Independent Community Bankers Association Of South Dakota is located in Watertown, SD. The organization was established in 1993. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Community Bankers Association Of South 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 12/2021, Independent Community Bankers Association Of South Dakota generated $390.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $338.4k during the year ending 12/2021. While expenses have increased by 12.0% 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
TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL SEMINARS AND RETREATS FOR MEMBERS TO ENHANCE BETTER BUSINESS PRACTICES AND CONTINUITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Megan Olson Executive Director | Officer | 40 | $96,058 |
Brian Gilbert Chairman | OfficerTrustee | 1 | $0 |
Dillon Kjerstad Vice Chairman | OfficerTrustee | 1 | $0 |
Josh Hogue Secretary/treasurer | OfficerTrustee | 1 | $0 |
Roger Weber Immediate Past Chairman | Trustee | 1 | $0 |
Monte Troske Honorary Past Chairman | Trustee | 1 | $0 |
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 | $386,813 |
Investment income | $3,196 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $390,009 |
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. | $101,108 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $7,685 |
Payroll taxes | $7,393 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,784 |
Fees for services: Lobbying | $18,250 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $51,227 |
Advertising and promotion | $3,022 |
Office expenses | $11,792 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $3,600 |
Travel | $5,961 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $16,370 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $143 |
Insurance | $1,631 |
All other expenses | $9,987 |
Total functional expenses | $338,436 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $488,040 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,000 |
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 | $1,487 |
Net Land, buildings, and equipment | $214 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $492,741 |
Accounts payable and accrued expenses | $13,447 |
Grants payable | $0 |
Deferred revenue | $24,075 |
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 | $37,522 |
Net assets without donor restrictions | $455,219 |
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 | $492,741 |
Organization Name | Assets | Revenue |
---|---|---|
Impact Community Action Partnership Inc Des Moines, IA | $12,202,614 | $39,610,263 |
360 Communities Burnsville, MN | $3,339,233 | $6,729,234 |
North Dakota Association Of Rural Cooperatives Mandan, ND | $8,007,431 | $4,395,007 |
Urban Homeworks Inc Minneapolis, MN | $14,877,768 | $4,422,020 |
South Dakota Rural Electric Association Inc Pierre, SD | $1,829,907 | $2,997,836 |
Minnesota Housing Partnership Saint Paul, MN | $2,330,685 | $2,401,116 |
South Dakota Association Of Rural Water Systems Madison, SD | $2,366,062 | $2,648,175 |
Nebraska Rural Electric Association Lincoln, NE | $1,967,725 | $2,435,267 |
Jewish Community Relations Council Minnesota & The Dakotas Minneapolis, MN | $2,105,786 | $2,086,548 |
Wyoming Association Of Rural Water Systems Glenrock, WY | $1,132,119 | $1,583,211 |
Citizens League St Paul, MN | $906,075 | $958,282 |
Wyoming Rural Electric Assn Cheyenne, WY | $771,178 | $898,754 |