Independent Community Banks Of North Dakota

Organization Overview

Independent Community Banks Of North Dakota is located in Bismarck, ND. The organization was established in 1977. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Independent Community Banks Of North Dakota employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Community Banks Of North Dakota 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, Independent Community Banks Of North Dakota generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE INFORMATION, SEMINARS, AND EDUCATION FOR MEMBER BANKS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION SPONSORS AN ANNUAL CONVENTION WITH AN APPROXIMATE ATTENDANCE OF 300. THE ORGANIZATION ALSO SPONSORS SEMINARS THROUGHOUT THE YEAR WITH AN APPROXIMATE ATTENDANCE OF 500-600. ACTIVITIES ARE HELD FOR THE PURPOSE OF EXCHANGING IDEAS, EDUCATION, AND INFORMATION.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $40,000
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$40,000
Total Program Service Revenue$950,495
Investment income $8,215
Tax Exempt Bond Proceeds $0
Royalties $67,400
Net Rental Income $16,072
Net Gain/Loss on Asset Sales $16,357
Net Income from Fundraising Events $0
Net Income from Gaming Activities -$2,620
Net Income from Sales of Inventory $176,434
Miscellaneous Revenue$0
Total Revenue $1,272,353

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