Independent Bankers Of Colorado
- Assets
- $1.0m
- Revenue
- $984.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Littleton, CO
- Founding
- 03/1976
- Data as of
- 12/2021
- EIN
- 84-0647721
Organization Overview
Independent Bankers Of Colorado is located in Littleton, CO. The organization was established in 1976. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Independent Bankers Of Colorado employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Bankers Of Colorado 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 Of Colorado generated $984.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $924.4k during the year ending 12/2021. While expenses have increased by 3.9% 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
SEE PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS SERVICES TO MAINTAIN AND PROMOTE INDEPENDENT BANKING PRACTICES AS DESIGNATED IN THE ORGANIZATION'S ARTICLES OF INCORPORATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Van Norstrand Executive Director | Officer | 40 | $193,365 |
Maelynn Lewis Secretary/treasurer | Officer | 40 | $116,052 |
Quentin Leighty Chairman | Officer | 1 | $0 |
Kyle Heckman President | Officer | 1 | $0 |
Randy Younger President-Elect | Officer | 1 | $0 |
Jeff Walker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $568,031 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $160,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $728,981 |
| Total Program Service Revenue | $203,600 |
| Investment income | $5,151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $28,398 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,481 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $984,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $309,417 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,194 |
| Pension plan accruals and contributions | $29,842 |
| Other employee benefits | $41,886 |
| Payroll taxes | $26,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,808 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $83,514 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,182 |
| Office expenses | $6,923 |
| Information technology | $4,922 |
| Royalties | $0 |
| Occupancy | $9,718 |
| Travel | $6,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $158,706 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,912 |
| Insurance | $7,524 |
| All other expenses | $23,638 |
| Total functional expenses | $924,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $972,648 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $8,869 |
| Investments—publicly traded securities | $52,888 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,034,405 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,034,405 |
| Total liabilities and net assets/fund balances | $1,034,405 |
Endowment Analysis
| Beg. Balance | $47,895 |
| Earnings | $1,235 |
| Grants | $2,000 |
| Ending Balance | $47,130 |
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|---|---|---|
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Hopi Credit Association Keams Canyon, AZ | $2,594,030 | $382,272 |
Oklahoma Bankers Foundation Oklahoma City, OK | $46,055 | $0 |
Centennial Lending A Hand Foundation Firestone, CO | $0 | $0 |