Civic Intelligence

Connecticut Community Bankers Association

990 • Fiscal year 2022 • EIN 22-3050651

Jul 01, 2021 to Jun 30, 2022 • Filed on May 02, 2023

Organization Profilewww.ctcba.com
co Milford Bank 33 Broad StreetMilford, CT 06460

(203) 783-5700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.02x

Higher debt load relative to assets than 58% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.02x

Higher debt load relative to revenue than 61% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

84th percentile

25%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

83rd percentile

28%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

1759%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$416,371

Up $90,059 (+28%) from 2021

Net Assets

Up

$409,345

Up $83,033 (+25%) from 2021

Liabilities

Up

$7,026

Up $7,026 from 2021

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin84th percentile

Revenue

Up

$329,367

Up $311,654 (+1759%) from 2021

Expenses

Up

$246,334

Up $210,261 (+583%) from 2021

Net Income

Up

$83,033

Up $101,393 (+552%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2012: $100,880Liabilities 2012: $0Net Assets 2012: $100,8802012Assets 2013: $63,494Liabilities 2013: $0Net Assets 2013: $63,4942013Assets 2014: $153,507Liabilities 2014: $0Net Assets 2014: $153,5072014Assets 2015: $258,963Liabilities 2015: $0Net Assets 2015: $258,9632015Assets 2016: $318,396Liabilities 2016: $0Net Assets 2016: $318,3962016Assets 2017: $356,980Liabilities 2017: $0Net Assets 2017: $356,9802017Assets 2018: $338,748Liabilities 2018: $0Net Assets 2018: $338,7482018Assets 2019: $357,376Liabilities 2019: $0Net Assets 2019: $357,3762019Assets 2020: $344,672Liabilities 2020: $0Net Assets 2020: $344,6722020Assets 2021: $326,312Liabilities 2021: $0Net Assets 2021: $326,3122021Assets 2022: $416,371Liabilities 2022: $7,026Net Assets 2022: $409,3452022Assets 2023: $437,381Liabilities 2023: $43,557Net Assets 2023: $393,8242023Assets 2024: $305,232Liabilities 2024: $47,876Net Assets 2024: $257,3562024

Highlighted filing

2022

Assets$416,371
Liabilities$7,026
Net Assets$409,345
Open 2022 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $291,002Expenses 2012: $287,312Net Income 2012: $3,6902012Revenue 2013: $315,581Expenses 2013: $352,967Net Income 2013: -$37,3862013Revenue 2014: $332,687Expenses 2014: $242,674Net Income 2014: $90,0132014Revenue 2015: $344,034Expenses 2015: $238,578Net Income 2015: $105,4562015Revenue 2016: $350,826Expenses 2016: $291,393Net Income 2016: $59,4332016Revenue 2017: $323,218Expenses 2017: $284,634Net Income 2017: $38,5842017Revenue 2018: $323,410Expenses 2018: $341,642Net Income 2018: -$18,2322018Revenue 2019: $307,258Expenses 2019: $288,630Net Income 2019: $18,6282019Revenue 2020: $131,743Expenses 2020: $144,447Net Income 2020: -$12,7042020Revenue 2021: $17,713Expenses 2021: $36,073Net Income 2021: -$18,3602021Revenue 2022: $329,367Expenses 2022: $246,334Net Income 2022: $83,0332022Revenue 2023: $276,503Expenses 2023: $292,024Net Income 2023: -$15,5212023Revenue 2024: $272,005Expenses 2024: $408,473Net Income 2024: -$136,4682024

Highlighted filing

2022

Revenue$329,367
Expenses$246,334
Net Income$83,033
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 2, 2023
Return Version
2021v4.2
Gross Receipts
$329,367
Mission and Program Overview

Mission

The Connecticut Community Bankers Association (CCBA) is committed to encouraging the continuous improvement of safe and sound business principles and practices for its members to help them better serve the families and small businesses in their communities.

To provide a forum in which bankers can develop and exchange ideas and experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$237,269$238,638▲ $1,369
Cash and Non-Interest-Bearing Accounts$89,043$177,733▲ $88,690
Total Assets$326,312$416,371▲ $90,059
Liabilities
Accounts Payable and Accrued Expenses$0$7,026▲ $7,026
Total Liabilities$0$7,026▲ $7,026
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$326,312$409,345▲ $83,033
Total Net Assets Fund Balance$326,312$409,345▲ $83,033
Total Liabilities and Net Assets / Fund Balance$326,312$416,371▲ $90,059
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Susan ShieldsPresident
Timothy P GeelanVice President
David RotatoriDirector
Ken WeinsteinDirector
Richard J Cantele JrDirector
Stephen L LewisDirector
Steve ReillyDirector
George W HermannDirector (part year)
Martin J GeitzDirector (part year)
Lesa VanottiSecretary
Barry AbramowitzSecretary (part year)
Martin MorgadoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$327,999
Investment Income
$1,368
Other Revenue
$0
Change in Net Assets
$83,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$238,834
Grants and Similar Amounts Paid$7,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$194,875
Fees for Services Other---$37,500
Grants to Domestic Orgs---$7,500
Insurance---$2,303
Fees for Services Accounting---$1,850
Information Technology---$1,401
Office Expenses---$905
Total Functional Expenses$0$0$0$246,334
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The V FoundationCary, NC501(c)(3)General Support$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“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.”

Form 990, Part VI, Section A, line 7A

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

Form 990, Part VI, Section B, line 11B

“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.”

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
Connecticut Community
EIN
22-3050651
Phone
2037835700
Address
co Milford Bank 33 Broad Street, Milford, CT 06460

Signing Officer

Name
Susan L Shields
Title
President
Phone
2037835700
Signed
2023-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Shields
Formed
1993
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
12

Preparer

Firm
Baker Newman & Noyes
Address
133 FEDERAL STREET SUITE 902, BOSTON, MA 02110
Preparer
Connor Smart
Phone
6175563900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Professional and contracted services 37,500.”

Raw XML Appendix346 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Martin Morgado Treasurer
IRS990/BooksInCareOfDetail/PhoneNum02037835700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0c/o Milford Bank 33 Broad Street
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IRS990/Desc0Connecticut Community Bankers Association (CCBA) promotes the highest standards of professional conduct. CCBA provides a forum in which bankers can develop and exchange ideas and experience, programs which will enhance the professional expertise of bankers at all levels, cooperation with other professional organizations for the mutual benefit and professional development of our members, and outlets to liaison with regulators in developing a mutual understanding of issues confronting our industry.
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IRS990/Form990PartVIISectionAGrp/PersonNm4Steve Reilly
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director (part year)
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director (part year)
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Secretary (part year)
IRS990/Form990PartVIISectionAGrp/TitleTxt11Secretary
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IRS990/MissionDesc0The Connecticut Community Bankers Association (CCBA) is committed to encouraging the continuous improvement of safe and sound business principles and practices for its members to help them better serve the families and small businesses in their communities.
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The V Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0133705951
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt014600 Weston Parkway
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Cary
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Association may from time-to-time pay awards and grants to 501(c)(3) public charities or other qualified recipients that advance missions and causes that align with the values of the Association. Any charitable grants paid by the Association are accounted for and tracked in its books and records, and all payments are subject to the review and approval of the Association's Board of Directors and Officers.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
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IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Membership 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All voting members of Connecticut Community Bankers Association are eligible to vote for the directors at the organization's annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Professional and contracted services 37,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0326312
IRS990/TotalAssetsEOYAmt0416371
IRS990/TotalAssetsGrp/BOYAmt0326312
IRS990/TotalAssetsGrp/EOYAmt0416371
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0246334
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt07026
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt07026
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0326312
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0409345
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0327999
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01368
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0327999
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0329367
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0326312
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0416371
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0c/o Milford Bank 33 Broad Street
IRS990/USAddress/CityNm0Milford
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006460
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.ctcba.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Susan L Shields
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02037835700
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Connecticut Community
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Bankers Association
ReturnHeader/Filer/BusinessNameControlTxt0CONN
ReturnHeader/Filer/EIN0223050651
ReturnHeader/Filer/PhoneNum02037835700
ReturnHeader/Filer/USAddress/AddressLine1Txt0co Milford Bank 33 Broad Street
ReturnHeader/Filer/USAddress/CityNm0Milford
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006460
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010494526
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER NEWMAN & NOYES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0133 FEDERAL STREET SUITE 902
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002110
ReturnHeader/PreparerPersonGrp/PhoneNum06175563900
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Connor Smart
ReturnHeader/ReturnTs02023-05-02T09:19:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Susan
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Shields
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$416,371
Liabilities
$7,026
Net assets
$409,345
Revenue
$329,367
Expenses
$246,334
Net income
$83,033
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.48$2.57$2.72$4.08$1.36
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.37$0.44$3.94$2.77$2.92$0.16
2022Detailed filing. Detailed filing data is available for this year.$4.16$0.07$4.09$3.29$2.46$0.83
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.26$0.00$3.26$0.18$0.36$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.45$0.00$3.45$1.32$1.44$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.57$0.00$3.57$3.07$2.89$0.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$0.00$3.39$3.23$3.42$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.57$0.00$3.57$3.23$2.85$0.39
2016Detailed filing. Detailed filing data is available for this year.$3.18$0.00$3.18$3.51$2.91$0.59
2015Summary only. Only limited summary data is available for this year.$2.59$0.00$2.59$3.44$2.39$1.05
2014Summary only. Only limited summary data is available for this year.$1.54$0.00$1.54$3.33$2.43$0.90
2013Summary only. Only limited summary data is available for this year.$0.63$0.00$0.63$3.16$3.53$0.37
2012Summary only. Only limited summary data is available for this year.$1.01$0.00$1.01$2.91$2.87$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)6 • <$500k nonprofits