Indiana Banker Association
- Assets
- $6.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Indianapolis, IN
- Founding
- 01/1964
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Indiana Banker Association generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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
2021
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 | $379,733 |
Paul Freeman Evp & CFO | Officer | 24 | $215,608 |
Rodney E Lasley Evp & COO | Officer | 24 | $146,160 |
Dax E Denton SVP - Government Relations | 40 | $144,558 | |
Laurie Rees VP - Education & Training | 2 | $129,816 | |
Garry D Kleer First Vice Chair | 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 | $1,294,559 |
| Investment income | $100,076 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $258,958 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,054,584 |
| 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. | $498,654 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,756 |
| Pension plan accruals and contributions | $96,624 |
| Other employee benefits | $192,497 |
| Payroll taxes | $42,697 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,459 |
| Fees for services: Accounting | $36,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,121 |
| Fees for services: Other | $76,775 |
| Advertising and promotion | $0 |
| Office expenses | $39,519 |
| Information technology | $74,373 |
| Royalties | $0 |
| Occupancy | $73,718 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,793 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,852 |
| Insurance | $20,636 |
| All other expenses | $0 |
| Total functional expenses | $1,922,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $823,138 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,163 |
| 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 | $95,025 |
| Net Land, buildings, and equipment | $110,435 |
| Investments—publicly traded securities | $3,780,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $932,147 |
| Total assets | $6,046,982 |
| Accounts payable and accrued expenses | $452,015 |
| Grants payable | $0 |
| Deferred revenue | $767,221 |
| 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 | $0 |
| Total liabilities | $1,219,236 |
| Net assets without donor restrictions | $4,827,746 |
| 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 | $6,046,982 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creating It Futures Foundation Inc Downers Grove, IL | $7,684,169 | $11,530,049 |
Indiana Banker Association Indianapolis, IN | $6,046,982 | $2,054,584 |
National Association Of Workforce Development Professionals Inc West Plains, MO | $1,404,345 | $1,257,977 |
Indiana Retired Teachers Association Indianapolis, IN | $2,923,970 | $978,467 |
Executive Women International Oconomowoc, WI | $1,251,946 | $526,367 |
Mechanical Industry Promotion Fund Of Kentucky Louisville, KY | $863,956 | $542,987 |
Society Of Ob-Gyn Hospitalists East Dundee, IL | $528,706 | $489,603 |
Elevate Ccic Inc Mattoon, IL | $134,748 | $283,695 |
West Suburban Association Of Plumbing Contractors Chicago, IL | $33,975 | $211,376 |
Illinois Community Health Workers Association Chicago, IL | $258,779 | $174,459 |
Christian Business Fellowship Elgin, IL | $170,924 | $276,267 |
Greater Englewood Chamber Of Commerce Chicago, IL | $134,064 | $271,540 |