORITY OF THE ENTIRE BOARD, OTHER THAN AMENDING BYLAWS, ELECTING AND APPOINTING DIRECTORS AND OFFICERS, AMENDING OR REPEALING BOARD RESOLUTIONS, AND SUBMITTING ACTIONS TO MEMBERS FOR APPROVAL. FORM 990, PART VI, LINE 6 - CLASSES OF MEMBERS OR STOCKHOLDERS THE MEMBERSHIP OF NJBANKERS SHALL CONSIST OF THREE (3) CLASSIFICATIONS OF MEMBERS: (1) REGULAR MEMBERS, (2) ASSOCIATE MEMBERS, AND (3) FINANCIAL SERVICES MEMBERS. SUBJECT TO THE APPROVAL OF THE REGULAR MEMBERS OF NJBANKERS, THE BOARD OF DIRECTORS MAY, FROM TIME TO TIME, ESTABLISH SUCH ADDITIONAL CLASSIFICATIONS OF MEMBERSHIP AND SUCH MEMBERSHIP QUALIFICATIONS FOR EACH CLASSIFICATIONS OF MEMBERSHIP AS IT DEEMS NECESSARY. EACH REGULAR MEMBER, IN GOOD STANDING, SHALL HAVE ALL OF THE RIGHTS, PRIVILEGES, AND DUTIES PRESCRIBED BY THESE BY-LAWS AND DEFINED BY THE BOARD OF DIRECTORS AND SUCH OTHER RIGHTS AND PRIVILEGES AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME ESTABLISH BY RESOLUTION. EACH ASSOCIATE MEMBER, IN GOOD STANDING, SHALL HAVE ALL OF THE RIGHTS, PRIVILEGES AND DUTIES PRESCRIBED BY THE BY-LAWS AND DEFINED BY THE BOARD OF DIRECTORS AND SUCH OTHER RIGHTS AND PRIVILEGES AS THE BOARD OF DIRECTORS MAY, FROM TIME TO TIME, ESTABLISH BY RESOLUTION EXCEPT FOR THE RIGHT TO VOTE, HOLD OFFICE OR SERVE ON THE BOARD OF DIRECTORS, OR OTHERWISE DETERMINE THE POLICY AND ADMINISTRATION OF NJBANKERS. AN ASSOCIATE MEMBER MAY EXCEPT AS HEREIN OTHERWISE PROVIDED SERVE ON ANY COMMITTEE OF NJBANKERS NOT HAVING OR EXERCISING ANY AUTHORITY OF THE BOARD OF DIRECTORS. EACH FINACIAL SERVICES MEMBER, IN GOOD STANDING, SHALL HAVE ALL OF THE RIGHTS, PRIVILEGES AND DUTIES PRESCRIBED BY THE BY-LAWS AND DEFINED BY THE BOARD OF DIRECTORS AND SUCH OTHER RIGHTS AND PRIVILEGES AS THE BOARD OF DIRECTORS MAY, FROM TIME TO TIME, ESTABLISH BY RESOLUTION EXCEPT FOR THE RIGHT TO VOTE, HOLD OFFICE OR SERVE ON THE BOARD OF DIRECTORS, OR OTHERWISE DETERMINE THE POLICY AND ADMINISTRATION OF NJBANKERS. A FINANCIAL SERVICES MEMBER MAY EXCEPT AS HEREIN OTHERWISE PROVIDED SERVE ON ANY COMMITTEE OF NJBANKERS NOT HAVING OR EXERCISING ANY AUTHORITY OF THE BOARD OF DIRECTORS. FORM 990, PART VI, LINE 7A - MEMBERS ELECTING MEMBERS OF GOVERNING BODY MEMBER CLASSIFICATION: THE MEMBERSHIP OF NJBANKERS SHALL CONSIST OF THREE (3) CLASSIFICATIONS OF MEMBERS: (1) REGULAR MEMBERS, (2) ASSOCIATE MEMBERS, AND (3) FINANCIAL SERVICES MEMBERS. SUBJECT TO THE APPROVAL OF THE REGULAR MEMBERS OF NJBANKERS, THE BOARD OF DIRECTORS MAY, FROM TIME TO TIME, ESTABLISH SUCH ADDITIONAL CLASSIFICATIONS OF MEMBERSHIP AND SUCH MEMBERSHIP QUALIFICATIONS FOR EACH CLASSIFICATIONS OF MEMBERSHIP AS IT DEEMS NECESSARY. REGULAR MEMBERS: REGULAR MEMBERS SHALL CONSIST OF ANY INSTITUTION, AFTER SUCCESSFUL COMPLETEION OF THE REGULAR MEMBERS ADMISSION PROCESS AS DESCRIBED IN SECTION 2 OF THIS ARTICLE, HAVING ITS PRINCIPAL PLACE OF BUSINESS IN THE STATE OF NEW JERSEY OR HAVING ONE OR MORE OFFICES IN THE STATE OF NEW JERSEY, WHICH TERM SHALL MEAN AND INCLUDE: STATE OR FEDERALLY CHARTERED SAVINGS AND LOAN ASSOCIATIONS, SAVINGS BANKS AND COMMERICAL BANKS. IN THE CASE OF A HOLDING COMPANY WHICH OWNS TWO OR MORE INSTITUTIONS THAT WOULD EACH QUALIFY AS REGULAR MEMBERS, THE REGULAR MEMBER FOR VOTING PURPOSES WILL BE THE HOLDING COMPANY AND DUES WILL BE BASED UPON NEW JERSEY-BASED DEPOSITS. EACH REGULAR MEMBER, IN GOOD STANDING, SHALL HAVE ALL OF THE RIGHTS, PRIVILEGES, AND DUTIES PRESCRIBED BY THESE BY-LAWS AND DEFINED BY THE BOARD OF DIRECTORS AND SUCH OTHER RIGHTS AND PRIVILEGES AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME ESTABLISH BY RESOLUTION. ASSOCIATE MEMBERS, IN GOOD STANDING, SHALL HAVE ALL OF THE RIGHTS, PRIVILEGES, AND DUTIES PRESCRIBED BY THESE BY-LAWS AND DEFINED BY THE BOARD OF DIRECTORS AND SUCH OTHER RIGHTS AND PRIVILEGES AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME ESTABLISH BY RESOLUTION. ASSOCIATE MEMBERS: ANY PERSON, PARTNERSHIP, CORPORATION, OR SUBSIDIARY, DIVISION OR UNIT THEREOF (OTHER THAN A CREDIT UNION), ENGAGED IN PROVIDING REGULAR MEMBERS OF NJBANKERS WITH GOODS OR SERVICES, OR BOTH, OR PROVIDING REGULAR MEMBERS A MEANS FOR COMPLYING WITH COMMUNITY REINVESTMENT ACT OR OTHER REGULATORY REQUIREMENTS, OR ANY CLIENTS OF BANKERS COOPERATIVE GROUP, INC., SHALL, AFTER MEETING SUCH MEMBERSHIP QUALIFICATIONS AS MAY BE ESTABLISHED BY THE BOARD OF DIRECTORS FROM TIME TO TIME FOR SUCH MEMBERSHIP CLASSIFICATION AS DESCRIBED IN SECTION 2 OF THIS ARTICLE, BE ELIGIBLE FOR MEMBERSHIP AS AN ASSOCIATE MEMBER OF NJBANKERS. EACH ASSOCIATE MEMBER, IN GOOD STANDING, SHALL HAVE ALL OF THE RIGHTS, PRIVILEGES AND DUTIES PRESCRIBED BY THE BY-LAWS AND DEFINED BY THE BOARD OF DIRECTORS AND SUCH OTHER RIGHTS AND PRIVILEGES AS THE BOARD OF DIRECTORS MAY, FROM TIME TO TIME, ESTABLISH BY RESOLUTION EXCEPT FOR THE RIGHT TO VOTE, HOLD OFFICE OR SERVE ON THE BOARD OF DIRECTORS, OR OTHERWISE DETERMINE THE POLICY AND ADMINISTRATION OF NJBANKERS. AN ASSOCIATE MEMBER MAY EXCEPT AS HEREIN OTHERWISE PROVIDED SERVE ON ANY COMMITTEE OF NJBANKERS NOT HAVING OR EXERCISING ANY AUTHORITY OF THE BOARD OF DIRECTORS. FINANCIAL SERVICES MEMBERS: ALL APPLICATIONS FOR FINANCIAL SERVICES MEMBERSHIP IN NJBANKERS SHALL BE MADE IN WRITING IN A FORM REQUIRED BY THE BOARD OF DIRECTORS, SHALL BE SIGNED BY THE APPLICANT AND SHALL CONTAIN AND/OR BE ACCOMPANIED BY SUCH INFORMATION AS THE BOARD OF DIRECTORS SHALL FROM TIME TO TIME REQUIRE. AFTER SUCH APPLICATION IS SUBMITTED AND DEEMED TO BE COMPLETE AND PROPERLY MADE, IT SHALL BE SUBMITTED TO THE BOARD OF DIRECTORS AT ITS NEXT REGULARLY SCHEDULED MEETING AND, IF SUCH APPLICATION IS APPROVED, THE APPLICANT SHALL BE ADMITTED AS A FINANCIAL SERVICES MEMBER OF NJBANKERS. EACH FINACIAL SERVICES MEMBER, IN GOOD STANDING, SHALL HAVE ALL OF THE RIGHTS, PRIVILEGES AND DUTIES PRESCRIBED BY THE BY-LAWS AND DEFINED BY THE BOARD OF DIRECTORS AND SUCH OTHER RIGHTS AND PRIVILEGES AS THE BOARD OF DIRECTORS MAY, FROM TIME TO TIME, ESTABLISH BY RESOLUTION EXCEPT FOR THE RIGHT TO VOTE, HOLD OFFICE OR SERVE ON THE BOARD OF DIRECTORS, OR OTHERWISE DETERMINE THE POLICY AND ADMINISTRATION OF NJBANKERS. A FINANCIAL SERVICES MEMBER MAY EXCEPT AS HEREIN OTHERWISE PROVIDED SERVE ON ANY COMMITTEE OF NJBANKERS NOT HAVING OR EXERCISING ANY AUTHORITY OF THE BOARD OF DIRECTORS. FORM 990, PART VI, LINE 11B - REVIEW OF FORM 990 BY GOVERNING BODY FORM 990 IS REVIEWED BY THE PRESIDENT AND VP OF FINANCE, ANY QUESTIONS OR COMMENTS ON THE FORM 990 ARE DISCUSSED WITH THE TAX PREPARER, A COMPLETE COPY OF THE FORM 990 IS UPLOADED TO A SHARED PORTAL FOR THE BOARD REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, LINE 12C - CONFLICT OF INTEREST POLICY THE BOARD OF DIRECTORS REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST. A COPY OF THE POLICY IS GIVEN TO EACH OFFICER AND BOARD MEMBER ANNUALLY IN SEPTEMBER AND EACH OFFICER AND BOARD MEMBER IS REQUIRED TO NOTIFY THE BOARD OF DIRECTORS OF ANY CONFLICTS. POTENTIAL OR ACTUAL CONFLICTS IDENTIFIED ARE CONSIDERED ON A CASE BY CASE BASIS AND COULD RESULT IN RECUSAL FROM VOTING. FORM 990, PART VI, LINE 15A - PROCESS TO ESTABLISH COMPENSATION OF TOP MAN THE PRESIDENT'S COMPENSATION IS DISCUSSED, REVIEWED, AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE DETERMINATION INCORPORATED SUMMARY INFORMATION FROM TWO 2019 SALARY SURVEY REPORTS CONDUCTED BY 3RD PARTIES, ONE OF WHICH INCLUDED DATA FROM 34 STATE BANKING ASSOCIATIONS AND THE OTHER FROM DATA FROM 22 FINANCIAL INSTIUTIONS. COMPENSATION FROM THREE OTHER LEADING STATE TRADE ASSOCIATIONS WAS ALSO INCLUDED. THE REVIEW WAS LAST COMPLETED IN JUNE 2021. FORM 990. PART VI, LINE 15B - PROCESS FOR COMPENSATION OF OTHER OFFICERS ONE EXECUTIVE VICE PRESIDENT AND ONE SENIOR VICE PRESIDENT'S COMPENSATION IS DISCUSSED, REVIEWED, AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE COMPENSATION FOR THE OTHER OFFICERS IS DETERMINED BY THE RESPECTIVE SUPERVISOR WITHIN THE BUDGET GUIDELINES WHICH ARE APPROVED BY THE BOARD OF DIRECTORS. DATA FROM THE 2015 STATE BANKERS ASSOCIATION COMPENSATION & BENEFITS SURVEY WAS USED IN THE DETERMINATION OF OTHER OFFICER POSITIONS. FORM 990, PART VI, LINE 19 - REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES GAIN IN INVESTMENT IN NJBANKERS BUSINESS SERVICES, INC. - EQUITY METHOD $7,680. NJ BANKERS CHARITABLE FOUNDATION 411 NORTH AVE EAST CRANFORD NJ 07016 342025283 SCHOLARSHIP NJ 501(C)(3) PF NJBANKERS true NJBANKERS BUSINESS SERVICES INC 411 NORTH AVE EAST CRANFORD NJ 07016 223393206 SERVICE FOR BANKS NJ NJBANKERS C CORP 180125 180125 1.00000 true false false true false false false false false false true false false false true true false true false false NJBANKERS BUSINESS SERVICES INC Q 165000 COST NJBANKERS BUSINESS SERVICES INC C 74100 FMV