North Dakota Bankers Association
- Assets
- $3.8m
- Revenue
- $1.5m
- Investments
- $1.2m
- Employees
- 7
- Location
- Bismarck, ND
- Founding
- 07/1942
- Data as of
- 07/2023
- EIN
- 45-0172930
Organization Overview
North Dakota Bankers Association is located in Bismarck, ND. The organization was established in 1942. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 07/2023, North Dakota Bankers Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Dakota Bankers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 07/2023, North Dakota Bankers Association generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.6m during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION TO ITS MEMBERS THROUGH CONFERENCES, SEMINARS, MAILINGS AND TO PROMOTE THE BANKING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION TO MEMBERS AND PROMOTE THE BANKING INDUSTRY TO THE PUBLIC THROUGH CONFERENCES, SEMINARS AND MAILINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pete Jahner Chair | OfficerTrustee | 2 | $0 |
Deneen Axtman Chair-Elect | Trustee | 2 | $0 |
Bernie Sinner Treasurer | OfficerTrustee | 2 | $0 |
Greg Gess Director | Trustee | 2 | $0 |
Tory Hart Director | Trustee | 2 | $0 |
Savannah Hendrickson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,212,114 |
| Investment income | $22,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,543,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $283,568 |
| Compensation of current officers, directors, key employees. | $167,305 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $472,071 |
| Pension plan accruals and contributions | $52,010 |
| Other employee benefits | $55,554 |
| Payroll taxes | $33,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,077 |
| Fees for services: Accounting | $13,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,421 |
| Office expenses | $21,022 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,834 |
| Travel | $51,227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,193 |
| Insurance | $0 |
| All other expenses | $8,511 |
| Total functional expenses | $1,595,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,513 |
| Savings and temporary cash investments | $1,200,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $416,849 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $48,723 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,275 |
| Net Land, buildings, and equipment | $613,591 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,236,342 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,560 |
| Total assets | $3,797,853 |
| Accounts payable and accrued expenses | $109,685 |
| Grants payable | $0 |
| Deferred revenue | $611,079 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,721 |
| Total liabilities | $732,485 |
| Net assets without donor restrictions | $3,065,368 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,797,853 |