Connecticut Community Bankers Association

“Membership in Connecticut Community Bankers Association is open to all financial institutions in the State of Connecticut having total assets of $5 billion or less, as of the prior year end, upon a letter requesting membership, payment of dues, and acceptance by the Executive Committee. Non-financial institutions may be admitted as nonvoting members of the Association.”

“All voting members of Connecticut Community Bankers Association are eligible to vote for the directors at the organization's annual meeting.”

“The Form 990 is prepared by an outside independent accounting firm and provided to the full Board for review before it is filed with the IRS.”

“The organization makes its governing documents available upon request.”

“The Connecticut Community Bankers Association (EIN: 22-3050651) is a 501(c)(6) tax-exempt organization that operates on a fiscal year ending June 30. After filing its 2017 tax return (fiscal year ending June 30, 2018), the Association discovered that there was an error in its Bank Account Reconciliation. Specifically, the Association found that $22,881 of conference expenses were inadvertently double-booked, and recorded as separate and unique disbursements in two different months. Accordingly, due to this administrative error, the Association's expenditures, as detailed on its 2017 Form 990, Part IX, were overstated. Likewise, the cash and net asset amounts on its 2017 Form 990, Part X, Line 1 and 27 were also understated as a result of the double-booked expenses. It was during the information gathering process for the Association's 6/30/19 Form 990 filing that it discovered the double counting error and immediately corrected it by filing this amended return. Changes between the originally filed 2017 Form 990 for the Association, as compared to this Amended tax filing, are as follows: Form 990, Page 10, Part IX: Statement of Functional Expenses Line 19, Conferences, conventions, and meetings (original) - $112,085 Line 19, Conferences, conventions, and meetings (amended) - $89,204 Form 990, Page 11, Part X: Balance Sheet Line 1, Cash, non-interest bearing (original) - $137,602 Line 1, Cash, non-interest bearing (amended) - $160,483 Line 27, Unrestricted Net Assets (original) - $315,867 Line 27, Unrestricted Net Assets (amended) - $338,748 There are no additional changes to the Association's 2017 Form 990 as Amended other than those described above.”