Independent Community Bankers Association Of South Dakota

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Megan Olson
Executive Director
$96,058
Brian Gilbert
Chairman
$0
Dillon Kjerstad
Vice Chairman
$0
Josh Hogue
Secretary/treasurer
$0
Roger Weber
Immediate Past Chairman
$0
Monte Troske
Honorary Past Chairman
$0

Financial Statements

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

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