Montana Independent Bankers
- Assets
- $726.4k
- Revenue
- $127.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Helena, MT
- Founding
- 07/1970
- Data as of
- 12/2023
- EIN
- 81-0304262
Organization Overview
Montana Independent Bankers is located in Helena, MT. The organization was established in 1970. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Independent Bankers 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, Montana Independent Bankers generated $127.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $136.4k during the year ending 12/2023. While expenses have increased by 3.3% 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 PROMOTE COMPETITION AMONG FINANCIAL INSTITUTIONS SO THAT PREMIER FINANCIAL SERVICES ARE MADE AVAILABLE TO OUR CUSTOMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND EDUCATION FOR INDEPENDENT BANKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Dutton Director | Trustee | 4 | $0 |
William Coffee Director | Trustee | 4 | $0 |
Brice Kluth Director | Trustee | 4 | $0 |
Kenny Martin Icba State Director | Trustee | 4 | $0 |
Tom Christnacht Director | Trustee | 4 | $0 |
Ryan Fritz Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $111,566 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,122 |
| Total Program Service Revenue | $0 |
| Investment income | $13,017 |
| 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 | $127,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,200 |
| 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. | $0 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $44,217 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,195 |
| Fees for services: Lobbying | $15,338 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,470 |
| Office expenses | $3,958 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,543 |
| All other expenses | $597 |
| Total functional expenses | $136,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,640 |
| Savings and temporary cash investments | $380,753 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$8,774 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $281,793 |
| Total assets | $726,412 |
| Accounts payable and accrued expenses | $3,666 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,666 |
| Net assets without donor restrictions | $722,746 |
| 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 | $726,412 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Park Side Financial Credit Union Whitefish, MT | $397,774,451 | $19,753,566 |
Student Assistance Foundation Of Montana Helena, MT | $27,473,857 | $5,408,752 |
Akiptan Eagle Butte, SD | $26,940,042 | $5,692,103 |
Open Aid Alliance Missoula, MT | $738,800 | $1,259,220 |
Montana Independent Bankers Helena, MT | $726,412 | $127,139 |
Necog Development Corporation Aberdeen, SD | $6,533,098 | $514,731 |