2024-05-09T10:13:54-05:00 2023-06-30 541149263 YOUNT HYDE & BARBOUR PC PO BOX 2560 WINCHESTER VA 226041760 990 2022-07-01 521545256 MARYLAND BANKERS ASSOCIATION INC MARY 4102695977 186 DUKE OF GLOUCESTER STREET ANNAPOLIS MD 21401 RAMON LOOBY PRESIDENT & CEO 4102695977 2024-05-06 1 RAMON LOOBY 999009999 1 CHRIS FRYE CPA P01068721 5406623417 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RAMON LOOBY 186 DUKE OF GLOUCESTER STREET ANNAPOLIS MD 21401 2480078 0 X WWW.MDBANKERS.COM X 1896 MD TO PROMOTE THE STRENGTH AND SUCCESS OF MARYLAND BANKS AND BANKERS. 21 21 9 120 135229 0 0 0 2090315 2168589 20583 20798 48703 225775 2159601 2415162 0 0 0 0 1052526 1145589 0 0 0 1358412 1400239 2410938 2545828 -251337 -130666 2696067 2551988 2507973 2479540 188094 72448 TO PROMOTE THE STRENGTH AND SUCCESS OF MARYLAND BANKS AND BANKERS. 0 0 SEE PART IX "STATEMENT OF FUNCTIONAL EXPENSES" TITLES OF PROGRAMS PROVIDED FOR THE BENEFIT OF STATEWIDE MEMBER BANKS. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 26 0 1 9 1 1 1 0 0 0 1 1 0 0 0 X 21 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X RAMON LOOBY 4438371603 186 DUKE OF GLOUCESTER ST ANNAPOLIS MD 21401 ROBERT E GOETZ JR PAST-CHAIR 2.00 X X 0 0 0 KEVIN B CASHEN CHAIR 2.00 X X 0 0 0 RONDA MCDOWELL CHAIR-ELECT 2.00 X X 0 0 0 JOSEPH CLARKE VICE CHAIR 2.00 X X 0 0 0 MARK MULLICAN DIRECTOR 2.00 X 0 0 0 RAYMOND THOMPSON DIRECTOR 2.00 X 0 0 0 CHRISTOPHER HOLT DIRECTOR 2.00 X 0 0 0 CHRISTY LOMBARDI DIRECTOR 2.00 X 0 0 0 JOHN ALLEN DIRECTOR 2.00 X 0 0 0 LLOYD BEATTY DIRECTOR 2.00 X 0 0 0 MATT CALHOUN DIRECTOR 2.00 X 0 0 0 JAMES CORNELSEN DIRECTOR 2.00 X 0 0 0 GREG FARNO DIRECTOR 2.00 X 0 0 0 RAYMOND HAMM DIRECTOR 2.00 X 0 0 0 CARISSA RODEHEAVER CPA CFP DIRECTOR 2.00 X 0 0 0 JANET CURRIE DIRECTOR 2.00 X 0 0 0 REID TINGLE DIRECTOR 2.00 X 0 0 0 MELISSA QUIRK DIRECTOR 2.00 X 0 0 0 MICHAEL ALLEN DIRECTOR 2.00 X 0 0 0 KEVIN BENSON DIRECTOR 2.00 X 0 0 0 WILLIAM WIEDEL JR DIRECTOR 2.00 X 0 0 0 RAMON LOOBY PRESIDENT/CEO/TREASURER 45.00 X 340484 0 31334 LYNN MITCHELL SVP FINANCE & ADMINISTRATION 40.00 X 151200 0 20903 DREW JABIN VP, HEAD OF GOV'T & COMM AFFAIRS 40.00 X 131797 0 9078 623481 0 61315 3 0 1 0 GORDON FEINBLATT LLC 1001 FLEET STREET SUITE 700 BALTIMORE MD 21202 LEGAL SERVICES 221500 1 MEMBERSHIP DUES 900099 1256097 1256097 CONVENTION 900099 335544 335544 MD BANKING SCHOOL 611600 172470 172470 MARYLAND BANK SERVICES 900099 135229 135229 ECONOMIC OUTLOOK FORUM 611600 131825 131825 137424 137424 2168589 13173 13173 36896 36896 72541 64916 7625 7625 7625 EMPLOYEE RETENTION TAX 900099 147759 147759 EMERGING LEADERS CHAMP 900099 33527 33527 REGIONAL MEETINGS 900099 7593 7593 188879 2415162 2111376 135229 168557 527428 506557 12170 35602 63832 12100 22605 133498 7500 76430 85952 16417 62716 87358 281153 43686 49735 10238 MARYLAND BANKING SCHOOL 123113 OFFICERS' EXPENSES 71356 EDUCATION SEMINARS 66429 FIRST FRIDAY ECONOMIC O 51945 198008 2545828 200 200 872885 694005 73093 157287 59334 12018 51788 40762 1968006 998277 1024247 969729 489252 526006 125268 151981 2696067 2551988 353428 267590 718290 809602 1388005 1315760 48250 86588 2507973 2479540 X 188094 72448 188094 72448 2696067 2551988 X -130666 25645 -10625 X X 0 1 X 1 0 0 0 0 1256097 314950 314950 445915 -130965 110966 110966 1511906 686612 825294 95157 80223 14934 249977 231442 18535 969729 INVESTMENT IN MARYLAND BANK SERVICES, INC. 95393 ASSETS HELD IN RABBI TRUST 49339 RIGHT OF USE ASSET 7249 151981 SUPPLEMENTAL RETIREMENT PLAN AND DEFERRED COMPENSATION 30000 RABBI TRUST LIABILITY 49339 LEASE LIABILITIES 7249 86588 X 2422682 25645 -10625 15020 2407662 7500 7500 2415162 2538328 0 2538328 7500 7500 2545828 PART X, LINE 2: MBA IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). MBA SOLUTIONS IS A FOR-PROFIT ENTITY AND FILES CORPORATE INCOME TAX RETURNS. MANAGEMENT OF THE ASSOCIATION CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR, INCLUDING CHANGES TO THE ASSOCIATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE ASSOCIATION MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX, THEREFORE NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS RELATED TO MBA. INCOME TAX EXPENSE RELATING TO THE TAXABLE INCOME OF MBA SOLUTIONS WAS $705 AND $0 FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY INCOME/LOSS MARYLAND BANK SERVICES, INC. -10,625. FORM 990, PART IV, LINE 11F: THE ASSOCIATION FOLLOWS ACCOUNTING STANDARDS FOR DEALING WITH UNCERTAINTY IN ACCOUNTING FOR INCOME TAX PROVISIONS. THE ASSOCIATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2023. X X 1 1 X X X X X 0 1 0 RAMON LOOBY PRESIDENT/CEO/TREASURER 295000 0 29000 0 16484 0 31334 0 0 0 371818 0 0 0 LYNN MITCHELL SVP FINANCE & ADMINISTRATION 129475 0 10000 0 11725 0 5684 0 15219 0 172103 0 0 0 PART I, LINE 1A THE INITIATION FEES AND MEMBERSHIP DUES OF THE PRESIDENT & CEO ARE PAID BY THE ORGANIZATION, AS DOCUMENTED IN THE PRESIDENT & CEO'S EMPLOYMENT LETTER. PERSONAL USE OF THESE ITEMS ARE EITHER REIMBURSED OR INCLUDED AS TAXABLE INCOME ON FORM W-2. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHICH SERVE ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE GOVERNING BODY (BOARD OF DIRECTORS) ARE NOMINATED BY THEIR BANK OR BY ANY CHARTER MEMBER (VOTING MEMBER) AT EACH ANNUAL MEETING OF VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE ASSOCIATION'S BY-LAWS AND THE NOMINATION OF BOARD MEMBERS MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B MARYLAND BANKERS ASSOCIATION (MBA) IS COMMITTED TO APPROPRIATE FISCAL OVERSIGHT BY THE ORGANIZATION'S EXECUTIVE COMMITTEE. AS SUCH, MBA WORKS TO ENSURE THE HIGHEST STANDARDS IN REVIEW OF ITS INTERNAL REVENUE SERVICE FORM 990. EACH YEAR, PRIOR TO THE SUBMISSION OF THE ASSOCIATION'S FORM 990 TO THE INTERNAL REVENUE SERVICE, EACH VOTING MEMBER OF THE EXECUTIVE COMMITTEE SHALL BE PROVIDED WITH A COPY OF THE FINAL FORM 990 AS COMPLETED BY YOUNT, HYDE & BARBOUR, PC. EXECUTIVE COMMITTEE MEMBERS SHALL BE PROVIDED WITH AT LEAST FIVE BUSINESS DAYS TO REVIEW THE FORM AND SHOULD HAVE AN OPPORTUNITY TO RAISE QUESTIONS, MAKE SUGGESTIONS, AND ADDRESS ANY POTENTIAL PROBLEMS OR CONCERNS WITH THE PRESIDENT & CEO. THE EXECUTIVE COMMITTEE ALSO SERVES AS THE INVESTMENT COMMITTEE OF THE BOARD OF DIRECTORS AND IS COMPOSED OF THE CHAIRMAN, CHAIRMAN-ELECT, VICE CHAIRMAN AND IMMEDIATE PAST CHAIRMAN SERVING AS EX-OFFICIO. SUBJECT TO ANY STATUTORY LIMITATIONS ON THE POWERS OF COMMITTEES, THE BOARD OF DIRECTORS MAY DELEGATE TO THE EXECUTIVE COMMITTEE ANY OF THE POWERS OF THE BOARD OF DIRECTORS. ALL MEMBERS OF THE MBA BOARD OF DIRECTORS WILL BE PROVIDED A COPY OF THE FILING VERSION OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL BOARD MEMBERS SHALL BE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO COMPLETE AND SIGN THE ACKNOWLEDGMENT AND DISCLOSURE FORM. ALL COMPLETED FORMS SHALL BE PROVIDED TO AND REVIEWED BY THE MBA EXECUTIVE COMMITTEE. THE ORGANIZATION MONITORS COMPLIANCE AND WOULD ENFORCE ANY VIOLATIONS OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 CEO: THE EXECUTIVE COMMITTEE, WHICH SERVES AS THE COMPENSATION COMMITTEE OF THE ASSOCIATION, CONDUCTS AN ANNUAL REVIEW OF THE CEO'S PERFORMANCE TO DETERMINE THE CEO'S COMPENSATION THAT INCLUDES THE FOLLOWING: SUMMARY OF ACCOMPLISHMENTS, COMPENSATION HISTORY, AND SUPPORTING MATERIALS SUCH AS: THE APPROVED POSITIONING STATEMENT FOR CEO'S COMPENSATION, THE ADOPTED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN CONTRIBUTION STATEMENT AND AVAILABLE BENCHMARK SURVEYS AND FORMS 990 FOR STATE BANKERS ASSOCIATION EXECUTIVES. KEY EMPLOYEES: THE CEO CONDUCTS AN ANNUAL REVIEW OF KEY EMPLOYEES TO DETERMINE COMPENSATION THAT INCLUDES: SUMMARY OF ACCOMPLISHMENTS AND OTHER SUPPORTING MATERIALS SUCH AS BENCHMARK SURVEYS FOR OTHER STATE BANKER'S ASSOCIATION KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE MARYLAND BANKERS ASSOCIATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR INSPECTION AT THE ASSOCIATION'S HEADQUARTERS. FORM 990, PART XI, LINE 9: EQUITY INCOME/LOSS MARYLAND BANK SERVICES, INC. -10,625. FORM 990, PART XII, LINE 2C: THE EXECUTIVE COMMITTEE ASSUMES OVERSIGHT OF THE AUDIT OF THE ASSOCIATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS IS CONSISTENT WITH PRIOR YEARS. MARYLAND BANK SERVICES INC 186 DUKE OF GLOUCESTER STREET ANNAPOLIS MD 21401 521941961 SERVICES TO BANKS AND FINANCIAL INSTITUTIONS. MD C -10625 107411 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 MARYLAND BANK SERVICES INC O 86704 ACTUAL HOURS WORKED