Independent Bankers Association Of Texas
- Assets
- $7.4m
- Revenue
- $5.5m
- Investments
- $3.7k
- Employees
- 31
- Location
- Austin, TX
- Founding
- 03/1976
- Data as of
- 12/2021
- EIN
- 75-1459906
Organization Overview
Independent Bankers Association Of Texas is located in Austin, TX. The organization was established in 1976. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Independent Bankers Association Of Texas employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Bankers Association Of Texas 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 Bankers Association Of Texas generated $5.5m 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 $4.9m during the year ending 12/2021. 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
PROMOTE AND PROTECT THE INTEREST OF INDEPENDENT BANKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTION: IBAT SPONSORS AN ANNUAL CONVENTION AND CONFERENCES EACH FALL FOR ITS MEMBERS. THE MEMBERS RECEIVE UPDATES ON CURRENT ECONOMIC, REGULATORY, AND MARKETING ISSUES FOR BANKING. THE CONVENTION ALLOWS MEMBERS TO INTERFACE WITH EACH OTHER, ASSOCIATION STAFF, AND VARIOUS BANKING AFFILIATED VENDORS.
LOBBYING: IBAT MONITORS ALL STATE OF TEXAS AND FEDERAL LEGISLATION WHICH WOULD IMPOSE REGULATIONS AND/OR TAXES ON THE BANKS WITHIN TEXAS. BASED ON THE BOARD OF DIRECTORS AND THE REGULATORY LIAISON COMMITTEE'S DECISIONS, IBAT REPRESENTS ITS MEMBERSHIP POSITION ON PENDING LEGISLATION TO THE BILL COMMITTEE OR DIRECTLY TO VARIOUS LEGISLATORS.
MAGAZINE: IBAT PUBLISHES A QUARTERLY MAGAZINE THROUGH IBAT MARKETING, WHICH IS SENT TO ALL MEMBERS AS A MEMBERSHIP BENEFIT. THE MAGAZINE INCLUDES ARTICLES ABOUT BANKS WITHIN TEXAS, UPCOMING EDUCATIONAL OPPORTUNITIES, THE CURRENT FEDERAL AND STATE REGULATORY ENVIRONMENT, AND OTHER ARTICLES RELATED TO BANKING IN TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Williston Vi President & CEO | Officer | 39 | $278,804 |
Stephen Scurlock Director Government Relations | Officer | 40 | $269,363 |
Curtis Nelson Director Of Membership | Officer | 40 | $221,811 |
Ursula Jimenez Chief Operating Officer | Officer | 39 | $187,452 |
Karen Neeley General Counsel | Officer | 40 | $165,544 |
Christy Bussey Director Of Growth & Development | Officer | 31 | $155,363 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caltech It Services | 12/30/21 | $206,637 |
Freeman Av Services | 12/30/21 | $101,279 |
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 | $328,748 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,748 |
| Total Program Service Revenue | $2,915,634 |
| Investment income | $750,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,483,350 |
| Net Rental Income | $21,762 |
| Net Gain/Loss on Asset Sales | $9,765 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,511,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,500 |
| 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. | $1,698,288 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $676,855 |
| Pension plan accruals and contributions | $13,640 |
| Other employee benefits | $185,904 |
| Payroll taxes | $148,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,860 |
| Fees for services: Accounting | $21,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $433,239 |
| Advertising and promotion | $12,867 |
| Office expenses | $250,346 |
| Information technology | $24,560 |
| Royalties | $0 |
| Occupancy | $252,432 |
| Travel | $105,873 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $616,768 |
| Interest | $145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,545 |
| Insurance | $51,346 |
| All other expenses | $35,004 |
| Total functional expenses | $4,897,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,098,255 |
| Savings and temporary cash investments | $350,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,452 |
| Loans from Officers, Directors, or Controlling Persons | $20,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $93,934 |
| Net Land, buildings, and equipment | $1,684,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,666 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,061,502 |
| Total assets | $7,396,649 |
| Accounts payable and accrued expenses | $75,832 |
| Grants payable | $0 |
| Deferred revenue | $1,039,985 |
| 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 | $412,265 |
| Total liabilities | $1,528,082 |
| Net assets without donor restrictions | $5,868,567 |
| 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 | $7,396,649 |
Grants Awarded
Over the last fiscal year, Independent Bankers Association Of Texas has awarded $200,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lubbock, TX PURPOSE: DONATION TO BANKING SCHOOL | $100,000 |
College Station, TX PURPOSE: DONATION TO BANKING SCHOOL | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Bankers Association Austin, TX | $29,127,060 | $9,869,075 |
Independent Bankers Association Of Texas Austin, TX | $7,396,649 | $5,511,793 |
Oklahoma Bankers Association Oklahoma City, OK | $7,110,372 | $3,904,069 |
Louisiana Bankers Association Baton Rouge, LA | $6,439,821 | $2,797,903 |
Louisiana Budget Project Baton Rouge, LA | $1,725,763 | $1,176,519 |
1889institute Stillwater, OK | $306,873 | $516,750 |
Rio Grande Foundation Inc Albuquerque, NM | $106,776 | $324,357 |
Texas Wounded Warriors Tyler, TX | $1,069,512 | $471,097 |
Black Space Oklahoma Incorporated Oklahoma City, OK | $109,406 | $249,676 |
Team Mario Edinburg, TX | $21,650 | $0 |
Texans For Traffic Relief Austin, TX | $0 | $0 |
Tahsr Land Defense Fund Horseshoe Bay, TX | $46,463 | $65,691 |