Overview
What is South Dakota Bankers Association?
The South Dakota Bankers Association, situated in Pierre, South Dakota, serves as a vital resource for banks and financial institutions within the state. Their primary objective, as stated in their mission, is to promote the welfare and usefulness of these financial entities. They achieve this through various activities, such as coordinating conferences, conventions, and providing ongoing education to their members. This is accomplished by offering a monthly newsletter, which keeps members informed about current and relevant topics. With a small yet dedicated team of five employees, the South Dakota Bankers Association plays a significant role in fostering the continued growth and development of the banking sector in South Dakota.
Official website here: www.sdba.com
Is South Dakota Bankers Association legitimate?
South Dakota Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. South Dakota Bankers Association 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: $372,576
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,911
For more financial information, click here
Official website here: www.sdba.com
What is the mission statement of South Dakota Bankers Association?
The South Dakota Bankers Association's mission is centered around promoting the well-being and utility of banks and financial institutions. They accomplish this by organizing conferences, conventions, and providing a monthly newsletter. The newsletter serves to keep members updated on current and relevant topics, fostering continuous education among its members. This association aims to encourage growth and development within the banking sector.
Official website here: www.sdba.com
Who is the CEO of South Dakota Bankers Association?
Karlton Adam is the President of South Dakota Bankers Association.
Official website here: www.sdba.com
What is the revenue of South Dakota Bankers Association?
South Dakota Bankers Association's revenue in 2022 was $1,620,576.
Official website here: www.sdba.com
Who are the executives of South Dakota Bankers Association and what are their salaries?
The average compensation at South Dakota Bankers Association during 2022 was $97,897. There are 5 employees at South Dakota Bankers Association.
Here are 16 key members and their salaries:
- Compensation: $235,000
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- Other: $12,600
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- Compensation: $104,020
- Related: $0
- Other: $20,956
- Compensation: $0
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- Other: $0
Official website here: www.sdba.com
Where can I find the form 990 for South Dakota Bankers Association?
South Dakota Bankers Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sdba.com
Learn more at the official website: www.sdba.com
Mission Statement of South Dakota Bankers Association
The South Dakota Bankers Association aims to enhance the well-being and utility of banks and financial institutions within its sphere. In pursuit of this mission, the organization takes on a proactive role in coordinating conferences, conventions, and providing a monthly newsletter. This newsletter serves to keep its members informed about current and relevant topics, thereby encouraging ongoing education among its members. The South Dakota Bankers Association's initiatives are designed to foster a continuous learning environment, ensuring that its members remain updated and well-equipped to navigate the ever-evolving financial landscape.
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Impact
October, 2024
The South Dakota Bankers Association plays a vital role in enhancing the welfare and usefulness of banks and financial institutions throughout the state. By coordinating conferences, conventions, and training sessions, the Association fosters a collaborative environment where banking professionals can share knowledge and best practices.
Its monthly newsletter keeps members informed of current and relevant topics, ensuring they stay updated on industry trends and regulatory changes. This commitment to ongoing education encourages continuous professional development among its members, enhancing the overall quality of banking services available to the community.
Through these efforts, the South Dakota Bankers Association significantly contributes to community improvement, supporting the growth and stability of the banking sector, which in turn benefits the local economy and residents.
This information is meant to be a general summary of South Dakota Bankers Association. 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: $360,379
- Program Service Revenue: $599,806
- Gross Receipts: $1,843,244
Assets and Liabilities:
- Total Assets: $4,543,463
- Total Liabilities: $44,252
- Net Assets: $4,499,211
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$547,394
SD BANKERS MAGAZINE
Revenue
$52,412
Organization Details
Founding Year
1971
Phone
(605) 224-1653Principal Officer
Karlton Adam
Main Address
109 WEST MISSOURI AVENUE, PIERRE, SD, 57501
Website
www.sdba.comNTEE Category
Code: S41 - Community improvement
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