Missouri Independent Bankers Association Incorporated
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Jefferson City, MO
- Founding
- 04/1975
- Data as of
- 12/2023
- EIN
- 43-1035827
Organization Overview
Missouri Independent Bankers Association Incorporated is located in Jefferson City, MO. The organization was established in 1975. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Missouri Independent Bankers Association Incorporated employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Independent Bankers Association Incorporated 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 12/2023, Missouri Independent Bankers Association Incorporated generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 2.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION OF THE GENERAL WELFARE OF INDEPENDENT BANKS AND BANKING INSTITUTIONS THROUGHOUT THE STATE OF MISSOURI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN ANNUAL CONVENTION IS HELD IN SEPTEMBER EACH YEAR. THIS ANNUAL CONVENTION CREATES AN ATMOSPHERE TO SOCIALIZE, DISCUSS PROBLEMS, EXCHANGE NEW IDEAS, AND PARTICIPATE IN PROGRAMS FEATURING BOTH STATE AND ELECTED OFFICIALS AND REGULATORS OF THE BANKING INDUSTRY IN MISSOURI. BANK-RELATED BUSINESSES PROVIDING PRODUCTS AND SERVICES ARE ENCOURAGED TO PARTICIPATE IN THE EXHIBIT AND TRADE SHOW AT THE ANNUAL CONVENTION. SPECIAL INFORMATION AND EDUCATIONAL PROGRAMS ARE HELD IN CONJUNCTION WITH THIS ANNUAL MEETING. IN 2023, THERE WERE APPROXIMATELY 50 EXHIBITORS, 134 BANKERS REGISTERED, AND 33 OTHER REGISTRATIONS.
THE ASSOCIATION OFFERS A WORKSHOP FOR MEMBER BANKS' BOARD OF DIRECTORS EACH YEAR IN THE SPRING AT A LOCATION CONVENIENT TO THE STATEWIDE MEMBERSHIP. WORKSHOP DIRECTORS AND MANAGEMENT ARE PRESENTED IN AN INFORMAL AND RELAXED ATMOSPHERE. IN 2023, THERE WERE 112 PARTICIPANTS.
THE ASSOCIATION'S EDUCATION PROGRAM PROVIDES TELEPHONE, ON-DEMAND WEB LINKS, AND AUDIO-VISUAL CD-ROM SEMINARS. THESE SEMINARS ARE AFFORDABLE, EFFICIENT, AND EFFECTIVE TRAINING OPPORTUNITIES BROUGHT IN-HOUSE TO COMMUNITY BANKS. ONE OR TWO LIVE SEMINARS PRESENTED VIA TELEPHONE, INTERNET OR CD-ROM ARE OFFERED EACH WEEK. THE ASSOCIATION ALSO HOLDS AN ANNUAL SECURITY CONFERENCE FOR COMMUNITY BANK SECURITY OFFICERS. TOPICS FOCUS ON BOTH BANK SECURITY AND IT SECURITY. THE ASSOCIATION ALSO HOLDS A LEGAL AND COMPLIANCE UPDATE ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Ruge Executive Dir. | Officer | 40 | $175,369 |
Brian Alderton Director | Trustee | 0.5 | $0 |
David Alderton Jr Director | Trustee | 0.5 | $0 |
James Anderson Director | Trustee | 0.5 | $0 |
Joe Armour Director | Trustee | 0.5 | $0 |
Kristin Beckmeyer Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $362,115 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,115 |
| Total Program Service Revenue | $750,532 |
| Investment income | $5,220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $139,058 |
| Net Rental Income | -$10,408 |
| Net Gain/Loss on Asset Sales | $29,064 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,316,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $202,869 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,149 |
| Pension plan accruals and contributions | $9,908 |
| Other employee benefits | $5,211 |
| Payroll taxes | $26,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,465 |
| Fees for services: Lobbying | $641 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,014 |
| Advertising and promotion | $1,109 |
| Office expenses | $72,504 |
| Information technology | $39,777 |
| Royalties | $0 |
| Occupancy | $34,632 |
| Travel | $84,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $519,322 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,050 |
| Insurance | $1,575 |
| All other expenses | $343 |
| Total functional expenses | $1,286,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,011 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $889,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,523 |
| Total assets | $1,114,725 |
| Accounts payable and accrued expenses | $30,887 |
| Grants payable | $0 |
| Deferred revenue | $157,263 |
| 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 | $4,669 |
| Total liabilities | $192,819 |
| Net assets without donor restrictions | $0 |
| 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 | $921,906 |
| Total liabilities and net assets/fund balances | $1,114,725 |