North Dakota Bankers Association
- Assets
- $3.9m
- Revenue
- $1.7m
- Investments
- $1.2m
- Employees
- 7
- Location
- Bismarck, ND
- Founding
- 07/1942
- Data as of
- 07/2022
- EIN
- 45-0172930
Organization Overview
North Dakota Bankers Association is located in Bismarck, ND. The organization was established in 1942. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 07/2022, North Dakota Bankers Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Dakota Bankers 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 07/2022, North Dakota Bankers Association generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.7m during the year ending 07/2022. While expenses have increased by 1.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION TO ITS MEMBERS THROUGH CONFERENCES, SEMINARS, MAILINGS AND TO PROMOTE THE BANKING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION TO MEMBERS AND PROMOTE THE BANKING INDUSTRY TO THE PUBLIC THROUGH CONFERENCES, SEMINARS AND MAILINGS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Clayburgh President/ceo | OfficerTrustee | 31.6 | $225,206 |
Lori Leingang Director | Trustee | 2 | $0 |
Drew Olafson Director | Trustee | 2 | $0 |
Joe Watzke Director | Trustee | 2 | $0 |
Kathy Torske Chair | Trustee | 2 | $0 |
Tory Hart Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,000 |
| 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 | $49,000 |
| Total Program Service Revenue | $1,354,806 |
| Investment income | $8,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,718,847 |
| 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. | $270,522 |
| Compensation of current officers, directors, key employees. | $159,608 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,427 |
| Pension plan accruals and contributions | $49,245 |
| Other employee benefits | $57,591 |
| Payroll taxes | $32,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,060 |
| Fees for services: Accounting | $11,152 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,702 |
| Office expenses | $49,125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,635 |
| Travel | $36,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,026 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,466 |
| Insurance | $0 |
| All other expenses | $9,572 |
| Total functional expenses | $1,730,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,617 |
| Savings and temporary cash investments | $1,200,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $424,071 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $56,236 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,309 |
| Net Land, buildings, and equipment | $655,784 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,230,649 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,708 |
| Total assets | $3,870,374 |
| Accounts payable and accrued expenses | $107,010 |
| Grants payable | $0 |
| Deferred revenue | $601,184 |
| 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 | $11,721 |
| Total liabilities | $719,915 |
| Net assets without donor restrictions | $3,150,459 |
| 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 | $3,870,374 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Association Of Counties Helena, MT | $2,827,147 | $4,612,611 |
Minnesota Bankers Association Eden Prairie, MN | $8,043,309 | $3,421,584 |
Minnesota Rural Water Association Elbow Lake, MN | $3,077,826 | $3,261,922 |
Minnesota Telephone Association Inc Stpaul, MN | $1,279,282 | $1,707,745 |
North Dakota Bankers Association Bismarck, ND | $3,870,374 | $1,718,847 |
South Dakota Bankers Association Pierre, SD | $4,336,502 | $1,608,814 |
Western Telecommunications Alliance Helena, MT | $1,398,398 | $1,265,973 |
National Electrical Contractors Assn Twin Ports Arrowhead Duluth, MN | $1,231,226 | $552,546 |
Montana Telecommunications Association Helena, MT | $284,810 | $461,019 |
National Association Of Government Communicators Inc Minneapolis, MN | $153,595 | $240,569 |
Brotherhood Of Railroad Signalmen Andover, MN | $165,542 | $227,865 |
Retired Enlisted Association Rapid City, SD | $1,839,638 | $141,519 |