Indiana Banker Association
- Assets
- $6.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Indianapolis, IN
- Founding
- 01/1964
- Data as of
- 12/2022
- EIN
- 35-0407470
Organization Overview
Indiana Banker Association is located in Indianapolis, IN. The organization was established in 1964. According to its NTEE Classification (J03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Employment and related organizations. As of 12/2022, Indiana Banker Association employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Banker Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Indiana Banker Association generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADVOCACY, QUALITY EDUCATION, AND KNOWLEDGE-SHARING TO INDIANA'S BANKING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEMBERS WITH REFERENCE MATERIALS, MAGAZINES AND MANUALS RELATING TO THE BANKING BUSINESS AND EDUCATIONAL PROGRAMS FOR NETWORKING AND TRADE OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Van Til President & CEO | OfficerTrustee | 24 | $412,894 |
Benjamin J Bochnowski Second Vice Chairman | OfficerTrustee | 1 | $0 |
David M Findlay Board Member | Trustee | 1 | $0 |
Garry D Kleer Chairman | OfficerTrustee | 1 | $0 |
Gregory Inman Board Member | Trustee | 1 | $0 |
Jamie Shinabarger First Vice Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,403,215 |
| Investment income | $160,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $272,952 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,288,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $492,030 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,689 |
| Pension plan accruals and contributions | $399,714 |
| Other employee benefits | $282,487 |
| Payroll taxes | $46,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,815 |
| Fees for services: Accounting | $35,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,958 |
| Fees for services: Other | $53,962 |
| Advertising and promotion | $0 |
| Office expenses | $39,939 |
| Information technology | $63,428 |
| Royalties | $0 |
| Occupancy | $88,653 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148,965 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,289 |
| Insurance | $17,975 |
| All other expenses | $0 |
| Total functional expenses | $2,624,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $736,964 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $232,839 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $102,811 |
| Net Land, buildings, and equipment | $62,146 |
| Investments—publicly traded securities | $2,586,303 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,949,819 |
| Total assets | $6,670,882 |
| Accounts payable and accrued expenses | $200,916 |
| Grants payable | $0 |
| Deferred revenue | $908,664 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,541,673 |
| Total liabilities | $2,651,253 |
| Net assets without donor restrictions | $4,019,629 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,670,882 |