Skip to the page content
Your donations
Check before you give

Midlantic Banking and Finance Network Inc

EIN 23-2198324 · Wayne, PA

Public records raise at least one point you should look into before giving.

LegitimacyCautionRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceNot ratedToo small or too little detailImpact evidenceDescribes programsHow well its results are evidenced

What it says it does

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

Income
$55,291
Spending
$67,984
Employees
0
Volunteers
19

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate

Governance

This return does not answer enough of the governance questions to score.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $23,079 spent. 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.
  2. $11,905 spent. 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.
  3. $6,458 spent. 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.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Caution.

    The IRS master file records contributions to this 501(c)(6) business league as not deductible.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 1982.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.