Montana Bankers Association
- Assets
- $4.3m
- Revenue
- $745.5k
- Investments
- $1.7m
- Employees
- 0
- Location
- Helena, MT
- Founding
- 11/1942
- Data as of
- 06/2023
- EIN
- 81-0169164
Organization Overview
Montana Bankers Association is located in Helena, MT. The organization was established in 1942. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana 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 06/2023, Montana Bankers Association generated $745.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $691.3k during the year ending 06/2023. 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
ENRICHING THE LIVES OF ALL MONTANANS THROUGH STRONG COMMUNITY-FOCUSED BANKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL CONFERENCES FOR MEMBERS - ONE OF THE MONTANA BANKERS ASSOCIATION'S MAJOR MISSIONS IS TO ENHANCE THE ROLE OF COMMUNITY BANKS AS PREEMINENT PROVIDERS OF FINANCIAL SERVICES THROUGH EDUCATION PROGRAMS. TO MEET CONTINUING CHANGING MEMBER NEEDS FOR TRAINING AND PROFESSIONAL DEVELOPMENT, THE MONTANA BANKERS ASSOCIATION PROVIDES A VARIETY OF EDUCATION OPPORTUNITIES FOR MEMBER BANKS AND THEIR EMPLOYEES TO IMPROVE BANK PERFORMANCE BY ENHANCING THEIR DIRECTORS', MANAGERS', AND EMPLOYEES' KNOWLEDGE AND SKILLS. MONTANA BANKERS ASSOCIATION EDUCATION CONFERENCES PROVIDE TRAINING IN ALL KEY AREAS OF BANKING, WITH QUALITY CONTENT DEVELOPED BY LEADING INDUSTRY EXPERTS AND DELIVERED THROUGH SEVERAL CHANNELS INCLUDING FACE-TO-FACE, E-LEARNING, WEB-BASED AND TELEPHONE CONFERENCE PROGRAMS.
ANNUAL CONVENTION FOR MEMBERS - AS STATED IN THE ASSOCIATION'S BYLAWS, "THE (ASSOCIATION'S) PURPOSE, SHALL BE TO PROMOTE THE GENERAL WELFARE AND USEFULNESS OF THE BANKING INDUSTRY IN MONTANA: TO GIVE OPPORTUNITIES FOR OPEN DISCUSSION AND LAWFUL INTERCHANGE OF INFORMATION ABOUT ALL FACETS OF THE BANKING INDUSTRY IN MONTANA; TO ACCUMULATE AND GIVE INFORMATION ABOUT THE BANKING INDUSTRY."THE ANNUAL CONVENTION IS THE MAJOR EVENT TO GATHER MEMBERS TOGETHER TO MEET FOR THE ASSOCIATION'S ABOVE REFERENCED PURPOSES AS WELL AS TO SATISFY THE REQUIREMENT FOR THE ANNUAL MEMBERSHIP MEETING. AT THE ANNUAL MEETING THE ASSOCIATION'S OFFICERS REPORT TO THE MEMBERSHIP THE ASSOCIATION'S ACTIVITIES AND FINANCES FOR THE PAST YEAR AND PROPOSED PLAN FOR THE UPCOMING YEAR AND GAIN MEMBER INPUT FOR THE ASSOCIATION'S ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Seppala Chair | OfficerTrustee | 2 | $0 |
Kc Hickok Vice Chair | OfficerTrustee | 2 | $0 |
Tom Severson Secretary/treasurer | OfficerTrustee | 2 | $0 |
Jake Pelczar Immediate Past Chair | OfficerTrustee | 5 | $0 |
Allen Mccormick Director | Trustee | 2 | $0 |
Sarah Jones Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $360,453 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,503 |
| Total Program Service Revenue | $363,050 |
| Investment income | $16,957 |
| 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 | $745,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,608 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $300,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,035 |
| Fees for services: Lobbying | $31,579 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $600 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,715 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,841 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $251,670 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $74,232 |
| Total functional expenses | $691,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,392 |
| Savings and temporary cash investments | $1,315,907 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,155 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,900 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,013,365 |
| Investments—other securities | $1,717,695 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,705 |
| Total assets | $4,287,119 |
| Accounts payable and accrued expenses | $7,964 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $7,964 |
| Net assets without donor restrictions | $4,279,155 |
| 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 | $4,287,119 |
Grants Awarded
Over the last fiscal year, Montana Bankers Association has awarded $58,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA STATE UNIVERSITY FOUNDATION PURPOSE: MSU COMMUNITY BANKING PROGRAM | $50,000 |
MONTANA COUNCIL ON ECONOMIC EDUCATION PURPOSE: GENERAL PROGRAM SUPPORT | $8,500 |