Independent Community Bankers Of Sd

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 460396671 ✦ Watertown, SD ✦ Designated as a 501(c)(6)

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Overview

What is Independent Community Bankers Of Sd?

Independent Community Bankers of SD is a nonprofit organization dedicated to supporting community banks. Acting as a trade association, their primary mission is to facilitate the success of these banks. They achieve this by providing educational resources, including seminars and retreats, which assist members in improving their business practices and ensuring continuity. By doing so, Independent Community Bankers of SD plays a crucial role in strengthening the community banking sector.


Official website here: www.icbsd.com

Is Independent Community Bankers Of Sd legitimate?

Independent Community Bankers Of Sd is a legitimate nonprofit organization registered as a 501(c)(6) entity. Independent Community Bankers Of Sd 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: $102,977
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.icbsd.com

What is the mission statement of Independent Community Bankers Of Sd?

Independent Community Bankers of SD, as a trade association, is committed to assisting community banks in their success. They achieve this mission by providing educational seminars and retreats, enabling members to improve their business practices and ensure continuity. The association's primary goal is to support and empower community banks, ultimately contributing to a stronger and more resilient banking sector.


Official website here: www.icbsd.com

Who is the CEO of Independent Community Bankers Of Sd?

Megan Olson is the Chairman of Independent Community Bankers Of Sd.


Official website here: www.icbsd.com

What is the revenue of Independent Community Bankers Of Sd?

Independent Community Bankers Of Sd's revenue in 2022 was $412,426.


Official website here: www.icbsd.com

Who are the executives of Independent Community Bankers Of Sd and what are their salaries?


Here are 13 key members and their salaries:


Brian Gilbert (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dillon Kjerstad (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Weber (Immediate Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monte Troske (Honorary Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Hogue (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Fargen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Valerie Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jodi Eich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Behl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Hofer (Icba Federal Delegate)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nate Engbers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Conway (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Megan Olson (Executive Director)
  • Compensation: $0
  • Related: $97,527
  • Other: $0


Official website here: www.icbsd.com

Where can I find the form 990 for Independent Community Bankers Of Sd?

Independent Community Bankers Of Sd's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.icbsd.com

Learn more at the official website: www.icbsd.com

Mission Statement of Independent Community Bankers Of Sd

Independent Community Bankers of SD, as a trade association, is dedicated to supporting the success of community banks. Its mission is to facilitate this by providing educational seminars and retreats for its members. These events are designed to enhance their business practices and ensure continuity, ultimately aiding in the overall growth and stability of these community banks.

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Impact




October, 2024

Independent Community Bankers of SD has a significant impact on the success of community banks in South Dakota. By serving as a trade association, it provides essential resources that help these banks thrive in a competitive financial landscape. The organization focuses on professional development through educational seminars and retreats, which equip member banks with the knowledge and skills necessary to improve their business practices and ensure continuity. This commitment to enhancing the capabilities of community banks not only benefits the financial institutions themselves but also supports the broader economic health of the communities they serve. Through its efforts, Independent Community Bankers of SD plays a crucial role in fostering community improvement and sustainable banking practices throughout the state.




This information is meant to be a general summary of Independent Community Bankers Of Sd. 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.

Revenue
$412,426 (2022)
Expenses
$348,980 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,853
  • Program Service Revenue: $410,573
  • Gross Receipts: $412,426

Assets and Liabilities:

  • Total Assets: $556,260
  • Total Liabilities: $37,595
  • Net Assets: $518,665

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMERSHIP DUES

Revenue

$114,819

ICBA/FED REVENUE SHARI

Revenue

$113,642

PREFERRED PARTNERSHIP

Revenue

$106,300

EVENTS

Revenue

$36,837

DIRECTORS' CONF

Revenue

$33,400

Organization Details

Founding Year

1994

Principal Officer

Megan Olson

Main Address

PO BOX 615, WATERTOWN, SD, 57201

NTEE Category

Code: S41 - Community improvement

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