Nonprofit · EIN 13-1882974
NEW YORK BANKERS ASSOCIATION INC
Tax-exempt · NEW YORK, NY 10016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $6,887,573 | $5,298,186 | $1,589,387 | $33,588,542 | $32,358,492 | $1,230,050 |
| April 30, 2024 | 990 | $5,910,671 | $5,305,187 | $605,484 | $33,778,757 | $34,477,172 | -$698,415 |
| April 30, 2023 | 990 | $5,032,932 | $5,385,273 | -$352,341 | $32,873,037 | $36,372,451 | -$3,499,414 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,493,132
- Investment income
- $2,387,691
- Net rental income
- $6,750
- Net gain from sales of assets
- $1,765,776
- Other revenue
- $6,750
Expenses
- Grants and similar amounts paid
- $1,750
- Compensation of officers, directors and key employees
- $1,422,952
- Other salaries and wages
- $813,625
- Salaries, compensation and benefits (total)
- $2,439,357
- Professional fundraising fees
- $0
- Accounting fees
- $70,000
- Occupancy
- $578,850
- Travel
- $53,745
- Depreciation
- $135,259
Balance sheet and other
- Total assets, start of year
- $33,778,757
- Total assets, end of year
- $33,588,542
- Total liabilities, end of year
- $32,358,492
- Net assets, end of year
- $1,230,050
- Land, buildings and equipment
- $545,730
- Publicly traded securities
- $27,313,429
- Net assets without donor restrictions
- -$21,593,035
- Net assets with donor restrictions
- $22,823,085
- Gross unrelated business income
- $6,750
- Gross receipts
- $20,286,642
- Employees
- 13
- Volunteers
- 492
- Year formed
- 1894
- State of legal domicile
- NY
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Clare M Cusack | President & CEO Officer | 40 | $751,527 | $45,688 |
| KAREN ARMSTRONG | EXECUTIVE VICE PRESIDENT Officer | 40 | $313,490 | $15,584 |
| NIALL O'HEGARTY | GENERAL COUNSEL Officer | 40 | $308,914 | $0 |
| DRUCILLA MAHABIR | CONTROLLER & VP MIS Key employee | 40 | $209,678 | $26,311 |
| BRENT WEITZBERG | VICE PRESIDENT, GOVERNMENT REL Highest-paid employee | 40 | $150,287 | $26,022 |
| KONSTANTINOS KANANIS | VICE PRESIDENT Highest-paid employee | 40 | $144,264 | $22,513 |
| BARBARA LEBOFF | PROJECT COORDINATOR Highest-paid employee | 40 | $121,803 | $5,860 |
| JILL CAMPBELL | CHIEF OF STAFF Highest-paid employee | 40 | $106,618 | $18,399 |
| Martin K Birmingham | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Thomas L Amell | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Christopher Becker | Treasurer & Invest Fund Chair Trustee or director, Officer | 2 | $0 | $0 |
| Michael J Gilfeather | Immediate Past Chair Trustee or director, Officer | 2 | $0 | $0 |
| John R Buran | Past Chair Trustee or director | 2 | $0 | $0 |
| Donald E Gibson | Past Chair Trustee or director | 2 | $0 | $0 |
| Stephen S Romaine | Past Chair Trustee or director | 2 | $0 | $0 |
22 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles V Wait | Past Chair Trustee or director | 2 | $0 |
| Anders M Tomson | Government Relations Chair Trustee or director | 2 | $0 |
| Derrik R Wynkoop | Govt Relation Vice Chair Trustee or director | 2 | $0 |
| Sam Guerrieri | Trust Division Chair Trustee or director | 2 | $0 |
| Ruth H Mahoney | Trust Division Vice Chair Trustee or director | 2 | $0 |
| Michael Bingold | Retail Division Chair Trustee or director | 2 | $0 |
| Jesse A Tomczak | Retail Division Vice Chair Trustee or director | 2 | $0 |
| Cheryl D Bowers | Education Division Chair Trustee or director | 2 | $0 |
| Thomas E Ganey | Profit Solutions Div Chair Trustee or director | 2 | $0 |
| Michael J Horodyski | Asset Class II Representative Trustee or director | 2 | $0 |
| William C Calderara | Asset Class IV Representative Trustee or director | 2 | $0 |
| Richard J McCarthy Jr | Asset Class VI Representative Trustee or director | 2 | $0 |
| Marc J Perez | Asset Class VII Representative Trustee or director | 2 | $0 |
| Frank H Hamlin III | Western Region Trustee or director | 2 | $0 |
| Mark R Lavarnway | Southern Tier & Central Region Trustee or director | 2 | $0 |
| Michael J Quinn | Hudson Valley/Westchester Reg Trustee or director | 2 | $0 |
| Howard P Milstein | New York City Region Trustee or director | 2 | $0 |
| Ira D Robbins | At-Large Director Trustee or director | 2 | $0 |
| Andrew Kresse | Member Trustee or director | 2 | $0 |
| Thelma B Ferguson | Past Chair (thru 4/14/2025) Trustee or director | 2 | $0 |
| Martin A Dietrich | Past Chair (thru 4/14/2025) Trustee or director | 2 | $0 |
| Christopher C Giamo | At-Large Dir (thru 12/4/2024) Trustee or director | 2 | $0 |
990 for the year ended April 30, 2024: 43 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLARE CUSACK | President & CEO Officer | 40 | $740,140 | $43,949 |
| KAREN ARMSTRONG | EXECUTIVE VICE PRESIDENT Officer | 40 | $302,279 | $28,473 |
| NIALL O'HEGARTY | GENERAL COUNSEL Officer | 40 | $276,958 | $0 |
| DRUCILLA MAHABIR | CONTROLLER & VP MIS Key employee | 40 | $209,065 | $25,190 |
| MARC TOBIAS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $180,579 | $30,028 |
| BRENT WEITZBERG | VICE PRESIDENT, GOVERNMENT REL Highest-paid employee | 40 | $143,765 | $24,086 |
| KONSTANTINOS KANANIS | VICE PRESIDENT Highest-paid employee | 40 | $143,298 | $14,449 |
| BARBARA LEBOFF | PROJECT COORDINATOR Highest-paid employee | 40 | $115,925 | $17,660 |
| Martin K Birmingham | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Thomas L Amell | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Thomas J Murphy | Vice Chair (thru 5/15/23) Trustee or director, Officer | 2 | $0 | $0 |
| Christopher Becker | Treasurer & INVEST FUND CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| Michael J Gilfeather | Immediate Past Chair Trustee or director, Officer | 2 | $0 | $0 |
| Jeffrey H Barker | Past Chair (thru 12/10/23) Trustee or director | 2 | $0 | $0 |
| John R Buran | Past Chair Trustee or director | 2 | $0 | $0 |
| Gail E Cohen | Past Chair (thru 1/10/24) Trustee or director | 2 | $0 | $0 |
| Kevin M O'Connor | Past Chair (thru 1/10/24) Trustee or director | 2 | $0 | $0 |
| Martin A Dietrich | Past Chair Trustee or director | 2 | $0 | $0 |
| Thelma B Ferguson | Past Chair Trustee or director | 2 | $0 | $0 |
| Donald E Gibson | Past Chair Trustee or director | 2 | $0 | $0 |
| Stephen S Romaine | Past Chair Trustee or director | 2 | $0 | $0 |
| Charles V Wait | Past Chair Trustee or director | 2 | $0 | $0 |
| Anders M Tomson | GOVERNMENT RELATIONS CHAIR Trustee or director | 2 | $0 | $0 |
| Derrik R Wynkoop | GOVT RELATIONS VICE CHAIR Trustee or director | 2 | $0 | $0 |
| Sam Guerrieri | TRUST DIVISION CHAIR Trustee or director | 2 | $0 | $0 |
| Ruth H Mahoney | TRUST DIVISION VICE CHAIR Trustee or director | 2 | $0 | $0 |
| Michael Bingold | RETAIL DIVISION CHAIR Trustee or director | 2 | $0 | $0 |
| Jesse A Tomczak | RETAIL DIVISION CHAIR Trustee or director | 2 | $0 | $0 |
| Cheryl D Bowers | EDUCATION DIVISION VICE CHAIR Trustee or director | 2 | $0 | $0 |
| Thomas E Ganey | PROFIT SOLUTIONS DIV CHAIR Trustee or director | 2 | $0 | $0 |
| Michael J Horodyski | ASSET CLASS II REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| William C Calderara | ASSET CLASS IV REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| Mark E Tryniski | Asset Cl V rep (thru 1/10/24) Trustee or director | 2 | $0 | $0 |
| Richard J McCarthy Jr | ASSET CLASS VI REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| Cassandra A King | Asset Cl VII rep(thru 8/13/23) Trustee or director | 2 | $0 | $0 |
| Marc J Perez | ASSET CLASS VII REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| Frank H Hamlin III | Western Region Trustee or director | 2 | $0 | $0 |
| Mark R Lavarnway | Southern Tier & Central Region Trustee or director | 2 | $0 | $0 |
| Michael J Quinn | HUDSON VALLEY/WESTCHESTER REG Trustee or director | 2 | $0 | $0 |
| Howard P Milstein | New York City Region Trustee or director | 2 | $0 | $0 |
| Christopher C Giamo | At-Large Director Trustee or director | 2 | $0 | $0 |
| Michael T Pugh | At-Large Dir (thru 9/30/2023) Trustee or director | 2 | $0 | $0 |
| Ira D Robbins | At-Large Director Trustee or director | 2 | $0 | $0 |
990 for the year ended April 30, 2023: 47 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLARE CUSACK | President & CEO Officer | 40 | $753,607 | $41,758 |
| KAREN ARMSTRONG | EXECUTIVE VICE PRESIDENT Officer | 40 | $301,474 | $28,537 |
| NIALL O'HEGARTY | GENERAL COUNSEL Officer | 40 | $275,208 | $0 |
| DANIEL BABB | SENIOR VICE PRESIDENT Key employee | 40 | $235,535 | $25,312 |
| DRUCILLA MAHABIR | CONTROLLER & VP MS Key employee | 40 | $201,382 | $24,161 |
| MARC TOBIAS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $182,056 | $27,308 |
| KONSTANTINOS KANANIS | VICE PRESIDENT Highest-paid employee | 40 | $145,969 | $13,508 |
| DOROTHY HYNES | DIRECTOR Highest-paid employee | 40 | $122,142 | $19,652 |
| BARBARA LEBOFF | PROJECT COORDINATOR Highest-paid employee | 40 | $110,098 | $19,049 |
| MICHAEL J GILFEATHER | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| THOMAS J MURPHY | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARTIN K BIRMINGHAM | TREASURER & INVEST.FUND CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| THELMA B FERGUSON | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY H BARKER | PAST CHAIR Trustee or director | 2 | $0 | $0 |
| JOHN R BURAN | PAST CHAIR Trustee or director | 2 | $0 | $0 |
| GAIL E COHEN | PAST CHAIR Trustee or director | 2 | $0 | $0 |
| MARTIN A DIETRICH | PAST CHAIR Trustee or director | 2 | $0 | $0 |
| DONALD E GIBSON | PAST CHAIR Trustee or director | 2 | $0 | $0 |
| KEVIN M O'CONNOR | PAST CHAIR Trustee or director | 2 | $0 | $0 |
| STEPHEN S ROMAINE | PAST CHAIR Trustee or director | 2 | $0 | $0 |
| THOMAS W SCHNEIDER | PAST CHAIR (THRU 9/21/22) Trustee or director | 2 | $0 | $0 |
| CHARLES V WAIT | PAST CHAIR Trustee or director | 2 | $0 | $0 |
| ANDERS M TOMSON | GOVERNMENT RELATIONS CHAIR Trustee or director | 2 | $0 | $0 |
| DERRIK R WYNKOOP | GOVT RELATIONS VICE CHAIR Trustee or director | 2 | $0 | $0 |
| DANIEL J ARCIOLA JR | TRUST DIV CHAIR (THRU 2/14/22) Trustee or director | 2 | $0 | $0 |
| SALVATORE GUERRIERI | TRUST DIV CHAIR Trustee or director | 2 | $0 | $0 |
| RUTH H MAHONEY | TRUST DIV VICE CHAIR Trustee or director | 2 | $0 | $0 |
| MICHAEL BINGOLD | RETAIL DIVISION CHAIR Trustee or director | 2 | $0 | $0 |
| STEVEN G SANTINO | RETAIL DIV CHAIR(THRU 2/15/22) Trustee or director | 2 | $0 | $0 |
| JESSEE A TOMCZAK | RETAIL DIV VICE CHAIR Trustee or director | 2 | $0 | $0 |
| THOMAS L AMELL | EDUCATION DIV CHAIR Trustee or director | 2 | $0 | $0 |
| CHERYL D BOWERS | EDUCATION DIV VICE CHAIR Trustee or director | 2 | $0 | $0 |
| THOMAS E GANEY | PROFIT SOLUTIONS DIV CHAIR Trustee or director | 2 | $0 | $0 |
| MICHAEL J HORODYSKI | ASSET CLASS II REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| WILLIAM C CALDERARA | ASSET CLASS IV REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| MARK E TRYNISKI | ASSET CLASS V REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| RICHARD J MCCARTHY JR | ASSET CLASS VI REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| CASSANDRA A KING | ASSET CLASS VII REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| STEPHEN R RAYO | ASSET CL VII REP(THRU 8/18/22) Trustee or director | 2 | $0 | $0 |
| FRANK H HAMLIN III | WESTERN REGION Trustee or director | 2 | $0 | $0 |
| MARK R LAVARNWAY | SOUTHERN TIER & CENTRAL REGION Trustee or director | 2 | $0 | $0 |
| MICHAEL J QUINN | HUDSON VALLEY/WESTCHESTER REG Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER BECKER | LONG ISLAND REGION Trustee or director | 2 | $0 | $0 |
| HOWARD P MILSTEIN | NEW YORK CITY REGIION Trustee or director | 2 | $0 | $0 |
| CHRISTPHER C GIAMO | AT-LARGE-DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL T PUGH | AT-LARGE-DIRECTOR Trustee or director | 2 | $0 | $0 |
| IRA D ROBBINS | AT-LARGE-DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 99 PARK AVE RM 1700, NEW YORK, NY 10016-1351
- In care of
- % DRUCILLA MAHABIR
- Principal officer (990 for 2024)
- DRUCILLA MAHABIR, 99 PARK AVENUE SUITE 1700, NEW YORK, NY 10016
- Signed the 990
- DRUCILLA MAHABIR, CONTROLLER
- Phone
- (212) 297-1661
- Website
- WWW.NYBA.COM
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
SEE SCHEDULE O
Program accomplishments
- NYBA'S PRIMARY SERVICE IS TO PROMOTE THE GENERAL WELFARE AND USEFULNESS OF BANKS, TRUST COMPANIES AND BANKING ORGANIZATIONS AND ACTIVITIES CLOSELY RELATED TO BANKING AND FINANCIAL SERVICES AND TO ENCOURAGE THE HIGHEST POSSIBLE BANKING STANDARDS. NYBA IS A TRADE ASSOCIATION OF BANKS AND RELATED FINANCIAL INSTITUTIONS WHICH SHARE COMMON BUSINESS INTERESTS AND COMMON RESPONSIBILITIES TO GOVERNMENT, INDUSTRY AND COMMERCE AND TO CONSUMERS.
- NYBA OFFERED OVER 500 TRAINING PROGRAMS THROUGHOUT THE YEAR, AS WELL AS CONFERENCES AND MEETINGS TO SERVE VARIOUS SEGMENTS OF OUR MEMBERSHIP. A WIDE RANGE OF TRAINING PROGRAMS ARE OFFERED THROUGH OUR EDUCATION PARTNERS. CONFERENCES AND MEETINGS ARE DESIGNED IN-HOUSE BY NYBA. THE PROGRAMMING WAS MADE AVAILABLE IN THE CLASSROOM ONLINE VIA AUDIO CONNECTION AND SELF-STUDY. THE LARGER MEETING INCLUDED AN ANNUAL CONVENTION, A CONFERENCE TARGETED TO SPECIFIC INDUSTRY SEGMENTS, SUCH AS RETAIL AND SMALL BUSINESS, TRUST AND INVESTMENT, RISK MANAGEMENT, COMPLIANCE COMMUNITY BANK CEOS, LEADERSHIP DEVELOPMENT, DEI, HUMAN RESOURCES AND LEGISLATIVE ACTIVITY.
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 13-1882974
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $33,588,542
- Income (IRS master file)
- $20,286,642
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $6,887,573 | $5,298,186 | $33,588,542 | XML |
| 990 | April 2024 | $5,910,671 | $5,305,187 | $33,778,757 | XML |
| 990 | April 2023 | $5,032,932 | $5,385,273 | $32,873,037 | XML |
| 990 | April 2022 | $5,797,174 | $4,692,311 | $29,674,110 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | IRS |
| 990 | April 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 13-1882974).
Questions about NEW YORK BANKERS ASSOCIATION INC
- What is the EIN of NEW YORK BANKERS ASSOCIATION INC?
- The employer identification number (EIN) of NEW YORK BANKERS ASSOCIATION INC is 13-1882974.
- Is NEW YORK BANKERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
- Are donations to NEW YORK BANKERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW YORK BANKERS ASSOCIATION INC 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 YORK BANKERS ASSOCIATION INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW YORK BANKERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of NEW YORK BANKERS ASSOCIATION INC?
- The 990 for the year ended April 30, 2025 names DRUCILLA MAHABIR.
- Who are the officers and directors of NEW YORK BANKERS ASSOCIATION INC?
- The 990 for the year ended April 30, 2025 lists 37 people; 8 received compensation from the organization, the highest $751,527 (Clare M Cusack, President & CEO).
- How much revenue does NEW YORK BANKERS ASSOCIATION INC have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $6,887,573, expenses of $5,298,186 and total assets of $33,588,542 at year end.
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