Overview
What is Independent Community Bankers Of Minnesota?
Independent Community Bankers of Minnesota is a nonprofit organization, often referred to as BankIn Minnesota, located in Bloomington, Minnesota. With a team of 11 dedicated individuals, their mission is to support and educate community bank members, enabling them to thrive in the financial industry. The organization hosts an annual convention, providing valuable networking and educational opportunities for its members. This event serves as their annual meeting of membership. The main objective of Independent Community Bankers of Minnesota is to empower its members to maintain their independence, compete effectively in the market, expand their banks, and positively contribute to their local communities' economies.
Official website here: www.minnesota.bank
Is Independent Community Bankers Of Minnesota legitimate?
Independent Community Bankers Of Minnesota is a legitimate nonprofit organization registered as a 501(c)(6) entity. Independent Community Bankers Of Minnesota submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $244,047
Professional Fundraising Fees: $0
Other Salaries and Wages: $326,155
For more financial information, click here
Official website here: www.minnesota.bank
What is the mission statement of Independent Community Bankers Of Minnesota?
Independent Community Bankers of Minnesota's mission is to support and educate its member community banks. Their goal is to equip these banks with the necessary resources and advocacy, enabling them to compete effectively in the financial industry, expand their operations, and contribute positively to their local economies. The organization hosts an annual convention that serves as a platform for educational networking opportunities for its members.
Official website here: www.minnesota.bank
Who is the CEO of Independent Community Bankers Of Minnesota?
James Amundson is the CEO of Independent Community Bankers Of Minnesota The CEO's salary of Independent Community Bankers Of Minnesota is $219,321 and their total compensation is $259,658.
Official website here: www.minnesota.bank
What is the revenue of Independent Community Bankers Of Minnesota?
Independent Community Bankers Of Minnesota's revenue in 2023 was $1,918,103.
Official website here: www.minnesota.bank
Who are the executives of Independent Community Bankers Of Minnesota and what are their salaries?
The average compensation at Independent Community Bankers Of Minnesota during 2023 was $47,517. There are 12 employees and 45 volunteers at Independent Community Bankers Of Minnesota.
Here are 20 key members and their salaries (Independent Community Bankers Of Minnesota's CEO's salary is $219,321 and their total compensation is $259,658):
- Compensation: $219,321
- Related: $0
- Other: $40,337
- Compensation: $0
- Related: $136,945
- Other: $6,004
- Compensation: $0
- Related: $115,540
- Other: $4,622
- Compensation: $101,381
- Related: $0
- Other: $18,033
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.minnesota.bank
Where can I find the form 990 for Independent Community Bankers Of Minnesota?
Independent Community Bankers Of Minnesota's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.minnesota.bank
Learn more at the official website: www.minnesota.bank
Mission Statement of Independent Community Bankers Of Minnesota
Independent Community Bankers of Minnesota, as an organization, is committed to promoting and educating its community bank members. Its mission is to empower these members by providing them with the necessary resources and advocacy. This empowerment enables them to maintain their independence, successfully compete in the financial industry, expand their banks, and positively contribute to their local economies. The organization's goal is to support its members in their endeavors, ultimately benefiting the communities they serve.
In pursuit of its mission, Independent Community Bankers of Minnesota offers various resources and advocacy opportunities. One such event is its annual convention, which serves as a platform for educational networking. This convention not only offers valuable learning experiences but also provides an opportunity for members to connect and share ideas, fostering a sense of community and collective growth. The organization's primary objective is to help its members thrive in the competitive financial industry, thereby ensuring the continued strength and vibrancy of their local communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Independent Community Bankers of Minnesota plays a significant role in strengthening local economies by promoting and educating community bank members. Through its annual convention, the organization fosters educational and networking opportunities that enhance the skills and knowledge of its members. This event serves as a platform for community bankers to connect, share best practices, and stay informed about industry developments.
By equipping its members with essential resources and advocacy support, the organization empowers community banks to maintain their independence and effectively compete in the financial sector. This focus on growth not only helps individual banks thrive but also contributes to the overall economic vitality of the communities they serve. The work of the Independent Community Bankers of Minnesota ultimately results in a more robust and resilient local economy.
This information is meant to be a general summary of Independent Community Bankers Of Minnesota. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,595
- Program Service Revenue: $1,690,342
- Gross Receipts: $1,918,103
Assets and Liabilities:
- Total Assets: $2,066,253
- Total Liabilities: $122,408
- Net Assets: $1,943,845
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$831,243
Seminar Registration
Revenue
$415,192
Annual Convention
Revenue
$348,162
General Services
Revenue
$94,850
Organization Details
Founding Year
1962
Principal Officer
James Amundson
Website
www.minnesota.bankNTEE Category
Code: W03 - Public benefit
If you are a representative of Independent Community Bankers Of Minnesota and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.