Overview
What is Independent Community Banks Of North Dakota?
Independent Community Banks of North Dakota is a dedicated nonprofit organization representing and advocating for the interests of North Dakota's independent community banks. By serving as a proactive industry advocate, they influence state and federal legislative and regulatory bodies. Their mission extends beyond representation, as they also promote the significance of community banks in local, state, and national economies. The organization holds annual conventions and seminars to exchange ideas, educate, and disseminate information, attracting an average attendance of 300 and 500-600 participants respectively. With a small workforce of 10 individuals, Independent Community Banks of North Dakota strives to create cooperative products, services, and educational offerings to assist its members in competing effectively in a changing financial services marketplace.
Official website here: www.icbnd.com
Is Independent Community Banks Of North Dakota legitimate?
Independent Community Banks Of North Dakota is a legitimate nonprofit organization registered as a 501(c)(6) entity. Independent Community Banks Of North Dakota 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: $203,475
Professional Fundraising Fees: $0
Other Salaries and Wages: $429,673
For more financial information, click here
Official website here: www.icbnd.com
What is the mission statement of Independent Community Banks Of North Dakota?
The Independent Community Banks of North Dakota serves as an exclusive representative and advocate for North Dakota's independent banks. Their primary mission is to add value to their members by actively engaging with legislative and regulatory bodies at both the state and federal levels. They strive to promote the significance of community banks in local, state, and national economies and citizenry. The organization also facilitates networking opportunities and disseminates relevant information to its members. Additionally, it provides cooperative products, services, and educational offerings to assist its members in competing effectively in a changing financial services marketplace.
Official website here: www.icbnd.com
Who is the CEO of Independent Community Banks Of North Dakota?
Barry Haugen is the /Immediate Past Chairman (Aug-Dec) of Independent Community Banks Of North Dakota.
Official website here: www.icbnd.com
What is the revenue of Independent Community Banks Of North Dakota?
Independent Community Banks Of North Dakota's revenue in 2022 was $1,197,097.
Official website here: www.icbnd.com
Who are the executives of Independent Community Banks Of North Dakota and what are their salaries?
The average compensation at Independent Community Banks Of North Dakota during 2022 was $63,315. There are 10 employees and 16 volunteers at Independent Community Banks Of North Dakota.
Here are 17 key members and their salaries:
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- Compensation: $166,719
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- Other: $35,917
Official website here: www.icbnd.com
Where can I find the form 990 for Independent Community Banks Of North Dakota?
Independent Community Banks Of North Dakota's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.icbnd.com
Learn more at the official website: www.icbnd.com
Mission Statement of Independent Community Banks Of North Dakota
The Independent Community Banks of North Dakota is an organization that serves a crucial role in representing and promoting the interests of North Dakota's independent community banks. Their mission is driven by the needs of their members, aiming to add value by acting as a proactive advocate before both state and federal legislative and regulatory bodies. They strive to enhance the image and significance of community banks within local, state, and national economies and communities.
In addition to this, the Independent Community Banks of North Dakota provides a platform for networking and information dissemination, fostering a sense of community among its members. They also work towards creating cooperative products, services, and educational offerings to help their members compete effectively and flourish in an ever-changing financial services marketplace. By doing so, they contribute to the overall growth and success of the community banks within North Dakota.
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Impact
October, 2024
Independent Community Banks of North Dakota plays a vital role in enhancing the capabilities and sustainability of community banks throughout the state. By organizing events such as an annual convention, which draws around 300 attendees, and numerous seminars that engage approximately 500-600 participants throughout the year, the organization facilitates critical networking and knowledge exchange among member banks.
Their proactive advocacy efforts ensure that the interests of independent community banks are represented before state and federal legislative and regulatory bodies. This advocacy helps to shape policies that directly affect the banking landscape in North Dakota, providing a voice for local banks in broader discussions about financial services.
Moreover, the organization's commitment to promoting the significance and impact of community banks reinforces their vital role in local, state, and national economies. Through its educational offerings, it equips member banks with the tools they need to thrive in a dynamic marketplace, fostering a collaborative environment conducive to innovation and growth. In essence, the Independent Community Banks of North Dakota strengthens the foundation of community banking, ultimately benefiting local economies and the citizens they serve.
This information is meant to be a general summary of Independent Community Banks Of North Dakota. 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 2022.
- Investment Income: $1,483
- Program Service Revenue: $937,876
- Gross Receipts: $1,945,092
Assets and Liabilities:
- Total Assets: $2,039,770
- Total Liabilities: $330,881
- Net Assets: $1,708,889
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$311,612
Management Fees
Revenue
$221,703
Seminars/Programs
Revenue
$190,688
Convention
Revenue
$167,540
Newsletter
Revenue
$25,410
Organization Details
Founding Year
1976
Phone
(701) 258-7121Principal Officer
Barry Haugen
Main Address
PO Box 6128, Bismarck, ND, 585066128
Website
www.icbnd.comNTEE Category
Code: S41 - Community improvement
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