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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 23-2198324

MIDLANTIC BANKING AND FINANCE NETWORK INC

Also known as PHILADELPHIA

Tax-exempt · WAYNE, PA 19087

Financials

$55K$68K2024
Revenue Expenses · by fiscal year end
Financials of MIDLANTIC BANKING AND FINANCE NETWORK INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$55,291$67,984-$12,693$282,772$48,860$233,912
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$34,775
Membership dues
$5,885
Program service revenue
$15,210
Investment income
$7,080
Net income from fundraising events
-$1,774
Other revenue
-$1,774

Expenses

Grants and similar amounts paid
$11,000
Benefits paid to members
$2,690
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Travel
$20,975
Program services (functional)
$67,984

Balance sheet and other

Total assets, start of year
$274,864
Total assets, end of year
$282,772
Total liabilities, end of year
$48,860
Net assets, end of year
$233,912
Gross receipts
$78,370
Employees
0
Volunteers
19

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.

NameTitleHours / weekCompensation
John CarrozzaDirector
Trustee or director
0$0
Lisa ThouinDirector
Trustee or director
0$0
Shannon CrollDirector
Trustee or director
0$0
Larry DavisDirector
Trustee or director
0$0
Rob GalbreathDirector
Trustee or director
0$0
Dorothy JaworskiDirector
Trustee or director
0$0
Denise LindsayDirector
Trustee or director
0$0
Patrick MulloyDirector
Trustee or director
0$0
Jonathan SundbergDirector
Trustee or director
0$0
Bill McGettiganDirector
Trustee or director
0$0
Virginia WrightPresident
Officer
0$0
Falesha GrastyVice-President
Officer
0$0
Rosemary OndeckTreasurer
Officer
0$0
Brenden WhalenSecretary
Officer
0$0

Address and contacts

Address (IRS master file)
656 E SWEDESFORD RD STE 200, WAYNE, PA 19087-1622
In care of
% CHRISTINE A FUNKHOUSER
Principal officer (990 for 2024)
Falesha Grasty, 656 E Swedesford Road200, Wayne, PA 19087
Signed the 990
Falesha Grasty, Vice President
Phone
(484) 395-4048
Return prepared by
GLOBAL TAX MANAGEMENT INC

Mission

THE CORPORATION IS INCORPORATED UNDER THE NONPROFIT CORPORATION LAW OF THE COMMONWEALTH OF PENNSYLVANIA FOR THE FOLLOWING PURPOSE OR PURPOSES: A) TO STUDY OPERATIONS, FINANCIAL MANAGEMENT, SYSTEMS, PROCEDURES, ACCOUNTING, AUDITING, AND DATA PROCESSING TECHNIQUES USED BY FINANCIAL INSTITUTIONS, AND TO DEVISE WAYS AND MEANS OF IMPROVING THE SAME. B) TO PROMOTE HIGH STANDARDS OF PRACTICE IN OPERATIONS, SYSTEMS, PROCEDURES, FINANCIAL MANAGEMENT, ACCOUNTING, AUDITING, AND DATA PROCESSING. C) TO FURTHER THE PROFESSIONAL DEVELOPMENT OF OPERATIONS AND FINANCIAL EXECUTIVES, CONTROLLERS, TREASURERS, ACCOUNTANTS, AUDITORS, AND SYSTEMS PERSONNEL EMPLOYED BY FINANCIAL INSTITUTIONS AND SUPPORTIVE ORGANIZATIONS. D) TO UTILIZE THE PROFESSIONAL ABILITIES AND SPECIALIZED SKILLS WITHIN THE MEMBERSHIP, AND TO IMPROVE AND COORDINATE THE LAWS, REGULATIONS, AND SUPERVISORY PROCEDURES AFFECTING THE OPERATIONS MEMBERS' ORGANIZATIONS. E) TO PROVIDE A FORUM FOR THE EXCHANGE OF INFORMATION AND THE SHARING OF EXPE

990 for the year ended June 30, 2025

Program accomplishments

  • Program: August Golf Outing Date: 8/5/2024 No. of Attendees: 79 Expenses: $23,079 Description: Annual golf outing for FMS members and sponsors. We had breakfast, lunch, golf outing and dinner. The educational event, sponsored by FHLB Pittsburgh, covered regional economic and banking topics.
    Expenses $23,079
  • Program: December - 2024 FMS Holiday Party Date: December 5, 2024 No. of Attendees: 52 Expenses: $11,905 Description: Snodgrass and Cherry Bekaert sponsored the annual holiday party with guest speaker Joe Watson, Philadelphia Flyers hockey player and author.
    Expenses $11,905
  • Program: Annual Economic Update and Past Presidents' Night Date: February 19, 2025 No. of Attendees: 50 Expenses: $6,458 Description: Understanding what is going on in the global economy and financial markets and how it affects your financial institution is an ongoing challenge.
    Expenses $6,458

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

File the 2025 990-EZ for MIDLANTIC BANKING AND FINANCE NETWORK INC

Due November 16, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
23-2198324
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1982
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$282,772
Income (IRS master file)
$78,370

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024–––IRS
990June 2023$65,255$87,867$307,665IRS
990June 2022$72,364$73,202$252,536IRS
990June 2021–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about MIDLANTIC BANKING AND FINANCE NETWORK INC

What is the EIN of MIDLANTIC BANKING AND FINANCE NETWORK INC?
The employer identification number (EIN) of MIDLANTIC BANKING AND FINANCE NETWORK INC is 23-2198324.
Is MIDLANTIC BANKING AND FINANCE NETWORK INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1982.
Are donations to MIDLANTIC BANKING AND FINANCE NETWORK INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MIDLANTIC BANKING AND FINANCE NETWORK 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 MIDLANTIC BANKING AND FINANCE NETWORK INC 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 MIDLANTIC BANKING AND FINANCE NETWORK INC 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 MIDLANTIC BANKING AND FINANCE NETWORK INC?
The 990 for the year ended June 30, 2025 names Falesha Grasty.
Who are the officers and directors of MIDLANTIC BANKING AND FINANCE NETWORK INC?
The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
How much revenue does MIDLANTIC BANKING AND FINANCE NETWORK INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $55,291, expenses of $67,984 and total assets of $282,772 at year end.

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