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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dawn Flaten-Immediate Past Chair(jan-Aug)/past Chair(aug-Dec) | OfficerTrustee | 1 | $0 |
Brad Streifel-Chaimanjan-Aug /immediate Past Chairman (aug-Dec) | OfficerTrustee | 1 | $0 |
Jason Johnson-Chairman (aug-Dec)/chairman Elect (jan-Aug) | OfficerTrustee | 1 | $0 |
Charlotte Aldinger-Chairman Elect(aug-Dec)/vice Chairman (jan-Aug) | OfficerTrustee | 1 | $0 |
Chad Aberle Past Chairman | OfficerTrustee | 1 | $0 |
Sarah Getzlaff-Director (jan-Aug)/vice Chairman (aug-Dec) | OfficerTrustee | 1 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $3,500 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $213,932 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $451,273 |
Pension plan accruals and contributions | $17,493 |
Other employee benefits | $63,934 |
Payroll taxes | $48,105 |
Fees for services: Management | $0 |
Fees for services: Legal | $50 |
Fees for services: Accounting | $16,839 |
Fees for services: Lobbying | $147 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,648 |
Office expenses | $18,919 |
Information technology | $3,998 |
Royalties | $0 |
Occupancy | $20,012 |
Travel | $76,608 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $163,567 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $18,328 |
Insurance | $6,329 |
All other expenses | $24,332 |
Total functional expenses | $1,185,048 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $393,676 |
Savings and temporary cash investments | $125,404 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $89,240 |
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 | $19,198 |
Net Land, buildings, and equipment | $618,287 |
Investments—publicly traded securities | $476,959 |
Investments—other securities | $338,563 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,061,327 |
Accounts payable and accrued expenses | $72,607 |
Grants payable | $0 |
Deferred revenue | $211,744 |
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 | $284,351 |
Net assets without donor restrictions | $1,776,976 |
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 | $2,061,327 |