Overview
What is Idaho Bankers Association Inc?
Idaho Bankers Association Inc, established in 1905, serves as the trade association for Idaho's banking sector. This nonprofit organization, located at 816 W Bannock St 5A, Boise, ID 83702, aims to enhance its members' capacity as the leading providers of financial services. The IBA positively represents the banking industry to the public, safeguards it from excessive regulation, and offers aid and resources to boost operational effectiveness. One of their notable initiatives is the Emerging Leaders Program, launched in January 2022, which concluded with the graduation of 21 participants in December of the same year. With a small workforce of 5 individuals, Idaho Bankers Association Inc continues to support and strengthen the banking industry in Idaho.
Official website here: www.idahobankers.org
Is Idaho Bankers Association Inc legitimate?
Idaho Bankers Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Idaho Bankers Association Inc 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: $195,830
Professional Fundraising Fees: $0
Other Salaries and Wages: $230,463
For more financial information, click here
Official website here: www.idahobankers.org
What is the mission statement of Idaho Bankers Association Inc?
The Idaho Bankers Association Inc's mission is centered around promoting the banking industry and fostering educational opportunities. Their primary goal is to enhance the banking sector's general welfare and usefulness. This is achieved by advocating for cooperation and unity among banks in matters of mutual concern. The association works towards establishing a favorable image and understanding of the banking industry among the general public and strives to protect it from excessive regulatory oversight. Furthermore, the Idaho Bankers Association provides assistance and resources to help improve operational efficiencies within its member banks. Notably, they introduced the Emerging Leaders Program in January 2022, which graduated 21 students by December 2022.
Official website here: www.idahobankers.org
Who is the CEO of Idaho Bankers Association Inc?
Trenton Wright is the CEO of Idaho Bankers Association Inc The CEO's salary of Idaho Bankers Association Inc is $186,941 and their total compensation is $208,867.
Official website here: www.idahobankers.org
What is the revenue of Idaho Bankers Association Inc?
Idaho Bankers Association Inc's revenue in 2023 was $1,037,600.
Official website here: www.idahobankers.org
Who are the executives of Idaho Bankers Association Inc and what are their salaries?
The average compensation at Idaho Bankers Association Inc during 2023 was $85,259. There are 5 employees and 13 volunteers at Idaho Bankers Association Inc.
Here are 14 key members and their salaries (Idaho Bankers Association Inc's CEO's salary is $186,941 and their total compensation is $208,867):
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- Compensation: $186,941
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- Other: $21,926
Official website here: www.idahobankers.org
Where can I find the form 990 for Idaho Bankers Association Inc?
Idaho Bankers Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.idahobankers.org
Learn more at the official website: www.idahobankers.org
Mission Statement of Idaho Bankers Association Inc
Idaho Bankers Association, established in 1905, serves as the trade association for the banking industry in the state. Its mission is centered around promoting the general welfare and usefulness of banks and the banking industry as a whole. The association strives to obtain cooperation and unanimity of action in matters of mutual concern, thereby acting as a unifying force within the industry. By doing so, Idaho Bankers Association aims to enhance its members' ability to excel as preeminent providers of financial services. In addition, the organization works towards fostering a positive image and understanding of the banking industry to the general public, while simultaneously protecting it from burdensome oversight. The association also provides resources and assistance to help improve operational efficiencies within its member banks. An example of their efforts in this regard is the Emerging Leaders Program, which was initiated in January 2022 and graduated 21 students in December 2022.
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Impact
October, 2024
The Idaho Bankers Association Inc. significantly impacts the banking landscape in Idaho by promoting the industry's interests and enhancing its public image. Established in 1905, the association serves as a vital trade organization that empowers its members to excel as leading providers of financial services.
Through initiatives aimed at fostering a favorable understanding of banking within the community, the Idaho Bankers Association strengthens the relationship between banks and the public. Its efforts to mitigate burdensome regulation help create a more conducive environment for banking operations.
Additionally, the organization emphasizes professional development through initiatives like the Emerging Leaders Program, which builds future leaders in the banking industry. Launched in January 2022, this program showcases the association's commitment to continuous learning and leadership cultivation, having already seen 21 participants graduate in December 2022.
Overall, the Idaho Bankers Association plays a crucial role in advancing operational efficiencies, advocating for industry interests, and enhancing the overall welfare of banks in Idaho.
This information is meant to be a general summary of Idaho Bankers Association Inc. 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: $7,961
- Program Service Revenue: $960,154
- Gross Receipts: $1,039,517
Assets and Liabilities:
- Total Assets: $850,414
- Total Liabilities: $91,842
- Net Assets: $758,572
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$708,280
Conferences, Conventio
Revenue
$147,394
Service Rebates
Revenue
$78,761
ABA Education Program
Revenue
$11,499
Organization Details
Founding Year
1974
Principal Officer
Trenton Wright
Website
www.idahobankers.orgNTEE Category
Code: S41 - Community improvement
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